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.
KURSI, KURSI ROTAN, KURSI SANTAI
menanti dalam waktu yang lama , karena di laundry PGSAFTY sudah memiliki jasa WASH AND DRY
2. Apa saja fasilitas yang di berikan oleh Loundry PGSAFTY ?
Selain mencuci , Mereka juga memberikan fasilitas berupa detergen gratis , pewangi gratis , seterika gratis , melipat gratis dan juga metode mencuci bersih dan selesai dalam waktu 1 jam , selain itu Loundry PGSAFTY juga buka dengan durasi
what is the best brand for refrigerators
The Very Best Brands of Refrigerators
There’s nobody finest brand of fridge. But according to CR’s laboratory and study information, GE, Bosch, Whirlpool, and KitchenAid fridges are long lasting and dependable.
GE has standard French door and side-by-side designs, as well as mod
duel fuel cooker
Sonic Direct Offers a Wide Selection of Dual Fuel Range Cookers
Range cookers will be one of your largest investments in your kitchen. Therefore, it is crucial to select the right model. Sonic Direct offers a wide range of top-quality designs from trusted brands including Belling and Rangemaster.
Dual fuel range cookers blend a gas stove and an electric oven, allowin
Airmoto,Airmoto Review,Airmoto Reviews,Airmoto Order, Buy Airmoto,Airmoto Inflator,Airmoto Inflate,Airmoto Car,Airmoto Car inflation,Airmoto Inflate Car Tire
Airmoto has taken the world of tire inflation by storm, positioning itself as an essential tool for any vehicle owner. Whether you’re on the road or preparing for your next adventure, this innovative tire inflation device offers unparalleled convenience and efficiency. With the rise in demand for quick
Ognian Bozarov
<p style="box-sizing: border-box; margin: 0px 0px 1em; line-height: 1.5; color: rgb(0, 0, 0); font-family: Roboto, sans, sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; w
How To Outsmart Your Boss On Beige Sectional Sofa apartment size Sectional sofa (https://sofasandcouches46395.wizzardsblog.Com/28523880/how-to-create-successful-Blue-Sectional-sofa-techniques-from-home)
central heating engineers buckingham
Landlord Gas Safety Certificate in Buckingham
As a landlord, you have legal responsibilities to ensure that gas home appliances and pipeline work are safe. This should be done annually by a certified Gas Safe engineer and a gas safety certificate (CP12) will be provided.
<br
newborn bedside cot
How to Choose the Best Bedside Cot uk
Both the NHS and Lullaby Trust have issued official safe sleeping guidelines that suggest that infants sleep in their own Moses basket or cot. A crib that is placed near the bed is a practical and space-saving option for parents who live together.
Mumsnetters love this co-sleeper because it’s spacious w
Narożniki
Narożniki to meble, które łączą w sobie funkcjonalność i estetykę, stając się centralnym punktem każdego wnętrza. Ich wszechstronność sprawia, że doskonale sprawdzają się zarówno w małych kawalerkach, jak i w przestronnych salonach. Oferują wiele możliwości aranżacyjnych, a ich odpowiedni wybór może całkowicie odmienić charakter pomieszczenia.
W ostatnich latach dużą popularnością cie
https://mozillabd.science/wiki/Nepotul_liderului_comunist_Todor_Jivkov_pe_piaa_imobiliar_din_Romnia_Ognian_Bozarov
Designul proiectului a fost realizat de Adest Architecture Alexandru Urzică scris 7 mai 2020 Omul de afaceri Ognian Bozarov, d
cheltenham fascia and soffits Repair
Soffit and Fascia Replacement Companies Near Me
The roof edge of a structure isn’t complete without soffit and fascia. They protect the roof edge against moisture as well as animals and water.
A damaged fascia can cause a lot of damage due to the fact that it allows moisture to
mln4924 inhibitor
OUTCOMES Two customers with attenuated, symptomatic LALD had resolution of transaminitis on enzyme replacement treatment without concomitant influence on dyslipidemia despite dosage escalation and no proof antibody response to chemical. CONCLUSION Enzyme replacement treatment will not
Suggested Resource site
Bioethanol Fires Wall Mounted
A bio ethanol fireplace is an elegant alternative to an electrical or gas fire. It is fueled by liquid bio ethanol and doesn’t produce smoke, odor or ash. It’s easy to set up and can be up and running within an hour.
Bioethanol fireplaces can be recessed into the wall or mounted on it
恐龙大战争 爱善超人
小說 – 我有一個詭王朝 – 我有一个诡王朝
漫畫 – 恐龍大戰爭 愛善超人 –
田佳佳單做題,一邊盤弄權術上的紅繩。
紅繩是她和男朋友以來一切去求的,能綁定他倆的機緣,也能讓他倆具備心頭反射一碼事的才具。
即若歡早就早她一年進村大學,去了正南,她和他也不妨議定這紅繩感觸交互的念。
田佳佳求證過,是的確有效,愈來愈是紅繩見血的時間,她和他甚或能明明白白的聽見兩端的實話。
陰物的影響讓他們不經意了這間的怪模怪樣,心被掩瞞,只浸浴在陰物帶回的實益中。
case battles
CS:GO Case Battles
CSGO battles are an excellent opportunity to get rare skins. The crucial factor to win is knowing the odds for each case tier and taking part in a variety of cases. Remember to manage your budget.
