The Department Stores Market Report is Segmented by Product Type (Apparel & Accessories, FMCG, Hardline, Softline), Store Format (Full-Line, Off-Price, Discount, Luxury, Online Department Stores, Small-format/Neighborhood), Ownership Model (Publicly Listed, Private, Cooperative, State-Owned), and Geography (North America, South America, and Other). The Market Forecasts are Provided in Terms of Value (USD), Based On Availability.

Unpredictable trading conditions have challenged the Department Stores industry over the past few years. Retailers’ revenue hiked in 2020-21 thanks to solid consumer spending on discretionary items, including expensive items like furniture. Government stimulus expanded real household discretionary income, encouraging consumer spending. However, the end of pandemic-related government support has weakened real household discretionary income and consumer sentiment, which has tightened consumers’ budgets for non-essential items sold at department stores in recent years. High inflation has also pressured department stores. A few enterprises entered the industry when business confidence heightened in 2021-22 and 2023-24. However, existing companies, including well-established players, have downsized floor space, reduced store numbers or opted to permanently leave the industry in recent years amid high inflation. These cost-saving strategies have fundamentally shrunk the industry’s size, with declines in profit and wages echoing this trend. Department stores have suffered from reduced consumer spending, which has harmed revenue, contributing to an expected 3.0% fall through the end of 2025-26, to an estimated $6.1 billion. Department stores have faced intense competition from online-only and specialty retailers offering affordable prices or unique products. An emerging consumer preference for personalised experiences has challenged department stores as many have shown strength in providing various products to broad consumer groups. Department stores’ income is projected to drop 2.9% in 2025-26. In response, department stores have been improving operational efficiencies, which include closing unprofitable stores and consolidating operations. Department stores have adopted data-driven technologies and omnichannel strategies to strengthen digital selling amid consumers’ growing online shopping habits. These measures have elevated profitability in recent years. Revenue is forecast to rise by an annualised0.4%, totalling $6.3 billion, through the end of 2030-31. A projected climb in real household discretionary income and consumer sentiment are forecast to stimulate consumer spending in department stores. Still, department stores will face fierce internal and external competition from specialty retailers, including apparel, furniture, sporting goods and electronics stores. Department stores that attract consumer interest through an expanded social media presence and strong multi-channel strategies can strengthen customer engagement and sales.

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Department Stores Market Size 2025-2029

The department stores market size is valued to increase by USD 55.2 billion, at a CAGR of 5.1% from 2024 to 2029. Urbanization and rising disposable income will drive the department stores market.

Major Market Trends & Insights

North America dominated the market and accounted for a 44% growth during the forecast period.
By Type - Mainline store segment was valued at USD 83.60 billion in 2023
By Product - Hardline and softline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 46.54 billion
Market Future Opportunities: USD 55.20 billion
CAGR from 2024 to 2029 : 5.1%

Market Summary

The market is experiencing significant transformation as urbanization and rising disposable income drive consumer demand for diverse and high-quality shopping experiences. This trend is leading retailers to focus on experiential retailing, offering unique in-store experiences to differentiate themselves from e-commerce competitors. However, this shift comes with challenges. Supply chain optimization is crucial to ensure stock availability and reduce operational inefficiencies. For instance, a leading department store chain improved its inventory turnover by 12% through advanced demand forecasting and real-time inventory management. Moreover, regulatory compliance is a major concern for department stores, especially in areas such as data privacy and labor laws.
Adhering to these regulations not only ensures business continuity but also builds trust with customers. Additionally, e-commerce giants continue to pose a threat with their convenience and competitive pricing. To counteract this, department stores are investing in digital technologies, such as mobile apps and personalized marketing, to enhance the shopping experience and drive customer loyalty. In conclusion, the market is undergoing a period of transformation, driven by urbanization, rising disposable income, and the need for experiential retailing. Retailers are addressing challenges related to supply chain optimization and regulatory compliance while leveraging digital technologies to compete effectively with e-commerce players.

What will be the Size of the Department Stores Market during the forecast period?

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How is the Department Stores Market Segmented ?

The department stores industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Mainline store
  Discount store
  Specialty store
  E-department stores


Product

  Hardline and softline
  Apparel and accessories
  FMCG


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The mainline store segment is estimated to witness significant growth during the forecast period.

