The retail current value sales of department stores, which had already been in decline for most of the review period, plunged by more than a quarter during 2020 as they were particularly badly affected by pandemic movement restrictions. Seeing as there are relatively few of them – less than 500 in the country – most consumers must travel further...
The concept of department stores was already losing favour with Polish consumers prior to the emergence of COVID-19, who increasingly perceived the channel to be outdated. Local consumers increasingly appreciate shopping at specialist stores with branded products, with further competition being presented by variety stores and e-commerce. Department...
The retail current value sales of department stores plunged by around a fifth during both 2020 and 2021. Department stores operators were particularly hit hard by COVID-19, particularly during the lockdowns, when they were forced to temporary close their stores. Moreover, even when they reopened, stores had to operate with restricted capacities...
Department stores continues to play only a minor role in retailing in Austria in 2021 with most consumers favouring shopping centres instead. Steffl in Vienna and Kastner & Öhler Warenhaus’ flagship store in Graz remain the only department stores in the country, being the only such outlets that meet the narrow category definition (mostly to...
With Debenhams Retail Plc’s eponymous brand exiting the country in 2018, Sofia Department Stores OOD’s Notosgalleries now operates the only department store outlet in Bulgaria. Pandemic restrictions and the economic shock of COVID-19 hit Notosgalleries particularly hard, with its constant value sales (2021 prices) declining by just over a...
Rising from a low base due to the sharp contraction in retail sales in 2020, department stores saw low level growth in 2021. Growth was partly constrained by the continuation of lockdown measures: weekend lockdowns were in place throughout the first half of 2021 and full lockdown was enforced between April and May. Department Stores...
The retail current value sales of department stores rose during 2021, as daily life began to normalise and consumers began to spend again. The middle- and high-income consumers that are the mainstay of department stores increased their discretionary spending before those on low incomes. Department Stores in Nigeria report offers insight...
Abstract Department Stores & Shopping Malls in China Department stores and shopping malls in China are mainly engaged in large-scale retailing of a wide range of merchandise across many categories. These activities are generally managed centrally in one building. The industry's major product...
After a year during which sales fell sharply, mixed retailers saw a return to growth in 2021. This growth was not enough to compensate for the decline in sales in the previous year, however. Department stores, the largest part of the channel in value terms, has been under rising competitive threat from other sales channels. Mixed...
Whilst the country’s economy was relatively undisturbed by the pandemic in 2020, the COVID-19 outbreak in mid-2021 (May to July) greatly changed the consumption habits and lifestyles of the Taiwanese population, and had a significant negative impact on the sales of department stores. Department Stores in Taiwan report offers insight...