About Department Store Retailing
Department store retailing involves the selling of a wide variety of goods which include apparel, accessories, cosmetics, and many other things used by adults as well as children also it includes the.housewares, furniture, appliances, etc. The department stores are separated into divisions and departments by top-level management. the division consists of merchandising, advertising, service, accounting, and budgetary control.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The Department Store Retailing market is a dynamic and competitive landscape. Established players must adapt to evolving consumer preferences, embrace technological advancements, and offer unique experiences to stay ahead of the curve. New entrants and disruptive trends pose challenges but also present opportunities for innovation and growth in this ever-changing retail environment. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kohl's (United States), David Jones Pty Limited (Australia), Dillard's Inc. (United States), Macy's (United States), Nordstrom, Inc. (United States), Belk, Inc. (United States), Falabella (Chile), Neiman Marcus Group, Inc., (United States), Burlington (United States), J. C. Penney Company, Inc. (United States), Bon-Ton Holdings Inc. (United States) and Lojas Riachuelo (Brazil) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Department Store Retailing market by Type (Clothing, Beauty Products, Housewares, Home Appliances and Others) and Region.
On the basis of geography, the market of Department Store Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Department Division, the sub-segment i.e. Merchandising will boost the Department Store Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Store, the sub-segment i.e. Upscale Department Store will boost the Department Store Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Men will boost the Department Store Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Use of Advanced Technology in Department Store Retailing for Better Shopping Experience
Market Growth Drivers:
Rising Disposable Income Across the World, Demand for Bulk Purchases from Resellers and Increasing Demand for Physical Convenience of Buying Products
Challenges:
Less Skilled People in Department Store Retailing
Restraints:
Shifting Preferences Towards E-commerce Platform for Retailing Due to the COVID-19 Pandemic Worldwide
Opportunities:
Increasing Marketing and Advertising Activities will Boost the Department Store Retailing and Changing Physical Appearance and Ambience of Department Store Retailing
Market Leaders and their expansionary development strategies
In May 2023, Selfridges acquires small luxury department store Liberty London, aiming to strengthen its foothold in the luxury market and attract a wider customer base.
In August 2023, Galeries Lafayette collaborates with Chinese e-commerce giant JD.com to launch online stores and further penetrate the Chinese market.
Key Target Audience
Department Store Retailers, Department Store Retailing Industry Associations, Potential Investors, Regulatory Bodies, Resellers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.