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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 | Jul 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 over 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, thus reducing sales. In the five years to 2019, however, the industry is forecast to experience stronger results on the strength of the economic recovery and revenue is forecast to increase, but not without looming competition from online retailers... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

In the 10 years to 2019, industry value added, which measures the Department Stores industry's contribution to the overall economy, is expected to increase at an annualized rate of about 1.4%. Meanwhile, US GDP is anticipated to rise at an annualized rate of 2.7% over the same period. Typically, an industry is considered to be in a decline phase of its life cycle when industry growth falls below GDP. In contrast, a growth phase occurs when industry revenue outpaces GDP, while a mature phase occurs when revenue growth mirrors US GDP. The recession took a toll on the industry and many companies have failed to adapt accordingly to a postrecessionary environment in which consumers are easily able to compare prices and access online retailers... 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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