Department Stores in the UK - Industry Market Research Report
Description
Department Stores in the UK
Department stores face tough competition on all fronts from supermarkets, online-only retailers and specialist stores, which offer lower prices, broader ranges and greater convenience for consumers. Many department stores have ceased trading because of the challenging retail landscape, with the most notable industry exit being Debenhams in 2021. Weak real household disposable income growth has dented the prospects for department stores that rely so heavily on middle- and high-income families. The COVID-19 pandemic accelerated the high streets' demise, with department stores unable to operate for weeks on end during lockdown periods. Footfall figures remain still far below their pre-pandemic heights. Over the five years through 2023-24, department stores' revenue is forecast to contract at a compound annual rate of 2.7% to £35.6 billion, despite growth of 0.7% in 2023-24.
Department stores retail a wide range of general merchandise, including clothing, household appliances, toys, games, personal-care products and garden equipment. Non-specialised stores that primarily sell food are classified as supermarkets and are not included in the 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.
Department stores face tough competition on all fronts from supermarkets, online-only retailers and specialist stores, which offer lower prices, broader ranges and greater convenience for consumers. Many department stores have ceased trading because of the challenging retail landscape, with the most notable industry exit being Debenhams in 2021. Weak real household disposable income growth has dented the prospects for department stores that rely so heavily on middle- and high-income families. The COVID-19 pandemic accelerated the high streets' demise, with department stores unable to operate for weeks on end during lockdown periods. Footfall figures remain still far below their pre-pandemic heights. Over the five years through 2023-24, department stores' revenue is forecast to contract at a compound annual rate of 2.7% to £35.6 billion, despite growth of 0.7% in 2023-24.
Department stores retail a wide range of general merchandise, including clothing, household appliances, toys, games, personal-care products and garden equipment. Non-specialised stores that primarily sell food are classified as supermarkets and are not included in the 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.
Table of Contents
47 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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