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Department Stores & Shopping Malls in China Industry Data and Analysis
Revenue for the Department Stores and Shopping Malls industry in China is expected to grow at an annualized 3.1% over the five years through 2025, to an estimated $245.3 billion. Per capita disposable income and consumer spending power have grown over the past five years. Revenue is expected to increase by 2.2% in 2025.Establishment numbers are expected to rise 0.3% in 2025, to an estimated 6,106 retail store locations. However, enterprise numbers are expected to fall 1.6% in 2025. This decline is due to increased merger activity and unprofitable companies exiting the industry. Profitability is estimated to account for 4.9% of revenue in 2025. Profit margins in the industry have declined in the past two years mainly because industry enterprises are cutting prices to attract consumers.The Department Stores and Shopping Malls industry has developed steadily in recent years due to retail sector development, changes in operating methods and shifting market needs. Industry enterprises are projected to continue incorporating customized experiences and cultural factors to appeal to more customers over the five years to 2025. The continued development of these factors is anticipated to contribute to steady revenue growth over the next five years. Department stores and shopping malls are now moving towards multi-format business models. Some department stores have introduced more youthful consumption experiences, like themed activity exhibitions and celebrity store interactions. Some shopping malls develop into communities, introducing pharmacies and lifestyle stations. The integration of multiple consumer demands has helped industry enterprises to improve passenger flow.However, the ongoing slowdown in the Chinese economy will likely moderate consumer demand. The rapid development of online shopping also presents a challenge to the development of traditional department stores and shopping malls. It is expected that revenue will rise at an annualized 2.2% over the five years through 2030, to total $273.2 billion.
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What's included in this industry analysis
IBISWorld's research coverage on the Department Stores & Shopping Malls industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Department Stores & Shopping Malls industry in China operates under the industry code 6511. Department stores and shopping malls in China are mainly engaged in large-scale retailing of a wide range of merchandise across many categories. These activities are generally managed centrally in one building. The industry's major product categories are: clothing and footwear, jewelry, cosmetics, home furnishings and décor, electronic appliances, and food and beverages. Related terms covered in the Department Stores & Shopping Malls industry in China include discount merchandise store, luxury store and shopping mall.
What's included in this industry?
Products and services covered in Department Stores & Shopping Malls industry in China include Clothing, Beauty and personal care products and Home and appliance products.
What companies are included in this industry?
Companies covered in the Department Stores & Shopping Malls industry in China include Shanghai Bailian Group Co., Ltd., Chongqing Department Store Co., Ltd. and Wangfujing Group Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Department Stores & Shopping Malls industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Department Stores & Shopping Malls industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Department Stores & Shopping Malls industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Department Stores & Shopping Malls industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Department Stores & Shopping Malls industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Department Stores & Shopping Malls industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Department Stores & Shopping Malls industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Department Stores & Shopping Malls industry in China.
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Frequently Asked Questions
What is the market size of the Department Stores & Shopping Malls industry in China in 2026?
The market size of the Department Stores & Shopping Malls industry in China is $245.3bn in 2026.
How many businesses are there in the Department Stores & Shopping Malls industry in China in 2025?
There are 1,012 businesses in the Department Stores & Shopping Malls industry in China, which has declined at a CAGR of 2.6 % between 2020 and 2025.
How may import tariffs affect the Department Stores & Shopping Malls industry in China?
The Department Stores & Shopping Malls industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Department Stores & Shopping Malls industry in China?
The Department Stores & Shopping Malls industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Department Stores & Shopping Malls industry in China grown or declined over the past 5 years?
The market size of the Department Stores & Shopping Malls industry in China has been growing at a CAGR of 3.1 % between 2020 and 2025.
What is the forecast growth of the Department Stores & Shopping Malls industry in China over the next 5 years?
Over the next five years, the Department Stores & Shopping Malls industry in China is expected to grow.
What are the biggest companies in the Department Stores & Shopping Malls industry in China?
The biggest companies operating in the Department Stores & Shopping Malls industry in China are Shanghai Bailian Group Co., Ltd., Chongqing Department Store Co., Ltd. and Wangfujing Group Co., Ltd.
What does the Department Stores & Shopping Malls industry in China include?
Clothing and Beauty and personal care products are part of the Department Stores & Shopping Malls industry in China.
Which companies have the highest market share in the Department Stores & Shopping Malls industry in China?
The company holding the most market share in the Department Stores & Shopping Malls industry in China is Shanghai Bailian Group Co., Ltd..
How competitive is the Department Stores & Shopping Malls industry in China?
The level of competition is low and steady in the Department Stores & Shopping Malls industry in China.
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