PROSPECTS AND OPPORTUNITIES
Bleak outlook for department stores
The outlook for department stores in the US remains grim, with current value decline expected to continue in the forecast period, signalling that the struggles of recent years are unlikely to ease in the near future. However, inspiration could be drawn from retailers such as Nordstrom Rack, which have capitalised on consumers’ desire for bargains, offering curated selections at discounted prices.
Dollar stores will have to raise their prices again amidst stiff online competition
The leading player in variety stores, Dollar General, is doubling-down on private label and grocery, a move that could help redefine variety stores at a time when it desperately needs to carve out a niche beyond big-box competitors and online marketplaces. Private label products offer budget-conscious shoppers a way to stretch their dollars without sacrificing quality – something which has been lacking in variety stores lately.
Outlet cannibalism threatens variety stores, while soaring rents pressure department stores
In 2024, the story of retail was increasingly inseparable from the story of real estate. The long-standing push-and-pull between retailers and prime-location rents only intensified, with soaring costs in coveted areas colliding with a wave of department store closures.
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Overview:
Understand the latest market trends and future growth opportunities for the General Merchandise Stores industry in USA 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 USA, 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 USA 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 USA?
- Which are the leading retailers in General Merchandise Stores in USA?
- 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 the US - Category analysis
KEY DATA FINDINGS
Bleak future for department stores sparks limited innovation
Variety stores misses the ball in 2024, seeing only modest growth
Department stores toy with boutique formats as iconic brands struggle
Bleak outlook for department stores
Dollar stores will have to raise their prices again amidst stiff online competition
Outlet cannibalism threatens variety stores, while soaring rents pressure department stores
Retail in the US - Industry Overview
Retail in 2024: The big picture
Exceptionally high grocery prices in 2024 enter the political arena
China-affiliated competitors reset the landscape for retail e-commerce in the US
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
Prime Day/Christmas in July
Mother’s Day
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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