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.
LJH685 chemical structure
It is known that weight-bearing exercises under Ilizarov circular fixators (ICF) could enhance bone fracture healing by mechano-regulation. However, interfragmentary movements at the fracture site induced by weight-bearing may inhibit angiogenesis and ultimately delay the healing process. To tackle this challenge, a computational model is presented in this study which considers the spatial and temporal chan
csgo case battles
CSGO Case Battle
CSGO Case Battle is an exciting game mode that lets players compete against each other by purchasing boxes and then opening them. It allows up to four players to participate in the game, and the winner takes all the opened items.
This unique gaming feature is available in websites that off
Eprosartan
To prevent the growth of unwanted organisms on ship hulls, antifouling paints, containing biocides such as tolylfluanid (N-[dichlor(fluor)methyl]sulfanyl-N-(dimethylsulfamoyl)-4-methylaniline) and dichlofluanid (N-(dichlorfluormethylthio)-N’,N’-dimethyl-N-phenylsulfamid), are applied. There are concerns over their occurrence and fate in the marine environment due to long-term immersion in water. In the presen
Tony Mac Driving Courses
Driving are a great method of learning to drive. They teach you how to manage the car and can help you pass your test fast. They also offer an enjoyable experience!
Many new drivers are anxious about driving. However, there are several ways to reduce your anxiety. You can reduce your anxiety by takin
elacridar inhibitor
We endorse a lower life expectancy p value threshold as an actionable, provisional measure for improving statistical inference in GE RCTs until more long-term solutions become available.The introduction of transcatheter aortic valve replacement (TAVR) has segued the development of transcatheter mitral valve (MV) fix products. Transcatheter mitral valve restoration is actual
best bunk bed ideas
The Best Bunk Beds For Heavy Adults
Bunk beds can be an ideal solution for reducing space in children’s rooms, but they are also a great option for adults and teens. This Max & Lily option checks off a number of boxes. It features an angled staircase that’s easier to climb than most direct vertical designs,
Selleckchem TGF beta inhibitor
Microbially derived surfactants, so-called biosurfactants, have attracted significant attention as an environmentally friendly alternative to their chemically synthesized counterparts. Particularly, rhamnolipids offer a large potential with their outstanding surfactant properties such as complete biodegradability, low toxicity, and stability. Rhamnolipids are naturally synthesized by the opportunistic human p
PARP inhibitor
Strategies to promote vaccination during pregnancy are needed, including educational interventions and communication campaigns.
Breastfeeding success is determined by early skin to skin contact, early initiation of breastfeeding, rooming-in, baby-led breastfeeding, creation of a favorable environment, specific training of health professionals, and continuity of care.
This Webpage
Buying a Leather Couch
The design of your sofa can have an impact on its comfort and durability. Furniture makers who use dowels and strong joints instead of staples can create more durable furniture.
A real leather couch should have natural hide markings and a rough appearance. These are signs that the leather is genuine.
Durabilit
cheap leather sofa
A Distressed Leather Sofa Is Both Sophisticated and Rustic
Adding a distressed leather sofa to your home provides a creative take on an old-fashioned material. The leather lovers will find this style to be sophisticated and rustic.
It is crucial to understand that leather aging is not a sig
selleck kinase inhibitor
62). There were positive correlation between serum PODXL levels and the number of gravida and the number of miscarriages (r = 0.217, p = 0.042, and r = 0.291, p = 0.006; respectively).
Recurrent miscarriage patients had higher serum levels of PODXL than both normal pregnancies and first-time miscarriages. Our results suggest that maternal endothelial dysfun
learn more
In this work, we develop an index signature characterising the third order topological phases in 3D systems. This index is an alternating sum of monomial signatures of Higgs triplet values at 3D corners. We extend our method to N-dimensional systems with open boundaries, and demonstrate that the topological invariant can be efficiently generalised to any space dimension including the second order topological insulators.
cs2 case battles
CS:GO Case Battles
The csgo feature of battles is a new and exciting method of playing the game. It lets players compete against each other in a chance game with the winner taking all the items left unboxed. The winnings are then transferred to the player’s Steam inventory or traded.
To parti
c2 zertifikat kaufen
Why Buy an A1 Certificate?
A1 certificates are a huge deal for business travelers, yet many are unaware of their importance. Uncertainty can cause grave consequences.
Companies operating in EU Member States frequently assign their employees to work temporarily on the territory of other EU st
best bunk bed for teens
The Best Bunk Beds For Teenagers
Bunk beds are a great space-saving solution. Bunk beds are often cheaper than separate bed frames and can allow children to make the most of their bedrooms.
