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Department Stores - Global Strategic Business Report Product Image

Department Stores - Global Strategic Business Report

  • Published: April 2009
  • Region: Global
  • 514 Pages
  • Global Industry Analysts, Inc

This report analyzes the worldwide markets for Department Stores in US$ Million. The market for Department Stores in this report is analyzed by the following product segments: Apparel & Footwear, Furniture, Electronics, Cosmetics and Personal Care, Homeware, and Others. The report provides separate comprehensive analytics for USA, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual forecasts are provided for each region for the period of 2006 through 2015. A five-year historic analysis is also provided for this market. The report profiles 357 companies including many key and niche players worldwide such as Arcandor AG, Arnotts Ltd., Beales PLC, Debenhams Plc, Dillard's, Inc., DWW Woolworth Germany GmbH & CO. Kg, El Corte Inglés SA, Fenwick, GALERIA Kaufhof GmbH, Groupe Galeries Lafayette, House of Fraser Ltd., Isetan Mitsukoshi Holdings Ltd., JC Penney Company, Inc., John Lewis Plc, Kohl's Corporation, Macy's, Inc., Marks & Spencer Group Plc, Maxeda BV, Nordstrom, Inc., Saks Fifth Avenue, Sears, Roebuck & Company, Stockmann Plc, Takashimaya Company, Limited, and UPIM SpA. Market data and analytics are derived from primary and secondary READ MORE >

DEPARTMENT STORES
A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Apparel & Footwear I-3
Furniture I-4
Electronics I-4
Cosmetics and Personal Care I-4
Homeware I-4
Others I-4

II. Executive Summary

1. Global Market At A Glance II-1
Market Highlights II-1
Sales to Spiral Down in 2009 II-1
Trends Across World Markets II-2
The US - Declining Consumer Spending and Struggling Mid-range
Players II-2
Japan - A Unique Declining Market II-2
Europe - On the Same Path II-2
Asia-Pacific (Excluding Japan) - Sales to Slow Down II-2
Market Watch: 2008 II-2

2. Market Dynamics II-4
The Growth Engines II-4
Reliance on Apparel and Footwear II-4
Loss of Premium and Designer Brands II-4
Price Depreciation II-4
Global Mall Developers Eye US Luxury Department Stores II-4
Losing Share to Other Retail Formats II-5
Key Growth Drivers II-5
Player Expansions II-5
Industry Consolidation II-5
Investment to Increase Shopping Experience II-5

3. Department Stores - An Insight II-6
The Assortment II-6
Apparel & Footwear II-6
Furniture II-6
Electronics II-6
Cosmetics and Personal care II-6
Homeware II-6
Others II-6
Types of department stores II-7
Upscale Department Stores II-7
Mid-Scale Department Stores II-7
Discount Stores II-7
Business Environment II-7
Risk Factors II-8
Competition II-8
Table 1: Leading Department Stores Worldwide (2002 & 2006):
Breakdown of Value Sales for Sears, Macy's,, JC Penney,
Kohl's, El Corte Inglés, Marks & Spencer and Takashimaya
(includes corresponding Graph/Chart) II-9
Thriving Strategies II-9

