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.
best convertible bunk beds
The Best Made Bunk Beds Are Built to Last
Bunk beds are a fantastic sleep solution for kids that maximizes space. is Greenguard Gold Certified, ships fully assembled and comes with a ladder that isn’t protruding out.
It features slats at every level, which eliminates the need for a mattress support and can be used to support mattresses of any thickness.
Going Listed here
Transitioning From Moses Basket to Co-Sleeper
With a crib that is placed at your bedside or a co-sleeper, your baby can sleep comfortably in your bed. Many come with additional features, like rockers, music and night lights.
The Shnuggle Air also comes with a
Futon For Sale Near Me Tips To Relax Your Everyday Lifethe Only Futon For Sale Near
Me Trick Every Person Should Be Able To futon for sale
bioethanol wall mounted fires
Bio Ethanol Wall Mount Fireplace
A bio ethanol wall mount fireplace is a distinct decor piece that will draw the attention of anybody who sees it. They are frequently utilized inside your home however can also be mounted outdoors.
Before using a wall mounted bi
The 10 Most Scariest Things About Do Homeowners Need A
Gas Safety Certificate do homeowners need a gas safety certificate
best deals on bunk beds
The Best Affordable Bunk Beds
Think about factors like the size of your space and the high ceiling of your room, and whether or not you want an trundle or a guardrail. IKEA’s Mydal is a great option. It’s strong, minimalist, and costs less than other bunk beds.
Look for bunks that have an angled ladder. They take up less room and are ea
just click the next website page
ADHD in Adults Symptoms Women May Not Be Aware Of
Women who suffer from ADHD are often misdiagnosed or left undiagnosed, as their symptoms are not as evident as those of boys. Many develop coping strategies to disguise their symptoms and blame themselves for their prob
french door lock repairs
Upvc French Door Lock Replacement
Replacing a Upvc french door lock is a relatively easy task if you’ve got the right tools. This article will walk you through the steps.
To begin first, you must identify your uPVC door lock manufacturer. This is done by searching for a mark on the door’s mechanism or
Wooden Cot And Bed Tips To Relax Your Daily Lifethe One Wooden Cot
And Bed Trick That Every Person Must Know wooden cot and bed; Alvaro,
leather living room sets
Vegan Leather Sofa
Vegan leather sofas are available in a wide range of plant-based materials. They are more environmentally friendly than traditional animal hides and are more durable.
VivaTerra offers a brown leather sofa that is made of vegan leather. It als
cong ty ban mai
Công ty Bán Mai từ lâu đã được biết đến là một trong những nhà phân phối thiết bị sửa chữa ô tô hàng đầu tại Việt Nam. Với cam kết cung cấp những sản phẩm chất lượng, dịch vụ hoàn hảo và sự đổi mới không ngừng, Bán Mai đã khẳng định được vị thế của mình trong ngành công nghiệp thiết bị sửa chữa ô tô. Cùng với sự phát triển mạnh mẽ của ngành ô tô tại Việt Nam, Công ty Bán Mai luôn nỗ lực đáp ứng mọi yêu cầu khắt khe của thị tr
wythenshawe french door handle repairs
Replace Garage Door With French Doors
Removing your garage door and replacing it with French doors is a stylish home improvement that can transform your space. You can pick from a variety of different styles and colors that will complement your existing decor. This upgrade provides many benefits that are practical, such as
she said
ADHD Symptoms in Adult Men
Men with ADHD can experience trouble with their work and personal lives. They may begin but rarely finish projects and may have issues with their moods.
A thorough evaluation will consider many factors, such as a person’s education and career, their personal relatio
https://tradeqwerty.com/
Untuk jadi biro judi online pastinya terdapat beberapa soal yang penting jadi perhatian dan disiapkan dengan bagus. Perihal ini sebab pastilah untuk jadi bandar ini memerlukan banyak penyiapan penting yang wajib dikerjakan oleh tiap-tiap orang. Lebih-lebih lagi di dalam masalah tersebut rancangan serta modal penting buat disiapkan secara bagus. Ya bila betul-betul kita sudah ketahui jika modal itu sebagai satu diantara instrument p
https://dataproducts-printers.net/
Trong kỷ nguyên số hiện nay, việc kết nối và thể hiện cảm xúc qua các nền tảng trực tuyến đã trở thành một phần không thể thiếu trong cuộc sống hàng ngày của chúng ta. Một trong những nền tảng đang thu hút sự chú ý và tạo ra làn sóng đặc biệt trong cộng đồng là SOCOLIVE. Đây không chỉ là một nơi để giao lưu, mà còn là một trải nghiệm độc đáo kết nối người
ghost immobilise
How Much Is a Ghost Immobiliser Worth?
