Industry Analysis & Industry Trends
In the five years to 2015, 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 2020, 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 Investment Chapter
The capital intensity of this industry is low; for every dollar allocated to wages, about $0.11 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