Market Outlook 18 minutes PremiumMarket Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes Sales Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research July 18, 2023 What's InsideTraditional 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 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 Purchase this report. Buy Now This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 6: UK Closures Up 65%Powering the Retail Revolution: Insights Presented at RetailNext Executive Forum 2023NextGen Commerce, a Coresight Research Conference, December 2023: Agenda and Speaker DetailsInnovator Profile: Machyna—Revolutionizing Retail with Smart Shopping Carts and Baskets