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.
Explore more
A lot of dedicated, intelligent people are still looking for steady work. One of the best ways you can enhance your financial independence is to create your own online business. This article will give you many great tips for article marketing. A thriving web business can be yours given enough determination and the right advice.
When you launch your article marketing campaign
Gas safety certificates buckingham
Solutions Offered By An Emergency Gas Engineer In Buckingham
If you have a gas emergency situation it is extremely important that you call nationwide grid first on 0800 111 999. They will ask you some concerns about your gas emergency and will need the address of the reside
visit link
CS2 (CS:GO) Case Battles
Opening cases using the game’s in-game feature can be monotonous however, a case-fight is an exciting way to kick things to a whole new level. Hellcase’s CS2 (CSGO) case battles are competitive, and can increase your rewards compared to standard cases in game.
CSGO battles in case are availab
https://glazier-balham.co.uk
Transforming Areas: Checking Out the Effect of Glazing in Business Structures
Intro
As a leading firm specializing in transforming business areas via glazing remedies, we comprehend the considerable impact that glazing can carry the overall aesthetic, functionality, and energy effectiveness of a structure. In this article, we will certainly check out t
jasa seo murah
Di era digital saat ini, grup WA viral menjadi salah satu fenomena yang banyak dibicarakan. WhatsApp, sebagai aplikasi perpesanan terbesar di dunia, memungkinkan pengguna untuk membuat grup dengan jumlah anggota yang cukup banyak. Beberapa grup WhatsApp bahkan menjadi viral karena kontennya yang menghibur, kontroversial, atau edukatif. semacam ini sering kali menarik perhatian banyak orang dan menyebar dengan cepat melalui berbagai jejaring
10 No-Fuss Methods To Figuring Out Your Link Collection Site 링크모음사이트
cheltenham boarding up
24 Hour Board Up Service Near Me
Board up services are a crucial service that safeguards damaged structures, homes and establishments from the elements, theft and sabotage until they can be fully restored. Board-up services include covering doors and windows with flat boards, like plywood.
When a na
car immobiliser ghost
Protect Your Vehicle With a Ghost Vehicle Immobiliser
A ghost immobiliser functions as a guardian in silence against car thieves, securing your car’s security without requiring an additional key. These systems cannot be detected by radio scanners, and are weatherproof.
Both Autowatch Phantom and CAN Phanto
Why Address Collection Site Isn’t A Topic That People Are
Interested In Address Collection Site 주소모음
hipnoterapi surabaya barat
Hipnoterapi adalah metode terapi yang semakin diminati untuk membantu membasmi berbagai permasalahan psychological, emosional, hingga fisik. Di kota Surabaya, tersedia berbagai layanan hipnoterapi yang menyediakan solusi profesional kemudian terjangkau bagi penduduk. Dalam artikel ini, kami akan mengulas rekomendasi hipnoterapi Surabaya terbaik serta berbagai informasi penting misalnya biaya, lokasi, lalu j
Related Home Page
Buying Leather Sofas For Sale
A leather sofa is an investment, but also an attractive and durable focal point in your home. Choose a material of high quality, such as top-grain or full-grain leather. Also, choose aniline dyes, which age gracefully and develop a patina with time.
This snag-proof sofa has an ec
https://kinogo.one/51139-chernaya-lyubov.html
В современном мире кино стало доступным на новом уровне. С ростом популярности онлайн-платформ любители фильмов и сериалов могут наслаждаться любимыми произведениями искусства, не выходя из дома. Среди множества предложений выделяется платформа Киного, которая предлагает широкий выбор контента для просмотра. Независимо от жанра, каждый сможет найти что-то по своему вкусу, начиная от захв
why not check here
Why a Leather Sofa Is a Wise Investment
When choosing your next couch, you should carefully consider the many aspects that make leather a good option. You can then confidently select the ideal sofa for your home.
Leather doesn’t absorb smells, which is great fo
wood burning fireplace
Buying a Second Hand Wood Burner
If you are considering buying an old wood burner, you must take into account various factors. These considerations include durability, cost and appearance.
