Global Department Stores Market to Reach $654.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Department Stores estimated at US$506.5 Billion in the year 2020, is projected to reach a revised size of US$654.3 Billion by 2027, growing at a CAGR of 3.7% over the period 2020-2027.
The U.S. Market is Estimated at $136.6 Billion, While China is Forecast to Grow at 6.7% CAGR
The Department Stores market in the U.S. is estimated at US$136.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$138.3 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.We bring years of research experience to this 19th edition of our report. The 453-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Debenhams Retail PLC
- House of Fraser
- J.C. Penney Co., Inc.
- Macy’s, Inc.
- Sears Brands LLC