Download free sample Order new solution

Principles of Financial Management

Industry Description

1. The retail industry is a major contributor to the Australian economy. It totals around 4.1 per cent of the GDP and 10.7 per cent of the employment is provided bu them. The profit varies around 70 per cent combining all of the retail business and the remaining 28 per cent are in losses. In 2010, the average return on the capital of the retail industry was 24 per cent. The retail sales have comparatively decreased in recent times. This is due to short-term and cyclical factors like consumer buying patterns as they are spending less on retail products and focusing on multiplying their money[1].

The top competitors for JB Hi-Fi are many. They are mentioned chronologically[2]

1. Harvey Norman Holding Ltd with 5420 employees in its workforce and a turnover of $1Billion
2. TransWorld Entertainment Corporation with 1200 employees in its workforce and a turnover of $....