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.
emergency gas engineer buckingham
Central Heating Engineers in Buckingham
Doveguard Construction Ltd
. A malfunctioning central heating system can not only cause inconvenience, it can likewise posture a threat of carbon monoxide gas poisoning to your family. We can connect you with local Buckingham central heating engineers who are on call 24/7 365 days a year.
<
best refrigerator brands
The Very Best Brands For Fridges
Whether you’re shopping for a brand-new refrigerator or replacing an old one, it’s important to select a brand name that’s reputable and uses plenty of features. Consider elements like wise performance, ice dispensers and energy efficiency ratings to make the best choice.
Budget will likewise
ratu311
mesin permainan slots online memanglah bukan permainan yang asing sekarang ini. soal ini ingat perjudian kasino slots ini sudah jadi idola banyak bettor dan termasuk jadi permainan yang membahagiakan sekali untuk betting. sampai banyak bettor yang lebih memutuskan main masin slots dengan argumen jika permainan itu amat memberikan keuntungan sekali dalam betting.
selain tersebut, mesin slots termasuk jadi perma
range cookers uk
Dual Fuel Range Cooker With Hot Plate
Dual fuel ranges include gas cooktops and an electric oven to give you the best of both worlds. Dedicated cooks appreciate the responsive temperature control of gas, while bakers prefer the consistency of the electric oven’s heating elements.
These professional-style stoves deliver the power and accurac
faux leather sofa
L Shape Leather Sofa
L shaped sofas are great for saving space and are a great choice for small spaces. They are also durable and easy to clean. You can select from a variety of colors and fabrics.
This leather sofa with a l shape is made to last. It has kiln-dried wood to prevent warping, and spr
日本の株価
Japan stands at a new crucial juncture in its economic journey, grappling with all the twin imperatives of promoting growth while ensuring stability. As the world’s third-largest economy, Japan has long recently been admired for their resilience and innovation, yet it confronts several pressing challenges. An aging inhabitants, stagnant productivity, and even fluctuating external demand create a complex landscape for policymakers
französische bulldogge kaufen welpen
A French Bulldog For Sale in New York
A French bulldog is a significant investment. You’ll be required to pay for vet treatment and medication. You’ll also need to invest in toys and supplies.
Breeders who are not ethical often produce litters that
these details
Symptoms of ADHD in Adults Quiz
Adults with ADHD typically do not recognize or treat their symptoms. This online test can help you determine if you are experiencing symptoms of ADHD.
Each question is rated by how common the symptom actually is. It is not a diagnosis tool
Gas safety certificate buckingham
Gas Safety in Buckingham
Carbon monoxide gas poisoning is a very serious health danger that can eliminate in just hours. It is essential to have routine gas safety checks carried out by an engineer.
Landlords are required to have their homes examined yearly by Gas Safe registered engineers. This is so that they can make sure that the home appli
コスト削減戦略
The particular impact in the Lender of Japan’s plans on the currency markets is profound and diverse. As one regarding the leading main banks in typically the world, its judgements ripple through financial markets, influencing fascination rates, asset rates, and investor emotion. In a region where economic development has faced quite a few challenges over the decades, the lender of Japan has applied a range involving unconventional m
Ini situs terbaik VIUTOTO
hoki311
Ada beragam spek krusial di web judi online sah serta paling dipercaya. Beragam jenis spesifikasi penting ini sangatlah diperlukan oleh beberapa betaruh buat mendukung kesibukan pasang taruhan tiap-tiap hari. Dengan kemunculan feature – feature penting yang ada itu, permainan banyak betaruh dijamin jalan dengan optimal.
Pengetahuan perihal spek – spesifikasi penting serta berguna di website sah serta paling dipercaya memanglah lum
leather living room sets
Where to Find a Mid Century Leather Sofa
The right sofa can completely transform your living space, whether you prefer sleek lines or bold bases. To choose her options, Pineda considered price ranges, upholstery options, customizable options as well as return policies and shipping costs.
AllModern has a w
visit this website link
Best Auto Locksmith Near Milton Keynes
Locksmith services are available in a wide range of solutions from duplicate locks to replacement. They can also help prevent lockouts by installing sophisticated security systems and providing tips on the best practices.
Check for certifications and licensing when selecting
労働市場の変化
Lately, Japan has recently been grappling with the complexities of forex fluctuations, particularly the fall of the yen. This significant change in the change rate landscape has created a double-edged sword for your Japanese people economy. Similarly, the weaker yen features invigorated the export industry, making Japanese goods more competitively priced in global markets. It has led to heightened move growth, fostering global demand for Wes
travel cot bedside
Bedside Cot Sale – Get the Best Deals on Bedside Cribs For Newborns
These cribs are designed to sit just next to your bed. They make nighttime feedings and diaper changes a lot easier. They are also ideal for soothing babies back to sleep.
