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.
visit this site
Whether you are a full novice to Amateur radio or an professional isn’t likely to subject. You can only start in which you are now, and set ambitions which are sensible for you. Exactly how achieve your targets is going to rely on the predicament you discover oneself in at this time. Do you want to maintain studying? If you are, you only want to check out my profile and you may find all sorts of wond
soffit and fascia replacement
Fascia Replacement Specialists
Fascia boards are crucial in preventing water damage to your home. If your fascia is showing indications of rot or insect infestation or has an overall ugly appearance, you must contact a professional contractor.
Specialists in soffit and fascia repai
台南包車
Ketika berbicara tentang eksplorasi Tainan, salah satu cara terbaik untuk menikmatinya adalah dengan menggunakan layanan “Tainan 包車” atau sewa mobil pribadi. Tainan, kota yang kaya akan sejarah dan budaya di Taiwan, menawarkan berbagai destinasi menarik yang tidak hanya indah tetapi juga penuh makna. Dengan layanan ini, Anda dapat menjelajahi tempat-tempat wisata dengan lebih nyaman, fleksibel, dan efisien.
<b
click through the following website
Best Robot Vacuum Cleaner and Mop
Robotic vacuum cleaners and mops are a great way to quickly clean up mess. The best robot vacuums and mops that I tested had excellent navigation and mapping. They sucked up Cheerios and fake dog turds, well as tangled wires.
You can a
888 สล็อตออนไลน์ เครดิตฟรีถอนได้ เว็บตรงไม่ผ่านเอเย่นต์ อัปเดตทางเข้าล่าสุดเวอร์ชั่น 2025 ให้บริการ 24 ชั่วโมง Lobby888 สล็อต
sources tell me
Protect Your Vehicle With a Ghost Immobiliser Tracker
With the possibility of vehicles being stolen across the UK it is essential to have a Thatcham approved system installed. Autowatch ghost immobiliser is discrete, silent and undetectable to diagnostics or radio signals.
It prevents the engine from running u
merton french door lock repairs
Glass Replacement For French Doors
French doors allow you to enjoy natural light without compromising privacy. You can also use them to make a statement, by opening them to a spacious deck or balcony.
As with other kinds of windows and doors, french door glass can get damaged and require replacem
french door glass replacement
How to Measure and Fit Replacement French Doors
French doors are a stunning and practical way to add light into your space. They also offer numerous other benefits. To ensure that your new door is properly fitted, take a few measurements with a tape measure.
<b
csgo case battle
CS2 Case Battles
Case battles are a crucial element of the CSGO game. They offer a wide range of benefits, ranging from improving teamwork skills to fostering an atmosphere of camaraderie.
In a case-fight players purchase the same cases at the same time, and then battle to open them. The player wi
台南包車
Ketika berbicara tentang eksplorasi Tainan, salah satu cara terbaik untuk menikmatinya adalah dengan menggunakan layanan “Tainan 包車” atau sewa mobil pribadi. Tainan, kota yang kaya akan sejarah dan budaya di Taiwan, menawarkan berbagai destinasi menarik yang tidak hanya indah tetapi juga penuh makna. Dengan layanan ini, Anda dapat menjelajahi tempat-tempat wisata dengan lebih nyaman, flek
Glucozen,Glucozen Review,Glucozen Reviews, Order Glucozen,Buy Glucozen,Glucozen Supplement,Glucozen Ingredients,Glucozen Blood,Glucozen Blood Sugar,Glucozen Blod Sugar Suppleement
Glucozen is gaining attention as a natural solution for those looking to maintain balanced blood sugar levels. With the increasing prevalence of blood sugar issues in today’s society, many people are seeking effective ways to help manage their health. This is where Glucozen come
co sleeper bedside cot
Choosing Between a Baby Bedside Co Sleeper and a Bassinet
New parents have a variety of options when it comes down to baby sleep. Some parents may consider co-sleeping which the AAP warns against because of the risk of suffocation. Some parents want to be able to reach their baby to change diapers or feeds during the night.
<b
ADHD symptoms in adults males
ADHD and Adults Symptoms
Consult your doctor if you think you might have ADHD. They can assess your behavior and the problems it causes in your work and in relationships.
You could be referred to a mental healthcare professional for a more thorough
ADHD symptoms in adults males
Symptoms For ADHD in Adults
The signs of ADHD for adults include having trouble keeping track of time, adhering to rules at school or at work and paying attention to the details. People suffering from ADHD may also have difficulty listening to others. This could lead to miscommunications.
