Transforming the Department Stores And Other General Merchandise Stores Market in 2025: Retail Data Analytics Is Transforming The Shopping Experience And Supply Chain Efficiency

"What Is the Expected Size and Growth Rate of the Department Stores And Other General Merchandise Stores Market?
Recent years have witnessed a robust expansion in the market size of department stores and other general merchandise stores. This market, valued at $2967 billion in 2024, is set to cultivate to a staggering $3186.04 billion in 2025, with a commendable compound annual growth rate (CAGR) of 7.4%. The growth observed in the historic period is linked to an amalgamation of factors such as economic conditions, technological progression, consumer's choice, and globalization.

Anticipations point towards a robust expansion of the market for department stores & other general merchandise stores in the coming years. By 2029, it is predicted to swell to a size of $4070.95 billion, with a compound annual growth rate (CAGR) of 6.3%. The projected growth during the forecast period is perceived to be driven by factors such as e-commerce and online shopping, enhanced customer service and personalization, retail digitization, and technology incorporation in retail. Key trends for the forecasted period encompass e-commerce and omnichannel retailing, commitment to sustainability and ethical practices, adaptable store structures, and global growth.

What Factors Are Fueling Growth in the Department Stores And Other General Merchandise Stores Market?
Data analytics is being strategically integrated into the operational model of department stores and other general merchandise stores. This is to enhance supply chain capability, streamline functionalities and foster customer relationship building. The importance of data for retail operations can hardly be overstated. To put things in perspective, as per a July 2023 survey by World Economic Forum, a Switzerland based NGO, 60% of companies indicated that big data and analytics are increasingly becoming indispensable and they forecasted a high prospect of job creation in this field over the next five years. Between 2023 and 2027, the valuation of opportunities created by data science and analytics might rise to 1.4 million new jobs. With the exponential growth in retail data and the existence of sophisticated methods to analyze this data, it will be a lot simpler for convenience, mom and pop stores to understand and cater to their customer's expectations. This development, in turn, is speculated to contribute significantly to market growth in the coming times.

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Which Leading Companies Are Shaping the Growth of the Department Stores And Other General Merchandise Stores Market?
Major companies operating in the department stores and other general merchandise stores market include Walmart Inc., Costco Wholesale Corp, Target Corporation, Carrefour SA, Dollar General Corporation, Aeon Co. Ltd., Suning.com Co. Ltd., Macy's Inc., Kohl's Corporation, Tesco PLC, Amazon.com Inc., The Home Depot Inc., Lowe's Companies Inc., Best Buy Co. Inc., Penney OpCo LLC, Sears Holdings Corporation, Ross Stores Inc., Burlington Stores Inc., TJX Companies Inc., Big Lots Stores Inc., Five Below Inc., Ollie's Bargain Outlet Holdings Inc., Bed Bath & Beyond Inc., Michaels Stores Inc., Tractor Supply Company, At Home Group Inc., Dick's Sporting Goods Inc., Academy Sports and Outdoors Inc., PetSmart Inc., Party City Holdco Inc., Ulta Beauty Inc., Sally Beauty Holdings Inc., Office Depot Inc.

What Are the Major Trends Shaping the Department Stores And Other General Merchandise Stores Market?
The use of self-checkout technology has become common place in department stores, specialty shops and small convenience stores, adopting automated payment systems. This innovation integrates with a mobile software application to gather purchase information and process payments automatically. Featured in these systems are technologies such as Near Field Communication (NFC) or Quick Response (QR) code, an optically readable machine label. The application of this technology eradicates the needs for traditional checkouts, line ups, packing and unpacking of goods and the need for employees to man checkout counters. As a result, this streamlines the operational process, cutting costs and saving time otherwise consumed by manual billing. Self-checkout systems have gained significant traction in retail stores particularly in the US and UK. To illustrate, a multinational poll on self-service checkouts revealed 90% of participants utilize self-checkout systems, with Australia and Italy being the frontrunners. As a notable example, Wal-Mart has deployed 10,000 self-checkout systems in its 1200 stores throughout the US.

What Are the Key Segments of the Department Stores And Other General Merchandise Stores Market?
The department stores and other general merchandise stores market covered in this report is segmented -

1) By Type: Department Stores, Other General Merchandise Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By License: Branded, Brand Licensed, Unbranded

Subsegments:
1) By Department Stores: Full-Line Department Stores, Discount Department Stores, Specialty Department Stores, Other Department Stores
2) By Other General Merchandise Stores: Warehouse Clubs, Supercenters, Convenience Stores, Variety Stores, Dollar Stores, Online General Merchandise Stores, Other General Merchandise Retailers

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Which Region Dominates the Department Stores And Other General Merchandise Stores Market?
North America was the largest region in the department stores & other general merchandise stores market in 2023. Asia-Pacific was the second-largest region in the department stores & other general merchandise stores market. The regions covered in the department stores & other general merchandise stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Department Stores And Other General Merchandise Stores Global Market Report?

- Market Size Analysis: Analyze the Department Stores And Other General Merchandise Stores Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Department Stores And Other General Merchandise Stores Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Department Stores And Other General Merchandise Stores Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Department Stores And Other General Merchandise Stores Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

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