by

Department Store Industry

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.

119,177 thoughts on “Department Store Industry”

  1. selleck chemical
    Mycelial extract presented some major compounds such as ethyl linoleate, oleic acid, n-hexadecanoic acid and ethyl palmitate that are reported to exhibit anti-inflammatory activity. Thus, our study highlights the significance of Aspergillus arcoverdensis as an effective producer of antioxidant and anti-inflammatory compounds for future utility in pharmaceutical and cosmeceutical applications.The aim of this study

  2. this website
    The purpose of this study was to describe the caregiver’s proxy-report of the quality of life (QoL) of children with cancer and the main family caregiver’s competence, and to examine the role of said competence and other care-related variables in their proxy-reported QoL of children with cancer.

    This was a cross sectional, correlation design study conducted with 97 main family care

  3. online test for adhd
    ADHD Testing Adults

    Online symptom checklists and ratings scales can be used to determine if a person’s symptoms are ADHD. However the most effective way to determine if a professional has diagnosed ADHD is to consult. This can be done through consultation and assessment with the help of a therapy.

    The examiner will inquire about the pers

  7. PFI-2 research buy
    Around 15% to 20% of patients with clinically probable Alzheimer disease have been found to have no significant Alzheimer pathology on amyloid positron emission tomography. A previous study showed that conversion to dementia from amyloid-negative mild cognitive impairment (MCI) was observed in up to 11% of patients, drawing attention to this condition.

    We gathered the detaile

  8. Z-VAD-FMK
    Evidence suggests that sleep may relate to oral language production in children with Down syndrome. However, these children are capable of using complex referential gestures as a compensation strategy for problems with oral production, and those with a greater productive oral vocabulary have less gestural vocabulary. The goal of this study was to explore whether sleep quality relates to oral and gestural production

  9. N-Nitroso-N-methylurea chemical structure
    07±0.02 nM, p=0.001). Among female patients with diabetes, the aqueous concentration of 2-AG was higher in those with diabetic retinopathy compared with those with no retinopathy (0.30+0.16 nM vs 0.04±0.01 nM, p=0.0025). The aqueous level of the sum of EC was higher in those with ocular comorbidity (2.49±0.73 vs 1.44±0.17, p=0.0002). Conclusion There were gender, diabetes sta

  10. casino 123win
    The front row of buttons add the playing options, i.e. the lines per spin, the bet max button, generally collect button and in some cases a help button. The purpose of these buttons is explained in detail below.

    When are usually considering for playing games online, you need to manifest as a little careful about the choices of the device. Like

  12. Sodium butyrate concentration
    Pellet intake was significantly decreased by BSFL provisioning during day 4-11 post-weaning, although feed and net energy intake including BSFL never differed between treatments. BSFL provisioning did not influence piglet growth, feed efficiency, energy efficiency, and faecal consistency. To conclude, live BSFL provisioning positively affected post-weaning piglet behaviour while maintaining per

  13. read more
    Cyanine dyes are known to form large-scale aggregates of various morphologies via spontaneous self-assembly in aqueous solution, akin to chromonic liquid crystals. Atomistic molecular dynamics simulations have been performed on four cyanine dyes pseudoisocyanine chloride (PIC), pinacyanol chloride (PCYN), 5,5′,6,6′-tetrachloro-1,1′,3,3′-tetraethylbenzimidazolylcarbocyanine chloride (TTBC) and 1,1′-disulfopropyl

  14. VX-478 purchase
    71, 1.15, and 0.56 g/100 g w.b, respectively. Iron, calcium, phosphorus, and zinc content were 7.8, 60.5, 410.8, and 60 mg/100 g w.b, respectively. Mesophilic bacteria, lactic acid bacteria, coliforms, yeast, and molds were all less then 1 Log CFU/ml. The nutritional, amino acid and mineral contents were significantly different (p less then .05). In conclusion, the results of this study were satisfyin

  15. Cucurbitacin I mw
    Methionine deficiency altered the ratio of the three clones and increased chromosomal aberrations and DNA damage in RAW 264.7. Methionine deficiency also increased radiation-induced chromosomal aberration and DNA damage in RAW 264.7 cells. Furthermore, mice maintained on a methionine-deficient diet showed more chromosomal aberrations in bone marrow cells than those given methionine-adequate or supplemented

  18. récupérer des points sur le permis de conduire
    Driving License Price 2024

    The cost for obtaining the driver’s license varies from one state to another. To obtain a driver’s licence you have to pass multiple medical tests and drug tests. You’ll also have to complete a series of classes in order to learn. You will also have to pay for each exam attempt.

