by

Department Store Industry

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.

187,158 thoughts on “Department Store Industry”

  1. selleck chemicals llc
    ntly, stepwise linear regression was used to correlate these parameters with anthropometric characteristics. This enabled the development of a population-based model using anthropometric characteristics to predict the volume of distribution and the rate of clearance. This is a necessary first step in the development of a model to quantitate of glucagon secretion and action (and its contribution to glucose tol

  2. Azacitidine DNA Methyltransferase inhibitor
    Head immobilization devices with skull pins are commonly used by neurosurgeons to stabilize the head for microsurgical techniques and to maintain accurate intraoperative neuronavigation. Pediatric patients, who may have open fontanelles, unfused sutures, and thin skulls, are vulnerable to complications during placement in pins. We review the various methods of pinning in pedia

  3. https://glazier-greenwich.co.uk
    Do It Yourself Window Fixes: Straightforward Solutions to Common Home Window Issues

    At DIY Window Repair works, we recognize that having a well-maintained and practical window is necessary for the convenience and security of your home. Nevertheless, windows are susceptible to wear and tear in time, and property owners usually encounter numerous problems varying from breezy home windows to busted gla

  4. selleck compound
    01). The clusters had no indirect effects on the relation between CSA and ASA. These findings revealed several factors that may be linked with increased risk for sexual victimization.The right to health under the human rights-based approach and health capability paradigm can be used to identify whether health-related resources are allocated in a way that health inequities are being reduced among indigenous peoples t

  6. see more
    Cancer cell heterogeneity can manifest genetically and phenotypically. Bioinformatics methods have been used to analyze complex genomics and transcriptomics data, but have not been well-established for analyzing biophysical data of phenotypically heterogeneous tumor cells. Here, we take an informatics approach to analyze the biophysical data of MDA-MB-231 cells, a widely used breast cancer cell line, during their spontaneo

  7. https://telegra.ph/Khám-Phá-Cổng-Game-RikVip-Thiên-Đường-Giải-Trí-Đỉnh-Cao-12-10-7
    Trong thế giới giải trí trực tuyến ngày nay, cổng game RikVip đã nổi lên như một điểm đến không thể bỏ qua cho những ai yêu thích trải nghiệm chơi game đầy thú vị. Với sự kết hợp hoàn hảo giữa đa dạng loại hình game, giao diện thân thiện và hiệu suất hoạt động ổn định, RikVip đã thu hút hàng triệu người dùng tham g

  9. BP-1-102 STAT inhibitor
    Seizures represent a common and debilitating complication of central nervous system metastases. The use of prophylactic antiepileptic drugs (AEDs) in the preoperative period remains controversial, but the preponderance of evidence suggests that it is not helpful in preventing seizure and instead poses a significant risk of adverse events. Studies of postoperative seizure prophylaxis have not shown substanti

  10. PI3K inhibitor
    Organizational (NH) and individual (RN) efforts must be made to enhance RNs’ intention to stay because individual factors can change after implementing efforts such as providing educational programs, promotional opportunities, and forming a positive resident safety culture at an organizational level.

    Organizational (NH) and individual (RN) efforts must be made to enhance RNs’ intention to stay bec

  11. selleck chemicals llc
    Substantial research on natural products and herbal medicines and their potential in novel antiviral drugs are discussed. Furthermore, to control contagious viral infections, i.e., to reduce the viral load on surfaces, current strategies focusing on biomimetic anti-adhesive surfaces through nanostructured topography and hydrophobic surface modification techniques are introduced. Biomaterial surfaces function

  12. leather 4 seater chesterfield sofa
    Semi PU Leather 4 Seater Sofa Review

    The contemporary Semi PU Synthetic Leather Sofa set is a beautiful choice for any living room. Keep it looking brand new by a weekly dusting using an electrostatic feather brush, and a regular application of Leather Honey leather conditioning.

    A durable sofa can be easier to care for than leather,

  13. in the know
    Which Fridges Brands Are Right For You?

    Whether you’re a techie who longs for advanced features or somebody wanting to make a design declaration with your fridge, there’s a brand that’s right for you. Selecting the finest refrigerator can assist you keep your food fresh and healthy for longer.

