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.
fridge brands uk
Leading Fridge Freezer Brands
If you’re thinking about replacing your fridge, it’s crucial to consider what type suits your way of life. This will influence your energy usage and cost.
AO’s big devices skilled Sophie Becket-Smith suggests Samsung. Their models have clever functions that help with domesticity.
GE is anoth
media wall bioethanol fireplace
Bio Ethanol Wall Fire
A bio ethanol wall fire is a modern and easy to utilize alternative to traditional wood-burning stoves and gas fireplaces. They need no chimney and very little installation.
They produce genuine flames and heat without the smoke that can cause bla
bioethanol wall mounted fires
Wall Mounted Bio Ethanol Fires
Ethanol wall fireplaces offer an excellent option for those who wish to bring the magic of fire into their living area. They do not require a chimney or venting system, so they are easy to install.
However, care must be taken to make sure that the supporting wall on which the bio fireplace is being set up has sufficient l
replacement car key fobs
How Much Is a Car Key Fob Replacement?
Key fobs can be used for a variety of functions, like opening doors or remotes. Depending on the type, they are more expensive than others.
Consumer Reports estimates that the average cost of a dealership visit to change and program the fob is $200 per vehicle. You can also save mo
autowatch ghost immobiliser cost
Autowatch Ghost Installers
Many customers are looking for ways to improve their vehicle’s security since contactless car theft is on the rise. One option is the Autowatch Ghost immobiliser, which stops key cloning as well as ECU hacking. It’s a discrete system that operates quietly.
Recommended Web page is a revolutionary CAN bus immo
Nhà cái Go99
GO99 là một trong những cái tên nổi bật nhất trong ngành công nghiệp cá cược trực tuyến hiện nay. Với sự phát triển không ngừng và những đổi mới sáng tạo, GO99 đã chiếm được lòng tin của rất nhiều người chơi trên toàn thế giới. Chúng ta hãy cùng nhau khám phá lý do tại sao GO99 lại trở thành một lựa chọn hàng đầu trong lĩnh vực cá cược trực tuyến.
<b
債務舒緩信貸評級
導航債務的動盪水域通常是人生最多的經歷是具有挑戰性的。自己面臨壓倒性的貨幣壓力是否這是突然的醫療費用,意外的工作損失或只是很難維持持續的費用,許多人尋找。但有希望在那裡的人們。具有特定自願安排(IVA)之類的選項,債務談判計劃(DRP)和破產,有正確的路徑回到安全那是經濟的。
揭開IVA債務重組
某人自願安排(IVA)實際上樂器那是有效的幫助人們恢復控制他們的財務狀況。本協議這當然是正式的一個結合收入你的債務變成一個可行
rocking bedside crib
The Best Bedside Cots
A bedside crib is a bassinet type crib that can be attached directly to your bed. This allows your baby to rest comfortably close to you. is a great option for parents who want their infant to be close for fuss-free feeds in the beginning stages.
The HALO BassiNest Essentia was crowned our top bedside cot in our t
buy a grey parrot
African Grey Parrots For Sale
African grey parrots available for auction are intelligent, captivating birds that can develop extensive vocabulary and accurately mimic sounds and even speech. They are a bit more adaptable than other species of bird and can be well suited to a variety household settings.
African greys
https://budaljuso.com/
Long-tail keyword analysis, the art of finding keywords which are longer and more detailed, is a good way to surface keywords that may be higher for blog posts than online adverts. So when you don’t have a pre-filled record of keywords to drag from, simply enter your website or touchdown web page and we’ll analyze the keywords therein for you. WordStream’s Free Keyword Tool is a strong, environment friendly web site keyword evalua
Learn Driving Lessons
The High Demand For Driving Instructor Training
It is a big responsibility, but it can also be extremely rewarding. The process of watching students go from nervous novices to confident drivers is a wonderful feeling.
You can work as an independent instructor or with a driving academy, public school, or a vehicle insurance company. Many i
Promo cashback slot gacor
Free spin adalah salah satu fitur paling favorit bagi para pecinta slot online. Selain memberikan kesempatan bermain gratis, free spin juga bisa menjadi jalan pintas menuju jackpot besar! Buat Anda yang ingin tahu cara mendapatkan dan memanfaatkan free spin slot online, artikel ini akan memberikan panduan lengkap.
