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.
Cinchocaine ic50
012). Patients with a marked “dawn” phenomenon exhibited a lower probability for low (<4.4 mmol/L) and a higher probability of high values (>7.2 mmol/L) during the dawn period (all
values <.01).
We observe substantial interindividual heterogeneity in the “dawn” phenomenon. However, widely different empirically derived basal insulin infusion p
Oxalacetic acid
Kidney Transplant Individual Perceptions To a SARS-CoV-2 Vaccine.
Oxytropis falcata Bunge, known as “the King of Herbs” in Tibetan medicine, is used for treatment of hyperpyrexia, pain, wounds, inflammation and anthrax. However, it is difficult to isolate compound with high-purity from O. falcata because of its complexity. In this work, an efficient method was successfully established for
My brother recommended I might like this website.
He was entirely right. This post actually made my
day. You cann’t imagine simply how much time I had spent for this
information! Thanks!
Also visit my blog post … abditogel
french door glass replacement spalding
French Door Repairs Near Me
French doors allow natural light to flood your home by blending outdoor and indoor spaces. They are also renowned for their aesthetics and security. A proper maintenance routine can make sure that they last for many years.
Shore Windows offers French door glas
ADHD and adults symptoms
Symptoms of ADHD in Adults Women
Signs of ADHD in women who are adults can be harder to recognize than men due to the fact that women tend to develop coping mechanisms to mask their symptoms, says Dr. Frank. Fortunately, lifestyle support and medication can help them improve their functioning and quality of
Ixazomib cell line
Third, we need to refocus our efforts in dealing with this pandemic from the virus itself to the human hosts. An objective morbidity risk index can be developed such that most of us can go about our daily business without the fear of becoming seriously ill, while measures can be implemented to protect those who are most vulnerable to this virus. These observations point clearly to a need for a paradigm shift.Agi
https://www.selleckchem.com/products/cirtuvivint.html
Automated medical technology is becoming an integral part of routine anesthetic practice. Automated technologies can improve patient safety, but may create new workflows with potentially surprising adverse consequences and cognitive errors that must be addressed before these technologies are adopted into clinical practice. Industries such as aviation and nuclear power have d
stevenage uPVC Soffits And Fascias
Fascia Installation Near Me
Soffit and facia boards protect your home from damage caused by moisture as well as pests and moisture. They also enhance your home’s overall curb appeal.
Depending on what you prefer, you can choose between vinyl, wood, or aluminum. This article will g
Selleck MLN0128
Somapacitan is a long-acting, once-weekly, albumin-binding growth hormone (GH) derivative. The reversible albumin-binding properties leads to prolonged circulation half-life. Here, we investigated and compared somapacitan with human GH on downstream receptor signaling in primary hepatocytes and hepatocellular models and using isothermal titration calorimetry to characterize receptor binding of somapacitan in the pres
best fridge brand uk
How a Branded Refrigerator Can Help Your Brand Stand Out
A fridge is among the most vital kitchen appliances. A high-quality fridge will keep your food fresh for a long period of time and conserve energy, which can conserve you cash throughout the years.
When selecting a fridge, consider
st-albans french door handle repairs
French Door Window Frame Replacement
French door frames allow natural light and fresh air to flow into the room. They also add charm and a romantic aesthetic.
French door glass repair usually involves replacing the panes. This process is similar to repairing sliding window glass. However
LY3214996
In fully-adjusted models examining indices of functioning, no association was found between life-stage at recovery entry and current self-esteem, happiness, or distress, but an association was found between young adult recovery entry and better current functioning and QoL. This effect was even more pronounced during the first 5-years of recovery.
Irrespective of current age, durat
RVX-208
Tongue-deviating oral stents (TDOS) are commonly used during unilateral neck radiation therapy to reduce unnecessary dose to nontarget oral structures. Their benefit in the setting of highly conformal treatment techniques, however, is not defined. The goal of this study was to investigate the potential benefit of TDOS use on dosimetric parameters in unilateral intensity modulated radiation therapy (IMRT) and intensity modul
Binimetinib cell line
047) and with higher training volumes (P less then 0.001) were more likely to report a medical illness. Seventy-three percent of athletes felt pressured by their sport to alter their physical appearance to conform to gender ideals with 15% engaging in disordered eating practices. Barriers to communicating female health issues included male coaches and support staff, and lack of quality information pertaining to
Some Wisdom On Tree House Bunk Bed With Stairs From The Age Of Five
canopy bunk bed
free reverse phone lookup spy dialer
In today’s modern world, personal data can be very easily accessed and distributed, raising concerns concerning privacy and protection. One tool which includes gained attention for its ability to look up personal details is SpyDialer. This particular website allows users to perform inverted phone lookups plus find information regarding men and women based on their phon
Buy morphine Online
In today’s fast-paced world, convenience is a top priority for many individuals. The ability to purchase products and services online has revolutionized how we access what we need, and healthcare is no exception. If you’re considering buying Percocet online, it’s crucial to do so safely and responsibly. This article will guide you through the process, ensuring a positive experience while prioritizing your health and well-being.
find more
Breast cancer (BC) is the most frequently diagnosed tumor in women worldwide. Although the combination of surgery and Taxol chemotherapy can achieve a certain therapeutic effect, patients often develop drug-resistance, resulting in a poor prognosis. Therefore, it is significative to seek the molecular mechanism of chemotherapy resistance. Recent studies have found that abnormal epigenetic regulation in breast cells chan
High-Quality Factory-Made Pallets
Why Use a Wooden Palette For Oil Painting?
