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.
best l shaped bunk beds
The Best Bunk Beds For Small Rooms
Bunk beds are an excellent option for siblings in small rooms, but they can also be beneficial for kids who share a bedroom. Look for one with a sturdy ladder and plenty of room under the bunk to store things.
Consider the materials wood
bedside crib or cot
bedside co sleeper for babies (or next-to-me crib) is a bassinet type cot that attaches to the side of your mattress. This lets you touch your baby and soothe your child without getting up from your bed. Some models come with an inclined feature to ease reflux.
Remember, you should only sleep with your baby in a crib, bassinet or bedside crib if th
remote hoover
Robot Vacuum That Vacuums and Mop
Robot vacuums that also mop with navigation tools make their way around your home, suctioning pet hair, crumbs, and dirt from carpets with low pile and hard floors. Some have features such as boundary strips that prevent the robot from entering rooms you don’t want to go into and some even climb (slowly) up stairs.
<
brands of refrigerator
What Are the Best Fridge Freezer Brands?
When searching for the very best fridge freezer brands, you’ll wish to think about brand credibility and energy ratings. Search for models with features that can assist keep your costs down, like a top or bottom freezer or clever connectivity.
oil painting
brands of fridge
Top Brands of Refrigerators
A fridge can be a significant purchase. If you’re purchasing a brand-new one, brand name reputation can be a crucial consideration.
GE provides a number of fridge-freezer choices, consisting of compact models that are good for dormitory or smaller urban cooking areas. This bran
overal
smad inhibitor
An elevated Ca/P proportion was associated with increased tiredness/fatigue (p less then 0.01), while a decreased Ca/P had been involving gastrointestinal problems (p = 0.01). Conclusion Phosphorus and calcium consumption appear reduced in HPP customers along side reduced complete energy consumption. Particularly high as well as low absolute or unbalanced
Narożniki
Wybór idealnego narożnika do naszego wnętrza to nie lada wyzwanie. W erze, gdy design łączy się z funkcjonalnością, narożniki z funkcją spania stają się coraz popularniejszym rozwiązaniem. To meble, które nie tylko zachwycają estetyką, ale także wspaniale sprawdzają się w codziennym użytkowaniu, oferując wygodę i dodatkowe miejsce do spania dla naszych gości.
Narożnik mo
best low bunk beds
Best Childrens Bunk Beds
Bunk beds are a great option for bedrooms that are shared. They can also be a great way to save space and give a stylish look to the room. The best bunk beds for children are stylish, sturdy and practical, along with the appropriate safety features.
The ladder is bent to make
emergency gas repairs
Geothermal A/c: The Renewable Energy Source That Maintains Your Home Comfortable
At our company, Geothermal a/c, we are committed to providing home owners with efficient and sustainable heating, air conditioning, and ventilation services. Our group of experts counts on taking advantage of the power of renewable resource sources, particularly geothermal energy, to make sure homes are kept com
visit the next website page
ONext, away a price chart on the stock. If your price plunged, there is possibly a strong reason for that to have happened. If ever the price is increasing having a rapid rate, it is actually a result with the hype generated by the mail project. You may want to give the stock in the future or months to pass the time from firearm control promotion before you buy.
LAPTOP MURAH, LAPTOP BERKUALITAS, LAPTOP TERBAIK
Laundry PGSAFTY yaitu usaha nan aktif di bidang jasa cuci busana atau pun perlengkapan lain nya , dengan memperhatikan jasa mentok pada setiap konsumen jasa kami , dengan menolong para konsumen jasa kami agar dapat merawat kualitas bahan konsisten elok
Laundry PGSAFTY ada visi misi yang di antaranya :
VISI :
Menjadi Perusahaan Jasa Laundry kompeten yang
Repair My Windows And Doors
Repairing Soffit and Fascia Boards
Fascia boards, which are made primarily of wood, will rot over time. If they are treated correctly, they will last a long time.