ADHD can ca
台南包車
Ketika berbicara tentang eksplorasi Tainan, salah satu cara terbaik untuk menikmatinya adalah dengan menggunakan layanan “Tainan 包車” atau sewa mobil pribadi. Tainan, kota yang kaya akan sejarah dan budaya di Taiwan, menawarkan berbagai destinasi menarik yang tidak hanya indah tetapi juga penuh makna. Dengan layanan ini, Anda dapat menjelajahi tempat-tempat wisata dengan lebih nyaman, fleksibel, dan efisien.
Keuntungan Men
5 Killer Quora Answers To 4 Seater Leather Couch 4 Seater leather couch
automatic hoover
Best Robot Vacuums and Mop Systems
This robot vacuum-mop is an excellent option for people who live in flats since it is able to carry the garbage away in its own bin and utilizes an incredibly small docking station. The app lets you select different modes and monitor the cleanliness and mopping. The mopping function is impressive.
<
The Next Big Event In The 3 Wheel Pushchair Industry 3 wheeler strollers; Darnell,
best wall mounted ethanol fireplace
A Wall Mounted Bioethanol Fireplace
A wall mounted bioethanol fireplace is a fantastic addition to any space in your home. It is simple to install and requires no chimney or flue. It is likewise easy to use and preserve.
The majority of our
see this website
Treatments For ADHD in Adults
Adults suffering from adhd are typically treated with medication, psychoeducation and skills training and psychotherapy. Medications include stimulants that boost and balance neurotransmitters in the brain.
Your doctor will inquire about the medi
symptoms of ADHD in adults quiz
Severe ADHD Symptoms in Adults
Severe ADHD symptoms in adults aren’t always easy to spot. You might think they’re just your personality traits.
If these characteristics cause problems at work or at home, it could be a sign of ADHD. It’s crucial to talk to a health care
thor311
seluruhnya orang pastilah inginkan dan pengharapan yang banyak keuntungan yang banyak di dalam permainan slots online yang mereka melakukannya. akan tetapi kadang-kadang sedikit yang ketahui mengenai tehnik dasar apa yang terbagus serta terbaik untuk kita pakai. sebab itu kita mesti belajar banyak lebih dahulu perihal cara-cara dan sejumlah kiat yang amat tepat. soal ini yang kedepan segera akan memberi kita peluang untuk cari dan pilih satu di
simply click the next web page
When Ancel Keys published his paper, “Atherosclerosis, a concern in Newer Public Health” in 1953, he claimed a “remarkable relationship” between heart disease and fat intake.
The corporate entity must issue and maintain minutes every year of its annual board meeting. This particular really is true every single state wit
Nutlin-3a MDMX inhibitor
The high number of invasive species is probably a result of diverse human activities in the area. The main species of concern are Acacia melanoxylon, a tree that is invading grassland and previously cultivated land, the forest herb Hedychium gardnerianum which in places is transforming forest understorey with an adverse effect on some forest birds, and the woody herb Vernonanthura polyanthes which invades
bioethanol fire media wall
A Media Wall With a Bioethanol Fireplace
A media wall with a bioethanol fireplace is a distinctive feature in any home. These are frequently built into an incorrect wall or stud wall, which allows you to conceal wires and plug sockets so the space looks clean and modern-day.
<br
gas safety engineer buckingham
Gas Safety Certificates in Buckingham
If you own a property, then it’s your responsibility to have the gas devices, flues and pipework examined by a certified Gas Safe Engineer yearly. This is UK law.
This evaluation will
thor 311
Satu diantaranya soal yang bikin perjudian online tidak diperbolehkan di sebagian negara ialah karena dipandang dapat bikin suka. Tetapi yang selanjutnya jadi pertanyaan yakni Apa semuanya alternatif permainan taruhan judi itu dapat membuat seorang suka atau mungkin tidak. Suka pada permainan apa saja memang tentu akan terus ada tetapi anda mesti dapat mengenal perihal bagaimanakah cara biar lalu dapat mengelitinya.
Risiko Suka M
foldable bedside crib
A Bedside Travel Cot From Red Kite
This affordable option from Red Kite offers the functionality of a cot and bassinet in a portable unit. It includes a baby insert that can be set up high to reduce back strain. It is also ideal for those who have had C-sections.
It’s easy to put into a bag for travel
best freezer brands uk
Leading 5 Fridge Brands in the UK
SMEG is understood for its high-quality fridge freezers, with elegant styles that will make your cooking area stand apart. They likewise offer a large range of colours and finishes to select from.
According to Statista, Beko is the most popular fridge brand name i
ghost immobiliser and tracker
Ghost Immobiliser and Tracker
Ghost immobilisers are a device that protects your car from keyless entry and key cloning theft by operating quietly. It does not emit radio signals and is therefore undetectable by thieves.
