What is the Kitchen and Cookware Stores industry?
The industry is expected to operate in the mature stage of its life cycle over the 10 years through 2021-22. Industry value added, which measures an industry's contribution to the overall economy, is projected to rise by an annualised 1.3% during this period, compared with annualised growth of 2.5% in Australian GDP. As a result, the industry is projected to underperform the wider economy during this period. This is a characteristic of an industry in the mature stage of its life cycle. While enterprise numbers are not projected to change during the period, establishment numbers are likely to post a modest increase. This is likely due to the opening of new stores by incumbent operators, limiting new entrances into the increasingly crowded industry... purchase to read more