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.
company directory
If a person borrowing the money, can you guarantee me the sale will particular? Are you pre-approved for loans and depending on how much? Please provide the pre-approval from your bank.
TIP #1: Outsource thought. Not likely the info you were hoping for, is it? corporation details I figure if you alrea
best budget bunk beds
The Best Bunk Bed Brands
Some bunk beds are equipped with stairs that are easy to climb, not ladders. This can be safer for children as well as anyone who has difficulty climbing the ladder. The stairs can also be more expensive and take up more room.
Some products include a
10 Audi A3 Key Replacement Tricks All Experts Recommend Repairing
Best automatic pet feeder
In today’s fast-paced world, pet owners are constantly seeking ways to simplify their daily routines while ensuring their furry companions receive the best care possible. One of the most effective solutions lies in the advancement of technology that has led to the creation of automatic pet feeders. These handy devices not only take the stress out of feeding schedules but also help mai
The 10 Most Scariest Things About Treadmill UK treadmill uk [Juliana]
redirected here
How to Care For a Leather Four Seater Sofa
Unlike a 2 seater sofa, a leather four seater sofa can seat more people in comfort. They come in a variety of styles and have a range of features including storage, cushioning as well as reclining mechanisms. black 4 seater leather sofa can even pull out beds.
1bet1
A quick search over the internet revealed many Palace of chance Casino coupons for plenty of bonus shows. The casinos web site also has got an enormous quantity of promotions on its business. It was almost too much to try to eat. There are new customer, monthly, overnight and VIP room promotions and bonuses so makes sure you be diligent and discover all associated wit
Buy Colombian cocaine
After the fall of Pablo Escobar and the capture of his cartel in the early ’90s, Colombia has been able to recover from the drug war and return to economic growth. But the country is still dealing with the damage that has been done to its environment and its people. Nearly every Colombian knows someone who has been killed or injured in the conflict. And most of the Colombian population is again
c1 zertifikat kaufen
Buy TestDaF Certificate Online
Test Deutsch als Fremdsprache (TestDaf) is an essential, standardised test of German for international students applying to universities in Germany or continuing their studies they’ve begun elsewhere. It is also useful for those who require be able to prove their German proficiency for professional o
symptoms of add and ADHD in adults
Symptoms of ADHD in Adults
If you’re ADHD is untreated you may face difficulties at work or with relationships. If you are diagnosed and treated, you can overcome these issues.
Your doctor will determine if you have symptoms that lead to impairment in two or more areas of yo
Five Killer Quora Answers On Realisticsex Doll Realisticsex Doll
car key and fob replacement
How to Get a Replacement Car Key Fob
It used to be that if you lost your car key or lost your car keys, you could visit your local hardware store and get a simple metal key cut while you were waiting. You’ll need to visit an auto dealer or locksmith to purchase an ignition key to open your doors and then start the engine.
靈魂騷動txt
小說 – 為什麼它永無止境 – 为什么它永无止境
漫畫 – 詠歌藥戀 – 咏歌药恋
飛行器安穩起航，赫斯塔靠着排椅，閉上了眼眸。
琪琪和十一端迎面坐在靠窗的職位，兩儂差一點都把臉貼在了牖上。
“西莫鬆女郎……”尤加利扛了局，“可不見教一下事故嗎？”
西莫鬆朝尤加利的勢看了一眼，遞造一個吐袋。
“請說。”
尤加利略略狼狽地吸納了，柔聲問及：“吾儕要飛多久？”
“三個多鐘頭。”
“這麼久？”尤加利驚奇極致，“偏向說聖洛姆離埃芒里亞就七十公釐……”
my response
Range Dual Fuel Cooker
Dual fuel range cookers come with a gas cooktop and an electric oven. They are more expensive than models that are all-electric or all-gas, but they offer a combination of the highest quality and flexibility.
Cosmo’s models are available in widths of 30, 36 and 48 inches, with one or more ovens. The stovetop is equipped wi
dual fuel range cookers for sale
Buying Second Hand Dual Fuel Range Cookers
A dual fuel range cooktop is a premium appliance with both gas stovetops and an oven. They offer a range of advantages dependent on your preferences for cooking, including responsive temperature control as well as the capability to use advanced techniques such as charcoaling.
These ranges are priced higher
protac signals
Many methods happen tested to lessen adhesion formation, nonetheless, to date, no surgical or medical healing approaches have-been effective in its avoidance. This study demonstrates the security and effectiveness of Chitogel with Deferiprone and/or anti-bacterial Gallium Protoporphyrin in various levels in preventing adhesion development after stomach surgery. 112
The 9 Things Your Parents Teach You About Ramp For Wheelchairs Ramp For wheelchairs
sar405 inhibitor
This lateral diode is fabricated using a mechanical exfoliation technique by stacking the WSe2 nanoflake partially in the h-BN and Si substrates. The company type in the the main WSe2 movie in the h-BN substrate is inverted and a built-in possible distinction is made, including 5.0 to 4.50 eV, which is calculated by Kelvin probe force microscopy.
click the next website
How to Choose the Best Bunk Bed
Whether outfitting a shared kids bedroom, converting it to an existing playroom into the ultimate space for sleepovers, bunk beds are flexible and stylish. However, before you buy for a bunk bed, think about these important factors.
