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Department Stores in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Department Stores Market Research Report | ANZSIC G4260 | Jan 2017

On the line: Increasing competition from online retailers has constrained revenue growth

IBISWorld’s Department Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 12-17
1.0%
Annual Growth 17-22
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Profit
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Employment
99,491
Businesses
138
Industry Analysis & Industry Trends

Operators in the Department Stores industry have struggled over the past five years due to a weak retail environment and low consumer sentiment, which followed instability in global financial markets. Consumers have become increasingly price conscious and reluctant to spend their discretionary income, instead preferring to pay down debt and boost their savings. Industry revenue is expected to grow by an annualised 1.0% over the five years through 2016-17, to total $19.5 billion. Uncertain economic conditions and weak consumer sentiment in 2016-17 are expected to contribute to a subdued 1.0% increase in industry revenue, as households constrain discretionary spending.

The Department Stores industry is highly concentrated, with the top four players accounting for 93.1%... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Department Stores industry is highly concentrated, with the top four players accounting for 93.1% of industry revenue. Major players in the industry have numerous retail outlets throughout Australia, both in metropolitan and regional areas. Considerably high barriers to entry ensure that industry concentration remains strong, as major players use economies of scale to achieve and maintain profitability. Department stores require large amounts of retail space in numerous locations to compete effectively in the Australian market. Such retail space is extremely difficult to secure, which keeps competitors out of the industry. The industry is in the mature stage of its life cycle, and there has been some merger and acquisition activity over the past five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Department Stores Industry?

Department stores retail fabrics, soft goods, clothing, chinaware, glassware, housewares, perfumes, cosmetics, toiletries, furniture and household appliances. Goods are normally sold through separate instore departments. Department stores purchase products from wholesalers and manufacturers and sell them to consumers, generally without changing the products. They also undertake activities like customer service, product merchandising, advertising, inventory control and cash handling.

Industry Products
Clothing, footwear and accessoriesHousehold appliances and consumer electronicsFurniture, housewares and textile goodsCosmetics and toiletriesToys and gamesBooks, magazines and other printed materialOther products
 
Industry Activities
Department store operationClothing, footwear and accessories retailingFurniture retailingKitchenware, china, glassware and other housewares retailingTextile goods retailingElectrical, electronic and gas appliances retailingPerfumes, cosmetics and toiletries retailing


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