Industry Analysis & Industry Trends
Over the past five years, the Photographic Equipment Retailing industry has been affected by tough trading conditions, with revenue expected to decline by an annualised 2.3% over the five years through 2013-14. Revenue has struggled due to declines in the average price of cameras, fierce competition from external players (such as general electrical stores and department stores), and growth in the volume of and demand for grey imports of camera products. The overall performance of the industry has also been driven by trends in real household disposable income, consumer sentiment, advances in product technology and features, and fluctuations in the number of domestic trips taken by Australian consumers. Industry revenue is forecast to post weak growth over 2013-14, rising by 0.4% to $705.0... purchase to read more
Industry Report - Industry Investment Chapter
The industry exhibits a low level of capital intensity. For every dollar spent on wages, $0.06 is spent on capital. As a retail industry, labour costs are an integral part of daily operating expenses. The cost of labour for operators is influenced by the number of people employed, the wage rate and the store's trading hours. 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