Alternative Channels are A Reigning Threat to the Global Department Stores Market
DUBLIN, June 25, 2021–(BUSINESS WIRE)–The “Department Stores – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Department Stores estimated at US$506.5 Billion in the year 2020, is projected to reach a revised size of US$654.3 Billion by 2027, growing at a CAGR of 3.7% over the period 2020-2027.
The Department Stores market in the U.S. is estimated at US$136.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$138.3 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.