1: INDUSTRY OVERVIEW: DEPARTMENT STORES
Department stores are large retail outlets that contain numerous individual shops, providing a wide range of product lines. Department stores most oftentimes consist of the following product categories:
1) Food
2) Cosmetics
3) Shoes and Accessories
4) Clothing
5) Interior Décor
6) Restaurants
Depending on the type of department store, department stores can offer a much wider range of products, including furniture, toys, electronics, books, etc.
Department stores come in a wide range of qualities and prices. There are such things as “high-end department stores”, which would focus purely on offering high-profile brands and products, while there are more mass-market targeting department stores, which are more likely to include a wider range of products, including practical household products.
That said, department stores will oftentimes try to cater to specific types of market segments. Particularly in the case of department stores in large cities, each department store will try to position itself differently from its direct and nearby competitors: some will try to cater to younger generations, while some will try to cater to the older generations. Some will try to cater to those interested in mainstream brands, while others will focus more on boutique, independent brands.
In the US, the department store industry includes approximately 20 companies operating roughly 3,500 stores. Major department stores in the US include: Sears, JCPenney, Macy’s, and Dillard’s. The industry earns an annual revenue of around $60 billion USD, 95% of which is earned by the largest 8 companies in the industry.
Some links about the industry:
http://en.wikipedia.org/wiki/Department_store
http://vspages.com/mall-vs-department-store-5580/
http://en.wikipedia.org/wiki/Shopping_mall
http://www.hoovers.com/industry/department-stores/1529-1.html
SPACE
2a: Implicit or Explicit?
From the department store owner’s standpoint, I would say that space is often sold explicitly, as they would charge the tenants per the size of the lease space. On the other hand, for stalls or booths set up in more open areas of the department store, space may be considered more implicit, as these spaces may be sold with less correlation to the exact size of the space.
2b: Ways of Splitting Space
Department stores have different types of spaces within the building that cater to their customers. The most typical type is the space split by fixed walls into one unit, and can usually be shut off or closed by a door or a shutter. These spaces cannot easily be adjusted in terms of size and layout without investment of significant time and money. These fixed spaces are generally leased out to a specific brand or company, such as Zara, Coach, Burberry, etc.
Then there is the semi-fixed space, such as the department store areas dedicated to selling cosmetics or shoes. These are oftentimes open areas in which a specific brand or merchandising line take up certain spaces, but are not divided up by physical walls or entryways. These areas are much more flexible in terms of changing the products being handled, given that one area can easily be changed to carry one brand/line from another; however, certain fixtures used for the displays will be fixed, and hence less flexible to change from a layout perspective.
There is also open space, in which temporary booths or stalls are built to sell a smaller line of products or services.
Different from other uses of store space is the use of space to purely focus on selling experiential services. For department stores, the focus generally remains on selling physical products. However, there are rare instances when space is allocated to selling services—one case being when department stores are attached to movie theaters.
2c: Creating Additional Revenue
One of the most standard ways for department stores to create additional revenue is by holding major seasonal sales. Because the product life cycle of clothes tends to be fairly short, many stores have inventory left over by the time they have to replace old products with new products. Having a highly publicized sale allows for these leftover products to be sold, be it at a lower price than its retail value.
One key to making people spend more money is to convince people to stay out shopping longer. A way to
do this is to provide adequate opportunity for people to take a break from shopping and rest. Many department stores provide these venues by creating food courts—or in high-end places by providing patisseries or coffee shops at which people can recharge before going back to shop some more.
I also think one of the more creative ways in which department stores have used their space to create additional revenue is through creative use of its open space. Another approach department stores can use to bring people to their stores is to provide an additional incentive to go to that location. A common approach used to achieve this in the U.S. has been to create playgrounds in the open areas of the department stores. This service often incentivizes families to go to a department store, simply because it allows an opportunity for their children to play.
One more approach commonly used in Japanese department stores to bring more people to the site is to host certain “festivals” or special events in their open space. For example, department stores would often host weekly “mini fairs” on either the ground floor or the top floor, in which one area of the department store would be devoted to hosting jewelry/clothes/food from brands and shops that usually were not represented at the department store. The content would be changed frequently, and the department store would often be able to bring new people into the store by publicizing new, limited-time genres of offerings at their store.
