Report Detail

RetailDepartment stores: Major trends transforming the retail landscape

  • RnM2475515
  • |
  • 1 October, 2018
  • |
  • Global
  • |
  • 20 pages
  • |
  • MarketLine
  • |
  • Retail

Department stores: Major trends transforming the retail landscape

Table of Contents

    Overview 2

      Catalyst 2

        Summary 2

          The dynamics of physical retail have changed, many have failed to adapt 5

            A struggling high street has inevitably led to store closures 5

              Online retail has become tough competition 6

                Failure to bring online features into brick and mortar stores 7

                  Lack of appeal and in-store experience 7

                    Inability to keep up with fast fashion 8

                      Years of poor financial management 9

                        Some stores have adapted to trends and are performing well 11

                          High end department stores insulated from issues 11

                            Brands need a clear identity to stand out and attract customers 12

                              Strategic partnerships can be lucrative 13

                                Department stores can survive the online /digital era 15

                                  Technology entering stores is the future of immersive shopping 15

                                    Focus on developing aspects that online retailers can’t offer 15

                                      Localization of stores 16

                                        Conclusions 17

                                          Department stores won’t go extinct, but only the most innovative will survive 17

                                            Appendix 18

                                              Sources 18

                                                Further Reading 18

                                                  Ask the analyst 19

                                                    About MarketLine 19

                                                      Disclaimer 19

                                                      Department stores: Major trends transforming the retail landscape


                                                      In the increasingly competitive world of retail, department stores are struggling. This case study takes a close look at the major trends which have transformed the landscape in which department stores operate, how this has ultimately led to their downfall and whether they will be able to bounce back in the future.

                                                      Key Highlights

                                                      - Department stores have undoubtedly suffered as a result of the popularity of online retail and fast fashion, two trends which have drastically changed the needs and desires of the modern day customer.
                                                      - Department stores with a strong identity and clear target audience are best placed in the new environment, illustrating that department stores are not simply doomed, but that the poor performers are now feeling the implications of years of failing to adapt.
                                                      - There is a future for department stores in retail, but they are entering another period of fundamental change in how the sector is organized, and adapting to new challenges is critical.
                                                      - Implementing exciting technology into stores and excelling in the services that online retailers are unable to offer will be crucial for department stores that wish to thrive in the future.


                                                      - Examines the key trends which have impacted department stores
                                                      - Identifies the failures of those unwilling to adapt
                                                      - Analyzes department stores that are performing well
                                                      - Examines future trends that will effect stores
                                                      - Determines whether department stores have a future in retail

                                                      Reasons to buy

                                                      - What are the trends negatively impacting department stores?
                                                      - Which stores have failed to adapt to change?
                                                      - Which stores are doing well and why?
                                                      - What does the future hold for department stores?

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