Calvin May explains that although it is possible to install secondhand stoves that do
olx angola carros
OLX Angola emergiu como uma das plataformas mais populares para compra e venda de produtos em todo o país, especialmente em Luanda. Se você está em busca de carros usados, casas para arrendar ou até mesmo uma variedade de itens diversos, encontrou o lugar certo. olx luanda angola Através de anúncios diretos e acessíveis, é possível descobrir as melhores ofertas que atendem às suas necessidades e orçamento.</p
gas certificates buckingham
Why Landlords Need to Get Gas Safety Checks
A gas safety check includes a licensed engineer examining the condition of all your home’s gas devices, containment vessels and flues. This guarantees that damaging gases like carbon monoxide are transferred cleanly to the outdoors and do not dev
visit this post
Businesses are constantly looking for ways to gain a larger, more diverse audience that will allow them to bring in more customers. One useful technique is article marketing. The following article will offer tips and techniques on how to effectively incorporate article marketing into your business.
If you want to build a f
Narożniki
W dzisiejszych czasach coraz więcej osób poszukuje rozwiązań, które harmonijnie łączą styl i funkcjonalność w ich wnętrzach. Narożniki to meble, które doskonale wpisują się w te oczekiwania, oferując nie tylko wygodę, ale również możliwość stworzenia przytulnej strefy relaksu w każdym pomieszczeniu. Dzięki swojej formie i różnorodności dostępnych modeli, narożniki odgrywają kluczową rolę w projektowaniu nowoc
wood burning fireplace
What to Look For in a Wood Burner Clearance Sale
Efficiency
If you are searching for a sale or clearance on wood burners, consider the efficiency of the appliance. The overall efficiency of a wood burner determines the amount of heat that is transferred to your home instead of going up
Why No One Cares About Audi Key Replacement audi key replacement near me; Milton,
https://gameofratu.com/
Saat sebelum melaksanakan penempatan taruhan tentu beberapa bettor mesti kerjakan transaksi bisnis deposit lebih dahulu. Soal ini dijalankan selaku salah satunya usaha buat isikan saldo ke account main judi online. Dalam lakukan deposit atau bayarkan dana itu pastilah ada sekian banyak struktur negosiasi yang dapat dipakai. Contohnya dengan metode transfer lewat rekening bank dan yang lain.
Transaksi bisnis dengan
The Secret Secrets Of 3 Wheel Mobility Trike three wheel wheelchair
Tony Mac Driving Courses
Learn to Drive With Driving Lessons Louth
Learn to drive from an instructor who is enthusiastic about the subject. Select an area ADI and receive individualized instruction that suits your learning style.
New drivers can find it difficult to get behind the wheel. There are ways to reduce a
seo公司
在當今數字化時代，搜尋引擎正在變成鑰匙方向個人查找信息，產品和服務。一點和中型企業，你可能有實現只是如何注意在搜索引擎結果定位當你看著激烈的競爭市場。這是任務你的公司 – 螺旋您的業務意識到搜索引擎營銷（SEO），提升排名搜索結果，吸引更多潛在的前景同時增加業務收入。
我們的專業團隊有自己的多年SEO經驗，在-Depth中知識運營原則互聯網搜索引擎算法，並不斷跟踪和調整策略確保這一點您的在線業務顯然是領導我們是不僅限制為關鍵字分析和優化，但是也提供全面的網站優化服務，包括網站結構優化，內容優化，鏈接構建，技術優化等。確保這一點您的網站得到搜索引擎本質中的最佳可見性和排名
好處我們的公司不僅
buckingham heating engineers
Why Landlords Can’t Get Their Renters to Let Them In For A Gas Safety Assessment
Numerous landlords have trouble getting their renters to let them in to perform gas safety checks. This is often because the renters are hesitant to trust the Gas Safe registered engineer.
<b
Read full article
These days many people are discovering the many ways they can use online advertising to their advantage. There are lots of ways to get people to view your ads through the Internet, and the best way to do this is by being an article marketer. This article contains suggestions to assist you.
