Developing Countries Offer Hope to Departmental Stores, According to a New Report by Global Industry Analysts, Inc.

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Growing competition from counterparts in the retail industry has forced departmental stores to rethink and restructure operations, and adopt innovative strategies to sustain consumer interest. Developing countries are emerging as new centers of growth, driven by favorable economic conditions, rising levels of disposable consumer incomes, and changing purchasing patterns.

Departmental Stores: A Global Outlook

Departmental stores, which have traditionally been a dominant sector of the retail industry, are confronting threats from counterparts such as malls, specialized retailers and supermarkets. Competitors are gradually encroaching the department store share through strategies such as lower prices and better product offerings. Faced with intense competition in the retailing industry, departmental stores are adopting innovative strategies to lure customers. By focusing on 'service' differentiator, departmental stores seek to recapture the lost glory and enhance product sales.

Departmental stores are also undertaking restructuring of operations and facilities by implementing changes in store design and integrating uniqueness in merchandising concepts. By offering premium products, and private label brands with high profit margins, departmental stores are targeting improved revenue generation. Consolidation is another strategy being adopted to strengthen logistics management, and for improving management of resources, financial and otherwise, in departmental stores.

With developed countries offering limited growth opportunities owing to intense competitive environment, departmental stores are foraying into developing regions such as India, China, Pakistan, Malaysia and Indonesia. Booming economies, rising consumer affluence, changing purchasing patterns, and relatively lower levels of competition are driving departmental stores to benefit from the vast growth potential of the untapped markets. However, growth in some regions is hampered by the lack of adequate infrastructure, and due to logistical hurdles.

The United States continues to be the leading market, with departmental stores offering a wide selection of goods including health and beauty aids, footwear, drugs, appliances, apparels, accessories, home furnishings, automotive equipment, sporting goods and many more. With domestic retail industry witnessing consumer preference for malls and supermarkets, departmental stores are on a restructuring mode through expanded product offerings, and integration of attractive options such as fancy shopping cars and Internet kiosks.

The report titled "Departmental Stores: A Global Outlook", published by Global Industry Analysts Inc, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report enumerates recent mergers and acquisitions together with summarized global and regional market facts. Regional markets covered include the U.S., Japan, Europe, UK, Asia Pacific, Australia, China, Hong Kong, India, Indonesia, Thailand and South Korea, among others. Annotated with 29 information-rich tables presenting market data findings, and analytical research projections, the entire discussion contained in the global outlook series is designed to offer the reader a rudimentary coverage of departmental stores in the international space. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 241 companies worldwide.

For more details about this research report, please visit http://www.strategyr.com/Departmental_Stores_Industry_Market_Report.asp.

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com

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