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.
read more
This review aims to showcase the current use of graphene derivatives, graphene-based nanomaterials in particular, in biopolymer-based composites for food packaging applications. A brief introduction regarding the valuable attributes of available and emergent bioplastic materials is made so that their contributions to the packaging field can be understood. Furthermore, their drawbacks are also disclosed to highlight t
robot vacuums uk
The Best Robot Vacuums
The best robot vacuums can pick up fine dust particles as well as other debris that is found on hard floors and low-pile carpets. They also excel at removing larger particles like screws made of metal, Orzo pasta and even pet hair.
Choose
what is a ghost immobiliser
How to Install Ghost on a CentOS Server
Ghost is an open-source blogging platform that’s free. It is easy to use and comes with a wealth of features that make it easy to manage your content.
To start, execute this command in the terminal. This will install the core files for Ghost and also create the blog locally.
Y
PF 429242 chemical structure
systems for predicting metastatic PCC/PGL may be improved by incorporation of histopathology, clinical data, and germline and somatic tumor markers.Diabetes mellitus (DM) is a multisystem disease that affects millions of people worldwide. The vascular and cardiac effects of DM have been well-studied, but little is known about the prevalence of musculoskeletal (MSK) conditions in patients with DM. This
The main reason why it’s always a lot better that one can significant researching preceding doing. You’ll be able to share improved page using this method. b52club
CP21
Nanoparticulate titanium dioxide (Nano-TiO
) has been widely used in food industry, and it has been demonstrated to have adverse effects on mice and human stomach, but its mechanism is rarely concerned. The aim of this study is to determine the effects of nano-TiO
on the stomach and confirm the role of oxidative stress and apoptosis in the mice gastric damage caused by nano-TiO
replacement car key with fob
How to Find a Replacement Car Key With Fob
You will not have to worry about replacing your keyfob with an additional key. Also, check your car-insurance policy, club memberships, or extended warranty to determine if they cover key fobs.
<b
Soffit And Fascia Repair greenwich repairmywindowsanddoors
Why You Should Leave Fascia and Soffit Replacement to the Professionals
If soffit or fascia are damaged or exhibit signs of wear and tear, homeowners must immediately contact professionals to repair them. These outdoor elements are crucial for attic ventilation and gutter installation.
best fridge freezer
The Very Best Brands For Fridges
Whether you’re purchasing a brand-new refrigerator or changing an old one, it’s crucial to choose a brand name that’s reputable and provides plenty of functions. Consider aspects like wise performance, ice dispensers and energy effectiveness scores to make the right option.
Spending plan will also play a function in
PK11007 supplier
In case of a mass-casualty radiological event, there would be a need for networking to overcome surge limitations and to quickly obtain homogeneous results (reported aberration frequencies or estimated doses) among biodosimetry laboratories. These results must be consistent within such network. Inter-laboratory comparisons (ILCs) are widely accepted to achieve this homogeneity. At the European level, a great effort
AZ32
The prolactin inducible protein (PIP) is expressed to varying degrees in more than 90% of breast cancers (BCs). Although high levels of PIP expression in BC has been shown to correlate with better prognosis and patient response to chemotherapy, some studies suggest that PIP may also play a role in metastasis. Here, we investigated the role of PIP in BC using the well-established 4T1 and E0771 mouse BC cell lines. Stable expressio
Selleck Sumatriptan
001). For cases of grade 1-2 disease, older patients had a higher proportion of the luminal B subtype (49% vs. 30%, p=0.014). Age≥75 predicted for inferior OS (HR=3.06, p<0.001). The luminal B subtype predicted for inferior OS (HR=2.12, p=0.014), RFi (HR 5.02, p<0.001), and LRR (HR=3.12, p=0.045). There were no significant differences in individual gene expression between the two groups.
