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.
metabolism signals inhibitor
Nonetheless, the functions of exosomes derived from SCAP (SCAP-Exo) in tissue regeneration aren’t totally grasped. Right here, we explored the effects and underlying mechanisms of SCAP-Exo on CSD in maxillofacial soft muscle. SCAP-Exo were isolated and identified by transmission electron microscopy and nanoparticle monitoring evaluation. The
french door glass replacement
Choosing Replacement French Door Hardware
French doors are a beautiful feature for any home. They are a beautiful feature for any home.
It is less expensive to install or replace French doors that are already in an opening than to make an entirely new opening,
Continue
One of the more common household pests, Silverfish can be hard to recognize being only some centimetres in length and flat (driving them to expert hiders). Even though they are harmless to us, they could be a genuine nuisance when they feast upon wallpaper, cardboard, books and any silk or cotton clothing. Thankfully, you are able to prevent these little pests from ever entering
Read the Full Guide
Get the Best Deals on Bunk Beds
Bunk beds are an excellent option for kids who want to share a bedroom or simply have more space to play. There are a variety of designs available, including twin-over full bunks and stairway bunks.
To find the most affordable prices on bunk beds
best brands of refrigerators
How to Choose the very best Brand for Your Refrigerator
A refrigerator is a huge purchase, and the brand you pick will affect how your fridge performs in time. Choosing a brand name that is relied on by customers is a great idea, but many aspects go into the choice.
Bosch is understood for its kitchen area home appliances, and the fridges in their l
adhd treatment adults
Treatment of Add in Adults
Treatment of add in adults usually involves some combination of medication, life-skills training and psychotherapy. Most patients respond well to stimulant medicines like methylphenidate (Ritalin) and amphetamines, such as lisdexamphetamine (Adderall) or extended-release mixed amphetamine salts (Adderall XR).
The 10 Scariest Things About 2 In 1 Stroller And Car Seat 2 in 1 stroller and car seat – Amy –
web
The Best Automatic Vacuum and Mop Combos
The top robot vacuums and mop combinations will let you complete two chores (three when you take the time to dig out the Swiffer from its storage). They provide smart home integration with self-charging, virtual boundaries and a variety of cleaning options.
<b
Window Doctors Tools To Ease Your Everyday Lifethe Only Window Doctors
Technique Every Person Needs To Learn Window Doctors
iva 債務重組
在今天的快節奏景觀中那是貨幣很多人結果努力應對壓倒性的債務。是的由於開支是意外的失業，或簡單只是生活在自己的手段之外額外財務義務的重量正在壓碎。快樂，有許多解決方案為人試圖恢復控制他們的財務狀況。接下來的幾段探討IVA（個人自願安排）債務重組的原則（債務計劃）這當然是寬慰債務和解，破產和借用解決方案，提供路線圖以駕駛這些複雜情況。
，通常是5年。該程序特別治療對於有收入那是穩定是無法聚會他們的經濟承諾完全。通過獲得進入IVA，個人可以避免破產，同時確保其債權人獲得一些已知的數量支付。該協議具有法律約束力，為債權人的進一步法律訴訟提供了保護，並允許人們考慮其財務狀況，創建可行的付款。
DRP有好處個人尋找立即的休息不可控制的財務義務話雖如此。這個系統有助於將債務結合在一起每月付款，經常以利率這當然是減少。它是選擇這當然是非常感興趣那
commercial heating engineer buckingham
Why Landlords Need a Gas Safety Check
Landlords are needed by law to have their gas home appliances and pipework examined yearly. The inspection is performed by a licensed professional and guarantees the safety of tenants.
In addition to making sure compliance with legal requirements,
https://www.webwiki.nl/seohero.uk/
It is important to ensure that all links follow good SEO practices, are from trusted sources, and are relevant to your website in order to maximize the benefits. Building good links is an important part of the SEO process, as search engines use them to assess the credibility and trustworthiness of a website. By carefully selecting the right keywords, you can begin to create highly targeted content that will appr
best budget bunk beds
best bunk bed design offer great value. They don’t need box springs because they rely on slats or bunk boards to support the mattress.
