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Department stores and other general merchandise stores are expected to drive innovation in department stores and other general merchandise stores manufacturing, thus driving the market during the forecast period.

The global department stores and other general merchandise stores market is expected to grow from $2,539.94 billion in 2022 to $2,724.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The department stores & other general merchandise stores market is expected to grow to $3,468.52 billion in 2027 at a CAGR of 6.2%.

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Global Department Stores And Other General Merchandise Stores Market Segments Include:

• By Type: Department Stores, Other General Merchandise Stores
• By Ownership: Retail Chain, Independent Retailer
• By License: Branded, Brand Licensed, Unbranded
• 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 and other general merchandise stores market in 2021.

Major Market Players in the department stores and other general merchandise stores market include Walmart Inc., Costco Wholesale Corp, Target Corporation, Carrefour SA, Dollar General, Aeon Co Ltd.

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 time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, a survey on self-service checkouts in multiple countries found 90% of respondents use self-checkouts, of which Australia and Italy were leading. Wal-Mart has installed 10,000 self-checkout systems in its 1200 stores across the USA.

The Department Stores And Other General Merchandise Stores Global Market Report 2023  provides a department stores and other general merchandise stores market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The department stores and other general merchandise stores market forecast analyzes department stores and other general merchandise stores market size, department stores and other general merchandise stores market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Department stores and other general merchandise stores are stores that are engaged in retailing new merchandise, such as apparel, jewelry, home furnishings, toys, groceries, and other merchandise.

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