Department Stores - A Global Market Perspective

1.METHODOLOGY
Study Reliability and Reporting Limitations
Disclaimers
Quantitative Techniques & Reporting Level
2.GLOBAL MARKET AT A GLANCE
Sales to Spiral Down in 2009
Trends Across World Markets
The US – Declining Consumer Spending and Struggling Mid-range Players
Japan – A Unique Declining Market
Europe – On the Same Path
Asia-Pacific (Excluding Japan) – Sales to Slow Down
Market Watch: 2008
3.MARKET DYNAMICS
The Growth Engines
Reliance on Apparel and Footwear
Loss of Premium and Designer Brands
Price Depreciation
Global Mall Developers Eye US Luxury Department Stores7Losing Share to Other Retail Formats
Key Growth Drivers
Player Expansions
Industry Consolidation
Investment to Increase Shopping Experience
4.PRODUCT FACTS
Apparel & Footwear
Furniture
Electronics
Cosmetics and Personal Care
Homeware
Others
5.CORPORATE DEVELOPMENTS
Isetan and Mitsukoshi Establish Isetan Mitsukoshi Holding
Stockman to Open Department Store in Lithuania
Takashimaya Merger with H2O Retailing
Versa Capital Management Completes Acquisition of Boscov'sDepartment Store
COF III Acquires Tianjin Difu Department Store
NRDC Acquires Hudson’s Bay
Cencosud Acquires Grupo Wong
Fenwick Acquires Williams & Griffin
Parkson Group to Acquire Two Department Stores from Parkson Holdings
Far Eastern Dept Stores to Acquire Stake in China Holdings
Forme Capital Completes Acquisition of Daqing Qingkelong Chain
Intime Department Store to Acquire Shenyang Intime
New World Department Store Acquires Wuhan Department Store
PARKSON RETAIL GROUP to Acquire Remaining Stake in Xi'an Lucky King
Hart Stores to Expand with Nine New Stores
Gottschalks Enters into a US$30 million Deal with Everbright
Mitsukoshi to Close Six Stores
Gap Signs a Deal with Distribuidora
Maison Mode Starts First Store in China
HOK-Elanto to Acquire Tapiolan Sokos Department Store
New World to Establish New Department Store at Shenyang
Shenzhen Rainbow Signs Leasing Agreement with Beijing Runbo Real Estate
Hefei Signs Joint Venture with Anhui to Establish Department Store at Liuan
Lotte Shopping Enters Chinese Market with a New Store in Beijing
American Brand Holdings and Kohl's Enter into a License Agreement
Lotte Opens a Department Store in Beijing
H&M to Establish Women Department Store
FAO Schwarz Enters into Agreement with Macy’s
Wanda Opens New Stores
ITAT Enters into Agreement with Sports Direct
Harrods Opens Department Store at Heathrow Airport, London
Retail Ventures to Divest Stakes in Value CityDepartment Stores
MSBL Takes Over Department Store in Beverley
Macy's to Open 3 Bloomingdale's Stores
Marfin and Verano Acquire Majority Stake in Robne kuce Beograd
Wangfujing to Takeover Xinhua Department Store
Arnotts to Takeover Debenhams Department Store in Dublin
Lifestyle International to Acquire Itokin Branded Department Stores
Dashang Group Acquires Yichun Dept Store
Daimaru and Matsuzakaya Holdings to Merge
Parkson Group Acquires K&M Department Store
Kohl Enters into a Multi-year Licensing Contract with Lagardere Active Media
Federated Department Stores Divests After Hours Formalwear
Citigroup Venture to Acquire Minority Stakes in Beymen Magazacilik and Boyner Buyuk
Private Consortium Acquires France Printemps
WiseBuys Stores Acquires Patrick Hackett Hardware
Wal-Mart Acquires Remaining Stake in Seiyu Through Wyoming Holding
Lion Capital Acquires HEMA
New World Department Store Acquires Assets from Parent Company
Arcandor Forges Alliance with Printemps and La Rinascente
Beijing Wangfujing to Increase Stake in Chengdu Wangfujing
Macy’s to Retail Tommy Hilfiger Sportswear
Galeries Lafayette Starts New Store at Lille
Parkson Acquires Stake in Mianyang Parkson
Isetan and Tokyu Department Store to Form Alliance
Galeries Lafayette to Open Store in Dubai Mall
Federated Divests Priscilla of Boston and David’s Bridal Businesses
John Lewis to Establish New Distribution Center
Macy's to Shut Nine Under-performing Stores
6.MAJOR PLAYERS
Arcandor AG (Germany)
Arnotts Ltd (Ireland)
Beales PLC (UK)
Debenhams Plc (UK)
