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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Report with TOC @ http://www.radiantinsights.com/research/global-department-stores-retailing-2015-2020
Synopsis
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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
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Details market size and category forecasts for each region and countries, and
features major retailers, key innovative retailers, and department store retail
trends
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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
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Global department store sales are forecast to reach US$675.9 billion by 2020,
with major impetus from developing economies
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Clothing and footwear remained the most preferred category through the channel
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Shoppers seeking discounts and savings are driving sales in off-price
department stores
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Indonesia will grow the fastest during the forecast period, followed by India
and Philippines
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Despite a slow growth in the US, the market will continue to be the largest
market in 2020
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