If your fascia boards are showing signs of rot or if the paint is peeling, you should call a roofer to fix your fascia and so
Snowball Weed , Snowballs Weed , Snowball Weed Strain , Snowball Moonrock , Snowball Weed For Sale
Table Of Content
What is snowball weed?
What are snowballs weed?
What is snowball weed strain?
How snowball weed is made
How to smoke snowball weed
<b
CASINO King33
The Lofty bonus is merely available into the players in which regular casino lovers and visit them quiet normally. These players are great good players and have reached to troubles performing senior marks. Higher the status as a gambler the more these casino bonuses are around for the sites. These cover larger percentage of extras.
Ro
Gas safety certificate buckingham
Why You Ought to Only Use an Experienced Business Heating Engineer
When your main heater malfunctions, you need skilled and certified experts to help you out. We can link you with Gas Safe registered heating engineers in Buckingham that can diagnose any issue and repair it at a time hassle-free to you. They will make your home and household safe and will guarantee that the job is do
https://ivahk.blogspot.com/
找到自己在債務重組的離合器可以非常壓力和經驗那是隔離。常數關心財務可能會掩蓋每一個元素生活，但是很重要知道有途徑準備接受使您能夠在這個地形中瀏覽這當然是難的。在這篇具體文章中，我們將探索四個關鍵原則：特定的自願計劃（IVA），信用卡債務減免產品（DRP），破產現實，因此不斷發展的融資景觀。通過了解這些選項，你能夠圖表一個程序邁向經濟復甦。
讓我們從個人自願安排（IVA）。iva只是協定這當然是正式使個人談判一個有組織的付款計劃利用他們的債權人。這個佈置通常會持續為了五年和讓你償還分享的債務依據你一切能夠買得起。中的一個主要的優點iva通過更多破產的嚴重後果，提供恢復的選擇控制財政在製作時可行的付款就是這樣保護你。通過選擇此路徑，有可能致力於無債務議程那是清晰的地方。
接下來，我們看債務減免計劃
ldk378 inhibitor
In this review, we discuss which molecular procedures lead to phenotypic heterogeneity in DNA restoration and look at the prospective consequences on genome stability and characteristics in germs. We further inspect these ideas within the framework of DNA harm and mutation induced by antibiotics. © 2020 The Author(s).CTNN
Howdy! I could have sworn I’ve been to your blog before but
after browsing through some of the posts I realized it’s new to me.
Anyhow, I’m definitely delighted I came across
it and I’ll be bookmarking it and checking back often!
Feel free to surf to my web blog … Go Here
hoki 311
mesin slots online betul-betul jadi salah satunya tipe atau category perjudian online yang paling membahagiakan sekali. beberapa keuntungan besar sudah pasti begitu simpel sekali buat diraih pada permainan yang satu berikut. argumen mesin permainan slots diminati oleh beberapa bettor sebagai permainan yang membahagiakan salah satunya!
1. bonus jekpot besar
bonus serta keuntungan tergolong bo
Buy Colombian cocaine
The internet features made it much easier than ever in order to buy cocaine online. There are web sites and social mass media apps whose sole purpose is to be able to connect drug customers with their dubious substances of choice. Whether it’s health professional prescribed painkillers, sedatives or perhaps synthetic drugs — such as the popular innovative psychoactive substances (NPS) – the collection of choices is vast.
Sinatra macaw for sale near me
What You Should Know Before Making a Macaw Purchase
Macaws are expensive, so it’s important to budget for their initial cost of setup and years of care. You may also want to consider rescuing a pet instead of buying one from a pet shop or breeder.
Purchases in bulk c
ADHD symptoms adult female
Signs and Symptoms of ADHD in Adults
Many people with ADHD also suffer from mental health issues, such as depression and anxiety. These problems can make it harder to identify ADD symptoms.
The American Psychiatric Association changed the name of the condition to “attention-deficit/hyperac
french door repairs torquay Repair My Windows And Doors
French Door Glass Replacement Inserts
The type of door glass in your home plays an important role. It enhances the curb appeal of your home, welcomes you in and lets in natural light.
