Discount Department Stores
The Discount Department Stores industry has struggled during the five-year period due to declining demand and intense competition, with revenue declining over the five years to 2018. Rising competition from existing players that already dominate the industry, as well as newer online platforms has accelerated industry revenue declines. Additionally, an increasing number of operators, such as Walmart Inc., have expanded into selling groceries, making many of their stores not relevant to industry performance. Over the five years to 2023, industry revenue is anticipated to continue declining, as operators are anticipated to continue to experience intense competition both internally and externally, leading to further industry consolidation and price-based competition.
This industry comprises retailers that sell various consumer goods at discounted prices. Unlike department stores that have separate cash registers in each department, discount department stores generally have central customer checkout locations.
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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