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Department Stores in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Department Stores Market Research Report | SIC G47.190 | Jan 2012

Growth in store: A slow recovery is on the horizon for the industry

IBISWorld’s Department Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Bhs Limited Bhs Limited market share
Debenhams Debenhams market share
John Lewis John Lewis market share
Marks & Spencer Marks & Spencer market share
Industry Statistics & Market Size
Revenue
£18bn
Annual Growth 07-12
0.6%
Annual Growth 12-17
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Profit
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Employment
169,100
Businesses
98
Industry Analysis & Industry Trends

Department stores were doing well prior to the 2008-09 recession. Demand was driven by the luxury market and high-end stores benefited from this trend. Consumers under the age of 30 are often impulse buyers of non-essential items like personal care products and they contributed significantly to revenue. Then the recession hit and things changed. IBISWorld estimates that industry revenue only rose 0.6% per annum to £17.51 billion over the five years through 2011-12 due to the economic slowdown.

The recession led to plummeting consumer confidence, high unemployment and uncertainty within the economy. The government tried to prop up demand by temporarily lowering the value-added tax rate in December 2009 to 15%... purchase to read more

Industry Report - Industry Investment Chapter

Department stores do not believe in self-service. Unlike smaller variety stores and supermarkets, they tend to have a lot of staff on hand in each department to help customers when shopping. Many, if not most, department stores also have separate tills in each department, each requiring more than one employee. Capital costs mainly consist of depreciation on retail fixtures and fittings as well as buildings and other equipment such as computers. These costs are fairly stable.

For each unit of capital employed, companies in the industry spend about £4.80 on labour. In other words, the industry has a medium level of capital-to-labour ratio. This means that both factors are fairly important when considering the investment requirements associated with department stores... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Department Stores Industry?

Department stores retail a wide range of general merchandise, including clothing, household appliances, hardware, toys and games, personal care and garden supplies. Non-specialised stores that primarily sell food are classified as supermarkets and are not included in this industry. Other non-specialised stores selling a wide variety of items but which do not have clear departments are classified as variety stores and are not included in this industry.

Industry Products
ClothingFoodPharmaceutical and personal care productsDurable household productsEquipment and suppliesGames and toysAudiovisual, photographic and telecommunicationBooks and all other products
 
Industry Activities
General merchandise retailingClothing retailingFood retailingHousehold good retailingSupply and equipment retailingGame and toy retailingConsumer electronic retailingPersonal care product retailing


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