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1、 Datamonitor USA 245 Fifth Avenue 4th Floor New York, NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: Datamonitor Europe 119 Farringdon Road London EC1R 3DA United Kingdom t: +44 20 7551 9000 f: +44 20 7675 7500 e: Datamonitor Middle East and North America Datamonitor PO Box 24893 Dubai, UA
2、E t: +49 69 9754 4517 f: +49 69 9754 4900 e: datamonitormena Datamonitor Asia Pacific Level 46, 2 Park Street Sydney, NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8705 6901 e: South America - Jewelry however the brand strength of some of the larger players diminishes buyer power to an extent. Th
3、e large players in this market benefit from scale economies and have the ability to compete more intensely on price. However, smaller companies can be successful in this market by specializing in particular product ranges. Rivalry in this market is being intensified by the current economic climate a
4、nd slowing growth of consumers discretionary disposable income. FIVE FORCES ANALYSIS South America - Jewelry they constitute some alternative to watches. However, as watches are also symbols of status and fashion as well as time pieces, it is unlikely that they will be completely replaced by other f
5、orms of time pieces. There is a moderate threat from substitutes overall in the jewelry and watches market. FIVE FORCES ANALYSIS South America - Jewelry the remaining are owned and operated by third parties. A few of these distribution centers also service Wal-Marts Sams Club for certain items. Duri
6、ng FY2009, these LEADING COMPANIES South America - Jewelry it also operates the website, . Wal-Mart operates 602 Sams Club (average store size of 132,000 square feet) in 48 US states. Sams Club serves both individuals and businesses. Sams Club offers bulk displays of brand name merchandise including
7、 hard goods, some soft goods, institutional-size grocery items, and selected private-label items under the Members Mark, Bakers the balance merchandize was shipped directly by the suppliers to the warehouses. Sams Club uses a combination of private fleet and common carriers to transport non-perishab
8、le merchandise from distribution centers to Sams Club. The international segment comprises wholly owned subsidiaries operating in Argentina, Brazil, Canada, Japan, Puerto Rico and the UK. Wal-Marts majority-owned subsidiaries operate in five countries Central America, Chile and Mexico; the companys
9、joint venture operation in India and China; and other controlled subsidiaries in China. The operating formats vary from country to country, and include discount stores (Canada and Puerto Rico), supercenters (Argentina, Brazil, China, Japan, Mexico, Puerto Rico and the UK) and Sams Clubs (Brazil, Can
10、ada, China, Mexico and Puerto Rico). To support the international segments retail operations, Wal-Mart utilizes a total of 146 distribution facilities located in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the UK an
11、d two export consolidation facilities in the US. Wal-Mart owns and operates 34 of these facilities and the remaining facilities are owned and operated by third party distributors. Wal-Mart distributes both import and domestic products to the international retail stores through these distribution fac
12、ilities. During FY2009, approximately 74% of the international segments purchases were shipped from these distribution facilities. Key Metrics The company recorded revenues of $408,214 million in the fiscal year ending January 2010, an increase of 1.7% compared to fiscal 2009. Its net income was $14
13、,335 million in fiscal 2010, compared to a net income of $13,400 million in the preceding year. LEADING COMPANIES South America - Jewelry Le Bon Marche; and Thomas Pink, a luxury shirt brand in the UK. The group also operates specialized stores including Solstice for sunglasses and Synchrony for wat
14、ches. The wines and spirits division produces and markets a range of champagnes, sparkling wines, still wines and other beverages. Moet Hennessy is the main subsidiary in this division. LVMHs champagne brands include Dom Perignon, Moet and Investir, a publisher of a French weekly financial newspaper
15、 and a monthly magazine. Desfosses International operates Victoire Multimedia, a financial and business data server providing companies with access to a range of multimedia services. The group also owns Connaissance des Arts, a monthly magazine that covers a variety of subjects ranging from painting
