Industry Analysis & Industry Trends
The Photographic Equipment Retailing industry has faced tough trading conditions, with revenue expected to decline by an annualised 4.9% over the five years through 2014-15. Revenue has struggled due to declines in the average price of cameras, fierce competition from external players (such as general electrical and department stores), and growth in the volume of and demand for grey imports of camera products. Trends in real household discretionary income, consumer sentiment, advances in product technology and features, and international travel by Australians have also driven overall industry performance. Industry revenue is expected to decline over 2014-15, decreasing by 5.2% to $650.0 million... purchase to read more
Industry Report - Industry Investment Chapter
The industry exhibits a low level of capital intensity. For every dollar spent on wages, $0.08 is spent on capital. As a retail industry, labour costs are an integral part of daily operating expenses. The number of people employed, the wage rate and the store's trading hours influence the cost of labour for operators. Store staff are required to undertake a range of tasks including customer service, inventory control and store display.
Capital expenditure for operators includes the purchase of cash registers, POS systems, store fixtures and fittings. The use of computerised systems across the industry that provide a link between suppliers and retailers has improved efficiency for operators and enabled players to better manage their store stock levels... purchase to read more