4. Recent Industry Activity II-10
Isetan and Mitsukoshi Establish Isetan Mitsukoshi Holding II-10
Stockman to Open Department Store in Lithuania II-10
Takashimaya Merger with H2O Retailing II-10
Versa Capital Management Completes Acquisition of Boscovs
Department Store II-10
COF III Acquires Tianjin Difu Department Store II-10
NRDC Acquires Hudson's Bay II-10
Cencosud Acquires Grupo Wong II-11
Fenwick Acquires Williams & Griffin II-11
Parkson Group to Acquire Two Department Stores from Parkson
Holdings II-11
Far Eastern Dept Stores to Acquire Stake in China Holdings II-11
Forme Capital Completes Acquisition of Daqing Qingkelong Chain II-11
Intime Department Store to Acquire Shenyang Intime II-11
New World Department Store Acquires Wuhan Department Store II-12
PARKSON RETAIL GROUP to Acquire Remaining Stake in Xian Lucky
King II-12
Hart Stores to Expand with Nine New Stores II-12
Gottschalks Enters into a US$30 million Deal with Everbright II-12
Mitsukoshi to Close Six Stores II-12
Gap Signs a Deal with Distribuidora II-13
Maison Mode Starts First Store in China II-13
HOK-Elanto to Acquire Tapiolan Sokos Department Store II-13
New World to Establish New Department Store at Shenyang II-13
Shenzhen Rainbow Signs Leasing Agreement with Beijing Runbo
Real Estate II-13
Hefei Signs Joint Venture with Anhui to Establish Department
Store at Liuan II-13
Lotte Shopping Enters Chinese Market with a New Store in Beijing II-14
American Brand Holdings and Kohls Enter into a License Agreement II-14
Lotte Opens a Department Store in Beijing II-14
H&M to Establish Women Department Store II-14
FAO Schwarz Enters into Agreement with Macy's II-14
Wanda Opens New Stores II-15
ITAT Enters into Agreement with Sports Direct II-15
Harrods Opens Department Store at Heathrow Airport, London II-15
Retail Ventures to Divest Stakes in Value City Department Stores II-15
MSBL Takes Over Department Store in Beverley II-15
Macys to Open 3 Bloomingdales Stores II-16
Marfin and Verano Acquire Majority Stake in Robne kuce Beograd II-16
Wangfujing to Takeover Xinhua Department Store II-16
Arnotts to Takeover Debenhams Department Store in Dublin II-16
Lifestyle International to Acquire Itokin Branded Department
Stores II-16
Dashang Group Acquires Yichun Dept Store II-17
Daimaru and Matsuzakaya Holdings to Merge II-17
Parkson Group Acquires K&M Department Store II-17
Kohl Enters into a Multi-year Licensing Contract with
Lagardere Active Media II-17
Federated Department Stores Divests After Hours Formalwear II-18
Citigroup Venture to Acquire Minority Stakes in Beymen
Magazacilik and Boyner Buyuk II-18
Private Consortium Acquires France Printemps II-18
WiseBuys Stores Acquires Patrick Hackett Hardware II-18
Wal-Mart Acquires Remaining Stake in Seiyu Through Wyoming
Holding II-18
Lion Capital Acquires HEMA II-18
New World Department Store Acquires Assets from Parent Company II-18
Arcandor Forges Alliance with Printemps and La Rinascente II-19
Beijing Wangfujing to Increase Stake in Chengdu Wangfujing II-19
Macy's to Retail Tommy Hilfiger Sportswear II-19
Galeries Lafayette Starts New Store at Lille II-19
Parkson Acquires Stake in Mianyang Parkson II-19
Isetan and Tokyu Department Store to Form Alliance II-20
Galeries Lafayette to Open Store in Dubai Mall II-20
Federated Divests Priscilla of Boston and David's Bridal
Businesses II-20
John Lewis to Establish New Distribution Center II-20
Macys to Shut Nine Under-performing Stores II-20

5. Focus on Select Global Players II-21
Arcandor AG (Germany) II-21
Arnotts Ltd (Ireland) II-21
Beales PLC (UK) II-21
Debenhams Plc (UK) II-21
Dillard's, Inc. (USA) II-22
DWW Woolworth Germany GmbH & CO. Kg (Germany) II-22
El Corte Inglés SA (Spain) II-22
Fenwick (UK) II-22
GALERIA Kaufhof GmbH (Germany) II-22
Groupe Galeries Lafayette (France) II-22
House of Fraser Ltd (UK) II-23
Isetan Mitsukoshi Holdings Ltd. (Japan) II-23
JC Penney Company, Inc. (USA) II-23
John Lewis Plc (UK) II-23
Kohl's Corporation (US) II-23
Macy's, Inc. (USA) II-23
Marks & Spencer Group Plc (UK) II-24
Maxeda BV (The Netherlands) II-24
Nordstrom, Inc. (USA) II-24
Saks Fifth Avenue (USA) II-24
Sears, Roebuck & Company (USA) II-24
Stockmann Plc (Finland) II-25
Takashimaya Company, Limited, (Japan) II-25
UPIM SpA (Italy) II-25

6. Global Market Perspective II-26
Table 2: World Recent Past, Current & Future Analysis for
Department Stores by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America, and
Rest of World Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2006 through 2015 (includes
corresponding Graph/Chart) II-26

Table 3: World Historic Review for Department Stores by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America, and Rest of World Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2001 through 2005 (includes corresponding
Graph/Chart) II-27

Table 4: World 10-Year Perspective for Department Stores by
Geographic Region - Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America, and Rest of World Markets for Years 2006, 2009
& 2015 (includes corresponding Graph/Chart) II-28

