Sunday, September 03, 2006

End of the road for department stores?

Is the department store concept going defunct?

According to an article in The Economic Times, highlights the findings of a new AT Kearney study that indicates that department stores will lose out to specialty and discount retailers in the future.

In an industry prediction, shared exclusively with ET, global consultancy firm AT Kearney fears that 4-5 years down the line, there will be major encroachment of specialised formats or ‘category killers’ and discount retail in the business of department stores.

Read the full article here.

No comments: