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.
Fasoracetam chemical structure
Meanwhile, EPO evidently decreased interleukin-1β (IL-1β) and interleukin-18 (IL-18) secretion, the expression of NLRP3 inflammasome components including pro-IL-1β, NLRP3, and cleaved caspase-1 as well as phosphorylation of nuclear factor-κB (NF-κB) p65, which may be associated with activation of EPO receptor (EPOR), phosphorylation of Janus-tyrosine kinase 2 (JAK2) and signal transducer an
large pallets
Pallet Wood For Sale
You can probably find pallet wood at your local recycler for pallets in case you’re looking for it. Use a search engine to find one near you.
Pallet lumber is the leftover softwood and hardwood that has been left after the better grades have been cut. i
selleck chemical
more frequently with efpeglenatide than with placebo.
In this trial involving participants with type 2 diabetes who had either a history of cardiovascular disease or current kidney disease plus at least one other cardiovascular risk factor, the risk of cardiovascular events was lower among those who received weekly subcutaneous injections of efpeglenatide at a dose of 4 or 6
ReACp53
Additional calculations including the average molecular weight and the degree of ethoxylation for the reference AES sample showed minimum differences (relative error 0.999) was also observed. The individual limit of detection for the target sulphate ethoxymers was determined to be in the low ppm range. Further validated distribution profiles for a large number of AES samples demonstrated the applicability of the optimized H
find more
0001). Children with ALL who had high plasma levels of YKL-40 (≥36.34 ng/ml) had shorter survival compared with those with low levels ( less then 36.34 ng/ml; P less then 0.05). The findings of the present study revealed that the YKL-40 plasma level, age/initial leukocyte count and central nervous system invasion were associated with the prognosis of children with ALL [odds ratio (OR)=6.06, 95% confidence interval (CI) 1.1-
best bunk beds for heavy adults
The Best Bunk Bed With Trundle
Bunk beds are an excellent way to add excitement and fun to your child’s space. They can be used to take their plush toys for a ride or slide down the slide with their friends. Our top bunk bed that comes with a Trundle is low-profile for small spaces, and a variety of designs to accomm
selleck chemicals llc
Undernutrition among under five children in India is a major public health problem. Despite India’s growth in the economy, the child mortality rate due to undernutrition is still high in both urban and rural areas. Studies that focus on urban slums are scarce. Hence the present study was carried out to assess the prevalence and determinants of undernutrition in children under five in Maharashtra, India.
<br
ADHD in adults symptoms uk
Attention Deficit Disorder in Adults
Attention deficit disorder in adults can be difficult to diagnose and treat. A therapist can help by examining symptoms and causes, teaching patients ways to add structure and alter their behaviour and provide medication if necessary.
<
ATG-017 cost
of American children; these children are younger, leaner, more female, and have fewer cardiometabolic risks. Resting heart rate is significantly higher in iDH compared to both normals and iSH even after adjustments for known covariates. Autonomic hyperactivity in iDH may speak to both etiology and therapeutic approaches. iDH appears to be a distinct clinical phenotype characterized by differences in anthropometric meas
learn more
Based on the graphene floating gate, a tunable terahertz metamaterial absorber is proposed. Compared with the traditional graphene-dielectric-metal absorber, our absorber has the property of being non-volatile and capacity for anti-interference. Using the finite element method, the paper investigates the absorption spectra, the electric field energy distribution, the tunability and the physical mechanism. In addition, we
ragnarok classic android ragnarok
We are devoted to offering a server the place Indonesian Ragnarok gamers, Philippine Ragnarok fans, and Malaysian gamers really feel at home, all while sustaining a lag-free, balanced expertise. RevivalRO stands out as the most effective Pre-Renewal server, redefining the Ragnarok Online personal server landscape with innovative options and balanced gameplay. Join the ri
best fridge brands
Leading 5 Fridge Brands in the UK
SMEG is understood for its premium fridge freezers, with trendy styles that will make your kitchen area stand out. They also provide a vast array of colours and surfaces to select from.