Table 5: World Recent Past, Current & Future Analysis for
Apparel & Footwear in Department Stores by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America, and Rest of World Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) II-29

Table 6: World Historic Review for Apparel & Footwear in
Department Stores by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America, and
Rest of World Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) II-30

Table 7: World 10-Year Perspective for Apparel & Footwear in
Department Stores by Geographic Region - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America, and Rest of World Markets
for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) II-31

Table 8: World Recent Past, Current & Future Analysis for
Furniture in Department Stores by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America, and Rest of World Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2006 through
2015 (includes corresponding Graph/Chart) II-32

Table 9: World Historic Review for Furniture in Department
Stores by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America, and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) II-33

Table 10: World 10-Year Perspective for Furniture in
Department Stores by Geographic Region - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America, and Rest of World Markets
for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) II-34

Table 11: World Recent Past, Current & Future Analysis for
Electronics in Department Stores by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America, and Rest of World Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2006 through
2015 (includes corresponding Graph/Chart) II-35

Table 12: World Historic Review for Electronics in Department
Stores by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America, and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) II-36

Table 13: World 10-Year Perspective for Electronics in
Department Stores by Geographic Region - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America, and Rest of World Markets
for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) II-37

Table 14: World Recent Past, Current & Future Analysis for
Cosmetics and Personal Care products in Department Stores by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America, and Rest of World Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2006 through 2015 (includes corresponding
Graph/Chart) II-38

Table 15: World Historic Review for Cosmetics and Personal
Care products in Department Stores by Geographic Region - US,
Canada, Japan, Europe, Asia Pacific (excluding Japan), Latin
America, and Rest of World Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2001 through
2005 (includes corresponding Graph/Chart) II-39

Table 16: World 10-Year Perspective for Cosmetics and Personal
Care products in Department Stores by Geographic Region -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America, and
Rest of World Markets for Years 2006, 2009 & 2015 (includes
corresponding Graph/Chart) II-40

Table 17: World Recent Past, Current & Future Analysis for
Homeware in Department Stores by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America, and Rest of World Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2006 through
2015 (includes corresponding Graph/Chart) II-41

Table 18: World Historic Review for Homeware in Department
Stores by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America, and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) II-42

Table 19: World 10-Year Perspective for Homeware in Department
Stores by Geographic Region - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America, and Rest of World Markets for Years
2006, 2009 & 2015 (includes corresponding Graph/Chart) II-43

Table 20: World Recent Past, Current & Future Analysis for
Others in Department Stores by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America,
and Rest of World Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2006 through 2015
(includes corresponding Graph/Chart) II-44

Table 21: World Historic Review for Others in Department
Stores by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America, and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) II-45

Table 22: World 10-Year Perspective for Others in Department
Stores by Geographic Region - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America, and Rest of World Markets for Years
2005, 2009 & 2015 (includes corresponding Graph/Chart) II-46

III. MARKET

1. The United States III-1
A.Market Analysis III-1
Economic Crunch Hits Department Stores III-1
Consumers Shopping Trends Impact Department Stores III-1
Loss of Apparel Share to Other Channels III-1
Table 23: The US Apparel Market (2003-2005): Market Share
Trend of Select Channels - Major Department Stores,
Specialty Chains and Discount Stores (includes
corresponding Graph/Chart) III-2
Luxury Players to Foray into Foreign Markets III-2
Mid-range Players Struggle Amid Competition III-2
Competition III-2
Leading Players III-2
Table 24: Leading Department Stores in the US (2008E):
Percentage Breakdown of Value Sales for Macys, Sears, JC
Penney, Kohls , Nordstrom, Dilliards, Saks, and Others
(includes corresponding Graph/Chart) III-3
Discount Department Stores Market III-3
Table 25: Leading Players in the US Discount Department
Stores Market (2005-2009): Percentage Breakdown of Value
Sales for JC Penney, Kohl's and Others (includes
corresponding Graph/Chart) III-3
Strategic Corporate Developments III-4
Key Players III-7
B.Market Analytics III-9
Table 26: US Recent Past, Current & Future Analysis for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics , Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-9

Table 27: US Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-9

Table 28: US 10-Year Perspective for Department Stores by
Product Segment - Percentage Breakdown of Dollar Sales for
Apparel & Footwear, Furniture, Electronics, Cosmetics and
Personal Care, Homeware, and Others Markets for Years 2005,
2009 & 2015 (includes corresponding Graph/Chart) III-10

