The retail industry is a critical component of Australia's economy, contributing around AUD $28 billion to the country's GDP, making up around 1.1% of the total GDP. The industry also employed over 1.2 million people, making up around 10% of the total employment in the country. In this article, we will explore the key statistics, factors contributing to its growth and success, each industry's growth and comparison to previous years, and key trends, including technological disruptions, challenges, and future outlook.
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Headcount
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Description
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AMP
5,630
+61 2 8234 5002 shares@amp.com.au
Beginning in 1849 as the Australian Mutual Provident Society, today AMP Limited is a retail wealth management and banking business supporting approximately 1.5 million customers across Australia and New Zealand. We offer expertise in financial advice, superannuation and banking to help people achieve their financial goals and create their tomorrow. For information on AMP products and services; Australia: Visit amp.com.au or call 133 888 within Australia New Zealand: Visit amp.co.nz or call 0800 267 111 within New Zealand Community guidelines: Please note, AMP has the right to remove any comment or material published to our page that we consider defamatory, offensive, unlawful, indecent, misleading, false, deceitful, profane, or threatening to users or the company. We will also delete comments that are negative or hateful towards race, sexuality, gender, ethnicity, religion, disability, age, social status, or education. Any public posts that include personal details will be deleted…
GOODMAN FIELDER
2,243
+65 6357 9850 cac@goodmanfielder.com.au
Goodman Fielder is a leading regional food company across Australia, New Zealand and Asia Pacific. We manufacture, package, distribute, market and sell a wide range of food products including bread, milk, cheese, chicken, flour, cooking oils, spreads, baking ingredients, ice cream and snacks. We boast a diverse portfolio of consumer brands that people know and love; including Meadow Fresh, Vogel’s, Helga’s, Wonder White, Praise, White Wings, CSR Sugar, Pampas, Puhoi Valley, Crest, Edmonds, Meadow Lea, Molenberg, Irvines and many more. For generations, millions of consumers have turned to our well known brands to deliver essential food items to them every day. Our leading product offering is supported by efficient distribution networks that enables delivery to over tens of thousands of outlets every day including supermarkets, dairies, service stations, cafes and restaurants. From filling your pantry to lining your plate; our products cover every eating occasion. At Goodman Fielder…
STOCKLAND
1,880
+61 498 976 039 privacy@stockland.com.au
For more than 70 years, we have been creating and curating communities with people at the heart of the places we create. As one of Australia’s largest diversified property groups, we are building on our legacy, helping more Australians achieve the dream of home ownership and creating places and spaces full of energy, soul and life - from residential and land lease communities, through to retail town centres, workplaces and logistics assets. Our purpose is central to everything we do, that we believe there is a better way to live.
TSA MANAGEMENT
685
+61 2 9276 1400 marketing@tsamgt.com
We are a group of people who manage, consult and partner with industry professionals to radically improve public and private utilities and infrastructure through projects both big and small. Sometimes we help build, other times we advise. We always collaborate for an outcome with a positive impact.
CHATIME AUSTRALIA
839
+61 2 9555 4433 orders@chatime.com.au
At Chatime were shaking tea up! Founded in Taiwan in 2003, Chatime has over 1,000 T-Breweries worldwide. In Australia since 2009, Chatime has quickly grown to over 100 T-Breweries across Australia. We are fast on our way to achieving 200 T-Breweries by 2020. Combining 30 years of tea production and a team of professional T-Masters, T-Legends and T-Ristas, weve modernised the traditional Taiwanese tea culture. Several key factors make a Chatime franchise attractive, including well-developed training programs, an exceptional retail audit system, product innovation, and a specialised management team. Chatime is committed to delivering consistently high quality tea with outstanding and efficient customer service. Chatime is experiencing exceptional growth at a rate of more than 80% during the past two years and is currently one of Australia’s fastest growing franchises. #ShakingTeaUp #ShakingBusinessUp
ICON
877
+61 1300 935 007 info.nsw@icon.co
Celebrating 160 years of success, Icon is a fully diversified builder delivering high quality buildings across Australia and New Zealand. Together, we are a team who stands for what we build. And a business that stands the test of time. The Icon business has expanded through a blend of strong organic growth, strategic mergers, acquisitions and investments. In 2015, Icon became part of Kajima Corporation, an $11 billion Japanese powerhouse with 17,000 employees across 20 countries, which gave it the financial strength that sets it apart in a competitive market. Now, the Icon Group comprises Icon Developments; Barpa, a proud and dynamic Australian indigenous construction company; Minicon, a construction company specialising in smaller and bespoke delivery of residential, commercial and institutional projects. Backed by our parent company, our financial and technical strength, depth of sector experience and capacity to deliver projects at various scales has propelled our business …
