Industry Analysis & Industry Trends
The Department Stores industry exhibited fluctuating performance trends during the five years to 2014 and while some department stores have flourished, others have struggled. Stores in this industry operate in two distinct segments: up-market department stores and discount variety counterparts. Similar to other retail stores, traditional department stores within the industry have suffered from declining demand and rising competition, which has reduced sales. In the five years to 2019, however, the industry is forecast to experience better results on the strength of the economic recovery, and revenue is forecast to increase, not without looming competition from online retailers... purchase to read more
Industry Report - Industry Key Buyers Chapter
The majority of stores in this industry are part of a national chain and have numerous locations in the United States. In addition, stores tend to be on the larger side, with almost 90.0% of all stores employing more than 50 employees. Industry concentration measures the extent to which the top four players dominate an industry. According to IBISWorld estimates, the top four largest industry operators are expected to account for about 79.5% of industry revenue in 2014.
Moving forward, consolidation is expected to continue to take place within this industry as competition mounts between operators for consumer dollars. In response, IBISWorld anticipates that operators will continue to review and diversify their product range and quality in a bid to meet consumer demand... purchase to read more