Global Department Stores & Other General Merchandise Stores Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Department Stores & Other General Merchandise Stores Market Report by The Business Research Company covers department stores & other general merchandise stores market drivers and restraints, department stores & other general merchandise stores market size, major players, and the impact of COVID-19 on the department stores & other general merchandise stores market.
The department stores & other general merchandise stores market consists of sales of goods and services by entities (organizations, sole traders and partnerships) that are engaged in retailing new merchandise, such as apparel, jewelry, home furnishings, toys, groceries and other merchandise. Department stores may have separate customer checkout areas in each department, central customer checkout areas, or both.
With the rapid growth in retail data and the availability of technologies to analyze data it will become easier for convenience, mom and pop stores to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward.
The global department stores & other general merchandise stores market is expected to grow from $1.43 trillion in 2020 to $1.75 trillion 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 $2.17 trillion in 2025 at a CAGR of 6%.
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Some department stores and other general merchandise stores market trends include self-checkout technology 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.
Global department stores & other general merchandise stores market segments include:
1) By Type: Department Stores, Other General Merchandise Stores.
2) By Ownership: Retail Chain, Independent Retailer.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global department stores & other general merchandise stores market, accounting for 43% of the market.
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The Department Stores & Other General Merchandise Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides department stores & other general merchandise stores market overviews, analyzes and forecasts market size, share, department stores & other general merchandise stores market players, department stores & other general merchandise stores market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The department stores & other general merchandise stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Department Stores & Other General Merchandise Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Wal-Mart, Costco, Kroger, Carrefour
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Department Stores & Other General Merchandise Stores Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Department Stores & Other General Merchandise Stores Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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