Global Department Stores Market Growth (Status and Outlook) 2024-2030

Global Department Stores Market Growth (Status and Outlook) 2024-2030

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.

The global Department Stores market size is projected to grow from US$ 515900 million in 2023 to US$ 650230 million in 2030; it is expected to grow at a CAGR of 3.4% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Department Stores Industry Forecast” looks at past sales and reviews total world Department Stores sales in 2023, providing a comprehensive analysis by region and market sector of projected Department Stores sales for 2024 through 2030. With Department Stores sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Department Stores industry.

This Insight Report provides a comprehensive analysis of the global Department Stores landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Department Stores portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Department Stores market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Department Stores and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Department Stores.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Department Stores market by product type, application, key players and key regions and countries.

Segmentation by type
Large Size
Small Size

Segmentation by application
Clothing and Footwear
Home and Kitchen Appliances
Bags, Wallets and Luggage
Watches and Jewelry
Cosmetics and Fragrances
Toys
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.