China dominates Asia-Pacific’s department stores retail sales representing 38.3 percent

The Asia-Pacific department store retail sales is expected to grow faster during 2015-2020 against historic period. China dominates the regional market representing 38.3% of the Asia-Pacific’s department stores retail sales. China will continue to be the largest value contributor, followed by Japan, which is set to record a CAGR of 3.7%. Indonesia is forecast to be the fastest-growing country driven by positive economic conditions and the success of leading retailers in Indonesia are attracting new players to the market.

According to the recent report released by Verdict Retail, clothing and footwear continues to be a major category sold through department stores. The report titled Department Stores Retailing in Asia-Pacific, 2015-2020 also provides a comprehensive view of the Asia-Pacific’s department stores retail landscape, including current market sizes and category forecasts to 2020; and highlights the Asia-Pacific’s s fastest growing markets and category groups.

Details market size and category forecasts for each region and countries, and features major retailers, key innovative retailers, and department store retail trends from 12 largest markets in the Asia Pacific are also covered in the report.

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