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 couch set
Buying Leather Sofas For Sale
A leather sofa is an investment, but also an attractive and durable focal point for your home. Look for a high-quality material such as top or full grain leather, and select aniline dyes that will develop a graceful patina as time passes.
This snagproof sofa has a hardwood frame made from sustainable hardwood that is kiln-dried to incre
https://folkactive.com/
Keuntungan dalam taruhan judi online pasti bermacam. Sampai dalam perihal tersebut beberapa bettor dapat mempertingkat kesempatan keuntungan banyak. Dalam soal mempertingkat keuntungan taruhan judi karena itu terdapat beberapa hal yang dapat dijalankan. Kalau saja ide dalam taruhan dilaksanakan secara benar maka membesarkan kemungkinan keuntungan.
Kenali secara baik terkait ide serta tata langkah penempatan taruhan
small leather couch
Buying a Chesterfield Leather Couch
A high-quality chesterfield sofa will last for a long time. Make sure the leather is top-grade and that the frame is constructed from wood that has been kiln dried.
To cut costs, cheaper couches may use nails instead of strips. This could lead to less secure details and wea
Say “Yes” To These 5 Sliding Patio Door Repairs Tips sliding patio door repairs Near me
maidstone Fascia and Soffit Replacement
Improving Curb Appeal With Fascias and Soffits
Fascias, soffits and other trim pieces are the finishing touches to your home. They help protect your roof while giving it a consistent look. These trim pieces are available in a broad variety of styles and colors to match the style of your house.
thor 311
Sama dengan yang didapati kalau saat ini terdapat banyak kemungkinan untuk memperoleh keuntungan ditambah lagi sehabis sejak kehadiran taruhan judi online. Dalam taruhan judi anda tidak cuma dapat berperanan sebagai player untuk memperoleh keuntungan yang besar tapi anda dapat juga bermain diposisi agen. Jadi broker judi taruhan online telah dipastikan semakin lebih memberi keuntungan ditambah lagi kian sejumlah pemain yang tergabung.
<b
purchase used pallets
Factors to Consider When You Purchase Wood Pallets
When you are buying pallets made of wood, there are several aspects to be considered. You should select the correct type of pallet for your company and ensure that it is compatible with the equipment you are using like forklifts.
If you are
leather couch set
How to Avoid Buying a Cheap Leather Sofa
Elegant enough to make a striking design statement, this well-rated sofa is upholstered with soft, buttery leather and an incredibly sturdy frame made of pine wood. It is backed by a lifetime warranty.
The Article Sven sofa offers good value for the cost. The top
ethanol wall fireplace
Bio Ethanol Wall Mounted Fireplace
Ethanol wall mounted fireplaces are an exceptional method to heat a space without a chimney or flue. They also look stunning and produce a really practical flame.
While bio ethanol fires are low-cost to run, they can not replace your central he
kaufen oder adoptieren
Buy French Bulldog Puppies
French bulldogs are wonderful pets for any family. They can be easy to train, calm and adapt easily to a wide range of homes. However, they need moderate outdoor exercise and may drool or snore at times.
Look up reputable breeders on the internet or through national parent breed clubs
More Help
Treating Add
Treatment for ADD involves counseling, medication and education. Medications for attention deficit disorder (ADD) are usually stimulant drugs such as methylphenidate, amphetamine and dextroamphetamine-amphetamine (Adderall XR, Vyvanse). Atomoxetine, Guanfacine, and other non-stimulants are also offered.
Counseli
commercial heating engineer buckingham
What Does a Gas Engineer Do?
A gas engineer is accountable for the setup, examination and upkeep of gas appliances. They likewise ensure that these home appliances adhere to safety policies. They need to have an appropriate credentials and be registered with the Gas Safe Register.
A
real leather sofa
How to Find the Best Leather Sofa
A sofa is an investment and one that you would like to last. When you are shopping, be aware of certain aspects to ensure you get the most efficient sofa for your budget.
Choose leather. It’s robust and easy to clean. Not all leathe
ethanol wall fireplace
Bio Ethanol Fireplace Wall
Unlike traditional gas or wood fires, wall-mounted bio ethanol fireplaces can be set up in a range of areas. They are ideal for creating a cozy environment and providing additional heat.
They likewise produce fewer toxins than other types of fireplaces. Nevertheless, they are not suitable for usage in locations where there are combu
ghost immobiliser 2
What is a Ghost Immobiliser?
Thieves have been developing ways to get around car security systems, but modern anti-jamming technology and constant monitoring can mitigate these risks. Ghost immobilisers like the CAN Phantom or the Autowatch Ghost are hidden inside the vehicle and aren’t detected by
4 seater black leather sofa
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 have sleepers that provide luxury comfort during the day, and a comfortable sleeping area for guests at the night.