CP21
Nanoparticulate titanium dioxide (Nano-TiO
) has been widely used in food industry, and it has been demonstrated to have adverse effects on mice and human stomach, but its mechanism is rarely concerned. The aim of this study is to determine the effects of nano-TiO
on the stomach and confirm the role of oxidative stress and apoptosis in the mice gastric damage caused by nano-TiO
leather sofas for sale
Buying a Leather Chesterfield Sofa
When you hear chesterfield sofas, you’re probably thinking of a luxurious leather sofa with elegantly rolled arms. These sofas aren’t just famous and are synonymous with class, but they are also comfortable and durable.
The quality of the Chesterfield sofa is determined by the quality of its construction. The best ones a
DEG-35 nmr
Measures of lung function are heritable, and thus, we sought to utilise genetics to propose drug-repurposing candidates that could improve respiratory outcomes. Lung function measures were found to be genetically correlated with seven druggable biochemical traits, with further evidence of a causal relationship between increased fasting glucose and diminished lung function. Moreover, we developed polygenic scores for lung
buying an african grey parrot
African Grey For Sale
African greys are intelligent birds that mimic many words. They are among the most sought-after pets of birds.
They need to be able to have regular human contact, and they must spend long periods of time outside their cages. They will become part
ro-3306 inhibitor
The patients showed dysmorphic features and developmental delay with evident intrafamilial phenotypic variability. Mutual non robertsonian translocation is a rare occasion, and has perhaps not already been reported in clients with 22q11.2 deletions. The device in charge of this unusual types of translocation is discussed herein.Gentile F, Martino M, Santangelo L, Giordano
Selleck CADD522
CONCLUSIONS FI, which is extensively used in geriatrics and gerontology but it has rarely been used in relation to mental health, may be of relevance in the evaluation of age-related phenomena associated with psychiatric diseases. V.BACKGROUND Ras and Rab interactor 1 (Rin1) is predominantly expressed in memory-related brain regions, and has been reported to play an important role in fear memory. Increased expressi
goethe institut zertifikat
Goethe Certificate
Goethe certificates are internationally recognized German tests for German language. The levels correspond to the Common European Framework of Reference for Languages.
The Goethe-Zertifikat B2 exam is for adults and young people who want to confirm their advanced level
genuine leather sofa
Why Buy a Real Leather Sofa?
A leather sofa is an eye-catching feature for any room. People who are looking to buy furniture made of leather are attracted by the natural imperfections and colors. Always check the leather before buying a sofa.
Pricing and labels can provide a clue however the best way to
20 Fun Facts About Car Accident Attorneys Car Accident Lawyer No Injury
french door lock repairs gloucester repairmywindowsanddoors.co.uk
Choosing Replacement French Door Hardware
French doors are a beautiful addition to any home. They are a beautiful feature for any home.
It is less expensive to replace or add French doors that are already in an opening than to create a new opening, which woul
wall hung ethanol fireplace
The Benefits of a Wall Hung Bioethanol Fireplace
Ethanol wall mounted fireplaces are an excellent method to add a trendy centrepiece without the need for a chimney. They are easy to use and need very little maintenance.
There are a broad range of designs to pick
severe ADHD symptoms in adults
Symptoms of ADHD in Adult Women
While boys and men are more frequently diagnosed with ADHD however, girls and women are also susceptible to it. But persistent stereotypes, referral biases internalized symptoms and comorbidities can make it more difficult for them to be properly assessed and treated.
These strategies can be unhealthy and not sustainabl
grey african parrot
African Grey Parrot For Sale – Zuri
Zuri is searching for his perfect home
Parrots require a lot of human contact and stimulation. If you are unable to provide this, then a Grey is not the best choice for you.
Stress and depression can caus
https://glazier-crouchend.co.uk
From Timeless to Contemporary: Glazing Methods That Transcend Time
Worldwide of architecture and style, fads come and go. What was when in vogue and thought about cutting-edge can rapidly become obsolete and inaccessible. Nonetheless, there are particular strategies and elements that stand the test of time and remain to be appreciated and admired across generations
replacement electronic car key fob
Car Key Fob Replacement and Programming
If your car’s key fob is broken or damaged, it’s essential to understand the different options available for replacement and programming. Some fobs can be programmed without a vehicle being present. Other programs must be completed at the dealership.
