Global Department Store Retailing, 2013-2018: Market Dynamics, Retail Trends and Competitive Landscape

Date: 2015-09

“• Global department store sales are forecast to reach US$839 billion by 2018, with major impetus from developing economies
• The cosmetics and toiletries category group is forecast to increase the most over the next five years, largely lead by growth in India, China, and Brazil
• Mergers and acquisitions are rising amongst department store retailers, influenced by reducing footfalls and strong competition from online channel
• In order to catch-up with online retailers, many department stores are going online and tasting success
• In efforts to engage customers for a greater period of time in stores, retailers are adding space for concepts such as food service and entertainment”

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