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.
helpful resources
The Very Best Brand Names of Refrigerators
There’s no one finest brand of fridge. However according to CR’s laboratory and survey information, GE, Bosch, Whirlpool, and KitchenAid fridges are durable and dependable.
GE has basic French door and side-by-side styles, as well as high-tech choices with smart fridge inn
online pokies
Slot machines have come a long way since their inception in the late 19th century. What started as simple mechanical devices have transformed into sophisticated digital experiences, thanks to rapid technological advancements. This article explores how technology has reshaped modern slot machines, making them more engaging, immersive, and accessible than ever before.
The Digital Revolution
<br
b1 zertifikat kaufen
OSD Test B1 Certificate
OSD exams are a great opportunity to demonstrate your German skills. Offices, authorities and employers recognize them as evidence of your language proficiency. You can also use them to obtain an official residence title.
The OSD Zertifikat (B1) certificate proves that you are able
14 Savvy Ways To Spend On Leftover Fix Door Hinge Budget Window Hinge Broken
hoki311
ketika bermain judi slots online, jadi tiap betaruh harus tahu macam-macam dari mesin yang dipakai di dalam permainan itu. juga supaya lebih simpel meraih kemenangannya, karenanya tiap-tiap pemain harus tahu keistimewaan serta kekurangan dari mesin slots alternatifnya. dengan demikian peluang buat dapat menang serta bisa untung bakal semakin besar.
harus mengerti batasan dari taruhannya
buat simpel kalahkan me
online pokies
Slot machines are among the most popular forms of entertainment in casinos worldwide. Their bright lights, engaging themes, and the thrill of potential big wins make them highly appealing. However, it’s essential to approach slot machines with caution to avoid the risks of problem gambling. This article offers practical tips and strategies for enjoying slot machines responsibly.
Understanding the Natur
selleck inhibitor
In recent years, redox flow batteries (RFBs) and derivatives have attracted wide attention from academia to the industrial world because of their ability to accelerate large-grid energy storage. Although vanadium-based RFBs are commercially available, they possess a low energy and power density, which might limit their use on an industrial scale. Therefore, there is scope to improve the performance of RFBs, and
Repair My Windows And Doors
The Importance of Fascia Soffit and Guttering
Fascia, soffit and guttering are vital to keep your walls, home windows, foundation and roof free of water damage. Fascia and soffits are typically constructed from wood or aluminum however, now UPVC is an increasingly popular option for these crucial components.
duel fuel ovens
The Best Dual Range Cookers Are Smart, Efficient and Designed to Look Good in Your Kitchen
The best dual fuel range cooker for you is about finding a combination of features that meet your requirements. The top range cookers are efficient and stylish, and are designed to look beautiful in your kitchen.
It has a sleek stainless steel finish that resists fingerprints.
robot vacuums uk
Auto Vacuum and Mop Combos
The top mop and auto vacuum are designed to be hands-free for cleaning. They’re compatible with smart home systems and can be programmed using apps. They also have virtual boundaries. Some, such as the Eufy Omni X2, can even wash and dry mop pad after use.
The Little Known Benefits Of 3 Wheel Stroller 3 wheel baby strollers (Rosario)
https://glassfortune.com/
mengerjakan permainan slots online indonesia pastinya sekarang dapat akses dengan gadget atau vs pc juga. umumnya saat ini taruhan betul-betul janjikan banyak penghasilan keuntungan yang begitu besar. di tempat ini taruhan dapat sungguh-sungguh dapat mengirimkan di perolehan rasio untung yang semakin besar kembali nanti.
walau demikian buat mendapati beberapa keuntungan dalam penempatan taruhan slots sudah past
french door repairs exeter Repair My Windows And Doors
DIY French Door Frame Replacement
French doors can be a stunning addition to any home. They allow for more natural light and visual connectivity between rooms while also providing an extra layer of security from intruders and prying eyes.
