Discount Department Stores Global Market Report 2025

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 $464.53 billion in 2024 to $505.72 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to popularity for providing quality products at lower prices, growing urbanization and busy lifestyles, the expansion of e-commerce and online shopping, and surging demand for environment-friendly department stores.

The discount department stores market size is expected to see strong growth in the next few years. It will grow to $701.68 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rises in online retail competition, increasing internet penetration, increasing fashion trends among young people, rising demand for omnichannel experiences, and growth in the apparel and accessories segment. Major trends in the forecast period include technological advancements, the expansion of online sales, the launch of new in-house discount brands by stores, investment in the expansion of large-format discount department stores, and the and the integration of discount deployment 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 July 2024, Saks Incorporated, a US-based department store, acquired Neiman Marcus Group Inc. for $2.65 billion. This acquisition enhances Saks' service offerings in the luxury retail sector, fosters technological innovation, drives operational efficiencies, and strengthens its market position. Neiman Marcus Group Inc. is a US-based high-end department store chain offering a diverse range of products, including designer apparel, accessories, cosmetics, and home goods.

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 2024. 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 2025 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.

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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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

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
Subsegments:
1) By General Merchandise: Apparel And Footwear; Household Goods And Appliances; Personal Care Products; Electronics And Accessories
2) By Specialty Products: Health And Wellness Products; Beauty And Cosmetics; Home Improvement And Furniture; Grocery And Food Items
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: r30011

1. Executive Summary

2. Discount Department Market Characteristics

3. Discount Department Market Trends And Strategies

4. Discount Department Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Discount Department Growth Analysis And Strategic Analysis Framework

5.1. Global Discount Department PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Discount Department Market Growth Rate Analysis
5.4. Global Discount Department Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Discount Department Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Discount Department Total Addressable Market (TAM)

6. Discount Department Market Segmentation

6.1. Global Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
General Merchandise
Specialty Products
6.2. Global Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Clothing
Electronics
Groceries
Household Goods
6.3. Global Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Offline
Online
6.4. Global Discount Department Market, Sub-Segmentation Of General Merchandise, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Apparel And Footwear
Household Goods And Appliances
Personal Care Products
Electronics And Accessories
6.5. Global Discount Department Market, Sub-Segmentation Of Specialty Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Health And Wellness Products
Beauty And Cosmetics
Home Improvement And Furniture
Grocery And Food Items

7. Discount Department Market Regional And Country Analysis

7.1. Global Discount Department Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Discount Department Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Discount Department Market

8.1. Asia-Pacific Discount Department Market Overview
Region Information, 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 Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Discount Department Market

9.1. China Discount Department Market Overview
9.2. China Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Discount Department Market

10.1. India Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Discount Department Market

11.1. Japan Discount Department Market Overview
11.2. Japan Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Discount Department Market

12.1. Australia Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Discount Department Market

13.1. Indonesia Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Discount Department Market

14.1. South Korea Discount Department Market Overview
14.2. South Korea Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Discount Department Market

15.1. Western Europe Discount Department Market Overview
15.2. Western Europe Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Discount Department Market

16.1. UK Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Discount Department Market

17.1. Germany Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Discount Department Market

18.1. France Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Discount Department Market

19.1. Italy Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Discount Department Market

20.1. Spain Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Discount Department Market

21.1. Eastern Europe Discount Department Market Overview
21.2. Eastern Europe Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Discount Department Market

22.1. Russia Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Discount Department Market

23.1. North America Discount Department Market Overview
23.2. North America Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Discount Department Market

24.1. USA Discount Department Market Overview
24.2. USA Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Discount Department Market

25.1. Canada Discount Department Market Overview
25.2. Canada Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Discount Department Market

26.1. South America Discount Department Market Overview
26.2. South America Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Discount Department Market

27.1. Brazil Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Discount Department Market

28.1. Middle East Discount Department Market Overview
28.2. Middle East Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Discount Department Market

29.1. Africa Discount Department Market Overview
29.2. Africa Discount Department Market, Segmentation By Store Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Discount Department Market, Segmentation By Products, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Discount Department Market, Segmentation By Distribution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Discount Department Market Competitive Landscape And Company Profiles

30.1. Discount Department Market Competitive Landscape
30.2. Discount Department Market Company Profiles
- 30.2.1. Walmart Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Costco Wholesale Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Aldi Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Target Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Dollar General Corporation Overview, Products and Services, Strategy and Financial Analysis

31. Discount Department 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 Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Discount Department Market

34. Recent Developments In The Discount Department Market

35. Discount Department Market High Potential Countries, Segments and Strategies

35.1 Discount Department Market In 2029 - Countries Offering Most New Opportunities
35.2 Discount Department Market In 2029 - Segments Offering Most New Opportunities
35.3 Discount Department Market In 2029 - 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