News summary
[CITIC Securities: A series of changes are taking place in the gold and jewelry chain industry] Securities Times e Company News, CITIC Securities Research reported that looking forward to 2024, the gold and jewelry industryonecasinonodepositThe growth of gold jewelry is still mainly due to the increase in sales of gold jewelry; while against the background of high gold prices, sales of gold jewelry are expected to be completed.onecasinonodeposit...
Newsletter text
[CITIC Securities: A series of changes are taking place in the gold jewelry chain industry] According to Securities Times e Company, CITIC Securities Research reported that looking forward to 2024, the growth of the gold jewelry industry will still mainly come from the growth of gold jewelry sales; while the gold price is high. Against the background, it is expected that the sales amount of gold jewelry will not increase significantly, and the volume perspective may even fluctuate. A series of changes are taking place in the gold jewelry chain industry: 1) Advances in technology have brought about changes in the quality of design;2) The number of local young designers has gradually increased;3) A group of outstanding operation and marketing talents have crossed the border from the FMCG field such as cosmetics, bringing a series of new ideas such as e-commerce, consumer insight, and content marketing;4) The online proportion has increased, and the two-line linkage: small, beautiful, and high-margin gold jewelry is launched online, driving offline sales. In the future, high-quality leaders will continue to increase market share by opening stores and increasing individual store sales, and increase the gross profit contributed by a single gram/single store to increase profitability.