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Discount Department Stores in the US - Industry Market Research Report

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    Report

  • 42 Pages
  • June 2023
  • Region: United States
  • IBISWorld
  • ID: 4668363

Bargain bin: Price-based competition will continue to eat into industry profit

Discount department stores have struggled due to declining demand, intense competition and negative impacts of the COVID-19 pandemic. Over the years to 2023, revenue is anticipated to decline at a CAGR of 1.2%, falling to $110.3 billion. This comes despite a revenue decline of 1.9% expected in 2023 amid increasing in consumer spending. Following the initial outbreak was a period of economic struggle for many businesses, and this contributed to the spike in activity when the economy entered its recovery period. During the period, rising competition from existing players that already dominate the industry, as well as newer online platforms, have both worked to accelerated industry revenue declines.

This industry comprises retailers that sell various consumer goods at discounted prices. Unlike department stores that have separate cash registers in each department, discount department stores generally have central customer checkout locations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • The TJX Companies Inc.
  • Walmart Inc.
  • Ross Stores, Inc.

Methodology

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