Luxury Department Stores in the UK - Industry Market Research Report

Stacking Up Sales: Luxury Department Stores Expand Their Offerings to Help Drive Revenue Growth<Br>

Luxury department store revenue is expected to edge downwards at a compound annual rate of 1.2%. The performance of the Luxury Department Stores industry has been mixed over the past five years. In the first half of the period, high inbound tourism helped propel sales, though this rally came to an abrupt end when the pandemic hit and travel restrictions were introduced. With most of the inventory coming from overseas, luxury department stores also faced a complex landscape since the end of the UK-EU transition period. Luxury department stores retail a wide range of general merchandise, including accessories such as handbags and luggage, clothing and footwear and personal-care products. High-street department stores and non-specialised stores that primarily sell food are classified as supermarkets and are not included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.