If you hav
Trike-Führerschein kaufen
How to Get a German Driving License For Sale
If you are planning to move to Germany and have a valid license issued by a country that is not part of the EU It is valid only for six months. After , you will have to convert it into an German license or risk severe penalties.
Many people in Germany hav
Driving Lessons Scunthorpe
Driving lessons will begin with quiet roads to help you build confidence in a safe and secure environment. As you improve your skills, you will encounter more challenging driving situations.
You can be your own boss and earn a decent salary as a fully qualified Driving Instructor with Pass N Go
auto ghost immobiliser
How a Ghost Immobiliser Can Boost Your Car’s Security
Due to the increase in key cloning, relay thefts and other security threats car owners are looking for the most advanced security measures. However determined thieves are constantly looking for ways to get around them.
The ghost immobiliser can be an excellent method to increase the security of your vehicl
buckingham heating engineers
Buckingham Gas Engineers
Whether you need an emergency situation boiler repair or merely need to have your central heating system serviced, buckingham gas engineers can offer the service. They are fully certified and experienced and can be at your residential or commercial property quickly.
A boiler service consists of an examin
wall mounted bioethanol fires
Bioethanol Fires Wall Mounted
A bio ethanol fireplace is a trendy alternative to an electrical or gas fire. It is sustained by liquid bio ethanol and does not produce smoke, odor or ash. It’s easy to install and can be up and running within an hour.
<b
https://kinogo.vip/
Смотреть фильмы онлайн стало неотъемлемой частью нашей повседневной жизни. , мы можем наслаждаться любимыми фильмами прямо из уюта нашего дома. В настоящее время существует множество вариантов, где можно смотреть фильмы онлайн, и в этой статье мы рассмотрим пять лучших способов.
Один из самых популярных ресурсов для просмотра фильмов онлайн – Kinogo. Здесь вы найдете огромный каталог фильмов разл
wall mounted bioethanol fire
Wall Hung Bioethanol Fires
Wall hung bioethanol fires use the opportunity to delight in real flames and heat with little or no construction or setup involved. They are likewise simple to run.
Ethanol wall fireplaces can be recessed into walls, however the product in which they ar
corby Double Glazing Window Repairs
Glazing Repair – How to Repair a Cracked Window
Glazing can have a significant effect on the energy efficiency of your house. This is especially true for older double-glazed windows.
It is possible to replace glazing points by putting the window still in place, but it is easier and quicker
https://teayam1.edublogs.org/2024/12/05/%e5%a6%82%e4%bd%95%e7%a2%ba%e5%88%87-%e4%bd%bf%e7%94%a8seo-%e5%a2%9e%e5%bc%b7-google%e6%8e%92%e5%90%8d%ef%bc%9f-%e3%80%90leoai-net%e3%80%91/
在電流中數字時代，SEO（SEO）（搜索引擎營銷）已經變成了一個必不可少的組件在線營銷。通過有效的SEO策略，公司可以提升他們網站排名搜尋引擎例如Google，從而吸引更多潛在的前景。專注於提供裁縫製作方法認識需要與本地市場。SEO服務提供這些公
http://GourmetCruelty.com
Game đánh bài luôn là một trong những lựa chọn giải trí được yêu thích bởi mọi lứa tuổi. Với sự thịnh hành của các nền tảng trực tuyến, trò chơi bài ngày càng trở thành một hình thức giải trí thu hút, mang đến cho người chơi những trải nghiệm thú vị.
Trong game bài, người chơi có thể tham gia vào các tựa game như Tiến lên, mỗi trò chơi đều có quy tắc riêng biệt, nhưng đều mang đến những cảm
go here
Leading 5 Fridge Freezer Makes
Fridge freezers keep food fresher for longer, but how do you understand which one is ideal for you? This article covers the finest fridge freezer makes and helps you discover the ideal one for your home.
Bosch has a reputation for reliability and uses home appliances created w
firewatch companies article
Getting to set your hours and call the shots instead of taking orders is why a lot of people decide that working via the internet is a smart move for them. By using tactics like article marketing, you could identify a market today and drive customers to purchase your product tomorrow. But you’re not going to do this without first reading some great tips.
chelmsford boarding up doors
How to Go About Boarding Up a Doorway
The doorway with the boarded-up design offers protection from rain, wind and other debris. The key is to analyze the situation and choose the right materials and techniques.
