LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent retail market in Australia report until 2020. This research report also lists 23 other prominent vendors that are expected to impact the market during the forecast period.
With only 16% of the global top 250 retailers currently operating in the Australian market, there is high potential for international players to enter the market. “In 2015, top international players such as H&M registered revenue sales increase of over 60% compared to its previous year. Similarly, the sales of Zara increased to around 25% by value sales in the year that ended on January 2016,” says Poonam Saini, a lead retail goods and services analyst at Technavio.
Competitive vendor landscape
The retail market in Australia is highly competitive and fragmented due to the presence of both international and local players operating across the country. With the rising competition, vendors are bringing in innovative products to meet the changing consumer demands and to increase their customer base. The competition is expected to intensify during the forecast period, with the entry of several new players, price wars, and mergers and acquisitions.
The online retail platform will play a key role in the growth of the retail market in the coming years. The depreciation of the Australian dollar will be another key factor and can act as a market challenge.
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Top five retail market vendors in Australia
ALDI Stores offers products in various categories. The product offerings of the company include biscuits, breads, breakfast foods, cakes, canned products, electronics, fresh meat, frozen foods, processed foods, rice, soft drinks, chips, cheeses, chocolates, and dairy products. Such diversified product offerings enable the company to increase its customer base.
JB Hi-Fi serves as home consumer products retailer through its wholly-owned subsidiaries and offers a wide range of consumer electronics, movies, car sound systems, standalone music systems, electrical goods, and game consoles. The company sells its products through physical stores and online through www.jbhifionline.com.au. With a strong network of stores across the country, the company intends to strengthen its position in the retail market.
Metcash operates as a marketing and distribution company and serves independent retail grocery stores, liquor distribution centers, and cash and carry warehouses.
The company has strong distribution that enables the delivery of products to more than 10,000 retail premises. The company has five Metcash distribution centers and nine smaller distribution centers in regional areas. The strong distribution network enables the company to deliver products in-time and thus help it in gaining new retail.
Woolworths operates as specialty and discount department stores, supermarkets, and liquor and electronics stores in Australia and New Zealand. It operates through five segments: Australian food, liquor, and petrol; New Zealand supermarkets; general merchandise; hotels; and home improvements segments.
The company has taken several strategic initiatives to strengthen its position in Australia. In June 2015, the company launched Woolworths Connect, a new telecommunications service offering.
Wesfarmers owns and operates retail chains and engages in manufacturing and distributing fertilizers and chemicals.
The company has strong retail operations that give it a competitive edge over its competitors. It operates 2,417 retail outlets in Australia and New Zealand. It is also planning to increase the number of stores across all segments in 2016 and 2017. Such a strong retail presence will enable the company to increase its customer base.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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