Apa It
ADHD symptoms adults
What is Adult ADHD Symptoms?
People with ADHD may suffer from mild, moderate, or severe symptoms. Symptoms can also change with time. They can also affect your work or social life.
Consult a health doctor if you believe you might have ADHD. They might refer you to an expert in mental health for an assessm
linked website
Ghost Installations Reviews
The Ghost Immobiliser is an advanced device that stops thefts of vehicles through keyless entry. It connects to the car’s information network CAN and requires a pin code to start. It can be used with an alarm that is standard or by itself and is easy to transfer from vehicle to
casino good88
There additionally free strategies and basics that websites offer to ensure that you can how can you play these online games. You may not have to worry if are usually a new player and just have no clue on tips on how to become an authority. There are many websites who give out casino games tips and tricks f-r-e-e on the online world.
http://Mix166.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 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 Tài Xỉu, mỗi trò chơi đều có quy tắc riêng biệt, nhưng đều mang đến những sự kịch tính. Những tựa game bà
replacement key fob car
Replacing a Key Fob
Modern cars come with key fobs, which allow drivers to remotely start their car and open the doors. They can also activate the alarm. These remotes resemble advanced car keys, with buttons, and they often include a switchblade key or laser-cut key inside.
can obtain a replacement key for your vehicle by visiting the dealership or an auto
https://westerlyacht.com/
Kapal feri, kapal nelayan, sampai kapal ekspedisi—semuanya punya narasi serta pengalaman antik di laut. Mungkin Anda seringkali melaut atau barangkali baru-baru ini ingin rasakan perjalanan di atas kapal. Di WesterlyAcht.com, kami membawa Anda untuk kenal lebih dalam perihal beberapa kapal yang melalui lautan dan pengalaman yang dapat Anda temukan dari perjalanan laut. macam kapal punyai ciri yang beda serta menjajakan pengalama
https://hokimars.com/
untuk anda yang menyenangi mesin permainan slots online seharusnya anda harus mengerti lebih dahulu broker judi slots terhebat, jangan pernah anda salah cara yang mana dapat menyebabkan fatal pada taruhan anda. lihat dengan benar dan baik jika betul-betul seluruhnya harus di dalami dengan bagus biar selanjutnya anda dapat menunjuk salah satunya opsi website agen slots yang lebih cepat serta mudah.
click here
Choosing a Bedside Cot for Twins
It is best to keep your twins who are just born close to each other However, you must adhere to the safety guidelines for sleeping. Selecting the best crib arrangement will aid your twins in developing a consistent sleep routine.
A double bassinet with a divider can
https://thor311.co/
Main yakni soal yang paling prima oleh tiap-tiap orang Indonesia mengerjakannya. Dengan bermain mereka dapat rasakan yang bernama sebuah kebebasan agar dapat mendapat soal yang paling membahagiakan pada dunia ini. Kemungkinan beberapa orang tidak mengenal macam – model permainan yang telah go-international ini bukanlah. Nach karenanya dengan demikian tersedianya artikel ini dapat mengulas apa hal yang berkenaan perjudian online heboh itu. K
https://redrocksvoyager.com
When it arrives to Airsoft, you will find a great deal you are capable to examine and a lot of items you can do. Doing just a single issue at a time, however, is your greatest selection. Making adjustments to your method in the lengthy phrase may possibly be necessary later on, though, merely because each and every person has requirements that are exclusive to him or her. Begin and then, as you achieve self-self-assuranc
ADHD in adults women symptoms
ADHD in Adults Symptoms uk
As we age, ADHD symptoms can be harder to diagnose. This is because environment and expectations change.
Cognitive behavioural therapy (CBT) is a talk therapy that could help. The NHS website
Buy driving license category b Online
Why You Should Learn Driving Lessons
Transportation is an important part of most people’s lives. Driving lessons offer a safe and efficient method of getting you from A to B.
