The global department stores market is undergoing significant changes due to increased competition, e-commerce growth, and the need for adaptation. The market is expected to grow at an increased rate, driven by demand for various products and the impact of the Covid-19 pandemic. Major players in the market are adapting to competition from e-commerce and online retailers, offering online shopping and changing retail formats. The market is segmented by type, ownership, and license, with regions like North America and Asia-Pacific leading in market share.

Department Stores Market Evolution