Based on the most recent (FY2020) annual report of an Australian company listed on ASX, Adairs Limited (ADH), analyse

Environment and Industry Analysis, including

Discussion of the environment:

1) identify the economic or other relevant factors,

2)discuss how these factors affect the company's operating environment, and

3) explain how the trends in these factors affect the company in the future.

Discussion of competitive forces within an industry using the five forces framework.