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.
eu-führerschein kaufen
Buy a Driving License – What Classes Are Available?
The first step in buying a license is to determine which class is best suited to your requirements. As someone who has helped countless residents from Buffalo to Montauk get their driver’s licenses I know the distinctions between different classes and how they a
deutscher eu führerschein kaufen
Buy a Driving License Without Paying in Advance
There are some things you need to know before buying a driving license. For starters, you will have to complete the pre-licensing class and pass a test. You will also have to pay any outstanding taxes or fines.
Anyone
trang 45678
When you have a great website, you will be promoting your business and yourself in the best possible way. You don’t have to go to school, you just have to learn a few simple ideas. Keep reading for some tips that take the design of your site to the next level.
Offer to store personal information for returning users. Save users’ information like registration data, so it doesn’t ha
vacuum bot
Robot Vacuum Cleaners Reviews
A robot vacuum can be an effective tool for keeping your home free from pet hair, dirt and other dust particles that can cause allergic reactions. They must be maintained regularly to keep them operating at their best.
Even the most expensive models could get stuck under thresholds for doors,
3 seater sofa brown fabric
3 Seater Grey Fabric Recliner Sofa
A sofa is a flexible furniture piece that can work as seating and sleeping area in your living-room. It can likewise be a focal point in your design and add an eye-catching touch to any space.
There are numerous elements to consider when choosing a 3 seater grey fabric reclining chair sofa. These consist of the size of t
gas engineer Newport Pagnell
Boiler Repairs – How to Fix a Leaking Boiler
The boiler is a crucial component of a home that provides hot water and heating. It is also essential for the safety of your family since it helps to stop carbon monoxide from leaching.
Routine maintenance can help reduce the need for repairs. It’s crucial to know when to call an expert. The longer you wa
robot vacuum cleaners reviews
Cleaning Robot Mop and Vacuum Combo
The majority of robot vacuums and mops come with an app that allows you to save maps of your house, create cleaning schedules and then select mopping mode. Some models with dual spinning pads will also automatically return to their docks mid-cleaning to empty the water of dirt and clean
casino happyluke
Progressive slot games mean these games are concerning the other machines across the casino. Non-progressive means that the machines are not connected to another. The implication reality that the probability is more even for the progressive setup.
4) Rainbow Riches – the Rainbow Riches slot is definitely an all-time classic. Like those on the different bonus rounds to
스핀카지노
바카라 사이트의 장점
Baccarat 사이트의 장점과 관련하여 Baccarat 사이트의 온라인 존재는 Baccarat 게임을 플레이하는 편의성을 높이고 더 저렴하게 만듭니다. 바카라 이용자들은 게임을 하기 위해 강원도 정선에 있는 오프라인 시설인 강원랜드를 방문해야 했고, 해외에서 바카라를 하기 위해 라스베이거스나 마카오를 방문해야 했다. 이제 바카라 사이트의 등장으로 추가 비용과 육체적 노력 없이 바카라를 즐기기가 훨씬 쉬워졌습니다. 바카라 사이트의
robot vacuum cleaners reviews
Ecovacs Deebot – The Best Automatic Vacuum Robot
The Ecovacs Deebot combines mopping with vacuuming for one of the most comprehensive robots we’ve test. It also features self-emptying bins and efficient navigation.
It scored a high navigation score in CR’s assessments and offer
robot vacuum cleaner reviews
j7+ robot is a combination of vacuum and mop and comes with a self-emptying, washable dock. It also has excellent mapping capabilities, but it struggled with identifying objects in our tests, including mistaking an accidental BBQ spill as Poop.
The navigation system is simple to use and provides features such as no-go zones. Its powerful suction keeps hardwood floors sparkling
panel pc manufacturer
In today’s fast-paced world, innovation will be the key to staying ahead, and technology plays a pivotal role throughout driving that modify. As businesses in addition to consumers seek successful solutions, the requirement for advanced feel panel PCs and even tablets has increased. These versatile devices offer intuitive cadre and robust operation, which makes them suitable regarding a wide assortment of users, from industrial pro
gas certificates Newport Pagnell
Gas Engineer Newport Pagnell
When it pertains to guaranteeing the safety and effectiveness of your gas appliances, the services of an expert Gas Engineer in Newport Pagnell are necessary. A Gas Engineer is a qualified professional who focuses on the setup, upkeep, and repair of gas d
hop over to these guys
Blu Dot Evaluation: The Very Best Comfortable Couch
After months of family motion picture nights, snoozing, and general lounging, our testers discovered this couch to be extremely comfortable. It’s likewise easy to keep– a breathable performance material assists it resist spills and spots.