MFM mom Jasmine loved the fact that it was easy to move around the house and sturdy enough for her husband’s to
社会保障制度
Recently, Japan has been grappling with typically the complexities of currency fluctuations, specially the fall of the yen. This significant move in the trade rate landscape has created a double-edged sword for that Japanese economy. On one hand, a new weaker yen offers invigorated the export industry, making Japanese people goods more competitively priced in international markets. It has led to heightened export growth, fostering int
Nine Things That Your Parent Teach You About Single Stroller With Bench Seat
single stroller with bench seat [Porter]
brands of fridge
The Best Fridge Brands at Lowe’s.
When buying large appliances like refrigerators, you desire them to be trustworthy and look fantastic in your kitchen area. You also wish to be able to get customer care and guarantee help in a timely manner.
A couple of brand names stand out for
https://nagano-tonic-reviews.shop/
✔️Nagano Tonic Official Website: 🔥 🔥
In a society insurance firms a higher feeling of health today, a lot of people aspire to have fat that is perfect healthy systems.Facing a number of weight-loss items, Nagano Tonic, being an revolutionary option, quickly became a well known item within the hearts of customers along with its unique formula and excellent impacts.
https://euweedhub.com
is actually intricate for numerous people nevertheless by employing the tips we have contributed correct right here, you’ll get a increased grasp on things. For the most helpful outcomes, you need to have to basically pick one problem at a time never ever endeavor to discover out almost everything all in one particular go. The 1st point you need to do is actually make specific that you’ve got received a dependable grasp of your fun
hole in wall bioethanol fires
Include a Media Wall Bioethanol Fireplace
A media wall with a bioethanol fireplace is an outstanding method to add a centerpiece to your home. They are easy to install and do not require a flue or chimney.
Unlike an electrical fire, they produce genuine flames and radiate he
corp addresses
So, what’s the positive aspect? It is a simple scriptural point quantity of have wasted. free corp info During his sermon on the mount, Jesus said at Mat 5:5 “Blessed end up being the meek, for they shall inherit the earth”. What were these meek ones to get? A nuclear ball of wastefulness? NO. Jesus was quoting against the 37th Psalm which shows a great future for planet! All evil will be
best bunk beds on amazon
Picking the Best Bunk Beds
Bunk beds are ideal for saving space in a child’s room however, they’re not all created in the same way. Find a style that offers flexibility, like lower nooks which can be used as storage or a trundle for sleepovers.
Take note of the location of the
cong ty ban mai
Trong bối cảnh ngành ô tô ngày càng phát triển mạnh mẽ, nhu cầu về các thiết bị sửa chữa ô tô cũng không ngừng gia tăng. Các công nghệ và thiết bị sửa chữa hiện đại không chỉ giúp tăng cường hiệu quả công việc mà còn nâng cao chất lượng dịch vụ cho khách hàng. Công ty Bán Mai, với sứ mệnh mang lại những sản phẩm và dịch vụ chất lượng, luôn cập nhật và cung cấp các thiết bị sửa chữa ô tô mới nhất để đáp ứng nhu cầu củ
cong ty ban mai
Công nghiệp ô tô đang phát triển với tốc độ nhanh chóng, kéo theo nhu cầu về dịch vụ sửa chữa và bảo dưỡng ngày càng tăng cao. Nhưng để đáp ứng tốt nhất các yêu cầu kỹ thuật và tăng hiệu quả làm việc, việc đầu tư vào các thiết bị hiện đại, chính hãng là yếu tố quan trọng. Công Ty Ban Mai tự hào là địa chỉ cung cấp giải pháp thiết bị sửa chữa ô tô chuyên nghiệp hàng đầu tại Việt Nam.
<b
hoki311
Terdapat banyak trik yang bisa Anda gunakan buat memperoleh keuntungan. Akan tetapi, tidak semuanya cara yang ada bisa memberinya kelapangan saat proses pelacakan uang. Anda bisa memakai metode simpel dengan lakukan registrasi di broker judi online. Terdapat beberapa cara yang bisa Anda gunakan buat keuntungan dengan agen yang aman. Tentu, menggunakan judi yaitu hal yang umum yang udah dilaksanakan oleh banyaknya orang juga.
Anda
bioethanol wall mounted fires
Wall Hung Bioethanol Fires
Wall hung bioethanol fires use the chance to delight in genuine flames and warmth with little or no construction or setup included. They are likewise easy to run.
Ethanol wall fireplaces can be recessed into walls, nevertheless the material in which they
Quantum AI
As we venture into the rapidly evolving world of technology and finance, one concept stands out prominently: Quantum AI. This cutting-edge blend of quantum computing and artificial intelligence promises to revolutionize the trading landscape. With industry leaders like Elon Musk highlighting its potential, it has captured the attention of traders and investors alike. But what exactly is Quantum AI, and how does i
travel cot bedside
Bedside Cot Sale – Get the Best Deals on Bedside Cribs For Newborns
These cribs are designed to fit right next to your bed. They make feeding your baby at night and diaper changes much more convenient. They’re also great for helping newborns go back to sleep.
range cookers uk
Dual Fuel Range Style Cookers – Are They Right For Your Home?
Dual-fuel ranges provide a responsive temperature control in the oven, and an even heat on the cooktop. Find out if this top product is the right one for you.