Dillard’s, Inc. (USA)
DWW Woolworth Germany GmbH & CO. Kg (Germany)
El Corte Inglés SA (Spain)
Fenwick (UK)
GALERIA Kaufhof GmbH (Germany)
Groupe Galeries Lafayette (France)
House of Fraser Ltd (UK)
Isetan Mitsukoshi Holdings Ltd. (Japan)
JC Penney Company, Inc. (USA)
John Lewis Plc (UK)
Kohl’s Corporation (US)
Macy’s, Inc. (USA)
Marks & Spencer Group Plc (UK)
Maxeda BV (The Netherlands)
Nordstrom, Inc. (USA)
Saks Fifth Avenue (USA)
Sears, Roebuck & Company (USA)
Stockmann Plc (Finland)
Takashimaya Company, Limited, (Japan)
UPIM SpA (Italy)
7.GLOBAL MARKET ANALYTICS
8.THE UNITED STATES
Economic Crunch Hits Department Stores
Consumers Shopping Trends Impact Department Stores
Loss of Apparel Share to Other Channels
Luxury Players to Foray into Foreign Markets
Mid-range Players Struggle Amid Competition
Competition
Leading Players
Discount Department Stores Market
9.CANADA
10.JAPAN
Sales Continue to Decline
Competition
Consolidation Trends
Select Mergers in the Japanese Department Stores Market:
Shrinking Population Drives Mergers
Past Mergers Fail to Realize Adequate Benefits
Renovation Plans Shelved or Delayed
Department Stores Attract Foreign Tourists
11.EUROPE
a.France
b.Germany
c.Italy
d.The United Kingdom
e.Rest of Europe
12.ASIA-PACIFIC
a.China
b.Rest of Asia-Pacific
13.LATIN AMERICA
Argentina
Chile
High Penetration
Leading Players
Declining Consumption
Mexico
Department Stores Gain in Popularity in Mexico
14.REST OF WORLD
Iran
Exhibits
Table 1: Percentage Breakdown of Leading Department Stores in the World –
Table 2: Global Department Stores Market by Region for the Period 2007-2015 (Sales in US$ Million)
Table 3: Percentage Breakdown of Global Department Stores Market by Region for the Years 2009 &
Table 4: Global Market for Apparel & Footwear in Department Stores by Region for the Period 2007-2015 (Sales in US$ Million)
Table 5: Percentage Breakdown of Global Market for Apparel & Footwear in Department Stores by Region for the Years 2009 &
Table 6: Global Market for Furniture in Department Stores by Region for the Period 2007-2015 (Sales in US$ Million)
Table 7: Percentage Breakdown of Global Market for Furniture in Department Stores by Region for the Years 2009 &
Table 8: Global Market for Electronics in Department Stores by Region for the Period 2007-2015 (Sales in US$ Million)
Table 9: Percentage Breakdown of Global Market for Electronics in Department Stores by Region for the Years 2009 &
Table 10: Global Market for Cosmetics and Personal Care Products in Department Stores by Region for the Period 2007-2015 (Sales in US$ Million)
Table 11: Percentage Breakdown of Global Market for Cosmetics and Personal Care Products in Department Stores by Region for the Years 2009 &
Table 12: Global Market for Homeware in Department Stores by Region for the Period 2007-2015 (Sales in US$ Million)
Table 13: Percentage Breakdown of Global Market for Homeware in Department Stores by Region for the Years 2009 &
Table 14: Global Market for Other Products in Department Stores by Region for the Period 2007-2015 (Sales in US$ Million)
Table 15: Percentage Breakdown of Global Market for Other Products in Department Stores by Region for the Years 2009 &
Table 16: Market Share Trend of Select Channels in the US Apparel Market –
Table 17: Percentage Breakdown of Leading Department Stores in the US – 2008E
Table 18: Percentage Breakdown of Leading Players in the US Discount Department Stores Market –
Table 19: Department Stores Market by Product Segment in the US: 2007-2015 (Sales in US$ Million)
Table 20: Percentage Breakdown of Department Stores Market by Product Segment in the US for the Years 2009 &
Table 21: Department Stores Market by Product Segment in Canada: 2007-2015 (Sales in US$ Million)
Table 22: Percentage Breakdown of Department Stores Market by Product Segment in Canada for the Years 2009 &
Table 23: Percentage breakdown of Leading Department Stores in Tokyo –
Table 24: Department Stores Market by Product Segment in Japan: 2007-2015 (Sales in US$ Million)