2d: Potential New Ways of Splitting Space
There are several different directions department stores could potentially go in terms of splitting space differently. One direction would be to use space to create more personalized services to customers. Many of the spaces in department stores are “public”, but allocating a portion of space at high-end stores to allow for “private” space may allow for varying experiences for customers. Customers would be charged a premium for making use of these private spaces.
Another potential use may be to make the spaces more flexible. Instead of sticking with a model that leans heavily toward having “fixed” spaces, changing to a model in which it would be much simpler, cheaper, and quicker to change tenants may be an attractive approach for department stores that are pursuing a more trendy, up-to-date feel.
3: TIME
3a: Implicit or Explicit?
Department stores generally sell time implicitly: this is because the product being sold generally isn’t associated with a particular time limit. For example, it is not like a massage, where you are buying 60 minutes worth of service. The transaction is associated with a physical product unattached to time.
3c: Selling Time Explicitly
Time is currently being sold explicitly at certain department stores, although these cases are generally not a reflection of its overall business model. For example, some department stores may include shops that offer time-explicit services. Some department stores have massage shops, which are time-based service sales.
As another example, some department stores in Japan have small football fields on their rooftops, which people can rent out on an hourly basis.
(http://www.futaba-sp.com/omiya/2010/03/post-23.html)
Some department stores also include game centers for children—some of these entertainment options include machines that run for a set period of time per game.
Department stores will often have restaurants on one of their floors. These restaurants can often choose to set time limits to each group of customers (ex. 2hr limit) to be able to take in more customers during peak times.
(http://www.mitokeisei.co.jp/shop/10_skygarden/11keizan.html)
3d: Creative Things to do with Time
There are a couple things that could be done creatively with time—some of which may already be being done to varying lengths at department stores. One might be to offer some sort of benefit if a certain amount of time is spent within the department store. For example, if a customer was to receive certain benefits if they stayed for 5 hours at a department store on an off-peak day, this could incentivize customers to spend more money during their wait time, and this could also help to improve the image of the department store by maintaining more customers.
Another thing they might potentially consider doing is to include shops that provide rental services. Some shops may already do tuxedo/dress rentals, which would be time-based; they could potentially take this further by doing time-based rentals of other high-end luxury clothes and accessories.
4a/b: Physical and Non-Physical Rate Fences
Below are several examples of physical rate fences (owner-tenant relationships are more likely to be involved with physical rate fences than the tenant-customer relationships)
- (Owner-tenant POV) Depending on the size of the space being rented, owners can choose to increase or decrease the rates
- (Owner-tenant POV) Certain areas of a department store are likely to be more popular/convenient; hence an owner can charge more depending on the location of the space within the store (http://www.ehow.com/facts_6313023_average-retail-lease_.html)
- (Tenant-customer POV) For services such as restaurants within the department store, tenants can set rates by charging differently between open areas and private rooms
In terms of non-physical rate fences, I would say that there are many opportunities to create rate fences, depending on the type of service/product the store sells. There are also several opportunities within the owner-tenant relationship:
- (Owner-tenant POV) Depending on the lease period, the owner can set different rates to charge the tenant
- (Owner-tenant POV) Depending on the credibility/attractiveness of the tenant, the owner can set different rates
- (Tenant-customer POV) Depending on the quality of the product, functionality of the product, or time/length of the service, rates can be set differently. There is an enormously wide range of examples of this in department stores. A Gap outlet, for example, may sell a tank top for $10, while a Burberry outlet would sell a similar styled tank top for $150. Similarly, a cell phone with 3G functionality may sell at a cell phone provider outlet at a certain price, while a phone with 4G functionality would sell at a much higher price.
4c: Creative Ways to Set Rate Fences
Some ways I can think of setting rate fences creatively is to perhaps offer more intangible services—rather than just the physical products. For example, an I Love Bangkok t-shirt may only cost $5 at the actual retail shop, but if the customer already knows what he/she wants, but doesn’t want to make the trip up 7 floors and 5 minutes of walking to get there, the store could potentially charge an extra $1 to have the t-shirt brought down to the concierge desk of the department store for a quick pick-up.
boarding up hounslow Repair My Windows And Doors
Boarding Up a Doorway
By boarding up a doorway, you can stop further damage to your property from rain, snow or hail. It also keeps vandals, squatters and scavengers away.