This bunk bed from Max and Lily comes with a GREENGUARD gold certification, an angled ladder to make climbing easier and it can accommodate twin or Twin XL mattresses. Plus, it’s available in sever
債務舒緩借錢
財務義務經常可以感覺就像雲這當然是沉重你每天生活，影響不僅僅是您的財務困境但此外您的心理健康。自己與貨幣不安全斗爭是否是由於意外成本，工作損失，也許生活的壓力，很多人尋找。幸運的是，你可以找到可行的解決方案可用於允許你擺脫出於這個焦慮週期。本指南可以看分為三個關鍵選擇：個體自願計劃（IVA），債務談判計劃（DRP）和破產 – 可以鋪路方式為了更光明的未來這當然是金融的。
學習IVA：一種方法這當然是結構為管理
某人自願安排（IVA）簡直就是合約那是正式的大力幫助那些承擔不可控制的財務義務的人。通過啟動IVA，你可以鞏固多個債務只是一個，負擔得起的付款是每月一定期間的，通常是五到六年。這種安排涉及緊
fascia and soffits Repair manchester
The Importance of Fascias and Soffits and Guttering
Fascias, soffits, and other roofline components are essential. They keep water and pests out of the home as well as the roof, and keep dampness at bay.
These boards are constructed of aluminum, uPVC, or timber and are designed
gas safety checks buckingham
Gas Safety in Buckingham
Carbon Monoxide poisoning is a very major health hazard that can eliminate in just hours. It is crucial to have routine gas safety checks performed by an engineer.
Landlords are needed to have their homes inspected annually by Gas Safe registered engineers. This is so that they can make sure that the devices, flues and gas f
bio ethanol fireplace wall
Ethanol Fireplace Wall Mount
Wall mounted bioethanol fireplaces are simple and easy to set up. You merely hang them on a non-combustible wall, such as concrete backer board or a stone veneer.
These fireplaces do not require a chimney or vent and are all
csgo case battle
is a type of game that lets players play their favorite game with an added twist. It is a competition where participants wager their cases, and the value of the items they take out determines a winner.
This feature is only available on third-party websites and is popular among CS2 fans who are attracted to cases-opening competitions. It’s also a fantastic way to mee
dual range cooker
Dual Fuel Range Cookers
This Zline dual fuel 30 inch range features five burners, including an electric oven. It has a clean and sleek design that blends into a variety of styles.
Handles and knobs are made of stainless steel, which is fingerprint resistant and easy to clean. Th
https://howlingbone.com/
waktu mendaftarkan dan bermain dalam sesuatu bandar slots online yang mempunyai pengalaman, seorang betaruh dapat mendapati beragam bonus yang beri keuntungan. beragam bonus yang memberikan keuntungan itu dapat dicapai dengan ebgitu entengnya. apa bonus yang memberi keuntungan itu? berikut di bawah ini yaitu bonus – bonus beri keuntungan dari bandar slots online eksper.
bonus anggota anyar
bonu
https://tradeqwerty.com/
Beragam ragam keuntungan bakal diterima banyak betaruh yang main judi online dalam website sah serta bisa dipercaya. Harus dipahami kalau bermacam ragam keuntungan memang dapat dirasa dan diterima banyak betaruh dengan kencangnya melalui penentuan situs sah yang pas. Oleh karena itu, kenali terus apa keuntungan yang dapat diperoleh dari web-site judi online yang sah.
Bakal ada sejumlah keuntungan dan keluasaan ya
The Top Reasons People Succeed At The Mystery Boxes Industry Mystery box website (http://www.forexchief.com)
french door hinge repairs macclesfield
How to Repair French Doors
French doors are a beautiful addition to any home that connects outdoor and indoor spaces. They are susceptible to problems over time, which require immediate attention to ensure safety and functionality.
