Department Stores

While the department stores channel saw continued negative growth in 2019, its performance nonetheless represented a considerable improvement on that of the previous year. Value-oriented department stores such as Centerpoint and RedTag performed well...

Once iconic SKÁLA department stores finally closed in 2011 as shopping malls sprung up and became widely perceived to be trendier place to shop. The sole remaining brand, the luxury department store Il Bacio, closed in 2015, after only two years of ...

Like most channels, department stores witnessed slower value growth in 2019 compared to the previous year, with low- and middle-income consumers finding their budgets constrained by a rise in VAT, a hike in fuel prices and limited economic growth. As...

Department stores saw a second year of strong current value growth in 2019, along with new outlet openings. These stores are extending their proposals to incorporate the strengths of other retail channels, which contributed to growth. Therefore, as ...

The momentum of incoming tourism was a key factor behind the positive performance of department stores in 2019 and their positive prospects for the forecast period. Located in prime central locations, department stores are particularly benefiting ...

As online retailing becomes more and more influential among consumers in Taiwan, most brands have committed to expand their online channels by cooperating with e-commerce platforms or launching their own shopping websites to satisfy consumers. ...

The TsUM department store in Liev reopened at the end of 2016 after reconstruction and remained the only major player in department stores in 2019. The store is located in the heart of capital city, Khreshatyk Street. This makes it a convenient place...

After several years of strong current value growth, department stores experienced a slowdown in sales in 2019 in addition to a decline in the number of stores as Marques Soares closed one of its outlets. The concept of department stores has always ...

Renovation has become a key strategy in influencing the growth of leading players in department stores, with some at the planning stage while others have been completed. In order to attract footfall, department stores are increasingly focusing on the...

Although department stores continued to see current value growth in 2019, it was only slow, despite the strong growth in outlet numbers. Most department stores belong to corporate groups that also have banks or financial institutions. For example, ...

Department stores registered a slowdown in value growth in 2019, partly due to rising competition from online shopping. Many shoppers now prefer the online shopping experience rather than physically shopping in store-based retail outlets, with ...

Value sales of department stores in the Czech Republic continued to decline rapidly during 2019 as Tesco sold its department stores to real estate companies. The sold properties will no longer be operated as department stores. Instead, they will be ...

With the growing influence of Western culture bolstered by increasing exposure via the internet, rising numbers of Vietnamese consumers are choosing to spend their leisure time on family gatherings and get-togethers with friends at one-stop locations...

In 2019, department stores continued to play only a minor role in retailing in Austria, with most consumers favouring shopping centres. Steffl in Vienna and the Kastner & Öhler flagship store in Graz remained the only outlets meeting the narrower ...

Tesco Stores, the only remaining the department store player in Slovakia, closed its doors in 2019. Tesco department stores faced fierce competition from more popular shopping centres. In addition, the growing number of convenience stores and ...

The department stores channel continued to struggle in 2019, demonstrating further negative growth. However, the channel’s performance nonetheless represented an improvement on that of 2018. With many new brands entering the channel, the general ...

The continued expansion of shopping centres is helping department stores to remain relevant in the Philippine retailing market. Most department stores are located within shopping centres, and the number of shopping centres continues to rise in the ...

Despite a reduction in outlet numbers over the last few years of the review period, mainly driven by the activities of dominant players Galeries Lafayette SA and Printemps SA, department stores continued to record improving current value growth in ...

Department stores operators are facing mounting pressure with their traditional business model making it hard to compete with other retailing channels. For a start, prices in department stores are often higher than those available online, while the ...

The assortment and store layouts of department stores were perceived to be outdated and behind changing fashions. The channel was subject to intense completion from other retailing channels, including hypermarkets, apparel and footwear specialist ...