Mainline department stores continue to dominate the global market, offering a comprehensive, omnichannel retail experience. With a focus on product assortment planning and omni-channel customer experience, these establishments integrate mobile payment processing and e-commerce platform integration to cater to evolving consumer preferences. Retailers like Macy's, Galeries Lafayette, John Lewis, and El Corte Ingles prioritize supply chain optimization, promotional campaign management, and sales associate training to ensure a seamless shopping journey. Store layout and shelf space optimization, Retail Analytics dashboards, and customer segmentation strategies are employed to enhance the in-store experience. Advanced technologies such as marketing automation tools, inventory management systems, and fraud detection systems support Data Analytics retail and customer relationship management.

Predictive modeling retail and store operations management contribute to pricing strategies optimization and personalized recommendations. A key example of this evolution is the integration of retail technology infrastructure, including employee scheduling software, sales forecasting models, loss prevention techniques, and visual merchandising techniques. In 2021, these mainline department stores accounted for approximately 50% of the global department store market share.

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The Mainline store segment was valued at USD 83.60 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 44% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market

Discover the booming department store market! This comprehensive analysis reveals a CAGR exceeding 6%, driven by experiential retail and global market expansion. Learn about key trends, challenges, and leading players shaping this dynamic industry's future (2025-2033). Recent developments include: February 2023: Macy's launches PATTERN Beauty with the brand's extensive assortment of washes, treatments, styling tools, and more. As the brand's first-ever department store partner, PATTERN expands Macy's portfolio of hair care products, specifically in the curl category., January 2023: Marks and Spencer announced its nearly half-a-billion investment in bigger, better stores across the UK. The retailer's investment will generate over 3,400 new jobs across the country and aims to create a fit for the future M&S store estate and a seamless experience for its customers every time they shop.. Notable trends are: Increase in Retail E-Commerce Sales have the Negative Impact on Department Stores Market.

By 2026, department stores and other general merchandise stores were forecast to reach a market size of **** trillion U.S. dollars globally, an increase of over one trillion dollars from the estimated 2021 figures. The struggling industry of department stores The restrictive measures such as lockdowns and the closure of non-essential businesses amid the coronavirus pandemic resulted in catastrophic outcomes for department stores. Many were forced to permanently close their stores, and some even filed for bankruptcy like J.C. Penney. Nonetheless, the industry is fighting back, as department stores and other general merchandise shops are adopting diverse technology besides e-commerce to enhance their supply chain efficiency and provide a more engaging experience with customers. Use of Big Data in department stores In department stores, big data can be integrated through recommendation engines, trend forecasting, and price optimization. Recommendation engines can be used to predict customers' future purchases based on historical purchasing decisions. In contrast, trend forecasting can be used to predict trends and forecast demand. Lastly, big data can be used to help companies achieve optimum price points, allowing them to provide discounts, promotions, and other pricing initiatives in a more strategic way.

Department store revenue is expected to inch upwards at a compound annual rate of 1.9% over the five years through 2025. Department stores were once hailed as a one-stop shop and a shopper's favourite, but the retail landscape has changed. Department stores have been slow to keep up with what's in vogue and shoppers' need for instant gratification, losing sales to e-tailers and fast-fashion brands. Some department stores have successfully adopted new strategies to fend off competition, like rolling out in-house bars, cafes and restaurants for shoppers to rest and refuel or introducing beauty bars for a quick pick-me-up. Nonetheless, price competition remains intense as income pressures remain evident – with growth driven by price increases over buying more. In 2025, revenue is slated to remain steady at 0% growth to €227.4 billion. The average profit margin reached 9.4%, a dip from five years ago thanks to intense competition. Department store revenue is forecast to inch upwards at a compound annual rate of 4.7% over the five years through 2030 to €286.7 billion. Competition will remain fierce and department stores will need to adapt to survive. The outdated retail-only business model no longer resonates with mindful consumers, who crave experiences and community. Social media continues to become ever-more prevalent and the power of influencers will only grow, making social commerce a top priority. Sustainability has become more than just a buzzword, particularly in light of the European Parliament’s fight against fast fashion, so department stores will need to improve their green credentials to stay in demand. Meanwhile, demographic trends will push digitisation in department stores.

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Germany Department Stores Market Size 2025-2029

The department stores market in Germany size is forecast to increase by USD 1.96 billion at a CAGR of 4% between 2024 and 2029.

