in apparel
Keys are among the top 4 items lost most frequently. As a result, consumers actively seek out accessories like key chains, rings, and finders to organize and locate their keys.
So, here's why a retailer should pay attention to this category:
While retailers can tap into the direct consumer market, there’s a golden opportunity for wholesalers as well. How?
Retail demand for such accessories means wholesalers can scale up inventories and drive considerable growth in this category.
From chic key chains to high-tech finders, this category is all about utility, style, and tech.
And growth in this segment comes down to two things:
Here’s what’s trending:
With 73% of shoppers looking for products that resonate with their identity, pre-designed keychains with common personal preferences can hit the mark.
Consider zodiac signs like ‘Aries”, name initials like “A to Z”, symbols like “Captain America’s shield”, and fictional characters like “Baby Yoda” from the Star Wars Disney TV series.
Also, when it comes to keychains, their appeal lies in having a mix of branded and budget-friendly options in your lineup.
And remember, for keyrings, materials like stainless steel and titanium are the preferred choices for their durability.
Gone are the days of misplacing keys and spending hours looking for them.
Modern key finders using Bluetooth or radio frequency have made finding lost objects easier with a simple tap on a smartphone app.
Remember, the best key finders are compact, loud, durable, and have a far reach.
Keychains have evolved from mere key holders to multi-functional accessories.
Many come with mini tools, mirrors, or other add-ons that increase utility.
Consider the versatility:
According to Statista, 27.4% of total revenue will be generated through online accessory sales by 2023.
This means establishing your online presence will help you cater to the accessories market as well as unlock a dual revenue channel for your business.