A replacement door frame project is
cs2 case battles
CS:GO Case Battles
The csgo battle feature is a new and exciting way to play the game. It allows players to compete in a chance-based game in which the winner will receive all the items that are not boxed. The winnings can then be transferred to the player’s Steam inventory or traded.
To join an CSGO case battle , select the number of cases you want to play and the
baby african grey parrot for sale
African Grey Birds For Sale
African Greys require lots of human contact, and they must be out of their cage for extended periods of time. They see their family as their flock and can be extremely attached to a particular member.
They are very vocal birds and will make lots of noise throughout the day – whistles, calls, and a loud scree
http://www.789Coin
Are you ready to start an exhilarating gaming adventure that can lead to impressive wins? Welcome in order to the captivating world of play gambling at 789Coin, exactly where thrilling games in addition to incredible opportunities await. Whether you happen to be a seasoned player or perhaps fresh to the landscape, 789Coin offers the incredible platform made to enhance your own gaming experience and maximize your chances regarding hitting it
A Look At The Future What’s The Kids Treehouse Bunk Bed Industry Look Like In 10 Years?
bunk bed Adults
blue african grey parrot
African Grey For Sale
African Grey Parrots thrive on regular meals and interaction. They will not be happy to be left alone for a long time. This type of bird needs an environment that is dedicated to them for the rest of their lives.
Anger can be triggered by f
baby african grey parrot
African Grey Parrots For Sale
African grey parrots are intelligent, entertaining birds. They are able to build a vast vocabulary and imitate sounds and language. They are more adaptable than other bird species and can be a part of many different home environments.
African greys at full maturity are thought to be extremely intelligent. They h
slot online
Slot machines are among the most popular forms of entertainment in casinos worldwide. Their bright lights, engaging themes, and the thrill of potential big wins make them highly appealing. However, it’s essential to approach slot machines with caution to avoid the risks of problem gambling. This article offers practical tips and strategies for enjoying slot machines responsibly.
Understanding the Natu
5 Killer Quora Answers To Automatic Folding Electric Scooter Automatic Folding Electric Scooter
online pokies
Slot machines have come a long way since their inception in the late 19th century. What started as simple mechanical devices have transformed into sophisticated digital experiences, thanks to rapid technological advancements. This article explores how technology has reshaped modern slot machines, making them more engaging, immersive, and accessible than ever before.
The Digital Revolution
http://www.repairmywindowsanddoors.co.uk
Fascia Replacement Specialists
Fascia boards can prevent water damage in your home. If your fascia has signs of rot, leaks or insect infestation or has a generally unattractive appearance, it’s the right time to contact an expert contractor.
Specialists in soffit or fascia repair
Duxi yorkshire biewer kaufen
Buy Marta Mini Yorkshire Terrier
Yorkshire Terriers are confident dogs who radiate an air of self-confidence. They are excellent lap dogs as well as confident watchdogs.
Breeders who are unscrupulous might try to swindle consumers who aren’t aware, by selling “teacups” of Yorkies that weigh less than the standard. This is a felony and the
parrots african grey for sale
african grey parrot baby for sale of a Female African Grey Parrot
The daughter hoped to assist her father’s parrot adjust to his new life. She spent months trying to get him to taste new foods and get out of his cage. He was clearly unhappy with his surroundings.
The best way to tell the distinction betw
bedside cots for newborns
Transitioning From Moses Basket to Co-Sleeper
With a crib that is placed at your bedside or a co-sleeper, your baby can sleep comfortably close to your bed. Many come with extra features, like rockers, music and night lights.
