The department
stores & other general merchandise stores market comprises establishments
selling a wide variety of products such as housewares, furniture, consumer
electronics, toiletries, toys, greeting cards, plastic wares, hardware, jewelry
items, shoes, kitchen appliances, clothes, readymade garments, bakery, music
world, gift items, cell phones, home appliances, cooking wares, furniture,
sports equipment, frozen food and grocery items. They operate from fixed
point-of-sale locations with equipment and staff capable of retailing a large
variety of goods from a single location.
The department
stores & other general merchandise stores market in this report is
segmented into department stores and other general merchandise stores.
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The global department stores & other general merchandise stores
market has been growing in the past years with a CAGR of almost 4%. The year
2017 recorded growth in this market with a net market value more than 12%
higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market
for each year with sourced reasons to support the growth claims.
The report also shows
the global department stores & other general merchandise stores market to
grow at a higher CAGR by 2021 as compared to 2017, along with geographies best
suited for investments with highest return rate.
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Developments in digital technology are helping retail stores use
interactive displays to enhance customer shopping experience. Interactive
displays are digital displays that can be connected to a user’s smartphone to
increase in-store customer involvement. They offer a variety of digital touch
points, allow consumers to personalize shopping, give insights to keep building
the relationship with the customers, and are high on entertainment value when compared
to traditional static displays. Retailers also use interactive displays to
communicate value propositions and drive incremental sales. For instance,
Wal-Mart has three types of interactive displays – welcome signs, category
signs, and digital end caps to provide a seamless shopping experience.
Companies included in the report are Wal-Mart, Costco, Kroger, Schwarz
Unternehmens Treuhand KG, Carrefour, Tesco, Aeon Ltd.,Target, Metro AG, and Groupe
Auchen SA.
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