Global Department Stores Market to Reach $930 Billion by 2030
The global market for Department Stores estimated at US$524.5 Billion in the year 2022, is projected to reach a revised size of US$930 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030.The U.S. Market is Estimated at $142.9 Billion, While China is Forecast to Grow at 12% CAGR
The Department Stores market in the U.S. is estimated at US$142.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$218 Billion by the year 2030 trailing a CAGR of 12% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.Select Competitors (Total 102 Featured) -
- Debenhams Retail PLC
- House of Fraser
- J.C. Penney Co., Inc.
- Macy's, Inc.
- Sears Brands LLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Department Stores - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Crisis Strikes a Blow to Department Stores
- Monthly Revenue Trends of department Stores 2010-2020
- Department Store Foot Traffic during COVID-19 Times
- Major Department Store Bankruptcies: 2020
- Industry Brief
- Leading Segments
- Competition
- Sales of Leading Department Store Companies Worldwide in 2019 (in billion U.S. dollars)
- Sales of Leading Department Store Companies Worldwide in 2019 (in US$ Billion)
- Transformation of Vacant Department Stores
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
3. MARKET TRENDS & DRIVERS
- Improvement in Per Capita Disposable Income of People to Drive Demand
- Alternative Channels: A Reigning Threat
- eCommerce Poses a Major Challenge to Department Stores
- E-commerce as a Share of Total US Retail Sales
- Major Trends Transforming The Retail Landscape
- Shrinking Apparel Budgets Impacts Store Revenues
- Consumer Apparel Budgets: 1990-2024
- Department Store Sales : 2014-2025
- Changing consumer Shopping Trends and Impact on Department Stores
- Middle Class Spending Influences Store Performance
- US Middle Class Wealth Distribution: 2000-2019
- Department Stores Up their Online Presence
- Retail Market Expansions
- Number of Department Store Locations in the US
- Plummeting Department Store Scenario in the US: A Review
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Department Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 2: World Historic Review for Department Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 3: World 16-Year Perspective for Department Stores by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
- Table 4: World Department Stores Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
UNITED STATES
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 5: USA Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 6: USA Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CANADA
- Table 7: Canada Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 8: Canada Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
JAPAN
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 9: Japan Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 10: Japan Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CHINA
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 11: China Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 12: China Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
EUROPE
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 13: Europe Recent Past, Current & Future Analysis for Department Stores by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 14: Europe Historic Review for Department Stores by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 15: Europe 16-Year Perspective for Department Stores by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
FRANCE
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 16: France Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 17: France Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
GERMANY
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 18: Germany Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 19: Germany Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ITALY
- Table 20: Italy Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 21: Italy Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
UNITED KINGDOM
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 22: UK Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 23: UK Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
SPAIN
- Table 24: Spain Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 25: Spain Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
RUSSIA
- Table 26: Russia Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: Russia Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF EUROPE
- Table 28: Rest of Europe Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 29: Rest of Europe Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ASIA-PACIFIC
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Department Stores by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 31: Asia-Pacific Historic Review for Department Stores by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 32: Asia-Pacific 16-Year Perspective for Department Stores by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
AUSTRALIA
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
- Table 33: Australia Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 34: Australia Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
INDIA
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
- Table 35: India Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 36: India Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
SOUTH KOREA
- Table 37: South Korea Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 38: South Korea Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF ASIA-PACIFIC
- Table 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 40: Rest of Asia-Pacific Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
LATIN AMERICA
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
- Table 41: Latin America Recent Past, Current & Future Analysis for Department Stores by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 42: Latin America Historic Review for Department Stores by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 43: Latin America 16-Year Perspective for Department Stores by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2023 & 2030
ARGENTINA
- Table 44: Argentina Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: Argentina Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
BRAZIL
- Table 46: Brazil Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 47: Brazil Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
MEXICO
- Table 48: Mexico Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 49: Mexico Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF LATIN AMERICA
- Table 50: Rest of Latin America Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: Rest of Latin America Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
MIDDLE EAST
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
- Table 52: Middle East Recent Past, Current & Future Analysis for Department Stores by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 53: Middle East Historic Review for Department Stores by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 54: Middle East 16-Year Perspective for Department Stores by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2023 & 2030
IRAN
- Table 55: Iran Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 56: Iran Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ISRAEL
- Table 57: Israel Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 58: Israel Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
SAUDI ARABIA
- Table 59: Saudi Arabia Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 60: Saudi Arabia Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
UNITED ARAB EMIRATES
- Table 61: UAE Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 62: UAE Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF MIDDLE EAST
- Table 63: Rest of Middle East Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 64: Rest of Middle East Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
AFRICA
- Department Stores Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
- Table 65: Africa Recent Past, Current & Future Analysis for Department Stores by Segment - Department Stores - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 66: Africa Historic Review for Department Stores by Segment - Department Stores Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Debenhams Retail PLC
- House of Fraser
- J.C. Penney Co., Inc.
- Macy's, Inc.
- Sears Brands LLC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 209 |
Published | April 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 498.2 Billion |
Forecasted Market Value ( USD | $ 756.3 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |