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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 | Sep 2014

Back order: Intense price-based competition will lead to industry declines, despite an improving economy

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
$166bn
Annual Growth 09-14
-4.1%
Annual Growth 14-19
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Profit
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Employment
988,587
Businesses
72
Industry Analysis & Industry Trends

In the five years to 2014, heightened price-based competition from online retailers has limited industry demand despite increased consumer spending. The Department Stores industry will continue contracting over the five years to 2019, albeit a slower rate. Growing competition from online retailers is expected to place further price pressures on industry operators, while even more companies shift to the Warehouse Clubs and Supercenters industry (IBISWorld report 45291). To effectively compete, operators will target niche luxury consumers or expand their outlet store presence... 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 decline at an annualized rate of about 2.9%. Meanwhile, US GDP is anticipated to rise at an annualized rate of 2.5% over the same period. Typically, an industry is considered to be in the declining phase of its life cycle when industry growth falls below 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 apparel and accessoriesRetailing appliances and home furnishingsRetailing toys and sporting goodsRetailing other general merchandise


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