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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 | Jan 2016

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

IBISWorld’s Department Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$165bn
Annual Growth 11-16
-3.7%
Annual Growth 16-21
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Profit
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Employment
983,405
Businesses
65
Industry Analysis & Industry Trends

The Department Stores industry will continue its long-term decline over the five years to 2015. 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 the Warehouse Clubs and Supercenters industry. In the coming years, growing competition from online retailers is expected to place further price pressures on industry operators... purchase to read more

Industry Report - Industry Products Chapter

While this industry is segmented into two distinct types of operators — up-market department stores and their discount variety counterparts — both types of stores retail a wide assortment of general merchandise. IBISWorld categorizes industry products into five groups: apparel, drugs and cosmetics, furniture and household appliances, toys and hobby goods and other.

Apparel and footwear

The industry predominantly sells men's, women's and children's clothing, shoes and accessories, with an estimated 42.8% of total sales generated from this product group. Women's wear is the most popular product group in the industry, and revenue has remained relatively stable over the past five years because women have remained consistent buyers of clothing and accessories... 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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