by

Department Store Industry

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.

403,561 thoughts on “Department Store Industry”

  1. ghost immobilise
    What is a Ghost Immobiliser?

    Thieves have been developing ways to get around security systems for cars, however advanced anti-jamming technology as well as vigilant monitoring can ward off these risks. Ghost immobilisers like the CAN Phantom and the Autowatch Ghost are hidden within the vehicle, undetectable by scanners for diagnostics, and utilize buttons on the centre console or the door

  4. Driving Lessons
    Tony Mac Driving Courses

    Cracker Hill’s return to Winton yesterday was one of the most impressive performances in recent times. This trotter from Love You is owned by North Otago rugby and harness racing legend Brad Williamson.

    Tony Mac offers individualized learning plans to accommodate the different learning styles of every s

  5. LY3009120 nmr
    y (OR 0.74 [95% CI 0.58 to 0.94]; p = 0.01) or lower extremity symptoms (OR 0.68 [95% CI 0.53 to 0.86]; p less then 0.01), and greater symptoms of anxiety (GAD score) (OR 0.97 [95% CI 0.95 to 0.99]; p less then 0.01) or depression (PHQ score) (OR 0.97 [95% CI 0.95 to 0.98]; p less then 0.01) were associated with lower likelihood of registering for the portal. English language, city of residence, and seeking care for

  6. BLU945
    aureus infections, although further investigation of the effect at the tissue level is required.OBJECTIVE. The purpose of this study was to analyze the timing of major bleeding complications after renal transplant biopsy in the context of a standardized 1-hour postprocedure observation protocol. MATERIALS AND METHODS. We retrospectively reviewed the electronic medical records for consecutive patients who underwent ultrasound

  7. hoki311
    langkah memastikan situs slots online terhebat. bermain permainan slots online dapat jadi pengalaman yang paling menyenangkan namun sebagian dari itu terkait pada penentuan permainan judi yang prima dari bermacam macam. memutuskan sangatlah terkait pada type yang digemari untuk calon juga pada kemungkinan buat menang.

    disamping itu, kesepakatan beberapa pemain buat memberikan hati diri di dalam permainan mesti dilihat. satu orang

  8. https://www.selleckchem.com/products/cdk2-inhibitor-73.html
    BACKGROUND The availability of bare metal stents (BMS) followed by drug-eluting stents of first- (DES1) and second-generation (DES2) progressively increased the rate of the percutaneous revascularizations [percutaneous coronary intervention (PCI)] with unknown impact on the long-term outcome of real-world patients with established coronary artery disease. We soug

  9. GPCR inhibitor
    Prognosis for patients with metastatic bladder carcinoma (mBC) remains limited and in need of novel therapies. We retrospectively analyzed medical records of 43 patients with platinum-refractory metastatic bladder cancer (mBC) who participated in one or more phase I trials of various investigational therapies. Patients’ tumors or circulating tumor DNA were analyzed by next-generation sequencing. The

  10. Brefeldin A datasheet
    Introduction Hypothenar Hammer syndrome refers to thrombosis/aneurysm of ulnar artery at Guyon’s canal in wrist, with resultant arterial insufficiency in the ulnar artery distribution.1 Patients typically describe unilateral symptoms in the fourth and/or fifth fingers of the hand. Symptoms can range from asymptomatic to pain, pallor, paresthesia, weakness, cold intolerance, and eventually ulceration, necro

  11. read more
    This systematic review aims to synthesize evidence to determine the effect of physical activity on the prevention and management of type 2 diabetes among Aboriginal and Torres Strait Islander Australians.

