Discount Department Stores Global Market Report 2024

Description

Discount department stores are retail establishments that provide a broad selection of products at prices lower than those found in traditional department stores. They emphasize delivering value to customers by offering reduced prices, often featuring fewer high-end or luxury brands and more affordable alternatives.

In discount department stores, the main categories of merchandise include general goods and specialty items. General merchandise encompasses a diverse array of products commonly found in retail settings, such as clothing, electronics, household goods, toys, and personal care items. These products are available in various forms, including apparel, electronics, groceries, and home essentials, and are sold through both physical stores and online platforms.

The discount department stores market research report is one of a series of new reports from The Business Research Company that provides discount department stores market statistics, including discount department stores industry global market size, regional shares, competitors with a discount department stores market share, detailed discount department stores market segments, market trends and opportunities, and any further data you may need to thrive in the discount department stores industry. This discount department store market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The discount department stores market size has grown strongly in recent years. It will grow from $429.00 billion in 2023 to $464.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The increase observed during the historic period can be linked to several factors, the appeal of offering high-quality products at affordable prices, urbanization and fast-paced lifestyles, the rise of e-commerce and online shopping, and the growing demand for environmentally-friendly department stores.

The discount department stores market size is expected to see strong growth in the next few years. It will grow to $646.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth during the forecast period can be attributed to several factors, heightened competition in online retail, rising internet usage, growing fashion trends among youth, increasing demand for omnichannel shopping experiences, and expansion in the apparel and accessories sector. Key trends expected in this period include advancements in technology, a boost in online sales, the introduction of new in-house discount brands by retailers, investment in expanding large-format discount department stores, and the integration of discount stores with online platforms.

The growth in online retail sales is poised to drive expansion in the discount department store market moving forward. Online retail involves selling goods and services over the internet, enabling customers to shop conveniently from home without visiting physical stores. This growth is driven by the convenience of online shopping, a wider selection of products, competitive pricing, and advancements in delivery services and technology. Discount department stores capitalize on this trend by attracting price-conscious consumers with competitive prices, frequent promotions, and a variety of affordable products. For example, as of May 2024, U.S. retail e-commerce sales in the first quarter totaled $289.2 billion, reflecting a 2.1% (+-0.7%) increase from the previous quarter, according to the United States Census Bureau. Thus, the rise in online retail sales is fueling the expansion of the discount department store market.

Major players in the discount department store market are concentrating on growth initiatives such as launching new stores, including fashion department stores, to broaden their customer base and enhance competitiveness. Fashion department stores are large retail establishments specializing in apparel, footwear, and accessories, offering products from various brands to cater to diverse customer preferences. For instance, in September 2022, Reliance Industries introduced Reliance Centro, a new fashion and lifestyle department store format in India aimed at democratizing fashion and expanding its market reach. These stores feature a wide range of fashion and lifestyle products including apparel, footwear, accessories, beauty items, and home decor, emphasizing both international and domestic brands to provide customers with a premium shopping experience.

In April 2021, Kohl's Corporation partnered with Tommy Hilfiger to expand Hilfiger's men's sportswear collection across 600 U.S. stores and online. This collaboration enhances Hilfiger's presence with its classic American designs, elevating the in-store shopping experience. Tommy Hilfiger B.V., headquartered in the Netherlands, specializes in high-quality men's tailored clothing, sportswear, and women's apparel collections.

Major companies operating in the discount department stores market are Walmart Inc., Costco Wholesale Corporation, Aldi Inc., Target Corporation, Dollar General Corporation, Macy's Inc., Kmart Corporation, Meijer Inc., Ross Stores Inc., Nordstrom Inc., J.C. Penney Company Inc., Burlington Stores Inc., Dillard's Inc., Academy Sports + Outdoors, Big Lots Inc., Bed Bath & Beyond Inc., Belk Inc., Five Below Inc., Stein Mart Inc., Bealls Inc., Ollie's Bargain Outlet Holdings Inc., At Home Group Inc., Bi-Mart Corporation, Sears Holdings Corporation, Stage Stores Inc.

