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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 | Feb 2014

Back order: Consumer spending will boost revenue, but online competition will curb growth

IBISWorld’s Department Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$200bn
Annual Growth 09-14
0.3%
Annual Growth 14-19
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Profit
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Employment
1,204,547
Businesses
72
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

 


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 wearMen's wearFurniture and household appliancesDrugs and cosmeticsFootwearChildren's wearToys and hobbies
 
Industry Activities
Retailing a general line of merchandise


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