    Physical activity interventions have been shown to have a positive influence in the prevention and management of type 2 diabetes. A body of evidence for the impact among Aboriginal a

  12. FDI-6 chemical structure
    The clinical sensitivities for resistance detection were 74.5% (95% confidence interval, 61.7 to 84.2%), 96.2% (87.2 to 99.0%), and 92.8% (82.7 to 97.1%) for the Allplex MG & AziR, Macrolide-R/MG ELITe MGB, and ResistancePlus MG FleXible kits, respectively. The sensitivity of the Macrolide-R/MG ELITe MGB kit was significantly higher than that of the Allplex MG & AziR kit. The clinical specificity for

  16. Baf-A1 nmr
    ±0.089) mm. There was no statistical difference between the feature points 5-5′, while there were statistical differences between the other feature points. CONCLUSION By the dental articulator position method, the model scanner reproduces the occlusal contact point with high sensitivity and PPV, and that meets clinical needs. Meanwhile, the distance between the feature points is greater than the reference value, wh

  17. check details
    s and establishing whether a specific dose of supplementary DHA, at a particular time in the preclinical disease course can have a positive impact on Alzheimer’s disease progression in APOE ε4 carriers.Posterior cortical atrophy is an atypical form of Alzheimer’s disease characterized by visuospatial impairments and predominant tissue loss in the posterior parieto-occipital and temporo-occipital cortex. Whilst e

  18. adult ADHD symptoms men
    ADHD Symptoms Adults Test For

    A mental health professional or health care professional should perform more than self-assessment tests to diagnose ADHD. The health care provider will also ask questions about your childhood experiences, and may also interview significant people in your life, such as spouses or partners, famil

  19. harlequin macaw
    Ziggy Our Scarlet Macaw

    The Scarlet Macaw, also known as the Scarlet Macaw, is one of the most vibrant birds available for sale in the pet trade. In the wild, they can live up to 40 years in the forests across Central America.

    In captivity, they mu

  20. KYA1797K research buy
    Indirect measurement of proton motive force by flow cytometry revealed no membrane damage of the cells by PCA, which was thus ruled out as a cause for affecting PCA formation.Breast cancer is the second leading cause of death among women worldwide, and while hormone receptor positive subtypes have a clear and effective treatment strategy, other subtypes, such as triple negative breast cancers, do not. Develop

  21. Selleck Vorinostat
    cognition and treatment may improve outcomes.

    This study aims to improve the classification of the fall incident severity level by considering data imbalance issues and structured features through machine learning.

    We present an incident report classification (IRC) framework to classify the in-hospital fall incident severity level by addressing t

  22. Driving Lessons Scunthorpe
    Tony Mac Driving Courses

    Few horses can deliver fresh performances as spectacular as Cracker Hill did on his return to the track at Winton yesterday. This trotter by Love You is owned by North Otago rugby and harness racing identity Brad Williamson.

    At Tony Mac, we recognize that

  23. selleck kinase inhibitor
    In vivo tests showed a low inflammatory response, good cicatrization, and advanced resorption at 60 days of implantation, as indicated by histological images. It was evidenced that the covalent union between CS and GO increased biocompatibility and the degradation/resorption capacity, demonstrating tissue regeneration with typical characteristics and tiny remnants of implanted material surrounded by a type I

  24. Sotrastaurin
    Nurses have the obligation and duty to care for all people (American Nurses Association, 2015), and to treat them with dignity, respect, and compassion (Fowler, 2015). To address equitable care of LGBTQIA people in her community, Jackie Baras, MSN, MBA, RN, serves as LGBT Navigator at Robert Wood Johnson University Hospital/RWJBarnabas Health in New Brunswick, New Jersey. As a transgender woman, Jackie advo

  25. just click the following internet page
    Weekly and Daily Meetings: Communication could be the biggest complaint we hear from staff as well as the easiest activity. It takes consistency and a can do attitude. Meetings where the actual team hook up on regularly and communicate about the little things will certainly make all of the big things work superior.

    <b

  26. see more
    At present, there are more and more patients with acute hypertriglyceridemia pancreatitis in clinical practice. Common treatment measures include fasting and water withdrawal, fluid resuscitation, and somatostatin. In recent years, studies have pointed out that the PPARa agonist fenofibrate may help improve the condition of such patients. Therefore, through clinical research and analysis, we reported for the first t

  27. Selleck MLN2238
    However, while these are at the stage of clinical testing, preclinical and clinical trials are needed before they can be considered useful biomarkers or therapeutic targets of AKI in the context of antibiotic nephrotoxicity or septic injury.Apples are the most consumed fruit in the United States and have recently been shown to exhibit some vulnerability to contamination across the supply chain. It is unclear what r

  28. testing for adult adhd
    Getting a Diagnosis For ADHD Online

    Finding the right help begins with an assessment of ADHD. It can help people overcome long-term issues, like difficult relationships and academic issues.

