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Consumer Goods Retailing in Australia - Industry Market Research Report

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    Report

  • 66 Pages
  • November 2023
  • Region: Australia
  • IBISWorld
  • ID: 4062092

Shopping around: Revenue has declined as easing restrictions increase external competition

The Consumer Goods Retailing subdivision has faced an unpredictable retail landscape. Most notably, the COVID-19 pandemic has triggered vast economic uncertainties and intermittent trading restrictions. Yet, these challenging circumstances have also spurred unexpected growth. Amid travel bans and closed eateries, consumers have shifted their expenditure from hospitality and travel to retail consumer goods. This transition has helped boost our subdivision's revenue at an annualised rate of 2.2% over the past five years, reaching an anticipated $239.0 billion by 2023-24. Still, with COVID-19 restrictions now lifted and consumption patterns rebounding, a 4.7% revenue drop is expected in 2023-24. High inflation and cash rate hikes will also limit consumers' purchasing power and willingness to spend on consumer goods.

Subdivision operators sell personal and household items such as clothing, furniture, appliances, computers and garden supplies. The subdivision does not include revenue from sales of food, fuel, alcohol or motor vehicles, or online-only retail.

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

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Wesfarmers Limited

Methodology

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