Industry Analysis & Industry Trends
The Hardware and Building Supplies Retailing industry has performed strongly over the past five years. Industry revenue fell in 2009-10 and 2010-11 due to subdued expenditure on private homes, but has since returned to growth in 2012-13 and 2013-14, boosted by positive consumer sentiment and greater expenditure on DIY renovations and home improvement projects. An undersupply of affordable housing and rising housing prices have also contributed to this growth, as it has become extremely expensive and time consuming for homeowners to upgrade to bigger and better homes. As a result, many homeowners have been deterred from moving, 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 dollar spent as 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. The industry uses point of sale (POS) systems that read product barcodes. This technology has simplified labour tasks and minimised levels of human error... purchase to read more