{"id":161127,"date":"2025-03-29T13:00:00","date_gmt":"2025-03-29T13:00:00","guid":{"rendered":"https:\/\/www.parisselectbook.com\/2025\/03\/29\/what-will-department-store-sales-reveal-in-2024\/"},"modified":"2025-03-29T13:00:32","modified_gmt":"2025-03-29T13:00:32","slug":"what-will-department-store-sales-reveal-in-2024","status":"publish","type":"post","link":"https:\/\/www.parisselectbook.com\/en\/2025\/03\/29\/what-will-department-store-sales-reveal-in-2024\/","title":{"rendered":"What will department store sales reveal in 2024?"},"content":{"rendered":"\n

After the post-pandemic euphoria, the world’s department stores are experiencing a slowdown. But behind this overall downturn, the World Department Store Observatory reveals highly contrasting regional dynamics. <\/strong><\/p>\n\n

An overall decline for department stores of -1.6% over 2023-2024<\/h2>\n\n

According to the latest report from theObservatoire Mondial des Grands Magasins<\/strong> (created in 2021 by IADS), worldwide department store sales fell by -1.6%<\/strong> in the 2023\/2024 financial year. After a strong recovery in 2021\/2022, the sector as a whole seems to be falling back into a phase of normalization<\/strong>, against a backdrop of structural change: mergers, privatizations, changes in shareholder ownership<\/strong> and difficulties in segmenting figures by business unit. <\/p>\n\n

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A publication shared by Le Bon March\u00e9 Rive Gauche (@lebonmarcherivegauche)<\/a><\/p><\/div><\/blockquote>\n