The department store market is experiencing significant growth due to several key factors. Rapid urbanization and the resulting rise in consumer spending are major drivers for this market. Additionally, the increasing demand for private-label brands is providing a competitive edge to department stores. These retailers cater to shoppers seeking convenience and variety, providing a one-stop solution for apparel and accessories, FMCG, hardline, and softline items, among others. However, the market is also facing challenges such as the slowdown in sales in retail stores. To adapt to this changing market landscape, department stores are focusing on enhancing the shopping experience through technology integration and personalized services. This approach is expected to help them regain market share and maintain growth. Overall, the department store market is poised for steady growth In the coming years.

What will be the Germany Department Stores Market Size During the Forecast Period?

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The department stores market encompasses a diverse range of retail establishments offering a vast assortment of goods under one roof. Department stores typically feature clothing stores, food courts, and home goods sections, creating an interactive shopping experience. Transportation advancements have streamlined accessibility, enabling consumers to visit these retail organizations more easily. Management structures continue to evolve, with a focus on control and efficiency. Automated payments and e-commerce platforms have become essential components of department store operations, catering to evolving consumer preferences. Retail sales In the department stores market are influenced by purchasing power, discounted rates, and the latest fashion trends.
Moreover, men's wear and women's wear sections remain popular, with accessories and household furnishings contributing significantly to overall sales. The market is characterized by a dynamic and competitive landscape, with retailers continually seeking to differentiate themselves through innovative offerings and strategic partnerships. In summary, the department stores market represents a dynamic and evolving retail sector, characterized by a diverse product range, technological innovation, and a focus on enhancing the shopping experience for consumers.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Consumer electronics and electricals
  Home furniture and furnishings
  Cosmetic and fragrance
  Others


Type

  Up-scale department stores
  Mid-range department stores
  Discount stores


Geography

  Germany

By Product Insights

The consumer electronics and electricals segment is estimated to witness significant growth during the forecast period.

Department stores serve as major retail hubs for a wide array of consumer goods, encompassing clothing stores, food courts, and a mix of hardline and softline products. These goods range from apparel and accessories to furniture, electronics, and consumer packaged goods. Department stores have adopted various strategies to cater to evolving consumer preferences and shopping trends. For instance, they offer discounted rates and private-label brands to compete with e-commerce platforms. Management structures have evolved, incorporating automated payments and AI technologies, such as biometrics, to enhance the shopping experience. The retail landscape is witnessing significant changes, with lifestyle shifts and increasing purchasing power influencing consumer behavior.

Moreover, brands and designer labels continue to dominate the market, while fashion trends and sustainable packaging are gaining traction. Retailers face operational challenges, including rising costs and the need for convenience. Brick-and-mortar retailers are adapting, launching online retailing initiatives and collaborating with brands to offer unique shopping experiences. Consumers with varying education levels and standards of living seek value and quality In their purchases. Shopping malls remain popular destinations, providing a blend of retail, dining, and entertainment options. The retail organization continues to evolve, with a focus on innovation, premium packaging, and sustainable practices.

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Market Dynamics

Our Germany Department Stores Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A hol

The Discount Department Store industry is undergoing difficult transformations as it grapples with increased competition and shifting consumer preferences. With industry revenue projected at $107.3 billion and a growth rate of -0.8% for 2025, these stores are feeling the squeeze from both external threats like e-commerce giants and internal battles among established chains. Profit, however, remains stable because of advanced inventory management systems and consumers flocking to discounted shopping amid economic uncertainties. As the competitive landscape evolves, discount stores are compelled to innovate and differentiate themselves to retain their customer base. The industry has faced enormous pressure in recent years, primarily driven by the rapid boom of online shopping. Industry revenue has fallen at a 0.6% CAGR over the past five years, underscoring this challenge, even as consumers were driven to seek value-driven options while tightening their budgets. Stores had no choice but to adopt critical strategic shifts—investing in digital transformations, expanding product quality and improving customer experiences to maintain relevance. Despite these hurdles, some retailers like T.J. Maxx and Ross capitalized on consumers' tendency to trade down, leveraging robust value propositions and efficient supply chains to thrive. Looking ahead, it's clear that Discount Department Stores have their work cut out for them, with revenue anticipated to drop at a -1.5% CAGR to $99.4 billion in 2030. External threats from warehouse clubs and e-commerce will continue to challenge these retailers. However, there's a silver lining in technological advancements. By enhancing omnichannel experiences, leveraging AI for personalization and integrating IoT devices for inventory management, stores can boost efficiency and bolster their market position. Emphasizing quality private labels and creating inviting shopping environments will also be crucial for maintaining customer loyalty. Despite economic fluctuations, consumers' quest for deals will keep discount shopping appealing, offering a glimmer of opportunity amid the turbulence.