Table 25: Percentage Breakdown of Department Stores Market by Product Segment in Japan for the Years 2009 &
Table 26: Department Stores Market by Region in Europe: 2007-2015 (Sales in US$ Million)
Table 27: Percentage Breakdown of Department Stores Market by Region in Europe for the Years 2009 &
Table 28: Department Stores Market by Product Segment in Europe: 2007-2015 (Sales in US$ Million)
Table 29: Percentage Breakdown of Department Stores Market by Product Segment in Europe for the Years 2009 &
Table 30: Department Stores Market by Product Segment in France: 2007-2015 (Sales in US$ Million)
Table 31: Percentage Breakdown of Department Stores Market by Product Segment in France for the Years 2009 &
Table 32: Department Stores Market by Product Segment in Germany: 2007-2015 (Sales in US$ Million)
Table 33: Percentage Breakdown of Department Stores Market by Product Segment in Germany for the Years 2009 &
Table 34: Department Stores Market by Product Segment in Italy: 2007- 2015 (Sales in US$ Million)
Table 35: Percentage Breakdown of Department Stores Market by Product Segment in Italy for the Years 2009 &
Table 36: Percentage Breakdown of Leading Players in the UK Department Stores Sector -
Table 37: Department Stores Market by Product Segment in the UK: 2007-2015 (Sales in US$ Million)
Table 38: Percentage Breakdown of Department Stores Market by Product Segment in the UK for the Years 2009 &
Table 39: Department Stores Market by Product Segment in Rest of Europe: 2007-2015 (Sales in US$ Million)
Table 40: Percentage Breakdown of Department Stores Market by Product Segment in Rest of Europe for the Years 2009 &
Table 41: Department Stores Market by Region in Asia-Pacific: 2007-2015 (Sales in US$ Million)
Table 42: Percentage Breakdown of Department Stores Market by Region in Asia-Pacific for the Years 2009 &
Table 43: Department Stores Market by Product Segment in Asia-Pacific: 2007-2015 (Sales in US$ Million)
Table 44: Percentage Breakdown of Department Stores Market by Product Segment in Asia-Pacific for the Years 2009 &
Table 45: Increasing Share of Department Stores in the Chinese Retail Industry (2007- 2010)
Table 46: Percentage Breakdown of Chinese Department Store Market by Category -
Table 47: Percentage Breakdown of Leading Players in the Chinese Department Stores Market –
Table 48: Brands and Brand Shares (in Percentage) by Select Company in the Chinese Department Stores Market –
Table 49: Chinese Department Store Market (2007): Outlets, Retail Space and Average Space per Outlet in Units
Table 50: Department Stores Market by Product Segment in China: 2007-2015 (Sales in US$ Million)
Table 51: Percentage Breakdown of Department Stores Market by Product Segment in China for the Years 2009 &
Table 52: Leading Players in the Indonesian Department Stores Market by Number of Stores -
Table 53: Percentage Breakdown of Leading Department Stores in Indonesia –
Table 54: Percentage Breakdown of Leading Department Stores in Korea –
Table 55: Leading Players in the Korean Department Stores Market by Number of Stores -
Table 56: Percentage Breakdown of Leading Department Stores in Taiwan –
Table 57: Leading Players in Thailand Department Stores Market by Number of Stores -
Table 58: Department Stores Market by Product Segment in Rest of Asia-Pacific: 2007-2015 (Sales in US$ Million)
Table 59: Percentage Breakdown of Department Stores Market by Product Segment in Rest of Asia-Pacific for the Years 2009 &
Table 60: Leading Department Store Companies in Chile by Sales per Square Meter –
Table 61: Leading Players in the Chilean Department Store Market by Same Stores Sales (SSS) Growth -
Table 62: Department Stores Market by Product Segment in Latin America: 2007-2015 (Sales in US$ Million)
Table 63: Percentage Breakdown of Department Stores Market by Product Segment in Latin America for the Years 2009 &
Table 64: Department Stores Market by Product Segment in Rest of World: 2007-2015 (Sales in US$ Million)
Table 65: Percentage Breakdown of Department Stores Market by Product Segment in Rest of World for the Years 2009 &
Companies Profiled