Your instructor will start by introducing you to the controls of the vehicle, including the steering wheel and pedals (accelerator brake, clutch, accelerator), dashboard
免tu借錢
現代的笨拙笨蛋在倫敦高聳的貨幣區的影子,實際上在哪裡龐德的迴聲在街道上引起了共鳴,我在信用王國的廢墟中忍受了。我的榮譽那是曾經原始的評分破碎了;我的錢包,最大的卡片墓地。但是在灰燼中,鳳凰那是財務誕生,這要歸功於一場戰略貸款引發了一場革命在我的生活。
我的下降到信用深淵實際上是帳戶當代便利的出現了。滑動就在這裡,那裡的水龍頭和之前我真的可以說“利率”,我被隱藏在一大堆債務重組之下。每個陳述提醒我的愚蠢這當然是貨幣章節有用的信息我希望我真的可以改寫。
然後,像一個信標到霧,我遇到了生意那是財務保證未必貸款,但是生命線。他們的想法一直是簡單的:只是一個,合併貸款以消除多個債務的混亂。聽起來也是如此好是真的,但絕望會滋生興趣,和我結束存在渴望真實的避免的手段它。
任務
How To Create An Awesome Instagram Video About Crypto Casino List best crypto
Casino (https://peatix.com/user/24446965)
fridge brands uk
What is the very best Brand For Refrigerators?
There are brands that deal with a series of styles and choices. Whether you’re tech-savvy and looking for cutting-edge functions or looking for a basic top-freezer, there is a brand name to fit your requirements.
LG leads the method in smart fridge innovation, using Wi-Fi-
Darling hahns macaw
Lolita the Blue and Gold Macaw
The macaw that is blue and gold is an amazing bird. Its stunning visual appeal is well-known. Its sociable personality makes it a perfect companion for families. is also a natural at interacting and is able to learn the language and tricks quickly.
Pteri our blu
Orville macaw parrot price
Sinatra Macaws for Sale
Macaws are social birds that thrive on interaction and require a lot of attention. They also require a large cage and a lot of toys and enrichment materials. Ensure that you purchase or adopt from a reputable breeder or bird rescue.
Think about t
Buy cocaine online
Cocaine leaves are grown and processed into cocaine in South American countries like Bolivia, Peru, and Colombia. From there, shipments are trafficked to global markets, including countries in the Asia Pacific region like Australia. That explains why Australians pay, on average, the second highest price for the drug.
That also explains why the country is a favorite destination of illicit drug traffickers. Two
Darling hahns macaw
Lolita the Blue and Gold Macaw
The blue-and-gold macaw is a beautiful bird known for its stunning visual appeal. Its social nature makes it a wonderful companion for families. It is also a natural at interacting and can pick up phrases and tricks quickly.
Pteri ou
https://glazier-brompton.co.uk
The Glazing Transformation: Just How Energy-Efficient Windows Can Change Your Space
At The Polishing Change, we believe that every house owner deserves to enjoy a comfortable and energy-efficient space. That’s why we are passionate regarding assisting our customers transform their homes with energy-efficient home windows. In this post, we will certainly explore the benefits of energy-efficient windows
Gizmo newborn african grey parrot
The Cost of Buying an African Grey Parrot
A large investment, buying an African Grey Parrot is a significant purchase. This bird can live up to 50 years. You’ll have to be prepared for an extended commitment.
It’s best to buy a baby African Grey at a reputable pet store or breeder. This way, you’ll know that the pet has been
gizmo the grey parrot
African Grey Birds For Sale
African Greys require a lot of human contact as well as long periods of time away from their cages. They consider their family members to be their family and can become extremely attached to one particular member.
They are very vocal birds and will make plenty of noise thro
https://medium.com/@dv_77720
У конкурентов нужно выявлять их лучшие практики, фишки, недостатки. Исходя из этого анализа, можно сформировать свои конкурентные преимущества, то, что отличает от других. Прочие требования к потенциальному заемщику, обеспечению и условия для получения кредита регулируются Кредитной политикой банка и другими локальными актами банка в области кредитования. Индивидуальные предприниматели, осуществляющие предпринимательскую де
casco parrot for sale
African Grey Parrots
African grey parrots have for a long time charmed avian fans with their remarkable intelligence and fun personalities. They can imitate speech and solve puzzles. They also form strong emotional bonds with owners.
