A department store is a retail establishment that sells a wide range of consumer goods. These products include clothing, cosmetics, toys, toiletries, home appliances, furniture, sporting goods, foods, books, electronics and stationery. These products are usually separated into departments and divisions. There are different departmental divisions such as merchandising, advertising, service, accounting and budgetary control. In the recent year, number of online retailers is increasing and the competition is increasing among the online stores and department stores. Online shopping is becoming popular among the consumer due to the ease of shopping. In order to catch-up with online retailers, many department stores are going online and expanding their reach. Department store retailing market can be segmented by store types into: upscale department store, mid-range department store, discount department store and others. Department store retailing market can be bifurcated into five categories: clothing, toiletries, cosmetics, home appliances and others. Different department stores reflect different kinds of spending. Generally upscale department store carries expensive and better quality products. On the other hand, discount department store carries less expensive products.
Rising disposable income, increasing promotional activity, increasing consumer confidence and ever-increasing population in the developing countries are some of the major driving force for department store retailing market. With the lower effect of economic recession, employment rate and disposable income levels are raising, which allows the consumer to spend more on products such as apparels, cosmetics and toiletries. Thus increase in the confidence level of consumer which allows them to spend money easily.
In 2018, the global Department Store Retailing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Department Store Retailing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Department Store Retailing development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Upscale Department Store
Mid-Range Department Store
Discount Department Store
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Department Store Retailing status, future forecast, growth opportunity, key market and key players.
To present the Department Store Retailing development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Department Store Retailing are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.