It utilizes the buttons on your console and steering wheel to
15 Secretly Funny People Working In All Terrain Pushchairs best all terrain prams uk – Lakeisha –
Nine Things That Your Parent Taught You About Landlord
Gas Safety Certificate Milton Keynes landlord gas safety certificate milton keynes,
Ingrid,
https://mocbai.house/
To estimate somebodies addiction you may ask some questions noticed below. Had been holding developed by psychological specialists and now you may check yourself or somebody the worried of.
With online gambling, any player might still access their best online casino in go over and anywhere they request. And because it is more accessible, players can be at the
mouse click the up coming post
Upgrade Your Living Room With a Leather Sofa With Chaise
There’s nothing like an elegant leather sofa to enhance the look of a room. These pieces are durable, look great and are easy to clean (though they aren’t cheap).
This sectional by Castlery has a chaise that is adjustable on either side. The powder-like tex
https://www.selleckchem.com/products/eliglustat.html
Behçet’s disease is a disease characterized by chronic inflammatory vasculitis. In the clinical symptoms of Behçet’s disease, many immunosuppressive and immunomodulatory drugs are used. The suspicion that drugs used in chronic disease treatments such as Behçet’s disease during pandemic will increase the risk of transmission of COVID-19 disease, and that the disease may progres
fascia and soffits Repair
Offset and Fascia Replacement Near Me
They protect your home against water and pest damage. They also allow airflow to the attic. Damaged soffit or fascia can result in mold, moisture retention and rot on the roof and attic of your house.
Several professionals can handle these repairs, includ
best freezer brands
Top 5 Brands of Fridge
Brand credibility can have a considerable effect on your fridge choice, particularly if you’re in the marketplace for a brand-new one. Some brands regularly rank high in customer complete satisfaction rankings for their dependability, while others provide streamlined styles and amazing functions.
Best Oven Uk Tips From The Top In The Business ovens Uk
Are Oven With Hob The Greatest Thing There Ever Was?
best ovens and hobs uk
you could try this out
Choosing a 4 Seater Grey Leather Sofa
A four-seater leather sofa is a fantastic addition to any living room. It’s crucial to choose the right sofa for your needs. It must not take up too much space or make the room feel tight.
It should also be easy to take care of because it is
adult male ADHD symptoms
ADHD Symptoms in Adults Quiz
Many adults use online ADHD self-tests and rating scales to determine of whether they may have signs. These ratings are useful however, a doctor must evaluate an adult to diagnose ADHD.
These tests will require you to determine how often you experience certain ADHD symptoms. These quizzes can help you determine whether it’s
Expert Advice On Freelander 2 Replacement Key From An Older Five-Year-Old land rover discovery replacement key cost
ADHD symptoms in adults males
ADHD Hyperactivity Symptoms in Adults
Anxiety, sleep problems and other mental health disorders can cause symptoms that mimic the symptoms of ADHD. A thorough examination by a health care provider or mental health professional is essential to determine the correct diagnosis and determine the most eff
see this website
Treatment For ADHD in Adults
People suffering from ADHD are more likely to be suffering from mental health conditions, such as depression or substance abuse disorders. These ailments can be treated to improve the effectiveness of ADHD medication.
Psychotherapy can include cognitive behavioral therapy, which aids patients to recognize and correct the
duel fuel range
Range Oven Dual Fuel – Versatile Cooking Options
A dual fuel range uses both gas and electricity, which is useful when you have both connections in your kitchen. It provides a wide range of cooking options for a variety recipes.
Electric ovens are a favorite of bakers due to their co
mile-end fascia and soffits Repair
Offset and Fascia Repair Near Me
The soffit, fascia, and other elements of your home should be shielded from pests, rain, or other elements of nature. They also add a finished appearance to the roofline.
If they’re damaged or rotting, it could result in costly damage and health haz
best brands of refrigerators
What Are the Finest Fridge Freezer Brands?
When searching for the very best fridge freezer brand names, you’ll want to consider brand name reputation and energy ratings. Search for designs with features that can help keep your costs down, like a leading or bottom freezer or wise connectivity.
<b
leather sofas near me
Leather Sofas – A Classic, Timeless Addition to Your Home
A leather sofa will always be a classic and timeless feature for your home. It can bring a touch of elegance to a room.
It’s also durable, though it is susceptible to stains and scratches. Real leather, either top-grain
her explanation
Modern Leather Four Seater Sofas
Leather four-seater sofas are a timeless, stylish option for your home. This popular piece of furniture is available in vintage, antique, and modern versions. Styles include Scandinavian Modern and Mid-Century Modern.
Any kind of decor can be combined wi
you could try this out
Buy a French Bulldog in Berlin
French Bulldogs make charming companion dogs due to their small size, muscular build, and trademark bat-ears. They require moderate exercise and are great around children.
As breeds that are brachycephalic, Frenchies cannot cool themselves like o