Your door may contain glass that covers the entire do
ADHD symptoms adult female
Attention Deficit Disorder in Adults
Adults with attention deficit disorder can be difficult to diagnose and treat. Therapists can help by examining the signs and root causes, and then teaching the patient how to structure their lives and behavioural changes, and offering medication if necessary.
<br
case battle
Case Battle in CS:GO
A case battle is a thrilling way to open cases and play against other players. It adds excitement and fun to the routine of purchasing a case and opening the lid and obtaining whatever is inside.
You can create a private battle area for you and your fellow pla
See What In Wall Ethanol Fireplace Tricks The Celebs Are Utilizing
in wall ethanol fireplace (Jane)
great site
What Does a Gas Engineer Do?
A gas engineer is responsible for the setup, evaluation and upkeep of gas appliances. They also ensure that these devices adhere to safety guidelines. They should have a relevant certification and be registered with the Gas Safe Register.
A great gas
recommended site
Bioethanol Wall Mounted Fire
Wall-mounted bioethanol fireplaces are ‘plug and play’ and can be suited less than an hour. All they need is clean-burning bioethanol fuel and a few simple steps.
They can be mounted on a wall, or recessed into a recess. They typically consist of a burner box, fuel tank, and moun
Pretty! This was an extremely wonderful article. Many
thanks for supplying these details.
Feel free to surf to my web-site – Paito Warna HK
french door repairs taunton Repair My Windows And Doors
Install a French Door Lock to Prevent Burglars From Getting Through
French doors look gorgeous in any home, but they can be a tempting target for burglars if they are not secured properly. To prevent this make sure you install a lock on your door to help keep your family and belongings secure.
<
https://glazier-finchleycentral.co.uk
Bring back the Elegance of Old Windows: Revealing the Magic of Glass Repair Service
At Bring back the Charm of Old Windows, we recognize the appeal and style that old windows offer a home or building. These windows are not just functional but likewise hold historic and architectural relevance. However, in time, these windows may start to show indicators of damage, compromising both their
female african grey parrot
A Scooper Parrot For Sale – Zuri
Zuri is a friendly and intelligent African grey parrot. He is looking for an equally amazing home to be a part of the lives of.
Vendors in Togo were surveyed and reported that Grey parrot parts, which included heads and entire birds
visit this hyperlink
A Gas Certificate In Buckingham Township Is A Legal Requirement For Landlords To Check Their Gas Appliances And Flues On An Annual Basis
A gas certificate is a legal requirement for landlords to check their residential or commercial property’s gas devices and flues on an annual basis. This will ensure that they are safe to u
similar website
How to Choose the very best Fridge Freezers
GE fridge freezers get leading marks from reviewers for their sturdy construct, temperature regulation and frost-free design. This avoids the freezer developing ice, conserving area and effort when defrosting.
It’s also freestanding, which gives it
via
Treatment For Adult Addictive Disorders
For many people suffering from ADHD, stimulant medications are the first therapeutic choice. Together with psychosocial treatment they can reduce the majority of ADHD symptoms.
Finding the right dosage, schedule and medication is a process of trial and error. It is essential to communicate with your doctor frequently, particularly at
anhydrase signal
An essential component of the medical treatment could be the handling of highly aversive opiate withdrawal signs, that might usually lead to resumption of medicine using. In a medication-assisted treatment (pad), methadone and buprenorphine were implemented as replacement medicines. Despite MAT effectiveness, there are limitations and unwanted effects of using me
Marta Mini Yorkshire Terrier Kaufen
Adopting a Puppy With Separation Anxiety
Damian is a sweet little boy who loves spending time with his family. However, he is stressed when left alone. He requires a patient adopter who is willing to assist him.
If family or friends come over If you have guests over, ask them to gently greet the puppy but not reach down to pet him.
more helpful hints
Gutter and Fascia Board Replacement Near Me
The fascia boards connected to the roof rafters at their edges endure a beating. They are exposed to the sun, wind, snow, and rain. In time, they might need to be replaced.
