Hardware and Building Supplies Retailing Industry in Australia
The Hardware and Building Supplies Retailing Industry in Australia has experienced moderate growth in the past 5 years. The trend is expected to continue at a rate of 2.7% through 2019, reaching an estimated $21.6 Billion. IBISWorld market research reports that significant changes in large big-box operations entering and leaving the industry as major players has caused structural changes to the industry. Competition has involved to promoting hardware and building supplies.
With the slowdown in the real estate sector, homeowners are turning in greater numbers opting for do-it-yourself projects rather the purchasing new homes. Individual owners tend to enjoy online sales and have sparked online sales causing an explosion of online sales and DIY projects. Industry leaders have turned to promoting these highly profitable trending projects. Sales have skyrocketed for tools, supplies and materials. Companies like Ambler Direct are one of many Australian companies working to earn your business, meeting your needs with the highest quality customer care. They service all areas of the industry, including DIY projects.
According to the Australian Government business sector, businesses in this industry sell hardware, timber and building products, including tools, bathroom and kitchen accessories, paint and garden supplies. Statistics show that the average cost per item sold is 88%. Product cost is an average of 62%, labor costs of 14%, 6% for property rent or acquisition with the balance for transportation, advertising and other costs. Smaller business pay slightly more on average with larger big box stores trying to use their purchase …
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