PICKLES AUCTIONS
555
+61 2 9704 6666 info@pickles.com.au
Pickles is Australia’s leading Auctioneer and Valuer, delivering exceptional service to our vendors and customers daily, while recognising our employees as our most precious asset. For over 50 years, Pickles and our people have forged a national reputation for integrity and high standards of business conduct. We have grown tremendously to become our nation’s largest privately owned and operated auction group. Established in 1964, we now span over 27 branches nationwide, including every capital city and employ over 1000 staff. The Pickles commitment is to maximise returns on assets put to sale, delivering excellence through our people, infrastructure and technology. Our services include valuations and asset appraisal, traditional and online auctions, onsite auctions, fixed price sales and tenders. We specialise in the auctioneering and sale of vehicles, trucks and earthmoving equipment, salvage vehicles, light industrial, mining, oil and gas, and recreational items. Last year Pickl…
CHARTER HALL
700
+65 3103 2015 reits@charterhall.com.au
We go further to help investors, businesses and communities achieve their aspirations. With over 30 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups. We use our property expertise to access, deploy, manage and invest equity across our core sectors – Office, Industrial & Logistics, Retail and Social Infrastructure. Operating with prudence, we’ve curated a diverse $69.1 billion property portfolio of 1,548 high quality properties. With partnership at the heart of our approach, we’re creating places that help grow communities; turning them into the best they can be and unlocking hidden value. Taking a long-term view, our $16.0 billion development pipeline delivers sustainable, technologically enabled projects for our customers. Charter Hall has also extended its Fund Management capability with a 50% investment in the listed equities Fund Manager Paradice Investment Management (PIM), which invests on behalf o…
THE APP GROUP
743
+61 2 9957 6211 enquiries@app.com.au
The APP Group is a Leader in Property and Infrastructure. As a trusted partner, we work together with clients and key stakeholders to create possibilities and shape progress, for the organisations themselves and the communities they serve. By providing best practice initiatives, services and advice, we deliver results that create lasting value. Our integrated services span the full asset capital investment lifecycle in the key sectors: Transport, Property, Social Infrastructure, Energy & Utilities and Defence. We provide market leading expertise and advice to help tackle Australia’s most complex projects and challenges, backed by our 550-strong nationwide team.
United Petroleum Pty Ltd (United) is an independent and successful Australian owned oil company. With its distinct blue, red and white colours, the United brand is a recognised company, which offers its customers premium quality fuels and competitive pricing. Operating in all states and territories in Australia we are engaged in: • Petroleum Retail • Convenience store retailing • Franchising • Wholesale of Petroleum products and LPG • Construction of service stations • Other building projects United operates a national network of over 320+ service stations and convenience stores and currently experiencing exciting growth. The organisations ability to deliver new innovative products, was evident when United became the first independent oil company in Australia to introduce ethanol enhanced fuel, such as PLUS ULP, BOOST 98, PREMIUM 98 and PREMIUM 100. In addition to Uniteds premium quality fuels, the recent launch of E85 will allow the company to remain as the number …
IVE GROUP
885
+61 2 9287 0303 info@ivegroup.com.au
IVE Group (ASX:IGL) is Australias leading holistic marketing company, generating revenues in excess of $700m and employing over 1,800 staff. With an unmatched breadth and depth of offering we guide clients from idea > execution. As marketing natives, we understand that for businesses who need to connect with their customers, the marketing landscape is becoming more complex. We help navigate the marketing maze, to connect our clients with customers. Wherever, whenever.
SYNERGY (ELECTRICITY GENERATION AND RETAIL CORPORATION)
758
+61 131353 dannylee@synergy.com.sg
As Western Australia’s leading energy generator and retailer, Synergy is an essential and trusted provider of electricity and gas. Utilising our diverse energy generation portfolio, Synergy supplies reliable and affordable energy to more than one million residential and business customers. Synergy owns and operates electricity generating assets, including thermal power stations, spanning from Kalbarri in the north, out to Kalgoorlie in the east and down to Albany in the south – an electricity network known as the South West Interconnected System (SWIS). Owned by the Government of Western Australia, Synergy proudly supports the people of Western Australia and plays an active role in the communities in which we operate. Synergy’s purpose is clear – to lead Western Australians to their intelligent energy future. For more information visit www.synergy.net.au.
