2014-04-02 05:37:00 - Retail in Australia: ISIC 52 - a new market research report on companiesandmarkets.com
Industry expands 33% over review period to reach A$119.4 billion in 2012. Stronger value consciousness among consumers due to greater role of e-commerce in retail industry; online retail develops fastest. Food, beverages and tobacco account for only 10% of industry´s total earnings; beauty and personal care goods generate 22% of total turnover in 2012.
Fewer than 1% of largest companies generate 49% of total industry turnover in 2012; 85% of smallest businesses generate only 22%. Slower 4% average growth expected over forecast period; foreign online retailers to maintain strong competitive pressure on local traders.
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