2014-02-14 22:55:04 - Furniture and Homewares Stores in Australia - a new market research report on companiesandmarkets.com
Retailers in the Australia furniture stores market have experienced tough competition from supermarkets. Consumers appreciate the convenience of buying homewares offerings, such as dinnerware or kitchenware, alongside their grocery shop. Cost-conscious consumers also appreciate the low unit prices found in supermarkets.
Homewares retailers have experienced tough competition from supermarkets. Consumers appreciate the convenience of buying homewares offerings, such as dinnerware or kitchenware, alongside their grocery shop. Cost-conscious consumers also appreciate the low unit prices found in supermarkets.
IKEA Pty Ltd and Fantastic Furniture Ltd will perform well over the forecast period, as their value for money proposition resonates well with cost sensitive consumers. The channel will see consolidation as independents lose out to larger players. The larger players, such as Fantastic Furniture
and Steinhoff Pty Ltd, benefit from economies of scale, and bigger promotion and advertising budgets.
- Furniture and homewares stores see revenues grow by 3% to A$7.4 billion in 2012
- Consumers preparing meals at home maintain demand in homewares and furniture stores
- Spotlight Stores Pty Ltd leads in revenues with a 9% value share in 2012
- Furniture and homewares stores is expected to grow by a 2% CAGR in constant value terms over the forecast period
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