PROSPECTS AND OPPORTUNITIES
Static performance for department store over the forecast period
Pressure on consumer purchasing power set to progressively wane over the forecast period as inflation stabilises and the economy starts to recover in Belgium. This should boost consumer confidence and their willingness to spend on non-essential items over the forecast period, including spending on apparel and non-grocery products.
Bright outlook for variety stores as consumers go in search of a bargain
Variety stores are expected to see steady growth in value terms (at constant 2024 prices) over the forecast period, thanks to the success of players such as Action. With more outlets expected to open over the forecast period, variety stores should become increasingly accessible while their low-cost pricing model should continue to attract price-sensitive consumers and bargain hunters.
New owners propose expanding the network of Galeria Inno department stores
Following its acquisition Galeria Inno, Axcent of Scandinavia has proposed plans to potentially open new outlets over the forecast period. While the previous strategy consisted of a limited number of stores in Belgium’s big cities, the new owners have now proposed plans to open Galeria Inno department stores in small and medium-sized cities.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Belgium with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the General Merchandise Stores industry in Belgium, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The General Merchandise Stores in Belgium report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of General Merchandise Stores in Belgium?
- Which are the leading retailers in General Merchandise Stores in Belgium?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
General Merchandise Stores in Belgium - Category analysis
KEY DATA FINDINGS
Galeria Inno comes under new ownership in 2024 as department stores struggle
Variety stores delivers growth in 2024 driven by the success of Action
Wibra continues on downward spiral
Static performance for department store over the forecast period
Bright outlook for variety stores as consumers go in search of a bargain
New owners propose expanding the network of Galeria Inno department stores
Retail in Belgium - Industry Overview
Retail in 2024: The big picture
Retailer profit margins under pressure
Online retail continued to gain share in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back To School
DISCLAIMER
The following categories and subcategories are included:
General Merchandise Stores
- Department Stores
- Variety Stores
General Merchandise Stores
The aggregation of department stores and variety stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our General Merchandise Stores research and analysis database.
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