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.
leather modular sofa
Leather Vs Fabric Sofas
When you are buying a leather sofa it is crucial to choose a good quality. In contrast to sofas made of fabric that are a bit more difficult to clean and is resistant to staining.
Leather furniture also looks upscale and authentic. To keep leather soft and supple, it is advised to use leather conditioner at least twice a year.
<b
20 Questions You Should Always To Ask About Fridge
Freezer To Buy Before You Buy Fridge Freezer To Buy buy fridge freezer
https://88online.luxury/
A compulsive gambler generally complain of lack of cash or the foreclosure of money, mounting bills left unpaid, extreme borrowing of cash from many or even from their own retirement plan, or burdened with debts. There are also others who overdraw from their credit s.
First of all, solely allowed set an ambition on what quantity of money to triumph in. If
slot asia
If you are seeking for a exclusive holiday vacation place that combines gaming and luxurious, Hilton Ponce Golf & Casino Vacation resort is for you. Found just minutes from downtown Ponce, this vacation resort has a whole lot to provide vacationers of all forms. Nonetheless, numerous may well speculate how the resort is ready to accommodate all forms of vacationers. Let us search at some of the pros and negatives of being at Hilton P
At this time it seems like Expression Engine is the best blogging platform available right now.
(from what I’ve read) Is that what you are using on your blog?
Look at my site – additional reading
https://www.instapaper.com/p/15488502
atavi.com/share/x0hir7z5s222 is just not the ideal subject to consider to wrap your mind all around although when you use what exactly we have tutored you, it really should not be that demanding for you to actually figure it out. You’ve acquired a wide assortment of objects to take treatment of nevertheless the most essential stage of all is that you learn your fundamentals. What know is not the only
wyciszanie ścian
W dzisiejszym świecie, pełnym hałasu i zgiełku, coraz więcej osób poszukuje sposobów na stworzenie komfortowej przestrzeni w swoich domach. Wyciszenie ścian staje się istotnym elementem aranżacji wnętrz, który pozwala na poprawę jakości życia i odpoczynku. Często nie zdajemy sobie sprawy, jak duży wpływ na nasze samopoczucie mają dźwięki otoczenia. Dlatego warto zastanowić się
relevant web-site
French Bulldog Puppies
Frenchies are dogs with low maintenance requirements that require moderate grooming and exercise. They are ideal for apartment dwellers, and they make wonderful pets for the family.
Keene kaufen französische bulldogge because they are brachycephalic,
treatment for adhd in adults
Treatments For ADD – Drugs and Counselling
Treatment options for ADD include counseling and medication. Both are important to test to determine which is more effective.
People with classic ADD tend to be inattentional and unorganized, as well as hyperactive. They l
kaufen oder adoptieren
For Sale Puppies
The compact body, unique bat ears and smushed-in faces of the french bulldog have captured many hearts. However, owning one is a major commitment that can be accompanied by substantial cost.
To avoid pitfalls, look for a reputable source and be prepared for th
ghost immobiliser review
Ghost 2 Immobiliser Near Me
Autowatch Ghost is an immobiliser that safeguards your vehicle from the latest forms of car theft. It connects directly to the vehicle data network, without key fobs or LED indicators. To start the vehicle, you need to enter a unique PIN code.
click the next page
Case Battle for Counter Strike Global Offensive (CS:GO)
Case battle is a brand new way to open cases and compete against other users. It adds excitement to opening boxes and increases the chances of unboxing valuable items. You can organize an online battle and invite friends to compete against one another. The winner receives all skins from the other players case.
4 seater leather sofa uk
White Leather 4 Seater Sofa
White sofas are timeless and contemporary and provide the perfect backdrop for any decor. They are suitable for informal and formal spaces and can also be dressed up with throw pillows. They brighten up the space and can open it up naturally. White couches are easy to clean and can be styled again and again.
fascia and soffits Repair lowestoft
Fascia and Soffit Repair Costs
The appearance of dents, rot, or cracks in the soffit and fascia material could indicate that they need to be replaced. These materials are crucial in protecting the edges of your roof from water damage.
