Australia Retail Report - Business Monitor International - Industry Reports

Australia Retail Report

Australia Retail Report - Business Monitor International - Industry Reports
Australia Retail Report
Published Aug 13, 2016
66 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Sweden-based IKEA has announced that it is developing a platform for online sales in Australia, which it plans to launch by the end of ----. The retailer is also on target to launch its new IKEA store adjacent to the Westfield North Lakes shopping centre in Brisbane by the year s end. ...The retailer is also on target to launch its new IKEA store adjacent to the Westfield North Lakes shopping centre in Brisbane by the year s end. Following the collapse earlier this year of the Dick Smith electrical goods retail business and the closure of all stores and loss of -,--- jobs, the firm s online business was acquired by e-commerce retailer Kogan.com and relaunched in May ----. Subscription-based homewares retailer Temple & Webster forecast that annual revenue would likely be -- below the AUD--.-mn forecast in its prospectus, and that its underlying trading losses are likely to be more than AUD-.-mn in ----. ...The company also announced that its Guardian Pharmacy brand is seeing -- growth in new store numbers this year. We forecast that food and non-alcoholic drink spending in Australia in ---- will exceed the AUD---bn mark for the first time, although the weakening Australian dollar (and strengthening US dollar) means that we expect a decline to be seen in US dollar terms.

...BMI View: The Australian retail sector looks set to remain robust, with significant investment in shopping centre development and high number of retailers planning to enter the market by the end of ----. The reinstatement of the country s coalition government for a second term is unlikely to significantly improve Australia s business environment and economic growth prospects over the coming years, but cheaper borrowing will help stimulate spending in a number of important sub-sectors, with housing and utilities witnessing the strongest growth. ...BMI View: The Australian retail sector looks set to remain robust, with significant investment in shopping centre development and high number of retailers planning to enter the market by the end of ----. The reinstatement of the country s coalition government for a second term is unlikely to significantly improve Australia s business environment and economic growth prospects over the coming years, but cheaper borrowing will help stimulate spending in a number of important sub-sectors, with housing and utilities witnessing the strongest growth. ...

...All information contained in this publication is copyrighted in the name of Business Monitor International Ltd, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. ...

...Spending on housing and utilities, the largest retail sub-sector, will continue outperforming other categories. After minimal growth in ---- and falling by -.-- in ---- and -.-- in ----, spending in this segment will grow by -.-- in ---- and -.-- in ---- in US dollar terms, by our forecasts. ...

  
Source:
Document ID
2058-0894
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Australia Retail Report" Aug 13, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Australia-Retail-Report-2026-1689>
  
APA:
Business Monitor International - Industry Reports. (2016). Australia Retail Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Australia-Retail-Report-2026-1689>
  
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