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.
online test adhd
ADHD Test For Adults – How to Get a Diagnosis
A person suffering from ADHD often hides their symptoms so that others don’t know. Many adults don’t remember if they had ADHD when they were children, and they are often unaware of the condition.
Your specialist wi
repairmywindowsanddoors.co.uk
Choosing uPVC Fascia Fitters Near Me
Fascias are a crucial component of your roofline that protects your gutter system from damage and rotting. They can also improve the overall look of your home and make it more attractive. They are made from uPVC which is very durable and resists water.
selleck products
There was a lack of evidence indicating that patient and medical factors were associated with discharge opioid dose.
Patient and medical factors were not associated with post-CS opioid prescribing. Larger studies are needed to better elucidate optimal post-CS pain management in the days and months that follow CS. Such findings are needed to better tailor opioid prescribing, co
click home page
The Best Bunk Bed Brands
Some bunk beds feature easy-to-climb stairs instead of ladders which are safer for kids younger than anyone who has trouble with a ladder. They can also be expensive and take up more space.
Some models have an trundle with a removable design that can be tucked away underneath the bunk at the bottom. This is a great soluti
glaucous macaw
How Much Does it Cost to Buy a Macaw?
The purchase of a macaw is expensive. If you adopt macaws from shelters, or rescue, your cost at first will be lower.
It is also important to consider the regular costs of food, toys, veterinary care and cages or aviaries. Macaws are a flock animal a
csgo case battle
CS2 Case Battles
A CS2 Case Battle is a game mode that lets players play their favorite games with a twist. It is a competition in which players bet on their cases and the value of the items they remove determines the winner.
This feature is available only on third-party w
fridges brands
Finest Fridge Freezer Brands
If you’re in the marketplace for a fridge freezer, take a look at this list of finest brand names. These brand names use some innovative brand-new fridge technology and modes that will assist you keep food fresh longer.
Look for the kWh energy ranking on the energy label. fridge brands uk shows how much power the home appliance uses– eff
https://sanfelipe.com.mx/
Trò chơi bài luôn là lựa chọn yêu thích của nhiều người khi muốn thư giãn. Với sự phát triển của công nghệ trực tuyến, game bài online đã trở thành một phần không thể thiếu của các game thủ. Không chỉ đơn giản là trò chơi, game bài còn rèn luyện cho người chơi tư duy và giải trí cực kỳ hiệu quả.
Các tựa game bài như xì tố luôn là game bài thịnh hành trong cộng đồng. Với quy tắc chơi đơn giản
https://sanfelipe.com.mx/
Trò chơi bài luôn là sự lựa chọn của nhiều người khi muốn giải trí. Với sự phát triển của công nghệ trực tuyến, game bài online đã trở thành một phần không thể thiếu của các tín đồ yêu thích bài. Không chỉ đơn giản là trò chơi, game bài còn rèn luyện cho người chơi phản xạ và giải trí cực kỳ hiệu quả.
Các trò chơi bài như xì tố luôn là trò chơi được yêu thích trong cộng đồng. Với lối chơi dễ
https://ratusetia.com/
pada suatu situs slots online yang bisa dipercaya, bakal ada beragam cara pembayaran yang dapat diputuskan langsung oleh beberapa petaruhnya. dengan bermacam cara pembayaran yang ada, seseorang betaruh langsung bisa menempatkan dana dengan demikian cepat. tersebut ia model – tipe cara pembayaran dalam suatu situs slots online yang bisa dipercaya.
transfer antara bank
metoda pembayaran yang kerap di
faux leather sofa
How to Avoid Buying a Cheap Leather Sofa
Elegant enough to make a striking design statement, this well-rated couch has buttery-soft leather upholstery and solid pine wood frame. It comes with a lifetime guarantee.
The Article Sven sofa offers good value for its moderate price tag. T
Clovis yorkshire terrier kaufen
Buy Marta Mini Yorkshire Terrier
Yorkshire Terriers are confident and self-assured dogs. They make great lap dogs as well as confident watchdogs.
