Department Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/28/2017
SIC Codes: 5311
NAICS Codes: 452210
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Department Stores Industry Profile

Companies in this industry operate physical retail establishments that sell items such as clothing, cosmetics, footwear, and home furnishings, typically from registers within individual departments. Major companies include Dillard's, JCPenney, Macy's, and Sears (all based in the US), as well as Hudson's Bay Co. (Canada), Debenhams and Marks & Spencer (UK), El Corte Ingles (Spain), Galeria Kaufhof (Germany), Galeries Lafayette (France), and Isetan Mitsukoshi (Japan).

Department store sales have typically been strongest in Europe, Japan, and the US. The global department store market is forecast to grow at a compound annual rate of 5.4% between 2015 and 2020, according to GlobalData. Growth drivers include increasing middle-class populations and the rising purchasing power of young professionals in emerging markets. Indonesia is expected to experience the fastest growth, followed by India and the Philippines.

The US department store industry includes about 20 companies that operate about 3,250 stores with a combined annual revenue of about $55 billion.

Department stores differ from discount department stores, such as Wal-Mart and Target, in that most department stores have checkout registers within individual merchandise departments instead of a central checkout area. A separate Discount Department Stores profile covers that industry.

COMPETITIVE LANDSCAPE

Consumer spending and fashion trends drive demand. The profitability of individual companies depends on effective merchandising and marketing and high customer traffic. Large companies have economies of scale in purchasing, distribution, and marketing. Small companies can compete ...

 
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