Industry Analysis & Industry Trends
Sport and camping equipment retailers are expected to have run a tough race over the five years through 2012-13, with industry sales projected to grow by an annualised 0.5%. The overall trading landscape for industry operators has remained slow during this period due to the challenging retail market and reduced spending levels. Consumer demand for sporting and camping equipment was affected by trends in sports participation, leisure time availability, fluctuations in real household disposable income, consumer sentiment and interest rates. Continued competition on industry operators by players external to the industry also affected the ability of businesses to generate sales and post a profit.
Industry sales are expected to rise by a modest 1.3% to $4.15 billion in 2012-13... purchase to read more
Industry Report - Starting a New Business Chapter
Entry into the retail market for sport and camping equipment is relatively unhindered. Prospective operators are draw to the industry due to is low start-up costs and expansive product market. While the day-to-day running of operations in this industry are considered to be mainly labour intensive, prospective operators still require substantial capital to enter the industry. Initial capital requirements include franchise fees or the cost of establishing a new store (cost of fit-outs, capital stock). Prospective operators may be hindered from entering the industry through the difficulty in finding suitably sized premises. Operators also need to consider the location of the store and ensure that customer parking needs are catered for... purchase to read more