Market Analysis of Department Stores emphasizing on Strategic issues & market trends


Published on : Nov 23, 2018

Albany, New York, November 23, 2018: Though 2017 was a nightmare for department stores; 2018 witnessed reinvention and audacious strategies. New and bold strategies incorporated closing less-profitable larger locations and opening smaller-format stores along with augmenting mobile applications. Besides, to stay abreast in the market, companies such as Sears, Macy’s and Kohl’s are looking at ways for reinvention. These assimilations are according to the report titled “retailer deep dive market: department stores,” which has been recently added to the repository of Market Research Hub.

Online retailers like Amazon and eBay pose serious threats to department stores as they are encountering less foot traffic than ever before. To curb the hurdle of less footfalls, Kohl’s have joined hands with Amazon. Further, kohl’s is overseeing Amazon’s returns at few locations in order to increase the footfalls. The Canadian-based parent company, Hudson’s bay are going online and is estimated to spend around a third of capital expenditure on digitization.

Meanwhile, department stores are marred by pricing competition, price-conscious consumers, and shift towards online and lower expenditures of online businesses. As long as department stores will persist to be more sophisticated and deliver merchandise conveniently, they will sustain and thrive.

Retailer Deep Drive Market: Department Stores: Report Synopsis

The report embodies an-depth analysis on the department stores and its battle for supremacy with online stores. The report succinctly delineates the drivers, restraints, challenges, opportunities and trends. Further, separate section has been dedicated to the price positioning which includes insights on market shares of department stores which includes sales, competition and segregation the stores. The section on retail dynamic speaks at length about the innovations and investment by retailers along with marketing strategies.

The report also provides an exhaustive analysis on the influence of online giants in the market who have wreaked havoc on the department stores. Further, the report also delves into the strategies by the department stores to sustain and thrive in the market.

The report begins with the executive summary which reveals market size in terms of revenue, market value and production. In addition, an exhaustive analysis of the competitive landscape highlights profiles of prominent players in the global market space. Furthermore, the report examines the strategic moves, areas of interest, and recent developments done by eminent players in sensors market.

Retailer Deep Drive Market: Department Stores: Research Methodology

An exhaustive research methodology has been embraced with regards to furnishing a research approach incorporating of secondary and primary research. The analysis in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts.

The secondary research is collated from company websites, SEC filings and presentations by investors, industry white paper and statistical database. Besides, the primary research embodies face to face interviews, phonic interviews and e-mail interaction. To provide the readers with authentic report, a panel of expert assesses the data collected from various sources.

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