2. Canada III-11
A.Market Analysis III-11
Strategic Corporate Developments III-11
B.Market Analytics III-12
Table 29: Canadian Recent Past, Current & Future Analysis
for Department Stores by Product Segment - Apparel &
Footwear, Furniture, Electronics , Cosmetics and Personal
Care products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-12

Table 30: Canadian Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-12

Table 31: Canadian 10-Year Perspective for Department Stores
by Product Segment - Percentage Breakdown of Dollar Sales
for Apparel & Footwear, Furniture, Electronics , Cosmetics
and Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-13

3. Japan III-14
A.Market Analysis III-14
Sales Continue to Decline III-14
Competition III-14
Table 32: Leading Department Stores in Tokyo ( 2007):
Percentage Sales breakdown for Isetan Mitsukoshi,
Takashimaya, JF Retailing, and Others (includes
corresponding Graph/Chart) III-14
Consolidation Trends III-14
Select Mergers in the Japanese Department Stores Market: III-15
Shrinking Population Drives Mergers III-15
Past Mergers Fail to Realize Adequate Benefits III-15
Renovation Plans Shelved or Delayed III-15
Department Stores Attract Foreign Tourists III-15
Key Players III-16
Strategic Corporate Developments III-16
B.Market Analytics III-18
Table 33: Japanese Recent Past, Current & Future Analysis
for Department Stores by Product Segment - Apparel &
Footwear, Furniture, Electronics , Cosmetics and Personal
Care products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-18

Table 34: Japanese Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-19

Table 35: Japanese 10-Year Perspective for Department Stores
by Product Segment - Percentage Breakdown of Dollar Sales
for Apparel & Footwear, Furniture, Electronics, Cosmetics
and Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-19

4. Europe III-20
Market Analysis III-20
Table 36: Europe Recent Past, Current & Future Analysis for
Department Stores by Geographic Region - France, Germany,
Italy, UK, and Rest of Europe Markets Independently Analyzed
with Annual Sales Figures in US$ Million for Years 2006
through 2015 (includes corresponding Graph/Chart) III-20

Table 37: Europe Historic Review for Department Stores by
Geographic Region - France, Germany, Italy, UK, and Rest of
Europe Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-21

Table 38: Europe 10-Year Perspective for Department Stores
by Geographic Region - Percentage Breakdown of Dollar Sales
for France, Germany, Italy, UK, and Rest of Europe Markets
for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) III-21

Table 39: Europe Recent Past, Current & Future Analysis for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics , Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-22

Table 40: Europe Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-22

Table 41: Europe 10-Year Perspective for Department Stores
by Product Segment - Percentage Breakdown of Dollar Sales
for Apparel & Footwear, Furniture, Electronics , Cosmetics
and Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-23

4a. France III-24
A.Market Analysis III-24
Strategic Corporate Developments III-24
Key Player III-25
B.Market Analytics III-25
Table 42: French Recent Past, Current & Future Analysis for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics, Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-25

Table 43: French Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture,
Electronics, Cosmetics and Personal Care, Homeware, and
Others Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-26

Table 44: French 10-Year Perspective for Department Stores
by Product Segment - Percentage Breakdown of Dollar Sales
for Apparel & Footwear, Furniture, Electronics , Cosmetics
and Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-26

4b. Germany III-27
A.Market Analysis III-27
Strategic Corporate Development III-27
Key Players III-27
B.Market Analytics III-28
Table 45: German Recent Past, Current & Future Analysis for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics , Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-28

Table 46: German Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-29

Table 47: German 10-Year Perspective for Department Stores
by Product Segment - Percentage Breakdown of Dollar Sales
for Apparel & Footwear, Furniture, Electronics , Cosmetics
and Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-29

4c. Italy III-30
A.Market Analysis III-30
Key Player III-30
B.Market Analytics III-30
Table 48: Italian Recent Past, Current & Future Analysis for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics , Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-30

Table 49: Italian Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-31

Table 50: Italian 10-Year Perspective for Department Stores
by Product Segment - Percentage Breakdown of Dollar Sales
for Apparel & Footwear, Furniture, Electronics , Cosmetics
and Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-31