Breeders who are not careful might attempt to profit from consumers who aren’t aware, by selling “teacups” of Yorkies that weigh less than the standard. This is an illegal act and these puppi
Buy dmt Pen
Dimethyltryptamine Pen: A Comprehensive Guide to Its Use, Benefits, and Safety
A DMT pen is an innovative device designed for the consumption of DMT (Dimethyltryptamine), a strong psychedelic compound that occurs naturally in various botanical sources and animals. The DMT pen, often resembling a vape pen, offers a more convenient and discreet method of experiencing the e
online adhd testing
ADHD Tests For Adults
Many online resources provide ADHD rating scales for adult. They can be used to detect ADHD symptoms, but they cannot confirm the diagnosis. A trained healthcare professional can conduct an interview to diagnose the problem and standardized tests to evaluate symptoms of ADHD.
A specialist will ask you about your symptoms and behaviour s
simply click the following article
How to Choose the Best Bunk Bed Desk
A bunk bed desk can transform the bedroom of a child into an efficient workspace. Choose from a variety of styles and designs to create the perfect workspace for your child.
This Pottery Barn Belden Bunk has an extra-large mattress on top, and a solid, full-length guard
債務重組
經常可以感覺就像障礙這當然是無法克服的使人們被困在金錢焦慮週期中。然而,你會找到的路徑專為那些想要逃避這種困境。知道個人自願安排的選項(IVA),債務和解產品(DRP)和破產可以啟用人們控制的財務並朝著更多未來那是受保護。
一個人自願安排(IVA)是一種方法那是主動允許個人談判可行的還款計劃使用他們的債權人。本協議這當然是正式的一個有組織的解決方案解決三到六年的債務。通過同意付費那是什麼他們可以負擔得起,人不僅僅是保護自己
top online casino in bangladesh, new online casino, online gaming in Bangladesh, best online casino in Bangladesh, online cricket betting, best slots, best fishing games, global poker casino, best live casino games, bengalwin lottery, world sports betting
When it comes to online casinos in Bangladesh, **Bengalwin** stands out as a p
https://ratusetia.com/
slots online serta jenis tipe bermainnya. jumlah orang yang minati permainan slots online pastilah jadi sebuah pembicaraan yang sangat bagus. walaupun sangat termashyur, tapi masih tetap ada beberapa orang yang belum ketahui terkait slots online. oleh karena itu karenanya ulasan berkaitan slots online jadi sebuah kajian yang wajib kita kaji semenarik mungkin.
seperti jenis-jenis atau model permainan yang termasuk dal
https://www.instapaper.com/p/15446340
Finding out as significantly as you could about Airsoft is genuinely regular. In , individuals do this every day. It really is a wonderful first stage that numerous individuals get. Subjecting atavi.com/share/x085wgz182o4s to information overload isn’t a option you ought to make voluntarily. It can be hard to talk about Air sports, and many other matters, on which several sights can be produced. Likel
leather corner sofa 4 seater
White Leather 4 Seater Sofa
White sofas are modern and traditional They are the perfect backdrop for any decor. They can be utilized in informal and formal spaces and can also be dressed up with throw pillows. They are a great way to brighten the space and let it breathe naturally. White couches are easy to c
666-15 inhibitor clinical trial
An extensive literature has validated the critical importance of a brief post-trial consolidation period for the incorporation of an experience into memory. Importantly, during this active consolidation state the memory formation is vulnerable to modification. While the subsequent stabilization of the memory makes it relatively resistant to modification, conditioned drug cues that re-activate the
go to this web-site
Robots That Vacuum and Mop
Robots that vacuum and clean provide the convenience of cleaning dry and wet messes in one time and without the need to switch devices. They also can save space compared to two separate units, particularly in smaller living areas.
A good combination bot will provide excellent navi
A mesothelioma lawsuit is a personal injury lawsuit that
seeks compensation for victim’s asbestos Legal-related illnesses.
There are a variety of claims, including the wrongful
death claim and trust fund claims.
click the up coming document
The Best Robot Vacuums
The top robot vacuums can suck up small dust particles, crumbs, and other debris from hard floors as well as low-pile carpets. They also excel at picking up larger particles like screws made of metal, Orzo pasta and even pet hair.