Choose a bunk bed that’s stylish and sturdy, as well as offering fun features for children such as slides. You should also consider a design that
bedside baby sleeper
Buying a Bedside Crib For Travel
The dimensions of this crib are perfect for mums. It’s larger than a Moses Basket but smaller than a Cot Bed. It folds down to a third of its original size and fits into a compact travel bag, making it perfect for travel.
Remember that the crib is designed for sleeping. Toys or blanket
car key and fob replacement
How to Get a Replacement Car Key Fob
It was once the case that when you lost your car keys, you could head to the local hardware store to have an easy metal key cut while you stood in line. You’ll need to visit a dealership or locksmith to obtain the key fob that will unlock your doors and start your engine.
best bunk bed reviews
How to Choose the Best Bunk Bed With Slide
A bunk bed with a slide can transform a sleeping area into a jolly play space. The sturdy structure and safety guardrails guarantee a comfortable sleep while the storage steps support twin mattresses without requiring a box spring.
Choose from three
gant61 inhibitor
Participants reported an unsparing usage of antibiotics ended up being warranted in pregnancy, and behaviours like consuming adequate water were ineffective at avoiding UTIs. To sum up, ladies had reduced self-efficacy regards tackling AMR and handling their health. CONCLUSION Misconceptions how AMR affects culture vs the average person
car fob replacement key
When to Get a Key Fob Replacement
Most new cars are equipped with key fobs which unlock and start the car. If you’re looking to replace yours, be prepared for a costly replacement.
You can employ an expert locksmith to reprogram the fob to replace it for a lower price. You
cs2 case battles
CSGO Case Battle
CSGO Case Battle is a fun and exciting way to earn cool skins. It’s a thrilling and safe way to make money. You must be careful when playing.
This online mode permits users to open cases in a group and compete against one another. The value of their unboxed items determines the winner.
It is a ty
The 10 Most Scariest Things About Titration ADHD Meds Titration Adhd Meds (Oteldirectory.Com)
csgo case battles
CS:GO Case Battle
CSGO case battle is an exciting and unique method to open cases. It’s a competition between players who purchase cases at the same time and compete with each other to gain more valuable items. It’s not uncommon for the winner to earn hundreds of dollars.
As opposed to other gam
mkgassafety
Gas Fitters in Buckingham
Regional plumbings are accountable for a variety of tasks, from repairing leaking taps to installing brand-new boilers. They need to be fully qualified and registered with Gas Safe to deal with gas.
He sent Miss Glenroyd a copy of his gas training certificate and she concurred to let him repla
read more
Stopping oneself fromapplying for work was significantly associated with experienced discriminationin both finding (p<0.001) and keeping (p<0.001) a job.Concealing mental health problems was associated with a general experience ofbeing shunned (p<0.001).
Awareness of a nationalanti-stigma program may not be sufficient to encourage people to seek work/educationor
https://ko666.gives/
On surface of the fact that one could save lots of money, individuals peace of mind realizing that you’re picked up some better stable, dependable companies (by definition, DRIPs require that the company ante up dividends – and while some will argue (sometimes correctly) that this won’t imply that the company was in a better financial situation, historically speaking dividend-paying firms that are proven to increase thei
blue african grey parrot
African Grey Parrots
African grey parrots have for a long time charmed avian fans by their extraordinary intelligence and playful personalities. They can mimic speech and solve puzzles. They also develop strong emotional bonds with owners.
In this video in this video, a Con
Epigenetics inhibitor
Objective Ultrasound features of granulosa cell tumors of the ovary are still poorly defined. The aim of this study is to widen current knowledge on the role of sonographic gray scale and pattern recognition in the characterization of these tumors and to compare the ultrasound characteristics of primary diagnosis and recurrences. Methods Transvaginal ultrasound images of primary diagnosis or recurre
torquay emergency boarding up
What is a 24 Hour Boarding Up Service?
A boarding up service is a good way to protect your property from further damage following an accident, natural disaster or fire, or break-in. It prevents further damage and keeps trespassers, extreme weather, and debris at bay until permanent repairs can be repaired.
<b
black 4 seater leather sofa
Semi PU Leather 4 Seater Sofa Review
Semi Synthetic Leather sofas made of PU are a great option for any living space. Keep it looking new with a weekly dusting using an electrostatic feather brush, and regular application of Leather Honey leather conditioning.
A sofa made of durable fabric can be easier to maintain than leather. However, the appearance w
corner wood burner
Modern Wood Burning Stoves
If you’re looking to purchase a new wood stove or replacing an old one, it’s important to consider aesthetics efficiency, efficiency, heating capacity and combustion technology. It is also important to look for stoves that have been certified by the EPA and meet the government’s emission standards.
