Industry Analysis & Industry Trends
Furniture retailers are expected to experience a challenging market over the five years through 2012-13, with sales falling by an annualised 0.4%. Trading conditions across the furniture market have been affected by volatility in the house construction market and fluctuations in disposable income, consumer sentiment and interest rates. The overall performance of furniture retailers during this period has also been affected by continued competition between industry players and also from external operators, namely department stores.
Industry revenue is forecast to grow by 1.3% to $8.03 billion in 2012-13. Consumer demand for furniture goods is expected to be driven by growth in disposable incomes of 3.4%... purchase to read more
Industry Report - Industry Locations Chapter
Driven by population levels and income distribution, New South Wales is estimated to account for the majority of industry establishments, followed by Victoria and Queensland. At the lower end of the scale, the Northern Territory and the Australian Capital Territory account for 1.0% respectively. A number of factors including market competitors, growth in population levels and the establishment of new residential estates has continued to affect the positioning of new stores as has the construction of home maker centres whereby lighting stores are located next to furnishing and bedding stores... purchase to read more