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Department Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Department Stores Market Research Report | NAICS 45211 | Jun 2016

Stored away: Continued retail outlet growth is forecast to contribute to industry declines

IBISWorld’s Department Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$168bn
Annual Growth 11-16
-3.1%
Annual Growth 16-21
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Profit
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Employment
970,571
Businesses
23
Industry Analysis & Industry Trends

The Department Stores industry will continue its long-term decline over the five years to 2016. While rising competition from e-commerce has accelerated declines, revenue contraction is primarily attributable to the increasing number of major players that have expanded their product range to include groceries, which transitions their revenue to other industries. Over the five years to 2021, increased competition from e-commerce businesses and the continued transition of department stores to supercenters will pressure industry revenue. Improved consumer spending and disposable income, however, will encourage consumers to spend more at department stores, which will offset some of the period's declines.


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Industry Report - Industry Key Buyers Chapter

The Department Stores industry has a high level of market share concentration, with the top four companies accounting for 70.0% of total industry revenue in 2016. The industry has several major players, and all hold between 6.0% and 13.0% of industry market share, with the exception of Target Corporation, which accounts for 33.8% of industry revenue. The majority of stores in this industry operate as part of a national chain, with numerous locations across the United States. In addition, stores tend to be on the larger side, with an average of 129 employees working in each establishment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Department Stores Industry?

Department stores retail a broad range of general merchandise, such as apparel, jewelry, cosmetics, home furnishings, general household products, toys, appliances and sporting goods. Discount department stores, which are also included in this industry, retail similar lines of goods at low prices. However, big-box retailers and supercenters that offer fresh groceries in their stores, and warehouse clubs that operate under membership programs, are not included in this industry.

Industry Products
Women's clothing and footwearMen's clothing and footwearHome goods and appliancesDrugs and cosmeticsChildren's clothing and footwearToys and hobbiesNongrocery food items
 
Industry Activities
Retailing apparel and accessoriesRetailing appliances and home furnishingsRetailing toys and sporting goodsRetailing other general merchandise


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