<
Hello would you mind letting me know which hosting company you’re utilizing?
I’ve loaded your blog in 3 different internet browsers and I must say this
blog loads a lot faster then most. Can you recommend
a good internet hosting provider at a reasonable price?
Thank you, I appreciate it!
Also visit my website :: Look At This
visit the next post
Best Robot Vacuum and Mop Combos
Robot vacuums and mops are becoming more capable. They pass our cleaning tests, and can handle different floors. Choose models that permit you to select between a variety of modes, self-empty and clean stairs.
Many of the best models work with your smartphone. Look for an app that allows you to save maps,
4 seater leather settee
4 Seater Leather Corner Sofa
A four-seater corner sofa is eye-catching and can command the center of attention in any living room. It looks great with a variety of decors, from warm neutrals like cream cushions and off white wool rugs to cool gray table lamps and metallic accents.
I
4 Seater Sofa Leather
4 Seater Brown Leather Sofa
Leather sofas are a classic design for any living room. It will last for a long time with the proper treatment. Its kiln-dried and engineered hardwood frame ensure long-lasting durability.
The frame is made of birch hardwood, which is warp-resistant. It has a seat cushion m
CH5126766 cell line
The effects of sodium hexametaphosphate (SHMP) addition on the dispersion and hydration of calcium aluminate cement were investigated, and the relevant mechanisms discussed. The content of SHMP and the adsorption capacity of SHMP on the surface of cement particles were estimated using plasma adsorption spectroscopy and the residual concentration method. The rheological behavior of hydrate, ζ-potentia
selleckchem
Research on the genetics of domestication most often focuses on the protein-coding exons. However, exons cover only a minor part (1-2%) of the canine genome, whereas functional mutations may be located also in regions beyond the exome, in regulatory regions. Therefore, a large proportion of phenotypical differences between dogs and wolves may remain genetically unexplained.
what is a ghost immobiliser
Ghost 2 Immobiliser Installation Near Me
More and more vehicles are being stolen by cloning devices that copy your car keys without having the original keys. This innovative CAN-immobiliser protects your vehicle from this kind of crime. It generates a PIN code using buttons on the steering
this website
The emergence of the drugs targeting epigenetic alterations has brought an optimistic outlook for cancer patients and probably put an end into the devastating effects of the disease. Given to the prominent involvement of histone deacetylase (HDAC) enzymes in the formation of neoplastic nature of acute promyelocytic leukemia (APL), this study was aimed to evaluate the suppressive effect of pan-HDAC inhibitor panobinosta
what is a ghost immobiliser
Ghost 2 Immobiliser Installation Near Me
More and more vehicles are being stolen with cloning devices which can copy your car keys without having the original key fobs. This innovative CAN-immobiliser guards your vehicle against this type of crime. It generates a PIN number by pressing buttons on your steering wheel, door panel and the centre console.
<b
ADHD in adult men symptoms
ADHD Symptoms in Adult Men
Men with ADHD may have issues in their home and work lives. They may start but never finish their work and are troubled with their moods.
A thorough evaluation will consider many factors, such as a person’s education and career and personal relationships, and their
learn more
Reproducibility was obtained in the range of 2.5-10% (RSD). Hierarchical clustering analysis (HCA) and principal component analysis (PCA) were successfully employed, showing suitable discrimination of all studied filaments and the non-polluted air. Besides, air spiked with vapors of the most representative VOCs were analyzed by the optoelectronic nose and visually compared to each filament. The described study shows t
what is it worth
What Is a Bedside Crib?
