“The Future of Retailing in Australia to 2017” is based upon an extensive, cross-country, industry research program which brings together Canadean”s research, modelling, and analysis expertise in order to develop uniquely detailed market data. It provides detailed quantitative analysis of past and future trends – crucially providing retail sales data not just by channel and by product, but showing product sales through different channels. This allows marketers interested in retailing to determine how to account for the development of retail trade overall and to know which channels are showing growth for which products in the coming years. It aims to capture the shift to new channels depending on the country, the effects of recession, and shifting consumer behaviour; thereby providing timely, highly comparable analysis of the retail markets. Data sets are provided for 2007 through to 2017, with actuals being provided for 2012. All initial market sizing and analysis is conducted in local currency in order to ensure local trends are reflected in the data before conversion into other currencies.
What is the current market landscape and what is changing?
The retail market in Australia grew at a CAGR of 3.33% from 2001-12 and is expected to grow at a CAGR of 4.04% from 2012-17
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What are the key drivers behind recent market changes?
Consumers have been reacting to the effects of the global recession and the following recovery period on their discretionary spending – retail markets have been no exception. While the country by country market changes have varied, nowhere has been left totally untouched. This report quantitatively examines the components of change in the market by looking at historic and future growth patterns – how changes in consumers” behaviour have affected the retail sector for different product categories and channels.
What makes this report unique and essential to read?
This report provides detailed data on the size and development of retail sales of individual product types through specific retail channels and formats in Australia. It provides a detailed and comprehensive quantitative analysis of the trends affecting market development through both historic and forecast data.
Key Features and Benefits
Detailed category coverage is provided, covering 25 products, across eight product groups that include: Apparel, Accessories and Luxury Goods, Book, News and Stationery, Electricals and Electronics, Food and Grocery, Furniture and Floor Coverings, Home and Garden Products, Music, Video and Entertainment Software, and Sports and Leisure Equipment.
Detailed channel coverage is provided, covering 17 products, across four channel groups that include: General Retailers, Specialist Retailers, Value Retailers, and Online Retailers.
Forecasts allow marketers to understand the future pattern of market trends, from winners and losers to category and channel dynamics, and therefore quickly and easily identify the key areas in which they want to compete in the future.
Key Market Issues
The aim of the Carbon Tax policy is to make polluters pay per ton, for the carbon released by them into the atmosphere. The largest polluters have to pay $23 per ton of greenhouse gas emissions until rates are revised in 2015. This tax has impacted the retail sector in Australia.
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Key Highlights
General retailers was the largest channel group with hypermarkets, supermarkets and hard-discounters recording the highest sales among the various channels under the general retailers channel group during review period. The convenience stores (including independents) and gas stations channel recorded the second highest sales.
There has been an increase in the number of international fashion retailers that have entered the Australian market in the past 2-3 years. International retailers compete with local players on the basis of their international retail experience with economies of scale achieved, a wider range and better quality of products, and lower prices.
According to IPA (Institute of Public Affairs, Australia) report, there has been an increase of approximately 98% in Australian expenditure on in house brands from $9.96 billion in 2008 to $19.7 billion in 2012. This increase in expenditure has resulted in supermarkets increasing the number of in house brands available for sale.
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