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