Department Stores & Other General Merchandise Stores Market Forecast to 2030 | Covid 19 Impact and Recovery

The Business Research Company’s latest report Department Stores & Other General Merchandise Stores Global Market Report 2020 covers Department Stores & Other General Merchandise Stores market drivers, Department Stores & Other General Merchandise Stores market trends, Department Stores & Other General Merchandise Stores market segments, Department Stores & Other General Merchandise Stores market growth rate, Department Stores & Other General Merchandise Stores market major players, and Department Stores & Other General Merchandise Stores market size. The report provides in-depth analysis of the impact of COVID-19 on the Department Stores & Other General Merchandise Stores industry, along with revised market numbers due to the effects of the coronavirus.

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 Department Stores & Other General Merchandise Stores Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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 The global department stores & other general merchandise stores market is expected to decline from $1843.6 billion in 2019 to $1810 billion in 2020 at a compound annual growth rate (CAGR) of -1.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $2026.5 billion in 2023.

The report covers the Department Stores & Other General Merchandise Stores market’s segments-

1) By Type: Department Stores, Other General Merchandise Stores.
2) By Ownership: Retail Chain, Independent Retailer.

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