<b
wyciszenie mieszkania
W dzisiejszych czasach, kiedy życie toczy się w szybkim tempie, a hałas staje się nieodłącznym elementem naszego otoczenia, coraz więcej osób poszukuje sposobów na stworzenie tzw. “przestrzeni ciszy”. to nie tylko kwestia komfortu, ale także zdrowia psychicznego. Zgiełk miasta, dźwięki sąsiadów czy odgłosy codziennego życia mogą prowadzić do stresu i zmęczenia. Dlatego warto zastanowić się, jak skutecznie wyciszyć swoje wnętrze, by
relevant resource site
Cleaning Robot Mop and Vacuum Combo
Most robot vacuums and mops pair with an app that lets you save maps of your home, set cleaning schedules and choose mopping settings. Some models that have dual rotating pads can also return to the dock to clean their brushes and dump dirty water.
<
additional reading
4 Seater Leather Sofa Sale
The Room & Board Metro Leather Sofa is the perfect mix of plush and firm. It’s upholstered in top-grain leather that’s scratch and fade resistant and the frame is benchmade of kiln-dried hardwood with mortise and tenon corners.
It’s got a nice mid-ce
important source
Main Beach, Queensland, epitomizes the essence of coastal coping with its pristine beaches, vibrant atmosphere, and luxurious waterfront properties. For those planning to enjoy the best seaside lifestyle, a selection of waterfront units to be found in Main Beach presents a rare opportunity to own some this coveted destination.
<br
Best robot vacuum uk
Best Rated Robot Vacuum and Mop
Eufy’s robot mop and vacuum is the best-rated in its class. It takes a lot of the chore of cleaning your floors. It can re-fill its own water tank, self-empty its tower bin that is larger and change the dust bag.
Advanced models are able to draw a map of your home and tak
clothing mockups
You really should normally own a white blouse in your essential wardrobe. You can put on basically any color base to match. Pair it with slacks for a everyday look for get the job done. Use a entire skirt for instances when you are going
https://nagano-tonic-reviews.shop/
✔️Nagano Tonic Official Website: 🔥 🔥
When talking about bodybuilding and weight reduction, a name often starred on the planet wide web -Nagano Tonic.What may be the secret associated with the magical dew from Nagano, Japan, can countless beauty fans global crazy?Let’s get the uniqueness utilizing this product together.
1. Expl
fascia and soffits Repair
The Importance of Soffits and Fascias
One of the most important elements of a home’s roofline. Soffits and fascias add to the overall appearance of a house, while also protecting it from rotting, moisture and insects.
It is recommended that homeowners regularly check their fascias and s
ghost immobiliser car
How to Do a Ghost Immobiliser Install
The Ghost immobiliser is an advanced anti-theft device. It utilizes CAN data networks to prevent your vehicle from being taken and works silently with no radio frequencies.
It is essential to know the operation of the device before
relevant resource site
Robot Vacuums With Mop
Some robot vacuums can also mop and vacuum. These models are perfect for homes with hard flooring. These models typically have reservoirs you can fill with water or cleaning solutions as well as microfiber towels and sensors that navigate around furniture.
leather modular sofa
Faux Leather Sofas
You can keep your leather sofa looking beautiful by regularly wiping it down with a dry soft cloth. If you need to clean a stain, use a non-abrasive cloth that has been soaked in water and then gently wrung out.
The faux leather doesn’t breathe as well as genuine hide, and it could
french door glass replacement
French Door Window Replacement
French doors are an attractive design element for homes. They also offer the best view. They’re also a popular choice for improving energy efficiency.
It could be time to replace your French door windows if any have been damaged. Replacement of French door window glass
web
Ecovacs Deebot – The Best Automatic Vacuum Robot
The Ecovacs Deebot combines mopping with vacuuming to create one of the top all-in-one robots we’ve tested. It also comes with a self-emptying dust bin, and an efficient navigation.
It earned a good navigation score in CR’s assessments and offers features
Experienced Sex crimes lawyer offering skilled legal representation in sensitive cases. Protect your rights, reputation, and future with a compassionate advocate who provides personalized strategies and aggressive defense. Whether facing charges or seeking justice, our expertise ensures your case receives the attention it deserves. Contact us for a confidential consultation today.
ghost immobiliser car
Ghost Installations
In contrast to other immobilisers, Ghost is a silent defender that makes it virtually impossible for thieves to get into your vehicle. It also blocks the use of signal spoofing and device cloning to steal your car.
Experts from ghost installations will install your Ghos
See What Key Spare Tricks The Celebs Are Using Key spare
Guide To Tots And Cots: The Intermediate Guide In Tots And
Cots Tots and cots
4 seater leather sofas uk
A Guide to Leather 4 Seater Sofas
A leather four-seater couch will be the centerpiece of any living space. They’re also easy to maintain. A routine dusting and wipe down using distillate water is all that’s needed.
If you love to relax, a power-reclining leather sofa can be moved at the to
live casino online
Casinos have been places of entertaining and exhilaration ever because they very first opened their doorways hundreds of a long time ago.