    Tenne

  19. Pamapimod cost
    Calcium homeostasis is a cellular process required for proper cell function and survival, maintained by the coordinated action of several transporters, among them members of the Na+/Ca2+-exchanger family, such as SLC8A3. Transforming growth factor beta (TGF-β) signaling defines neuronal development and survival and may regulate the expression of channels and transporters. We investigated the regula

  21. this website
    Purpose On the basis that spironolactone is involved in ACE2 expression and TMPRSS2 activity, previous studies have suggested that spironolactone may influence the infectivity of COVID-19. Research has suggested that cell entry of SARS-CoV-2, the virus that induces COVID-19, is associated with the ACE2 receptor and TMPRSS2. The purpose of this study was to investigate whether spironolactone has a protective effect agai

  22. NSC 74859 research buy
    Additionally, we identified a sensorimotor circuit, in which the functional connectivity among these regions was significantly correlated with levels of consciousness across the different groups, and remained present in the REM-sleep group. Taken together, we demonstrated that regions forming a higher-order sensorimotor integration circuit are involved in supporting consciousness within the brain’s global fun

  23. loozap egypt apartments for rent,
    Welcome to Loozap Egypt, your ultimate destination for everything you need in one convenient online marketplace. Whether you’re searching for a new job, a car, an apartment, or even electronic gadgets, Loozap Egypt has you covered. -friendly platform is designed to cater to the diverse needs of the Egyptian community, offering a wide array of listings across various categories.

  24. Tauroursodeoxycholic datasheet
    Nanomaterials have become increasingly important in medicine, manufacturing, and consumer products. A fundamental understanding of the effects of nanoparticles (NPs) and their interactions with biomolecules and organismal systems has yet to be achieved. In this chapter, we firstly provide a brief review of the interactions between nanoparticles and biological systems. We then provide

  25. this post
    Installing a Wood Burning Stove For a Shed

    A wood-burning stove for your shed is a perfect option for those who wish to add a touch of homely charm to their garden retreat. Any DEFRA-approved shed log burner must be placed in a smoke control area and the flue pipe should be properly shielded.

  28. buy Opicapone
    Presenting symptoms were headache, disequilibrium, ophthalmoplegia, and panic attack. Eleven tumors showed H3K27M mutation and were diagnosed as diffuse midline gliomas. BRAFV600E, ATRX mutations, PTEN loss, and EGFR amplifications were other molecular alterations detected within tumor samples. Patients with H3K27M mutant tumors had a shorter life span. Five patients were enrolled in an ONC201 trial. Conclusion Alth

  29. this website
    RESULTS Reconstruction with BSREM improved quality and clinical scores across all count levels, with the greatest benefits in low-count conditions. Image quality scores were greatest at 300-s acquisition times with β=500 (overall; noise; artifacts; image quality of the cortex, basal ganglia and thalamus) or β=200 (spatial resolution). No statistically significant difference in the highest graded reconstruction was obs

  30. StemRegenin 1
    Entrepreneurship is a sustainable development tool that supports the alleviation of poverty and unemployment. Focusing on the promotion of entrepreneurial intention (EI) under the background of entrepreneurship education (EE), this study used a structural equation model to examine the role of entrepreneurship policy (EPo), entrepreneurial practice (EPr), and entrepreneurial spirit (ES) on the EI of 384 college s

  32. Kontrollera domänstatus
    I dagens digitala värld är det avgörande att skydda ditt nätverk mot olika former av hot. En ofta förbisedd men oerhört viktig komponent i detta skydd är Domain Name System (DNS). DNS är en grundläggande del av internetinfrastrukturen och ansvarar för att översätta domännamn till IP-adresser. Utan en säker och pålitlig DNS kan hela din nätverk

  34. Telefon reparation herning
    købe en ny telefon, når FixByDrive kan reparere din gamle? Vi tilbyder telefon reparation i Herning til en pris, der er til at betale. Vores teknikere sikrer, at din telefon bliver så god som ny, uden at du behøver at tømme pengepungen.

    Læs mere om vores priser på FixByDrive.dk

  35. online tests for adhd
    ADHD Online Tests – Can They Replace an In-Person Evaluation?

    Online ADHD tests are a great way to evaluate symptoms. They are not a substitute for an extensive evaluation by a mental health professional.

    Traditional testing involves filling out one or more questionnaires and typically includes o

  36. Kontrollera DNS poster
    I den digitala eran där internet är en oskiljaktig del av vår vardag, blir säkerheten av våra nätverksresurser allt viktigare. DNS, eller domännamnssystemet, är en grundpelare i hur vi navigerar på webben, men många förstår inte de risker som är förknippade med det. Från DDoS-attacker till snedvridna svar från skadliga aktörer, kan bristande DNS-säkerhet leda t

  37. CID44216842
    Health system data incompletely capture the social risk factors for drug overdose. This study aimed to improve the accuracy of a machine-learning algorithm to predict opioid overdose risk by integrating human services and criminal justice data with health claims data to capture the social determinants of overdose risk. This prognostic study included Medicaid beneficiaries (n = 237,259) in Allegheny County, Pennsylva

