Non-wallet money accessories’ sales up 13%: Report | Accessories News USA
Home » News » Trims News » Non Wallet Money Accessories Sales Up 13 Report

Non-wallet money accessories’ sales up 13%: Report

Share: 
      Newsletter

READ MORE ON Accessories News USAHoliday SeasonMarket Report

Small Handbag

Image Courtesy: purseblog.com

Sales for non-wallet money accessories increased 13 per cent to almost US $ 23 million in the 12 months ending on October 2016, as per the report by The NPD Group, global information company.

The report underlined that women’s small and mini-sized handbags sales grew 2 per cent offsetting the overall decline in women’s handbag sales, and dollar sales rose 3 per cent. Lower price point money accessories (under US $ 75) contributed the most growth to the category.

Small accessories are natural gifts and smaller sizes with lower price tags will increase the opportunity for self-gifting this holiday season, as well as filling stockings, as per the company.

Also Read – Online apparel & accessories sales to see 20% boom

“Consumers are realizing that they don’t need to carry everything with them at all times. The desire to simplify and streamline is made easier with the prevalence of electronic payment and loyalty membership app options – consumers can consolidate most of those cards that used to fill their wallets onto their mobile phones,” said Beth Goldstein, Executive Director and Industry Analyst, Accessories and Footwear, The NPD Group, Inc. 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Kingbird introduces high tenacity polyester yarn

Chinese yarn and thread manufacturer, Kingbird has created a high tenacity polyester yarn for North American and European markets. Suitable for technical textiles...

Coats’ Signal reflective tape enhances visibility in night

Coats Group plc, the world’s leading industrial thread and consumer textile crafts business, has added in its portfolio Coats Signal, a range of...

Coats launches AS threads for outdoor apparel

Coats Group plc, the world’s leading industrial thread and consumer textile crafts business, always comes up with new products and innovations to deliver...

Kingbird introduces ‘Standard 100 Oeko-Tex’ certified yarns and threads

China-based leading yarns and threads manufacturer, Kingbird, has introduced Oeko-Tex Standard 100 Certified yarns and threads. The manufacturer has already been certified with ATC,...

A&E launches eco-friendly industrial sewing thread in collaboration with Unifi

American & Efird (A&E), a global leader in industrial sewing thread manufacturing, has announced the official launch of an industry first, REPREVE® recycled core spun industrial sewing thread, Perma Core® using REPREVE...

Madura Coats launches Coats Permess Studio

Madura Coats, part of Coats, the world’s leading industrial thread manufacturer, in collaboration with Permess International has opened a Coats Permess Studio in...

Talon International to host exhibition in Los Angeles

Talon International Inc., a major global supplier of zippers, apparel fasteners, trim and stretch technology products, has announced that it will hold an...

Madeira unveils metallic embroidery thread – FS40

Metallic threads provide an unmatched look when used in embroidery. But, despite its great aesthetic value and enhancing designs feature, most of the...

Coats’ Red Heart yarn brand wins ‘Women’s Choice Award’

The Women’s Choice Award has honoured industrial thread manufacturer Coats as America’s most recommended yarn brand. The award, given to the company’s Red...

Bangladesh accessories exporters demand cash incentives

Garment accessories exporters in Bangladesh are demanding cash incentives from the Government to flourish their exports. The issue was raised by Bangladesh Garment...