logo
logo
Sign in

Department Store Retail Market Growth

avatar
Aarkstore Enterprise
Department Store Retail Market Growth

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.

 

Category: Business Services Market Research

Aarkstore Enterprise

+91 7710006788 | [email protected] | www.aarkstore.com

collect
0
avatar
Aarkstore Enterprise
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more