4d. The United Kingdom III-32
A.Market Analysis III-32
Market Overview III-32
Department Stores Loose Shine III-32
Table 51: Department Stores Sector in the UK: Market Share
Breakdown of Shoppers by Age - Group (includes
corresponding Graph/Chart) III-32
Competition III-33
Table 52: Leading Players in the UK Department Stores
Sector (2001 & 2006): Percentage Breakdown of Value Sales
for Marks & Spencer's, John Lewis, Debenhams, House of
Fraser, Selfridges, Harrods and Others (includes
corresponding Graph/Chart) III-33
Strategic Corporate Developments III-33
Key Players III-34
B.Market Analytics III-35
Table 53: UK Recent Past, Current & Future Analysis for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics , Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-35

Table 54: UK Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-36

Table 55: UK 10-Year Perspective for Department Stores by
Product Segment - Percentage Breakdown of Dollar Sales for
Apparel & Footwear, Furniture, Electronics , Cosmetics and
Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-36

4e. Rest of Europe III-37
A.Market Analysis III-37
Russia III-37
Strategic Corporate Developments III-37
Key Players III-39
B.Market Analytics III-40
Table 56: Rest of Europe Recent Past, Current & Future
Analysis for Department Stores by Product Segment - Apparel
& Footwear, Furniture, Electronics , Cosmetics and Personal
Care products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-40

Table 57: Rest of Europe Historic Review for Department
Stores by Product Segment - Apparel & Footwear, Furniture,
Electronics , Cosmetics and Personal Care products,
Homeware, and Others Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2001 through
2005 (includes corresponding Graph/Chart) III-41

Table 58: Rest of Europe 10-Year Perspective for Department
Stores by Product Segment - Percentage Breakdown of Dollar
Sales for Apparel & Footwear, Furniture, Electronics ,
Cosmetics and Personal Care products, Homeware, and Others
Markets for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) III-42

5. Asia-Pacific III-43
Market Analysis III-43
Table 59: Asia-Pacific Recent Past, Current & Future
Analysis for Department Stores by Geographic Region - China,
and Rest of Asia-Pacific Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2006 through
2015 (includes corresponding Graph/Chart) III-43

Table 60: Asia-Pacific Historic Review for Department Stores
by Geographic Region - China, and Rest of Asia-Pacific
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-44

Table 61: Asia-Pacific 10-Year Perspective for Department
Stores by Geographic Region - Percentage Breakdown of Dollar
Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America, and Rest of World Markets for Years
2006, 2009 & 2015 III-44

Table 62: Asia-Pacific Recent Past, Current & Future
Analysis for Department Stores by Product Segment - Apparel
& Footwear, Furniture, Electronics , Cosmetics and Personal
Care products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-45

Table 63: Asia-Pacific Historic Review for Department Stores
by Product Segment - Apparel & Footwear, Furniture,
Electronics , Cosmetics and Personal Care products,
Homeware, and Others Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2001 through
2005 (includes corresponding Graph/Chart) III-45

Table 64: Asia-Pacific 10-Year Perspective for Department
Stores by Product Segment - Percentage Breakdown of Dollar
Sales for Apparel & Footwear, Furniture, Electronics ,
Cosmetics and Personal Care products, Homeware, and Others
Markets for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) III-46

5a. China III-47
A.Market Analysis III-47
Introduction III-47
Increasing Share of Department Stores III-47
Table 65: Increasing Share of Department Stores in the
Chinese Retail Industry (2003-2010) (includes corresponding
Graph/Chart) III-47
Consumer Shopping Behavior III-48
Table 66: Chinese Department Store Market (2006): Sales in
Percentage for Select Stores by Category - Fashion &
Apparels
Cosmetic & Accessories
Household, Electrical
Goods & Others and Groceries & Perishables (includes
corresponding Graph/Chart) III-48

Table 67: Leading Players in the Chinese Department Stores
Market (2006): Percentage Breakdown of Value Sales for
Dashang Group, Shanghai Bailian Group Co. Ltd., Beijing
Wangfujing Department Store Co. Ltd., The Lion Group
(Parkson) and Others (includes corresponding Graph/Chart) III-49

Table 68: Chinese Department Stores Market (2006): Brands
and Brand Share (in Percentage) by Select Company -
Dashang, Beijing Wangfujing Department Store Co. Ltd., The
Lion Group and New World Department Store Co. Ltd.
(includes corresponding Graph/Chart) III-49
Key Trends III-50
Increase in Store Size III-50
Industry Consolidation III-50
Table 69: Chinese Department Store Market (2006 & 2007):
Outlets, Retail Space and Average Space per Outlet in
Units (includes corresponding Graph/Chart) III-50
Increasing Presence of International Players III-50
Entry Barriers III-51
Strategic Corporate Developments III-51
B.Market Analytics III-55
Table 70: Chinese Recent Past, Current & Future Analysis for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics , Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-55

