DUBLIN--(BUSINESS WIRE)--The "Department Stores & Other General Merchandise Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global department stores & other general merchandise stores market as it emerges from the COVID-19 shut down.
The global department stores & other general merchandise stores market is expected to grow from $1439.01 billion in 2020 to $1756.24 billion in 2021 at a compound annual growth rate (CAGR) of 22%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2175.97 billion in 2025 at a CAGR of 6%.
Companies Mentioned
- Wal-Mart
- Costco
- Kroger
- Schwarz Unternehmens Treuhand KG
- Carrefour
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
North America was the largest region in the global department stores & other general merchandise stores market, accounting for 43% of the market in 2020. Western Europe was the second largest region accounting for 26% of the global department stores & other general merchandise stores market. Africa was the smallest region in the global department stores & other general merchandise stores market.
Self-checkout technology is being widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading and employees to operate the checkout counter. This type of automation reduces operational costs and saves the time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, according to a survey on self-service checkouts of multiple countries found 90% of respondents use self-checkouts, of which Australia and Italy were leading. Wal-Mart has installed 10000 self-checkout systems in its 1200 stores across the USA.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the department stores & other general merchandise stores market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Department Stores & Other General Merchandise Stores Market Characteristics
4. Department Stores & Other General Merchandise Stores Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Department Stores & Other General Merchandise Stores Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Department Stores & Other General Merchandise Stores Market Customer Information
7. Department Stores & Other General Merchandise Stores Market Trends And Strategies
8. Impact Of COVID-19 On Department Stores & Other General Merchandise Stores
9. Department Stores & Other General Merchandise Stores Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Department Stores & Other General Merchandise Stores Market Regional Analysis
10.1. Global Department Stores & Other General Merchandise Stores Market, 2020, By Region, Value ($ Billion)
10.2. Global Department Stores & Other General Merchandise Stores Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Department Stores & Other General Merchandise Stores Market, Growth And Market Share Comparison, By Region
11. Department Stores & Other General Merchandise Stores Market Segmentation
11.1. Global Department Stores & Other General Merchandise Stores Market, Segmentation By Type
11.2. Global Department Stores & Other General Merchandise Stores Market, Segmentation By Ownership
12. Department Stores & Other General Merchandise Stores Market Metrics
12.1. Department Stores & Other General Merchandise Stores Market Size, Percentage Of GDP, 2015-2025, Global
12.2. Per Capita Average Department Stores & Other General Merchandise Stores Market Expenditure, 2015-2025, Global
For more information about this report visit https://www.researchandmarkets.com/r/9ezp72
