9. Appendix F - Economic Impact Assessment

Trade Supplies


  i.     Given the nature of the products sold within the Australian large format retail market, stores operating
         within the sector primarily serve two separate customer segments, being:

          Residents purchasing products for personal or non-business related uses, such as tools and building
            equipment to refurbish their home, or plants and soil for landscaping their garden. This customer
            segment is commonly referred to as the ‘retail customer.’

          Businesses or tradespeople purchasing supplies for business related uses, such as a builder
            purchasing supplies to renovate a customer’s home. This customer segment is commonly referred
            to as the ‘trade customer.’

  ii.    The majority of large format retail stores would serve a residential customer base, with trade sales
         typically accounting for less than 10% of store sales. There are, however, a range of other tenants in
         the non-retail space such as Reece Plumbing and the like which have a high proportion of sales from
         the trade sector. Trade sales, therefore, would also contribute to sales at the subject Noosa Marketplace
         site.

  iii.   Tourists and trade sales in combination, therefore, are likely to account for 10% - 20% of demand
         depending on the types of tenants that locate at the site.




         Noosa Marketplace, Queensland
         Economic Impact Assessment                                                                          39
         May 2019