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.
find more
Members of the public or community can play a significant role in the development of social innovations. When a social innovation is developed involving a scientific approach and the community, there is the confluence of two fields-citizen science and social innovation. Social innovations can be developed through the employment of design-thinking. In this paper, we advocate design thinking as an approach to marry the
https://www.selleckchem.com/products/3,4-dichlorophenyl-isothiocyanate.html
Results confirmed the predictive role of mathematic competence on some attitude dimensions and showed that also personality traits influenced attitudes toward statistics. However, the observed changes in attitudes during the course were minimally influenced by these factors. Findings suggest that course pedagogy can enhance student
csgo case battle
CSGO Case Battle
Case battles in CSGO are a fun and exciting method to play csgo. It’s safer than gambling and could be profitable if used correctly. To maximize your chances of winning make sure you diversify your case-fighting portfolio by mixing affordable and high-end cases. Be sure to use trusted sites that offer transparency and fair
this website
The partial pressure tool subjected the polymer solution to shear deformation and reduced the molecular coil size. When the concentration of the solution was changed, the degree of change in the molecular structure and the coil size was small, and the influence on the oil displacement effect was minimal. This experiment is of great significance for improving the energy utilization rate. Copyright © 2020 American Chemical
severe ADHD symptoms in adults
ADHD Symptoms in Adulthood
People who suffer from ADHD typically have more issues as they age, particularly those who have difficulties at work, school or in relationships. Providers usually begin by talking about the person’s previous history of hyperactivity, inattention and the tendency t
french door lock repairs grays repairmywindowsanddoors.co.uk
Replacing Bay Window With French Doors
Replacing your bay window with French doors is a beautiful way to create a seamless transition between outdoor and indoor spaces. This home improvement project offers several benefits, including increased natural light, increased accessibility, and a stylish aesthetic.
selleck compound
On the other hand, the high SA group showed lower performance expectations scores than the low SA group, and the level of performance was similar in the two groups. Therefore, the exam confirmed changes in the HR with respect to the SA level, with no significant impact on performance.
Children undergoing total pancreatectomy with islet autotransplantation (TPIAT) for chronic pancreatitis req
https://www.selleckchem.com/products/lipopolysaccharides.html
Diphenylalanine is an amyloidogenic building block that can form a versatile array of supramolecular materials. Its shortcomings, however, include the uncontrolled hierarchical assembly into microtubes of heterogeneous size distribution and well-known cytotoxicity. This study rationalized heterochirality as a successful strategy to address both of these pitfa
read more
The only other relevant depiction of the type from the same period, while less accurate, also differs crucially from the population Irestedt et al. claim that it represents, especially in lacking black spots on the breast-shield. Furthermore, there is a strong historical rationale not only to believe that the type of superba was collected in the Vogelkop, as all contemporary commentators indicated, but also t
il receptor signal
This methodology enables the big scale synthesis of many 1,2-dihydroquinolines with an easy variety of useful teams. Mechanistic studies display that the reduced amount of quinoline is controlled exactly by cobalt-amido collaboration to operate dihydrogen transfer from H3N·BH3 towards the N=C bond of the substrates.We utilize a hybrid fluorescence spec
severe ADHD symptoms in adults
ADHD in Adult Men Symptoms
Men who experience symptoms of ADHD often feel misunderstood. They may be accused as slackers, pranksters or troublemakers.
Men who suffer from untreated ADHD may also experience issues with relationships due to their impulsiveness or forgetfulness. Treatment option
Galunisertib inhibitor
A major factor in the efficacy of oral care delivery are the attitudes of care aides. With the integration of oral health assessment tools into care practices, care staff may learn to recognize oral diseases and determine the oral health needs of residents. Furthermore, oral health professionals should recognize the responsibility they have in supporting care staff throughout geriatric care.Depression is a
ADHD symptoms in adults females
How to Recognize Extreme ADHD Symptoms
People with ADHD feel misunderstood, and they aren’t able to be accepted as a part of the community. This can make them believe that their problems are caused by mental health issues like depression or anxiety, instead of ADHD.
