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.
Chăm sóc khách hàng Hitclub
Dịch vụ khách hàng là một trong những yếu tố quan trọng giúp Hitclub tạo dựng được lòng tin với người chơi. Nền tảng này cung cấp dịch vụ hỗ trợ 24/7 qua nhiều kênh khác nhau, bao gồm chat trực tiếp, email và hotline. Bất kể vấn đề của bạn là gì, đội ngũ chăm sóc khách hàng của Hitclub luôn sẵn sàng giúp đỡ và giải quyết nhanh chóng. Điều này mang lại sự yên tâm cho người chơi, giúp họ có thể tập trung vào việc giải trí mà không
eu führerschein kaufen erfahrungen
Buy a Driving License in Germany
Getting an German driving license is simple and cost-effective. This is especially the case for those from countries that have a reciprocal agreement between Germany and their own country.
There are a variety of categories for German driver’s
Conversions Containers
Offer Endless Possibilities
Converting shipping containers into functional spaces is a sustainable and innovative alternative to traditional building techniques. There are many options for container conversions, ranging from offices to cozy homes.
Converting shipping containers in
automatic vacuum
Keep Your Floors Spotless With Robotic Vacuums
Clean your floors easily with robotic vacuums. These machines work well on floors with low piles or empty.
Smartphone apps let you to create no-go zones or schedule cleaning times and much more. Certain models come with technology for avoiding obstacles, whi
automatic vacuum
Eco-Friendly Vacuums and Mop Robots
Vacuum robots are an excellent way to keep your home neat without putting in much effort. They usually require minimal maintenance other than cleaning the filters and washing and removing mopping pads.
Advanced robotic vacuums come with cameras, sensors and mapping technology that allows them to move around
해외에이전시
실시간 고객센터 문의 가능
온라인에 존재하는 거의 모든 인터넷 카지노 사이트에는 고객 지원 센터가 있으며 문제가 발생하면 사용자가 지원 센터에 쉽고 빠르게 연락할 수 있는 기능이 있는 것이 매우 매력적이고 유리합니다. 이에 따라 불편사항이나 문의사항이 있으시면 언제든지 고객센터로 문의하실 수 있습니다. 또한 초보자는 정보가없고 경험이 없기 때문에 인터넷 카지노 사이트를 사용하는 데 약간의 어려움이있을 수 있습니다. 또한 이 경우 고객센터에서 초보자를 위한 적절한 가이드를 제공합니다. 인터넷카지노사이트는 다양한 프로그램을 조합하여 만들어지기 때문에 간혹 오류가 발생할 수 있습니다. 이런 경우에는 고객센터로 연락하셔서 오류 상황을 알아보세요.
인터넷 플레이어를 위한 카지노 사이트 팁
führerschein kaufen erfahrungen
Buy a Driving License – What Classes Are Available?
The first step in buying licenses is to decide which class is best suited to your requirements. I have helped many people from Buffalo to Montauk obtain their driving licenses. I know the differences between classes and how this affects your ability to drive
cr7toto
telah menjadi masalah serius di era digital ini, menyamar sebagai hiburan yang menawarkan keuntungan instan. Seperti predator yang bersembunyi di balik topeng menarik, platform judi online didesain dengan warna-warni atraktif dan efek suara yang mengaktifkan dopamin di otak. Tanpa disadari, seseorang bisa terjerumus dalam lingkaran setan ketergantungan yang susah diputus.
<b
Say “Yes” To These 5 How To Get Diagnosed With ADHD UK Tips Diagnose Adhd
https://trywithratu.com/
memainkan permainan taruhan judi semestinya dijalankan di salah satunya opsi website judi slots online terunggul. akan tetapi walau banyak antara lain yang mungkin saja tidak paham dan bagaimana sebetulnya ciri-ciri serta syarat-syarat situs terhebat itu. oleh lantaran itu perihal yang dapat dijalankan ialah terkait sejumlah tanda-tanda serta persyaratan oleh website agen judi itu. anda dapat dalami dan cari info dari beberapa sumb
super168
สูตรบาคาร่า รับโบนัสต้อนรับ แล้วก็เริ่มวางเดิมพันที่ชนะรางวัลได้แล้ว บาคาร่าหรือที่รู้จักกันในชื่อ Punto Banco เป็นเยี่ยมในเกมคาสิโนที่ดั้งเดิมรวมทั้งเป็นที่นิยมเยอะที่สุดในโลก บาคาร่ามีต้นกำเนิดมาจากอิตาลีในศตวรรษที่ 15 แล้วก็แพร่ขยายไปทั่วยุโรปอย่างเร็ว เปลี่ยนเป็ ์สกุลและก็นักเล่นการพนันขั้นสูง ตอนนี้ บาคาร่ายังคงยั่วยวนใจผู้เล่น เว็บบาคาร่าที่เป็นที่รู้จัก ด้วยต้นแบบการเล่นที่เรียบง่ายแม้กระนั้นตื่นเต้น บาคาร่าซึ่งเคยเล่นในคาสิ
Giới thiệu hitclub
Bạn nên xác định một ngân sách cụ thể cho mỗi lần chơi và tuân thủ nghiêm ngặt. bạn đã thua hết số tiền đã đặt ra, hãy dừng lại và quay lại vào một dịp khác. Còn nếu bạn thắng lớn, đừng vội vàng tiếp tục cược mà hãy biết cách giữ lại một phần thắng để đảm bảo an toàn cho tài chính của mình.
