Home and garden specialist retailers particularly benefited from the pandemic-induced lockdowns in 2020 and 2021; despite the latter posting declines, value sales remained higher than pre-pandemic levels. As many state governments issued subsequent lockdown orders, many consumers took to small DIY projects around the home and garden, as they had greater time to dedicate to various chores.
One of the beneficiaries of the global pandemic has been home furnishing stores, as Australians were forced to change consumption habits for necessities. As consumers are increasingly opting for subscription services for entertainment such as Netflix and Spotify, the concept of subscription services for homewares and home furnishings as offered by Breeze Furniture which launched in Australia in 2021, is now being increasingly considered.
Prior to the outbreak of COVID-19, home and garden specialist retailers placed significant focus on the development of large selling spaces, expansive carports and extended opening hours. The pandemic has directed a new focus towards the digitalisation of their business operations as consumers become increasingly comfortable with shopping for big-item ticket items online.
While pandemic-induced border closures hampered local property sales to international buyers in 2020 and 2021, many Australians still struggled to break into the market because of rising house prices. As the country is easing international border restrictions, the property market is expected to grow again.
Going green has been at the top of many companies’ agendas and consumers are increasingly mindful of their environmental impact. The concept of sustainability is based on meeting the various needs of the present without compromising the possibilities of future generations.
While global vaccination rates are rising and the economy is slowly but steadily starting to emerge from the pandemic, in the wake of related bottlenecks, rising costs and demand, and increased need for products over services, it has caused a logistical nightmare for retailers. As lockdowns have been lifted, demand has rocketed and supply chains that were disrupted during the pandemic continue to face huge challenges and are struggling to bounce back.
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Understand the latest market trends and future growth opportunities for the Home and Garden Specialist Retailers industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home and Garden Specialist Retailers industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of homewares and home furnishing stores and home improvement and gardening stores. Business-to-business sales are excluded.See All of Our Definitions
This report originates from Passport, our Home and Garden Specialist Retailers research and analysis database.
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