Report Overview

The Australia department stores market is expected to grow at a CAGR of 4.60% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to the ABS, the total retail turnover in Australia increased to AUD 35,798.8 million in February 2024.
  • The first domestic terminal department stores with Heinemann opened at Sydney airport.
  • As per the ABS, the monthly turnover of department stores in February 2024 increased by 2.3%.

Australia Department Stores Market Growth

Compound Annual Growth Rate

Value in AUD billion

4.6%

2024-2032


Australia Department Stores Market Outlook

*this image is indicative*

Based on the type, the Australia department stores market share is driven by apparel and accessories

The Australia department stores market is boosted as these stores provide a wide variety of clothing, footwear, and accessories from various brands, catering to different genders, sizes, and price points to satisfy diverse consumer needs. These stores also create marketing campaigns, and in-store promotions to attract shoppers and drive sales.

Australia Department Stores Market Report

According to the Australian Bureau of Statistics (ABS), spending on clothing, footwear, and personal accessory retailing increased from AUD 2,881.9 million in December 2023 to AUD 3,079.7 million in February 2024 with the monthly turnover increased by 4.2%.

The emerging trends on social media platforms have boosted Australia department stores market growth as social media influencers create content to follow fashion trends which influence the purchasing decisions of consumers. They promote different brands, and their collections help department stores build credibility and foster authentic connections with consumers. As per the Australian Bureau of Statistics, the total retail monthly turnover in Victoria and New South Wales increased by 0.7% in February 2024.

Australia Department Stores Market Segmentation

Australia Department Stores Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Apparel and Accessories
  • FMCG
  • Hardline and Softline

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

Australia Department Stores Market Share 

FMCG (Fast-Moving Consumer Goods) products have been a significant driver of the department stores market due to their high demand and frequent purchase cycles. Department stores have become a one-stop shop for consumers seeking a wide range of FMCG products, including food and beverages, personal care items, household cleaning products, and more. This variety attracts a steady stream of customers, ensuring regular foot traffic and consistent sales.

Leading Companies in the Australia Department Stores Market 

The growth of the department stores market is fuelled by increasing changes in consumer behaviour and the growing influence of social media platforms.

  • Woolworths Group Limited
  • Harrolds Logistics Pty Ltd.
  • Wesfarmers Ltd. (Kmart)
  • Myer Pty Ltd.
  • David Jones Limited

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4.60% between 2024 and 2032.

Based on the type, the department stores market is bifurcated into apparel and accessories, FMCG, and hardline and softline.

Key players in the industry are Woolworths Group Limited, Harrolds Logistics Pty Ltd., Wesfarmers Ltd. (Kmart), Myer Pty Ltd., and David Jones Limited among others.

The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

Report Features Details
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Region
Breakup by Type
  • Apparel and Accessories
  • FMCG
  • Hardline and Softline
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Woolworths Group Limited
  • Harrolds Logistics Pty Ltd.
  • Wesfarmers Ltd. (Kmart)
  • Myer Pty Ltd.
  • David Jones Limited
  • Others

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