U.S. Watch and Clock Market Could Top $9.5 Billion by 2010

The U.S. watch and clock market dropped 3.7 percent between 2001 and 2005, to $8.6 billion in retail sales, partly because of competition from other devices that tell time. But it should rebound to more than $9.5 billion, a 10.6 percent increase, by 2010, says Packaged Facts, a leader in consumer goods research, in the seventh edition of its “Watches and Clocks in the U.S.” report. Watches slipped 4.9 percent between 2001 and 2005, to $7.6 billion on about 90 million units. The Packaged Facts report says the U.S. watch and clock market has faced “extraordinary circumstances” since 2001. It notes that cell phones, personal digital assistants (PDAs), cable boxes, laptops, personal computers, iPods, DVD players, and fax machines “provide all the time readouts one needs.” Such devices— along with the services that go with some of them—also siphon consumers’ discretionary

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