If the facia is damaged, a professional soffit and facia repairer can assist. T
get more info
How to Fix Common French Door Repair Problems
French doors can add a touch of elegance to your home. They’re also a great fit for period homes.
They’re also simple to keep. It’s best to clean them regularly with a mild soap solution.
Like any door, they are prone to being
christmas, lights, christmas lights, christmas lights installation
Seasonal Pressure Washing: Why Spring Cleaning is Essential
As the chill of winter fades and the days grow longer, many homeowners embrace the annual tradition of spring cleaning. While most people focus on decluttering their homes, deep cleaning carpets, and organizing garages, there’s one crucial task that often goes overlooked: exterior cleaning.
add in adults treatment
Adult Treatment For ADHD
Adults with untreated ADHD often face problems in their careers and relationships. They also have a greater risk for certain mental health conditions, such as anxiety and mood disorders which include alcohol abuse.
Treatment options can help those with ADHD get back control of their lives and make use of their unique strengths. M
債務舒緩費用
導航地球債務重組可以感覺就像經常走過霧 – 不確定和艱鉅。那你實際上選擇幫助清除街如果您目前應對財務困難，這是需要理解。本文將探索處理債務的三種重要方法：個人自願安排（IVA），債務減免產品（DRP）和破產。通過了解這些替代方案你可以做領導的明智選擇盡可能多更好未來這當然是金融的。
了解個人自願計劃（IVA）
iva 真的正式兩者之間的合同你和你的債權人可以製定還款計劃那是有組織。它通常持續少於六個年是量身定制你的獨特情況那是貨幣。您將合作通過破產那是經認證誰能協商您的條款代替。清單鑰匙好處IVA來自債權人到付款期的法律訴訟那保護你。完成IVA後，剩下的任何不安全的債務通常是註銷，為您提供板岩那是新鮮重建您的
best metal bunk beds
The Best Detachable Bunk Beds
A bunk bed transforms the bedroom into an adventure for children. utilize them to stay in, race their toys down the slide, and play with their toys. The most detachable beds can also adapt to the changing needs of kids and can be converted into twin beds once they reach adolescence.
<
thor311
Satu diantara permainan yang sekarang semakin popular dan banyak digandrungi banyak bettor yaitu judi online sbobet. Mengapa begitu? Kemungkinan sebab ada nilai tambah yang ada di dalam web sbobet itu sesungguhnya. Barangkali untuk sejumlah besar dari anda memanglah sedikit memahami dan tahu akan semuanya itu serta benar-benar semua dibutuhkan wawasan yang lebih jauh buat dapat tergabung. Mustahil anda masuk kalau benar-benar anda sendiri benar-benar t
4-in-1 bedside crib
Why Mums Love a Bedside Crib
Bedside cribs are bassinet-style cot that fixes securely to the bed’s side. It can be rotated so that moms can easily reach their child during the night to feed and relaxing.
Some, like the SnuzPod allow you to tilt your baby in order to help with reflux and colic. Use this fe
bedside co sleeper
Bedside Crib With Wheels
A bedside crib is a cot with a bassinet style that can be placed next to your bed for a hassle-free nighttime feeding or a relaxing night’s sleep. They’re also ideal for mothers recovering from an o-section.
MFM home testers were awed by how modern and simple the crib appeared. I
bedside co sleeper
Choosing a Bedside Cot for Twins
Newborn twins sleep best when close to one another However, it’s crucial to adhere to the safe sleep guidelines. The proper crib arrangement will help your twins develop a consistent sleeping routine.
A double bassinet that has a divider is a great option for tw
best budget robot vacuum cleaner
Best Robot Vacuums and Mop Systems
This robot vacuum-mop is a good option for flat dwellers, because it takes the trash away in its own bin, and also uses an incredibly small docking station. The app lets you set different modes and monitor cleaning, plus the mopping function is impressive.
It