16、, sculpture and drawing to engraving, photography and architecture. Key Metrics The company recorded revenues of $23,712 million in the fiscal year ending December 2009, a decrease of -.8% compared to fiscal 2008. Its net income was $2,743 million in fiscal 2009, compared to a net income of $2,817 m
17、illion in the preceding year. Table 8: LVMH Moet Hennessy Louis Vuitton SA: key financials ($) $ million 2005200620072008 2009 Revenues 19,342.021,283.222,917.023,907.1 23,712.4 Net income (loss) 2,319.43,003.53,241.32,817.2 2,743.5 Total assets 39,008.040,025.942,745.743,908.2 44,643.8 Total liabil
18、ities 22,686.221,682.223,556.624,598.1 44,643.8 Employees 61,08864,25371,88577,087 77,300 Source: company filings D A T A M O N I T O R LEADING COMPANIES South America - Jewelry selective retailing; wines and spirits; perfumes and cosmetics; Christian Dior couture; watches and jewelry; and other and
19、 holding companies. The fashion and leather goods division manufactures and markets premium leather products. The key brands of the division include Louis Vuitton, Fendi, Donna Karan, Loewe, Marc Jacobs, Celine, Kenzo and Givenchy. Fendi has a network of 187 stores around the world. The selective re
20、tailing division operates a luxury goods distribution network for international travelers with an emphasis on the Asia Pacific region. Its primary store formats include duty-free and general merchandise concession stores, boutiques in leading hotels and resorts, and specialty stores. These stores ar
21、e located downtown in major cities near hotels and restaurants, and in major international airports. Selective retailings other key operations includes: Sephora, a cosmetics and fragrance retail chain; Le Bon Marche; DFS; and Miami Cruiseline, a premiere onboard retailer offering cruise ship passeng
22、ers luxury brands and exclusive products at tax and duty free savings. As on December 2009, Sephoras global network consisted of 986 stores in 23 countries. In addition, Sephora markets its product through a number of e-commerce websites including (the US and Canada), sephora.fr (France) and (Chin
23、a). Christian Diors wines and spirits division manufactures and markets a range of champagnes, sparkling wines, still wines and other beverages. Moet Hennessy is the main subsidiary of this division. The divisions key champagne brands include Moet & Chandon, Rose champagnes, Dom Perignon, Ruinart, L
24、EADING COMPANIES South America - Jewelry & Watches 0206 - 2417 - 2009 Datamonitor. This profile is a licensed product and is not to be photocopied Page 28 Veuve Clicquot Ponsardin, Krug, Estates & Wines, Chateau dYquem. The group offers cognac through its Hennessy brand and single malt whiskies unde
25、r Glenmorangie brand name. The perfumes and cosmetics division manufactures and distributes fragrances and cosmetics under various brand names including Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo and Make Up for Ever. Christian Dior couture division develops and markets a rang
26、e of high-end ready-to-wear, leather goods and jewelry collections. The division has approximately 237 retail point of sale as of December 2009. In addition, the group earns revenue through wholesale activities and license royalties. The watches and jewelry division includes TAG Heuer, a designer, p
27、roducer and marketer of Swiss sports watches and chronographs. The groups other brands include Hublot, Fred and Chaumet. Key Metrics The company recorded revenues of $24,675 million in the fiscal year ending December 2009, a decrease of -1.0% compared to fiscal 2008. Its net income was $966 million
28、in fiscal 2009, compared to a net income of $1,107 million in the preceding year. Table 12: Christian Dior SA: key financials ($) $ million 2005200620072008 2009 Revenues 20,240.322,270.423,979.424,936.0 24,674.6 Net income (loss) 859.31,108.21,223.61,106.8 966.4 Total assets 44,439.345,587.948,238.
29、245,012.2 47,611.1 Total liabilities 27,936.827,547.428,854.540,191.3 38,132.0 Employees 63,68366,90371,83480,343 67,114 Source: company filings D A T A M O N I T O R LEADING COMPANIES South America - Jewelry & Watches 0206 - 2417 - 2009 Datamonitor. This profile is a licensed product and is not to
30、be photocopied Page 29 Table 13: Christian Dior SA: key financials () million 2005200620072008 2009 Revenues 14,556.016,016.017,245.017,933.0 17,745.0 Net income (loss) 618.0797.0880.0796.0 695.0 Total assets 31,959.032,785.034,691.032,371.0 34,240.0 Total liabilities 20,091.019,811.020,751.028,904.
