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.
TL12-186 purchase
Median opioid use per day was 240mg (145 to 565mg) before PCC and 55mg (0 to 120mg) after PCC. The upper and lower borders of dermatomes hypoesthetic for pin pricks were stable over time. The most common side effects were short-term (<1week) neck pain (28%), dysesthesia (40%), and mild loss of muscle strength (11%). Approximately 83% of the patients were satisfied or very satisfied with the results of PCC 1wee
DL-Buthionine-(S
Histopathological examination showed the presence of cardiac fibrosis after LPS treatment. Protein expression of nuclear p53 and cleaved caspase-7/caspase-9 was significantly increased in LPS treated heart. Similar to in vivo study, nuclear translocation of p53, mitochondrial dysfunction and cellular apoptosis were observed in H9c2 cells treated with LPS. Our data also indicate that decreased expr
read more
Fermi level pinning from the oxide is reduced in the case of Al2O3which enables us to observe ambipolar transport in a bilayer MoS2FET. These results highlight that MoS2is indeed an ambipolar material, and the absence of ambipolar transport in MoS2FETs is strongly correlated to its dielectric environment and processing conditions.We assessed the effects of ultra dry-air plasma surface treatments on the p
car key fob replacement cost
Where to Get Replacement Key Fob For Car
The introduction paragraph is the first thing that catches the attention of the reader. This can be done in a variety of ways, including asking a simple question, giving an example of a story, or using images.
It is common for car ke
Domänanalys online
I dagens digitala värld är säkerheten i vår infrastruktur viktigare än någonsin. DNS, eller Domännamnssystemet, är en avgörande del av vårt nätverk som ofta förbises när det kommer till säkerhet. Det fungerar som en telefonbok för internet, där det översätter domännamn till IP-adresser så att vi kan nå webbplatser utan att behöva memorera siffror. Trots sin viktiga roll ä
case battles
CS:GO Case Battle
Case battle is a unique mode that allows users to play with cases. Case battle is a fun way to enhance the experience of opening a case. You will also receive more rewards than you do to the normal case opening.
The game is simple: The playe
selleck chemicals llc
0001), greater increase in pVO
(+1·4 mL/kg per min, 0·6 to 2·1; p=0·0006), and improved symptom scores (KCCQ-CSS +9·1, 5·5 to 12·7; HCMSQ-SoB -1·8, -2·4 to -1·2; p<0·0001). 34% more patients in the mavacamten group improved by at least one NYHA class (80 of 123 patients in the mavacamten group vs 40 of 128 patients in the placebo group; 95% CI 22·2 to 45·4; p<0·0001). Saf
cs2 case battles
CSGO Case Battle
CSGO Case Battle offers a fun alternative to the in-game case system. Players can compete against each against each other to open cases simultaneously which creates excitement and anticipation as the value of dropped items fluctuates. To master this game, you need a nuanced understanding of the case’s characteristics and drop rates
giá bình ắc quy 12v 100ah khô
Ắc quy 100AH sử dụng cách sạc tương tự động các loại ắc quy thông thông thường. giữ được tối đa tuổi lâu cho bình, những quý khách rất có thể xem th
에볼루션 바카라
Reels have turn into a well-liked function on social media platforms, notably Instagram. They allow users to create brief, partaking videos that can be shared with followers and the wider viewers.
One key advantage of Reels is their ability to boost engagement. The short and dynamic format captures attention shortly, making them an
cs2 case battles
Case Battles in Counter-Strike: Global Offensive (CS:GO)
The case battle is a great way to add variety to the standard case opening process in-game. By letting you compete against other users, it can increase your chances of winning.
In the battle mode in the battle mode, you and
The Reasons To Focus On Improving Bunk Bed With Double Bed
double bunk bed with trundle – https://telegra.Ph/,
vegan leather couch
Where to Find a Mid Century Leather Sofa
A good sofa can transform your living room, whether you like modern lines or bold bases. Pineda looked at the cost ranges of each sofa, the upholstery options, the customization capabilities along with shipping costs and the return policy when she made her decision.