According to Statista, Beko
automatic vacuum
How Robot Hoovers Can Improve Your Home
Many robots come with mapping capabilities that allow them to remember the layout of your house. This can help them avoid hitting into furniture or other obstacles, cleaning more thoroughly.
Choose a robot with a long battery life and large du
Cepharanthine cell line
These findings remark the importance of improvement in bacteriological quality of raw milk and cross-contamination prevention with diarrhoeagenic E. coli in the dairy industry.YKL-40, also known as chitinase-3-like 1 (CHI3L1), is a glycoprotein that is expressed and secreted by various cell types, including cancers and macrophages. Due to its implications for and upregulation in a variety of diseases,
dual fuel range cooker sale
Choosing a Range Dual Fuel Cooker
A dual fuel range can enhance the value of your home and make entertaining easier. If installed by a professional it requires a gas outlet as well as a power outlet.
The experts in Good Housekeeping Institute’s Kitchen Appliances and Innovation Lab have tried a variety of range models. Our range of s
Vardenafil
The master clock in the suprachiasmatic nucleus (SCN) of the hypothalamus provides a temporal pattern of sleep and wake that – like many other behavioural and physiological rhythms – is oppositely phased in nocturnal and diurnal animals. The SCN primarily uses environmental light, perceived through the retina, to synchronize its endogenous circadian rhythms with the exact 24 h light/dark cycle of the outside world. Th
Abexinostat solubility dmso
OBJECTIVE To identify and analyze the scientific evidence of nutritional interventions performed in children and adolescents with Autism Spectrum Disorder. DATA SOURCES A systematic review was conducted in the MEDLINE, Cochrane Library, Embase, LILACS, Google Scholar, PubMed, PsycINFO and Periódicos CAPES databases, using a search strategy to identify studies published between January 2003 and March 20
robot vacuums cheap
The Best Robot Vacuums
The top robot vacuums are able remove fine dust particles and other debris on hard floors and carpets with low pile. automated vacuum are also adept at picking up bigger debris like metal screws, Orzo pasta and even pet hair.
To speed up maintenance, choose one with an extensive bin. Many models are compatible with digital assistants and a
uPVC Soffits And Fascias rochester
Fascia and Soffit Repair Costs
If you notice dents, rot or cracks in your fascia and soffit material could be a sign that they need to be replaced. These materials are crucial in protecting your roof’s end from water damage.
Fascia boards are made of wood or PVC. They are easy to
Angiotensin II human
Rationale Previous studies showed that lumacaftor-ivacaftor therapy results in partial rescue of CFTR (cystic fibrosis [CF] transmembrane conductance regulator) activity and a moderate improvement of spirometry in Phe508del homozygous patients with CF. However, the effects of lumacaftor-ivacaftor on lung clearance index (LCI), lung morphology and perfusion detected by chest magnetic resonanc
best bunk bed for teens
Best Childrens Bunk Beds
Bunk beds are a fantastic option for bedrooms that are shared. They can also be a great way to save space and provide a stylish appearance to the room. The top bunk beds for kids are fashionable practical, durable, and strong with the right safety features.
Parents lov
Navitoclax research buy
ANOVA analyses were conducted.
The analyses suggest that caregivers in the FVP had lower levels of anxiety and ambivalent feelings and a higher commitment to and satisfaction with their chosen values than the other profiles. No differences were found for commitment and satisfaction with the caregiving value.
