The department stores & other general merchandise stores market size is expected to see strong growth in the next few years. It will grow to <b>$3782.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. </b> The growth in the forecast period can be attributed to e-commerce and online shopping, customer experience and personalization, digitization of retail, retail technology integration. Major trends in the forecast period include e-commerce and omnichannel retailing, sustainability and ethical practices, flexible store formats, international expansion .
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Segmentation & Regional Insights
The department stores and other general merchandise stores market covered in this report is segmented –
1) By Type: Department Stores, Other General Merchandise Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By License: Branded, Brand Licensed, Unbranded
<b>North America</b> was the largest region in the department stores & other general merchandise stores market in 2023. Asia-Pacific was the second-largest region in the department stores & other general merchandise stores market. The regions covered in the department stores & other general merchandise stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
Department stores and other general merchandise stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, in July 2023, according to the World Economic Forum, a Switzerland-based non-governmental organization (NGO), 60% of corporations think that big data and analytics capabilities are becoming more crucial and this technology is most likely to result in the creation of new jobs over the next 5 years. Additionally, between 2023 and 2027, data science and data analytics may create up to 1.4 million new jobs .With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward.
Key Industry Players
Major companies operating in the department stores and other general merchandise stores market include <b> Walmart Inc., Costco Wholesale Corp, Target Corporation, Carrefour SA, Dollar General Corporation, Aeon Co. Ltd., Suning.com Co. Ltd., Macy's Inc., Kohl’s Corporation, Tesco PLC, Amazon.com Inc., The Home Depot Inc., Lowe's Companies Inc., Best Buy Co. Inc., Penney OpCo LLC, Sears Holdings Corporation, Ross Stores Inc., Burlington Stores Inc., TJX Companies Inc., Big Lots Stores Inc., Five Below Inc., Ollie's Bargain Outlet Holdings Inc., Bed Bath & Beyond Inc., Michaels Stores Inc., Tractor Supply Company, At Home Group Inc., Dick's Sporting Goods Inc., Academy Sports and Outdoors Inc., PetSmart Inc., Party City Holdco Inc., Ulta Beauty Inc., Sally Beauty Holdings Inc., Office Depot Inc.</b>
The department stores and other general merchandise stores market report table of contents includes:
- Executive Summary
- Department Stores And Other General Merchandise Stores Market Characteristics
- Department Stores And Other General Merchandise Stores Market Trends And Strategies
- Department Stores And Other General Merchandise Stores Market - Macro Economic Scenario
- Global Department Stores And Other General Merchandise Stores Market Size and Growth
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- Global Department Stores And Other General Merchandise Stores Market Competitive Benchmarking
- Global Department Stores And Other General Merchandise Stores Market Competitive Dashboard
- Key Mergers And Acquisitions In Department Stores And Other General Merchandise Stores Market
- Department Stores And Other General Merchandise Stores Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Walmart Inc
- Costco Wholesale Corp
- Target Corporation
- Carrefour SA
- Dollar General Corporation
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The Business Research Company published its Department Stores & Other General Merchandise Stores Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Department Stores & Other General Merchandise Stores market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Department Stores & Other General Merchandise Stores market’s segments-1) By Type: Department Stores, Other General Merchandise Stores2) By Ownership: Retail Chain, Independent Retailer.
View Complete Report:https://www.thebusinessresearchcompany.com/report/department-stores-and-other-general-merchandise-stores-global-market-report-2020-30-covid-19-impact-and-recoveryDepartment Stores & Other General Merchandise Stores Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global department stores & other general merchandise stores market is expected to decline from $1843.6 billion in 2019 to $1810 billion in 2020 at a compound annual growth rate (CAGR) of -1.9%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
Lager Beer (Beer & Cider) Market in Chile — Outlook to 2022: Market Size, Growth and Forecast Analytics is a broad level market review of Lager Beer market in Chile.
Lager Beer market in Chile registered a positive compound annual growth rate (CAGR) of 10.38% during the period 2012 to 2017 with a sales value of CLP 2,014,753.01 Million in 2017, an increase of 6.70% over 2016.
The market achieved its strongest performance in 2013, when it grew by 18.69% over its previous year and its weakest performance in 2016, when it increased by 6.28% over 2015.
Furthermore, the research handbook details out Sales Value and Volume for top brands for the year 2014 to 2017 and overall market sales by Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Department Stores, Dollar Stores, Variety Store, Cash & Carries and Warehouse clubs, eRetailers, Food & Drinks specialists, Drug stores & Pharmacies, Health & Beauty Stores, Other general retailers and others) where ever applicable.
The research handbook acts as an essential tool for companies active or planning to venture in to Chile’s Lager Beer (Beer & Cider) market.
The comprehensive statistics within the research handbook provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting.
The "Global Department Stores Retailing, 2017-2022", report, published by, provides analysis of current and forecast market data for department store retail sales globally.
Department stores sales are projected to reach US$614.9 billion growing at a CAGR of 5.3% from 2017-2022.
The channel recovery is attributed to improvement in the global economy and rising disposable incomes, encouraging discretionary spending and stimulating demand.
Additionally, increasing tourism and the ensuing rise in tourist expenditure, increasing investment on the omnichannel experience and product diversification and personalization are set to support sales through department stores over the next five years.
This report offer - Current department store market sizes and forecasts to 2022 - Market insights based on consumer trends and changing economic and demographic factors - Department store retail sales and fastest-growing markets for department stores - Category level retail sales and forecast growth rates globally - Competitive landscape covering market share of major department store and their sales and trading update analysis, recent key events.
Scope - Global department sales to reach US$614.9 billion in 2022 - Middle East and Africa set to grow the fastest, extending lead over Australasia - Retailers are adopting novel strategies to stay competitive - Retailers offer personalized experiences to boost sales - Rightsizing is the new norm in the department stores landscape - Departments stores lose share across every product category bar luggage & leather goods.