31、0 27,423.0 Source: company filings D A T A M O N I T O R Table 14: Christian Dior SA: key financial ratios Ratio 2005200620072008 2009 Profit margin 4.2%5.0%5.1%4.4% 3.9% Revenue growth 11.5%10.0%7.7%4.0% (1.0%) Asset growth 8.8%2.6%5.8%(6.7%) 5.8% Liabilities growth 4.1%(1.4%)4.7%39.3% (5.1%) Debt/
32、asset ratio 62.9%60.4%59.8%89.3% 80.1% Return on assets 2.0%2.5%2.6%2.4% 2.1% Revenue per employee $317,829$332,876$333,816$310,370 $367,652 Profit per employee $13,494$16,565$17,034$13,777 $14,399 Source: company filings D A T A M O N I T O R LEADING COMPANIES South America - Jewelry & Watches 0206
33、 - 2417 - 2009 Datamonitor. This profile is a licensed product and is not to be photocopied Page 30 Figure 14: Christian Dior SA: revenues & profitability Source: company filings D A T A M O N I T O R Figure 15: Christian Dior SA: assets & liabilities Source: company filings D A T A M O N I T O R MA
34、RKET FORECASTS South America - Jewelry & Watches 0206 - 2417 - 2009 Datamonitor. This profile is a licensed product and is not to be photocopied Page 31 MARKET FORECASTS Market value forecast In 2014, the South American jewelry & watches market is forecast to have a value of $4.7 billion, an increas
35、e of 44.1% since 2009. The compound annual growth rate of the market in the period 200914 is predicted to be 7.6%. Table 15: South America jewelry & watches market value forecast: $ billion, 200914 Year $ billion billion % Growth 2009 3.32.3 5.7% 2010 3.52.5 5.8% 2011 3.72.6 6.6% 2012 4.02.9 7.8% 20
36、13 4.33.1 8.5% 2014 4.73.4 9.2% CAGR: 200914 7.6% Source: Datamonitor D A T A M O N I T O R Figure 16: South America jewelry & watches market value forecast: $ billion, 200914 Source: Datamonitor D A T A M O N I T O R APPENDIX South America - Jewelry & Watches 0206 - 2417 - 2009 Datamonitor. This pr
37、ofile is a licensed product and is not to be photocopied Page 32 APPENDIX Methodology Datamonitor Industry Profiles draw on extensive primary and secondary research, all aggregated, analyzed, cross-checked and presented in a consistent and accessible style. Review of in-house databases Created using
38、 250,000+ industry interviews and consumer surveys and supported by analysis from industry experts using highly complex modeling & forecasting tools, Datamonitors in-house databases provide the foundation for all related industry profiles Preparatory research We also maintain extensive in-house data
39、bases of news, analyst commentary, company profiles and macroeconomic & demographic information, which enable our researchers to build an accurate market overview Definitions Market definitions are standardized to allow comparison from country to country. The parameters of each definition are carefu
40、lly reviewed at the start of the research process to ensure they match the requirements of both the market and our clients Extensive secondary research activities ensure we are always fully up-to-date with the latest industry events and trends Datamonitor aggregates and analyzes a number of secondar
41、y information sources, including: - National/Governmental statistics - International data (official international sources) - National and International trade associations - Broker and analyst reports - Company Annual Reports - Business information libraries and databases Modeling & forecasting tools
42、 Datamonitor has developed powerful tools that allow quantitative and qualitative data to be combined with related macroeconomic and demographic drivers to create market models and forecasts, which can then be refined according to specific competitive, regulatory and demand-related factors Continuou
43、s quality control ensures that our processes and profiles remain focused, accurate and up-to-date APPENDIX South America - Jewelry & Watches 0206 - 2417 - 2009 Datamonitor. This profile is a licensed product and is not to be photocopied Page 33 Industry associations World Gold Council www.gold.org W
44、orld Jewellery Association Via San Gottardo 15 - 6900 Lugano, Switzerland Tel.: 41 91 924 2903 Related Datamonitor research Industry Profile Global Jewelry & Watches Jewelry & Watches in North America Jewelry & Watches in Argentina Jewelry & Watches in Brazil Jewelry & Watches in Colombia APPENDIX
45、South America - Jewelry & Watches 0206 - 2417 - 2009 Datamonitor. This profile is a licensed product and is not to be photocopied Page 34 Disclaimer All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, m
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48、. ABOUT DATAMONITOR South America - Jewelry & Watches 0206 - 2417 - 2009 Datamonitor. This profile is a licensed product and is not to be photocopied Page 35 ABOUT DATAMONITOR The Datamonitor Group is a world-leading provider of premium global business information, delivering independent data, analy
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