Global Department Stores Market 2025-2029

Department Stores Market 2025-2029

The department stores market is forecasted to grow by USD 55.2 bn during 2024-2029, accelerating at a CAGR of 5.1% during the forecast period. The report on the department stores market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by urbanization and rising disposable income, brand partnerships and exclusive product lines, and growing consumer demand for variety.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's department stores market is segmented as below:

By Type

• Mainline store
• Discount store
• Specialty store
• E-department stores

By Product

• Hardline and softline
• Apparel and accessories
• FMCG

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the focus on experiential retailing as one of the prime reasons driving the department stores market growth during the next few years. Also, shift toward flexible store formats and sustainability and ethical practices will lead to sizable demand in the market.

The report on the department stores market covers the following areas:

• Department Stores Market sizing
• Department Stores Market forecast
• Department Stores Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading department stores market vendors that include AEON CO. LTD., Cencosud, David Jones Pty Ltd, Dillards Inc,, El Corte Ingles SA, El Puerto de Liverpool, Galeries Lafayette, ISETAN MITSUKOSHI, Kohls Inc, Le Bon Marche, Macys Inc., Marks and Spencer Group plc, Myer Holdings Ltg, Neiman Marcus Group Ltd. LLC, Nordstrom Inc., Penney IP LLC, Reliance Retail Ltd., The KaDeWe Group GmbH, Transform SR Holding Management LLC, and Wesfarmers Ltd.. Also, the department stores market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.