Published on : May 04, 2018
Albany, New York, May 4, 2018: With a prime focus on Europe retail market and department store sector, a new study titled “Department Stores - Europe - April 2018” has been published to the wide repository of Market Research Hub (MRH). The report provides an essential overview of the department stores retail market in Europe along with the analysis of the latest trends, market dynamics (covering nine category groups) and key innovations in the retail space. This report series covers the department store sectors in the five leading Western European countries, such as the UK, France, Germany, Italy and Spain.
In order to provide a comprehensive view, market size has been also estimated on the basis of department store retailers’ sales and leading player’s sales for the period 2013/14-2017/2018. The analysis of mixed goods retailers’ sales, department stores in context and market shares of industry key players has been elaborated. This report also provides the market size and forecast for the different segments in the department store by the end of 2022. Analysts not only conduct forecasts in terms of value but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
Key Findings from the study
According to the analyst’s findings, there is enormous variation between countries in the development of department stores. At one extreme there is Spain, where the only department stores are the country’s leading non-food retailer. Spain aside, the best-developed sector is in the UK, where the leading department stores are among the country’s major retailers. In Germany and France the sector is struggling, but especially in Germany, there are some early signs that may point to a recovery. The market has been forecasted to reach £17.8 billion by 2022.
The UK and Spanish leaders demonstrate clearly that there is long-term potential for department stores and that they can be reinvented to be major players in the internet era. An aging U.K. population is a key market driver. Also, Fashion and the home continue to be popular discretionary categories.
As the report moves ahead, a consumer survey data has been presented for each of the above-mentioned countries. In this section, analysts have asked the public that which department stores they had bought anything from, either in-store or online in the last six months. Additionally, attitudes to department stores, what they should offer, what they are valued for and how much their pricing can be trusted are discussed.
In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. This section highlights details of market share and their marketing activity. It has been studied that La Rinascente sees strong sales and grows market share. On the other hand, Coin struggles and ECI loses share of market. Some of the main players have still not developed e-commerce.
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