A Csgo battle is a game that takes place on case-opening websites. Participants open a numb
The 10 Most Terrifying Things About Auto Accident Lawyer Near Me car accident attorney lawyer (Branden)
adults adhd treatment
ADHD Goes Undiagnosed and Untreated in Adults
In adults in adults, untreated ADHD can result in various issues. These include chronic lateness, difficulty keeping track of time and impulsive behaviors. It can also cause unstable relationships and job loss.
Fortunately, ther
KURSI, KURSI ROTAN, KURSI SANTAI
Laundry PGSAFTY ialah Bisni yang bergerak di bidang jasa cuci pakaian atau pun perlengkapan lain nya , dengan mencermati pelayanan maksimum pada setiap konsumen pelayanan kami , demi membantu para konsumen jasa kami agar dapat melindungi kualitas bahan senantiasa elok
Laundry PGSAFTY ada visi misi yang di antaranya :
VISI :
Menjadi Perusahaan Jasa Laundry Profesional
simply click the next website
Why Choose High-Quality Factory-Made Pallets?
Pallets are the unsung heroes of warehouses and logistics, facilitating efficient distribution. They also ensure the safety and organization of shipments by reducing cargo damage and enhancing the efficiency of handling.
Pallets of high-quality are made using precision, and ar
french door glass replacement
How to Repair French Doors
French doors can be a stylish method of connecting outdoor and indoor spaces. However, they may face issues over time, which require immediate attention for both security and function.
Common problems include the misalignment, sagging and warping of the door’s frame a
bio ethanol fireplace wall mounted
The Benefits of a Wall Hung Bioethanol Fireplace
Ethanol wall mounted fireplaces are an outstanding way to add a stylish centrepiece without the need for a chimney. They are easy to use and require very little upkeep.
There are a large variety of designs to choose from.
what are the symptoms for ADHD in adults
ADHD in Adult Women Symptoms
Women with ADHD can struggle to get the help they need. The symptoms can be treated by medication and therapy.
The symptoms can include restlessness, difficulty managing daily tasks and deadlines, forgetfulness and impulsiv
company directory
When Scott learned of those he immediately attempted to take the company current stay away from the personal liability. Yet it was inside its final stages. He had done the work when this manufacturer was not in good standing. The die was cast. This meant that Scott could sued personally for the damages. By acting for a corporation not in good standing Scott was not protected the particular entity an
nagano tonic powder
✔️Nagano Tonic Official Website: 🔥 nagano-tonic-reviews.shop/ 🔥
Within the wellness this is certainly present, increasing numbers of people have started to look closely at their real conditions, and fat loss is just about the common objective of numerous individuals.With the emergence of varied fat burning items in the marketplace, Nagano Tonic has transformed into the leader of s
visit this website link
Is a Dual Fuel Mini Range Cooker Right For You?
A dual fuel range cooker offers a versatile heat source to the kitchen. The gas hobs with a responsive design are ideal for grilling steaks and charring peppers, while the electric ovens regulate temperatures precisely, perfect for baking cakes.
The Good Housekeeping Institute’s Kitche
top fridge freezer brands
Good Housekeeping Recommends the Best Fridges to Buy
A top quality refrigerator is among the most important kitchen home appliances you can buy. shopping writers reviewed the current designs to advise the finest fridges for your home.
Smart fridges include advantages like internal cameras and apps t
What’s The Current Job Market For Gas Safe Register Duplicate Certificate
Professionals? gas Safe register duplicate certificate, http://www.Xremit.lol,
Don’t Make This Silly Mistake When It Comes
To Your Squirt Dildos Cum filled Dildos (minecraftcommand.science)
automatic vacuum
Features of an Automatic Vacuum Cleaner and Mop
A robot mop and vacuum is a convenient method of cleaning your floors. These machines can keep your floors spotless when you’re away and are perfect for floors with hard surfaces.
The Dreame X40 is the best mop and vacuum cleaner that we’ve ever tested and has ascended our cleaning tests by demonstratin
visit the next website
A Wall Mounted Bioethanol Fire
A wall mounted bioethanol fire is a fantastic method to add a stylish and safe feature to your home. It is simple to install and can be hung at eye level or higher for a centerpiece. It also doesn’t require a chimney or ventilation.
Before s
wall mounted ethanol fireplace
Ethanol Wall Fireplace
Ethanol wall fireplaces can be installed inside or outside the home. They are sustained by liquid bio ethanol and burn without smoke, odor or ash.