Caregivers’ value pro
Alantolactone chemical structure
Scores for willingness to take drug again were also lower for RMZ versus MDZ, but not significantly so. We concluded that the abuse potential of RMZ is comparable to or lower than that of MDZ, a drug known to have a low potential for intravenous abuse.The challenge of quantitatively forming self-assembled hetero-dimers without other equilibrium by-products is overcome through self-sorting favo
selleck chemicals
Moreover, one case also necessitated rectosigmoidian resection followed by colorectal anastomosis. In all cases no residual disease was encountered at the end of the debulking surgery. CONCLUSION Urinary tract resections might be needed in order to maximize the debulking effort in patients presenting endometrial stromal sarcomas. BACKGROUND/AIM During the last decade it has been widely demonstrated that venous inv
Smart pole
Because urban landscapes carry on to evolve, the particular integration of technologies into our everyday environments has become increasingly essential. Between the innovations shaping the future regarding smart cities, wise poles are emerging like a pivotal aspect in this modification. These multifunctional avenue fixtures represent some sort of leap forward inside urban infrastruct
Read the Full Write-up
Natural ADD Treatment
Many people with ADD think medication is the only option, but stimulant pills aren’t suitable for everyone and can have serious adverse negative effects. There are a variety of natural solutions that have been proven to decrease the symptoms of this disorder, including inattention, lack of focus procrastinati
You’ll Never Be Able To Figure Out This Audi Lost Key’s Tricks Audi
Lost key [telegra.ph]
A How-to Guide For Adult Toys Store Near Me From Beginning To End lelo Adult Toy
check details
Future global warming estimates have been similar across past assessments, but several climate models of the latest Sixth Coupled Model Intercomparison Project (CMIP6) simulate much stronger warming, apparently inconsistent with past assessments. Here, we show that projected future warming is correlated with the simulated warming trend during recent decades across CMIP5 and CMIP6 mode
EGFR inhibitor
In this work, the influence of water on the adsorption of mercury is systematically investigated on basic and washed activated carbons. Breakthrough curves were measured and temperature-programmed desorption (TPD) experiments were performed with mercury and water. Both physisorptive and chemisorptive interactions are relevant in the adsorption of mercury. The experiments show that the presence of water in the pores promotes
bedside cot 6 months plus
Bedside Cot Newborn
Newborns need a safe and cosy confined space for sleep. A cot with a bedside position lets you easily reach your baby at night for feedings and comfort.
It also has a storage area, which is perfect for storing extra nappies and blankets to change your baby’s diapers ever
french door lock repairs
How to Fix a Broken French Door Window
French door windows are a classic feature of any house. These beautiful doors are susceptible to being damaged or malfunctioning over the course of time.
You can fix a lot of these issues yourself by performing a few maintenance. Learn the secrets of French door
selleck inhibitor
2 cm3, 95% confidence interval 5.2 to 65.2 cm3) smaller in volume than the muscles on the non-paretic side, and 16% (36.9 cm3, 95% confidence interval 3.1 to 70.6 cm3) smaller than in control participants. No statistically significant differences between paretic, non-paretic and control muscles were detected for fascicle length, pennation angle, physiological cross-sectional area or curvature. CONCLUSIONS People wi
GSK343
Recovery plans are currently being discussed or implemented and the environmental and health impacts of those plans are not clearly foreseen. Clearly, COVID-19 will have a long-lasting impact on the environmental health field and will open new research perspectives and policy needs.Emerging evidence indicates that non-mutational drug tolerance mechanisms underlie the survival of residual cancer “persister” cells. Here, we fin
MK-5348
The aqueous-phase reaction of dimethylarsinc acid (DMAs(V)) with NaBH4 (THB) was studied under non-analytical conditions (1000 μg/mL As, 0.1 M HCl, 1% NaBH4) with the aim of identifying intermediates and reaction products. The use of direct analysis in real time (DART) with high-resolution mass spectrometry (HRMS), in combination with two different chemical vapor generation systems, allowed the identification of some spec
NVS-STG2
BACKGROUND Attention deficit hyperactivity disorder (ADHD) is the most common neurodevelopmental disorder among children but symptoms may persist into adulthood. At Landspitali – the National University Hospital an interdisciplinary unit is responsible for ADHD-diagnosis and for commencing treatment of adult ADHD. The aim of this study is to evaluate the effectiveness of pharmaceu-tical treatment provided by the unit and
Cy7 DiC18
This paper concludes with a discussion of the implications of these findings and suggestions for future studies.
Subthreshold depression is a common mental disorder in late life. Increasing studies have supported the positive effects of exergames to subthreshold depression. The current study aims to investigate how play mode potentially affects exergames’ effects on subthreshold depression among
this website
Low-phosphorus (low-P) stress has a significant limiting effect on crop yield and quality. Although the molecular mechanisms of the transcriptional level responsible for the low-P stress response have been studied in detail, the underlying epigenetic mechanisms in gene regulation remain largely unknown. In this study, we evaluated the changes in DNA methylation, gene expression and small interfering RNAs (siRNAs) abund
adhd natural treatment
Treating ADHD With Medications
Many adults with ADHD have other mental health issues, such as anxiety or depression. These conditions can impact how ADHD medication works and vice the other way around.
