Department Stores Market Size 2023 | New Business Opportunities with Covid-19 Effect, Growth Drivers, Latest Trends, Future Demand, Analysis by Top Leading Player till Forecast 2031
The department stores & other general merchandise stores market comprises establishments selling a wide variety of products such as housewares, furniture, consumer electronics, toiletries, toys, greeting cards, plastic wares, hardware, jewelry items, shoes, kitchen appliances, clothes, readymade garments, bakery, music world, gift items, cell phones, home appliances, cooking wares, furniture, sports equipment, frozen food and grocery items. They operate from fixed point-of-sale locations with equipment and staff capable of retailing a large variety of goods from a single location.This report focuses on global and United States Department Stores market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Department Stores market size is estimated to be worth USD 546630 million in 2022 and is forecast to a readjusted size of USD 661890 million by 2028 with a CAGR of 3.2% during the review period. Western Europe was the largest region in the department stores & other general merchandise stores market in 2017, accounting for around 30% of the market. This can be attributed to the region’s developed economy, high private investment, and large demand for high-end FMCG products. Asia Pacific was the second largest region accounting for around 24% of the market. Middle East was the smallest region accounting for around 4% of the market. This was mainly because the Middle East is economically the smallest region.Department Stores market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Department Stores market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in Department Stores Market are:
Wal-Mart
Costco
Metro AG
Kroger
Carrefour
Target
Macy’s
Sears
Kohl’s
Nordstrom
JCPenney
CR Vanguard
RT-MART
BHG
Bailian Group
Yonghui Superstores
Trust-Mart
Market Segment by Type:
Large Size
Small Size
Market Segment by Application:
Clothing and Footwear
Home and Kitchen Appliances
Bags
Wallets and Luggage
Watches and Jewelry
Cosmetics and Fragrances
Toys
Others
Now more than ever, understanding the Department Stores market is essential. The Department Stores Market Report offers a valuable look into the industry.
