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.
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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