Common issues are misalignment, sagging, and warping
This Internet site
Ghost Alarm Installation Near Me
Ghost car immobiliser install
Protect your vehicle from key cloning, hacking, and device spoofing. This sophisticated security system protects against thefts of keys that are keyless by connecting to the CAN data network of your vehicle and requiring that an indivi
ethanol wall 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 quantity of heat generated differs depending on the design of fireplace you choose.
Before starti
csgo case battle
CS2 Case Battles
Case battles are an integral part of the CSGO game. They offer a range of advantages, from strengthening teamwork skills to creating the feeling of camaraderie.
In a case-fight players purchase the same cases at the same time, and then battle to open them. The player who has the highest amount
adhd treatment for adults
How to Treat Adult ADHD
Treatment of adult ADHD requires a mix of treatments. In , counseling is employed together with medication to improve functional behaviors. Counseling can include cognitive behavioral therapy, which gives patients the ability to manage their emotions and behavior, as well as different strategies.
Behavioral
https://tradeqwerty.com/
Biro judi online sah merupakan alat yang beberapa orang fungsikan untuk mendapat keuntungan. Anda bisa peroleh keuntungan dari perjudian apabila ketahui cara yang pas. Terdapat beberapa metode yang bisa Anda menggunakan dalam pelacakan keuntungan. Anda bisa memanfaatkan teknik dasar maka bermacam jenis keuntungan bisa menjadi punya sendiri. Ada cara gampang yang bisa Anda gunakan sebab judi menjadi alternatif.
An
seebio Polysucrose 400 Food additive
seebio Polysucrose 400 is consorted with a high deathrate risk . In this study , citric acid and ascorbic acid were sequentially changed on the open of microcrystalline cellulose ( MCAA ) to increase its carboxyl contentedness , and their possible as hemostatic materials was inquired . The MCAA exhibited a carboxyl grouping content of 9 % , mellow than that of citric acid grafted microcrystalline cellulose ( MCA
gas safe buckingham
Gas Fitters in Buckingham
Regional plumbers are accountable for a range of jobs, from repairing leaking taps to installing new boilers. They ought to be totally certified and registered with Gas Safe to work with gas.
He sent Miss Glenroyd a copy of his gas training cer
small leather couch
A Leather Sofa Set Is a Classic Choice For Traditional Or Contemporary Living Rooms
A leather sofa set is the perfect option for a modern or traditional living room. It softens and becomes more luxurious with time and is easy to clean.
Brown leathers, like chestnut and tan, are ne
symptoms of ADHD in adults quiz
Inattentive ADHD in Adults
It can be difficult to keep track of your classes or meetings at work without missing any important details. Do you find yourself often forgetting to pay bills or return phone calls?
It is possible to benefit from treatment if you suffer fro
How To Beat Your Boss On ADHD Women UK Adhd Screening for Women
px-478 inhibitor
The designed W2C/WS2-based electrode offered the high-performance for electrochemical energy applications.The usage of e cigarettes (e-cigarettes) can affect diligent health insurance and medical attention. Nevertheless, current documents of e-cigarette use in the electronic wellness records (EHR) is inconsistent. This report describes the way the ambulatory m
How To Get Gas Safety Certificate Tips To Relax Your
Daily Lifethe One How To Get Gas Safety Certificate Trick That Everyone Should Know how to get gas Safety Certificate
More Help
Natural ADD Treatment
Many people suffering from ADD think medication is the only solution however, stimulant medications aren’t for everyone, and they can have serious adverse effects. There are several natural ways to manage the symptoms of ADD, such as inattention, lack of concentration and procrastination. Exercise increases blood flow to the brain, and supplements like omega-3 fats and tyrosine
mansfield Soffit And Fascia Repair
How to Find a Fascia Board and Soffit Replacement Near Me
The soffit, fascia and roof are the three main components that shield the roof from water damage and pest invasions. Regular inspections and maintenance will extend their life and ensure your home is secure and attractive.
