Window shopping: Revenue has declined as operators have transitioned into supercenters

Operators in the Department Stores industry in Ohio have struggled over the five years to 2018, as competition from specialty and online retailers has intensified. As consumers have become more comfortable using the internet to make purchases, the brick-and-mortar retailers that operate in this industry have increasingly lost sales to e-tailers. Online retailers offer convenience by enabling consumers to shop from the comfort of their home or on-the-go, and are often able to provide competitive prices since they incur lower overhead costs than traditional brick-and-mortar retailers. As a result of intense external competition, industry revenue has declined at a strong annualized rate of 3.5% over the five years to 2018, totaling $5.4 billion...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
-3.5%
Forecast Growth 18-23
Profit
Employment
32,750
Businesses
298

Industry Threats & Opportunities

  • Time-strapped consumers have sought out establishments where they can buy all their necessities under one roof
  • Additional Insights for the Department Stores in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Department Stores in Ohio 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 Ohio industry impact industry performance..

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    What's in this report

    What is the Department Stores in Ohio 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 clothing and footwear
  • Men's clothing and footwear
  • Home goods and appliances
  • Drugs and cosmetics
  • Children's clothing and footwear
  • Toys and hobbies
  • Nongrocery food items
  • Industry Activities
  • Retailing apparel and accessories
  • Retailing appliances and home furnishings
  • Retailing toys and sporting goods
  • Retailing other general merchandise
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Percentage of services conducted online
  • Import penetration into the manufacturing sector
  • Per capita disposable income in Ohio
  • Time spent on leisure and sports

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Department Stores in Ohio Industry Lifecycle vs The Economy

  • 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 clothing and footwear
  • Home goods and appliances
  • Drugs and cosmetics
  • Men's clothing and footwear
  • Children's clothing and footwear
  • Nongrocery food items
  • Toys and hobbies
  • Other
  • Chart: Department Stores in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 26 to 45
  • Consumers aged 46 to 65
  • Consumers aged under 25
  • Consumers aged over 65
  • Chart: Major Market Segmentation for the Department Stores in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Department Stores in Ohio

  • Basis of Competition
    Barriers to Entry
    Target Corporation, Macy's Inc., Sears Holdings Corporation, J. C. Penney Corporation Inc., Nordstrom Inc., Walmart Inc.,
  • Table: Target Corporation - financial performance
  • Table: Macy's Inc. - financial performance
  • Table: Sears Holdings Corporation - financial performance
  • Table: J. C. Penney Corporation Inc. - financial performance
  • Table: Nordstrom Inc. - financial performance
  • Table: Walmart Inc. - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Department Stores in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Disposable Income in Ohio (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Department Stores in Ohio industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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