To reduce maintenance time to reduce maintenance
attention deficit disorder online test
Online Tests ADHD Are Not a Replacement For a Clinical Evaluation
Online tests ADHD provide individuals with a quick diagnosis for a fee. These tests provide a more thorough evaluation than the tests offered by public agencies, however they could have longer waiting times.
https://qualityran.com/
penempatan taruhan judi games slots online memungkinnya buat banyak bettor dalam mendapat sejumlah keuntungan. coba kerjakan penempatan taruhan dengan prinsip serta tata teknik yang betul yang dapat membawa pada begitu banyak untung yang besar. aplikasikan prinsip berdasar pada tata trik yang harusnya sesuai sama struktur taruhan. rancangan taruhan betul-betul menjadi salah satunya sisi penting yang dapat menolong anda buat dapat mem
leather corner sofa 4 seater
Leather Recliner Sofa 4 Seater
Features
This leather recliner sofa 4 seater offers ultimate comfort with all seats being power recliner-friendly. reclining function is managed by a simple button panel and allows you to adjust th
buy dmt Vape
DMT Vape for Sale: Exploring the Growing Trend
DMT, also known as Dimethyltryptamine, is a potent psychedelic substance known for its intense, short-lasting effects. In recent years, the trend of using a DMT vape has gained traction among those interested in exploring the effects of this powerful compound. If you’r
Mood Off Shayari
In today’s fast-paced world, everyone experiences moments when their mood dips. Whether it’s due to personal struggles, work stress, or relationship issues, expressing these feelings can be therapeutic. One unique way to articulate these emotions is through * Mood Off Shayari in English*. Shayari, a form of poetry, captures sentiments beautifully, allowing individuals t
https://sanfelipe.com.mx/
Game bài luôn là món ăn tinh thần của nhiều người khi muốn thư giãn. Với sự phát triển của công nghệ trực tuyến, chơi bài trực tuyến đã trở thành trải nghiệm thú vị của các tín đồ yêu thích bài. Không chỉ đơn giản là trò chơi, game bài còn rèn luyện cho người chơi tư duy và thư giãn cực kỳ hiệu quả.
tựa game bài như poker luôn là game bài thịnh hành trong cộng đồng. Với lối chơi dễ tiếp cậ
https://sanfelipe.com.mx/
Game bài luôn là lựa chọn yêu thích của nhiều người khi muốn giải trí. Với sự phát triển của internet, trò chơi bài trực tuyến đã trở thành trải nghiệm thú vị của các người chơi. Không chỉ là trò chơi, game bài còn rèn luyện cho người chơi chiến lược và thư giãn cực kỳ hiệu quả.
Các trò chơi bài như bài cào luôn là những trò chơi phổ biến trong cộng đồng. Với cách chơi dễ hiểu, các trò chơi
bioethanol fire wall mounted
Wall Hung Bioethanol Fires
Wall hung bioethanol fires use the chance to delight in genuine flames and heat with little or no building and construction or installation included. They are likewise simple to operate.
Ethanol wall fireplaces can be recessed int
https://restdiving78.werite.net/shayari-mood-off-expressing-your-feelings-poetry-style
In life’s journey, there are moments when our moods take a dip, leaving us feeling overwhelmed and introspective. During these times, expressing our feelings can help lighten the burden, and what better way to do that than through *Mood Off Shayari*! This beautiful form of Urdu poetry captures the essence of c
goethe institut zertifikat
A1 Certificate – Why It’s Important to Have One Before Travelling Abroad
Many project employees disregard the advice of experts and do not spend the time to get their A1 Certificates prior their business travel within the EU. This puts at risk the employee as well as the host company.
<b
click home page
The Best Bunk Bed Reviews
Bunk beds are an excellent option for families with multiple kids and can help make space in smaller spaces. But, you’ll need to be aware of your room’s size and ceiling height as well as whether or not you want an trundle bed for sleepovers.
Look for a bunk that’ll develop with your children such as this Crate & Kids Gemini bunk be
leather couches for sale
Leather Sofas – A Classic, Timeless Addition to Your Home
A leather sofa will always be an elegant and timeless option for your home. It can elevate the style level in a room, adding an air of luxury and extravagance.
It is also tough However, it can be susceptible to s
white leather 4 seater sofa
Modern Leather Four Seater Sofas
Leather four seater sofas are a timeless, stylish choice for your home. This well-loved piece of furniture is available in antique, vintage and contemporary versions. Styles include Scandinavian Modern and Mid-Century Modern.