The global department store retailing market is a dynamic landscape characterized by a complex interplay of factors influencing its growth trajectory. While precise figures for market size and CAGR aren't provided, industry analysis suggests a substantial market valued in the hundreds of billions of dollars globally in 2025. This sector's growth is driven by factors such as the increasing disposable incomes in developing economies, the rising preference for experiential retail, and the ongoing evolution of omnichannel strategies by major players. Trends like the incorporation of personalized shopping experiences, leveraging data analytics for improved customer service, and the strategic integration of e-commerce platforms are reshaping the competitive landscape. However, the market faces significant restraints, including the escalating popularity of online-only retailers, the persistent pressure on profit margins due to increasing operational costs, and the challenges of adapting to evolving consumer preferences in a rapidly changing retail environment. The market is segmented by application (clothing, toiletries, cosmetics, home appliances, and others) and store type (upscale, mid-range, discount, and others). Leading players like David Jones, Myer, Nordstrom, JCPenny, Kohl's, Dillard's, Hudson's Bay, Falabella, Lojas Riachuelo, and Liverpool are actively navigating these challenges and opportunities, constantly adapting their business models to maintain competitiveness. The geographic distribution of the market shows significant variations across regions. North America and Europe currently hold substantial market shares, driven by established retail infrastructure and high consumer spending. However, the Asia-Pacific region is projected to witness significant growth in the coming years, fueled by rapid economic expansion and a burgeoning middle class. The competitive dynamics are intense, with established players facing pressure from both online giants and emerging local brands. Success will hinge on the ability of department stores to offer unique value propositions, integrate seamless online and offline shopping experiences, and cultivate strong brand loyalty among consumers. A focus on sustainability and ethical sourcing will also play a crucial role in shaping future market trends. Therefore, companies that can adapt quickly and innovate will be best positioned to thrive in this ever-evolving retail sector.

Discover the latest trends and insights into the booming department store retail market. Learn about the projected market size, CAGR, key drivers, and challenges shaping this dynamic sector. Explore regional market shares and the strategies of leading players like Nordstrom, Macy's, and more.

UK department stores face mounting pressure amid weak household incomes, high inflation, and shifting consumer habits. Sales of luxury goods have declined as middle-income shoppers rein in discretionary spending, while the loss of tax-free shopping for tourists has dented international sales. High-profile closures highlight sector fragility. However, innovation is driving survival. Retailers like M&S and John Lewis are thriving by offering high-quality and affordable goods. The rise of eco-conscious consumers is pushing stores to embrace sustainability through resale, rental, and repair services. Beauty departments have benefited from the “lipstick effect,” with prestige fragrance sales soaring despite broader spending cutbacks. Independent department stores are enjoying a revival, capitalising on strong community ties and unique, experience-led offerings. The sector’s future hinges on blending heritage with modern convenience, sustainability, and experiential value to attract the next generation of UK shoppers. Over the five years through 2024-25, department stores' revenue is forecast to drop at a compound annual rate of 5.7% to £31.6 billion, including a 0.9% dip in 2024-25. Over the five years through 2029-30, department stores' revenue is forecast to grow at a compound annual rate of 2.1% to reach £42.6 billion. UK department stores face rising cost pressures, with the April 2025 National Living Wage increase and higher National Insurance contributions squeezing margins. Some, like M&S and John Lewis, aim to absorb these costs through supply chain efficiencies rather than raising prices, but many retailers may resort to staff cuts or automation. Online rivals continue to dominate, forcing department stores to upgrade digital experiences. Cart abandonment, delivery delays, and forced account creation remain key friction points. To compete, retailers are investing in loyalty schemes and personalisation, with experiential rewards and tailored promotions proving effective. Physical stores remain vital—especially for shoppers who value experience. Successful department stores now focus on immersive, multi-channel strategies, blending heritage, innovation, and convenience to retain relevance in a fast-changing retail landscape.

The Retail Market is Segments by Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, and More), by Distribution Channel (Supermarkets/Hypermarkets, Convenience and Discount Stores, Specialty Stores, and More), and by Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

The landscape of department store sales in the United States has undergone a significant transformation in recent years, and the sales data paints a clear picture of this shift. Once dominant players in the retail industry, large brick-and-mortar-based retailers like Macy's, Sears, and Kmart have struggled to adapt to the rapid changes in consumer behavior and the rise of e-commerce. Headlines such as "It’s Not Just Macy’s: Department Stores Are in a Death Spiral" and "Is your local Sears or Kmart among 150 stores to be axed? See the list" reflect the dire situation that many department stores find themselves in today. This trend has been evident for several years and continues to worsen, as highlighted by news reports in 2017 that cover store closings and layoffs across the country.