Để đảm bảo trải nghiệm người chơi luôn mượt mà, Hitclub cung cấp dịch vụ hỗ trợ
Offices And Studios Containers
20ft Shipping Container For Sale UK
All of our containers are sold in “one trip’ condition, meaning that they have only been used once for shipping from the place of manufacture over to the UK. This could mean that there are signs of wear and tear, such as a scratch or tyre mark that has been incurred during transit.
This size of container is ideal for
I admire this article for the well-researched content and excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much. Imbaslot89
https://jinda888.limo/
สล็อต สมัครเข้าใช้งานฟรีๆได้แปลงเป็นต้นแบบการเดิมพันออนไลน์ยอดนิยมสำหรับผู้เล่นทั้งโลก สล็อตแมชชีนเสมอเหมือนจริงพวกนี้ให้ ึกใจ รวมทั้งสมรรถนะสำหรับเพื่อการชนะรางวัลใหญ่โดยไม่ต้องออกมาจากบ้าน ในเนื้อหานี้ สล็อตที่เหมาะสมที่สุดจัดหนักจัดเต็ม พวกเราจะเจาะลึกประวัติศาสตร์ของสล็อตออนไลน์ มาตรการความปลอดภัย ความรู้ความเข้าใจสำหรับการสร้างรายไ
Harrison T Lefrak
Harry Lefrak
situs slot gacor 2025
situs slot gacor 2025
situs slot gacor 2025
Harry Lefrak
https://trywithratu.com/
sedikit serunya bermain judi slots online! memainkan permainan slots online merupakan soal yang membahagiakan sewaktu anda memperoleh untung yang banyak sekali di saat mulai berlaga di atas meja judi. sudah pasti, saat ini anda tak usah berusaha susah payah buat pergi ke arah tempat casino formal untuk bermain judi slots. anda cuman perlu bermain judi dalam rumah dengan memandang monitor telpon seluler atau gawai lain anda serta me
Harrison Lefrak
self cleaning vacuum
A Robot Vacuum Cleaner Review
A robot vacuum can take chunks out of your to-do list which frees you to perform other tasks. It’s important to keep in mind that robots aren’t an all-inclusive replacement for a regular, full-size vacuum.
The dustbins in robot vacs are smaller than those in traditio
link alternatif cr7toto
Menciptakan konten di media sosial seperti TikTok dengan fokus pada tutorial kreatif. Pemasukan bisa didapat dari iklan dan kolaborasi brand.
Mengembangkan blog tentang hobi seperti teknologi. Penghasilan bisa diperoleh melalui affiliate marketing dan merchandise.
. Desain bisa di
https://gameofratu.com/
Ada banyak sebenarnya rahasia yang lalu dapat Anda coba pakai dari beberapa sumber yang ada untuk menang judi online. Hal tersebut juga termasuk dari beberapa pengalaman beberapa orang sampai kini diluaran untuk dapat Anda coba lakukan sendiri juga. Penting untuk Anda dapat dalami dan ketahui benar berbagai hal yang memungkinkannya anda buat dapat hasilkan kemenangan serta keuntungan yang makin besar kembali Selanjutnya.
<b
LEE011 CDK inhibitor
Background The aim of this study was to investigate the amount and sources of stress in dental undergraduate students in Fujian, China, and the factors associated with stress. Methods This cross-sectional study was conducted during the second semester of the 2017-2018 academic year at the School of Stomatology, Fujian Medical University, China. A total of 396 students were surveyed with the Dental Environment St
führerschein kaufen erfahrungen
Buying a Driving License – Understanding the Different Classes
As someone who has helped many people get their licenses from Buffalo to Montauk I am aware that knowing the various classes is the first step towards navigating the road safely and legally. This is true of both new drivers and those looking to upgrade their licens
유로247코드
이 사이트는 온라인 사용자를 비디오 카지노와 연결하는 데 도움이 됩니다.인기 있는 카지노 사이트는 choegocasino.com입니다. 처음 고객을 환영합니다.