    <

  14. click here
    The information evidences that drug loading and release may trigger phase transitions in hydrogels non-intended to be drug-responsive (i.e., a priori not analyte-responsive networks). A better knowledge about the effect of the drug on the responsiveness is a required step forward for the clinical application of smart hydrogels and may also unveil novel uses of the stimuli-responsive DDS. Feasibility of fused deposition modeling in 3D printin

  15. river edge bingo online
    Handling emotions right after an one-night have can be complicated, since the experience can bring up a variety of feelings. It’s important in order to understand and deal with your emotional reaction to the come across, whether you feel positive, uncertain, or even disappointed later. Here are several methods to navigate your own emotions in the hea

  16. this website
    Results show that substitution of G. morhua and S. solea is not restricted to restaurants, but occurs in other parts of the supply chain, warranting for more stringent controls along the supply chain to increase transparency and trust among consumers.Human exposure to aluminum (Al) mainly occurs through food intake. However, influences of Al on the gastrointestinal tract have been rarely reported. In particular, the eff

  17. Enpp-1-IN-1 molecular weight
    In this review, we included the updated knowledge on the main features of currently available in vivo and in vitro models as well as their strengths and weaknesses.

    By adulthood, gender inequalities in health and wellbeing are apparent. Yet, and nature of gender inequalities during childhood and adolescence are less clear. We describe the emergence of gender inequalities in heal

  18. https://www.selleckchem.com/products/momordin-ic.html
    It is necessary to optimize tigecycline dosage regimens in patients with hepatic or renal impairment in order to maximise clinical response and minimise the probability of exposure-related toxicity.

    It is necessary to optimize tigecycline dosage regimens in patients with hepatic or renal impairment in order to maximise clinical response and minimise the pr

  19. Vorinostat manufacturer
    The majority of evidence indicates that exposure to war and other traumatic events continue to have negative impacts on health across the life course. However, existing research on health effects of war exposure primarily concentrates on short-term impacts among veterans in high-income countries sent elsewhere to battle. Yet, most wars situate in lower- and middle-income countries, where many are now

  20. Silmitasertib in vivo
    The application of high-performance chromatography with fluorescence detection (HPLC-FLD) with and without derivatization processes and high-performance chromatography with electrochemical detection (HPLC-ED) techniques for the analysis of various drugs in biological samples for TDM have been described less often. Before chromatographic analysis, samples were pretreated by various procedures-most

  21. ratu311
    melaksanakan taruhan buat permainan permainan slots pastilah butuh untuk melihat beberapa hal. masuk di dalam agen judi slots online untuk memperoleh bermacam keuntungan tinggi. keberlangsungan serta kelonggaran untuk taruhan akan terus-menerus dapat kamu peroleh. umumnya semua ini jadi keamanan suatu taruhan.

    ada banyak sekali bonus keuntungan yang sebenarnya disodori sama agen sah slots online. semuanya

  24. https://www.selleckchem.com/products/afuresertib-gsk2110183.html
    active compounds have been isolated and tested for their biological activity, and studies to explain their mechanism of action are nearly inexistent. Furthermore, some pharmacological studies have inappropriate methodologies that make the results difficult to interpret. Consequently, further in-depth and relevant research is required to supplement the k

  25. Bax apoptosis
    7 × 10-2 to 2.39 cm·s-1). The result suggests that the membrane permeability can be greatly promoted in the physiologically relevant environment with low-level LPO, and more importantly, clarifies the contributions of both the hydrophobicity of the membrane interior and the structural feature of solutes to such enhanced permeability. This work may provide significant insight into the toxic effects of nitroaromatic molecules and

  26. https://www.selleckchem.com/products/azd1390.html
    The peripancreatic HMO with severe fibrosis can occur duodenal stenosis, and it is mimicking periampullary cancer. However, the preoperative diagnosis of spontaneous HMO is difficult, and a diagnosis confirmed after surgery.

