Discount formats Encouraging Department Stores Sales Globally: Ken Research

Ken Research announced recent publication on “Global Department Stores Retailing 2015-2020,” which offers insights on Global department stores retail landscape including current market sizes, the Global fastest growing markets and category groups. Furthermore, in-depth analysis of the market size and category forecasts for the specific regions and countries, and also features major retailers, key innovative retailers, and department store retail trends. The publication covers the 50 largest retail markets including 24 countries in Europe, 12 countries in Asia-Pacific, nine countries in the Americas, and five countries in the Middle East and Africa, Furthermore, it offers shrewd analysis of the latest trends, market dynamics covering 9 category groups and key innovations in retail space in major countries across the four regions. Individual concentrating on the competitive landscape with analysis of key players across the four regions, including market share of the retailers for the region or on the latest trends can drive all such information from this publication.

Brick and mortar over Online Retailing

The online retailing has witnessed boom in the industry and along with it, it has brought challenges. For one, both brick and mortar pioneers immaculate play online behemoths are discovering that the fate of the business is not only on the web, yet rather in creative omni channel offerings that connect on the web and physical shopping. Subsequently, the dividers amongst brick and mortar and web based business are as of now descending. Physical stalwarts, for example, Walmart and Nordstrom keep on expanding their online offerings, while online pioneers from U.S.- based Amazon to Singapore’s Zalora are venturing into physical markets. Those retailers that can figure out how to combine on the web and offline setups most flawlessly could end up being the enormous victors.

Macro environment

The largest market for department store retailing is North America, followed by Europe whereas Asia Pacific is anticipated to be fastest growing market for department store retailing.

Rising disposable income, expanding promotional activities, elevating consumer confidence and ever-increasing populace in the developing regions are few of the major driving force for department store retailing market. With the low effect of economic recession, employment rate and disposable income levels are enhancing, which allows the consumer to spend more on products such as apparels, cosmetics and toiletries. Thus rise in the confidence level of consumer which allows them to spend money effortlessly.

Major Companies

The key companies operating in the department store retailing market incorporate

David Jones,
Myer,
Nordstrom,
JCPenny,
KOHL’S,
Dillard’s,
Hudson’s Bay Company,
Falabella,

Recent Trends

Rise in purchasing power of the middle-class populace, young working professionals, and the expansion of department stores in emerging markets. Off-price department store sales are elevating majorly in North America, and the format is anticipated to gain popularity in Europe in the near future. In an effort to offer a seamless shopping experience to the customers, department store retailers are developing novel innovative concepts such as virtual reality, augmented reality, and certain others.

Topics covered in the Report