Department stores, which once thrived as the cornerstone of American shopping, particularly during holiday seasons, have seen their sales figures steadily decline. The 2016 holiday season, which was traditionally a major revenue generator, failed to deliver the kind of growth that these retailers desperately needed. The 2017 outlook wasn't much better, as large department stores remained far from finding the right formula to succeed in an increasingly digital shopping environment.

The challenges facing department stores are deeply rooted in broader changes within the retail trade sector. According to the Retail Trade and Food Services Report from the U.S. Census, which focuses specifically on department stores, the sales data clearly illustrates the difficult position these stores are in. Although the full Retail Trade data includes a variety of retail types, the department store category stands out for its troubling decline. This dataset reveals that department stores are struggling to keep up with evolving shopping habits, as consumers gravitate more toward online shopping platforms and smaller, more specialized retailers.

In years past, department stores were able to attract a wide range of customers by offering a variety of products under one roof. Shoppers could find everything from clothing and home goods to appliances and cosmetics in a single location, making department stores a convenient one-stop shop. However, with the rise of e-commerce giants like Amazon, the convenience that department stores once provided has been eclipsed by the ability to shop online from the comfort of one’s home, often with faster shipping times and lower prices. This shift in consumer preferences has put immense pressure on traditional department stores to innovate, but many have struggled to make the necessary changes.

The financial struggles of department stores are evident in the wave of store closures and layoffs that have swept across the country. Sears, once a retail titan, has been steadily closing stores for years, and its future remains uncertain. Similarly, Macy's, another iconic department store chain, has been forced to shutter locations and reduce its workforce in an effort to cut costs and stay afloat. These closures not only reflect the changing retail landscape but also have far-reaching consequences for employees, communities, and the commercial real estate market. The loss of a department store can leave a significant void in shopping malls and city centers, leading to reduced foot traffic and a decline in surrounding businesses.

While department stores have attempted various strategies to adapt, such as expanding their online presence, offering in-store experiences, and experimenting with smaller store formats, these efforts have not been enough to reverse their downward trajectory. The challenge for department stores moving forward will be to find a way to bridge the gap between their traditional business model and the modern retail environment. Without significant innovation and a deeper understanding of consumer preferences, department stores may continue to lose ground to more agile competitors in the retail space.

In conclusion, department stores in the United States are facing a period of significant upheaval, as reflected in the sales data from the U.S. Census and the widespread closures reported in the media. The once-dominant retail format has struggled to keep pace with the rapid changes in consumer behavior and the rise of e-commerce, resulting in a steady decline in sales and store closures. While some department stores are attempting to adapt to this new reality, the future remains uncertain, and it will take bold innovation for these retailers to regain their footing in an increasingly competitive retail landscape.

The global Department Stores Market size is projected to grow from USD 134.03 billion in 2024 to USD 218.32 billion by 2034, with a CAGR surpassing 5% throughout the forecast period (2025-2034). Top industry players include Marks and Spencer Group Plc, Macy's, Sears Holdings Corp, Target, Nordstrom,, Walmart, Isetan Mitsukoshi Holdings., Kohl's, Chongqing Department Store Co.., Lotte Department Store.

Discount department stores have battled for consumer shopping dollars. The early phase of the COVID-19 pandemic gave stores like Kmart a temporary lift, with strong demand for home, active and kids' products, as Australians spent more time at home. However, pandemic-related shutdowns, reduced trading days and supply disruptions quickly eroded gains. Following the initial rebound when stores returned to normal operations, intensifying cost-of-living pressures struck down sales once again. Even so, the industry responded with aggressive pricing and an expanding private-label range, determined to capture increasingly value-conscious consumers. Overall, industry revenue is expected to contract at an annualised 1.1% over the five years through 2025-26 to $17.8 billion. This includes an anticipated upswing of 1.3% in the current year owing to improving economic conditions. Volatility has defined the discount department store market over the past five years. While the pandemic prompted store network consolidation, including Target reformats and Big W closures, the major brands – Kmart, Target and Big W – have solidified their market dominance, increasing the barriers for smaller retailers. Digital competition from ecommerce giants like Amazon and Kogan has also forced the market to ramp up investment in omnichannel experiences and loyalty programs. While smaller retailers have struggled to keep up, larger chains have become more agile and efficient, leveraging their scale to negotiate better terms of trade, invest in logistics and further squeeze competitors via permanent price drops and streamlined operations. Going forwards, easing inflationary pressure and forecast interest rate cuts are set to restore some consumer purchasing power, boosting discretionary spending and confidence. ABS data already shows department store sales growth trending upwards, and major retailers are betting big on omnichannel investments, like Kmart’s new fulfilment centre and innovative store formats targeting younger demographics. However, competition will remain fierce, especially from online titans, and ongoing price wars will pressure both margins and market share. Smaller discount department stores are likely to face further consolidation, shrinking market size and employment. Still, for the big brands able to drive costs down and respond quickly to evolving consumer preferences, profitability is poised to strengthen, setting the stage for renewed growth in the years ahead. Overall industry revenue is on track to climb at an annualised 1.3% over the five years through 2030-31 to reach $19.0 billion.

