Overview

Off the rack: Continued online retail growth is forecast to contribute to industry declines

IBISWorld’s Department Stores in Illinois Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Department Stores in Illinois industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Online companies are increasingly undercutting traditional department store prices since they save on operational costs
  • Many operators are focusing more on e-commerce rather than their brick-and-mortar sales
  • Up-market retailers will target niche, luxury consumers with off-price retail establishments

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    Industry Analysis & Industry Trends

    The Department Stores industry has continued its long-term decline over the five years to 2017, with revenue expected to fall over the period. The cause of the industry's decline is twofold: rising competition from e-commerce has siphoned consumer demand from the industry brick-and-mortar stores, and major players like Walmart have expanded their product range to include groceries, which transitions their revenue to the Warehouse Clubs and Supercenters industry (IBISWorld report 45291). The brick-and-mortar stores that operate in the industry incur higher operational costs than online-based businesses because they pay for high-traffic retail space and require sales associates...

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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 and footwear, drugs and cosmetics, home goods and 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 49.8% of total sales generated from this product group. This product segment is relatively smaller in Illinois compared with the United States a whole. Ove..

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    Additional Insights for the Department Stores in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Department Stores in Illinois Industry are

  • Ability to control stock on hand
  • Experienced work force
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Percentage of services conducted online and Import penetration into the manufacturing sector in the Department Stores in Illinois industry impact industry performance..

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    Industry Products

    What is the Department Stores in Illinois 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
    Drugs and cosmetics
    Men's apparel and footwear
    Children's apparel and footwear
    Toys and hobby goods
    Nongrocery food items
    Women's apparel and footwear
    Home goods and appliances
    Industry Activities
    Retailing apparel and accessories
    Retailing appliances and home furnishings
    Retailing toys and sporting goods
    Retailing other general merchandise

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Percentage of services conducted online
  • Import penetration into the manufacturing sector
  • Per Capita Disposable Income in Illinois
  • Time spent on leisure and sports

  • Current Performance
  • Online competition
  • Store closures
  • Supercenter conversion
  • Chart: Revenue Growth

  • Industry Outlook
  • Conditions and competition
  • Industry structure
  • Bright spots
  • Table: Department Stores in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Department Stores in Illinois Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Ceramics Manufacturing
  • Footwear Wholesaling
  • Hardware Manufacturing
  • Household Furniture Manufacturing
  • Major Household Appliance Manufacturing
  • Manufacturing
  • Men's & Boys' Apparel Wholesaling
  • Shoe & Footwear Manufacturing
  • Vacuum, Fan & Small Household Appliance Manufacturing
  • Women's & Children's Apparel Wholesaling

  • Products & Services
  • Women's apparel and footwear
  • Drugs and cosmetics
  • Home goods and appliances
  • Men's apparel and footwear
  • Children's apparel and footwear
  • Toys and hobby goods
  • Nongrocery food items
  • Other
  • Chart: Department Stores in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 45 to 54
  • Consumers aged 35 to 44
  • Consumers aged 25 to 34
  • Consumers aged 55 to 64
  • Consumers under 25 years old
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Department Stores in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationMarketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Department Stores in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Department Stores in Illinois Industry

  • Major Companies
    Target Corporation JCPenney Company, IncNordstrom Inc.Sears Holdings CorporationMacy'sNeiman Marcus Group Inc.Wal-mart Stores Inc.
  • Table: Target Corporation - financial performance
  • Table: JCPenney Company, Inc - financial performance
  • Table: Nordstrom Inc. - financial performance
  • Table: Sears Holdings Corporation - financial performance
  • Table: Macy's - financial performance
  • Table: Neiman Marcus Group Inc. - financial performance
  • Table: Wal-mart Stores Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Department Stores in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Department Stores in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Big-Box Retailer
  • A relatively new store format characterized by its large size. These stores sell similar merchandise as department stores, but also include grocery items. Also referred to as supercenters.
  • Black Friday
  • The day following Thanksgiving Day in the United States. It traditionally marks the beginning of the Christmas shopping season and thus many retailers host sales with heavy discounts.
  • Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Department Stores in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Department Stores in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Department Stores in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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