Industry Analysis & Industry Trends
The Department Stores industry will continue its long-term decline over the five years to 2016. While rising competition from e-commerce has accelerated declines, revenue contraction is primarily attributable to the increasing number of major players that have expanded their product range to include groceries, which transitions their revenue to other industries. Over the five years to 2021, increased competition from e-commerce businesses and the continued transition of department stores to supercenters will pressure industry revenue. Improved consumer spending and disposable income, however, will encourage consumers to spend more at department stores, which will offset some of the period's declines.
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Industry Report - Industry Products Chapter
While this industry is segmented into two distinct types of operators (up-market department stores and their discount variety counterparts), both types of stores retail a wide assortment of general merchandise. IBISWorld categorizes industry products into five groups: apparel, drugs and cosmetics, furniture and household appliances, toys and hobby goods and other products.
Apparel and footwear
The industry predominantly sells men's, women's and children's clothing, shoes and accessories, with an estimated 42.8% of total sales generated from this product group. Over the past five years, apparel and footwear sales have somewhat increased as a share of industry revenue because many consumers opt to purchase these items in store, rather than online... purchase to read more