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Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes Sales
$2,500.00
Published – July 2023
Traditional department stores in China have been greatly impacted by the rapid development of online shopping in the country in recent years. Some have started to transform in response to the change, while others now face bankruptcy. As part of the Market Outlook series from Coresight Research, we dive into the Chinese department stores sector—covering its size and competitive landscape, as well as factors and themes impacting its growth—to offer insights that can help relevant department stores, brands and other retailers.
Data in this research report include:
Market size and year-over-year growth rates for Chinese department stores for 2018–2027E
Year-over-year changes in China’s GDP for the first quarter of 2019 through the first quarter of 2023
Overall urban and urban youth unemployment rates in China for May 2022 through May 2023
2022 revenues of the top 20 department store groups in China
Introduction
Department Stores in China: Performance and Outlook
China Department Stores Market Sizes
Market Factors
Competitive Landscape
Themes We Are Watching
Boosting Online Sales Through WeChat and Livestreaming
Community Marketing
Technologies in Offline Operations
What We Think
Department Stores Poised to Gain Advantage
Department Stores That Risk Losing Advantage
Implications for Brands/Retailers
Implications for Technology Vendors
18-page PDF report
Companies mentioned in this research report include: Alibaba(NYSE: BABA), Chongqing Department Store Co.(SHA: 600729), Easyhome New Retail Group (SHE: 000785), Shanghai Bailian Group (SHA: 600827)
China: Department Stores Market Size (Left Axis; USD Bil.) and YoY Change (Right Axis; %)
China: YoY Changes in GDP (%, Seasonally Adjusted)
China: Total Urban Unemployment Rate and Urban Youth (Aged 16 to 24) Unemployment Rate (%)
China: Revenues of Leading Department Stores (Groups), by Total Group Revenue (USD Mil.)