Immobilisers are an essential security measure to prevent hotwiring which is a frequent method of car theft. However thieves are always adapting and changing their tactics.
Ghost immobilisers can be an excellent way to fight this new kind of
https://nagano-tonic-reviews.shop/
✔️Nagano Tonic Official Website: 🔥 🔥
In the act of pursuing a life that is healthy ideal figure, many people are looking for various effective supplements to assist them to achieve their objectives.Recently, a glass or two called Nagano Tonic has attracted widespread attention on the market. This beverage isn’t only a helper that is good slimmin
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 Ma
what are the symptoms for ADHD in adults
ADHD Hyperactivity Symptoms in Adults
Sleep problems, anxiety and other mental health disorders can cause symptoms that mimic the symptoms of ADHD. A thorough assessment by a health care professional or mental health professional is essential to determine the correct diagnosis and to determine the most effec
https://vnkubet.org/
Stick towards your betting systems, plans or strategy. This is where many punters be unsuccessful. No matter nothing at all of your bets, remain calm and also be with your original betting system that works for you’ll after your day to day. It is important to be aware that no system can promise 100% winning all time. So your best option is november 23 most time and stop in profit.
Know the sport and m
cheap dual fuel range cookers
Dual Fuel Range Cooker Reviews
Upgrade your kitchen with a dual-fuel range cooker that has responsive temperature control in the cooktop, and precise heating inside the oven. These models are for homeowners who want to bake with precision and cooking.
Before you decide on a new range be sure to consider your cooking needs and preferences. Size impacts
bioethanol wall mounted fires
Bioethanol Fire Media Wall
A bioethanol fire media wall supplies a special focal point that can be a beautiful addition to many homes and companies. They’re often an excellent option for open-concept spaces and lofts.
They require no e
ghost immobilise
How to Install the Ghost Installer
Ghost is a brand new CMS that’s very different from anything you’ve used before. It’s free and doesn’t come with any legal limitations. It can be installed on an VPS or dedicated server. This article will teach you how to install the software.
It utilizes buttons that are
The No. Question Everybody Working In Window Doctor London Should Be Able To Answer Window replacement in London
thor311
Yakin diri kadang jadi pemasti yang dapat bikin anda menang di dalam taruhan bola. Oleh karenanya anda harus yakinkan untuk miliki itu seluruhnya sebelumnya lalu sangat percaya buat tergabung serta main. Ada satu diantara soal yang bisa jadi anda raih kemenangan dengan amat gampang dan lebih yakin diri buat memperoleh kemenangan. Trik apa itu? cara barusan yaitu dengan coba masuk bersama judi online. Dengan coba masuk disitu, jadi tentu saja ini akan
what are ADHD symptoms in adults
ADHD in Adult Men Symptoms
Men who have symptoms of ADHD often feel misunderstood. They may be accused of being goof-offs or slackers, or even troublemakers.
Men with untreated ADHD can also have trouble in relationships due to their impulsive behavior or lack of memory. Fortunately, trea
You’ll Never Be Able To Figure Out This Best Travel
Mobility Scooter Uk’s Tricks best travel mobility scooter (Retha)
10 Meetups About Sofas For Sale You Should Attend cheap couches for sale under $200
branded refrigerator
The Top Five Names of Fridge Brands
Whether you’re shopping for a refrigerator with energy performance, sustainable functions or a clever style, it pays to weigh the track record of fridge brands against your specific requirements and choices.
GE, for example, is known for its reliability and offers desig
10 Places That You Can Find Medium Scooters lightweight electric folding mobility scooter (meyer-todd-2.federatedjournals.com)
Learn The Case Battle Tricks The Celebs Are Using case battles (Isabelle)
try here
His whole life was 1 million to one shot. Kind of like America was millions of to one shot. If you’ve ever seen Rocky IV, then you know how American Rocky could. Let’s face it, Apollo Creeds entrance to fight Ivan Draco is absolutely awesome.
US Corporations When Ancel Keys published his paper, “Atherosclerosis, any trouble in Newer Public Health” in 1
ghost immobiliser car
Ghost Immobiliser Installer
Ghost immobilisers can be an affordable and efficient method to stop car theft. It generates a unique pin code using inputs from the steering wheel, dashboard and indicator lights.
To install the Ghost immobiliser, you’ll require a basic set of hand tools, a multimeter in
3GP file
FileMagic is an comprehensive file viewer designed to delivers a smooth experience for users who need to open, view, and manage various file formats without installing multiple software programs. One of the notable aspects of the application is its ability to handle 3GP files seamlessly, making it a must-have tool for anyone dealing with multimedia content, notably mob
best double bunk beds
Find the Best Bunk Beds
Bunk beds are an excellent option to decorate a child’s room or a guest bedroom. without breaking the bank. We talked to experts to discover the best options out there.