VICINITY CENTRES
1,244
+61 3 7001 4000 feedback@vicinity.com.au
From Chadstone to Karratha, and Chatswood to Elizabeth, Vicinity’s 60+ destinations span the breadth of our great sunburnt country, enriching community experiences at every touchpoint. Our destinations serve as important hubs for our communities, whether it’s in housing essential grocery stores or pharmacies, offering Australia’s largest collection of luxury retail brands, or providing a spot to share a bite with family and friends with places to dine offering cuisine from every corner of the planet. We are at the forefront of our industry, challenging ourselves to create the future of Australian living. Our destinations are evolving, delivering on a mixed-use strategy to offer new experiences to maintain their market-leading positions. We’re on an exciting journey to build mini-cities, adding residential and hotel living, commercial office space and leisure activities to our leading retail and dining options. We manage over 2.5-million square metres of leasable space and with such…
TEEG
344
+61 2 9409 3600 enquiries@teeg.com
Positioned as one of the worlds largest Family Entertainment and Edutainment Centre groups with leading operations in the Asia Pacific region. TEEG operates across 7 countries with over 250 locations and growing. The group consists of the brands: Timezone, ZONE BOWLING, Kingpin, Timezone Play ‘N’ Learn and Timezone Air Jointly owned by Quadrant Private Equity and the Steinberg family. TEEG is looking to invest in the growing opportunity in the Leisure and Learning space throughout Australia and Asia. Quadrant Private Equity is one of the leading private equity firms with a track record of successful investments since its inception in 1996. Quadrant has extensive investment experience, having led 59 investments in the past 7 funds (with 51 exits) across a range of sectors including retail, healthcare, media, consumer foods, financial services and other sectors. Quadrant’s investors include leading Australian and global superannuation funds, investment funds, and sovereign wealth funds…
TOTAL TOOLS
712
+61 2 4956 0000 onlinesupport@totaltools.com.au
Total Tools has been passionately servicing Australia for more than 30 years. We stock the widest range of the world’s biggest professional tool brands so you can be confident you will find exactly the tool you need to get your job done. Need a solution to your problem? At Total Tools we KNOW TOOLS and our experienced team are all too willing to offer professional advice and service with knowledge unrivalled within the industry. Our teams’ ability to provide solutions to your problems firmly establishes Total Tools as the market leader in professional tool retailing for those who use tools for a living. Are tools you use unique or specialised? If you can’t find what you need in the Total Tools Online Store we have more than 20,000 products in our stores day to day with access to over 60,000 products nationwide. Need it fast? At Total Tools we know how important tools are to you and your living and our web site now provides the ability for you to shop anywhere, anytime. We can deliver …
BAY AUDIO AUSTRALIA
255
+61 1800 229 283 enquiries@bayaudio.com.au
Bay Audio is a specialist provider of diagnostic and rehabilitative treatment and cutting edge advice for the general public and industry professionals about hearing loss and prevention. Bay Audio has over 100 stores across Australia.
Sigma is a leading Australian full line pharmacy wholesale and distribution business. Sigma also has one of the largest pharmacy network in Australia, with over 1,200 branded and independent stores, including some of Australia’s best known pharmacy retail brands: Amcal, Discount Drug Stores and PharmaSave. We attract talented people and have a dedicated and focused workforce achieving high performance levels for our customers, suppliers and other stakeholders. This is supported in the market place by our brand positioning, innovative and compelling retail offers, an excellent product and service range, and differentiated wholesale service model. Safety Reporting & Medical Enquiries: To report adverse events, side effects and medical enquiries, please call 1800 331 792 or email us at medicalenquiry@sigmahealthcare.com.au Please include details about the product(s), the adverse event or side effect and your contact details. Please do not provide information about another individual un…
CROSSMARK AUSTRALIA
381
+61 3 9819 8400 paul.gardiner@crossmark.com.au
CROSSMARK connects brands to shoppers through field solutions such as merchandising, field sales teams, brand ambassadors, mystery shopping and more. We specialise in delivering smarter solutions that help brands grow faster, and more efficiently with data-driven deployment. With a strong client service team and an experienced field force, CROSSMARK provides a flexible, collaborative and innovative approach to activating strategies in retail. We are a strategic partner to our clients, not just a field service provider. We have been helping some of the most powerful brands in the world reach – and exceed – their goals and objectives. Whether you’re looking for short-term tactical support or strategic retail deployment, well work with you to develop a flexible, efficient and cost-effective solution to suit your requirements. CROSSMARK Australia is a DKSH|Smollan company which allows us to tap into a global network of agencies (Smollan, Advantage Solutions) & businesses to better sup…
RETAIL FOOD GROUP
419
+61 7 5591 3242 rfga@rfg.com.au