Doors are more secure than windows, but they can still be broken or kicked into. They must be paired wit
3D printed organizer
Elevation Labs does a great job at supporting headsets in an aesthetically pleasing means. The only reason it didn’t take the best general spot is due to its limited ability to accommodate a vertical mounting configuration. However, if you’re wanting purely for an under-desk mount, this can be a excellent possibility. The twin arm hanger means you can hold as a lot as two he
wooden bedside cot
Travel Cot Bedside
A bedside for a travel cot is designed to provide a secure and comfortable sleeping space for your baby while away from home. They can be used at hotels, in homes of friends or even when camping.
This travel cot features an integrated bassinet to accommodate infants. It also has
Dr. Kerry Evans
selleck
The aim of the study was to compare background characteristics, microbiology and outcome of patients with right-sided and left-sided intravenous drug use (IDU) associated infective endocarditis (IE). A nationwide retrospective study using the Swedish Registry on Infective Endocarditis between 2008 and 2019 was conducted. A total of 586 people with IDU-IE were identified and divided into left-sided (n = 204) and right-sided (
Cisplatin chemical
The evolution of resistance to insecticides threatens the sustainable control of many of the world’s most damaging insect crop pests and disease vectors. To effectively combat resistance, it is important to understand its underlying genetic architecture, including the type and number of genetic variants affecting resistance and their interactions with each other and the environment. While significant progress h
Panobinostat
Within the piggyBac family, we observed a lack of cross-species activity and found that PGBD5 was unable to bind, excise or integrate piggyBac transposons in human cells. Transposition activity appears restricted within species within the piggyBac family of mobile genetic elements.Hemophagocytic lymphohistiocytosis (HLH) is an inflammatory disorder in which numerous cytokines are elevated, though interferon gamma (IFN-
Bioactive Compound Library mw
Mammalian olfaction and reproduction are tightly linked, a link less explored in humans. Here, we asked whether human unexplained repeated pregnancy loss (uRPL) is associated with altered olfaction, and particularly altered olfactory responses to body-odor. We found that whereas most women with uRPL could identify the body-odor of their spouse, most control women could not. Moreover, women wi
Dr Wade Newman
4 seater leather chesterfield sofa
is a significant investment and one that needs to fulfil a lot of requirements. You want it to be comfortable and fit in with your decor.
Look for models with sprung backs and seats for more support. Also, consider power recline options that are easy to use and perfect for those who struggle to stand up from standard sofas that are upholstered.
<br
wooden bedside cot
What Is a Bedside Cot?
Bedside cots are available in a bassinet style and are connected to the side of the bed. They have a drop down or a removable side that makes it easier to grab your baby for feeding or soothing at night.
They are a great alternative to bed-sharing, which is not recommended by experts and can increase the risk of SIDS.
hoki311
Jadi juara dalam beberapa situasi tergolong dalam web-site judi online bisa dipercaya terang jadi hal yang Anda kehendaki. Baik di permainan model apa saja yang tergolong judi, kami bisa meyakinkan menghendaki kemenangan ialah hal yang universal tiap-tiap pemain perlukan. Walau demikian, untuk mendapat kemenangan ini terang tidak perihal yang gampang buat Anda melakukannya.
Seluruhnya dari Anda harus perhatikan berbagai peri
Dr. Kerry Evans
Dr Wade Newman
Dr Wade Newman state college PA
top wood burning stoves
Cheap Wood Burning Stoves
Wood and pellet stoves can add an inviting atmosphere to any home. Before making a purchase homeowners should take into consideration a few important factors. Cost, environmental impact, and energy efficiency are just a few of them.
A wood stove must be EPA-ce
cdk signaling
The purpose of this research was to investigate the hemorrhgic internet sites and security vessels in hemorrhagic MMD utilizing the p.R4810K variation. Hemorrhage internet sites had been classified as either anterior or posterior. Collateral vessels were classified into three subtypes according to origin lenticulostriate anastomosis, thalamic anastomosis, and chor
PF-06424439 cost
The online application is available at https//nakul-singh.shinyapps.io/RB_Screening_rec/.
