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.
Hamlin-Schwibbogen Französische Bulldogge
Before You Buy a French Bulldog
If you’re considering getting having a French Bulldog for a pet or adding them to your breeding program it’s important that you consider a number of elements. Pet owners can consider the coat color and color preference as well as temperament, personality and.
<
税制改革
In recent months, the Japanese yen has faced significant depreciation in typically the foreign exchange marketplaces, a trend that holds both promise and peril for that nation’s economy. Similarly, a weaker yen bolsters the competition of Japanese exports, making them considerably more affordable for foreign buyers and probably boosting export progress. This can supply a much-needed lifeline to the export industry, specifically as Ja
nagano fat burning tonic reviews
✔️Nagano Tonic Official Website: 🔥 nagano-tonic-reviews.shop/ 🔥
In Nagano in Japan, there exists a destination that is mystical since the “spring of youth”.Here is merely a magical nectar called Nagano Tonic, which will be quietly changing the medical insurance and br
15 Things You Don’t Know About Adults ADHD Test Adhd Test Free
treatment for add in adults
ADHD Treatments For Adults
Stimulants, like methylphenidate and amphetamine, are the first treatment most doctors recommend. They aid in balancing levels of two chemical messengers within the brain. Atomoxetine (Strattera) and antidepressants also can alleviate symptoms, but they work more slowly.
<b
テクノロジー導入
The ongoing depreciation of the yen has sparked intense discussions within economic circles, presented its profound effects for Japan’s economic climate. Similarly, a weakened yen is commemorated like a boon for the export sector, enhancing price competitiveness in global marketplaces. Japanese manufacturers could sell their products abroad at more desirable rates, potentially traveling export growth and improving the nation’
4-in-1 bedside crib
What Is a Bedside Cot?
Bedside Cots are a bassinet-style cot that can be attached to the bed’s side. They come with an adjustable or drop-down side that makes it easier to feed and pick up your baby at night.
They are a great alternative to bed-sharing, which is not recommended by experts a
french door hinge repairs
French Door Lock Repair Near Me
Door locks are an essential element of home security. They keep intruders out, but they can wear out and require repairs. These problems make it easier for burglars to gain access to your home.
If your euro lock is hard to lift it could be because the keyhole is bloc
https://hokiactive.com/
ketika bermain judi slots online, karena itu tiap-tiap betaruh mesti tahu beberapa jenis dari mesin yang dipakai dalam permainan itu. bahkan juga supaya lebih ringan meraih kemenangannya, jadi tiap-tiap pemain harus tahu keunggulan serta kekurangan dari mesin slots alternatifnya. dengan demikian peluang buat dapat menang serta bisa untung dapat semakin besar.
harus memahami batasan dari taruhannya
<b
updated blog post
A Robot Mop Is a Great Addition to Your Home Cleaning Routine
A robot mop is a machine that can vacuum and mop floors without causing damage to carpet. They are made for hard surfaces, such as tiles, vinyl and wood floors.
Most models come with a base which holds a tank for clean water and a second one for dirty water. The tanks need to be filled regularly and emp
cong ty ban mai
Trong ngành công nghiệp ô tô ngày càng phát triển mạnh mẽ, việc sở hữu các thiết bị sửa chữa ô tô chất lượng cao là yếu tố quan trọng giúp các gara và trung tâm sửa chữa nâng cao hiệu quả công việc. Công ty Bán Mai, với hơn nhiều năm kinh nghiệm trong lĩnh vực phân phối thiết bị sửa chữa ô tô, đã và đang trở thành lựa chọn hàng đầu của nhiều khách hàng. Với các tiêu chí về chất lượng, dịch
kaufen oder adoptieren
Hamlin Candle Arch French Bulldog
Frenchies are susceptible to a myriad of health issues and have a short lifespan. This includes breathing problems, eye problems and skin issues.
