The Consumer Goods Retail subdivision has struggled with tough retail conditions over the past five years. Early in the period, weak economic growth and volatile consumer sentiment due to instability in financial markets led to a tense time for subdivision operators, as households scaled back expenditure on non-essential goods. The household savings ratio increased, indicating that consumers were exercising greater caution with their spending. Consequently, subdivision revenue is expected to decline by an annualised 1.1% over the five years through 2014-15, to total $153.5 billion.
Consumer goods retailing covers the sale of personal and household items such as clothing, furniture, appliances, computers and garden supplies. This subdivision does not include revenue from the sale of food, fuel, alcohol or motor vehicles. Retailers purchase stock from manufacturers or wholesalers and then sell these products to the public. Although online sales generated by traditional retailers are included in the subdivision, revenue earned by online-only retailers is excluded.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.