The Department Stores And Other General Merchandise Stores Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Department Stores And Other General Merchandise Stores Market?
The Department Stores And Other General Merchandise Stores Global Market Report 2025 has seen strong growth in the past few years. The market size increased from $2967 billion in 2024 to $3186.04 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Department Stores And Other General Merchandise Stores Industry?
The 2029 market projections for the Department Stores & Other General Merchandise Stores market are forecasted to reach $4070.95 billion, expanding at a compound annual growth rate (CAGR) of 6.3%.
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What are the Key Growth Drivers Fueling the Department Stores And Other General Merchandise Stores Market?
The key drivers in the department stores and other general merchandise stores market are:
• Rising prevalence of e-commerce and online shopping
• Enhancements in customer experience and personalization
• Increasing digitization of retail mechanisms
• Integration of advanced retail technology
Global Market Segmentation: Identifying Major Department Stores And Other General Merchandise Stores Industry Segments
The department stores and other general merchandise stores market covered in this report is segmented –
1) By Type: Department Stores, Other General Merchandise Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By License: Branded, Brand Licensed, Unbranded
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What are the Emerging Trends Shaping the Future of the Department Stores And Other General Merchandise Stores Market?
The key trends in the department stores and other general merchandise stores market are:
• The transition towards e-commerce and omnichannel retailing is a major emerging trend.
• Enhancements in customer experience and personalized shopping are shaping the future of the market.
• The digital transformation in retail settings is an upcoming significant trend.
• The market trend is moving towards sustainability and ethical practices in retail.
Who Are the Top Competitors & Leading Players in the Department Stores And Other General Merchandise Stores Market?
Major companies in the department stores and other general merchandise stores market are:
• Walmart Inc.
• Costco Wholesale Corp
• Target Corporation
• Carrefour SA
• Dollar General Corporation
• Aeon Co. Ltd.
• Suning.com Co. Ltd.
• Macy's Inc.
• Kohl’s Corporation
• Tesco PLC
• Amazon.com Inc.
• The Home Depot Inc.
• Lowe's Companies Inc.
• Best Buy Co. Inc.
• Penney OpCo LLC
• Sears Holdings Corporation
• Ross Stores Inc.
• Burlington Stores Inc.
• TJX Companies Inc.
• Big Lots Stores Inc.
• Five Below Inc.
• Ollie's Bargain Outlet Holdings Inc.
• Bed Bath & Beyond Inc.
• Michaels Stores Inc.
• Tractor Supply Company
• At Home Group Inc.
• Dick's Sporting Goods Inc.
• Academy Sports and Outdoors Inc.
• PetSmart Inc.
• Party City Holdco Inc.
• Ulta Beauty Inc.
• Sally Beauty Holdings Inc.
• Office Depot Inc.
Regional Dominance: Which Area Leads the Global Department Stores And Other General Merchandise Stores Market?
North America was the largest region in the department stores & other general merchandise stores market in 2023