Traditionally wooden palettes have been used to paint oil. They are light, durable and easy to clean. They also look beautiful.
of artists working have survived. Some depict an unfinished wooden palette similar to the ones Vermeer employed.
To make a wooden palette wip
5 Laws That Anyone Working In Link Collection Should Know 링크모음
10 Steps To Begin The Business You Want To Start Oven With Hob Business kitchen
travel cot bedside crib
The Silver Cross Slumber Bedside Crib Travel Cot
It is designed for divan beds, this bedside crib is easy to put together. The instructions are a little difficult to follow since there is a specific sequence in which you have to place the pieces however MFM test subjects found it easy to follow once they got used to it.
It folds up compactly and quickly,
https://www.selleckchem.com/products/ZM-447439.html
Challenging emergency caring situations can contribute to compassion fatigue and burnout among emergency nurses. These variables have been widely researched, although not among Chinese nurses. Pertinent findings will extend the international literature in this domain.
This study aimed to develop and test a model that delineates the predict
click here
We expanded our current Centers for Disease Control and Prevention triplexed real-time polymerase chain reaction scheme identifying 11 individual serotypes and 10 serogroups to a quadriplex format identifying 34 individual serotypes and 13 small serogroups, 4 antibiotic resistance determinants, pilus targets, and penicillin susceptibility. Newly developed assays are specific for serotypes/serogroups, are sensitive (10 co
What Is Best Oven Uk And Why Are We Speakin’ About It? Best ovens uk
read more
In summary, this approach is a necessary step in male fertility evaluation. Together with a clinical information, it is indispensable for planning the appropriate clinical management and tacking care in male health.In order to find a connection between the alteration of oral tissues and genetic predisposition to inflammatory and destructive processes in oral media, the cytokine profile of the oral fluid of clinically heal
Selleckchem BTK inhibitor
Numerous studies investigating an association between the matrix metalloproteinase-1 (MMP-1) gene rs1799750 polymorphism and breast cancer (BC) risk have reported inconsistent results. Therefore, this meta-analysis was undertaken to obtain a more precise estimate of the possible association between this genetic locus and BC susceptibility. Methods Eight eligible studies involving 3439 cases and 3517 controls were ident
pallets near me
How to Sell Pallets Near Me
Many businesses have unused pallets in their facilities. They may not have enough space to store them and would prefer to sell them instead of throwing them away.
You can earn lots of money using pallets for liquidation, but you must conduct some researc
https://ironbuttgoldwingers.com/
Trading menjadi satu diantara kegiatan keuangan yang kian termashyur di zaman digital. Banyak pribadi mulai berpindah ke trading sebagai salah satunya metode buat mendapat keuntungan secara fleksibel. Kesibukan ini sertakan jual membeli instrument keuangan, seperti saham, forex, atau kripto, dalam periode waktu spesifik guna mendapat keunt
MPI-0479605 inhibitor
Surface-enhanced Raman spectroscopy (SERS) has become a growing ultrasensitive analytical technique to quantify toxic molecules in foodstuffs. Monitoring the levels of chemical contaminants not only ensures food security but also offers a guideline on the production, processing, and risk analysis of consumer’s health protection. The objective of this study was to point out the possible challenges associate
short term finance
In today’s fast-paced economical landscape, mastering immediate finance can get the key to area code immediate success. No matter if you’re a business person seeking to bridge cashflow gaps or someone managing unexpected costs, the ability in order to make quick monetary decisions is essential. Immediate finance encompasses a variety of strategies built to address the urgent needs of organizations and consumers likewise. <
14 Smart Ways To Spend Your Leftover Media Wall Fires Near Me Budget 3 sided fire media wall
A mesothelioma lawyer can assist victims to file a lawsuit or
trust fund claim against asbestos Compensation.
Legal proceedings can be speeded up to ensure that victims receive the
compensation they are entitled to.
best bunk beds for small spaces
How to Choose the Best Triple Bunk Bed
The triple bunk is an upgrade to the toddler floor bed that your children have outgrown. It is a safe and stylish solution for a fun and efficient sleep.
The best triple bunk features full-length guard rails as well as an slatted foundation that
4 seater leather sofa sale
Choosing a 4 Seater Grey Leather Sofa
A four-seater sofa in grey leather is a great addition for any living room. It is crucial to pick the right sofa for your space, however. It shouldn’t take up too much space or make the space feel tight.