To begin, remove obstructions and prepare the area to allow boarders. If necessary
Read now
Businesses always need new forms of marketing to broaden their appeal and find new customers for their offerings. Article marketing is a method that has gained recent notoriety. The article below gives you the advice you need to begin using article marketing.
Creating entertaining content is key when writing articles. Keep the tone in your writing friendly and informal. Create a personable writing style, even if
Try it today
Businesses are constantly looking for ways to gain a larger, more diverse audience that will allow them to bring in more customers. is article marketing. The following article will offer tips and techniques on how to effectively incorporate article marketing into your business.
If you want to build a following, write useful and interesting
http://GourmetCruelty.com
Game bài luôn là một trong những trò chơi phổ biến được yêu thích bởi nhiều người. Với sự phát triển của các nền tảng trực tuyến, game đánh bài ngày càng trở thành một sự lựa chọn thu hút, mang đến cho người chơi những giây phút căng thẳng.
Trong trò chơi bài, người chơi có thể trải nghiệm nhiều game bài như Baccarat, mỗi trò chơi đều có lối chơi riêng biệt, nhưng đều mang đến những sự kịch
https://kinogo.host/
Добро пожаловать в увлекательный мир онлайн кинематографа! Времена, когда мы могли наслаждаться фильмами только в кинотеатрах или на DVD-дисках, остались в прошлом. Сегодня мы можем смотреть свои любимые фильмы прямо у себя дома, не выходя из комфорта нашего дивана. И это все благодаря онлайн платформам, которые предлагают бесчисленное количество фильмов в самом разнообразном жанре. Теперь вы можете погрузиться в захватывающую историю,
http://GourmetCruelty.com
Game đánh bài luôn là một trong những lựa chọn giải trí được yêu thích bởi hầu hết các game thủ. Với mạng lưới của các nền tảng trực tuyến, game đánh bài ngày càng trở thành một trò chơi thu hút, mang đến cho người chơi những kỳ vọng chiến thắng.
Trong game đánh bài, người chơi có thể trải nghiệm nhiều game bài như Xì tố, mỗi trò chơi đều có quy tắc riêng biệt, nhưng đều mang đến những cảm g
please click the up coming website page
Buy Driving License Category B Online
The process of obtaining an driving license in a foreign country could be lengthy and difficult. Before you apply, it is essential to have all the necessary documentation. You can locate an online list of the requirements or by contacting a TLC call center
olx angola diversos
Se você está em busca de oportunidades imperdíveis em Luanda, a OLX Angola é o lugar ideal para você. Este mercado online tem se destacado como uma das principais plataformas para encontrar uma vasta gama de produtos e serviços, desde carros usados até casas para arrendar. Com uma interface amigável e a possibilidade de negociação direta com os vendedores, a OLX Angola se tornou a escolha favorita de muitos angolanos.</
Try it today
Entice new customers to visit your website to gain the new revenue that you are needing. Article marketing is worth your time and effort to check out. This article can help you revive your business through article marketing.
Free stuff is the best way to attract people! These freebies
best refrigerator brand
5 Great Fridge Freezer Brands
If you want a smart fridge, LG is a great option. Its models have actually advanced functions like Door Cooling+, which cools off food without opening the fridge – but that innovation can contribute to your electrical power expenses.
GE is also a good choice for easy, durable home appliances. Its fridges
20 Fun Details About Link Collection 링크모음사이트
http://GourmetCruelty.com
Game bài luôn là một trong những hoạt động giải trí được yêu thích bởi hầu hết các game thủ. Với sự thịnh hành của các nền tảng trực tuyến, game bài ngày càng trở thành một sự lựa chọn thu hút, mang đến cho người chơi những trải nghiệm thú vị.
Trong game đánh bài, người chơi có thể trải nghiệm nhiều game bài như Tiến lên, mỗi trò chơi đều có lối chơi riêng biệt, nhưng đều mang đến những sự k