NATIONAL DEPARTMENT STORE DAY – OCTOBER 16th, 2023
Department stores refer to commercial retail establishments that sell directly to customers and differ greatly from normal retail outlets because they classify and display a broad array of products as per department; for instance, a department store will have separate sections or departments dedicated to fashion, furniture, appliances, foodstuffs e.t.c. Annually on October 16th, National Department Store Day appreciates the significance and impact of department stores in the country.
FIVE FACTS YOU NEED TO KNOW ABOUT DEPARTMENT STORES
- United States' Oldest Retail Industry
The oldest and most successful retailer in the United States is Brooks Brothers.
- World's First Store
The first department store in the world was Le Bon Marche, founded in 1852 in Paris.
- World's Biggest Store
The biggest department store in the world is Shinsegae Centumcity Department Store in South Korea which covers two buildings and is 5,487,595 square feet.
- America's Richest Store
Measured by revenue, Macy's is America's richest department store chain.
- Number of Stores in the U.S.
The U.S. has approximately 6,297 department stores.
WHY NATIONAL DEPARTMENT STORE IS IMPORTANT
One-Stop Shop
Once you visit a department store, you should be able to get all that you need.
Cultural Aspect
Thriving department stores attract people from adjacent areas, developing new social connections and relations.
Supporting Local Population
Mostly, department stores employ locals.
