Europe Department Stores Market Report 2020
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Providing the most comprehensive and up-to-date information and analysis of the Department Stores: Inc Impact of COVID-19 – Europe market, and the behaviours, preferences and habits of the consumer.
What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
The department store markets across Europe are quite different in nature. Germany has been in decline and its leading player, Galeria Karstadt Kaufhof, which represents three quarters of the market, looks fragile in the face of COVID-19. Department stores in France were sustaining a growth trend but are suffering the impacts of the pandemic as well. In Spain El Corte Inglés represents the entire market and is currently facing the difficulties of the ongoing COVID-19 pandemic, whilst in Italy a significant spike in online demand is only intensifying pressures from Amazon and other better-equipped online rivals.
Written by Armando Falcao, a leading analyst in the Retail sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The department store markets across Europe are quite different in nature. Germany has been in decline, while France has been sustaining a growth trend. In Spain El Corte Inglés represents the entire market. But all are currently under threat from the ongoing COVID-19 pandemic. With growing competition from online players and customers wanting to be dazzled by the store environment and to experience a day out when visiting a store, those that can combine elements of experiential retail in both the online and the offline spheres are more likely to succeed once physical retail outlets start to reopen Armando Falcao
Retail Analyst
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