DUBLIN--(BUSINESS WIRE)--The "Department Stores & Other General Merchandise Stores Market Global Briefing 2017" report has been added to Research and Markets' offering.
Department Stores & Other General Merchandise Stores Market Global Briefing provides strategists, marketers and senior management with the critical information they need to assess the global department stores & other general merchandise stores sector.
Western Europe was the largest region in the department stores & other general merchandise stores market in 2016, accounting for around 30% of the market. This can be attributed to the region's developed economy, high private investment, and large demand for high-end FMCG products. Asia Pacific was the second largest region accounting for around 24% of the market. Middle East was the smallest region accounting for around 4% of the market. This was mainly because the Middle East is economically the smallest region.
Innovations in automation technology are on the rise and retail stores are increasingly using in-store automation to streamline retail shopping. Automation in retail stores is aimed at automating store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, and delivering products, and connecting with customers. Automation reduces waiting times, avoids stocking problems, enhances productivity, and increases overall customer experience.
For instance, American retailer Lowe's has installed multi-lingual, autonomous customer assistance robots in 11 locations in San Francisco Bay area. Retailers are also focusing on using self-checkout stands for customers. Walmart has patented a system of self-driving shopping carts.
- Markets Covered: Department Stores, and Other General Merchandise Stores.
- Geographic Scope: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa.
- Time Series: Five years historic and forecast.
- Data: Market value in $ billions.
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
Sourcing and Referencing: Data and analysis throughout the report is
sourced using end notes.
For more information about this report visit https://www.researchandmarkets.com/research/7fllc2/department_stores