They do supply extra heat to a room. The amount of heat produced differs depending on the design of fireplace you pick.
B
wall mounted ethanol fireplace
Bioethanol Fires For Media Wall
Wall mounted bio ethanol fireplaces require correct website preparation and mindful assembly. Follow all producer guidelines for fueling, ignition and flame control.
Whether developed into a media wall, a bookcase or included in an existing recessed location, these fires include design flair and atmosphere
The Most Worst Nightmare About Truck Crash
Attorney Relived commercial truck accident attorney (Edmundo)
gas engineer buckingham
Gas Safe Engineers in Buckingham
Lots of homeowner hire gas safe engineers to service their boilers and to provide them with a Gas Safety Certificate. This is a legal requirement for landlords.
About 250 homes are without gas after a primary broke i
automated vacuum
Robot Vacuums – A Convenient, Hands-Free Cleaning Solution
If you have a tough floor home and find vacuuming an effort, then a robot cleaner can be a great aid. They’re generally quiet and easy to maintain. You just need to empty their bins regularly.
10 Factors To Know Regarding 2 In 1 Pushchair You Didn’t Learn In School 2 in 1 pushchair with car seat
hollywood online betting
Your feelings about the particular potential for an informal encounter turning in to something more happen to be a crucial consideration in shaping your current approach to seeing and physical intimacy. Understanding your psychological boundaries and anticipations can help direct how you handle these situations, whether you’re ac
authentic PTE certificate, authenticated PTE Certificate without exam, Benefits of a PTE Certificate, best dealers of PTE Certificate, Buy Genuine PTE Certificate, English Proficiency exam, how can i get PTE Certificate for free, how can PTE Certificate help me, How Can The PTE Test Help You Fulfill Your Dreams, How Is The PTE Test Different From TOEFL and IELTS, how much does PTE Certificate cost, how to buy PTE Certificate without exam, how to downloa
Огнян Бозаров
Omul de afaceri Ognian Bozarov, despre care presa bulgară a scris că este nepotul lui Todor Jivkov
<p style="
duel fuel cookers
Dual Fuel Range Cooker With 13amp Plug
Are you a home chef who appreciates the nimble heating control of gas cooktops but wants an electric oven to bake? Find a dual fuel cooker that offers the best of both worlds.
Many home chefs with experience prefer gas cooktops for their superior temperature co
heating engineer buckingham
Skills You Need to End Up Being a Boiler Engineer
Boiler engineers supervise, maintain, and operate temperature level and ventilation systems for centers or plants. They may also change these systems as needed and address issues or repair work worn-out devices. They must have strong problem-solving skills and be able to deal with groups of other professionals.
<br
glucocorticoidrecep signal
A core needle biopsy from 1 of the liver lesions revealed poorly differentiated sarcomatoid carcinoma for the gallbladder. He was considered to possess stage IV disease and deemed not to ever be a surgical prospect. Palliative chemotherapy was planned; nonetheless, therapy ended up being never started as a resul
4 seater leather settee
A Leather 4 Seater Sofa Is a Great Addition to Modern Or Traditional Living Rooms
A leather four-seater sofa is a wonderful option for traditional or modern living rooms. Some come with a sleeper, offering luxurious comfort during the day and a comfy guest bed at night.
more info here
Hamlin Candle Arch French Bulldog
Frenchies have a very limited life span and are prone to a myriad of health issues. This includes breathing problems, eye problems and skin conditions.
This paper demonstrates that it is possible to breed French bulldo
Welpen Französische Bulldogge Kaufen
Do Your Research Before You Buy French Bulldog Puppies
Frenchies are a very popular dog breed that is often surrendered by owners. Adopting a Frenchie can save lives and prevent the issue from getting worse.
It is crucial to understand the health risks of this breed and its care require
newborn bedside cot
Bedside Sleeper Cot
A bedside sleeper (also called a bassinet) is attached to the side of a bed, so that your baby can be close enough to eat at night while still being safe in their own bed. Our mothers appreciate that they are simple to reach and that they can also rotate or lower the sides to m
Get Source
The Best Triple Bunk Beds
Triple bunk beds are perfect for families with three kids or for those who love to host sleepovers. They can save space and let the kids be together. Many of these beds can be split into twin beds.
The classic standard triple bunk is a marvel of efficiency, w
Why Leather Sofas Is Relevant 2023 faux leather sofa set [Eleanor]
csgo case battles
CSGO Case Battle
CSGO Case Battle allows players to compete against each other in an exciting game mode by buying boxes and opening them. It allows between two and four players to participate in the game and the winner gets all the items that were opened.
This
dual fuel range cooker
Dual Fuel Range Cooker With 13amp Plug
Are you a home cook who appreciates the responsiveness of gas cooktops, but requires an oven to bake in? Discover a dual-fuel range cooker that offers the best of both worlds.
Gas cooktops are preferred by m