A bedside crib is an infant cot in the form of a bassinet which is attached to the headboard or side of your bed. It allows you to keep your baby close so they can be fed and comforted without fuss. These are great for new mothers recovering from C-section.
It’s impor
Repair My Windows And Doors
The Importance of Fascia and Soffit Repair
The soffit and the fascia boards shield the edges of rafters and trusses on your roof from water damage. They also help support the gutter system. A roofing professional should inspect any damage to the roof structure.
The soffit and fascia are typi
Selleckchem ML-SI3
High expression of lncRNA-ATB was significantly correlated with poor prognosis for most DSCs. The expression level of lncRNA-ATB could be a promising prognostic biomarker for DSC patients.
High expression of lncRNA-ATB was significantly correlated with poor prognosis for most DSCs. The expression level of lncRNA-ATB could be a promising prognostic biomarker for DSC patients.The CHADS2 and CHA2DS
best fridge freezer brands
Leading 5 Fridge Brands in the UK
SMEG is understood for its high-quality fridge freezers, with elegant designs that will make your kitchen stand apart. They likewise use a large variety of colours and surfaces to select from.
According to Statista, Beko
Source
Bismarck Yorkshire Terrier Puppies
Yorkies are smart, energetic and confident. They are a good choice for those who live in apartments or travel with their pet.
The ownership of a Yorkshire Terrier could come with many expenses including grooming and food to regular veterinary visits and vaccinations. The average pet owner spends approximately $18,615. This estimate incl
ghost car immobiliser
Ghost Installations Reviews
The Ghost Immobiliser is a sophisticated device that prevents vehicle thefts by keyless entry. It connects to the car’s security network CAN and requires a PIN code to activate. It can be used in conjunction with an alarm that is standard or on its own, and is simple to transfer from vehicle to vehicle.
Sodium oxamate
Intensive endurance exercise may induce a broad spectrum of right ventricular (RV) adaptation/remodelling patterns. Late gadolinium enhancement (LGE) has also been described in cardiovascular magnetic resonance (CMR) of some endurance athletes and its clinical meaning remains controversial. Our aim was to characterize the features of contrast CMR and the observed patterns of the LGE distribution in a cohort of
인터넷카지노
바카라 전문가들이 검증한 국내 바카라 사이트, 카지노 사이트, 온라인 바카라 사이트
안전하고 검증된 바카라 사이트를 소개합니다.
바카라 사이트
바카라 사이트는 전문적인 검증 단계를 통과하고 그 과정에서 누락되지 않은 업체만 선별합니다.
온라인 바카라
해결해야 할 질문이나 요구 사항이 있습니까? 또한 검증이 필요한 사이트가 있다고 생각하십니까? 문의사항은 언제든지 남겨주세요! 성심성의껏 답변드리겠습니다.
<b
case battles
CS2 Case Battles
A CS2 Case Battle is a mode of play that allows players to play their favorite games with an added twist. It is a contest where participants wager their cases and the amount of the items they remove determines the winner.
This feature is only accessible on third-party websites and i
bedside crib and cot
Bedside Crib Or Co-Sleeper
Essentially, a bedside crib is a cot that resembles a bassinet that fixes to your bed and allows you to be close to your baby during evening feedings or to help calm them back to sleep. These are especially useful for mothers recovering from C-section births.
<b
learn more
Wortmannin (Akt Inhibitor) induced a significant reduction of Akt mRNA; however, there was no statistical difference between the amodiaquine-treated group and the control group suggesting that amodiaquine may not be the active stimulant of Akt. Western blot analysis confirmed that the phosphorylated Akt decreased significantly in the amodiaquine group compared to the control group. In the same vein, we found th
best made bunk beds
Shoppers Looking For the Best Full Size Bunk Beds
When shopping for the best bunk beds for full-size, buyers should consider a variety of factors. Height, capacity for weight, design, and color are all significant aspects to consider.
The most comfortable full-size bunk beds come with a twin-over-twin configuration that allows child