A centered ladder, which lets you mount it o
best fridge brands
How to Select the very best Fridge Brand in the UK
Fridge freezers are some of the most popular white goods in UK homes. They vary in price from less than 200 GBP to a few thousand GBP. Powerpoint Wallesey carries premier home devices, consisting of fridge freezers from leading brands. These include Beko, Hotpoint, Bosch and Samsung. Beko is understood for combining susta
best built in bunk beds
How to Choose the Best Bunk Bed Desk
A bunk bed desk transforms the bedroom of a child into a productive workspace. Choose from multiple designs and styles to create the ideal workspace for your child.
This Pottery Barn Belden Bunk has a large mattress on top, with a solid, full-length guardr
b1 zertifikat kaufen
Buy B2 Certificate Online
Buy B2 certificate is a certification for upper-intermediate used for study and work. It certifies the ability to comprehend complex communication and to interact in a spontaneous manner in unfamiliar and familiar situations. Employers and higher education institutions recognize it.
The telc B2 exam consists of four papers which as
article source
Buying a Chesterfield Leather Couch
A chesterfield sofa that is of high-quality will last many years. Make sure the leather is top-grade and that the frame is made from kiln-dried hardwood.
Cheaper couches could employ strip nails instead of individually tacked nails to reduce costs, which can result in less secure deta
Adriamycin
α-Conotoxin TxIB specifically blocked α6/α3β2β3 acetylcholine receptors (nAChRs), and it could be a potential probe for studying addiction and other diseases related to α6/α3β2β3 nAChRs. However, as a peptide, TxIB may suffer from low stability, short half-life, and poor bioavailability. In this study, cyclization of TxIB was used to improve its stability. Four cyclic mutants of TxIB (cTxIB) were synthesized, and the
https://glazier-brentford.co.uk
Bid Farewell to Broken Windows: The Top Glass Fixing Solutions You Need to Try
At Bid Farewell to Broken Windows, we recognize just how frustrating it can be to manage a damaged or harmed window. Not only does it compromise the protection and security of your home or office, however it can also decrease the visual charm of your property. That’s why we provide a range of leading glass fixing options
Narożniki
Narożniki od zawsze zajmują specjalne miejsce w sercach miłośników wnętrz. To meble, które nie tylko łączą w sobie elegancję i funkcjonalność, ale również stają się centralnym punktem salonów. W dzisiejszych czasach, kiedy przestrzeń staje się coraz cenniejsza, narożniki z funkcją spania zyskują na popularności, oferując wygodę w ciągu dnia i komfortowy sen nocą.
Decydując się n
car key and fob replacement
Car Alarm Key Fob Replacement
If they fail to function, today’s sophisticated keyfobs can cost hundreds of dollars. This includes the cost of replacing the fob as well as changing it’s programming so that it can work with your car.
While aftermar
best fridge brand
The Very Best Fridge Brands in the UK
Whether you’re after an individual fridge, freezer or integrated one there’s a lot to consider. Some brand names have changed the video game when it concerns refrigerator technology and modes, while others simply take aesthetics to the next level. Here’s our list of the very names uk. SMEG is renowned for their quality and
best glaziers near me
Title: Glazing 101: A Comprehensive Overview to Comprehending and Picking the Right Home Window Glass
Introduction:
At Glazing 101, we understand that choosing the right window glass for your home or company is crucial for power performance, comfort, and aesthetic charm. With the wide array of polishing alternatives readily available today, the decision-making procedure can be frustrating.
mid century modern leather couch
Couches Leather – The Ultimate in Comfort and Style
If you’re looking for the comfiest lounge-around-and-watch-a-movie-marathon couch, or just want to receive endless compliments on your living room furniture, couches leather may be your ideal pick.
Before
amazon dual fuel range cookers
Dual Fuel Range Cookers
Eva Bleyer is the reviews analyst for Good Housekeeping’s Kitchen Appliance and Innovation Lab. She has tested a myriad of ranges over the past three years, including dual fuel models.
Dual fuel range cookers combine the instant control of heat from gas burners with precise electrical oven temperatures. This versatility mak
goethe zertifikat kaufen
Buy Testdaf Certificate Online
The TestDaf is an exam in the German language exam that determines your ability to attend a university in Germany. The test comprises four sections: comprehension of reading (reading and listening), written composition (writing) and speaking. The test results are usually received within six weeks.
