Global Department Stores Retailing 2015-2020

نتيجة بحث الصور عن ‪clothing and footwear retail‬‏

Key Highlights –  Global analysis of clothing and footwear retail market

  • Over the next five years, Asia-Pacific will further expand its share to 45%+, while mature North American and Western European markets will struggle with slower growth rates.
  • Mergers and acquisitions are the major trends across the globe. It is expected to continue as retailers seek growth in new markets, omni-channel, and expand their business model.
  • The off-price department stores are becoming popular in developed markets, where high-end shoppers are seeking luxury products at lower prices and are ready to wait for them to become available in these stores.

Americas

  • Latin American markets will drive growth in the Americas department stores market, while Canada and the US witness slower growth.
  • Chile is the fastest-growing department stores market in the region, driven by growing disposable incomes, expansion of department stores, and the entry of new retailers via concessions.
  • In North America, major department store chains, such as Sears and Macy’s, are struggling to remain profitable due to shifting consumer attitudes towards savings. To seek growth, department stores are opening off-price formats, integrating innovative technological features in-store, promotions, and customer engagement.

Europe

  • Cautious spending continues among Western European consumers following the Eurozone crisis and now Brexit. These factors along with demand for fast fashion will contribute to the growth of the off-price format in major European markets as shoppers increase savings.
  • Central and Eastern European markets will be the major force behind regional department stores’ retail sales growth. To tap this opportunity, retailers are entering the market or expanding their existing store network. Increasing disposable income, fashion awareness, and the popularity of local brands will be key influencing factors.
  • However, growing preference for the online channel will be a challenge for department stores.

Asia Pacific

  • Growing middle classes in Indonesia, China, and India will fuel growth in the region.
  • Chinese department stores are transforming into activity centers to attract higher footfalls amid the rising popularity of the online channel. However, an ongoing urbanization trend, rising disposable income levels, and a growing middle class will support the growth in future.
  • An emerging middle-class population, a young workforce, and increasing popularity of private labels will contribute to department store sales in India.
  • Retailers are also opening new stores in the region to offer a high-end shopping experience and better brand visibility to luxury retailers.

Middle East and Africa

  • Increasing young and urban populations drive demand for the category in the region.
  • Young consumers, a growing economy, rising incomes, and an appetite for buying will drive the Saudi Arabian department stores retail market.

In the UAE, sales are thriving on the back of good economic conditions and a high tourist inflow, which is bolstered by the presence of major luxury brands.

Global Department Stores Retailing 2015-2020

Report Information:
Price:
$4,950 (Single User License)
Published: Nov 2016
Publisher: Verdict Retail
Report Format: electronic pdf

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s