Industry Analysis & Industry Trends
The Department Stores industry fought tough conditions over the five years to 2013. Weak consumer confidence and low disposable income deterred households from making discretionary purchases during the recession, causing demand and sales for traditional department stores to fall substantially. However, these poor conditions did not translate into lower profit for operators. Instead, industry profit rose as a result of a sales mix of high margin items and expense management. Consequently, despite looming competition, continued economic recovery is forecast to aid the industry's growth in the five years to 2018 as disposable income increases... purchase to read more
Industry Report - Industry Investment Chapter
The capital intensity of this industry is low; for every dollar allocated to wages, about $0.10 unit is spent on capital assets. The size and number of stores in operation influence the level of capital expenditure. Expenditure on store utilities (e.g. lights and clothing racks) is estimated to have remained fairly stable in recent years, and occur when a new enterprise enters the industry or when existing stores are refurbished. Alternatively, expenditure on technological equipment (e.g. computerized cash registers) has experienced considerable growth over the past decade.
The duties employees undertake include customer service and advice, processing consumer purchases, arranging store layout and replenishing store shelves... purchase to read more