Global Department Stores Market Size , Share , Retail Sales , Value , Trends , Analysis and Forecasts 2020
Global Department Stores Market Size , Share , Retail Sales , Value , Trends , Analysis and Forecasts 2020
Summary 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 .
Access Full Report with TOC @ http :// www . radiantinsights . com / research / global-department-stores-retailing- 2015-2020
Synopsis - 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
Key Findings - 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 Reasons To Buy