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Coresight Bites: US Department Stores—Market Outlook

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Coresight Bites provide free snapshots of Coresight Research data and findings.

This graphic presents selected insights from our Market Outlook on the US department store sector.

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  • Coresight Research estimates that overall department store sector revenue in 2023 will decrease by 0%–1.0%, year over year, to around $85 billion.
  • We anticipate that from 2022 to 2024, revenue growth will remain between 0% and (1.0)% and will begin to swing into positive territory in 2025; in 2027, we expect that revenues will be approximately 8% below pre-pandemic 2019 revenues.

Click the image below to read the full Market Outlook report, which offers our analysts’ definitive view of the US department store sector, including key themes we are watching.