The Shnu
online pokies
Slot machines have come a long way since their inception in the late 19th century. What started as simple mechanical devices have transformed into sophisticated digital experiences, thanks to rapid technological advancements. explores how technology has reshaped modern slot machines, making them more engaging, immersive, and accessible than ever before
cs2 case battles
CS:GO Case Battles
The csgo feature of battles is an innovative and exciting method of playing the game. It lets players play against each one another in a chance game where the winner takes all of the items unboxed. The winnings can then be withdrawn to the player’s Steam inventory or traded.
congo african grey parrot
African Grey Parrot For Sale – Zuri
Zuri is searching for his forever home
Parrots require a lot of human interaction and stimulation. If you are not able to provide this then a ‘Grey’ is not for you.
Stress and depression can lead to health problems like self-mutilation or plucking. Also, a seed
slot online
Slot machines are among the most popular forms of entertainment in casinos worldwide. Their bright lights, engaging themes, and the thrill of potential big wins make them highly appealing. However, it’s essential to approach slot machines with caution to avoid the risks of problem gambling. slot online offers practical tips and strategies for enjoying slot machines responsibly.
Understanding the Nature o
Peposertib chemical structure
Mothers who received financial support were more likely to provide STSC (adjusted risk ratio 1.85; 95% confidence interval [CI] 1.31-2.62) and breastmilk (adjusted risk ratio 1.36; 95% CI 1.06-1.75) while their infant was in the NICU. We see no statistically significant impact on neonatal growth outcomes or LOS, though estimated confidence intervals are imprecise. CONCLUSIONS Our evidence demonstrat
range cooker
Range Cooker Dual Fuel – A Kitchen Powerhouse
Dual fuel is an excellent kitchen appliance that combines gas cooking and electric oven. The cookers come with a variety of safety features, including the flame failure device and the automatic shut-off valves on the gas hob.
These appliances are usually more ex
Selleckchem SR-25990C
Follicular T-cell lymphoma (FTCL), one of the nodal T-cell lymphomas with T follicular helper (TFH) phenotype, is an uncommon disease. The diagnosis of FTCL is challenging on the distinction from the morphological mimics mostly exemplified by follicular lymphoma. Here, we described a case of FTCL that mimicked lymphocyte-rich classic Hodgkin lymphoma (LRCHL). A 47-year-old male presented with cer
genuine leather sofa
How to Tell If a Leather Couch is Real Or Faux
Due to misleading prices and descriptions of products, it’s sometimes difficult to determine whether you’re buying an authentic leather couch. You need to get up close and personal to take a whiff, feel and flip over a couch to look at the back.
For exampl
https://sanfelipe.com.mx/
Trò chơi bài luôn là một hoạt động yêu thích của tín đồ cá cược. Với sự phát triển của công nghệ trực tuyến, trò chơi bài trực tuyến đã trở thành một phần không thể thiếu của tín đồ yêu thích bài. Không chỉ đơn giản là một trò chơi, game bài còn mang đến cho người chơi tư duy và thư giãn vô cùng hiệu quả.
Các trò chơi trò chơi bài như tiến lên luôn thu hút sự quan tâm của người chơi. Với quy
blue african grey parrot
Should You Buy a Grey Parrot?
African grey parrots can form a strong bond with humans. They are intelligent birds. These birds are not recommended for novice pet owners, as they need a lot attention and exercise in order to prevent behavioral or health issues.
In the wild African Greys live in groups of friends and work
SAP HANA® – 360° Introduction – HA100 training course online
Training for HA100 in London An introduction to SAP HANA (r) – 360deg
Welcome to SAP HANA, where data and speed are joined by the latest technology. You’re in the right spot if your goal is to understand the intricacies of SAP HANA(r). The SAP HANA (r) –
JAM TANGAN, JAM TANGAN TERBARU, JAM TANGAN BERMUTU
menanti dalam waktu yang lama , karena di laundry PGSAFTY sudah memiliki jasa WASH AND DRY
