Global department store retail market is expected to grow at a CAGR of 5.4% during 2015-2020, driven by the rising purchasing power of the middle-class population, young working professionals, and the expansion of department stores in emerging markets. Off-price department store sales are growing positively in North America, and the format is expected to gain popularity in Europe in the future. In an effort to provide a seamless shopping experience to the customers, department store retailers are developing new innovative concepts such as virtual reality, augmented reality, and others.
Global department store sales are forecast to reach US$675.9 billion by 2020, with major impetus from developing economies
Clothing and footwear remained the most preferred category through the channel
Shoppers seeking discounts and savings are driving sales in off-price department stores
Indonesia will grow the fastest during the forecast period, followed by India and Philippines
Despite a slow growth in the US, the market will continue to be the largest market in 2020
Provides a comprehensive view of the global department stores retail landscape, including current market sizes and category forecasts to 2020; and highlights the world’s fastest growing markets and category groups
Details market size and category forecasts for each region and countries, and features major retailers, key innovative retailers, and department store retail trends
The report covers the 50 largest retail markets and includes 24 countries in Europe, 12 countries in Asia-Pacific, nine countries in the Americas, and five countries in the Middle East and Africa
Reasons To Buy
The report provides an essential overview of the global department stores retail market, highlighting the largest and fastest-growing markets across the globe
Provides analysis of the latest trends, market dynamics (covering nine category groups) and key innovations in the retail space in major countries across the four regions
Identify the largest and fastest-growing categories in major countries across the four regions
Benefit from detailed analysis of key trends influencing the department store retail market.
Monitor the competitive landscape, with analysis of key players across the four regions, including market share of the retailers for the region
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