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Duty-Free Stores in Australia - Industry Risk Rating ReportPublished by: IBISWorld Published: Apr. 19, 2008 - 18 Pages Table of Contents
Industry Definition & Activities Industry Risk Score Risk Rating Analysis STRUCTURAL RISK Barriers to Entry Basis of Competition Domestic and International Markets Industry Assistance Life Cycle Industry Volatility GROWTH RISK Recent Growth Analysis Forecast Growth Analysis SENSITIVITY RISK Real Household Disposable Income Consumer Sentiment Index Tourism - Short-Term Arrivals: Total INDUSTRY RISK AND INDUSTRY RISK SCORING METHODOLOGY What is Industry Risk? The Industry Risk Scoring Methodology Risk Rating Score Definition AbstractIndustry Risk Ratings SynopsisThis Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the Duty-Free Stores in Australia industry. Industry Risk is assumed to be 'the difficulty, or otherwise, of the business operating environment'. The report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk), risks arising from the expected future performance of the industry (growth risk) and risk arising from forces external to the industry (external sensitivity risk). This approach is new in that it analyses non-financial information surrounding each industry. Industries are scored on a 9-point scale, where 1 represents the lowest risk and 9 the highest. The Industry Risk score measures expected Industry Risk over the coming 12-18 months. Industry Definition This industry is part of the Retail Trade division in Australia. Operators in this industry retail a broad duty free goods to inbound and outbound international travellers. These products are purchased from domestic or international wholesalers. Industry operators then retail these goods, through their stores to international travellers for private use. Duty free stores are essentially warehouses licensed and controlled by federal government Customs and Excise legislation. These warehouses are permitted to operate as retail outlets to sell customable and excisable goods to international sea and airline travellers. An outward duty free store is a warehouse authorised for sale of goods to departing international travellers.These stores sell predominantly to air travellers and are situated both on and off international airports. Off-airport outward duty free store may also sell to travellers departing by sea. An inward duty free store is a warehouse authorised to sell only alcoholic beverages, tobacco products and perfumes to arriving international (both Australian and overseas residents) travellers. These shops are situated on airports at a point before the arriving international travellers present themselves to customs for clearance. It is important to note that those entities which primarily operate in the sale of goods covered by this industry to domestic residents who are not travelling overseas are excluded from this industry. ANZSIC definition: This class consists of units mainly engaged in retailing duty free goods via duty free stores. |
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