In this video, Griffin, a Congo African Grey, is compared head-to-head with 2
hipnoterapi semarang reviews
Hipnoterapi menjadi salah satu metode terapi yang mengatasi seluruh permasalahan mental, emosional, hingga fisik. Di Semarang, layanan hipnoterapi telah berkembang ekspress dengan hadirnya melimpah klinik dan praktisi berpengalaman. Artikel ini akan mengulas secara mendalam rekomendasi hipnoterapi Semarang terbaik, biaya layanan, serta uraian tentang tempat-tempat ternama untuk mendapatkan terapi ini.
<br
Comprar Carta de Condução da Categoria B1
permits you to drive a single car 26,001 pounds or more and towing a trailer of up to 10,000 pounds. It also lets you earn CDL endorsements, which grant you additional permission to operate certain types of vehicles or carry specific cargo.
A class B CDL allows you to drive straight trucks and city buses as in addition to tour buses, dump trucks equipped with small trailers,
Orville macaw parrot price
A Sinatra Macaw For Sale Near Me
There are multiple locations to find an available macaw, including breeders, pet stores, and online marketplaces. A reputable breeder can offer an animal that is healthier and more social. Pet stores and online marketplaces are both convenient.
Tropical Wings Aviary offers a wide selection of lovebird
20 Things That Only The Most Devoted Buy ADHD Medication Uk Fans Know Non Prescription Adhd Medication For Adults (https://Justpin.Date/)
case battles
Case Battle in Counter Strike Global Offensive
Case battle is an exciting method to experience the thrill of opening cases. It adds an element of competition and increases the chance of obtaining rare skins. It also helps players gain understanding of the mechanics of cases and drop rates.
Case battl
Five Killer Quora Answers To Fascia And Soffit Replacement Companies Near Me fascia and soffit replacement Companies near me
Customer relationship management (CRM)
Within today’s fast-paced enterprise environment, effective communication is vital for success. Benefits of automated appointment reminders are regularly seeking innovative techniques to engage along with customers and improve the look of their outreach attempts. SAMI Calls is where SAMI CELL PHONE CALLS is. As the particular ultimate automated messaging solution, SAMI CELL PHONE CALLS is designed to enhance c
fridge brands
What is the very best Brand Name For Fridges?
There are brand names that cater to a variety of styles and preferences. Whether you’re tech-savvy and seeking innovative features or shopping for a standard top-freezer, there is a brand to fit your requirements.
LG leads the method in wise fridge innovation, using Wi-Fi-connected designs with expensive
https://justicestay.com/
slots online selalu menjadi salah satunya opsi banyak bettor buat lakukan betting. argumen banyak bettor menunjuk melaksanakan betting dalam perjudian slots uang asli pastinya karena permainan ini mempunyai peraturan yang simpel serta tidak butuh trik teristimewa untuk jadi pemenangnya. sampai bonus dan keuntungan dari permainan kasino yang satu berikut termasuk sangat menarik sekali jika dapat kerjakan betting dengan presisi di da
large 4 seater leather sofa
A 4 Seater Leather Chesterfield Sofa Will Never Go Out of Style
As a well-constructed suit or pair of shoes, every first-class Chesterfield starts with solid foundation. A solid hardwood frame that has been kiln dried, is fixed and glued to ensure durability. This frame forms the basis for subsequent work.
<
car immobiliser ghost
How Much Is a Ghost Immobiliser Worth?
Immobilisers are a vital security measure to prevent hotwiring, which is a common form of car theft. However, thieves are constantly adapting and modifying their strategies.
Ghost immobilisers are a great o
parrot for sale african grey
A Talking African Grey Parrot For Sale
Zuri is an African Grey Parrot. Parrots are known for making loud noises in the morning and at night. This is a normal behaviour that helps them stay together with their family.
They require a constant, daily commitment through training, learning tricks and playing.
The Reasons Mystery Box Isn’t As Easy As You Think Mystery box Opener
gas safe engineer buckingham
What Does a Gas Engineer Do?
A gas engineer is accountable for the installation, evaluation and upkeep of gas installations in homes and services. They need to likewise comply with rigorous precaution while working on these setups.
Plumbing problems such as leaky pipes are extremely dangerous and need to be fixed quickly. A plumb