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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - Starting a New Business Chapter

A number of key factors may encourage or indirectly act as a prohibitive measure for new entrants in the Department Stores industry. The economies of scale illustrate the level of market dominance held by key players in the industry. This industry exhibits a high level of industry concentration with the top four players estimated to account for about 79.5% of industry revenue. Industry concentration has increased following merger and acquisition activity and major player store expansion. Hence, new entrants would encounter a challenging environment as they strive for market share... 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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