Discover Market Research Intellect's Department Stores Retailing Market Report, worth USD 520 billion in 2024 and projected to hit USD 640 billion by 2033, registering a CAGR of 4.5% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

Poland Department Stores & Other General Merchandise Stores Market is expected to grow during 2025-2031

Over the five years through 2025, revenue is expected to rise at a compound annual rate of 8.9% reaching €30 billion. France is known to be cultural, culinary and the fashion capital of the world as well as home to several of the world’s leading luxury brands, including Louis Vuitton, Christian Dior, Chanel and Hermes. Paris's global reputation encourages international brands to establish concessions in its department stores, enhancing the city's appeal as a retail destination and drawing attention from visitors across the world. Paris hosting the 2024 Olympics propped up Paris’ tourism numbers while luxury spending soared amid tax-free lure. Digital integration is crucial for the survival of French department stores. As consumer preferences lean towards online shopping, stores like Monoprix invest heavily in digital platforms to enhance their omnichannel presence and customer engagement. Data analytics are transforming personalised shopping experiences. By leveraging consumer data, department stores can tailor their inventory and promotions, optimising stock levels. Sustainability is becoming imperative for businesses as consumers demand eco-friendly products, despite the strain on profit. In 2025, revenue is expected to drop by 4.8% as tourism numbers dip after the 2024 Olympic Games. Department stores are hopping on the sustainability train as consumer awareness grows and regulations tighten. With a focus on upcycling and circular practices, stores can introduce rental options and repair services, especially in the luxury market. Meanwhile, French shoppers are avid online buyers. However, influencers must take note, with new rules now demanding clear labels on paid or edited content. Despite online prowess, the in-store experience remains crucial. Stores like Galeries Lafayette entice shoppers with art, wellness spaces and cafés, blending retail with entertainment and lifestyle. Over the five years through 2030, revenue is expected to rise at a compound annual rate of 2.4% reaching €24.6 billion, and profit is anticipated to reach 3.4%.

Success.ai’s Retail Data for the Retail Sector in North America offers a comprehensive dataset designed to connect businesses with key players across the diverse retail industry. Covering everything from department stores and supermarkets to specialty shops and e-commerce platforms, this dataset provides verified contact details, business locations, and leadership profiles for retail companies in the United States, Canada, and Mexico.

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   ...

In a survey carried out in 2020, ** percent of respondents were revealed to have purchased from a department store in the last twelve months in the United States, compared to ** percent who answered they did not shop at these types of establishments in the last 12 months.

U.S. department stores in decline

2020 proved to be one of the most difficult years for department stores in the United States. Amidst the coronavirus (COVID-19) crisis, many stores were forced to temporarily close, which negatively impacted many retailers’ financial performance. That year, major department stores, such as JC Penney, Nordstrom, and Macy’s permanently closed a combined total of over *** stores. JC Penny alone closed *** stores and filed for bankruptcy in May 2020. As of the end of 2020, the United States had no more than ***** department store locations across the country, a decrease of over ***** stores when compared to 2015 figures. According to estimates, this value is expected to decrease even more in the next five years.

A hurt industry even before the coronavirus (COVID-19)

Since the beginning of the 21st century, department store sales in the United States have shown a continuous downward trend. In 2019, sales reached *** billion U.S. dollars and by the end of 2020, this value was estimated to amount to *** billion U.S. dollars. Moreover, according to a survey carried out a few months before the coronavirus pandemic, ** percent of U.S. respondents expressed their intention of buying less fashion apparel at department stores. However, despite how complicated the industry scenario might look, department stores are expected to recover by adopting diverse strategies including the use of technology and e-commerce channels.