To evaluate the symptoms of a patient, health care providers use standard ADHD rating scales and psychometric tests. They may
buy pallets uk
How to Find Pallet Near Me
Pallets are available in many places including construction sites and home improvement shops. Some companies will allow you to use their wooden pallets for free of charge. You can find new ads on Craigslist by checking the free section frequently.
Stores which receive pallets for shipments often have
car ghost immobiliser
Ghost Installations Review
Ghost Installations is a group of highly-skilled TASSA registered installers that covers Hampshire, Dorset, and West Sussex. They can install the Ghost Immobiliser in a couple of hours at your workplace or at home and will give you owner’s instructions and a certificate of installation and a complimentary Ghost 2 emergency card. They will also show
range style dual fuel cookers
Range Cookers Dual Fuel
Dual fuel range cookers mix gas and electric heating to give you the best of both. They permit instant temperature adjustment in the oven and precise baking or roasting results on the cooktop.
These appliances are perfect for chefs who like
https://www.selleckchem.com/products/ca-170.html
INTRODUCTION Glioblastoma is a very aggressive cancer with dismal prognosis despite standard of care including surgical resection, radiation therapy, and chemotherapy. There is interest in applying immunotherapy to glioblastoma as this modality has demonstrated remarkable improvements in the management of several solid tumors including melanoma, renal cell carcinoma, and non-small cel
cheap bedside cot
Bedside Cot Newborn
Newborns require a safe snug, cozy and secure sleeping space. A bedside cot newborn lets you easily reach your baby during night feedings and soothing.
It has an area for storage that is perfect for nappies and blankets for those morning nappy changes. MFM mum home tester Roanna was
thor311
Memperoleh Keuntungan Berlipat Double dari Permainan Judi Online! Di artikel ini kali bakal kita kaji kalau perjudian dalam judi kasino online dapat dimainkan oleh beberapa pemain terutamanya pemain pemula. Mereka akan memperoleh juta-an rupiah dari keuntungan dari permainan yang mereka permainkan awalnya. Satu diantaranya pengalaman yang bisa diperoleh ketika bermain judi online utamanya mesin slots ialah suatu yang akan tidak Anda lupakan kedepan.
<b
VLS-1488 ic50
both the upper and lower respiratory tracts.Guanylate-binding protein 7 (GBP7) belongs to the GBP family, which plays key roles in mediating innate immune responses to intracellular pathogens. Thus far, GBP7 has been reported to be a critical cellular factor against bacterial infection. However, the relationship between GBP7 and influenza A virus (IAV) replication is unknown. Here, we showed that GBP7 exp
best fridge brands
Top Fridge Freezer Brands
When purchasing a fridge freezer, take a look at customer service alternatives and warranty terms to determine how simple it will be to get repairs. Try to find brands that offer 24/7 consumer assistance and provide a range of cost effective warranty choices.
LG
Peficitinib
242), KOOS-PS (p = 0.088), VR-12 PCS (p < 0.2757), VR-12 MCS scores (p < 0.075)]. There were statistically significant baseline differences between responders and non-responders (patients lost to follow-up), but differences were small and not clinically relevant. PROMs were not significantly different between 1- and 2-year time points for THA and TKA. Minimal demographic or baseline differe
DDR inhibitor
Recent studies identified a redistribution of positive mechanical work from distal to proximal joints during prolonged runs, which might partly explain the reduced running economy observed with running-induced fatigue. Higher mechanical demand of plantar flexor muscle-tendon-units, e.g., through minimal footwear, can lead to an earlier onset of fatigue, which might affect the redistribution of lower extremity joint
car ghost immobiliser
Ghost Immobiliser Installation Near Me
Immobilisers are an essential security feature for your car that will prevent theft. It is simple to install and requires an authorization code to begin the vehicle. This makes it difficult for thieves to copy your key fob signal and take your car.
It’