Industry Analysis & Industry Trends
Kitchen and cookware stores in Australia have dished out hot and cold results in the past five years. Industry performance deteriorated during 2007-08 and 2008-09 as weak economic conditions eroded consumer sentiment and with it consumer spending. Despite this, demand was bolstered by a strong uptake in cooking activities by Australian thanks to the popularity of various cooking programs on TV 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 this industry as well. Revenue grew during 2009-10 and 2010-11 due to these factors.
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