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 - Industry SWOT Analysis Chapter
The Kitchen and Cookware Stores industry is in the mature stage of its life cycle. Products and services in the industry are well defined and well developed. Slight technological changes are expected to change how operators approach consumers in the next five years. This will mostly come in the form of online stores and mobile shopping. Several operators have already established a strong online presence and generated significant growth from their online segments. Peter's of Kensington, for instance, enjoyed strong growth in the past 10 years on the back of their burgeoning online store. Despite this, revenue from online activities is not counted towards the industry.
IBISWorld estimates that industry value added will grow at an annualised 2.0% in the 10 years through 2018-19... purchase to read more