Fascia boards can be constructed from PVC or
Address Collection Tools To Facilitate Your Life Everyday 링크모음
(Edythe)
Learn What Car Key Cut And Programed Tricks The Celebs Are Utilizing new
car key cut – Denice –
https://dripwinter.com/
Mainkan sebuah perjudian sebagai salah satunya soal yang paling dikenali oleh seluruhnya orang. Manalagi pada kurun now saat ini nih pastilah seluruh orang sudah tahu semuanya model permainan hebat serta melawan itu. Dengan kian majunya era ini maka makin berkembangan permainan yang berada pada internet itu bukan. Maka semuanya orang ataupun penduduk ini sudah punyai aspek kebahagiaan loh. Nach ada model permainan seperti judi online
black 4 seater leather sofa
4 Seater Leather Sofa Clearance
Bring elegance to your living space by putting in a leather sofa. Pottery Barn has a variety of styles and sizes that will fit any space.
The wood frame that is kiln-dried on this piece makes it a sturdy option for everyday use. It is a classic design that is c
5 meo dmt online
In the ever-evolving landscape of psychoactive substances, 5-MeO-AMT holds out as being a lesser-known yet intriguing substance. Often relegated to be able to the fringes regarding discussions about psychedelics and research substances, this substance provides garnered attention regarding its unique results and complex chemical profile. In this particular blog site post, we will certainly look in
french door glass replacement lewisham
How to Estimate the Cost of French Door Replacement
Are you seeking a simple way to open up your home and let in more natural light? Think about installing new French Doors.
Choose energy-efficient materials. Fiberglass is more durable than vinyl, however wood has a beautiful appearance.
holistic treatment for adhd
Natural ADD Treatment
Many people suffering from ADD believe that medication is the only method to treat their condition. However, stimulant drugs can cause serious adverse effects and aren’t suitable for everyone. There are a variety of natural methods to manage the symptoms of ADD, such as inattention, lack of focus and procrastination. Exe
bioethanol fireplace wall
A Wall Bioethanol Fireplace – A Stylish Centre-Place For Your Home
A wall bioethanol fireplace is a user friendly, stylish centre-piece for your home. Just pour the clean-burning ethanol fuel into the burner( s), fire up with a fire lighter, and take pleasure in the dancing orange flames and extra he
Therapeutic massage for pain relief Auckland
Therapeutic massage can be a holistic practice that is useful for centuries to advertise physical and emotional well-being. Unlike a simple relaxation massage, restorative massage is designed to target specific issues in the human body, for example chronic pain, muscle tension, and stress. of massage therapy integrates various techniques to treat ailments and improve all arou
Game bài online
Trong thời đại công nghệ số, game bài online đã trở thành một phần không thể thiếu trong cuộc sống giải trí của nhiều người. Với sự phát triển mạnh mẽ của internet, người chơi giờ đây có thể tham gia vào những trò chơi này mọi lúc, mọi nơi. Năm 2025 hứa hẹn sẽ mang đến nhiều cập nhật thú vị và những xu hướng mới trong thế giới game bài online, với những thông tin chính xác và nổi bật nhất sẽ được cập nhật tại đây.
<b
ghost immobiliser review
Autowatch Ghost Immobiliser
The well-known Ghost Immobiliser provides your vehicle with a high level of protection against key cloning hacking, theft and hacking. This TASSA verified system remains undetectable to thieves and prevents them from starting your vehicle.
This device is silent and
uPVC Soffits And Fascias
UPVC Fascia and Soffit Installation Near Me
The soffit and fascia are essential components of the roofline, offering protection for areas of the home that are exposed to the elements. They can affect the appearance of a home when they’re damaged or discoloured.