<b
click here
This article reflects on the foundational contributions of Rosalie A. Kane to the rise of assisted living in the 1980s and 90s. The author, called the founder of the “Oregon model of assisted living,” offers an insider’s perspective of how Dr. Kane’s insights – and personality-inspired a shift in the options for long term care from a model based on safety and medical treatment to one based on personal choice
selleck kinase inhibitor
Many agricultural regions in arid and semiarid climate zone need to deal with increased soil salinity. Legumes are classified as salt-sensitive crops. A field experiment was performed to examine the application of phosphorus (P) fertilizer source and rate on growth, chlorophylls and carotenoid content, DNA and RNA content and ion accumulation in common bean (Phaseolus vulgaris L.) cultivated under
small molecules
CCK binding to its receptor CCK1R leads to vagal afferent activation supplying post-ingestive comments to your hindbrain. Vagal afferent neurons’ (VAN) sensitivity to CCK is modulated by energy condition while CCK signaling regulates gene expression of other feeding related signals and receptors expressed by VAN. Along wi
Libra and Scorpio compatibility
The café was unusually quiet for a calm morning. I had my writing pad open, a partially drawn sketch of a blooming artwork staring back at me. As a Libra, I’ve always found solace in artistic charm and creativity, and this little café, with its cozy character and intimate spaces, was my go-to spot
4 seat leather sofa
White Leather 4 Seater Sofa
White sofas are modern and traditional They are the perfect backdrop for any room decor. They are suitable for informal and formal spaces and can also be decorated with throw pillows. They also help brighten up the room and naturally make the space appear larger. White couches are easy-to-clean and c
Why Train Accident Lawsuit Isn’t A Topic That People Are Interested In Train Accident Lawsuit Trucking Accident Injury Lawyer
thor 311
perjudian slots online adalah salah satunya judi yang teramat banyak disukai oleh semuanya golongan betaruh di dunia, juga dari kelompok remaja sampai orang dewasa sangatlah senang buat bermain judi slots. bukan tanpa argumen, permainan yang paling gampang untuk dikerjakan dan penampilan yang luar biasa yang sangatlah menganakemaskan mata jadi nilai plus dari judi slots. terkecuali itu pula, dalam perjudian slots ada beberapa macam-macamnya yang dapa
Repair My Windows And Doors
Why It’s Important to Repair Misted Double Glazing Near Me
Misty windows aren’t just unsightly, they can also cause health problems. Mold and bacteria thrive in damp environments, which can result in respiratory infections and autoimmunity issues.
Double glazing is an excellent investment in ter
bedside crib and cot
bedside cot 6 months plus is a co-sleeper bassinet that attaches to the side of your bed for easy middle-of-the-night access. This one, which was shortlisted for 2021’s Mother&Baby awards, is height-adjustable and comes with a convenient travel bag.
Georgina who was an MFM mother test subject at home, found it to be easy and compact to move around. It also comes with a rocking function and an in
에볼루션 게이밍
Reels are a popular function on varied social media platforms, primarily known for their partaking brief video format. They permit users to create, edit, and share videos that sometimes last as long as 60 seconds. This function is particularly favored for its ability to mix creativity with social interaction, enabling customers to express themselves by way of music, effects, and numerous editing tools
Unlock Insights
The Strengths of Libra and Scorpio Together
Despite their unique approaches to life, Libra and Scorpio often find themselves drawn to each other. Here’s the secret behind their dynamic:
Harmonizing Libra’s Lightness and Scorpio’s Intensity
Libra’s easygoing approach complements Scorpio
Great delivery. Sound arguments. Keep up the amazing effort.
My blog: 1вин официальный сайт
repairmywindowsanddoors
Misting Double Glazed Repair
Double glass that is misted could cause your doors and windows to perform less well. It usually occurs due to a breach in the seal, allowing moisture to enter the insulation section of the glass unit.
It is crucial to discover a solution as quickly as you can if the is
I Am Psychiatry
Adult Male ADHD Symptoms
Men often hide their ADHD symptoms. This can make it hard to identify and treat ADHD.
While children show the more obvious signs of hyperactivity, adults display it in subtle ways. sitting through meetings and movies and fumbling around in your seat and biting your nails or a constant need to take on new hobbies c
thor311
Adanya agen judi online yang siapkan games komplet tentu soal ini bisa menjadi suatu keuntungan khusus buat beberapa bettor. Hal ini yang membikin banyak bettor untuk kerjakan bet lebih bebas hingga beberapa kesempatan keuntungan banyak yang dapat dicapai dan diperoleh oleh beberapa bettor dengan sangatlah simpel dalam bet itu. Bervariasi keuntungan dan kelebihan yang dapat kita dapatkan serta peroleh betul-betul telah banyak dinyatakan oleh kebanyaka
faux leather sofa
Rustic Leather Sofa
A leather sofa with a rustic look will add a touch of elegance to any living room. It can be accomplished by the use of textured accent leather, a neutral color palette or even using wood.
This luxurious option has cushions that can sink and a kiln dried wood frame t
yapan
I to be able to traveling to Nevada in a great many and cannot help noticing a very strange decline in the sophistication belonging to the average casino player. I will remember some time when the table games, roulette, blackjack and the crap tables earned 80%-90% of a casino’s income and the slot machines earned the other 10%-20%. Today the whole process been recently reversed. The slots are responsibl
online test for adhd
Getting Diagnosed With Adult ADHD
A diagnosis of adult ADHD is a crucial first step towards addressing symptoms that can hinder relationships and work. Your healthcare provider may employ an assessment tool for behavior to assess your symptoms. They will also ask about your family history and physical examination. They might want to rule out medical conditions like seizure disorder or
Why No One Cares About ADHD Signs In Adults adhd In adults women Symptoms (3.13.251.167)
More Help
Starting a working that truly seeks to provide the needs of others is fruits and vegetables as American as it gets. Way to obtain backlinks blame major corporations those problems in this particular country, nevertheless i tell you, it isn’t corporations or businesses that are hurting this country. It is, instead, lacking moral and ethical behavior amongst current business owner
this post
Freestanding Wood Burner Tips
Freestanding wood heaters are a great way to enjoy a real fire while reducing electricity costs. However, they can be a source of pollutants It is therefore essential to follow good wood burning tips.
