PROSPECTS AND OPPORTUNITIES
Magasin du Nord looking to enhance the in-store experience
Magasin du Nord is focusing on dedicating more space to restaurants, cafés, and eateries within its retail environments as part of a strategy to enhance the customer experience and to encourage consumers to visit its department stores. Magasin du Nord is aiming to position its department stores as meeting places where shoppers can take a break while also being able to shop for new wardrobe items in a relaxed setting.
Sustainability concerns likely to influence company strategies
Following the pattern being seen across retail in Denmark, there is likely to be a growing focus on sustainability among general merchandise stores over the forecast period. For example, Magasin du Nord launched Magasin Vintage in late 2024.
Department stores could still have a role to play despite the evolving retail landscape
Department stores will likely face increasing competition from e-commerce during the forecast period and it is therefore expected that players within the channel will continue to focus heavily on developing their online sales. Pure e-commerce players such as Zalando are often able to offer lower prices than department stores.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in Denmark 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 Denmark, 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 Denmark 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 Denmark?
- Which are the leading retailers in General Merchandise Stores in Denmark?
- 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 Denmark - Category analysis
KEY DATA FINDINGS
Department stores see steady growth in 2024 but challenges remain
Søstrene Grenes and Flying Tiger Copenhagen continued to drive sales through variety stores
Magasin du Nord benefits from its geographical reach
Magasin du Nord looking to enhance the in-store experience
Sustainability concerns likely to influence company strategies
Department stores could still have a role to play despite the evolving retail landscape
Retail in Denmark - Industry Overview
Retail in 2024: The big picture
Grocery retailers seeing changes as they fight to remain competitive
Retailers focus on domestic sport sponsorship deals to boost sales
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Summer clothing
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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