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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 | Feb 2017

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

IBISWorld’s Department Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$157bn
Annual Growth 12-17
-3.8%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
992,109
Businesses
7,936
Industry Threats & Opportunities
  • Rising competition from e-commerce has accelerated industry declines
  • The industry has lost revenue in recent years due to the prevalence of online shopping
  • High consumer spending levels will aid traditional department store sales
  • ... purchase to read more

Industry Analysis & Industry Trends

The Department Stores industry has continued its long-term decline over the five years to 2017. 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 the Warehouse Clubs and Supercenters industry (IBISWorld report 45291). This trend is expected to continue through 2017. Over the five years to 2022, increased competition from e-commerce businesses and the continued transition of department stores to supercenters will pressure industry revenue. However, improved consumer spending and disposable income will encourage spending at department stores, which will offset some of the period's declines... ... purchase to read more

Industry Report - Industry Locations Chapter

Generally, the geographic distribution of department stores follows population trends, with the Southeast, Great Lakes, Mid-Atlantic and West regions holding large shares of both the US population and industry establishments. Consumers are the primary department store market; therefore, areas with larger populations are ideal for industry operators, as the pool of potential customers is bigger in those areas.

Southeast and Great Lakes

The Southeast and Great Lakes are both highly populous regions and represent the first and second-highest concentrations of industry establishments, with 24.7% and 17.5%, respectively. Florida, Illinois and Ohio house most of the regions' department stores, which corresponds with each of these states' large share of the US population. Flo.. ... purchase to read more

Additional Insights for the Department Stores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Department Stores 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 industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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 clothing and footwearMen's clothing and footwearHome goods and appliancesDrugs and cosmeticsChildren's clothing and footwearToys and hobbiesNongrocery food items
     
    Industry Activities
    Retailing apparel and accessoriesRetailing appliances and home furnishingsRetailing toys and sporting goodsRetailing 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
  • Time spent on leisure and sports
  • Current Performance
  • Supercenter conversion
  • Online competition
  • Profit and marketing
  • Chart: Revenue Growth
  • Industry Outlook
  • Conditions and competition
  • Industry structure
  • Table: Department Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Department Stores 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 clothing and footwear
  • Drugs and cosmetics
  • Home goods and appliances
  • Men's clothing and footwear
  • Children's clothing and footwear
  • Nongrocery food items
  • Toys and hobbies
  • Other
  • Chart: Department Stores Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Consumers aged 25 to 45
  • Consumers aged 45 to 65
  • Consumers aged under 25
  • Consumers aged over 65
  • Chart: Major Market Segmentation for the Department Stores Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation
  • Marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Department Stores
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Department Stores Industry
  • Industry Globalization
    Major Companies
    Target Corporation
    Macy's Inc.
    Sears Holdings Corporation
    Walmart Stores Inc.
    Nordstrom, Inc.
    JCPenney Company, Inc
  • Table: Target Corporation - financial performance
  • Table: Macy's Inc. - financial performance
  • Table: Sears Holdings Corporation - financial performance
  • Table: Walmart Stores Inc. - financial performance
  • Table: Nordstrom, Inc. - financial performance
  • Table: JCPenney Company, Inc - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Department Stores 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 Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • 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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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