EXCLUSIVE: NPD analyst urges watch retailers to recognize growing spending power of women

EXCLUSIVE: NPD analyst urges watch retailers to recognize growing spending power of women

Annabelle Wallis modeling for Cartier, one of few watch brands that appears to understand what women want. Women are spending more of their own money on luxury watches, according to analysis by NPD’s executive director and watch and luxury industry analyst Reginald Brack. “We see some pockets of growth, particularly women with household income of over $100,000; they are spending 77% of their accessories dollars on purchases for themselves That is a big uptick and a great opportunity to sell them watches,” Mr Brack tells WatchPro in an exclusive interview. “The women segments appears to be growing The good news is that women are showing up and self-gifting.

That is a really interesting new trend that we are keeping an eye on,” he adds. In recent decades, the women’s market has always been dwarfed to such an extent by men’s that Switzerland’s major manufacturers have done little to encourage its growth Smaller gem-set versions . More

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