Market Overview:
The global department stores retailing market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for clothing, furniture, home appliances and other products from department stores. Department stores are witnessing an increase in their customer base due to the convenience they offer in terms of one-stop shopping for a variety of products under one roof. In addition, department stores are also offering customized services and loyalty programs to attract customers. The global department stores retailing market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into clothing, furniture, home appliances and others segments. The clothing segment accounted for majority share in 2017 owing to rising demand for apparels from both men and women across different age groups. On the basis of application, corporate chains accounted for majority share in 2017 as these chains offer discounts and other promotional offers which help them attract consumers towards their store outlets.
Product Definition:
Department stores are retail establishments that sell a wide range of merchandise, including clothing, furniture, home appliances, and cosmetics. They are usually larger than other types of stores and offer a wider variety of items. Department stores play an important role in the economy by providing jobs and generating tax revenue. They also help to promote economic growth by attracting tourists and shoppers from other areas.
Clothing:
Clothing is an article of personal protective equipment that is designed to cover the body. It can be worn for functional or aesthetic purposes. The global retail sales in clothing exceed USD 1,600 billion and are growing at a CAGR of XX% annually. The rise in disposable income coupled with changing consumer lifestyle has led to increased spending on clothes and apparel which drives the market growth factor significantly.
Furniture:
Furniture is an integral part of any retail store. It helps in creating a perception of the overall appearance and also provides a feeling of substance to the overall display. Furniture selection is an important aspect while establishing a new retailing store, especially if it's a furniture or home décor based business.
Application Insights:
The corporate chain segment held the largest market share of more than 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing preference for uniformity across various offices, organizations and institutions. Corporate chains offer a wide range of products including furniture, electronics, appliances and clothing under one roof which helps customers save time while shopping as everything is available within seconds from different departments such as home furnishing accessories & mattresses; office supplies; fashion jewelry & watches; beauty care products etcetera.
The independent department store (IDS) category was valued at USD 37 billion in 2017 owing to their ability to provide personalized service along with convenience that cannot be matched by large-sized retail stores or corporate chains operating on a national level.
Regional Analysis:
North America dominated the global retailing industry with more than 35.0% share of the overall revenue in 2017. The U.S., being a developed economy, has witnessed significant growth in e-commerce over the past few years, which is expected to continue over the forecast period as well owing to increasing internet penetration and changing shopping patterns of consumers due to hectic work schedules and growing consumer awareness about online shopping among others.
Asia Pacific is expected to witness substantial growth at a CAGR exceeding 7.5% from 2018 to 2030 owing herringbone pattern popularity across countries such as China, Japan, South Korea.
Growth Factors:
- Department stores are evolving to meet the needs of modern shoppers. They are offering more personalized service, unique experiences, and a wider range of products.
- Department stores are benefiting from the growth of online retailing. Shoppers can now buy anything they want online, and department stores offer a convenient one-stop shop for all their needs.
- Department stores are expanding their reach into new markets around the world. This allows them to tap into new sources of revenue and growth potential.
- Department store chains are consolidating, giving them greater scale and bargaining power with suppliers and manufacturers. This helps them to offer better prices and products to shoppers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Department Stores Retailing Market Research Report
By Type
Clothing, Furniture, Home Appliances, Others
By Application
Corporate Chains, Independent Department Stores, Others
By Companies
Kohl's, Dilard's, Macy's, Belk, Neiman Macus, Sak Incorporated, Burlington Coat Factory, JCPenny, Sears Holdings, Bon-Ton Stores
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Department Stores Retailing Market Report Segments:
The global Department Stores Retailing market is segmented on the basis of:
Types
Clothing, Furniture, Home Appliances, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Corporate Chains, Independent Department Stores, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kohl's
- Dilard's
- Macy's
- Belk
- Neiman Macus
- Sak Incorporated
- Burlington Coat Factory
- JCPenny
- Sears Holdings
- Bon-Ton Stores
Highlights of The Department Stores Retailing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Clothing
- Furniture
- Home Appliances
- Others
- By Application:
- Corporate Chains
- Independent Department Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Department Stores Retailing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Department stores are retail establishments that specialize in selling a wide variety of goods, including clothing, cosmetics, home furnishings and appliances.
Some of the key players operating in the department stores retailing market are Kohl's, Dilard's, Macy's, Belk, Neiman Macus, Sak Incorporated, Burlington Coat Factory, JCPenny, Sears Holdings, Bon-Ton Stores.
The department stores retailing market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Department Stores Retailing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Department Stores Retailing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Department Stores Retailing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Department Stores Retailing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Department Stores Retailing Market Size & Forecast, 2018-2028
4.5.1 Department Stores Retailing Market Size and Y-o-Y Growth
4.5.2 Department Stores Retailing Market Absolute $ Opportunity
Chapter 5 Global Department Stores Retailing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Department Stores Retailing Market Size Forecast by Type
5.2.1 Clothing
5.2.2 Furniture
5.2.3 Home Appliances
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Department Stores Retailing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Department Stores Retailing Market Size Forecast by Applications
6.2.1 Corporate Chains
6.2.2 Independent Department Stores
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Department Stores Retailing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Department Stores Retailing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Department Stores Retailing Analysis and Forecast
9.1 Introduction
9.2 North America Department Stores Retailing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Department Stores Retailing Market Size Forecast by Type
9.6.1 Clothing
9.6.2 Furniture
9.6.3 Home Appliances
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Department Stores Retailing Market Size Forecast by Applications
9.10.1 Corporate Chains
9.10.2 Independent Department Stores
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Department Stores Retailing Analysis and Forecast
10.1 Introduction
10.2 Europe Department Stores Retailing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Department Stores Retailing Market Size Forecast by Type
10.6.1 Clothing
10.6.2 Furniture
10.6.3 Home Appliances
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Department Stores Retailing Market Size Forecast by Applications
10.10.1 Corporate Chains
10.10.2 Independent Department Stores
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Department Stores Retailing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Department Stores Retailing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Department Stores Retailing Market Size Forecast by Type
11.6.1 Clothing
11.6.2 Furniture
11.6.3 Home Appliances
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Department Stores Retailing Market Size Forecast by Applications
11.10.1 Corporate Chains
11.10.2 Independent Department Stores
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Department Stores Retailing Analysis and Forecast
12.1 Introduction
12.2 Latin America Department Stores Retailing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Department Stores Retailing Market Size Forecast by Type
12.6.1 Clothing
12.6.2 Furniture
12.6.3 Home Appliances
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Department Stores Retailing Market Size Forecast by Applications
12.10.1 Corporate Chains
12.10.2 Independent Department Stores
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Department Stores Retailing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Department Stores Retailing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Department Stores Retailing Market Size Forecast by Type
13.6.1 Clothing
13.6.2 Furniture
13.6.3 Home Appliances
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Department Stores Retailing Market Size Forecast by Applications
13.10.1 Corporate Chains
13.10.2 Independent Department Stores
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Department Stores Retailing Market: Competitive Dashboard
14.2 Global Department Stores Retailing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kohl's
14.3.2 Dilard's
14.3.3 Macy's
14.3.4 Belk
14.3.5 Neiman Macus
14.3.6 Sak Incorporated
14.3.7 Burlington Coat Factory
14.3.8 JCPenny
14.3.9 Sears Holdings
14.3.10 Bon-Ton Stores
