Department Stores Market Is Estimated To Exhibit At USD 166.08 Billion By 2028
San Francisco, 21 July 2022: The Report Department Stores Market Size, Share & Trends Analysis Report, By Product Type (Apparel And Accessories, FMCG, Hardline And Softline), By Region, And Segment Forecasts, 2022 - 2028 The global department stores market size was estimated to reach USD 166.08 billion by 2028 and is expected to grow at a CAGR of 5.1% from 2022 to 2028, according to a new report by Grand View Research, Inc. The popularity of offering specified products by various retailers under the same roof eliminating the need to go to another store for different needs, which saves both time and energy for the customer is the major factor driving the growth of the market. Department stores require a large amount of space for the storage of various goods. This factor along with the need for a huge amount of capital to start and manage such stores are the major factors restraining the market growth. Most of the key players operating in the department stores market are adoptin