Industry Analysis & Industry Trends
On first glance, the Bread and Cake Retailing industry seems to be struggling. Industry revenue is expected to post compound annual growth of just 0.4% over the five years through 2013-14 due to increasing competition from operators in other industries. However, revenue has grown consistently since 2011-12. Rising disposable incomes and improving consumer sentiment have driven revenue growth. Furthermore, many retailers have altered their product offerings in response to increasing competition. Rising demand for premium products that attract higher prices and profit margins has driven industry performance over the past three years. This premium trend will continue to benefit the industry in 2013-14, with revenue forecast to increase by 1.2% to $795.5 million... purchase to read more
Industry Report - Industry Locations Chapter
Bread and cake retailers have historically been located along suburban street shopping strips, neighbouring other retailers and benefiting from increased exposure to consumer traffic. Little has changed over time, with many retailers still opting for shopping street strips over standalone premises.
However, the evolution and popularity of shopping centres capable of housing numerous retail stores during the 1960s brought with it a new wave of locations for industry retailers. Operators discovered that by being located in shopping centres, stores were effectively able to increase sales purely due to a higher volume of passing pedestrian traffic. The majority of establishments are located in shopping strips, largely due to major chains Donut King and Michel's Patisserie... purchase to read more