Industry Analysis & Industry Trends
The Hardware and Building Supplies Retailing industry has performed strongly over the past five years. Revenue is estimated to increase at a compound annual 3.8% over the five years through 2014-15. After subdued expenditure on private homes in 2009-10 and 2010-11, revenue growth has since returned due to rising consumer sentiment and greater expenditure on DIY renovations and home improvement projects. An undersupply of affordable housing and rising housing prices have contributed to this growth, as it has become extremely expensive and time consuming for home owners to upgrade to bigger and better homes. As a result, these home owners have been deterred from moving house, seeking instead to improve their existing homes through DIY renovations... purchase to read more
Industry Report - Industry Investment Chapter
The industry displays a low level of capital intensity. In 2014-15, for every $1.00 spent on wages, an estimated $0.09 is invested in capital. The industry is typically labour intensive, with employees required to undertake a variety of tasks such as assisting customers with their purchases, processing transactions, stocking shelves, displaying merchandise and tracking inventory.
Capital expenditure is required on fixtures and fittings such as display shelves, computer systems and cash registers. Over the last decade, this industry has introduced point of sale (POS) systems that read product barcodes. This technology is expected to have simplified labour tasks and minimised levels of human error... purchase to read more