Market Outlook 19 minutes PremiumMarket Outlook: US Department Stores—Innovation Amid New Challenges Erin Schmidt, Senior Analyst February 6, 2023 What's InsideEach Market Outlook offers our analysts’ definitive view of their sector. This research report includes proprietary forecasts, analysis of company metrics, exclusive consumer survey data and our analysts’ consideration of factors and themes in the market. In this Market Outlook, we explore how the US department store sector has recovered from the pandemic and fared amid new challenges in 2022 including inflation and changes in consumer preferences. We provide an outlook for the sector moving forward. We discuss trends in online sales, highlight major competitors in the market, provide an overview of where consumers are shopping and identify key themes that we are watching in the sector. Data in this report, for the US department store sector, include: Total revenue and revenue growth, 2017–2027E E-commerce sales and year-over-year changes, 2017–2027E E-commerce penetration, 2017–2027E Market share by company, 2017, 2021 and 2027E Kohl’s, Macy’s and Nordstrom annual revenues, 2017 –2023E Companies mentioned in this report include: JCPenney, Kohl’s, Macy’s, Nordstrom, Saks Fifth Avenue Other relevant research: E-Commerce Outlook: US Department Stores–Digital Slows as Consumers Shop in Stores Kohl’s Investor Day 2022: Sephora, Active, Digital and 100 Small-Format Stores to Drive Growth Market Outlook: UK Department Stores—Slimmed Down and Shaping Up This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: Tapestry’s Acquisition of Capri Holdings Paves the Way for an American Luxury PowerhouseUS Social Commerce Survey 2023—Infographic: Video-Centric Platforms and Influencers Offer Opportunities for Brands1Q23 US Retail Inventory Tracker: Inventory Turnover Ratios Further Improve for Many RetailersUS Store Tracker Extra, April 2023: Bed Bath & Beyond Pushes Total Closed Space to 52 Million Square Feet