Table 71: Chinese Historic Review for Department Stores by
Product Segment - Apparel & Footwear, Furniture, Electronics
, Cosmetics and Personal Care products, Homeware, and Others
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2001 through 2005 (includes
corresponding Graph/Chart) III-56

Table 72: Chinese 10-Year Perspective for Department Stores
by Product Segment - Percentage Breakdown of Dollar Sales
for Apparel & Footwear, Furniture, Electronics , Cosmetics
and Personal Care products, Homeware, and Others Markets for
Years 2006, 2009 & 2015 (includes corresponding Graph/Chart) III-56

5b. Rest of Asia-Pacific III-57
A.Market Analysis III-57
Australia III-57
Market Strategies III-57
Indonesia III-57
Leading Players III-57
Table 73: Indonesian Department Stores Market (2006):
Strength in Units by Select Company - Ramayana, Matahari,
Pojok Busana, Yogya Dept. Store, Mitra Adiperkasa (Sogo,
Debenhams, Java), Sarinah and Others (includes
corresponding Graph/Chart) III-58

Table 74: Leading Department Stores in Indonesia (2006):
Percentage Breakdown of Value Sales for Matahari Putra
Prima, Ramayana Sentosa Lestari, Mitra Adiperkasa and
Others (includes corresponding Graph/Chart) III-58
Competitive Environment III-58
Korea III-58
Leading Players III-58
Table 75: Leading Department Stores in Korea (2006 &
2007): Percentage Breakdown of Value Sales for Lotte
Department Store, Hyundai Department Store, Shinsegae and
Others (includes corresponding Graph/Chart) III-59
Competition III-59
Table 76: Korean Department Stores Market (2007): Strength
in Units by Select Company - Lotte Department Store,
Hyundai Department Store, Shinsegae and Hanhwa Stores
(includes corresponding Graph/Chart) III-59
Taiwan III-60
Introduction III-60
Leading Players III-60
Table 77: Leading Department Stores in Taiwan (2006):
Percentage Breakdown of Value Sales for Shinkong
Mitsukoshi (SKM), Pacific Sogo, FEDS and Others (includes
corresponding Graph/Chart) III-60
A Saturated Market ? III-61
Table 78: Taiwanese Department Stores Market (2005-2007):
Strength in Units (includes corresponding Graph/Chart) III-61
Thailand III-61
Table 79: Leading Department Stores in Thailand (2007):
Strength in Units for Robinson Department Store, Central
Department Store, The Mall Department Stores, and Imperial
Department Stores Vietnam (includes corresponding
Graph/Chart) III-61
Strategic Corporate Developments III-62
Key Player III-62
B.Market Analytics III-62
Table 80: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Department Stores by Product Segment - Apparel
& Footwear, Furniture, Electronics , Cosmetics and Personal
Care products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-62

Table 81: Rest of Asia-Pacific Historic Review for
Department Stores by Product Segment - Apparel & Footwear,
Furniture, Electronics , Cosmetics and Personal Care
products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2001 through 2005 (includes corresponding Graph/Chart) III-63

Table 82: Rest of Asia-Pacific 10-Year Perspective for
Department Stores by Product Segment - Percentage Breakdown
of Dollar Sales for Apparel & Footwear, Furniture,
Electronics, Cosmetics and Personal Care products, Homeware,
and Others Markets for Years 2006, 2009 & 2015 (includes
corresponding Graph/Chart) III-64

6. Latin America III-65
A.Market Analysis III-65
Argentina III-65
Chile III-65
High Penetration III-65
Leading Players III-65
Table 83: Chilean Department Store Market (2007): Sales
(in CLP$ 000 per Square Meter) by Select Company -
Falabella, La Polar, Paris-Cencosud, and Ripley Declining
Consumption (includes corresponding Graph/Chart) III-65
Declining Consumption III-65
Table 84: Chilean Department Store Market (2007): Same
Stores Sales (SSS) Growth in Percent by Select Player -
Falabella, Paris-Cencosud, La Polar, and Ripley (includes
corresponding Graph/Chart) III-66
Mexico III-66
Department Stores Gain in Popularity in Mexico III-66
Strategic Corporate Developments III-66
B.Market Analytics III-67
Table 85: Latin America Recent Past, Current & Future
Analysis for Department Stores by Product Segment - Apparel
& Footwear, Furniture, Electronics , Cosmetics and Personal
Care products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-67

