Manchester Retailing in Australia - Industry Market Research Report

Manchester Retailing in Australia - Industry Market Research Report
Manchester Retailing in Australia

The Manchester Retailing industry has navigated a challenging trading landscape marked by a combination of the lingering COVID-19 pandemic's impact, and escalating competition from department stores and online retailers. These circumstances have exerted pressure on revenue and profit margins. Over the five years through 2023-24, revenue is expected to climb at an annualised 2.3% to reach $3.2 billion. This growth can be attributed to the shift towards online shopping and increased demand for materials like face masks during the pandemic. Higher consumer sentiment, as consumers become more confident about the domestic economy's stability, has driven revenue up by an anticipated 1.6% in 2023-24.

The industry involves retailing household textiles like bed linen, cushions and curtains. These products are purchased from manufacturers and wholesalers and sold to the general public through bricks-and-mortar stores or online channels. However, businesses that operate solely online are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.