The thrill of the games of possibility and the charm of the tremendous jackpot prizes, appeal to tens of millions to the gambling capitals of the earth each individual thirty day period.
<br
zeus slot
Slots and pokies are some of the oldest gambling games in the modern-day earth. They saw their beginnings at the start out of the 20th century, and have captivated a wide audience ever since. In this article is an overview of slot device background and how they have made over the many years.
The very first ever version of the slot machine was noticed in 1891. Pittman and Sachs developed a machine with
bioethanol wall fireplace
Bioethanol Fireplace Wall Mounted
Wall mounted bio ethanol fireplaces are easy to install and do not need gas or electrical energy. They are likewise extremely versatile.
They can be hung on any non-combustible wall, however it is recommended to guarantee that the supporting wall has adequate load-bearing capacity. It ought to likewi
This Internet site
The Immobiliser Ghost and Vehicle Tracker Reduce the Risk of Car Theft
Theft of cars is an issue that continues to grow as thieves continue to develop their strategies. You can lessen the chance that your vehicle will be stolen by adding additional security measures like an immobiliser ghost or Thatcham-approved vehicle tracker.
properties for sale Whangarei
Whangarei is often a bustling city within the northern region of New Zealand’s North Island. With a growing population as well as a strong economy, it is no surprise that properties for sale in Whangarei are in high demand. If you’re looking to buy property in this vibrant city, here are a few stuff you ought to know.
<br
自己申請破產
現在快節奏的世界那是金融的很多人被束縛在似乎不切實際的債務互聯網中逃脫。職責貸款和借貸可以考慮大量使用一個人的肩膀是的由於無法預料的醫療費用，任務損失，或只是只是生活在超越一個方法。但，你會找到的可行的解決方案可用，例如個人自願安排（IVA），債務減免計劃（DRP），也破產，那會給出生命線這當然是急需的那些遭受壓倒性的法案。
了解IVA債務重組
iva只是合約那是正式的債務人及其債權人，使債務人能夠償還分享那些財務義務一套時期 – 五到六年。此選項不僅允許個人毫不費力地管理他們的義務但另外提供債權人法律行動的安全性。通過將不同的債務合併為一個可行的付款那是每月的人可能會接受控制這些財務防止恆定的焦慮電話和債權人的來信。
DRP的角色債務談判
<br
Discover expert moving tips for Sydney residents
Moving to some sort of new home can easily be an thrilling yet overwhelming experience. For most, the consideration of packing upwards an entire household and relocating can easily evoke stress plus uncertainty. In Quarterly report, a town known with regard to its vibrant lifestyle and stunning landscapes, the need regarding
Door And Window Doctor Tips To Relax Your Daily Lifethe One
Door And Window Doctor Trick That Everybody Should Be Able To door and window doctor (karlsen-list-2.mdwrite.net)
best fridge brand
How to Choose the Best Fridge Freezers
GE fridge freezers get leading marks from customers for their strong develop, temperature level regulation and frost-free style. This avoids the freezer developing ice, saving space and effort when defrosting.
It’s likewise freestanding, which gives it
relevant resource site
Ecovacs Deebot – The Best Automatic Vacuum Robot
Ecovacs Deebot is one of the most efficient robots that we have test. It combines mopping and vacuuming. It also comes with a self-emptying dust bin, and an efficient navigation.
It has a high navigation score, based on the CR’s assessme
gas safety checks buckingham
Gas Safety Certificates in Buckingham
There is a great deal of duty that comes with owning a home, and acquiring a gas safety certificate is just one part of it. This certificate is a legal requirement for landlords to ensure that their occupants are safe and protected.
Landlords need to
best fridge brand
Choosing the very best Refrigerator Brands
When it comes to picking the finest refrigerator brand names, there’s a lot to bear in mind. CR’s laboratory and survey information help answer crucial concerns about fridge longevity, energy effectiveness and functions.
Bosch is well-known f
What Freud Can Teach Us About Link Collection Site 주소모음사이트; Cornell,
Guide To Window Misting Repair: The Intermediate Guide Towards Window Misting Repair window misting
repair; Angelika,
https://www.metooo.co.uk/u/6758824cacd17a1177128897
Once we have set the conversation in motion, our next goal is to find common ground. This can be intimidating for those who are walking into situations that make them feel like fish out of water. For that reason, we all should have a few questions in our back pockets that tap shared contexts or shared values. This happens due to a variety of reasons—some people want to keep thei
thor311
Sumber pemasukan yang dapat diperoleh dari permainan taruhan judi online sebenarnya bukan sekedar dari kemenangan saja. Bahwasanya dapat ada sangat banyak Sumber pendapatan yang dijajakan dan dapat diperoleh akan tetapi penting juga untuk Anda check serta lihat yang amat tepat. Ada sekian banyak teknik yang selanjutnya dapat dipakai berdasar pada sejumlah pemikiran dan penilaian dan berdasar keuntungan yang dijajakannya.
Anda ja