The assessed risk of germline
mutation determines ophthalmic surveillance recommendations. The tool may have most value in regions where access to specialized care is limited.
The assessed risk of germline RB1 mutation determines ophthalmic sur
Dr. Kerry Evans
Dr Wade Newman state college PA
Benjamin Wey
how you can help
Car Key Replacement Near Me
Key fobs can also be used to lower the windows. They can also be costly to replace or change the programming.
If you lose your keys, check to see if your warranty, auto club membership, or insurance policy will cover the cost of getting the repla
selleckchem
Circ_0017956 knockdown caused inhibitory effects on the proliferative and metastasizing capacities of NSCLC cells. Mechanistically, circ_0017956 could sponge miR-515-5p, and circ_0017956 depletion blocked NSCLC cell malignant behaviors by increasing miR-515-5p expression. Furthermore, miR-515-5p targeted ITGB8 and ITGB8 overexpression also neutralized the miR-515-5p-triggered inhibition effects on NSCLC cell p
Androgen Receptor signaling pathway Antagonists
Purpose A method for fluoroscopic guidance of a robotic assistant is presented for instrument placement in pelvic trauma surgery. The solution uses fluoroscopic images acquired in standard clinical workflow and helps avoid repeat fluoroscopy commonly performed during implant guidance. Approach Images acquired from a mobile C-arm are used to perform 3D-2D registration of both the pati
pure caluanie muelear oxidize for sale
Buy Caluanie Muelear Oxidize Australia at the Best Price From a Reputable Online Retailer
Buy caluanie muelear’s oxidize australia at the most affordable price from a reputable online retailer. This powerful chemical compound is utilized in industrial settings for metal re
Dr. Yorell Manon-Matos
See What Wheelchair With Folding Arms Tricks The Celebs Are
Using Wheelchair With folding arms
Benjamin Wey
Benjamin Wey NY
american fridge freezers uk
Big American Fridge Freezer
One of the most expensive kitchen appliances you could buy, a big american fridge freezer makes an impressive statement piece in an open-plan space. They are characterized by a huge storage capacity, and are equipped with a variety of clever features like fruit drawers that are 0@ and vegetable drawers that wil
Dr. Yorell Manon-Matos
https://kinogo.host/40233-zimorodok.html
Турецкие сериалы завоевали сердца зрителей по всему миру, и среди них особое место занимает сериал “Зимородок”. Этот увлекательный проект не только погружает нас в уникальную атмосферу Турции, но и предлагает захватывающую историю, полную интриг и эмоций. В каждой серии разворачивается непростая судьба главных героев, что делает сериал особенно привлекательным дл
Bron
Wij optimaliseren jouw website voor mobiele telefoons, tablets en desktops, zodat het op ieder apparaat de juiste indruk maakt en de doelen kan bereiken. Trustoo is genomineerd voor Website van het Jaar in de categorie Vergelijking. De stembussen zijn nu geopend en jouw stem kan het verschil maken. Stem op Trustoo en maak zelf ook kans op fantastische prijzen. De laatste periode heeft hij werk gedaan vo
Dr Wade Newman state college PA
gsk2256098 inhibitor
We reveal dosage escalation benefited patients with UC which show a “partial reaction” to standard dosing. Early vedolizumab dosage escalation should be considered both in customers with severe infection and those with prior anti-TNF knowledge.In the time-to-event environment, the concordance probability assesses the general standard of agreement between a mo
ebay childrens bunk beds
Childrens Wooden Bunk Beds
Children’s bunk beds made of wood are a fantastic option for any child’s bedroom. They are both attractive and practical. They maximize space, stimulate imagination and promote socialisation among siblings.