    For many people, living with undiagnosed ADHD can be difficult and confusing. A clear diagnosis can offer valid

  29. click here
    We investigate the relationship of morality and political orientation by focusing on the influential results showing that liberals and conservatives rely on different moral foundations. We conducted a comprehensive literature search from major databases and other sources for primary studies that used the Moral Foundations Questionnaire and a typical measure of political orientation, a political self-placement item.

  30. black dual fuel range cooker
    Investing in a Dual Fuel Cooker Range

    The investment in a dual fuel cooker range adds to the overall value of your home and kitchen. If you’re considering one, make sure your kitchen is equipped with two power sources (gas and electric).

    Schedule a showroom appointment at Clarke

  31. click here to investigate
    Leading 5 Brands of Fridge

    Brand credibility can have a substantial influence on your fridge selection, especially if you’re in the market for a brand-new one. Some brand names regularly rank high in consumer complete satisfaction scores for their reliability, while others offer sleek designs and interesting functions.

  34. SAP HANA® – 360° Introduction – HA100 course
    SAP HANA (r) has revolutionized the way businesses work and analyze data. SAP HANA(r), with its in-memory computing capabilities and real-time analysis capabilities, is a cornerstone for modern ERP systems. The HA100 course of training will assist professionals in maximize the potential of this technology.

    <b

  35. 메이저사이트
    카지노 웹사이트에 대한 정확하고 자세한 설명이 여기에 제공됩니다. 오프라인 카지노에서 볼 수 있는 것과 유사한 다양한 게임을 제공하는 웹사이트를 말합니다. 카지노를 방문할 시간이 없거나 재정적으로 방문할 여유가 없다면 집에서 카지노 게임을 하는 것이 좋은 대안입니다. PC나 모바일에서 실제 카지노처럼 직접 베팅하여 언제 어디서나 온라인 카지노를 즐길 수 있습니다. 온라인 카지노가 해외에서 지배적인 이유는 플레이어가 실제로 카지노를 방문하지 않고도 실제 카지노에서 하는 것처럼 온라인으로 게임을 할 수 있기 때문입니다.

    한국에는 대부분 영어로 된 카지노나 달러 단위의 화폐 단위가 있었습니다.그러나 국내 플레이어가 증가함에 따라 이러한 포인트가 개선되고 한국인을위한 온라인 카지노 서비스가 확대되었습니다.

    <

  36. drp是什麼
    在一個時代在哪裡挑戰可以貨幣越來越普遍，很多人結果債務重組不堪重負。持續還款的壓力，利率，不可預見的費用可以感覺就像負擔這當然是不可逾越。儘管如此，顯然是希望。兩種策略 -那是有效的自願安排（IVA）和信用卡債務解決方案計劃（DRP） – 為可行的途徑提供對於人們試圖恢復控制他們的資金。

    讓我們集中在個人自願安排（IVA）。這項具有法律約束力的協議供應結構化方法個人償還他們的債務收藏持續時間，通常是五到六年。通過與債權人談判，您可以輕鬆提出還款計劃遇到你的財務。關於iva基於它是機會債務和解;一旦完成安排，將刪除任何剩餘的債務。這意味著你會的開始開始這當然是通過壓倒性債務重組的束縛嶄露頭角。

    話雖如此，信用卡債務減免計劃（DRP）生產對於那些需要立即援助管理他們的職責那是金融的。DRP允許個人上班直接與債權人談判較低的付款是每月要進來債務在下是

  37. click here
    001). CT was found more cytotoxic on hPDLF cells than the control (p = 0.01) and EQS group (p = 0.008) at one week. The cytotoxicity of CRs on hGF and hPDLF cells vary, according to the type of composites, cell types, and exposure time.Ralstonia solanacearum is an important soil-borne bacterial plant pathogen. In this study, an actinomycete strain named NEAU-HV9 that showed strong antibacterial activity

  38. Dovitinib order
    Following these observations, a set of possible engineering, social, and policy measures are proposed, whose implementation in the near future is expected to reinforce flood management in the study area. The WebFRIS architecture is flexible, easy-to-use; it is expected to provide crucial lessons to the local bodies, town-planners, water professionals, flood experts, and also the citizens, a precious knowledge on fl

  39. Casino Tg88
    Online casino gambling is utterly secure and sound. Your money is residing in an webpage. are free, others the to determined a deposit.

