Information On Retail Franchises
Australia’s retail industry is varied and full of opportunity, with many of the most iconic brands you interact with on a daily basis operating as franchises.
With more than 77,000 retailers operating within the country, it is an area where there is an opportunity for business people of every taste.
Of course, an ability to adapt is quintessential if you are someone who is considering taking thisroute into entrepreneurship, as the world of commerce and indeed, retail, is changing.
For instance, according to the National Australia Bank, online retail increased by 10 percent to $17.6 billion in 2015.
Here are some other facts and trends about Australia's retail space which may be of interest to potential franchisees.
- According to the Australian Bureau of Statistics, there are currently more than 77,000 retailers operating within the country.
- It is projected that employment within the retail industry will grow until 2023.
- Food retailing represents 40 percent of overall retail trade.
If you would like to hear more about retail franchise opportunities, contact Franchise Direct today.