North America was the largest region in the discount department stores market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the discount department stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the discount department stores market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The discount department stores market includes revenues earned by entities by providing services such as retail sales, extended warranties and services, product returns and exchanges, delivery services, personal shopping services, promotional sales events, and financing options for larger purchases. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Discount Department Stores Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on discount department stores market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for discount department stores ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The discount department stores market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Store Type: General Merchandise; Specialty Products
2) By Products: Clothing; Electronics; Groceries; Household Goods
3) By Distribution: Offline; Online
Companies Mentioned: Walmart Inc.; Costco Wholesale Corporation; Aldi Inc.; Target Corporation; Dollar General Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19650

1. Executive Summary

2. Discount Department Stores Market Characteristics

3. Discount Department Stores Market Trends And Strategies

4. Discount Department Stores Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Discount Department Stores Market Size and Growth

5.1. Global Discount Department Stores Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Discount Department Stores Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Discount Department Stores Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Discount Department Stores Market Segmentation

6.1. Global Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
General Merchandise
Specialty Products
6.2. Global Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Clothing
Electronics
Groceries
Household Goods
6.3. Global Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Offline
Online

7. Discount Department Stores Market Regional And Country Analysis

7.1. Global Discount Department Stores Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Discount Department Stores Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Discount Department Stores Market

8.1. Asia-Pacific Discount Department Stores Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Discount Department Stores Market

9.1. China Discount Department Stores Market Overview
9.2. China Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Discount Department Stores Market

10.1. India Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Discount Department Stores Market

11.1. Japan Discount Department Stores Market Overview
11.2. Japan Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Discount Department Stores Market

12.1. Australia Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Discount Department Stores Market

13.1. Indonesia Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Discount Department Stores Market

14.1. South Korea Discount Department Stores Market Overview
14.2. South Korea Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Discount Department Stores Market

15.1. Western Europe Discount Department Stores Market Overview
15.2. Western Europe Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Discount Department Stores Market

16.1. UK Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Discount Department Stores Market

17.1. Germany Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Discount Department Stores Market

18.1. France Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Discount Department Stores Market

19.1. Italy Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Discount Department Stores Market

20.1. Spain Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Discount Department Stores Market

21.1. Eastern Europe Discount Department Stores Market Overview
21.2. Eastern Europe Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Discount Department Stores Market

22.1. Russia Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Discount Department Stores Market

23.1. North America Discount Department Stores Market Overview
23.2. North America Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Discount Department Stores Market

24.1. USA Discount Department Stores Market Overview
24.2. USA Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Discount Department Stores Market

25.1. Canada Discount Department Stores Market Overview
25.2. Canada Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Discount Department Stores Market

26.1. South America Discount Department Stores Market Overview
26.2. South America Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Discount Department Stores Market

27.1. Brazil Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Discount Department Stores Market

28.1. Middle East Discount Department Stores Market Overview
28.2. Middle East Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Discount Department Stores Market

29.1. Africa Discount Department Stores Market Overview
29.2. Africa Discount Department Stores Market, Segmentation By Store Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Discount Department Stores Market, Segmentation By Products, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Discount Department Stores Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Discount Department Stores Market Competitive Landscape And Company Profiles

30.1. Discount Department Stores Market Competitive Landscape
30.2. Discount Department Stores Market Company Profiles
- 30.2.1. Walmart Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Costco Wholesale Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Aldi Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Target Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Dollar General Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Discount Department Stores Market Other Major And Innovative Companies

31.1. Macy's Inc.
31.2. Kmart Corporation
31.3. Meijer Inc.
31.4. Ross Stores Inc.
31.5. Nordstrom Inc.
31.6. J.C. Penney Company Inc.
31.7. Burlington Stores Inc.
31.8. Dillard's Inc.
31.9. Academy Sports + Outdoors
31.10. Big Lots Inc.
31.11. Bed Bath & Beyond Inc.
31.12. Belk Inc.
31.13. Five Below Inc.
31.14. Stein Mart Inc.
31.15. Bealls Inc.

32. Global Discount Department Stores Market Competitive Benchmarking

33. Global Discount Department Stores Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Discount Department Stores Market

35. Discount Department Stores Market Future Outlook and Potential Analysis

35.1 Discount Department Stores Market In 2028 - Countries Offering Most New Opportunities
35.2 Discount Department Stores Market In 2028 - Segments Offering Most New Opportunities
35.3 Discount Department Stores Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer