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 - Starting a New Business Chapter
Prospective entrants to the industry are subject to moderate barriers to entry. Significant market share, brand loyalty and consumer shopping habits enjoyed by existing players operating in the industry may hinder the success of prospective entrants. Unlike new entrants, existing industry players have established a reputation and built a relationship with consumers via their product range and customer service. These factors act as hurdles for new industry players who must establish their own brand awareness and loyalty among consumers.
Competition within the industry also affects the likelihood of success for new entrants. Competition is primarily price-based, due to limited product differentiation among brands and the price-conscious nature of consumers towards staple products... purchase to read more