Choose from traditional wood stoves or p
bedside cots for newborns
A Bedside Crib That Turns Into a Cot
A bedside crib that turns into cot is the perfect option for new parents who want their child to be close enough to allow for easy access. It is important to keep in mind that you must always follow the safe co-sleeping advice from The Lu
loozap egypt apk,
Welcome to Loozap Egypt, the ultimate online marketplace designed to meet all your buying, selling, and renting needs. Whether you are looking for a job, a new home, a car, or various services, Loozap Egypt offers a user-friendly platform that caters to the diverse demands of the Egyptian market. In a fast-paced world, Loozap serves as your reliable companion, streamlining the process of finding what
yapan
Check out the actual gambling sites, don’t just take one on faith because you like the way their bonus sounds. Look into what their payout protocols are – and their regulations and rules. Consists of those will not just lure you into becoming member, but actually reward you for repeated visits to their site.
Carnival casino online – A colorful and fun casino, Carniv
14 Questions You Might Be Refused To Ask Cheap Couches Couches Set
Gas safety certificates buckingham
Gas Safety Certificates in Buckingham
If you own a property, then it’s your duty to have the gas appliances, flues and pipework examined by a certified Gas Safe Engineer annually. This is UK law.
gas safety buckingham will supply you with a landlord gas safety certificate
csgo case battles
CS:GO Case Battle
CSGO Case Battle is an exciting game mode which lets players compete each other. The winner gets all the items that their opponent unboxed. This lets players earn more than they would have with a regular opening of the case.
is an innovative method to expand the Csgo case opening system. It allows
My Page
What Does a Gas Safety Engineer Do?
A gas safety certificate, or CP12, is an official document that shows your gas home appliances, fittings and flues are safe. It is a legal requirement for landlords to get one for all of their homes.
Only a Gas Safe Registered (former CORGI) engineer should perform gas
cheap bedside cot
Travel Cot Bedside
A travel cot bedside is designed to provide a safe and comfortable sleeping space for your baby when away from home. They can be used in hotels, at friend homes, or even while camping.
This cot comes with a bassinet built-in for infants and has a drop side that can be ope
modern wood burner
Maintaining an Indoor Wood Burning Stove
Wood stoves are a warm and cost-effective method of heating your home. However, these stoves can also release harmful gases and pollutants into indoor air if poorly installed, laden with too much fuel or venting to chimneys or flues in poor condition.
<
symptoms of ADHD in adult women
Adult ADHD Symptoms Test
You can find ADHD rating scales online, however an official ADHD assessment is only done by a qualified health professional. They will ask you questions about your life and will use tools like a checklist or questionnaire.
To get a diagnosis of adult ADHD
yapan
Check out the actual gambling sites, don’t just take one on faith because you like the way their bonus sounds. Look into what their payout protocols are – and their regulations and rules. Consists of those will not just lure you into becoming member, but actually reward you for repeated visits to their site.
Carnival casino online – A colorful and fun casino, Carniv
central heating engineers buckingham
Services Offered By An Emergency Gas Engineer In Buckingham
If you have a gas emergency situation it is extremely crucial that you call national grid first on 0800 111 999. They will ask you some questions about your gas emergency and will need the address of the residential or commercial property.
Functions brought out were done with a high req
Suggested Browsing
Car Fob Key Replacement
The key fob, which is a tiny electronic device, allows you to unlock the vehicle and allows you to start it remotely. They also have memory that can restore things such as the seat position of the driver after someone taller or shorter has been driving.
There are three main types of car key fobs, and what you choose will impact how muc
Why Is Sectional Sale So Famous? deep couches for sale (Paulina)
boarding up windows tottenham RepairMyWindowsAndDoors
Boarding Up Service Providers
After a natural catastrophe such as a fire or break-in, property owners must take steps to secure their building. The process of boarding up is an essential element of this process because it prevents further damage and keeps buildings safe until the restoration is completed.
<b
best fridge
Best Refrigerators Brands
Whether you’re changing an old fridge, buying a 2nd fridge for the garage or getting a tiny refrigerator for the workplace, selecting the ideal brand name is essential. Look for brand names with long lasting fridges, that are simple to clean which offer the features you require.
Samsung excels at family fridges, with wise screens that can t