New Zealand Hardware and Building Supplies Retailing Market Report 2024: Confidence Building - Rising Downstream Demand will Scaffold Revenue into a Return to Growth [Yahoo! Finance]
WESFARMERS LTD UNSP/ADR (WFAFY)
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wesfarmers.com.au/investor-centre
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Source: Yahoo! Finance
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. Merchants in the Hardware and Building Supplies Retailing industry have contended with mixed, fluctuating and ultimately unfavourable trading conditions. Within this, the number of households in New Zealand has increased, which has expanded the industry's customer base. Further, capital expenditure on residential buildings and demand from house construction have both risen, signifying heightened DIY renovation activity. However, sharp declines in consumer sentiment have outweighed these gains. Industry revenue is expected to drop at an annualised 3.0% over the five years through 2022-23, to $7.4 billion. A slump in the consumer sentiment index and a deterioration in demand from house construction is anticipated to contribute t
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