New uPVC gutters and fascias e
Nissan Micra Key Replacement Tools To Improve Your Everyday Lifethe Only Nissan Micra Key Replacement Trick That Everybody
Should Be Able To nissan Micra Key replacement
PAYUNG, PAYUNG ANTI BOLONG, PAYUNG MURAH
Laundry PGSAFTY melambangkan usaha nan aktif di bidang jasa cuci busana atau pun perlengkapan lain nya , dengan mencermati servis maksimum pada setiap konsumen pelayanan kami , dengan menolong para pengguna jasa kami agar dapat melindungi kualitas benda tetap bagus
Laundry PGSAFTY memegang visi misi yang di antaranya :
VISI :
sebagai Perusahaan Jasa Laundry ahl
over here
Reconditioned Dual Fuel Range Cookers
A range cooker is an excellent addition to any kitchen. It doesn’t have to be expensive. Reconditioned dual range cookers that use fuel are a great option for those who want to save money without compromising quality.
These appliances combine the advantages of gas and electricity cooking into one powerful appliance. However, this type
small leather couch
Leather Sofas – A Classic, Timeless Addition to Your Home
A leather sofa is a classic and timeless addition to your home. It can raise the bar for style in a room, bringing an appearance of luxury and elegance.
It’s also durable, though it’s susceptible to stains and scratches. Real lea
look what i found
Travel Cot Bedside
A travel cot bedside is designed to provide a secure and comfortable sleeping space for your baby when away from home. They can be utilized in hotels, at friend at their homes or even when camping.
The travel cot has an integrated bassinet for infants and has a drop side that can b
4 seater brown leather sofa
How to Choose a 4 Seater Leather Sofa Recliner
The Maiden Home Varick is a leather sofa with a chic and sturdy design. This reclining sofa is a bit firmer however its sturdy construction and down-blend cushioning make it worth the cost.
<b
bedside crib co sleeper
Choosing Between a Baby Bedside Co Sleeper and a Bassinet
New parents face many choices when it comes to sleeping arrangements for their newborn. Some parents may consider co-sleeping which the AAP cautions against due to suffocation risk. Others want to be in a position to reach their child to change diapers or feeds during the nig
UWURL.nl
Onze glaszetters in Rotterdam staan zo snel mogelijk bij u voor de deur. Of het nu ochtend, middag, avond of nacht is. Wij durven te stellen dat wij altijd een oplossing voor uw probleem hebben. Of het nu gaat om enkel glas, dubbelglas, HR++ of meer specialistisch glas, wij kunnen altijd voor een oplossing op maat zorgen.
<div style="border:black do
http://topspeed.lv/user/errorfox90/
Cá cược thể thao đang ngày càng trở thành một thú vui phổ biến, đặc biệt trong bối cảnh các giải đấu thể thao lớn diễn ra liên tục. Trong thế giới đầy hấp dẫn này, Cá Cược Thể Thao 247 đã khẳng định được vị thế của mình như một điểm đến lý tưởng cho những ai đam mê đặt cược. Với một nền tảng giao diện thân thiện và dễ sử dụng, trang chủ Cá Cược Thể Thao
bulldogge kaufen
Buy French Bulldog Nearby
French Bulldogs are small muscular dogs that captivate all who they meet. Their signature bat ears and expressive eyes are a joy to behold.
