The Business Research Company’s Department Stores & Other General Merchandise Stores global market report, covers the year-on-year growth of the global Department Stores & Other General Merchandise Stores market historic and forecast growth. It also includes chapters on the Department Stores & Other General Merchandise Stores market trends, geographical analysis, and competitive landscape.
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The global department stores & other general merchandise stores market size is expected to increase by 2022, significantly growing at a stable CAGR during the forecast period.
Department Stores & Other General Merchandise Stores Market Trends
The department stores & other general merchandise stores market consists of sales by department stores & other general merchandise stores. These entities (organizations, sole traders and partnerships) sell new general merchandise from fixed point-of-sale locations to ultimate users. Establishments in this subsector are unique in that they have the equipment and staff capable of retailing a large variety of goods from a single location. This includes a variety of display equipment and staff trained to provide information on many lines of products.
Developments in digital technology are helping retail stores to use interactive displays to enhance the 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 proposition s 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.
The global Department Stores & Other General Merchandise Stores market is primarily driven by rise in disposable income, growing population, and rising spending power of individuals.
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The global Department Stores & Other General Merchandise Stores market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With the expected increase in demand for disposable and non-disposable goods due to rise in population, the global Department Stores & Other General Merchandise Stores market is expected to increase in potential and scope. TBRC’s report also covers the Department Stores & Other General Merchandise Stores drivers and restraints in the market.
The global Department Stores & Other General Merchandise Stores market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Department Stores & Other General Merchandise Stores market report are wal-mart, Costco, Kroger, Schwarz Unternehmens Treuhand KG, Carrefour.
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