Department Stores

The retail current value sales of department stores rose during 2021, as daily life began to normalise and consumers began to spend again. The middle- and high-income consumers that are the mainstay of department stores increased their discretionary…

Department stores was heavily affected by the sharp drop in tourism, reduced store traffic and declining discretionary spending in light of the Coronavirus (COVID-19) pandemic. Department stores suffered as they did not have an efficient digital…

Department stores were hugely negatively impacted by the pandemic and continued to be negatively impacted in 2021, as registered the steepest constant value decline among all retailers, apart from vending. Department stores are losing favour among…

2021 saw the Singapore-origin department store Robinsons become one of the highest-profile casualties of the COVID-19 pandemic in Malaysia as both of the Robinsons department stores in the country closed down permanently, with the retailer winding up…

Sales of department stores were strongly affected at the beginning of the pandemic due to the mandatory closure on all commercial activities considered non-essential as part of the measures to counteract the health emergency produced by COVID-19.…

There were no department stores operating in Romania during 2021 and it is considered very unlikely that such retail outlets will emerge in the country during the forecast period. Department stores have a very old-fashioned image in the country due…

Department stores saw a notable current value decline in 2020, due to temporary outlet closures as a result of the pandemic, as well as consumer caution in spending on non-essentials. However, the channel showed dynamic recovery in 2021, far…

Even though players were less pessimistic towards the end of 2021 than they were during the first six months of the year, department stores remained one of the most negatively affected channels within store-based retailing from the pandemic over…

Department stores in Belgian is a small category, with only two players, Hudson's Bay Co and Sogesma SA. Following a very negative 2020 due to stores closures, and mobility and social life restrictions, the channel recovered partially in 2021 thanks…

Falabella remained the leader in department stores in 2021, with only much smaller players as competition. In general, therefore, the evolution of department stores in Colombia has been greatly driven by the performance of the leader, Falabella. One…

In 2021, the number COVID-19 cases continued to surge, especially mid-year, recording the highest number of cases in August. Consumers continued to be secluded at home for most of the year, refraining from unnecessary outings. Furthermore, travel…

The pandemic acted as a strong engine for continued growth in e-commerce. Although the rise of this channel is projected to continue, as consumers have become more comfortable browsing and ordering online, in-store shopping will continue to hold its…

Home confinement and remote working as a result of the pandemic in Portugal changed consumers’ behaviour in 2020. This was reflected in the performance of the dominant department store chain El Corte Inglés (in value sales terms). The retailer…

The retail current value sales of department stores plunged by around a fifth during both 2020 and 2021. Department stores operators were particularly hit hard by COVID-19, particularly during the lockdowns, when they were forced to temporary close…

Due to the national lockdown and ongoing social distancing in response to COVID-19, department stores experienced a strong decline in current value sales in 2021. During the lockdown which began in June, the channel was deemed non-essential and…

Department stores continues to play only a minor role in retailing in Austria in 2021 with most consumers favouring shopping centres instead. Steffl in Vienna and Kastner & Öhler Warenhaus’ flagship store in Graz remain the only department stores in…

Departments stores registered a rebound after outlet closures during the 2020 lockdowns. With stores operating at normal capacity, current values sales registered a healthy increase. However, value sales were still lower than before the onset of…

The Coronavirus (COVID-19) pandemic informed a steep decline in retail current value sales in 2020, while the number of outlets and selling pace decreased strongly. Physical non-essential retailers struggled due to the government’s measures to cope…

Department stores has been amongst the retailing channels to be hit hardest by the COVID-19 crisis and, after experiencing a steep decline in the previous year, it was expected to see continued contraction in 2021. The large-scale social restrictions…

The retail current value sales of department stores plunged by almost half during 2020 and recovered only partially in 2021. Department stores was the worst-performing sector in retail during 2020. Forced to closed for an extended period during the…