This manuscript shows that it is possible to breed French bulldogs that breathe normally. However there is a lot of work to be accomplished. It is hoped concerted sele
https://vitarosashop.com/wp-content/uploads/2024/07/mbrance-.jpg
Wprowadzenie do preparatu Tretussin Junior
Preparat Tretussin Junior jest przeznaczony specjalnie dla dzieci w celu zmniejszania objawów kaszlu.
Do czego służy Tretussin Junior
Czemu warto wybrać Tr
What’s The Job Market For Gas Central Heating Engineers Near Me Professionals
Like? gas central heating engineers Near me
コスト削減戦略
The recent fall from the yen has become a focus within discussions surrounding Japan’s economic landscape. Because , the implications to the export industry will be significant, creating both opportunities and issues. On one side, a weaker yen enhances the competition of Japanese exports in the worldwide market, potentially increasing growth in international sales. However, 株式市場のグローバル影響 features a downside, as rising import prices place raisi
branded refrigerator
Which Fridge Freezer Brands Are Best?
If you’re in the marketplace for a brand-new fridge freezer, consider your concerns and preferences. Whether you’re trying to find an energy efficient design or something stylish, there are brand names to match every taste.
LG tops many ‘best fridge freezer’ lists with their roomy, properly designed French doo
経済安定のための金融政策
Typically the recent depreciation with the yen has caused significant discussions regarding its dual impact on the Japanese overall economy. Because the yen will lose value against additional major currencies, Japan’s export industry discovers itself in some sort of more competitive location in global market segments. A weaker yen means that Japanese people products become less costly for foreign customers, potentially boosting export gro
Best Dentist For New Patients
Welcome to our dental practice in Cypress, TX! If you are a new patient seeking restorative dental services, you have come to the right place. Our experienced team is dedicated to providing top-notch care to help you achieve a healthy and beautiful smile. During your initial consultation, we will take the time to understand your unique needs and create a personalized treatment plan that fits your goals and budget. and take
hole in wall bioethanol fires
Wall Mounted Ethanol Fireplaces From Art Fireplace
Ethanol wall mounted fireplaces offer a modern clean-burning alternative that produces lively flames and actual heat. They are simple to fuel, change and extinguish.
They need no chimney and produce very little smoke and carbon monoxide. They’re likewise much less expensive than a standard gas or w
The 10 Scariest Things About LG Fridge lg Fridge
bedside co sleeper
Choosing a Large Bedside Cot
Bedside cots (also called co-sleepers or bassinets) are designed to let parents snuggle with their infant at night without risk of SIDS. However they are only recommended for use up to 6 months when your baby is required to be moved into a cot or moses basket.
MFM home tester Mehack lov
https://sv88.lgbt/
Nhà cái luôn là nơi yêu thích của người chơi khi muốn trải nghiệm giải trí. Với sự phát triển của công nghệ trực tuyến, các casino online mang đến cho người chơi cơ hội cá cược trực tuyến hấp dẫn và thú vị. Cá cược thể thao online giúp bạn có thể tham gia mọi lúc, mọi nơi mà không cần phải đến sòng bài.
Các casino online hiện nay cung cấp rất nhiều game cá cược hấp dẫn như bài cào. Bên cạnh đó, bạn còn có
treatment for add in adults
How to Treat ADHD in Adults
The symptoms of ADHD can persist throughout adulthood. The symptoms may be different but they’re the same.
It is possible that you have trouble sleeping, wake up often, or toss and turn during the night. It can also be a problem remembering things, making it difficult to study for taking a test
best bunk bed with trundle
The Best Made Bunk Beds Are Built to Last
Bunk beds maximize space and are a great option for children. This model is Greenguard Gold Certified, ships fully assembled, and includes a ladder that doesn’t jut out.
It comes with slats at each level, which remove the need for box spring and support mattresses of any thickness
symptoms of ADHD in adult women
ADHD Symptoms in Adult Men
Men with ADHD might have difficulties both at work and in their private lives. They may begin but never finish their work and are troubled with their moods.
A thorough evaluation will examine a variety of factors, includin
best cheap bunk beds
How to Choose the Best Bunk Bed
A bunk bed can help save space in a bedroom shared. It should be stylish, safe, and sturdy.
