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Global department store sales dip 1.6% as post-COVID growth levels off
The global economy witnesses a 1.6 per cent decline in FY 2023–2024 sales, with growth stabilising post- COVID, as per 2025 edition of the Global Department Store Monitor by IADS, headquartered in Paris. Geopolitical tensions, US tariffs, and a TikTok ban further add uncertainty. Growth in India, Vietnam, and EU sustainability mandates will reshape retail ahead.
The global economy witnesses a 1.6 per cent decline in FY 2023–2024 sales, with growth stabilising post- COVID, as per 2025 edition of the Global Department Store Monitor by IADS, headquartered in Paris.
Geopolitical tensions, US tariffs, and a TikTok ban further add uncertainty.
Growth in India, Vietnam, and EU sustainability mandates will reshape retail ahead.