2. Apa saja fasilitas yang di berikan oleh Loundry PGSAFTY ?
Selain mencuci , Mereka juga membagikan fasilitas berupa detergen gratis , pewangi gratis , seterika gratis , melipat gratis dan juga metode mencuci bersih dan selesai dalam waktu 1 jam , selain itu Loundry PGSAFTY juga buka
katana
Dans le monde des arts martiaux et des armes blanches, le katana se distingue comme un symbole de puissance et de finesse. Issu du Japon, ce sabre traditionnel incarne l’esprit des samouraïs, alliant beauté et efficacité mortelle. La courbure de sa lame et son équilibre parfait sont autant d’éléments qui fascinent les passionnés d’arts martiaux et d’histoire. Mais le
kijk rond op deze site
In horizontale of verticale richting, bij ADOOR maken we jouw openslaande garagedeuren met glas op maat. Door onze eigen productie kunnen we onze openslaande deuren aanbieden tegen een scherp tarief. Je hebt al een openslaande garagedeur vanaf €2043,70. De panelen bestaan uit 10 mm dik watervast verlijmd multigarantplaat. Deuren tot 2.400 mm hoogte worden in 4 secties, daarboven in meerdere secties. Als je een garage hebt waar je j
http://www.repairmywindowsanddoors.co.uk
Glass Replacement For French Doors
French doors are a great method to let in natural light while still maintaining privacy. You can also make a statement by opening to a large deck or balcony.
Glass in French doors can break and require to be replaced, just l
7 Simple Secrets To Totally Making A Statement With Your Private ADHD Diagnosis private
adhd assessment reading (psychiatrist-in-uk55324.thezenweb.com)
小說 – 席爺每天都想官宣 – 席爷每天都想官宣
漫畫 – 拳皇Ⅻ – 拳皇Ⅻ
第1026章 席氏正宮，蓋然認輸
【軟寶！是我家宇宙至上投鞭斷流純情的軟小寶寶！！！】
南 煙 齋 筆錄 漫畫
【啊啊啊啊我軟寶吃蟬翼的面相好萌！三百六十度發神經截圖！】
【爲此，本日是綢繆來一場吃播嗎？是嗎是嗎？】
【剛放工的我，鬼頭鬼腦點了份紅燒蟬翼……】
跟手阮柒的出鏡，春播間裡的人更是多了初步。
elafibranoragonist
Epidermal growth factor receptor (EGFR)-mutated lung cancer tumors constitutes an important subgroup of non-small cell lung cancer tumors (NSCLC) and osimertinib is administrated as first-line therapy. Nonetheless, many customers with osimertinib treatment eventually relapse within a year. The root systems of osimertinib opposition stay mainly unex
Guide To Replacement Key For Audi: The Intermediate Guide For Replacement Key For Audi Key for Audi
Bismarck welpen yorkshire terrier kaufen
Adopting a Puppy With Separation Anxiety
Damian is a sweet boy who enjoys spending time with his family. He can be anxious when left on his own, and needs an adopter who will work with him.
Request them to greet the puppy calmly and not to hug it too much. This will show him that he doesn’t get attention for his exuberant behavior.
<br
gampaha area lands
At Park Properties, we are going to help and guide you in purchasing the most applicable land in Sri Lanka to match your requirement and finances. Select from our vary of strategically located lands relying on your requirement and budget. I particularly want to prolong my honest because of Ms. Nidusha, who was extremely friendly and supportive throughout the process. Thank you very a lot, Ms. Nidusha, and the complete group at Ganga
cret signals receptor
Further experiments enable deciphering the molecular components fundamental the noticed differences.Our research provides new insights to the biological roles of cN-II and CD73 under tension problems in this specific disease cell range. Additional experiments may help deciphering the molecular systems underlying the observed differences.Tyrosinase is the
case battle
CS:GO Case Battles
CSGO Case Battles are a great method to earn skins. They are a type of CSGO gaming that can be found on a variety of websites.
The basic idea is that players place bets on cases and the amount of skins dropped by them are added up. The player with the highest value wins.
<b
Learn More About Self-Balancing Scooters When You Work From At Home
small electric mobility scooter