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Department Stores Market size was estimated to reach USD 166.08 billion by 2028

  Department Stores Industry Overview The global department stores market size was valued at USD 117.15 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2028.   A departmental store offers to purchase all the necessary items under one roof and the customers are not required to go from one store to another for purchasing products. This factor provides great convenience to the customers and also saves their time and energy, thus driving the overall market growth. Moreover, a wide variety of products from different manufacturers or retailers are sold in separate department stores, thus further driving the market. The COVID-19 outbreak negatively impacted the market. During COVID-19, department stores around the world remain closed due to strict lockdown across the globe. Moreover, supply chains were disturbed which affected the global retailers running the business.   Gather more insights about the market drivers, re...