Personalisation in the gift market
Say my name, say my name If you’re a retailer who sells jewellery and gift items, you have an opportunity to maximise your revenue if only you’d get personal, and there’s serious heft in the personalised giftware market. Although the personalised gift and jewellery market is fragmented, collectively it is estimated to be worth more than £1 billion annually in the UK. That figure places this market in the same category as promotional goods. Customisable products have been a trend across retail for a few years, but the trend is only getting stronger - and enjoying particular vigour in the jewellery and giftware segments. Globally, the demand for personalised gifts is growing at 9% per annum. Personalisation is the way forward A survey run by YouGov three years ago, researching the trend for customisable wares, discovered some surprising findings: The demographic most inclined to purchase personalised gifts is 35 - 44 year old women Overall, men spend more than ...