Albany, NY -- (SBWIRE) -- 06/02/2016 -- About the Department Store Market in Mexico

The Mexican organized retail sector includes three different retail formats: department stores, specialized stores, and supermarkets. A wide range of products are sold in department stores, and these products broadly fall under one of these categories: apparel, footwear, and accessories; consumer electronics and electricals; home furniture and furnishings; and other products. The other products include beauty and personal care products; books, gifts, and stationery products; home care products; music, video, and entertainment software; and sports and leisure equipment.

The sheer consumption potential of Mexico has resulted in the country gaining the interest of retailers worldwide. Within the organized retail space, department stores in particular have received the attention of global heavyweights such as Wal-Mart and the home grown Liverpool and Grupo Carso.

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Technavios analysts forecast the department store market in Mexico to grow at a CAGR of 12.74% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the department store market in Mexico for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of products to individual customers in Mexico.

On the basis of retail format, the organized retail sector in Mexico is segmented into:

Department stores
Specialized stores
Supermarkets

Technavio's report, Department Store Market in Mexico 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Coppel, Grupo Elektra
Grupo Palacio de Hierro
Grupo Sanborns
Liverpool (El Puerto de Liverpool)
Suburbia

Other prominent vendors
American Eagle Outfitters
Best Buy
Costco de Mxico
Forever 21
Grupo Famsa
H&M
Zara

Market driver
Growth of middle-income class
For a full, detailed list, view our report

Market challenge
Competition from supermarkets
For a full, detailed list, view our report

Market trend
Growth in e-commerce
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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