Press release
Department Store Retailing Market Lifts the Industry by 2020
Department Store Retailing Market
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Rising disposable income, increasing promotional activity, increasing consumer confidence and ever-increasing population in the developing countries are some of the major driving force for department store retailing market. With the lower effect of economic recession, employment rate and disposable income levels are raising, which allows the consumer to spend more on products such as apparels, cosmetics and toiletries. Thus increase in the confidence level of consumer which allows them to spend money easily. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India medium household income increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013.
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The major companies operating in the department store retailing market include David Jones, Myer, Nordstrom, JCPenny, KOHL’S, Dillard’s, Hudson’s Bay Company, Falabella, Lojas Riachuelo and Liverpool.
Key points covered in the report
• Report segments the market on the basis of types, application, products, technology, etc (as applicable)
• The report covers geographic segmentation
o North America
o Europe
o Asia
o RoW
• The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
• The report provides company profiles of some of the leading companies operating in the market
• The report also provides porters five forces analysis of the market.
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Global department store retail market is expected to grow at a CAGR of 5.4% during 20152020, driven by the rising purchasing power of the middle-class population, young working professionals, and the expansion of department stores in emerging markets. Off-price department store sales are growing positively in North America, and the format is expected to gain popularity in Europe in…
