Discount department stores have battled for consumer shopping dollars in recent years. Despite having more income to spend on everyday items, consumers have remained uncertain about household finances and the wider economy. Along with cuts to household spending, consumers have turned to value shopping to make their dollar go further. Shifts in consumer shopping habits towards value shopping have driven sales industry-wide. This shift has also lured consumers to shop online in search of bargain prices and discounts. These pressures have led industry revenue to fall by an annualised 1.3% through the end of 2022-23, to $14.8 billion, including a decline of 5.4% in 2022-23 alone.Counter measures: Stores are boosting their online presence to tap into the online shopping craze
Retailers in this industry sell various consumer goods at discounted prices. Discount department stores typically purchase products from wholesalers and manufacturers and then sell these products to consumers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Wesfarmers Limited
- Woolworths Group Limited
Methodology
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