Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes Sales

What's Inside

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

Companies mentioned in this research report include: Alibaba, Chongqing Department Store Co., Easyhome New Retail Group, Shanghai Bailian Group

Other relevant research:

• Market Outlook: US Department Stores—Innovation Amid New Challenges
• Market Outlook: UK Department Stores—Slimmed Down and Shaping Up
• Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar
• Retail 2023: 10 Trends in China E-Commerce
• More reports in the Coresight Research Market Outlook series
• See all reports in our China Consumer Tracker series