PUBLISHER: GlobalData | PRODUCT CODE: 1366559
PUBLISHER: GlobalData | PRODUCT CODE: 1366559
United Kingdom (UK) Department Stores Retailing Market Trends, Analysis, Key Players and Forecast to 2027
Abstract
The UK Department Stores Retailing report offers comprehensive insight and analysis of the department stores channel in the UK, the main trends and hot issues, major players and consumer attitudes.
The UK Department Stores Retailing market is forecast to grow between 2022 and 2027. This is being driven by London-based locations and the tourism appeal that locations such as Harrods, Selfridges and Harvey Nichols have, particularly among those from the US, Middle East and Asia. Indeed, international arrivals are forecast to overtake 2019 levels by 2024, with many likely to flock to the capital. Department stores consequently are elevating their stores to appeal to these shoppers seeking luxury goods.
Key Highlights
Clothing & footwear is forecast to contribute nearly 50% to the UK Department Store Retailing market by 2027, however it is not expected to recover to the heights of 2017.
Department stores have an opportunity to utilise both online and offline platforms to succeed, events and customer experiences that go across multiple sectors giving them a USP compared to other specialists.
From 2022, consumer shopping habits began to normalise, with the offline channel strengthening once again as footfall began to improve. However, the online market has not shrunk to its pre-pandemic size as the improvements and investments into the online channel have ensured that consumers are using both channels rather than just shopping instore
Reasons to Buy
- Use our in-depth consumer and market insight to learn about the growth of different sectors in the department stores market.
- Understand where consumers shop and why they choose to shop at various department stores different products to capitalise on the growth in the department stores market.
- Discover the trends in the department stores market to better understand how to adapt and stay ahead of the latest changes in consumer behaviour
Table of Contents
Table of Contents
Executive summary
KEY TRENDS
- Market drivers
- Market inhibitors
- Key Trends: Cross-channel shopping
- Key Trends: Finance options
- Key Trends: Loyalty schemes
- Key Trends: Rental services
- Key Trends: Resale
- Strategies for success
- MARKET SIZE AND FORECASTS 2022-2027
- UK Department Stores Retailing Market, five year growth 2017, 2022 & 2027
- UK Department Stores Retailing Market Size, 2017-2027
- UK Department Stores Retailing Growth vs Total Retail Growth, 2017-2027
- UK Department Stores Retailing Channel growth including and excluding M&S, 2017-2027
- UK Department Stores Retailing as a proportion of Total Retail, 2017-2027
- CATEGORY PERFORMANCE AND FORECASTS 2022-2027
- Key category trends
- UK Department Stores growth %, 2022-2027
- UK Department Stores Retailing Market by Sector %, 2017-2027
- UK Department Stores Sector Penetration: Value and Forecast, 2022 & 2027
- CHANNEL PERFORMANCE AND FORECASTS 2022-2027
- UK Department Stores Retailing Market, 2017-2027
- UK Department Stores Retailing Market online and offline market size, 2017-2027
- UK Department Stores Retailing Channel Growth, 2017-2027
- COMPETITIVE LANDSCAPE: REVENUE AND MARKET SHARE
- Top Five Players in the UK Department Store Market, 2022
- Market Shares of Top 5 UK Department Stores, 2022
- COMPETITIVE LANDSCAPE: PROFILE OF LEADING PLAYERS
CONSUMERS
- Key consumer trends
- UK Department Stores Visitor Penetration & Profile, 2023
- UK Department Stores Shopper Penetration & Profile, 2023
- UK Department Stores Visited, 2023
- UK Department Stores Purchased From, 2023
- UK Department Stores Category Penetration, 2023
- UK Department Stores Channel Usage, 2023
- UK Department Stores Purchase Frequency, 2023
- UK Department Stores Consumer Drivers, 2023
- UK Department Stores Services Usage, 2023
- UK Department Stores Improvements, 2023
- UK Department Stores Loyalty Cards, 2023
- UK Department Stores Own Brands, 2023
- UK Department Stores statements, 2023
- METHODOLOGY, DEFINITIONS AND CONTACTS
- Methodology
- Definitions
- Contact Us
