Discount Department Stores in Australia - Industry Market Research Report

Discount Department Stores in Australia - Industry Market Research Report

Discount Department Stores in Australia

Discount department stores have battled for consumer shopping dollars in recent years. Despite having more income to spend on everyday items, consumers have remained uncertain about household finances and the wider economy. Along with cuts to household spending, consumers have turned to value shopping to make their dollar go further. Shifts in consumer shopping habits towards value shopping have driven sales industry-wide. This shift has also lured consumers to shop online in search of bargain prices and discounts. These pressures have led industry revenue to fall by an annualised 1.3% through the end of 2022-23, to $14.8 billion, including a decline of 5.4% in 2022-23 alone.

Retailers in this industry sell various consumer goods at discounted prices. Discount department stores typically purchase products from wholesalers and manufacturers and then sell these products to consumers.

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.