Kids love their bunks, especially whe
Photobooth rental Pittsburgh PA
In today’s fast-paced world, capturing memories has become an integral part of our lives. Special occasions like weddings, birthday parties, and corporate events deserve to be documented in a unique and fun way. That’s where photobooth rentals come in, providing an engaging experience for guests while creating lasting memories. With the growing popularity of photo booth services in Pittsburgh, it’s clear that these ente
Benjamin Wey NY
Dr. Yorell Manon-Matos
Dr. Yorell Manon-Matos
Explore more
온라인 카지노와 토토사이트를 이용하는 사람들이 늘어나면서 안전한 플랫폼을 찾는 것이 점점 더 중요해졌습니다. 그 중에서도 예스벳은 많은 이용자들에게 신뢰받는 장소로 자리잡고 있습니다. 하지만 예스벳에 대한 여러 정보를 잘 이해하지 못한다면, 올바른 결정을 내리기 어려울 수 있습니다. 이번 가이드를 통해 예스벳에 대한 모든 것을 알아보고, 안전하게 이용할 수 있는 팁을 제공하고자 합니다.
예스벳은 다양한 온라인 게임과 베팅 옵션을 제공하는 사이트로, 특히 카지노 게임과 파워볼, 토토사이트가 인기입니다. 먹튀와 같은 불안 요소도 있기 때문에, 확실하고 안전한 플랫폼인지 확인하는 것이 필수적입니다. 이 가이드에서는 예스벳의 주소, 가입코드, 추천코드 등을 자세히 설명하고, 예스벳을 이용하는 방법과 주의할 점을 알아보겠
repairmywindowsanddoors
How to Spot Blown Double Glazing Repairs
Whatever new your double glazing is, it’s not a guarantee of durability. It can fail and, if it does, you must fix it as quickly as you can.
Double-glazed windows that fog are a sign of failing. It means that the seal between the two panes has failed, resul
wooden bedside cot
Bedside Cosleeper
A bedside sleeper is attached to your adult bed. If you stick to the CSPC guidelines for infant sleeping spaces it’s secure.
These guidelines are similar to crib bedding standards. Find out more about the guidelines here. When selecting a bedside sleep device safety, comfort, and convenience are the main factors to consider.
<
Benjamin Wey
go to this site
Baby Bedside Cot
A crib for babies (or next-to-me crib) is a bassinet-style crib that can be attached to the bed’s side and allows you to reach out and soothe your baby without having to get up. Some models also come with an incline function to assist in relieving reflux.
You should only pla
Photo booth Pittsburgh PA
In today’s fast-paced world, capturing memories has become an integral part of our lives. Special occasions like weddings, birthday parties, and corporate events deserve to be documented in a unique and fun way. That’s where photobooth rentals come in, providing an engaging experience for guests while creating lasting memories. With the growing popularity of photo booth services in Pittsburgh, it’s clear that these entertaini
körkort online test
Buy Driver’s License B96 Without a Degree Online
A driver’s licence is an important tool to maintain road safety. New York’s current licensing requirements make sure that drivers have the knowledge and skills needed to safely navigate the streets. These regulations cover both driving and written tests. They also
Dr. Yorell Manon-Matos
nocodazole inhibitor
Squamous cell carcinoma-related antigen (SCC-Ag) has also been assessed in the serum. Results Serum miR-638, miR-203a-3p, miR-1914-5p, and miR-521 levels were downregulated in the CSCC team (p less then 0.05). Receiver operating feature (ROC) bend analysis suggested that the area beneath the ROC curve (AUC) values for miR-638 and miR-521 had been 0.734 and 0.7
카지노사이트
온라인 카지노사이트의 인기가 날로 증가하고 있습니다. 많은 사람들이 집에서 편안하게 게임을 즐기고, 다양한 보너스와 프로모션을 통해 더욱 즐거운 경험을 찾고 있습니다. 그러나 수많은 사이트 중에서 안전하고 신뢰할 수 있는 카지노사이트를 선택하는 것은 결코 쉬운 일이 아닙니다. 이 글에서는 최고의 온라인 카지노사이트를 추천하고, 안전한 게임 환경을 보장하는 방법에 대해 소개하겠습니다.
카지노사이트를 선택할 때는 여러 가지 요소를 고려해야 합니다. 사용자 리뷰, 보안 인증, 다양한 게임 옵션 등은 중요한 기준이 됩니다. 특히 실시간 카지노사이트는 전통적인 카지노의 분위기를 그대로 느낄 수 있어 많은 인기를 끌고 있습니다. 이번 기사에서는 카지노사이트 추천 모음 및 추천하는 카지노사이트 순위를 통해 여러분