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.
... purchase to read more
Industry Report - Industry Analysis Chapter
The Department Stores industry is made up of retailers that sell a wide range of merchandise, including apparel, footwear, home goods, appliances, toys and sporting equipment. While big-box retailers, such as Walmart and Target, have historically dominated the industry, many have expanded their product offerings in recent years to include groceries. This one-stop-shop format has boosted revenue for these companies; however, general merchandise stores that offer groceries are included in the Warehouse Clubs and Supercenters industry (IBISWorld report 45291), which effectively removes them from the Department Stores industry... purchase to read more