  38. WNK-IN-11 chemical structure
    Background During spermatogenesis, cytoskeletal elements are essential for spermatogenic cells to change morphologically and translocate in the seminiferous tubule. Actin filaments have been revealed to be concentrated in specific regions of spermatogenic cells and are regulated by a large number of actin-binding proteins. Actin capping protein is one of the essential actin regulatory proteins, and a

  39. WS6 clinical trial
    The biochemical, structural and topological properties of WbbM offer broader insight into the mechanisms of assembly of bacterial cell-surface glycans.Combination antiretroviral therapy has transformed HIV-1 infection, once a fatal illness, into a manageable chronic condition. Drug resistance, severe side effects and treatment noncompliance bring challenges to combination antiretroviral therapy implementation in clin

  40. ratu311
    di indonesia itu terdapat banyak bandar slots online yang dapat diputuskan. sampai ada banyak bandar penyuplai permainan slots online yang dirasakan benar-benar ringan untuk ditaklukkan. bandar – bandar tertera di atas kertas dapat ditaklukkan dengan benar-benar gampang serta cepat. di bawah ini sejumlah ciri-ciri dari biro judi slots online yang gampang ditundukkan oleh beberapa betaruh.

    pelayanan 24 jam

    ciri-ciri

  41. UBCS039 order
    Background Congenital hypogonadotropic hypogonadism (CHH) is a rare genetic disease caused by Gonadotropin-Releasing Hormone (GnRH) deficiency. So far a limited number of variants in several genes have been associated with the pathogenesis of the disease. In this original research and review manuscript the retrospective analysis of known variants in ANOS1 (KAL1), RNF216, WDR11, FGFR1, CHD7, and POLR3A genes is describ

  43. MRT68921
    26 mg/L l-carnosine via fed-batch fermentation. Finally, we confirmed the antioxidant and antiglycation effects of biologically synthesized l-carnosine, and the biologically synthesized l-carnosine showed inhibitory activity similar to that of commercial l-carnosine. Consequently, this study suggested a new biosynthetic process for l-carnosine and showed potential as a treatment for metabolic disorders through the assessm

  44. yapan
    Blackjack will be perfect an individual if, you like to have partaking, luck and quote. To play about its scams. Most of the casino game master said refrain from it if you do don’t have experience of the bingo. If you for you to have pure strategy games please away the pokers. In this activity you don’t depend on chances. Irrespective of how a electronic poker what is very popular on online casino games.

    <b

  45. https://www.selleckchem.com/products/eed226.html
    Mitochondrial function declines during brain aging and is suspected to play a key role in age-induced cognitive decline and neurodegeneration. Supplementing levels of spermidine, a body-endogenous metabolite, has been shown to promote mitochondrial respiration and delay aspects of brain aging. Spermidine serves as the amino-butyl group donor for the synthesis of hypusine (Nε-[4-amino-

  46. 終極殭屍王 小說

    小說 – 囚心（gl) – 囚心（gl)

    漫畫 – 樹鶯呤 – 树莺呤

    塞蒙急了, 抱着黎焉說：“焉，你決不會是實在想離開我吧，老大, 決弗成以”, 亢焉哼了一聲說：“你說不成以就不興以啊, 你攔得住我嗎？”“焉。。。。。。”, 塞蒙絨絨的的苦求說：“我真清爽錯了, 你在給我一次時死好？”

    淳焉撅着嘴說：“糟”，塞蒙帶頭人埋在她的頸間，貪心的“嗯。。。嗯。。。。。”一聲, 淳焉只覺的脖子裡癢的無礙，要撥開她的臉說：“發嗲也遜色用, 我硬是不走開”, 塞蒙困窘的說：“那你的骨肉還在拉爾, 你不想念他倆嗎？”

    鄧焉聞言，捧起她的臉, 凝眸着她說：“妮莉亞絲。塞蒙，你不會是又

  47. https://kinogo.chat
    В современном мире кино становится все более доступным. Смотреть фильмы и сериалы онлайн стало обычным делом для миллионов людей. С помощью интернета мы можем наслаждаться качественным контентом в любое время и в любом месте, не выходя из дому. Однако с таким большим разнообразием платформ и сервисов иногда бывает трудно найти надежное место для просмотра любимых фильмов.

    Одним из наиболее популяр

  48. Selleckchem Vemurafenib
    In-ICU and in-hospital COVID-infection-related mortality was 23.1% and 30.7%, respectively. None of the healthcare operators was found SARS-CoV2 positive during the period of the study.

    In COVID-19 pandemic surgical tracheotomy enables to wean from sedation and subsequently from IMV in a safe way for both patients and personnel.

    In COVID-19 pandemic

  49. detailed info here
    You always be able find out how make investments the company’s money in the right ways. Not only this, simple to possess the ability to to help customers incapable to sell . with smart investment software programs. So you need in order to become geared develop all current market trends of an economy. Accounting work can be tedious can be challenging is rewarding at the final of th

Leave a Reply

Your email address will not be published. Required fields are marked *