Dewapokerqq
Dewapokerqq adalah salah satu platform permainan poker online terpercaya yang sangat diminati oleh para fans poker. Dengan penjuru fitur unggulan dan pengalaman bermain yg memuaskan, situs ini telah menjadi manfaat favorit untuk tidak sedikit pemain. Bagi yg ingin bergabung, daftar dewapokerqq bisa dilakukan oleh cepat dan enteng melalui platform resmi. Proses pendaftaran dirancang sederhana agar pengguna baru dapat kunjung menikmati perm
bio ethanol fireplace for media wall
Bioethanol Fireplace Media Wall
A bioethanol fireplace media wall is a great method to add atmosphere and heat to your home. They are simple to install and need no chimney. They are also safe to utilize when utilized correctly.
To utilize, merely put the bi
central heating engineers buckingham
Gas Safety Certificates in Buckingham
There is a great deal of obligation that includes owning a residential or commercial property, and acquiring a gas safety certificate is simply one part of it. This certificate is a legal requirement for landlords to make sure that their occupants are safe and safeguarded.
Landlords need to have
boiler engineer buckingham
Gas Safety Inspections For Landlords
Landlords are legally needed to have all gas appliances and pipework examined by a certified Gas Safe engineer every year. This is done to avoid carbon monoxide poisoning which could kill.
It is also a legal requirement for landlords to show understandable copies of the Gas Safety Certificate (CP12) in
How Much Can Scooter Driving License Experts Earn?
ile kosztuje prawo jazdy na skuter; Ashlee,
dual fuel range cookers for sale
Range Cooker Dual Fuel – A Kitchen Powerhouse
Dual fuel range cookers are an elegant kitchen appliance that mixes gas cooking and electric oven. These cookers are equipped with a variety of safety features, including flame failure devices and automatic shut-off valves as well as gas hobs.
bioethanol fire media wall
Wall Mounted Bioethanol Fires
Wall mounted bioethanol fires make a sensational trendy centre-piece in living areas. They can likewise be set up in outside gardens as they do not need a chimney and are really easy to utilize.
They look terri
continue reading this
Chestnut Fronted Macaw
The Chestnut Fronted Macaw, also known as Ara severa, is a common sight at Rainforest Expeditions. These intelligent parrots need plenty of attention.
They are diurnal birds and are active in the morning in the open, scavenging and socializing. These vibrant parro
Comprar carta de condução da categoria A
(CDL) must be obtained to operate any vehicle capable of transporting 16 or more passengers, or hazardous materials. This includes city buses big box trucks, and dump trucks.
To obtain a Class C License you must meet age and residency requirements. You’ll also have
macaw keycaps
Regarding the Great Green Macaw
Great green macaws despite their beautiful beauty, are endangered. They are among the most endangered species of aviculture and their wild habitat is under threat from the destruction of forests.
MRN is working to protect their natural habitat as well as create corridors
ratu311
Melaksanakan penempatan taruhan di laga sabung ayam memanglah bukan soal yang baru. Ketenaran dalam taruhan di permainan sabung ayam amatlah fantastis. Taruhan dalam agen sabung ayam online teranyar sudah pasti dapat menjadi satu diantara alternatif yang dapat kamu kerjakan. Umumnya di sini mesti dapat meyakinkan buat menunjuk agen taruhan yang sah paling dipercaya.
Utamanya untuk jeli terkait agen taruhan terk
This Webpage
Tony Mac Driving Courses – Your Education Doesn’t End Once You Pass Your Driving Test
The journey of learning doesn’t stop when you’ve passed your driving test. Tony Mac believes that safe driving is a continuous commitment, and the school will support students at all stages of their learning process.
Students receive access to educational material
fludarabine inhibitor
Information had been reviewed utilizing descriptive data and evaluation of covariance. All the clients which enrolled completed the 6-month study. The few whom withdrew expressed experience overrun. The sample was predominately non-Hispanic White female patients with breast cancer with a normal-to-sligh
11 Ways To Destroy Your Two Seater Fabric Sofa 2 Seater Fabric Couch
hiopmassage
Supervision permits for area to discuss your needs and experiences as a therapist which is vital to sustaining a healthy and moral practice. Open Arms Wellness offers the St. Louis & Columbia regions family therapy, couples counseling and individual therapy. Each is equally proud to have accomplished so whereas delivering an exemplary consumer care expertise to each one of their clients alongside the method in which.
<br
black 4 seater leather sofa
A 4 Seater Chesterfield Leather Sofa Is More Than Just Furniture
A four-seater chesterfield couch is more than furniture. It is a symbol of quality, elegance and sophistication.
Our heirloom-quality handcrafted Chesterfields are made to last. With a sturdy hardwood frame constructed using blocks at all corners, double-dowel and mortise and tenon join
cheap leather sofa
A Leather Modular Sofa is a Sleek, Sophisticated Seating Solution
A leather modular sofa is a stylish elegant seating option. They make use of space, create space dividers, and are comfortable to relax on.
Modular couches are also easier to move than traditional sectionals. This makes them a great o
Troglitazone
The study provides initial support for the use of the MHLS among Persian/Farsi speaking adults to assess mental health literacy.
The study provides initial support for the use of the MHLS among Persian/Farsi speaking adults to assess mental health literacy.
The development of antiretroviral drugs and subsequent access to combined antiretroviral therapy contributed to t