Industry Statistics and Rankings
How does this industry perform in Belgium compared to Europe?
Country Benchmarking
Industry Data Belgium
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#11 In EuropeBusiness
#21 In EuropeEmployees
#20 In EuropeWages
#10 In EuropeDepartment store revenue is expected to drop at a compound annual rate of 5.7% over the five years through 2024. Department stores were once hailed as a one-stop shop and a shopper's favourite, but the retail landscape has changed. Department stores have been slow to keep up with what's in vogue and shoppers' need for instant gratification, losing sales to e-tailers and fast-fashion brands.
Enterprises
Number of businesses in 2024
Biggest companies in the Department Stores in Belgium
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Department Stores in Belgium industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Department Stores industry in Belgium in 2024?
The market size of the Department Stores industry in Belgium is €2.9bn in 2024.
How many businesses are there in the Department Stores in Belgium industry in 2024?
There are 576 businesses in the Department Stores industry in Belgium, which has declined at a CAGR of 2.1 % between 2019 and 2024.
Has the Department Stores industry in Belgium grown or declined over the past 5 years?
The market size of the Department Stores industry in Belgium has been growing at a CAGR of 1.0 % between 2019 and 2024.
What is the forecast growth of the Department Stores industry in Belgium over the next 5 years?
Over the next five years, the Department Stores industry in Belgium is expected to decline.
What does the Department Stores in Belgium include?
Clothing and footwear and Accessories are part of the Department Stores industry.
How competitive is the Department Stores industry in Belgium?
The level of competition is moderate and steady in the Department Stores industry in Belgium.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Supermarkets & Grocery Stores in Belgium
- Clothing, Footwear & Leather Goods Retailing in Belgium
- E-Commerce in Belgium
Complementors
Table of Contents
About this industry
Industry definition
Department stores retail a wide range of general merchandise, including clothing, household appliances, toys, games, personal-care products and garden equipment.
Related Terms
FAST FASHIONRETAIL ANCHORE-TAILERSWhat's included in this industry?
Clothing and footwearAccessoriesHealth and beautyFood and beveragesHousehold items and furnitureGames and toysElectrical goodsCompanies
Industry Code
4719 - Other retail sale in non-specialized stores in Belgium
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Department Stores in Belgium industry?
Outlook
Analysis
What's driving the Department Stores in Belgium industry outlook?
Volatility
Analysis
What influences volatility in the Department Stores in Belgium industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Department Stores in Belgium industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Younger shoppers abandon traditional department stores. Age greatly influences shopping preferences, with young adults shunning department stores in favour of alternative, budget-friendly alternatives like online shopping, renting items and fast-fashion outlets.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Department Stores in Belgium industry's products and services performing?
Analysis
What are innovations in the Department Stores in Belgium industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Department Stores in Belgium industry?
International Trade
Highlights
- Total Imports into Belgium
- Total Exports into Belgium
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
High barriers to success ensure little in market concentration. Brand loyalty and image pose a significant challenge to new entrants. The vast majority of department stores date back to the early 1900s, so they’ve built up a strong brand following.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Department Stores in Belgium located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Most of Europe has a light-touch approach to regulating department stores. Most legislation relating to department stores applies at a broader retail level (e.g. keeping supplier information) and is easy to comply with.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Department Stores in Belgium industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Price competition threatens profit. Leading department stores face intense price competition as lower-cost retailers expand and consumer trends favour second-hand and rental markets, lowering profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Department Stores in Belgium industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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