You’ll Never Guess This Best Robot Vacuum That Mops’s Tricks best robot vacuum that mops
20 Fun Informational Facts About Nissan Juke Key Replacement replacement nissan Keys
casino 789win
Please don’t make your mistake that so others before you have, merely think that you will play a single game. Many times people will get uninterested in their favorite game, and want to try something specific. So, make sure that the casino that you want provides plenty of altern
symptoms of ADHD in adults quiz
Signs and Symptoms of ADHD in Adults
Many people with ADHD have a variety of mental health issues, such as depression and anxiety. These issues can make it harder to identify ADD symptoms.
The American Psychiatric Association changed the name of the condition to “atte
Best Quality HDPE blue drum baled scrap
WELCOME TO UBKBLTD
Your premier online destination for buying the best quality LDPE Film Scrap products. At UBKB Ltd., we specialize in a diverse range of scrap materials, including LDPE Film Scrap, Metal Scrap, Blue Drum Scraps, Brass Honey Scraps, HDPE Milk Bottles Scrap, High-Density Polyethylene (HDPE) Resin, PET Bottle Flake, and Low-Density Polyethylene (LDPE). Our commitment
best built in bunk beds
How to Choose the Best Loft Bunk Beds
This streamlined wood loft is a great choice for children who are ready to step to a higher level from their toddler bed. It’s crafted in a Fair Trade factory and has a 13-inch guardrail that runs around the upper level, making ascents and descents safe for everyone.
It is an excellent website with a decent share. I would like to thank you. Excellent work! You guys have a great blog and some great material. Keep up the good job.
fatal semi truck accident today
wygłuszanie ścian
W dzisiejszych czasach wielu z nas marzy o chwili spokoju w domowym zaciszu. Zgiełk miasta, hałas uliczny czy sąsiadów może znacząco wpłynąć na nasze samopoczucie oraz jakość życia. W związku z tym, coraz więcej osób poszukuje skutecznych rozwiązań na wyciszanie mieszkań, aby stworzyć przytulne i ciche wnętrza, sprzyjające relaksowi i odpoczynkowi.
<br
ghost immobiliser 2
Ghost Immobiliser Near Me
Ghost immobilisers can be a subtle way to protect your vehicle from theft. prevent your engine from starting until a pin number is entered along with your key fob.
They are TASSA approved and insurance-recognized and leave no trace. They are ideal for people who invested a lot of money in their vehicle.
Uñas Navideñas Rosas
As the holiday season approaches, many of us begin to think about how to elevate our festive looks. While the traditional reds and greens are always a classic choice, there is something undeniably captivating about stepping outside those norms. This year, why not embrace a bold and enchanting style with black nails? Uñas Negras Navideñas offer a striking contrast against the sparkle of holiday d
The 10 Most Scariest Things About L Shaped Double Bunks l shaped double bunks (Sherrill)
ww88
Nhà mẫu WW88 đang nổi lên như 1 trong những nền móng cá cược trực tuyến phổ biến nhất tại Việt Nam. mang muôn nghìn trò chơi quyến rũ cùng sở hữu dịch vụ trông nom quý khách chuyên nghiệp, WW88 không chỉ thu hút những bồ thích thể thao mà còn cả những game thủ ham casino online. Bài viết này sẽ đi sâu phân tách và Nhận định về nhà dòng WW88, từ xuất xứ, các sản phẩm nhà cung cấp cho đến các trải nghiệm thực tại của các bạn.
<b
adult male ADHD symptoms
Signs and Symptoms of ADHD in Adults
Many people suffering from ADHD are unaware of their condition. They often struggle to stay organized, track their appointments, or show up to work on time.
Doctors diagnose ADHD by examining a patient’s history, including old report cards and conversing with family members. Symptoms usually appear in childhood and p