Latest News- Department Stores Market: Mainline store is expected to lead the Type segment during 2025-2029

The Department Stores Market is being driven by Urbanization and rising disposable income

The Department Stores Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 55.2 billion. Department stores are implementing experiential retailing as a strategic initiative to revitalize physical spaces and boost customer engagement. This approach integrates immersive environments, interactive features, and personalized services to transform traditional shopping into multidimensional experiences. In the UK, John Lewis has spearheaded this trend by expanding its in-store hospitality offerings. In 2025, the retailer introduced five new cafes and restaurants, such as the Mediterranean-themed Ori Caffe in Liverpool and Solihull, and a new cafe in Southampton. These initiatives aim to enhance the shopping experience by merging retail with leisure, encouraging longer customer visits and fostering a more engaging and memorable shopping journey. 

Get more information on Department Stores Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Mainline store
  • Discount store
  • Specialty store
  • E-department stores
• Product
  • Hardline and softline
  • Apparel and accessories
  • FMCG
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Urbanization and rising disposable income
• Brand partnerships and exclusive product lines
• Growing consumer demand for variety

However, the market also witnesses some limitations, which are as follows:

• Growing competition from e-commerce
• High operating costs
• Supply chain disruptions

Benefits of Buying Global Department Stores Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Department Stores Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Department stores face the challenge of optimizing retail space through store design trends, utilizing pricing algorithms and predictive analytics for personalized strategies. Customer journey mapping, multi-channel marketing, and social media listening are essential for engaging customers and managing online reputation. Fraud prevention, security systems, and sustainability initiatives ensure business continuity. Talent acquisition, employee retention, and leadership development foster a strong workforce. Store operations management, technology integration, and data security maintain efficiency and compliance. International expansion, strategic partnerships, and financial performance analysis drive growth. Innovation strategies, competitive benchmarking, and brand building strengthen market positioning. Customer loyalty, sales promotions, and visual communication enhance the shopping experience. Risk management, change management, business transformation, and digital transformation keep the business adaptable.

Market Research Overview

The global broadline retail market encompasses the earnings of entities offering retail services encompassing discount merchandise, department stores, and e-commerce platforms selling consumer discretionary items. According to Technavio's assessment, the market size is determined by the revenue generated by internet retailing service providers, third-party online retail platform providers, door-to-door retailers, department store chains, luxury department stores, discount department stores, and other general merchandise companies, including those facilitating online marketplaces for consumer goods and services. Market expansion will be fueled by the increasing adoption of sophisticated mobile devices and high Internet penetration, empowering consumers to access on-demand products and services online.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/