Look for woods that are sturdy and can stand up to stains and finishes that blend with other furniture.
commercial heating engineer buckingham
Gas Safety Certificates in Buckingham
There is a great deal of duty that features owning a property, and obtaining a gas safety certificate is simply one part of it. This certificate is a legal requirement for landlords to guarantee that their occupants are safe and secured.
<
official source
Bedside Cot Bed
A bedside crib, also known as a bassinet or side sleeper, is attached to the bed of a parent and allows for safe cosleeping. It allows you to easily reach your baby’s bed for feeding and comforting at night, without disturbing your own sleep.
It is crucial to ensure that the crib is an
best deals on bunk beds
How to Choose the Best Bunk Bed
A bunk bed is a fantastic option to make space in a bedroom shared. It should be elegant secure, safe, and sturdy.
Choose a solid-wood bunk bed with a stylish finish. best deals on bunk beds will not appear old-fashioned as your chi
Excellent post. I was checking constantly this blog and I’m impressed!
Extremely useful info specially the last part 🙂 I care for such info a
lot. I was seeking this certain info for a long time.
Thank you and good luck.
Feel free to visit my blog useful content
yate french door handle repairs
Replace the Glass in a French Door Without Buying a New Door
French doors are a beautiful addition to any home. However, like any door or window they can be damaged. It is, however, possible to repair the glass on the case of a French door without purchasing a new door.
Double pane (also known as d
in wall ethanol fireplace
The Advantages of a Wall Hung Bioethanol Fireplace
Ethanol wall mounted fireplaces are an outstanding way to add an elegant centrepiece without the need for a chimney. They are easy to utilize and require extremely little upkeep.
There are a large range of designs
best bedside cot for newborn
Bedside Cot 6 Months Plus
Bedside sleepers let you keep your baby to you do without the danger of bed-sharing, which is associated with an increased risk of being suffocated. They are also a great choice for infants.
Find models with an adjustable
office dividers
If you wish to decorate your house with the most extraordinary home accents, you must consider wooden room dividers. They dividers are highly functional in addition to chic which means you can get maximum benefit from a investment. Available in scores of breathtaking designs, you may would delight in having a wooden room divider in your property. These furnishings are made of finest wood an
Vloeren egaliseren Utrecht
Voor een speels effect kunt u ervoor kiezen om de tegels schuin te plaatsen, in plaats van in een standaard blokverband. , dan ligt de prijs voor het betegelen van een badkamer van 20 m² rond de €1.100,-. De prijs is natuurlijk afhankelijk van het totale oppervlak, de gekozen tegels en de arbeidskosten van de tegelzetter zelf. Kiest u voor een vakman in uw eigen regio, dan
https://notes.io/w94na
✔️Nagano Tonic Official Website: 🔥 nagano-tonic-reviews.shop/ 🔥
An all natural beverage from Japan, has changed into a unique kick off point for the slimming journey along side its pure components and mild results regarding the journey of slimming, each option can be a fresh starting point.Nagano Tonic.
Normal option, a whole new point that is startin
ghost 2 immobiliser review
Ghost Immobiliser Installer
Ghost immobilisers can be an affordable and effective method to prevent car theft. It generates a unique pin number using inputs from the steering wheel, dashboard and indicators lights.
You’ll need the following tools to install the Ghost immobilise
business and technology consulting
Lightray Solutions Business and Technology ConsultantsBusiness plus Technology Consulting using Lightray Solutions. Within an increasingly complex and rapidly changing marketplace, web based confronted with myriad challenges that require modern solutions and the strategic approach. The particular intersection of technology and business strategy has never recently been more crucial. Firms that navigate th
she said
Symptoms of ADHD in Adults Male
Many people with ADHD go undiagnosed or are misdiagnosed. This is because ADHD symptoms can be seen in various situations and for individuals of various ages and gender identities.
You might have the same symptoms you had as an infant, but your parents or teac
leather living room sets
faux leather sofa
When you are buying a leather sofa it is essential to consider the quality. Leather sofas are more easy to clean than fabrics and resistant to stains.
Leather furniture also looks upscale and authentic. It is recommended that you apply a leather conditioner at minimum e
bioethanol wall mounted fires
A Wall Mounted Bioethanol Fire
A wall mounted bioethanol fire is a fantastic method to add a stylish and safe function to your home. It is easy to set up and can be hung at eye level or higher for a centerpiece. It likewise doesn’t require a chimney or ventilation.
Before installing an ethanol fireplace, it is important to check out the i