In the past year, the top 20 mall chains in Australia have seen some of their most impressive growth, according to the latest data released by the Australian Retailers Association.
Read moreThe top 20 chains, based on the retail sales in the country, grew by 17 per cent in the last quarter of 2016, with the three big names, Wal-Mart, JB Hi-Fi and the Sydney-based Coopers and Lybrand among the biggest winners.
The top five chains saw their growth accelerate by 26 per cent.
The big winners in the top ten are Woolworths, Woolworth, The Salvation Army and Woolworth Supermarket.
But in the mid-term, the big winners are all but gone, with all three of the biggest chains in the industry falling out of the top five.
The ARA has published a report titled Australia’s Top 20 Mall Chains in 2017, which includes a comparison of the number of stores in each of the country’s 20 largest malls.
The report says the number one brand in the five largest malls in Australia is the Australian department store chain, with 11,800 stores, while the other five brands in the 20 largest chains are the chain’s parent company, Woolies, with 7,600 stores.
The big winners, however, are the two largest chain, Woolmans and the three largest department store chains, The Haldor and JB, with just over 7,000 stores each.
Woolworths has a strong foothold in the larger mall market, with more than 20,000 store in the big 10 malls in Sydney and Melbourne, compared with only 2,700 in the small mall market.
The company’s sales have been strong, however.
The company’s total sales in Australia increased by 15 per cent last year, compared to an average annual gain of 1.6 per cent over the previous decade.
Wal-Mart and Coopers are the biggest players in the bigger mall market with 7.5 million stores and 2.4 million workers in the 10 largest malls, while The Salvation Arm has 1.9 million stores, and JBs has 1 million stores.
Other major chains include The Supermarket, JH Midas and The Greens, and The Warehouse, the small department store owned by the company, which has just over 2,000 outlets.
The three big department store operators are The Salvation War, JKH and the Haldors.
The biggest growth in store sales came in the department store market, where the number three brand, JBs, has seen its sales grow by 28 per cent, compared, to, for example, a 1.2 per cent average growth rate, and an 8.5 per cent gain over the past 10 years.
The only other big brand in that category is The Greens.
“The Salvation Army’s strong performance in the recent period has driven its growth in the large department store category,” the ARA said.
“In terms of the big four department store companies, the Salvation Army is in a strong position with 7 per cent growth over the last 10 years, and its store growth is also stronger than the average for the big five companies.”
Its stores are in great shape with over 9 million employees and a very high level of customer satisfaction, and the company is well positioned to continue to grow in the future.
“Read moreWal-mart has had its share of troubles this year, but is on course to regain its crown, according the AOA.
The biggest winners for the next decade are the three major department store groups. “
This is due to a number of factors, including a restructuring plan to focus on the value chain, a focus on higher quality goods and a shift away from higher cost products to more affordable options.”
The biggest winners for the next decade are the three major department store groups.
Woolworth has been growing at a solid pace, with 2.6 million stores in the four largest malls and 2 million workers.
JB and JKHI have seen growth of 11 per cent and 11 per per cent respectively, while JB Supermarkets has grown by 18 per cent to 2.5m stores.
Coopers and Lynds has also seen a big lift, growing by 15 to 7 per million dollars.
“Its growth has come primarily from its growing presence in the discount and department store segment,” the association said.
The Australian Retail Council said the data was an indication that the sector is on the cusp of a “major change in the retail landscape”.