Table 86: Latin America Historic Review for Department
Stores by Product Segment - Apparel & Footwear, Furniture,
Electronics , Cosmetics and Personal Care products,
Homeware, and Others Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2001 through
2005 (includes corresponding Graph/Chart) III-68

Table 87: Latin America 10-Year Perspective for Department
Stores by Product Segment - Percentage Breakdown of Dollar
Sales for Apparel & Footwear, Furniture, Electronics ,
Cosmetics and Personal Care products, Homeware, and Others
Markets for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) III-69

7. Rest of World III-70
A.Market Analysis III-70
Iran III-70
Strategic Corporate Development III-70
B.Market Analytics III-71
Table 88: Rest of World Recent Past, Current & Future
Analysis for Department Stores by Product Segment - Apparel
& Footwear, Furniture, Electronics , Cosmetics and Personal
Care products, Homeware, and Others Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2006 through 2015 (includes corresponding Graph/Chart) III-71

Table 89: Rest of World Historic Review for Department
Stores by Product Segment - Apparel & Footwear, Furniture,
Electronics , Cosmetics and Personal Care products,
Homeware, and Others Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2001 through
2005 (includes corresponding Graph/Chart) III-72

Table 90: Rest of World 10-Year Perspective for Department
Stores by Product Segment - Percentage Breakdown of Dollar
Sales for Apparel & Footwear, Furniture, Electronics ,
Cosmetics and Personal Care products, Homeware, and Others
Markets for Years 2006, 2009 & 2015 (includes corresponding
Graph/Chart) III-73

IV. COMPETITIVE LANDSCAPE

Department stores sector that enjoyed a dominant role in the retailing sector during the past decades, is witnessing a loss in share in some of the major markets including the US, western Europe, and Japan. This is mainly due to threat from counterparts, the specialized retailers, discounters, and supermarkets, which are gradually encroaching its share. Besides this, the segment faces a deteriorating business environment in form of global economic slowdown, increasing credit crunch, and cuts in consumer discretionary purchases.

Developed regions of the world, US, Europe and Japan, dominate the global Department stores sector, as reported in a recent study published by Global Industry Analysts Inc. In the United States, consumer cut down on discretionary purchases, slowing mall traffic and falling market share continued to impact department stores in 2008, making it the worst performing division within the retail sector. Loss of sales in apparel segment, the largest generator of revenues, to other retailing formats is another factor affecting all department stores. Japan is expected to be the hardest hit with decline in sales stretching for the thirteenth consecutive year. A declining population comprises a major distinctive problem affecting the country’s department store industry.

European department stores market is on the same track as other developed markets. The decline in sales is more profound in the western part. Factors affecting the department stores market include increasing competition from other retailing formats, economic slowdown and general consolidation in the industry.

Asia-Pacific and Latin America represent the fastest growing markets during the analysis period 2006-2015. Department stores in Asia-Pacific region have been until late on a fast expansion mode led by strong growth in China, and the rising value sales in other countries such as Australia, Singapore and South Korea. However, the region is expected to show moderate decline in growth due to general economic slowdown. Post 2009-2010, department stores in the region are expected to expand with a high growth rate, with China experiencing the fastest growth.

The department stores business is highly competitive with the presence of numerous players both large and small. Several factors affect the consumer’s mindset that determines the choice of a store and the degree of loyalty. These include price, product mix and assortment, service, convenience, advertising, and availability of credit. As competition intensifies, strategies need to be adopted to attract customer footfalls, improve loyalty and enhance total dwelling time. Players profiled in the study include Arcandor AG, Arnotts Ltd, Beales PLC, Debenhams Plc, Dillard’s, Inc., DWW Woolworth Germany GmbH & CO. Kg, El Corte Inglés SA, Fenwick, GALERIA Kaufhof GmbH, Groupe Galeries Lafayette, House of Fraser Ltd, JC Penney Company, Inc., John Lewis Plc, Macy’s, Inc., Marks & Spencer Group Plc, Maxeda BV, Nordstrom, Inc., Saks Fifth Avenue, Sears, Roebuck & Company, Stockmann Plc, UPIM SpA

© Global Industry Analysts, Inc., USA.

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