Market Navigators/Market OutlookUS Department Stores—Retail 2024 Sector Outlook: Soft Sales Growth; Opportunities in Different Store Formats and Alternative Models Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research December 7, 2023 Reasons to ReadThe Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail next year, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We will also discuss trends in healthcare and technology. This report, one of our Retail 2024 Sector Outlooks, presents directional market insights and themes to watch in US department store retailing. Data in this research report include: US department store market—sales and year-over-year growth, 2020–2024E E-commerce sales growth projections Companies mentioned in this report include: Kohl’s, Macy’s, Nordstrom Other relevant research: Look out for more reports in our Retail 2024 series, including outlooks for the US apparel and footwear, US beauty and global luxury markets. Market Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative Models Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes Sales All Coresight Research coverage of department store retailing Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Mass Merchandisers, Warehouse Clubs and Discount Stores: Themes, Concepts and Innovators—Target at a Crossroads, Dollar Stores Revive and Warehouse Clubs Gain MomentumWeekly US Store Openings and Closures Tracker 2025, Week 21: US Store Closure Cross 5,000 as Rite Aid Begins Closing StoresWeekly UK Store Openings and Closures Tracker 2025, Week 13: Kingfisher Announces Store Expansion Plans; Whole Foods Opens New London StoreSentiment, Tariffs and Inflation—How Is the US Shopper Reacting? US Consumer Survey Insights