yes but prices are likely lower due to significantly lower labour costs and energy etc in the USA. The overall margins are similar to WOW and COL here, which suggests merely cost of business and a small margin applied in Australia is similar to the USA. With Australia simply having a high cost of inputs compared to the USA. High cost of doing business is Australia is nothing new, it’s why we have almost no manufacturing here anymore.
USA also significantly different market to Australia. Ie many many cities compared to a few large cities in Australia. Hence a new competitor will often struggle to come in given the few large cities already dominated with location and logistics setup.
WOW...radical thought...stick to RETAILING, page-236
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