Department Store Retailing Market to Register a Strong Growth By 2020
Rising disposable income, increasing promotional activity, increasing consumer confidence and ever-increasing population in the developing countries are some of the major driving force for department store retailing market.
(EMAILWIRE.COM, July 19, 2017 ) A department store is a retail establishment that sells a wide range of consumer goods. These products include clothing, cosmetics, toys, toiletries, home appliances, furniture, sporting goods, foods, books, electronics and stationery. These products are usually separated into departments and divisions. There are different departmental divisions such as merchandising, advertising, service, accounting and budgetary control. In the recent year, number of online retailers is increasing and the competition is increasing among the online stores and department stores. Online shopping is becoming popular among the consumer due to the ease of shopping.
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In order to catch-up with online retailers, many department stores are going online and expanding their reach. Department store retailing market can be segmented by store types into: upscale department store, mid-range department store, discount department store and others. Department store retailing market can be bifurcated into five categories: clothing, toiletries, cosmetics, home appliances and others. Different department stores reflect different kinds of spending. Generally upscale department store carries expensive and better quality products. On the other hand, discount department store carries less expensive products.
North America is the largest market for department store retailing, followed by Europe. Asia Pacific is expected to be fastest growing market for department store retailing.
A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/3337
Rising disposable income, increasing promotional activity, increasing consumer confidence and ever-increasing population in the developing countries are some of the major driving force for department store retailing market. With the lower effect of economic recession, employment rate and disposable income levels are raising, which allows the consumer to spend more on products such as apparels, cosmetics and toiletries. Thus increase in the confidence level of consumer which allows them to spend money easily. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India medium household income increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013.
The major companies operating in the department store retailing market include David Jones, Myer, Nordstrom, JCPenny, KOHL’S, Dillard’s, Hudson’s Bay Company, Falabella, Lojas Riachuelo and Liverpool.
To view TOC of this report is available upon request @ www.persistencemarketresearch.com/toc/3337
Key points covered in the report
Report segments the market on the basis of types, application, products, technology, etc (as applicable)
The report covers geographic segmentation
North America
Europe
Asia
RoW
The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Get access to full summary @: http://www.persistencemarketresearch.com/market-research/department-store-retailing-market.asp
In order to catch-up with online retailers, many department stores are going online and expanding their reach. Department store retailing market can be segmented by store types into: upscale department store, mid-range department store, discount department store and others. Department store retailing market can be bifurcated into five categories: clothing, toiletries, cosmetics, home appliances and others. Different department stores reflect different kinds of spending. Generally upscale department store carries expensive and better quality products. On the other hand, discount department store carries less expensive products.
North America is the largest market for department store retailing, followed by Europe. Asia Pacific is expected to be fastest growing market for department store retailing.
A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/3337
Rising disposable income, increasing promotional activity, increasing consumer confidence and ever-increasing population in the developing countries are some of the major driving force for department store retailing market. With the lower effect of economic recession, employment rate and disposable income levels are raising, which allows the consumer to spend more on products such as apparels, cosmetics and toiletries. Thus increase in the confidence level of consumer which allows them to spend money easily. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India medium household income increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013.
The major companies operating in the department store retailing market include David Jones, Myer, Nordstrom, JCPenny, KOHL’S, Dillard’s, Hudson’s Bay Company, Falabella, Lojas Riachuelo and Liverpool.
To view TOC of this report is available upon request @ www.persistencemarketresearch.com/toc/3337
Key points covered in the report
Report segments the market on the basis of types, application, products, technology, etc (as applicable)
The report covers geographic segmentation
North America
Europe
Asia
RoW
The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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Persistence Market Research
Rahul Singh
Tel: +1-646-568-7751
Email us
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Persistence Market Research
Rahul Singh
Tel: +1-646-568-7751
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results