×
3 584
Fashion Jobs
BURBERRY
Senior Manager Showrooms
Permanent · LONDON
SHISEIDO
Shiseido Account Manager - h Beauty Edinburgh (37.5 Hours)
Permanent · Edinburgh
SHISEIDO
Clé de Peau Beauté Account Manager - h Beauty Edinburgh (37.5)
Permanent · Edinburgh
TJX EUROPE
Merchandising & Buying Placement Programme (2023)
Permanent · Grand Londres
TK MAXX
Loss Prevention Advisor-tk Maxx Balham-Full Time
Permanent · London
TK MAXX
tk Maxx - Loss Prevention Officer - Full Time - Ilford
Permanent · Ilford
MULBERRY
Commercial Finance Manager – UK/ eu Trading & Global Revenue
Permanent ·
UNDER ARMOUR
Stock Teammate, pt (32 Hours)
Permanent · BICESTER
HUGO BOSS UK LTD.
Warehouse Operations Manager
Permanent ·
HUGO BOSS UK LTD.
Finance Analyst - Ecommerce
Permanent ·
HUGO BOSS UK LTD.
Project Coordinator
Permanent ·
NEWELL
Sales Manager (a&c) - Ecommerce
Permanent · LONDON
NEWELL
International Tax Manager Emea
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · HORSHAM
JOHN LEWIS
Loss Prevention Partner
Permanent · HIGH WYCOMBE
FRASERS GROUP
Warehouse Shift Manager - Day Shift
Permanent · SHEFFIELD
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · MACCLESFIELD
FRASERS GROUP
CRM Assistant
Permanent · SHIREBROOK
EVERLAST GYMS
General Manager - Everlast Fitness
Permanent · SOUTHPORT
BOOHOO GROUP
us Compliance Analyst
Permanent · MANCHESTER
HARRODS
Manager - Online Administration And Returns
Permanent · THATCHAM
FARFETCH
Senior Legal Counsel - Commercial
Permanent · LONDON
Ads
Published
Feb 27, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Department store sales to rise 22% by 2019

Published
Feb 27, 2014

The department store market is expected to reach 100 billion dollars in sales by 2019, a 22.2% increase largely propelled by the Asia-Pacific region and mostly by China. These figures are part of the Global Department Store Retailing study by Verdict, a retail research company.

Forecast 2019 - Verdict


In the next five years, China is expected to account for 30% of global department store sales, benefiting from an increase in domestic consumption that should favor both local and international retailers. The main increases in department store business will happen in the Asia-Pacific region (49.5%), Latin America (40.9%), China (38.1%) and the Middle East and Africa (36.1%), with growth expected to be lower in North America (+12.6%) and Europe (10.2%). Japan, where for a long time department stores flourished, is expected to increase only 1.1%.

Department store market shares in 2014 - Verdict


The Asia Pacific region's market share of this channel’s sales is forecast at 49%, ahead of North America with 26.4%, and Europe with 18.7%. Latin America is expected to account for 4.5% and Africa and the Middle East will constitute 1.4% of total global department store sales.

Verdict also presented statistics covering the past five years. No retailer showed much growth for this period. Macy's (+0.3%) and especially Nordstrom (+0.7%) were the biggest gainers in market share, while Sears (-2.5%) and JC Penney (-2.2%) both suffered declines.

Copyright © 2023 FashionNetwork.com All rights reserved.