Choose a solid wooden bunk bed with a modern finish that doesn’t look old as kids grow up and out of it. Try a slatted design with a wire-brushed l
https://vnkubet.org/
Each sports book sets a maximum and minimum betting limit for each sport. For online betting, the usual minimum betting rate is $10, $50 if it done through a call company. The maximum limit may vary, but it sometimes can go higher than $10,000. Each operator or sports book may impose different limits in betting, and is the responsibility of the bettor realize these figures before signing on for membership or paying any way of fees.
<b
Hamlin-Schwibbogen Französische Bulldogge
French Bulldog For Sale Puppies
Frenchies are a friendly breed of dog that love to lay around and take napping. They only require a little exercise every day, such as playing or taking a walk. They are brachycephalic, and they cannot cool themselves down easily. Avoid intense exercise in hot weather.
tempat hipnoterapi di malang
Kesehatan mental dan emosional semakin menjadi perhatian utama dalam kehidupan modern day. Di Malang, hipnoterapi menjadi salah 1 solusi efektif buat membantu mengatasi banyak masalah emosional, shock, kecanduan, hingga menaikkan kualitas hidup. Oleh banyaknya klinik kemudian praktisi yang mempromosikamn layanan ini, bernilai untuk mengetahui area dan layanan terbaik yang tersedia. Df ini memberikan analisis mendalam te
amazon dual fuel range cookers
The Best Value Dual Fuel Range Cooker
Addition of a dual-fuel range cooker is a great upgrade for your kitchen. It can also increase the value of your home. However, it’s important to know the costs involved to make an informed decision.
This dual fuel range cooker comes with a gas cooktop and electric oven offering the best of both worl
Recommended Looking at
Choosing the very best Fridge For Your Home
Picking the very best fridge has to do with more than simply the ideal cost. The brand you select ought to likewise have the right functions for your home and deal with your spending plan.
GE makes terrific full-sized fridge-freezers, and their compa
Dental Exams And Cleaning For New Patients
Welcome to our dental clinic in TX 77450! If you’re a first-time visitor looking for comprehensive dental care, you’ve come to the right place. Our team is dedicated to providing top-notch services to ensure your oral health is in tip-top shape. From routine cleanings to advanced treatments, we offer a wide range of services to meet your needs. Schedule your comprehen
adult female ADHD symptoms
ADHD Adult Female Symptoms
ADHD can affect women and men, however it’s more difficult for women to recognize it. It’s because women don’t often exhibit the same hyperactivity or impulsivity that men do, which means they can be missed or misdiagnosed.
The first step to manage your symptoms is to
kaufen oder adoptieren
How to Buy a French Bulldog
A purchase of a French Bulldog is an exciting but a daunting experience. It is essential to find a reputable dog breeder who can answer all your questions and not try to conceal everything.
You should also search for a breeder that does health tests
symptoms ADHD in adults
Inattentive ADHD in Adults Symptoms
Do you often find yourself lost in your daydreams, ignoring appointments, or making careless mistakes at work? These are signs of inattentive ADHD in adults.
ADHD people struggle to stay focused whether at school, work or home. They frequently lose their keys or forg
more tips here
ADHD Hyperactivity Symptoms in Adults
Anxiety, sleep problems and other mental health issues can cause symptoms that mimic the symptoms of ADHD. To determine the correct diagnosis, an expert in mental health or health care provider must conduct a thorough examination.
Treatment could inc
travel cot bedside
Buying a Bedside Crib For Travel
The dimensions of this crib are perfect for mums. It’s bigger than a Moses Basket but smaller than a Cot Bed. It can also be folded down to just a quarter of its size and fit into a handy bag for travel.
Remember that the crib is intended for slee
emergency gas engineer buckingham
Boiler Fixes in Buckingham
If your boiler isn’t warming your home, it may need a repair. This issue might be caused by a range of elements, consisting of damaged parts and air obstructions.