    Herein, we described our experience of managing a rare case of duodenal stenosis due to spontaneous HMO involving peripa

  27. Masitinib ic50
    Further investigations are warranted to understand the interaction between Campylobacter and S. aureus, and effective intervention strategies are needed to reduce the incidence of both foodborne pathogens in retail meat products.Osteoporosis is a global health problem for ageing populations. The goals of osteoporosis treatment are to improve bone mineral density (BMD) and prevent fractures. One major obsta

  28. Cấu tạo cửa gỗ chịu lửa
    Giúp kéo dãn dài hơn thời gian kháng cháy trong vòng 60 phút, hay 90 phút, hoặc 120 phút hoặc có thể thọ rộng. Các phụ kiện như khóa, bản lề, tay đẩy hơi, thanh bay hiểm, hít cửa, ngăn cửa ngõ, khóa từ, mắt thần,… là phụ khiếu nại tất nhiên, yêu cầu quý khách hàng hàng chọn chủng loại tương thích nhằm Cửa Hàng chúng tôi báo giá tiền chất lượng nhất. Kết cấu cửa gỗ chống cháy 2 mẫu cửa ngõ mộc công nghiệp kháng cháy phổ biến là

  29. GSK650394 manufacturer
    ROC analysis was completed to compare scores with VFSS results.

    One hundred eight subjects with mean age 7.1 ± 0.5 months were included. Pedi-EAT-10 and I-GERQ-R were correlated (r = 0.218, P = 0.023) in all subjects and highly correlated in the 77 subjects who had prior VFSS (r = 0.369, P = 0.001). The blue spell questions on I-GERQ-R had relative risk 1.148 (95% con

  30. U0126
    The effect of PAP therapy on chronic non-headache pain was found to be inconclusive. When examining the three studies that did not involve chronic pain patients, PAP therapy effectively increased pain threshold and tolerance in two studies (p = 0.03 and p = 0.01).

    An association exists between PAP therapy and decreased chronic headache outcomes in patients with OSA. Additionally, research

  31. https://www.selleckchem.com/products/ly3039478.html
    ea covers the ERM area, postoperative ERM formation can be prevented.

    Epiretinal membrane formation does not affect visual function significantly when the area of ILM peeling is larger than the parafoveal area. When the ILM peeling area covers the ERM area, postoperative ERM formation can be prevented.

    To describe the incidence of subretina

  32. Senaparib concentration
    Myocardial ischemia/reperfusion (MI/R) may impair cardiac functions. Dexmedetomidine (DEX) is protective in various clinical cases. Therefore, this study investigated the role and mechanism of DEX in MI/R. The myocardial infarct size, apoptosis, and levels of myocardial enzymes, SOD, ROS, Ca2+, and inflammatory factors in DEX-treated MI/R rats were measured. Differentially expressed microRNAs (miRs) in DEX

  33. mirnadatabase
    We’ve developed a publicly readily available, user-friendly finance calculator (PredictAAT) that allows the minute calculation of predicted baseline AAT levels in customers displaying elevated CRP amounts that makes up certain AATD genotype. There was a need to increase understanding of the importance of multiple determinati

  34. selleck chemicals
    In the second session, participants were eager to use applications for their greater interactivity, individualized health monitoring, and personalized medication information. The third session, participants shared preferred features (i.e. drug interactions, tracking symptoms) after using two applications at home for 2 weeks. Conclusions Older adults are engaged and can be proficient mobile technology users. Text

  35. case battles
    CS:GO Case Battles

    The csgo feature of battles is a brand new and exciting way to play the game. It allows players to compete in a chance-based game which the winner receives all the items that are not boxed. The winnings are then transferred to the Steam account of the player or traded.

    To participate in an CSGO case battle, you must select the number of cases and

  37. selleck compound
    Lung squamous cell carcinoma (LUSC) and lung adenocarcinoma (LUAD) are the two major subtypes of non-small-cell lung cancer (NSCLC). This study aimed to compare mRNA and circRNA expression patterns between LUSC and LUAD. Cancer tissues from 8 LUSC patients and 12 LUAD patients were collected to obtain mRNA and circRNA expression profiles. The differentially expressed mRNAs (DEmRNAs) and circRNAs (DE-circRNAs) between LUSC

  39. find more
    It is worth noting that G-Rh1 not only inhibits the secretion of Nox1 and Nox4 in kidney tissues, but also has an inhibitory effect on inflammatory factors and NF-[Formula see text]B signaling pathway. Importantly, further in-depth research on molecular mechanisms provides vital evidence that the ameliorative effect of G-Rh1 on DN is related to the inhibition of apoptosis and the AMPK/PI3K/Akt signaling pathway. In summa

  40. https://yamcode.com/
    Most players don’t think their money when it boils down to gambling, they think of the money they’re gonna be win. Big mistake, when your winning is inspired by how long you usually stays in recreation. Lose your money fast and your winning chances go in addition to it.