Choegocasino.com이 오픈되었으며 첫 번째 고객이 스트리밍 중입니다! 사이트에는 슬롯 머신, 블랙잭, 룰렛을 포함한 여러 온라인 카지노 게임이 있으며 수백만 달러의 수익을 창출합니다. 무엇을 기다리고 있습니까? 이제 choegocasino.com에 가입하여 수백만 달러의 수익을 창출할 수 있습니다.Choegocasino.com은 한국 최고의 온라인 카지노 중 하나가 되었습니다! 매월 백만 명 이상의 방문자가 방문하는 사이트는 슬롯, 블랙잭 및 룰렛을 포함한 다양한 카지노 게임을 제공합니다. 유로247주소 준비가 되셨습니까?
ratu 311
Bermain judi online sah adalah alternatif yang paling benar dilaksanakan oleh seorang yang pengin kaya raya. Mengapa dapat begitu? Argumennya karena dalam perjudian online yang telah sah semua keamanan dana, data, dan khusus yang dipunyai oleh penjudi terbangun 100% tanpa ada butuh takut bocor ke tangan-tangan orang yang gak memikul tanggung jawab. Sampai di website perjudian yang sah tawarkan beberapa type pasaran judi yang dapat dimainkan secara
Multistore Containers
10ft Storage Containers
The 10ft Storage containers are ideal for commercial and personal use. They are fresh from a single cargo trip and are clean on the outside.
They can be converted into offices with windows, insulation, and electricity, which is ideal for small-scale businesses or construction sites that n
used wood stoves for sale
Embers Living Offers EPA-Certified Wood Burning Stoves for Sale
Wood stoves are a great way to heat a space with convective and radiant warmth. Embers Living offers heating stoves for sale that are certified by the EPA to ensure optimal combustion and emission-free
used wood burning stoves for sale
Buying a Large Wood Burning Stove
A large wood-burning stove can be a wonderful addition to any rustic cabin. However, you must keep it away from combustible items like carpets to prevent fire hazards.
Also make sure to use only seasoned or dry wood to ensure a long burning time. Also, make sure you purchase a certified wood stove for
eu führerschein kaufen erfahrungen
Can You Buy a Car Without a Driver’s License?
A driver’s license is a card issued by the government that allows a person to drive motor vehicles on public roads. It typically includes the bearer’s name and address, along with an image.
You can buy a driver’s license that is registered online in just a few steps. You can als
How to Stay Connected with Loved Ones
A Comprehensive Overview to Excelling in Internet Marketing
Introduction
In today’s rapidly evolving business landscape, internet marketing has become significantly essential for company expansion. Whether ‘re a small business owner or working in
Harry Lefrak
Harrison T Lefrak
Harrison T Lefrak
führerschein kaufen erfahrungen
Buy a Registered Driver’s License Without a Deposit
There are a few things to be aware of if you plan to buy a car but do not have a valid license. For example, you may be required to keep track of renewals and ensure that your address is current.
<b
slot mpo007 terbaru
situs slot gacor 2025
Harry Lefrak
judi gacor hari ini
Harry Lefrak
cổng game hitclub
Điều này giúp người chơi không bị giới hạn và luôn có thể tìm thấy trò chơi yêu thích của mình, từ đó tạo ra một trải nghiệm giải trí thú vị và phong phú.
Điều đầu tiên khiến Hitclub khác biệt so với các nền tảng khác chính là giao diện người dùng tối ưu và thân thiện. Khi tham gia vào nền tảng này, người chơi sẽ cảm nhận ngay sự dễ dàng trong việc tìm kiếm và tham gia các trò chơi yêu thích. Giao diện được th
treatment for add in adults
Treatment of ADHD in Adults
Treatment of adhd in adults focuses on medication, therapy and support from family members. Individuals can also take part in clinical trials to test new approaches to treating ADHD.
Stimulant medication is the most effective drugs for adults wi
Best Spots for Sunrise and Sunset Views
Effective Tips for Securing Your Online Information
In today’s online age, protection is a vital aspect that individuals and businesses must prioritize. As cyber threats continue to advance, understanding how to fortify your online protection measures is paramount for safeguarding your data safe.
Understanding Digital Security
<b
wie kann ich meinen führerschein kaufen
How to Buy a Driving License in New York
A driving license is an official document that permits you to drive certain types of vehicles. The process for obtaining one varies between states and countries.
From Buffalo from Buffalo to Montauk The road to a driver’s permit begins by meeting the eligibility requirements as well as passing road and
Going At this website
Fireplaces Wood Burning Stoves
Wood stoves are elegant modern design that is a perfect match for an array of home designs. They are a potent source of heat and can radiate heat throughout the entire room.
Modern wood burning stoves are EPA certified and feature high efficiency
the weeknd merch
If you’re a fan of The Weeknd, you know that his influence stretches far beyond music. His unique blend of R&B, pop, and hip-hop has shaped the sound of a generation, but his artistic vision extends into fashion and style as well. The Weeknd merchandise has become a staple for fans who want to show their love for the artist while also making a statement with their clothing. Whether it’s a stylish hoodie