Industry Analysis & Industry Trends
Kitchen and cookware stores in Australia have dished out hot and cold results during the past five years. Industry performance deteriorated in 2008-09 as weak economic conditions eroded consumer sentiment and household spending. Despite this, demand was bolstered by a strong uptake in cooking activities by Australians thanks to the popularity of various TV cooking programs and the desire to cook and eat more healthily. As older people tend to cook more of their meals at home, an ageing Australian population is expected to have driven revenue growth in the industry as well. These factors are expected to drive revenue growth of 2.7% in 2013-14.
Australians have been spending more on their houses and kitchens... purchase to read more
Industry Report - Starting a New Business Chapter
Prospective entrants to the Kitchen and Cookware Stores industry face medium levels of barriers to entry. The most significant barrier is the negotiation of strategic store locations, most likely in large shopping centres and shopping districts that have high rent. This is highly important for kitchen and cookware stores as store traffic is one of the key factors of success. However, the ideal location may be difficult to find in this mature industry as the relatively high number of stores makes it difficult for new entrants to find a base of expansion. However, retail storefronts typically require a low level of fixed capital investment and there is not yet any large significant player in the market, potentially giving new entrants a chance to target new markets... purchase to read more