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 Analysis Chapter
The performance of kitchen and cookware stores in Australia has been mixed in the past five years. Industry revenue suffered during 2008-09 as a weak economy eroded consumer confidence and deterred people from spending. Operators quickly turned the situation around and revenue started rising in subsequent years, except in 2012-13 when consumers became cautious again due to instability in financial markets. This quick recovery can partly be attributed to the increasing preference to cook and dine at home as opposed to eating out. A steady increase in the total number of dwellings in Australia also bolstered spending on kitchen and cookware items, as people need to furnish their newly built kitchens. IBISWorld estimates revenue will grow by 2.7% during 2013-14 to reach $796.8 million... purchase to read more