They are easy to train and enjoy playing with their families. As brachycephalics they are incapable of cooling themselve
小說
– 萌寵獸世：獸夫，麼麼噠！ – 萌宠兽世：兽夫，么么哒！
漫畫 – 適應器2 – 适应器2
?黑龍跌入的碩大無朋暗影將冉冉迷漫。
她懸停小動作，擡頭展望，看看黑龍的利爪朝我抓來！
小八大喊大叫：“快跑！”
但黑龍的速度太快，轉眼就一經到了款前，就在她要被招引的一下，一條黑色藤蔓猛然間伸至，纏住放緩的褲腰，不竭以後拖拽！
慢慢吞吞被拖得一個踉蹌，差點跌個梢蹲。
她心急如火將禹天的屍骸進款長空裡。
禹天付之一炬後，慢慢騰騰的千粒重在突然減輕，霎時間就被灰黑色藤條拖到星塵身邊。
黑龍
earlebusinessunion.com
kingranks.com/author/shrineblade73-1797547/
yogicentral.science/index.php?title=websterreese0921
Trong thế giới giải trí trực tuyến ngày nay, Typhu88 nổi lên như một trong những nhà cái hàng đầu, thu hút hàng triệu người chơi với những trải nghiệm thú vị và cơ hội trúng thưởng hấp dẫn. Với giao diện thân thiện và dễ sử dụng,
https://bornyouth.com/
slots online selalu menjadi salah satunya opsi banyak bettor untuk kerjakan betting. argumen beberapa bettor memutuskan melaksanakan betting dalam perjudian slots uang asli tentunya karena permainan ini punya ketentuan yang simpel serta tidak butuh kiat teristimewa buat memenanginya. juga bonus dan keuntungan dari permainan kasino yang ini termasuk sangatlah menjanjikan sekali jika dapat melaksanakan betting dengan presisi di permainan
4 seater black leather sofa
additional reading are both modern and classic and provide the perfect backdrop to any design. They can be used in formal and casual rooms and can also be decorated with throw pillows. They also brighten a room and naturally make the space appear larger. White couches are easy to clean and can be styled again.
Confortabl
csgo case battles
CS:GO Case Battle
CSGO Case Battle allows players to play against each other. The winner will get all items they took from their opponents. This way, the players can earn more than they would through the normal opening of a case.
Case battle is a new method to diversify the csgo’s traditional case opening sy
please click the following web site
How to Choose the Best Bunk Bed for Teens
Bunk beds can be a space-saving furniture piece that is commonly found in children rooms. But before you purchase one, make sure it has these essential safety features:
Make sure that the guard rails extend 6 inches above the mattress &
french door lock repairs
How to Reduce the Cost of Replacing a Window With French Doors
French doors are well-known for opening onto patios and gardens. They can be used to divide two rooms. Typically, they are constructed from uPVC and feature double glazing. However, they can be made from timber or aluminium.
The cost of re
https://bornyouth.com/
provider slots online play n go merupakan salah di antara satu dari begitu banyak permainan yang dapat memberi keuntungan secara cepat. menjadi provider yang mempunyai pengalaman dan berkualitas, play n go tentunya benar-benar pantas untuk diputuskan. apa keuntungan yang bisa diperoleh dari provider slots play n go itu? berikut ini ia beberapa jenis keuntungan yang dapat diterima dari play n go.
permainan yang cepat
over here
Dual Fuel Range Cookers
Dual fuel range cookers are among the best because they combine a responsive gas cooktop with a reliable oven that controls temperatures precisely. These top kitchen appliances are ideal for homeowners who are looking for the best of both worlds.
However, a dual fuel range requires both gas and elect
bedside cot reviews
Bedside Baby Beds
Baby cribs that can be set next to the bed allow parents to keep their child close at night, without any risk to the safety of their child. They are specifically designed for infants and can be used up to 4 to 6 months.
The Halo Bassinest can be swiveled over the bed of
pallet for sale
Pallet Wood For Sale
If you’re looking for pallet wood available for sale There’s a good chance that you’ll find it at a local recycler for pallets. Use a search engine to find one near you.
Pallet lumber is a leftover of softwood and hardwood that has been left after the more expensive grades have
gas safety checks buckingham
Boiler Repairs in Buckingham Throughout the Winter season
Boilers are essential to keeping homes warm throughout the winter season. If your boiler breaks down during winter it is necessary that you call an expert repair work service immediately.
Normal issues that can impact boilers con
nagano lean body tonic ingredients
✔️Nagano Tonic Official Website: 🔥 nagano-tonic-reviews.shop/ 🔥
In the act of pursuing a life this is certainly healthy ideal figure, lots of people are searching for various effective supplements to assist them to achieve their objectives.Recently, a glass or two called
What’s The Current Job Market For Pram Uk Professionals Like?
pram uk (Caroline)