It’s important to arrange regular upkeep visits
hoki311
Sukses pada permainan taruhan judi online merupakan asa banyak orang-orang tapi rupanya untuk dapat mendapat itu semua tidak simpel. Terdapat banyak hal yang penting anda melakukan biar Selanjutnya Anda dapat sukses pada permainan itu juga termasuk di mana Anda harus mengerti dan paham terkait bagaimana biar anda dapat saja pemain yang professional. Semuanya itu pastinya bakal ada proses serta trik juga sekaligus kiat yang dapat dipakai biar anda
中小企業支援
In typically the intricate dance associated with global finance, the actions of central banks often serve while the guiding flow, setting the build for market dynamics. Among them, the lender of Japan keeps a pivotal place, significantly influencing stock exchange trends and trader sentiment both domestically and internationally. As being of your low-growth environment, the Bank of
17 Signs You’re Working With How Much Is A Private ADHD
Assessment Private adhd assessment west yorkshire (griffinogteq.Dailyblogzz.com)
10 Things That Your Family Taught You About Cheap Cots cheap cots (https://Images.google.com.gt/)
BOLA, BOLA BASKET, BOLA MOLTEN
Mrpb Mobil yang berupa perbengkelan ahli AC mobil dan tune up, melebarkan sayap bisnisnya dengan terbuka cabang di Medan, Sumatra Utara , (Sumut).
Mrpb Mobil yang merupakan perbengkelan spesialis AC mobil dan tune up, melebarkan sayap bisnisnya dengan membuka cabang di Medan, Sumatra Utara , (Sumut). Cabang ke-37 Mrpb Mobil ini berlokasi di Jalan Frans Nala, Kompleks Ruko Indrajaya, Medan.
13 Things You Should Know About Veleco Mobility Scooter Reviews That You Might Not Have
Known Veleco bike – https://olderworkers.com.au,
lees dit artikel
Om deze moeite te besparen is het inhuren van een tegelzetter een zeer verstandige keuze. Echter is dit wel een stukje duurder dan dat u het zelf zou doen. Toch zijn er genoeg manieren om geld te besparen op een tegelzetter. Hieronder leest u meer over de kosten van een tegelzetter. met de aanvullende materialen die de tegelzetter nodig heeft, om de werkzaamheden uit te voeren.
<div style="border:grey
french door hinge repairs
How to Reduce the Cost of Replacing a Window With French Doors
French doors are a common choice to open onto gardens and patios. They can also be used to divide two rooms. Usually, they are made out of uPVC and have double glazing. However, they can also be constructed from aluminium or timber.
The
企業投資支援
The Japanese people economy stands in a critical crossroads, where the search of robust financial growth should be naturally balanced with the have to have for long-term balance. With its exclusive set of challenges, which includes an aging populace and a complex labor market, Japan offers found itself browsing through a tightrope in between revitalizing its growth and maintaining a stable economic atmosphere. In a place where techno
cong ty ban mai
Trong ngành sửa chữa ô tô, việc trang bị thiết bị hiện đại và đồng bộ là điều kiện tiên quyết giúp các xưởng dịch vụ đạt được hiệu quả cao nhất. Dưới đây là danh sách các thiết bị quan trọng mà mỗi xưởng sửa chữa ô tô không thể thiếu.
1. Cầu Nâng Ô Tô
Cầu nâng đóng vai trò quan trọng trong việc nâng hạ xe để kiểm tra và sửa chữa phần dưới.
nagano tonic
✔️Nagano Tonic Official Website: 🔥 nagano-tonic-reviews.shop/ 🔥
This system has tripped a revolution in bodybuilding and weightloss globally, and contains now end up being the gospel of countless individuals’s quest for health insurance and beauty.Today, let us expose the truth behind this myth into the remote Nagano, Japan, there was a mystical destination referred to as the “spring of
日本の産業政策
The Japanese people economy finds alone at an essential crossroads, striving to accomplish a delicate equilibrium between your twin targets of economic progress and stability. Since the nation grapples with a selection of connected with each other challenges, including the aging population in addition to sluggish productivity, policymakers are tasked with implementing effective fisca