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Department Stores - Market Analysis, Trends, and Forecasts

  • ID: 992771
  • Report
  • 101 Pages
  • Global Industry Analysts, Inc
1 of 4

FEATURED COMPANIES

  • Debenhams Retail Plc
  • House of Fraser
  • J.C. Penney Co., Inc.
  • Macy's, Inc.
  • Sears Brands Llc
  • MORE
The Department Stores market worldwide is projected to grow by US$198.5 Billion, driven by a compounded growth of 5%. Department Stores, one of the segments analyzed and sized in this study, displays the potential to grow at over 5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$683.7 Billion by the year 2025, Department Stores will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$6.9 Billion to the region's size and clout in the next 5 to 6 years. Over US$5.7 Billion worth of projected demand in the region will come from the rest of the European markets. In Japan, Department Stores will reach a market size of US$40.2 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8% over the next couple of years and add approximately US$58 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:
  • Debenhams Retail PLC
  • House of Fraser
  • J.C. Penney Co., Inc.
  • Macy's, Inc.
  • Sears Brands LLC
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Debenhams Retail Plc
  • House of Fraser
  • J.C. Penney Co., Inc.
  • Macy's, Inc.
  • Sears Brands Llc
  • MORE

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Department Stores Competitor Market Share Scenario Worldwide (in %): 2019 & 2028

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Department Stores Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Department Stores Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Department Stores Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

TABLE 4: United States Department Stores Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 5: Department Stores Market in the United States: A Historic Review in US$ Million for 2009-2017

CANADA

TABLE 6: Canadian Department Stores Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 7: Canadian Department Stores Historic Market Review in US$ Million: 2009-2017

JAPAN

TABLE 8: Japanese Market for Department Stores: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 9: Department Stores Market in Japan: Historic Sales Analysis in US$ Million for the Period 2009-2017

CHINA

TABLE 10: Chinese Department Stores Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 11: Department Stores Historic Market Analysis in China in US$ Million: 2009-2017

EUROPE

Market Facts & Figures

TABLE 12: European Department Stores Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 13: Department Stores Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 14: European Department Stores Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

FRANCE

TABLE 15: Department Stores Market in France: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 16: French Department Stores Historic Market Scenario in US$ Million: 2009-2017

GERMANY

TABLE 17: Department Stores Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 18: German Department Stores Historic Market Analysis in US$ Million: 2009-2017

ITALY

TABLE 19: Italian Department Stores Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 20: Department Stores Historic Market Analysis in Italy in US$ Million: 2009-2017

UNITED KINGDOM

TABLE 21: United Kingdom Market for Department Stores: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 22: Department Stores Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2009-2017

SPAIN

TABLE 23: Spanish Department Stores Market Estimates and Forecasts in US$ Million:2018 to 2025

TABLE 24: Spanish Department Stores Historic Market Review in US$ Million:2009-2017

RUSSIA

TABLE 25: Russian Department Stores Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 26: Department Stores Market in Russia: A Historic Review in US$ Millionfor 2009-2017

REST OF EUROPE

TABLE 27: Rest of Europe Department Stores Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 28: Department Stores Market in Rest of Europe in US$ Million: A Historic Review for the Period 2009-2017

ASIA-PACIFIC

TABLE 29: Asia-Pacific Department Stores Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 30: Department Stores Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017

TABLE 31: Asia-Pacific Department Stores Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 32: Department Stores Market in Australia: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 33: Australian Department Stores Historic Market Analysis in US$ Million: 2009-2017

INDIA

TABLE 34: Indian Department Stores Market Estimates and Forecasts in US$ Million: 2018 to 2025

TABLE 35: Indian Department Stores Historic Market Review in US$ Million: 2009-2017

SOUTH KOREA

TABLE 36: Department Stores Market in South Korea: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 37: South Korean Department Stores Historic Market Analysis in US$ Million:2009-2017

REST OF ASIA-PACIFIC

TABLE 38: Rest of Asia-Pacific Market for Department Stores: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 39: Department Stores Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million for the Period 2009-2017

LATIN AMERICA

TABLE 40: Latin American Department Stores Market Trends by Region/Country in US$ Million: 2018-2025

TABLE 41: Department Stores Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 42: Latin American Department Stores Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

ARGENTINA

TABLE 43: Argentinean Department Stores Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 44: Department Stores Market in Argentina in US$ Million: A Historic Review for the Period 2009-2017

BRAZIL

TABLE 45: Department Stores Market in Brazil: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 46: Brazilian Department Stores Historic Market Scenario in US$ Million: 2009-2017

MEXICO

TABLE 47: Department Stores Market in Mexico: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 48: Mexican Department Stores Historic Market Analysis in US$ Million: 2009-2017

REST OF LATIN AMERICA

TABLE 49: Rest of Latin America Department Stores Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 50: Department Stores Market in Rest of Latin America: A Historic Review in US$ Million for 2009-2017

MIDDLE EAST

TABLE 51: The Middle East Department Stores Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 52: Department Stores Market in the Middle East by Region/Country in US$ Million: 2009-2017

TABLE 53: The Middle East Department Stores Market Share Breakdown by Region/Country: 2009, 2019, and 2025

IRAN

TABLE 54: Iranian Market for Department Stores: Annual Sales Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 55: Department Stores Market in Iran: Historic Sales Analysis in US$ Million for the Period 2009-2017

ISRAEL

TABLE 56: Israeli Department Stores Market Estimates and Forecasts in US$ Million: 2018-2025

TABLE 57: Department Stores Market in Israel in US$ Million: A Historic Review for the Period 2009-2017

SAUDI ARABIA

TABLE 58: Saudi Arabian Department Stores Market Growth Prospects in US$ Million for the Period 2018-2025

TABLE 59: Department Stores Historic Market Analysis in Saudi Arabia in US$ Million: 2009-2017

UNITED ARAB EMIRATES

TABLE 60: Department Stores Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 61: United Arab Emirates Department Stores Historic Market Analysis in US$ Million:2009-2017

REST OF MIDDLE EAST

TABLE 62: Department Stores Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million for the Period 2018-2025

TABLE 63: Rest of Middle East Department Stores Historic Market Analysis in US$ Million: 2009-2017

AFRICA

TABLE 64: African Department Stores Market Estimates and Projections in US$ Million: 2018 to 2025

TABLE 65: Department Stores Market in Africa: A Historic Review in US$ Million for 2009-2017

IV. COMPETITION

DEBENHAMS RETAIL PLC

HOUSE OF FRASER

J.C. PENNEY CO., INC.

MACY'S, INC.

SEARS BRANDS LLC

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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4 of 4

FEATURED COMPANIES

  • Debenhams Retail Plc
  • House of Fraser
  • J.C. Penney Co., Inc.
  • Macy's, Inc.
  • Sears Brands Llc
  • MORE
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.
Note: Product cover images may vary from those shown
5 of 4
  • Debenhams Retail Plc
  • House of Fraser
  • J.C. Penney Co., Inc.
  • Macy's, Inc.
  • Sears Brands Llc
Note: Product cover images may vary from those shown
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