<br
GASPOL189
In today’s fast-paced digital world, online gaming has become a major source of entertainment for millions. Among the numerous platforms that have emerged, Gaspol189 has earned its place as one of the leading names in the industry. This exciting and innovative platform combines a vast range of games, user-friendly features, and strong security, offering players an exceptional online experience. Wh
Seguro de negocios Spring TX
En el mundo empresarial actual, la seguridad y la protección son fundamentales para el éxito y la continuidad de cualquier negocio. Los imprevistos pueden ocurrir en cualquier momento, y contar con un seguro empresarial adecuado se convierte en una herramienta indispensable para salvaguardar los activos y la tranquilidad del propietario. Desde daños materiales hasta responsabilidad civi
https://profunmedia.com/
In the ever-evolving world of online entertainment and gaming, Gaspol189 has emerged as a platform that stands out. With its diverse offerings and user-friendly interface, this platform provides an exciting and secure experience for those looking for quality digital gaming entertainment. Whether you’re a seasoned player or a newcomer exploring the world of online gaming, Gaspol189 has something for everyone. Let’s take a deepe
SKI-606 price
7-KC modulated the association between AxD and NfL in the corpus callosum splenium (B = 39.39, p = 0.017), genu (B = 68.64, p = 0.000), and fornix (B = 10.97, p = 0.000). Lower Aβ42 levels were associated to lower FA and higher MD, AxD, and RD in the fornix, corpus callosum, inferior longitudinal fasciculus, and hippocampus. The association between AxD and Aβ42 was moderated by 7K-C (p = 0.048). Conclusion This stud
GASPOL189
Gaspol189 is a name that resonates with innovation and empowerment in the world of modern technology. As a brand that continually strives to push boundaries and offer unique solutions, Gaspol189 stands out in a competitive market with its dedication to quality, sustainability, and cutting-edge advancements. Whether you are a business looking for efficient energy solutions or an individual seeking reliable and ec
I really appreciate this wonderful post that you have provided for us. I assure this would be beneficial for most of the people. 실시간카지노
다파벳
슬롯 기록
최초의 전자 포커 머신은 1887년 Charles Fay에 의해 개발되었습니다.
처음 사용된 것은 자유의 종이었습니다. 이와 같은 슬롯 머신은 전 세계적으로 인기를 얻었습니다.
Liberty Bell 슬롯머신에 대한 수요가 증가함에 따라 Charles Pay는 예상만큼 빨리 슬롯머신을 생산할 수 없었습니다.
공급업체로부터 배포권을 구매하려고 시도했지만 Charles P
super fast reply
Gas Safety Certificates For Landlords in Newport Pagnell
Before renting out a home landlords in the United Kingdom must obtain a Gas Safety Certificate. They must check and certify the gas appliances within their premises. Failure to do this could result in fines and imprisonment.
Only eng
10 Facts About Asbestos Cancer Lawyer Mesothelioma Settlement That Will
Instantly Get You Into A Great Mood Asbestos Attorney
angonoka tortoise for sale
Buy Baby Tortoise Online
Browse our selection of captive-bred baby tortoise eggs for sale. Medium-sized tortoises are a popular red footed, cherry head, and yellow footed species.
These species are slightly more expensive than smaller breeds, but they’re still a good option for buying your next turtle.
check out this site
Containers For Sale – Find the Best Deals on Shipping Containers
Find the top containers for sale uk from a variety of suppliers. Whether you’re looking for conventional cargo-worthy 20ft containers or 40ft high cubes you’ll find them here.
xChange, the all-in-one trading platform for containers
20 Fun Facts About Address Collection 주소모음
vacuum bot
How to Maintain an Automatic Hoover
A robot vacuum or Robovac is a fantastic maintenance cleaner. It will keep your floors clean and prolong the time between manual cleanings by nabbing pet hairs, lint, and surface dirt.
The majority of models can be manually activated or programmed to
3 seater sofa black fabric
Fabric Sofa Bed 3 Seater
Elegant and practical, the fabric sofa bed 3 seater adds additional sleeping space to your home. Offering ample seating for family movie nights, it easily transforms into a glamorous double bed to accommodate over night guests. Its tidy lines and uncomplicated design complement any decoration. It
click here for more
Refrigerated Containers
Refrigerated Containers (also known as reefers) are used by a variety of industries to transport temperature-sensitive products over long distances. A refrigerated box is customized to include features like remote monitoring and backup power options.
Utilizing a refrigerated shipping container will ensure that your goods arrive in perfect
vacuum bot
Features of an Automatic Vacuum Cleaner and Mop
A robot mop and vacuum is a great way to keep your floors clean. These machines will keep your floors spotless while you are away. They are great for floors with hard surfaces.
The Dreame X40 robot vacuum cleaner and mop is among the top
Specialized Containers
Chemical Storage Containers
Chemical storage containers are perfect for storage and transporting bulk chemicals and materials which are hazardous as well as non-hazardous. They are durable, and are able to withstand abrasions and punctures.
Store organic solvents and flammable liquids in separate
best made bunk beds
Best Quality Bunk Beds
There are a variety of options for your kids, whether they want to add bunk beds to their bedrooms for fun or for practical reasons. You should also think about the size, room and ceiling height, style and budget.