The symptoms of ADHD i
Compound 3 agonist
Preventive chemotherapy with diethylcarbamazine citrate (DEC) and albendazole (ALB) is the core intervention strategy to eliminate lymphatic filariasis (LF). We conducted a large-scale prospective active safety surveillance study to identify the incidence, type, severity, and risk factors for adverse events (AEs) following mass drug administration (MDA) of single-dose DEC and ALB in 10,010
replacement for key fob
Car Key and Fob Replacement – How to Avoid Costly Repairs
You may need to visit an auto locksmith or dealer to program and replace your lost car key fob. You don’t need to spend an excessive amount of money.
The majority of owner’s manuals, along with online videos, show how to reprogram your metal key fob. And some hardware stores al
bedside cots for newborns
Baby Bedside Cot
A crib for your baby (or next-to me crib) is a bassinet type cot that attaches to the mattress’s side. This lets you be able to reach your baby and comfort the infant without having to get up from your mattress. Some models come with an incline feature to ease reflux.
Be aware that you should only sleep with your child in a b
click through the up coming article
Is a Biewer a Yorkshire Terrier Or a Separate Breed?
Many people wonder if the Biewer is a Yorkshire Terrier or a separate breed. While it shares many traits with Yorkies a Biewer can be considered a distinct breed.
This adorable dog is a fan of playing with toys and sticks outside. They
Narożniki
W dzisiejszych czasach, gdy przestrzeń w naszych mieszkaniach staje się coraz cenniejsza, ważne jest, aby każde miejsce było zarówno funkcjonalne, jak i estetyczne. z funkcją spania stają się doskonałym rozwiązaniem, które łączy te dwa aspekty. Nie tylko pozwalają na komfortowe wypoczywanie, ale także stanowią stylowy element wystroju, który nadaje wnętrzu unikalny charakter.
best low profile bunk beds
The Best L Shaped Bunk Beds
The L-shaped bunk bed is a space-saving option that is flexible and has a function. They’re ideal for rooms with kids and can double as a guest room.
Choose a bunk bed that includes a staircase built-in, such as this one from Harriet Bee.
buying an african grey parrot
African Grey Parrot Eggs For Sale
African Grey Parrots are beautiful and intelligent birds. They live for a long time and require a strong commitment to their care. Responsible breeding practices, including careful selection and careful egg incubation, are essential to their w
read more
83.6 mg/L) after surgery, and length of stay (4.9 vs. 6.2 days). Lower complication rates (Clavien-Dindo II-V) were found after rRRYGB (7.3 vs. 22.2%, not significant).
Revisional bariatric surgery using a robotic system is safe. The operative time performing rRRYGB is significantly shorter than rLRYGB in our experience. Otherwise, results were largely compar
this website
This study explored the phytoremediation potential of sunflower on cadmium (Cd) contaminated soils. We also studied the mechanisms through which a plant growth regulator, 5-aminolevolinic acid (ALA) protected sunflower plants from Cd-induced cellular injury. Six-leaf old sunflower plants were exposed to 0.3 g kg-1 Cd for one week and then treated with chelating agents i.e. trisodium (S,S)-ethylenediamine-N,N’-disuccin
see more
Background This cohort study investigated the role of the active matrix metalloproteinase-8 (aMMP-8) and interleukin-6 (IL-6) as oral fluid biomarkers for monitoring the periodontal degeneration occurring in head and neck cancer (HNC) patients treated by radiotherapy. Research design and methods Eleven patients, aged 28-74, diagnosed with HNC were included in the study. Complete periodontal and oral examinations were perfo
9 Lessons Your Parents Taught You About Replace
Panel In Upvc Door replace panel in upvc door
4 seater leather sofas
Four Seat Leather Reclining Sofa – Convenience and Comfort
If you’re in the market for an leather recliner sofa for your home or family you should find one that provides comfort and convenience. To accomplish this, look for one with a headrest that is powered and USB port.