<br
Criminal lawyer prince george’s county Maryland
of Second Degree Assault in Maryland
Buy Ireland Drivers License
Why You Should Learn Driving Lessons
Transportation is an important aspect of the lives of many people. Driving lessons provide a secure and efficient method of getting you from point A to point B.
Your instructor will begin by familiarizing you the
15 Shocking Facts About Skoda Replacement Key Cost Uk You’ve Never Seen skoda key fob not working
learn more
This combined with upregulation of IFNγ1 and IFNγ2, IL-4/13B2, p35A1 and p40 (B1 and C) indicated that the induction of Th1 and possibly Th2 immunity was occurring in fish vaccinated with this adjuvant. Perhaps the most intriguing finding was the lack of a detectable Th1 response in fish given Montanide™ ISA 761 VG + bacterin, suggesting some other arm of the immune system is activated to give protection. Whatever the re
하이오피
The elements used in massage oils can vary extensively, and it’s essential to choose on one that is suitable for sensitive skin. Avoid products that contain artificial fragrances, colors, or preservatives, as these could cause irritation. Instead, look for oils that are made with natural components corresponding to essential oils, provider oils, and plant extracts. We found the Maple Holistics Sensual Massage Oil to be an excellent selection for enh
bedside baby sleeper
Bedside Baby Beds
Baby cribs that are placed close to the bed allows parents to keep their child close at night, without risking the safety of their child. They are designed for newborns and are suitable for use up to 6 to 4-6 months.
baby bedside cot is a swivel-over-the parent’s bed with the ability to be pushed dow
the full report
For Sale
African Greys require a lot of human contact, and they have to be out of their cage for extended periods of time. They establish strong bonds with a single member of their family and consider them as a part of their family.
They are
Guide To Sleeper Sofa Queen: The Intermediate Guide In Sleeper Sofa Queen sleeper Sofa queen
Perifosine supplier
Type 2 diabetes mellitus (T2DM) commonly affects the bone mineral phase and advanced glycation end-products (AGEs) which eventually led to changes in bone material properties on the nano and macro-scale. Several anti-diabetic compounds are widely used to control high blood sugar or glucose caused by T2DM. Low Dose Naltrexone (LDN), an opiate receptor antagonist, and a known TLR4 antagonist, treatment can impr
What’s The Most Important “Myths” About Car Accident Lawyer For Hire
Could Be A Lie accident car attorney (Posteezy.Com)
i wish you lucky! https://www.mciap.org/
1
selleck screening library
The Arab world has struggled with conflict and political turmoil for several decades, rendering its already underdeveloped mental healthcare system unable to serve the psychiatric needs of victims of violence and trauma, with consequences that extend far beyond the cessation of hostilities. This role has become incumbent on international relief agencies, which have expanded mental health programmes in cou
car key fob replacement
How to Replace a Car Key Fob
If you drive a newer vehicle, chances are that you’ve become familiar with key fobs. These handy devices not only be used to lock and unlock the doors of your car as well as offer a range of convenience and security features.
Sometimes, the key fobs fail t
How To Outsmart Your Boss On Daftar Situs Togel togel sydney
Alofanib in vitro
The stability of Pd+ in the zeolite environment is an interesting contrast with its rareness in molecular Pd compounds. Nonetheless, a detailed analysis of the electronic structure shows that predicted Pd oxidation states are consistent with chemical intuition for all complexes investigated in this study. We also discuss the potential ambiguity in Pd characterization provided by typical experimental techni
Double Glazing Repair
Blown s Near Me
Most double-glazed windows are covered by a guarantee. It can be for 10 or 20 years, however certain companies offer lifetime warranties. Check your warranty, and request the original of any agreements you’ve signed.
If you see condensation or mist on your windows, this is a sign of
Narożniki
W dzisiejszych czasach coraz więcej osób poszukuje rozwiązań, które łączą komfort z funkcjonalnością. Narożniki z funkcją spania to doskonały przykład mebla, który spełnia te wymagania. Dzięki nim możemy w prosty sposób przekształcić salon w komfortową przestrzeń do spania, co jest szczególnie ważne w małych mieszkaniach, gdzie każda przestrzeń ma znaczenie.
Dobrze dobrany narożnik
https://www.selleckchem.com/products/vx-661.html
This review focuses on the use of ELPs in drug delivery systems.
In the present study, we aimed to explore whether common genetic targets or signaling pathways existed in chemical cystitis.
Gene Expression Omnibus (GEO) database was used to search the related gene expression profiles. The differentially expressed genes (DEGs)
b1 zertifikat kaufen ohne prüfung
Buy B1 Certificate to Become a German Speaker
Buy a b1 certification is a crucial step in the process of integrating and could lead to better work, study and travel opportunities. It can also help you meet the requirements for naturalization or settlement permits.
The B1 test is part of t