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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Locations Chapter

In 2014, IBISWorld estimates that the West region will account for 21.1% of revenue and 15.3% of industry establishments. In most retail industries, revenue and establishment shares correlate closely with population shares: more people in a given region typically translates to higher demand for goods. However, there are a number of divergent trends among some key regions of this industry. In fact, the US Census Bureau estimates that the West region accounts for 17.0% of population. The four-percentage point differential between revenue and population is significant: this region has an average per capita personal income level above the national average. California accounts for the highest share of revenue, representing 16.3% of the industry's total revenue alone... 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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