Department Stores in Canada
Despite macroeconomic growth, the Department Stores industry has declined over the five years to 2017, due to increased external competition from supercentres and e-commerce sites. Department stores typically sell a wide range of general merchandise, including apparel, cosmetics, home furnishings, appliances and toys. Comparatively, supercentres offer similar merchandise, as well as groceries. Profit has also suffered over the five years to 2017, as many industry operators have slashed their selling prices in order to remain attractive to customers. Over the five years to 2022, the industry is forecast to continue contracting.
This industry retails a broad range of general merchandise in one store, such as apparel, jewellery, cosmetics, home furnishings, general household products, toys, appliances and sporting goods. Discount department stores, which are also included in the industry, retail similar lines of goods at low prices. Big-box retailers and supercentres that offer fresh groceries in their stores and warehouse clubs that operate under membership programs, however, are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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