The department stores and other general merchandise stores global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Department Stores And Other General Merchandise Stores Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The department stores & other general merchandise stores market size has grown strongly in recent years. It will grow from $2724.24 billion in 2023 to $2917.02 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to economic conditions, consumer preference, technological advancements, globalization.
The department stores & other general merchandise stores market size is expected to see strong growth in the next few years. It will grow to $3782.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to e-commerce and online shopping, customer experience and personalization, digitization of retail, retail technology integration. Major trends in the forecast period include e-commerce and omnichannel retailing, sustainability and ethical practices, flexible store formats, international expansion.
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Scope Of Department Stores And Other General Merchandise Stores Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Department Stores And Other General Merchandise Stores Market Overview
Market Drivers –
Department stores and other general merchandise stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, in July 2023, according to the World Economic Forum, a Switzerland-based non-governmental organization (NGO), 60% of corporations think that big data and analytics capabilities are becoming more crucial and this technology is most likely to result in the creation of new jobs over the next 5 years. Additionally, between 2023 and 2027, data science and data analytics may create up to 1.4 million new jobs. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
- Executive Summary
- Department Stores And Other General Merchandise Stores Market Characteristics
- Department Stores And Other General Merchandise Stores Product/Service Analysis -Product/Service Examples
- Department Stores And Other General Merchandise Stores Market Trends And Strategies
- Department Stores And Other General Merchandise Stores Market – Macro Economic Scenario
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- Key Mergers And Acquisitions In The Department Stores And Other General Merchandise Stores Market
- Department Stores And Other General Merchandise Stores Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Department Stores And Other General Merchandise Stores Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Department Stores And Other General Merchandise Stores Market, Segmentation By Ownership, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Department Stores And Other General Merchandise Stores Market, Segmentation By Lisence, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 144: Walmart Inc. Financial Performance
Table 145: Costco Wholesale Corp Financial Performance
Table 146: Target Corporation Financial Performance
Table 147: Carrefour SA Financial Performance
Table 148: Dollar General Corporation Financial Performance
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