Retail Management: Potential Size and Profitability of Australian and Nepalese Retail Sector

Running head: RETAIL MANAGEMENT
RETAIL MANAGEMENT
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RETAIL MANAGEMENT1
Executive Summary
Retail management is the development which allows clienteles to obtain the expected
commodities from the retail provisions for their finale use. Retailers of late are facing rapid
changes in their segments from dealing physical stores which are no longer important to the way
digitisation can result in re-employment as well as re-deployment of employees. The Australian
retail industry is recognised as one of the most imperative companies, thus deviations to
employment within it shows lesser inclination of affecting considerable number of employees
over the potential years. Australia's Retail Sales augmented around 3.7 % Y-o-Y in 2018,
compared with a 3.7 % upsurge in the former year. Conversely, Nepal is recognized as
prosperous market with substantial growth opportunities. Nepal retail sector is growing by
around 15% which is higher than international growth rate averaging around 2-3% (Price 2016).
But Nepal is yet to attain the position which Australia has already attained. The report has
evaluated possible size and profitability of retail industry, potential issues facing the retail
industry and cultural aspects affecting retailing in Nepal & Australia.

RETAIL MANAGEMENT2
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Structural Difference between Australian and Nepalese Retail Sector.......................................3
Australian Retail Making Major Contribution to its economy....................................................3
Australian Retail industry share of GDP and service is falling...................................................4
Potential size and profitability of Australian Retail Sector.........................................................5
Potential size and profitability of Australian Retail Sector.........................................................6
Potential size and profitability of Retail Sector of Nepal............................................................7
Challenges Faced by Australian and Nepalese retailers..............................................................7
Industrial relation laws posing threats to Australian retailers.....................................................9
Cultural aspects affecting retailing in Australia and Nepal.......................................................10
Conclusion.....................................................................................................................................12
References......................................................................................................................................13

RETAIL MANAGEMENT3
Introduction
Retail management is known as the process which enables customers to procure the
expected merchandise from the retail stores for their end use. Retailers recently are encountering
rapid changes in their sectors from managing physical stores which are no longer essential to the
way digitisation can result in re-employment and re-deployment of employees (Chernev and
Hamilton 2018). The Australian retail industry is recognised as one of the major employers, thus
changes to employment within it shows lesser propensity of affecting substantial number of
employees over the prospective years. Australia's Retail Sales increased around 3.7 % Y-o-Y in
2018, compared with a 3.7 % increase in the previous year. Australian retail sector is segmented
based on product category, supply network and market dynamics. Furthermore, Australian retail
sector registered an increase rate of 5%, 3%, and 2.6% in New South Wales, Victoria as well as
South Australia (Bayly, Scollo and Wakefield 2015). On the other hand, Nepal is recognized as
thriving market with substantial growth opportunities. Nepal retail sector is growing by around
15% which is higher than international growth rate averaging around 2-3% (Price 2016). The
report will evaluate potential size and profitability of retail industry, potential issues facing the
retail industry and cultural aspects affecting retailing in Nepal & Australia.
Discussion
Structural Difference between Australian and Nepalese Retail Sector
Australian Retail Making Major Contribution to its economy
The Australian retail sector is identified as one of the major employers staffing nearly 2.2
million of working populace in 2017-2019. The market law which directly impacts on market