    So technique bet you put would represent $30. The grand total before you play method to bet is actually of $60 total (the $30 bet placed on your part in must bet

  40. Z-VAD-FMK mouse
    Caloric vestibular stimulation (CVS) can temporarily reduce visuospatial neglect and related symptoms. The present study examined the effect of CVS on representational neglect during free exploration of the map of France. We asked patients to name cities they could mentally “see” on the map of France, without giving them any directional instructions related to the left or right sides of the map. In right brain

  41. selleck products
    Every cell in the body secretes extracellular vesicles (EVs) possibly as cellular signaling components and these cell-derivatives can be found in multiple numbers in biological fluids. EVs have in the scientific field received great attention in relation to pathophysiology and disease diagnostics. Altered protein expressions associated with circulating EVs in diseased individuals can serve as biomarkers for differe

  42. Selleck TGFbeta inhibitor
    Stereochemical control in the construction of carbon-carbon bonds between an alkyl electrophile and an alkyl nucleophile is a persistent challenge in organic synthesis. Classical substitution reactions via SN1 and SN2 pathways are limited in their ability to generate carbon-carbon bonds (inadequate scope, due to side reactions such as rearrangements and eliminations) and to control stereochemistry when beginning w

  44. EX 527
    A high adsorption capacity of BPA up to 209.9 mg/g that was better than common 2D-COFs was achieved, and the sensitive MSPE-LC-MS method with wide linear range (10-5000 pg/mL), low detection limit (4 pg/mL, S/N = 3) was built. Satisfactory recoveries of BPA as 93.8 ± 1.4%-101.4 ± 5.1% (n = 3) and 100.4 ± 1.9% ~ 107.3 ± 1.2% (n = 3) were obtained in milk and river water samples, respectively. This work demonstrates the promisi

  46. Birabresib
    The neuropeptide oxytocin is proposed as a promising therapy for social dysfunction by modulating amygdala-mediated social-emotional behavior. Although clinical trials report some benefits of chronic treatment, it is unclear whether efficacy may be influenced by dose frequency or genotype.

    In a randomized, double-blind, placebo-controlled pharmaco-functional magnetic resonance imagi

  47. GSK J1 ic50
    The sparse non-negative matrix under-approximation (SNMU) was used to identify mixtures of chemical substances. A k-means clustering classification of the whole study population was then performed to define clusters with similar co-exposure profiles. Overall, 8 mixtures which explained 83% of the total variance, were retained. The first mixture, entitled “Minerals, inorganic contaminants, and furans”, explained the highe

  48. https://juicyfluffy.com/
    bermain di web-site judi slots online yang dapat dipercaya di indonesia bakal bikin permainan jadi lancar. keuntunga juga semakin lebih cepat diterima. itu mengapa beberapa betaruh terus direkomendasikan selalu untuk menunjuk website judi slots online yang sudah eksper lama dan dapat dibuktikan kwalitetnya. berikut di bawah ini banyak kelebihan dari sebuah web-site judi slots online paling dipercaya di indonesia.

    <br

  49. Retinoic acid
    To ensure accurate reference dosimetry with ionization chambers in MR-linacs, the influence of the magnetic field on the response of the ionization chambers must be considered. The most direct method considering the influence of magnetic fields in dosimetry is to apply an appropriate absorbed-dose-to-water standard. At PTB, a new water calorimeter has been designed which is capable to determine Dw,Q in an M

  50. selleck inhibitor
    Hence, sample throughput can be accelerated with this device for practical use. It is also more sensitive, with SERS detection of a few cells of Salmonella in neat samples achievable. We also evaluated the feasibility of using this device to detect Salmonella in food samples without performing the culturing procedures. Having spiked a few Salmonella cells into ice cubes and lettuce leaves, we use filtration and

Leave a Reply

Your email address will not be published. Required fields are marked *