In 2024, offline retail led with 81.2% of global sales, showing the continued value of in-person shopping for tactile engagement, instant gratification, and trust which remains integral to the path to purchase in personal accessories. Yet, with e-commerce rising to 18.8%, digital adaptability is vital. Consumers expect seamless, tech-enhanced experiences. Retailers must innovate in-store while integrating digital tools and omnichannel services to stay competitive in a blended retail future.
This report comes in PPT.
Omnichannel approaches remain crucial in the personal accessories market, as they seamlessly integrate physical and digital touchpoints to meet evolving consumer expectations for convenience, personalisation and immersive brand experiences.
Specialised retailers in the personal accessories sector continue to thrive by offering experiential retailing that emphasises personalised service, tactile engagement and immersive brand storytelling are elements that remain essential in building customer loyalty and differentiating from online-only competitors.
Sustained digital investment in retail e-commerce is driving innovation through enhanced personalisation, immersive virtual experiences and seamless integration across channels to meet the demands of increasingly tech-savvy consumers.
The development of social and mobile commerce in the personal accessories sector is accelerating, as brands leverage platforms such as Instagram and TikTok alongside mobile-optimised shopping experiences to engage consumers through seamless, on-the-go purchasing and interactive content.
While offline retail channels will continue to account for the majority of sales in personal accessories, ongoing digital investment remains essential to enhance the in-store experience, support omnichannel strategies and meet the expectations of today’s connected consumers.
Personal Accessories refers to a diversified group of personal products including Bags & Luggage, Jewellery, Watches and Writing instruments.
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