We test over 100 ranges a year at Good Housekeeping. Th
cong ty ban mai
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 vụ và sự đổi mới không
税制改革
The impact of the Bank of Japan’s policies within the inventory market is far-reaching and complex, affecting not only national financial markets but also global economic dynamics. As one of the biggest central banks on the planet, the Bank associated with Japan plays a new crucial role throughout shaping investor belief and determining the trajectory of asset prices. Through several mo
reviews on nagano tonic
✔️Nagano Tonic Official Website: 🔥 nagano-tonic-reviews.shop/ 🔥
When talking about bodybuilding and fat loss, a name often starred on the planet wide web -Nagano Tonic.What will be the secret of the magical dew from Nagano, Japan, can countless beauty fans global crazy?Let’s have the uniqueness using this product together.
1. Explore the Nagano t
CGI files
FileMagic is a powerful file management application designed to simplify the way users handle a diverse range of file types, accommodating both frequent and rare formats. At its core, FileMagic offers an unified solution that simplifies file accessing, viewing, and transforming, making it the ultimate tool for anyone dealing with complex file extensions on a consisten
media wall bioethanol fireplace
Ethanol Wall Mounted Fires
Ethanol wall mounted fires are an excellent alternative to traditional fireplaces. They’re simple to utilize and look fantastic in any space.
They can be utilized inside your home or outdoors, as long as they’re protected from the weather condition. They’re also simple to fuel, change and snuff out. They’re best for a modern
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 vụ và sự đổi mới không ngừng, Bán
purchase used pallets
How to Find Pallets Near Me
A pallet’s predetermined size and shape permits easy handling and stacking, reducing transportation costs. Its durability also protects products in transit which makes it the most preferred shipping option for a lot of businesses.
Stores and construction sites
best bunk beds to buy
The Best Bunk Beds For Adults uk
Bunk beds can double the sleeping space in a small room. Sometimes they’re called ‘high sleepers or a ‘cabin bed that has desks.’
This John Lewis & Partners model includes sprung slats that are more comfortable than solid wood ones. It’s designed to fit the size of a double mattress, 4 feet at the bot
these details
ADHD Symptoms Adults Test For
A mental health professional or health care professional should do more than use self-assessment tests for diagnosing ADHD. The health professional may also ask you questions about your childhood and ask important people in your life such as your partner, spouse or f
The 10 Most Terrifying Things About Couches Leather couches leather (Latrice)
wygłuszenie ścian
Cisza w domowym zaciszu to marzenie wielu z nas. Żyjemy w czasach, gdy hałas staje się nieodłącznym elementem codzienności. Ruchliwa ulica, sąsiedzi, czy nawet odgłosy z urządzeń domowych mogą skutecznie zakłócić nasz wypoczynek oraz skupienie. wyciszenie ścian związku z tym, wyciszanie mieszkań zyskuje na znaczeniu. To nie tylko kwestia komfortu, ale również z
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. Tùy theo qu
mouse click the following web page
How a Branded Refrigerator Can Help Your Brand Stand Out
A fridge is among the most necessary kitchen devices. A top quality fridge will keep your food fresh for a very long time and save energy, which can save you money over the years.
When choosing a fridge, consider i
bioethanol wall mounted fires
Bio Ethanol Wall Fire
A bio ethanol wall fire is a modern and easy to utilize alternative to standard wood-burning ranges and gas fireplaces. They need no chimney and very little setup.
They produce genuine flames and heat without the smoke that can cause black soot marks on surface areas an
Hamlin-Schwibbogen Französische Bulldogge
Buy a French Bulldog in Berlin
French Bulldogs make great pets for families as they are affectionate and patient, as well as obedient and easy to train. They are extremely loyal to their families, and they are a pleasure to please them.
They have short, easy
best bunk bed with slide
Choosing the Best Bunk Bed in the World
Kids rooms can be an enjoyable and challenging exercise in creativity. For a bunk bed that is both stylish and functional, try adding textile valances for privacy and wall-mounted reading lights to give each sleeping space its own lighting options.
The stu
https://sv88.lgbt/
Sòng bài online luôn là điểm đến của game thủ khi muốn trải nghiệm giải trí. Với sự phát triển của công nghệ trực tuyến, các sòng bài online mang đến cho người chơi chương trình cá cược trực tuyến hấp dẫn và mới mẻ. Chơi tại nhà cái giúp bạn có thể tham gia khi nào cũng được, ở nhà mà không cần phải đến sòng bài.
Các casino online hiện nay cung cấp rất nhiều game bài trực tuyến hấp dẫn như bài cào. ra, b
french door repairs
French Door Repair Service
French doors are a classic design to any home and provide natural light. They also help to create an unison between outdoor and indoor spaces.
French doors require maintenance periodically like any other door. There are numerous reasons to think about hiring a professional fren
large pallets
Where to Buy Pallets UK
The UK pallet is the ideal option for transporting your items in a cost-effective, safe and secure manner. This high-quality pallet has a sturdy design which reduces product degradation and helps improve the efficiency of your operation.
Return pal