It must also be easy to m
What’s The Job Market For Leather Sectional Sleeper Sofa Professionals Like?
leather sectional Sleeper Sofa
Buy oxycontin online
In today’s fast-paced world, convenience is a top priority for many individuals. The ability to purchase products and services online has revolutionized how we access what we need, and healthcare is no exception. If you’re considering buying Percocet online, it’s crucial to do so safely and responsibly. This article will guide you through the process, ensuring a positive experience while prioritizing your health and well-being.
<b
Leaking toilets
Say Goodbye to Blocked Drains: 5 Effective DIY Solutions Are you sick and tired of coping with blocked drains Nothing at all ruins your entire day more than water backing up inside your sink or shower. Not really to point out the foul odor that fills your home. But dread not, because there are simple and effective do-it-yourself solutions to state goodbye to those pesky blockages. Browse on to discover five easy methods to unclog your
DEG-35
Our claim is that variations in viewpoint alignment are functional to the communicative context and intended outcomes of narratives. This is illustrated with the analysis of a corporate journalistic narrative that comprises both interactional and non-interactional aspects of storytelling. The concept of viewpoint alignment further explains the oral fundaments of narrative discourse in conversational storytelling and poses new
range style dual fuel cookers
Buying Second Hand Dual Fuel Range Cookers
A dual fuel range cooker is a premium appliance that has gas cooktops and an electric oven. The range cookers provide various benefits according to your preferences, such as temperature control that is responsive and the capability to utilize advanced techniques such as charcoaling.
<
Gas safety certificates buckingham
Why Landlords Need a Gas Safety Check
Landlords are needed by law to have their gas appliances and pipework examined annually. The examination is performed by a qualified professional and guarantees the safety of occupants.
In addition to ensuring complian
thor311
bila ada kamu ingin memainkan permainan games slots online, jadi selanjutnya anda mesti mengerti serta paham perihal cara-cara dan sejumlah panduan yang dapat anda pakai. terang kali jika ada beraneka tehnik dan trik yang sepanjang ini benar-benar udah bisa terbuktikan sukses. oleh karenanya sebisa-bisanya anda mesti belajar banyak mengenai cara-cara yang sangkanya dapat dilaksanakan.
perihal ini pada akhirnya
CA3 inhibitor
Introduction Lung cancer is the most commonly diagnosed cancer worldwide and is the leading cause of cancer death. Smoking is a major contributor to the pathogenesis of lung cancer. Cytochrome P450 2A6 (CYP2A6) is responsible for the metabolic activation of most tobacco carcinogens. CYP2A6 genetic polymorphism can cause variations in the human metabolism of xenobiotics. We performed this meta-analysis to determine the as
SN-001
Furthermore, women who self-reported being overweight pre-pregnancy were less likely to report receiving diet-related advice (OR 0.32; 95% CI 0.10-1.02; p = 0.05) than women who self-reported being normal weight pre-pregnancy. Findings indicate the need for increased communication and counseling between healthcare providers and Brazilian immigrant women about GWG, in particular for women with low acculturation levels and lang
selleck products
8%) had such a chance because of limited availability. The period of hospitalization to death in ICU group and non-ICU group was 15.9 days (SD, 8.8 days) and 12.5 days (8.6 days, P = 0.044), respectively. CONCLUSIONS Mortality due to COVID-19 pneumonia was concentrated in old people whose age was always above 65 years, especially those with major comorbidities. Patients admitted to ICU lived longer than those wh
bio ethanol fire wall mounted
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 spectacular and produce a really reasonable flame.
While bio ethanol fires are low-cost to run, they can not change your central heating unit. For that reason, they are best used
selleck products
A formulation of analytic energy first derivatives for the coupled-cluster singles and doubles augmented with noniterative triples [CCSD(T)] method with spin-orbit coupling included at the orbital level and an implementation for evaluation of first-order properties are reported. The standard density-matrix formulation for analytic CC gradient theory adapted to complex algebra has been used. The orbital-re
High-Quality Factory-Made Pallets
What You Should Know About Used Pallets For Sale
If you’re looking to get into the used pallet business, you’ll require an automobile that can carry tons of wood. Standard pallets measure 48″x40″ that means you’ll need to use a van or truck with a high-sided side.
Large corporations generally have procedures in the place to re
Buy oxycontin online
Dilaudid, also known by its generic name hydromorphone, is a trusted prescription medication widely used for managing severe pain. For those dealing with chronic conditions or post-surgical discomfort, the ability to buy Dilaudid online has revolutionized access to essential medication. This article provides an informative guide to the benefits, safety measures, and
second hand dual fuel range cookers
Dual Fuel Range Cookers
This Zline dual fuel 30-inch range comes with five burners, including an electric oven. It has a modern and sleek design that fits into many styles.
Stainless steel handles and knobs resist fingerprints and clean up easily. Avid bake