    If an individual

  41. mizoribine inhibitor
    Threat stratification by both D816V KIT mutation and RUNX1-RUNX1T1 MRD status will provide a platform for decision-making or risk-adapted therapeutic approaches.Xylan is a significant variety of hemicellulose who has attracted plenty of study and development tasks. It’s derivatized so that you can enhance its properties. Into the literature, hydrophobic modification of polymer

  42. Fungame棋牌，Fungame電子游戲，Fungame老虎機，Fungame捕魚機，
    Fungame 電子遊戲大揭秘：種類與樂趣詳述

    引言

    在現代娛樂生活中，電子遊戲早已成為許多人不可或缺的休閒方式。隨著技術的不斷發展，電子遊戲不論在畫面、玩法還是互動性上，都有了革命性的突破。Fungame 作為一個新興的電子遊戲平台，以其豐富多樣的遊戲種類和無盡的樂趣，吸引了廣大遊戲愛好者的目光。 Fungame棋牌，Fungame電子游戲，Fungame老虎機，Fungame捕魚機， ，讓您在享受遊戲的同時，還能享有更多額外利益。

    電子遊戲種類

    動作遊戲

    <b

  44. learn more
    We investigated the extent to which the facultative air-breathing fish, the striped catfish (Pangasianodon hypophthalmus), uses air-breathing to cope with aquatic hypercarbia, and how air-breathing is influenced by the experimental exposure protocol and level of hypercarbia. We exposed individuals to severe aquatic hypercarbia (up to Pw CO2  = 81 mmHg) using step-wise and progressive exposure protocols while measuring gill ventilat

  45. Enfortumab vedotin-ejfv nmr
    Results indicated oncofusion-specific alterations in gene expression levels, and lower expression levels of components of key cellular pathways, in particular signal transduction and transcription regulation. The sum of results suggests that kinase and transcription factor oncofusions deregulate cellular signaling, possibly via acquiring novel functions.The cool sensor transient receptor

  46. XMU-MP-1 manufacturer
    5 mm, 0.5-1.0 mm and 1-2 mm), and two colors (blue and white) of MPs displayed positive correlations with some potential pathogens, including Vibrio, Pseudomonas, Bacillus and Streptococcus, but exhibited negative correlations with an environmentally friendly bacterial genus, Sphingomonas (which degrades various hazardous organic compounds), indicating that MPs might increase the potential ecological risks of

  47. https://glazier-greenwich.co.uk
    The Beauty of Glass Remediation: Transforming Damaged Surfaces right into Works of Art

    At The Elegance of Glass Restoration, we concentrate on changing broken glass surface areas right into sensational artworks. Our team of highly proficient experts is devoted to bring back the elegance and beauty of your glass, whether it is a beneficial vintage or a modern-day piece of art. With our expert restora

  48. find more
    ible by facilitating coordinated intersectoral action both at national and local level. Funding for HiAP is crucial for its propagation, especially in low- and middle-income countries (LMICs) and can be considered in the budgetary allocations for SDGs.

    Generic drug prices have been capped at specified percentages of the interchangeable branded drug’s price by the Canadian provincial public drug pla

  49. RMC-7977 in vitro
    rcular empyema surgery.Chondrosarcomas are rare cartilage-like mesenchymal tumors. Some rib-sited tumors can mimic other common tumors. We present the case of a 24-year-old female with chondrosarcoma of the fourth left rib, mimicking breast cancer. Complete resection with chest wall reconstruction was performed successfully with good prognostic results. Physicians should bear in mind the possibility of a primary

  50. EGFR targets
    These platforms could overcome the limitations of conventional screening approaches, thereby facilitating the discovery of more optimal drug combinations to improve the therapeutic ratio of combinatorial treatment. The use of better and more accurate models and methods with rapid turnover can thus facilitate a rapid translation in the clinic, hence, resulting in a better patient outcome. Here, we reviewed the clinical observa

Leave a Reply

Your email address will not be published. Required fields are marked *