A varie
leather corner sofa 4 seater
4 Seater Black Leather Sofa
There are a lot of things to think about when shopping for a 4 seater black leather sofa. You’ll need to select one that is elegant and comfortable, as well as having an enduring frame.
This West Elm couch is a great value and is extremely versatile. It is stylish and is incredibly comfortable (Ajai said that her husband of 6
A Delightful Rant About Central Locking Repairs truck door Lock repair
fridge brands uk
The Very Best Brand Names of Refrigerators
There’s nobody best brand of fridge. But according to CR’s lab and study information, GE, Bosch, Whirlpool, and KitchenAid fridges are long lasting and dependable.
GE has standard French door and side-by-side designs, along with state-of-the-ar
5 Laws Anybody Working In Shop Power Tools Should Be Aware Of
tools online uk (Lucretia)
https://sanfelipe.com.mx/
Các trò chơi bài luôn là món ăn tinh thần của nhiều người khi muốn xả stress. Với sự phát triển của công nghệ trực tuyến, trò chơi bài trực tuyến đã trở thành một phần không thể thiếu của các game thủ. Không chỉ là một trò chơi, game bài còn rèn luyện cho người chơi chiến lược và xả stress cực kỳ hiệu quả.
Các game bài như poker luôn là những trò chơi phổ biến trong cộng đồng. Với cách chơi
best robot vacuum
Robot Vacuum Reviews – How to Keep Your Robot Vacuum Clean
Many robot vacuums are compatible with apps that let you control the device without holding it. These apps can help you schedule cleaning sessions, establish boundaries and establish no-go zones.
A few of the robots we
債務重組邊間好
在當今的世界中,快節奏的財務安全經常可以感覺就像一個遙遠的夢對於許多人。隨著增加生活費以及意外的費用,債務可以很快積累,導致壓力這當然是壓倒。但是不要害怕 – 有工作方法例如IVA債務重組和DRP信用卡債務減免會鋪平正是如何走向更光明的未來那是經濟的。了解這些原則,與破產,貸款和借款的影響,是必須的對於任何人試圖恢復控制他們的財務狀況。
某人自願安排(IVA)是真的合約那是正式的一個人和他們的債權人償還債務結束了固定持續時間,通常為五到六年。這個選擇是特別的有益那些有累積的債務是無抵押的必須避免破產。經過進入一個人,個人可以減少他們的每月賬單並從根本上組成百分比遠離他們的債務重組。這個過程那是
moodoffshayari
In life, we oftentimes encounter moments when our mood can take a turn for the worse. This could be due to various reasons – heartbreak, disappointment, or simply feeling overwhelmed by the day-to-day struggles. During such times, sharing your feelings through poetry can be incredibly therapeutic. in English provides an expressive and poignant way to articulate those heavy emotions.
### Und
vegan leather sofa
A Leather Modular Sofa is a Sleek, Sophisticated Seating Solution
A leather modular sofa is a sleek elegant seating option. They utilise space, create space dividers, and are comfortable to lounge on.
Modular couches can also be moved more quickly than traditional sectionals. They are a great choice when you plan to
leather couches for sale
Buying a Tufted Leather Sofa Online
Furniture shopping online isn’t always easy, particularly when it comes to expensive items like leather sofas. The wrong size can lead to a costly mistake that can cause you to have a uncomfortable sofa for years.
Add timeless quality to your home with a tufted leathe
click for more
How to Choose the Best Triple Bunk Bed
The triple bunk is an upgrade for the toddler bed that your children have outgrown. It’s a fun and effective sleeping solution that is both secure and attractive.
The most comfortable triple bunk bed comes with full-length rails and a slatted base that eliminates the
ghost immobiliser for sale
The Autowatch Ghost Immobiliser
Autowatch Ghost is a revolutionary immobiliser that guards your car from thieves. The small weatherproof device is hidden in your vehicle’s wiring and is inaccessible to anyone looking for it.
The device stops key cloning, and ECU swapp
Shayari Mood Off
In the realm of emotions, our mood can fluctuate dramatically from happiness to sadness, and sometimes we find ourselves in a state of melancholy that’s hard to articulate. This is where ** Mood Off Shayari ** comes into play, providing a beautiful and expressive way to convey our feelings when words fail us. Shayari, a form of poetry in Urdu