Dublin, Feb. 18, 2021 (GLOBE NEWSWIRE) -- The "Department Stores & Other General Merchandise Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global department stores & other general merchandise stores market as it emerges from the COVID-19 shut down.
The global department stores & other general merchandise stores market is expected to grow from $1439.01 billion in 2020 to $1756.24 billion in 2021 at a compound annual growth rate (CAGR) of 22%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2175.97 billion in 2025 at a CAGR of 6%.
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Where is the largest and fastest growing market for the department stores & other general merchandise stores? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Department Stores & Other General Merchandise Stores market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider department stores & other general merchandise stores market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The department stores & other general merchandise stores market section of the report gives context. It compares the department stores & other general merchandise stores market with other segments of the retail market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, department stores & other general merchandise stores indicators comparison.
North America was the largest region in the global department stores & other general merchandise stores market, accounting for 43% of the market in 2020. Western Europe was the second largest region accounting for 26% of the global department stores & other general merchandise stores market. Africa was the smallest region in the global department stores & other general merchandise stores market.
Self-checkout technology is being widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading and employees to operate the checkout counter. This type of automation reduces operational costs and saves the time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, according to a survey on self-service checkouts of multiple countries found 90% of respondents use self-checkouts, of which Australia and Italy were leading. Wal-Mart has installed 10000 self-checkout systems in its 1200 stores across the USA.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the department stores & other general merchandise stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in decline in manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the department stores & other general merchandise stores market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The department stores & other general merchandise stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers and building loyalty, data has become critical for most retail operations. For instance, the global retail analytics market is expected to rise up to $5.1 billion by 2020. With the rapid growth in retail data and the availability of technologies to analyse data it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Department Stores & Other General Merchandise Stores Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Department Stores & Other General Merchandise Stores Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Department Stores & Other General Merchandise Stores Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Department Stores & Other General Merchandise Stores Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Department Stores & Other General Merchandise Stores Market Trends And Strategies
8. Impact Of COVID-19 On Department Stores & Other General Merchandise Stores
9. Department Stores & Other General Merchandise Stores Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Department Stores & Other General Merchandise Stores Market Regional Analysis
10.1. Global Department Stores & Other General Merchandise Stores Market, 2020, By Region, Value ($ Billion)
10.2. Global Department Stores & Other General Merchandise Stores Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Department Stores & Other General Merchandise Stores Market, Growth And Market Share Comparison, By Region
11. Department Stores & Other General Merchandise Stores Market Segmentation
11.1. Global Department Stores & Other General Merchandise Stores Market, Segmentation By Type
11.2. Global Department Stores & Other General Merchandise Stores Market, Segmentation By Ownership
12. Department Stores & Other General Merchandise Stores Market Metrics
12.1. Department Stores & Other General Merchandise Stores Market Size, Percentage Of GDP, 2015-2025, Global
12.2. Per Capita Average Department Stores & Other General Merchandise Stores Market Expenditure, 2015-2025, Global
13. Asia-Pacific Department Stores & Other General Merchandise Stores Market
14. Western Europe Department Stores & Other General Merchandise Stores Market
15. Eastern Europe Department Stores & Other General Merchandise Stores Market
16. North America Department Stores & Other General Merchandise Stores Market
17. South America Department Stores & Other General Merchandise Stores Market
18. Middle East Department Stores & Other General Merchandise Stores Market
19. Africa Department Stores & Other General Merchandise Stores Market
20. Department Stores & Other General Merchandise Stores Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Wal-Mart
20.3.1.1. Company Overview
20.3.1.2. Products And Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Costco
20.3.2.1. Company Overview
20.3.2.2. Products And Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Kroger
20.3.3.1. Company Overview
20.3.3.2. Products And Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. Schwarz Unternehmens Treuhand KG
20.3.4.1. Company Overview
20.3.4.2. Products And Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. Carrefour
20.3.5.1. Company Overview
20.3.5.2. Products And Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers And Acquisitions In The Department Stores & Other General Merchandise Stores Market
22. Market Background: Retail Market
22.1. Retail Market Characteristics
22.2. Retail Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
22.3. Global Retail Market, 2020, By Region, Value ($ Billion)
22.4. Global Retail Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
22.5. Global Retail Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)
23. Recommendations
23.1. Global Department Stores & Other General Merchandise Stores Market In 2025- Growth Countries
23.2. Global Department Stores & Other General Merchandise Stores Market In 2025- Growth Segments
23.3. Global Department Stores & Other General Merchandise Stores Market In 2025- Growth Strategies
24. Appendix
24.1. NAICS Definitions Of Industry Covered In This Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. The Publisher
25. Copyright And Disclaimer
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