Department Stores

When the two largest department store players in Germany, Karstadt and Galeria Kaufhof, merged in early 2020 to become Galeria Karstadt Kaufhof, there was optimism the newly-formed company could turn around a long-lasting downward trend, caused in ...

Department stores suffered significant declining value sales in 2020 mainly due to the home seclusion trend, and financial restraints due to rising unemployment and decreased disposable incomes. Non-essential categories which tend to see higher sales...

Department stores operators were hit hard by the COVID-19 crisis, particularly the lockdown period of March-May 2020 when they needed to temporarily close stores, especially those located in Bangkok. Moreover, even when allowed to open, stores had to...

During the COVID-19 pandemic, Swiss authorities implemented a national lockdown period just after the initial outbreak of the pandemic in 2020. This meant that outlets in department stores had to remain closed for a period of eight weeks in total, ...

With the outbreak of Coronavirus (COVID-19), department stores were forced to close in all quarantined localities in the country, as they were not considered essential businesses. This negatively impacted in-store sales in the category. The timing of...

In recent years, department store operators have been moving towards building digital capabilities in response to changing consumer preferences and falling foot traffic. The impact of COVID-19 on consumer lifestyles has further accelerated this ...

Department stores was hard hit by the pandemic in Israel in 2020 as the government introduced three lockdowns in 2020 to curb the transmittance of COVID-19. Department stores were deemed to be non-essential businesses from the start of lockdown and ...

Department stores is perceived as an outdated retail format in Poland, competing primarily with modern shopping centres. The channel continued to be subject to intense completion from other retailing channels, including hypermarkets, apparel and ...

Department stores are set to see a collapse in value sales in 2020 as result of the pandemic. The channel is among the group of non-essential retail outlets that were ordered shut between March and July, and although restrictions have been slightly ...

Despite store closures and shorter working hour restrictions, value-oriented department stores such as Centrepoint and RedTag performed better than premium chains during the COVID-19 crisis as customers leaned towards budget friendly options. ...

What a difference a year makes. In 2019, department stores were one the best performing retailers, However, in 2020, department stores were the worst performing retailer, with double-digit value decline. Departments stores are a burgeoning retail ...

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COVID-19 had a significant negative effect on the retail current value sales of department stores during 2020. Lockdown measures meant that department stores were closed for an extended period. Even after they reopened, many consumers were reluctant ...

Department stores remains a channel in decline in both current value terms and the number of outlets visible in the Czech Republic. Mandatory closure of non-essential retail stores during the pandemic added to this gloomy situation, as well as the ...

RECOVERY AND OPPORTUNITIES...

During the COVID-19 pandemic there was no strict national lockdown implemented by Danish authorities. Despite the lack of complete lockdown, however, department stores was one of the only channels in Danish retailing hit by mandatory outlet closures ...

Department stores channel not present in Hungary. Shopping malls with a strong focus on consumer electronics, apparel retailing, and consumer foodservice took over the shopping hub role of department stores. There are no plans for revitalising the ...

Department stores saw outlets closed for a month and a half between March and mid-April. This forced even very traditional players in the channel, such as Los Tres Elefantes and Only Stores, to focus on the development of online operations during ...

Towards the end of the review period, many shoppers were opting to shop online rather than physically shopping in store-based retail outlets, with department stores one of the channels hardest hit from this trend. In order to combat this, the ...

Department stores suffered heavy losses in 2020 as consumers took it upon themselves to avoid busy retail locations, unless shopping for essentials. With department stores typically located in high traffic areas the call for social distancing posed a...