Based on the brand the bed comes with either a ladde
Tanshinone C
In addition, microbiological studies were performed. The polymorphs showed similar antimicrobial activity against Escherichia coli and Staphylococcus aureus. Therefore, these solid forms of oxytetracycline hydrochloride constitute promising candidates to encourage studies for repositioning old and known antibiotic drugs in the developing strategies for new therapeutic alternatives.The number of biological mole
https://profunmedia.com/
In today’s fast-paced digital world, online gaming has become a major source of entertainment for millions. Among the numerous platforms that have emerged, Gaspol189 has earned its place as one of the leading names in the industry. This exciting and innovative platform combines a vast range of games, user-friendly features, and strong security, offering players an exceptional online experience. Wheth
https://hitratu.com/
dalam sebuah situs slots online yang bermutu itu terdapat banyak spesifikasi penting. beragam feature penting itu ada untuk memberi banyak keringanan terhadap banyak pemainnya. dengan beragam spek penting itu, kemenangan dapat jadi bertambah simpel diperoleh. di bawah ini yakni sejumlah feature penting dalam suatu web-site judi slots online yang bermutu.
live chat
live chat yakni menidum komunikasi yan
gas engineers Newport Pagnell
How to Find a Boiler Engineer
Boiler engineers are responsible for the operation and maintenance of boiler systems. They utilize their expertise to improve efficiency of energy and ensure that state regulations are followed.
Perform routine tasks like cleaning, ap
Hello there! This post could not be written any better!
Reading this post reminds me of my old room mate!
He always kept talking about this. I will forward this article to him.
Pretty sure he will have a good read. Many thanks for sharing!
Feel free to visit my web blog: 泡泡聊天
BIBF 1120 order
To conclude, present study suggests that, patients of somatic symptom disorder, who refuse to attend the psychiatry outpatient services differ from those attending the psychiatry outpatient services in terms of somatosensory amplification, alexithymia, hypochondriasis, public stigma held towards mental illnesses, disability and quality of life. There is a need to develop a treatment model to address these issues in
The Top Reasons People Succeed In The Top Accident Attorney Industry accident lawyer (Jaxon)
GASPOL189
Gaspol189 is a name that resonates with innovation and empowerment in the world of modern technology. As a brand that continually strives to push boundaries and offer unique solutions, Gaspol189 stands out in a competitive market with its dedication to quality, sustainability, and cutting-edge advancements. Whether you are a business looking for efficient energy sol
An In-Depth Look Into The Future What’s In The Pipeline?
Mesothelioma Asbestos Claims Industry Look Like In 10 Years?
asbestos attorney (Edmundo)
click here for more
Containers For Sale in Middlesbrough
Middlesbrough is an active North East town with a rich industrial heritage. It also has a rich culture and an array of entertainment options.
Whether you’re in search of storage solutions or an office space, a shipping container can satisfy y
House movers Sydney
Moving could be a difficult task, especially throughout a bustling town like Sydney. Regardless of whether you’re relocating to a new home across the street or moving in order to a different region, the process may often feel frustrating. That’s where Questionnaire removalists come in. These professionals not just help ease the actual physical responsibility of moving but also offer the competence and support desired to make your own
Mejores seguros de negocios en Spring TX
La protección de un negocio no solo involucra una buena estrategia y un funcionamiento eficiente; también es fundamental contar con el respaldo adecuado ante cualquier imprevisto. En un mundo empresarial lleno de incertidumbres, el seguro empresarial se presenta como una herramienta indispensable para salvaguardar el éxito alcanzado. Ya sea que estés iniciando tu empresa o q
see more
An important task in biomedical literature precise search is to identify paper describing a certain disease. The tradi- tional topic identification approaches based on neural network can be used to recognize the disease topic of literature. To achieve better performance, we propose a novel word graph-based method for disease topic identification in this paper. Word graphs are constructed from literature title and abstrac
https://profunmedia.com/
In today’s fast-paced digital world, online gaming has become a major source of entertainment for millions. Among the numerous platforms that have emerged, Gaspol189 has earned its place as one of the leading names in the industry. This exciting and innovative platform combines a vast range of games, user-friendly features, and strong security, offering players an exceptional online experience. Whether you are an e
The 10 Most Terrifying Things About Car Replacement Key
Cost Car replacement key cost
Indisputable Proof You Need Replacement Double Glazing Units Near Me replacing double glazed Units –
https://minecraftcommand.science/,
führerschein kaufen ohne vorkasse
New York Driver’s License Classifications
It’s crucial to know the various license classes regardless of whether you’re an experienced driver or just starting out. These classes determine the restrictions and obligations of driving.
Learn more about prepari
you could look here
Buy a Real Driving License
If your state ID or driver’s license already features a star in the upper-right side, you are already REAL ID-compliant. There is no need to do anything else.
If you require an ID with a real name, you will have to visit an DMV office and present several documents of your