Epicatechin purchase
6%), treatment with sorafenib and surgery/trans-arterial chemoembolization (TACE). Patients who underwent any treatment presented “early recurrences” less frequently, and more extrahepatic metastasis. This unbalanced distribution was included in the propensity score matching, with correct calibration and discrimination (receiving operator curve of 0.81 [CI 0.72;0.88]). After matching, the adjusted effect o
check details
RESULTS 56 individuals were treated for fireworks-related injuries during the study period. The majority of patients were over 25 years of age (64%) and male (77%). Most of the injuries occurred within 7 days of a celebrated U.S. holiday (64%), and 28% were severe in nature. Age, sex, and injury severity did not significantly differ pre and post law passage. The injury rate per 100,000 patients was 39% higher after th
black dual fuel range cooker
Black Dual Fuel Range Cooker
Dual fuel range cookers are available in black and provide control of temperature for gas cooktops, while also providing the consistent heating of electric stoves. Explore our range of options to find the best model for your kitchen.
Gas cooktops are popular with cooks who want to mana
I do not even know the way I ended up here, however I assumed this post
was once good. I don’t recognise who you might be
but definitely you’re going to a famous blogger should you aren’t already.
Cheers!
Feel free to visit my blog post – index
What’s The Job Market For Automotive Locksmith Key Programming Professionals?
automotive Locksmith key programming, maps.google.ae,
GW2580
Collections of Gymnopus sect. Levipedes from the Republic of Korea have been studied. Two new species, Gymnopus dryophiloides and G. brunneodiscus, are described based on their macro- and micromorphological and phylogenetic characteristics. Three other species, referred to as Gymnopus spp. 1, 2, and 3, are distinguished as separate taxa without formal descriptions. Taxonomic and phylogenetic positions of all taxa have been in
find more
7824 × 10-2μM.Whole slide imaging (WSI) has recently received FDA approval for sign out in surgical pathology and some anticipate this to mature into the gold standard. During this transition, it will be important to validate WSI for its intended use. And many studies have validated whole slide imaging by comparing diagnostic accuracy with that of conventual light microscopy (CLM); however, the assessment of histopatholog
Nine Things That Your Parent Taught You About Private ADHD Diagnosis private adhd assessment adult cost
robot vacuums uk
Auto Vacuum and Mop Combos
The top auto vacuums and mops are designed to allow for hands-free cleaning. They’re compatible with smart home systems, set scheduling through apps, and come with virtual boundaries. Some, such as the Eufy Omni X2, dry and wash mop pads after use.
These models are great
bedside crib and cot
Is a Bedside Crib Co Sleeper Right For Your Baby?
If you’re looking to keep your baby close to you for fuss-free feeding at night A crib that is positioned at the bedside is the best option. They are a safe alternative to traditional Moses baskets, and are in line with the official guidelines for safe sleeping from the Lullaby Trust and NHS.
<b
ghost car immobiliser
How to Install a Ghost Immobiliser
A ghost immobiliser is a hidden security device that protects your vehicle from key cloning and hacking. It prevents the vehicle’s engine from starting unless it is started using PIN codes that can be as long as 20 characters.
<b
learn more
Patients receiving regimen B showed a shorter time to achieve normal vital parameters and required less co-medication compared to patients in regimen A that resulted in a shorter median time period to discharge and to achieve a potential outpatient status (6d regimen A and 3-5d regimen B after start of antibody infusion, respectively). This study shows that omitting IL-2 from immunotherapy with DB allows reduced co
hoki311
kalau anda pengin bermain perjudian slots, anda seharusnya coba mencari permainan slots online uang asli bukan yang gretongan. tidak hanya itu anda harus yakini buat dapat cari website biro yang menyediakan permainan slots dengan memanfaatkan uang asli. internet ada begitu banyak opsi yang ada tapi tak seluruhnya tawarkan dengan memakai uang asli. ada sekian banyak perhatian pun lainnya penting diingat dengan teliti satu diantaranya antara lain ialah
閃電與羅曼史21
小說 – 中國特種兵之特別有種 – 中国特种兵之特别有种
漫畫 – 極限X戰警 – 极限X战警
“女兒，老爸不可不要走了，霎時接我的車就會重起爐竈。”
燕破猝瞪大了肉眼，無心地一把拽住了燕實祥的袖子。燕實祥地道分曉地感想到，犬子緊拽住他袖的手在輕飄發顫，之獨自六歲多大的囡，的確是被於今鬧的風吹草動給嚇壞了。
“爸，你要去何地？”
“不能問！”
燕實祥把隨身擁有的錢都塞進來，塞到了燕破嶽的荷包裡：“我既給你老爺、阿婆打了全球通，他們三天后就會從漠河超越來。在這之內，你儘管娘子唯一的漢，你要取而代之老爸體貼好
case battles
CSGO Case Battles
CSGO Case battles are an enjoyable and thrilling way to add an element of competition when opening cases. Cases are opened and purchased simultaneously and the winner will take all of the skins that drop from their boxes of their opponents.