RFG is a global food and beverage company headquartered in Queensland. It is Australia’s largest multi-brand retail food franchise owner and a roaster and supplier of high-quality coffee products. The Company also operates in the dairy processing sector. For more information about RFG visit: www.rfg.com.au
AXI
359
+61 1300 888 936 service@axi.com
Axi is a global, multi-regulated broker, trusted by thousands of customers in over 100 countries. We help traders, trading businesses, banks & financial organisations find the edge they need to achieve their financial goals. At Axi, we are proud of our impeccable reputation. Our multiple awards & ‘Great‘ reviews on Trustpilot prove how our customers value our outstanding, secure, and fast service. The Axi brokers consist of: • AxiCorp Financial Services Pty Ltd (ACN 127 606 348) is authorised & regulated by the Australian Securities and Investment Commission (ASIC) in Australia with licence no 318232 and the Financial Markets Association (FMA) in New Zealand with licence no 518226. Its website is https://www.axi.com/au • AxiCorp Financial Services Pty Ltd Dubai Branch is also regulated by the Dubai Financial Services Authority (DFSA) in Dubai Ref No: F003742. Its website is https://www.axi.group/ae-en • Axi Financial Services (UK) Ltd (company no. 6050593) is authorised & regulated …
Top Retail Companies in Australia
Factors Contributing to the Growth and Success of the Retail Industry
The growth and success of the retail industry in Australia can be attributed to several factors. One of the most significant factors is the country's growing population, which has led to increasing demand for goods and services.
Another factor contributing to the growth of the retail industry is the government's focus on creating a favorable environment for investment. The government has taken several initiatives to attract foreign investment, such as reducing corporate taxes, simplifying regulatory frameworks, and offering incentives to foreign investors.
Growth and Comparison of Each Industry in the Retail Sector
The retail industry in Australia comprises several sub-sectors, including food and beverage, clothing and footwear, and household goods. The food and beverage sector is the largest sub-sector, accounting for around 40% of the industry's total revenue, followed by clothing and footwear (30%) and household goods (30%).
In 2022, the food and beverage sector in Australia saw strong growth, driven by increasing demand for groceries and dining out. The clothing and footwear sector also saw growth due to increasing consumer confidence and the easing of pandemic restrictions. The household goods sector, on the other hand, saw a decline in revenue due to reduced demand caused by the pandemic.
Key Trends, including Technological Disruptions
The retail industry is continuously evolving, and several technological disruptions are changing the way businesses operate. One of the most significant technological disruptions is the adoption of digital technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain. These technologies have the potential to transform almost every industry, enabling businesses to become more efficient, productive, and competitive.
Another key trend in the retail industry is the increasing focus on sustainability. Many companies are now focusing on sustainability as a key driver of their business strategy, incorporating environmental, social, and governance (ESG) factors into their decision-making processes.
Challenges Facing the Retail Industry
Despite the growth and success of the retail industry in Australia, it is facing several challenges. One of the most significant challenges is the ongoing pandemic. The pandemic has disrupted global supply chains, increased costs, and reduced demand for many products and services. The pandemic has also led to increased competition, as many companies are struggling to stay afloat in the current environment.
Another challenge facing the industry is the increasing pressure on margins. The industry is highly competitive, and companies are under pressure to reduce prices to remain competitive. This is putting pressure on profit margins and reducing the returns on investment.
Future Outlook for the Retail Industry
The outlook for the retail industry in Australia is uncertain. While the industry is expected to continue to grow in the long term, the ongoing pandemic and increasing competition are likely to impact the industry in the short term.
To sustain growth in the long term, the industry will need to address the challenges it faces, such as the ongoing pandemic and increasing competition. The industry must also keep up with the pace of technological change and ensure that businesses are equipped to take advantage of new opportunities. One potential area for growth in the retail industry is through e-commerce. With the increasing adoption of digital technologies, many consumers are now shopping online, creating new opportunities for businesses to reach customers and expand their market.
Conclusion
In conclusion, the retail industry in Australia is a critical component of the country's economy, contributing around AUD $28 billion to the country's GDP and employing over 1.2 million people. The industry is facing several challenges, including the ongoing pandemic and increasing competition, but it is expected to continue to grow and evolve in the coming years. The industry's success will depend on its ability to address the challenges it faces, stay at the forefront of technological change, and prioritize sustainable practices.