Global Department Store Retailing | Verdict Channel Report - New Market Report

June 11, 2012 - PRLog -- The global department store market continued its recovery in 2011, and is poised for further increase in the coming years. While this growth is driven by emerging markets, primarily China, key department store markets such as Europe and North America remain subdued, with Japan's oversaturated market in decline. Verdict forecasts that the market will grow by 21.7% between 2011 and 2015.

Scope of this Report

* Make informed investment decisions using department store expenditure forecasts to 2015 for seven defined regions.
* Benchmark your company's performance by accessing profiles of 12 department store operators including their global market shares.
* Glean how competitors have expanded internationally, via stores, online, or new retail formats and learn which is most suitable for your business.
* Understand why tourists are being targeted by department store operators and how they are increasing tourists' spend instore.
* Learn about Japan's shrinking department store market and how domestic players are investing in new retail formats to halt sales' declines.

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Full Report Details at
- http://www.fastmr.com/prod/348331_global_department_store...
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Report Highlights

The department store market is forecast to expand by 21.7% between 2011 and 2015, with increases expected across all regions except Japan. Growth in the core markets of Europe and North America will be subdued between 2011 and 2015, with CAGRs of 1.3% and 1.6% respectively, due to weak economic environments and growing uncertainty.

As consumer sentiment in the US has become negative, with consumers unwilling to pay full price on goods, retailers have tried to appeal to these consumers by opening discount outlets. These allow the retailer to offload old stock and attract new customers; however it is important that the discount format complements traditional full-priced stores.

The Japanese market is mature, and its decline has been exacerbated by recent natural disasters, leading to a fall in tourism and reduced spending by domestic consumers. Further declines in spending through the department store channel are forecast for the next four years, resulting in Japan accounting for just 12.4% of the global market in 2015.

Reasons to Get this Report

* Which markets hold the most potential for department store retailers and should I invest in them? What countries are players expanding into?
* What can I learn from luxury stores on instore experience and what changes shall I make to customer service to stand out from competitors?
* How did department store operators such as Macy's, Sears, Kohl's, Nordstrom, JCPenney and Isetan Mitsukoshi perform last year?

Partial Table of Contents:

OVERVIEW

* Introduction
* Summary

EXECUTIVE SUMMARY

* The effects of the global economic downturn in 2008-09 were short-lived
* Spending in department stores is achieving pre-recessionary growth levels in 2011
* The department store market is forecast to expand by 30.4% between 2010 and 2015
* North America is currently the largest region for department store retailing
* Concerns surrounding the sovereign debt crisis are impacting the European market
* Japan's importance as a key department store market is diminishing
* The Asia Pacific region is dominated by the Chinese market
* The Latin American region will be the fastest growing market for department store sales
* E-commerce has become the focus for department stores
* New retail formats are becoming more prevalent in the department store market
* US department stores are opening discount stores to attract price-conscious consumers
* Sears is the largest department store operator by market share with Macy's close behind
* The market share of the top 12 operators has been weakened by mid-sized players

STRATEGIC ACTION POINTS

* Department store retailers should aim to become international players
* In foreign markets, initially focus on destination stores in key cities
* Western European department stores should look to CEE
* Internationalize e-commerce operations
* Be flexible on store size and offer
* Offer consumers an innovative store environment
* Unique customer services will help to provide convenience to shoppers
* Offer consumers exclusive products
* Develop and enhance private label propositions
* Department stores can utilize discount channels to attract new shoppers

MARKET CONTEXT AND OUTLOOK

* Market definition
* The global department store market rebounded in 2010
* Asia Pacific (excluding Japan) now accounts for over 25% of global department store sales
* The global department store market is forecast to grow by 20% between 2011 and 2015
* European department stores are rebuilding sales, despite the lingering effects of the recession
* Department store sales in Europe are forecast to grow in 2011, but are still below pre-recessionary levels
* The strong sales growth achieved by UK department stores has boosted Europe's overall performance
* El Corte Ingles is yet to relinquish its hold on the European market
* Eastern Europe provides EU retailers with the opportunity for expansion
* European department stores seek international expansion and aim to attract tourists
* The European market is set for continued consolidation
* Department stores have been eager to achieve growth by opening smaller format stores
* Europe is set for muted growth between 2011 and 2015
* North American department stores have fought for survival
* Department store sales in North America are slowly rebuilding after two years of decline
* The discount format has piqued consumer interest at a time when spending has lowered
* Retailers have had to streamline their store portfolios to remain profitable
* Retailers have sought to differentiate their offering through private label
* Growth in the North American market will remain subdued in the coming years
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=3483...

About Verdict Group

With over 20 years' experience, Verdict Research is the UK's leading authority on retailing, and publishes unrivalled independent analysis. Verdict reports, forecasts, briefings, consumer research and bespoke consulting services provide clients with a complete picture of the UK and international retail arena, helping retailers, manufacturers, service suppliers, city analysts and consultants to fully exploit opportunities within the sector.