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    Department Stores Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 12/21/2020
    SIC Codes: 5311
    NAICS Codes: 452210
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Department Stores Industry Profile

    Companies in this industry operate physical retail establishments that sell items such as clothing, cosmetics, footwear, and home furnishings, typically from registers within individual departments. Major companies include JCPenney, Macy's, and Sears (all based in the US), as well as Debenhams and Marks & Spencer (UK), El Corte Ingles (Spain), Galeria Kaufhof (Germany), Galeries Lafayette (France), Hudson's Bay Co (Canada), and Isetan Mitsukoshi (Japan).

    While department store sales historically have been strongest in Europe, Japan, and the US, growth in these markets is declining amid increasing sales in China, Latin America, and the Asia-Pacific region. The global department store sales are expected to reach over $12 billion by 2030, with a compound annual growth rate of 4% during the forecast period of 2020 to 2030, according to PMR.

    The US department store industry includes about 14 companies that operate about 4,300 stores stores with a combined annual revenue of about $66 billion.

    Department stores differ from discount department stores, such as Walmart and Target, in that most department stores have checkout registers within individual merchandise departments instead of a central checkout area. A separate Discount Department Stores profile covers that industry.

    COMPETITIVE LANDSCAPE

    Technology and changing shopping preferences, particularly among younger consumers, are disrupting the retail industry. Online giant Amazon is poised to overtake Macy's as the biggest US seller of apparel (a major category for department stores), according to The Financial ...

     
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