Begin with a modest budget and increase it gradually as your experi
PKM activator
Patients with unilateral deafness and residual hearing on the contralateral ear can benefit from a cochlear implant (CI) on one side and a hearing aid (HA) on the other. However, hearing improvement among these patients is heterogenous. Interindividual differences in bimodal benefit may be caused by a mismatch of CI and HA. The aim of this study was to clinically apply a HA fitting strategy and to evaluate hearing out
click here
The current study evaluates aerobic biodegradation of melt extruded poly(lactic acid) PLA based blends under composting conditions. Samples of neat PLA (NPLA) and bio-based polyblend composites of PLA/LLDPE (linear low-density polyethylene) having different concentration of MCC (microcrystalline cellulose crystal) were analyzed to understand the biodegradation behavior of these blends under simulated composting conditions
ox receptor
MATERIALS AND PRACTICES The test contained 34 volunteers who have been purposefully chosen and then arbitrarily divided in to experimental (n = 16) and control (n = 18) groups. The study instrument included the Self-Compassion Scale and Body Image Concern stock. The self-healing training intervention ended up being done from the experimental team for twelve
Get the facts
A Media Wall With a Bioethanol Fireplace
A media wall with a bioethanol fireplace is an appealing feature in any home. These are typically built into an incorrect wall or stud wall, which enables you to conceal wires and plug sockets so the room looks tidy and modern.
The OKO S2 Bioethanol fireplace ha
mouse click the following webpage
Suzie the Yorkie Puppy
Suzie is a devoted girl who makes a wonderful companion. Suzie is very friendly with all dogs from the large to the small, and she’s also fine with children, but a quiet home is the best for Suzie.
Her coat is in the popular Puppy Cut that makes
Azacitidine
Alternatively, they may be explained by unmeasured differences in early life exposures, or the increased telomere attrition rate during infancy.A rudimentary aesthetic sense is found in the stimulus valuations and cost-benefit decisions made by primitive generalist foragers. These are based on factors governing personal economic decisions incentive, appetite, and learning. We find that the addictive process
robot vacuum uk
Best Robot Cleaners
The iRobot Roomba j7+ is a combination robot that vacuums and mop. It has a washable, self-emptying dock. It has excellent mapping capabilities but struggled to identify objects in our tests.
Its navigation system maps homes and offers easy-to-use feat
wall mounted bioethanol fires
Ethanol Fireplace Wall
A wall-mounted ethanol fireplace supplies a modern and stylish focal point. They are easy to use and preserve and provide supplemental heat without developing smoke or ash. They likewise require very little installation.
Ethanol wall fires are quickly fuele
789Coin slot
Within the fast-paced world of online gaming, finding a reliable platform that combines excitement using the potential for revenue can be the game changer. 789Coin stands out as a premier destination for the two novice and experienced players. Whether you’re drawn in by thrill of the 789Coin casino, checking out the variety of 789Coin slots, or taking
black dual fuel range cooker
Choosing a Range Dual Fuel Cooker
A dual fuel range to your kitchen will improve the value of your home and make it easier for you to entertain. If installed by a professional it requires a gas outlet and an electrical outlet.
The experts at the Good Housekeeping Institute’s Kitchen A