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.
https://www.behance.net/789club20top
Chào mừng bạn đến với cổng game hàng đầu. Cổng game của chúng tôi cung cấp hàng loạt trò chơi hấp dẫn cho mọi đối tượng người chơi. Cổng game của chúng tôi cung cấp game bài, slot game, cùng nhiều trò chơi hấp dẫn khác.
Sàn game không chỉ mang đến dịch vụ chơi game chất lượng, mà còn luôn chú trọng đến công nghệ bảo mật hàng đầu. Mọi giao dịch sẽ được bảo vệ, giúp bạn y
Modern wood burning stoves
How to Properly Start a Wood Burning Stove
Wood stoves are an ideal way to save energy and heat a room. They require some care.
A majority of modern wood stoves comply with EPA emission guidelines. You can check for an EPA sticker on the grate or under it to ensu
registrierten führerschein kaufen erfahrungen
How to Buy a Driving License in New York
A driving license is a document issued by the government to allow you to drive legally. It can also be used as a proof of identification.
New York offers a wide selection of driver’s licensing classes t
Donne di conforto
di Michele Paris
I governi di Giappone e Corea del Sud qualche giorno fa hanno finalmente raggiunto un accordo su una delicata questione risalente a oltre setta
Letselschade Advocaat Arnhem
Voordat u in zee gaat met een letselschade advocaat, wilt u uiteraard weten hoe anderen onze rechtsbijstand ervaren. U leest onafhankelijke meningen over onze letselschade advocaten hieronder. Op ons kantoor werken letselschade advocaten samen met andere gespecialiseerde advocaten en juristen. Uw letselschade wordt hierdoor tot in de details afgehandeld.
<div styl
https://posteezy.com/breast-implants-safe-0
Discipline policy: If baby is in trouble, can the teacher do? Kids will act out, generally there is apt to be a real kick when the teacher to be able to discipline. Involving this fact, it carpeting idea to speak to each preschool you’re considering concerning their particular discipline policy, to get out what they do. Is it a break? Nose in the corner? A talking in which to
เว็บบอล UFABET
Everyone loves to watch their very own favorite crew play sports activities. Season within, season out and about. There are, having said that, occasions when it can have a minor boring. Whenever you start learning how to utilize information anyone have about your preferred team and favorite sport activity, betting on it can certainly be the breeze. This exhilaration contained in using your current information to make money only makes watching the a
have a peek at this website
ADHD in Adults Symptoms and Treatment
A health professional can assist adults suffering from ADHD. They’ll inquire about problems at home and work and any other issues.
They’ll also look for any family history of ADHD symptoms in childhood by looking over old school report cards and speaking to relatives. They could also conduct tests for m
Hier klikken
Voor juridische geschillen op het gebied van aansprakelijkheid bent u bij AV&L op het juiste adres. Bent u gebeten door een hond, dan is de eigenaar van deze hond aansprakelijk. Meer informatie over letsel na een verkeersongeluk onder werktijd. en ik wens u veel succes met het kantoor.– Donna S.
Een medische fout verschilt van het stellen van een verkee
Thank you very useful !!
OVOGG
https://www.twitch.tv/789club20top/about
Chào mừng bạn đến với sàn chơi game hàng đầu. Cổng game của chúng tôi cung cấp hàng nghìn trò chơi cho mọi đối tượng người chơi. Chúng tôi mang đến casino online, slot game, cùng nhiều game hấp dẫn khác.
Sàn game không chỉ mang đến trải nghiệm tuyệt vời, mà còn luôn chú trọng đến sự an toàn. Mọi giao dịch sẽ được an toàn tuyệt đối, giúp bạn yên tâm khi tham gia
The Power of Small Wins
Introduction
In today’s online age, enhancing site presence is crucial for businesses and entrepreneurs alike. With The Best Winter Travel Destinations of sites competing for attention, understanding how to shine is critical. This article explores successful techniques to make your internet platform more pro
log burning stoves near me
Double Sided Wood Burner
Adding a double sided wood stove to your home is an excellent method to create a focal point, and also connect two rooms. They are ideal for an open-plan space where you want to define a living area or lounge.
This stove from Vesta has dual opening doors with accent air and tertiary controls in polished stainless ste
https://glazier-merton.co.uk
DIY Window Repairs: Tools and Methods for Taking Care Of Usual Concerns
At DIY Window Services, we comprehend that keeping your home windows can be a chore. However, with the right tools and strategies, you can easily deal with usual concerns that occur. In this article, we will guide you with the different devices you need and the methods to utilize when it concerns DIY home window repair services. While
네이버 아이디 구매
현대의 고속 디지털 도메인 내에서 기업은 온라인 인지도를 능숙하게 관리하기 위해 액세스 가능한 모든 도구를 최적으로 사용해야 합니다. 한국의 핵심 플랫폼인 네이버는 강력한 디지털 자아상을 유지하는 데 중요한 다양한 서비스를 제공합니다. 지적 재산을 보호하고 대상 고객과 소통하려는 기업의 경우 네이버 전용 계정을 만드는 것이 필수적입니다
네이버 계정 인수는 운영 효율성을 높이기 위해 노력하는 기업에게 전략적 필수 요소가 되었습니다. 네이버 계정 사용자는 콘텐츠 관리를 체계화하고, 온라인 인지도를 높이고, 고객과의 생산적인 참여를 유도할 수 있습니다. 이러한 접근 방식은 시간을 절약할 뿐만 아니라 보다 구조화되고 생산적인 워크플로우를 제공하여 기업이 핵심 활동에 집중하고 네이버의 강력한 기능을 활용할 수 있
more..
Untreated ADHD in Adult Relationships
It’s difficult to stay in long-term relationships or marriage with someone who has ADHD. It’s especially difficult when the non ADHD partner feels that they have to constantly check in on their spouse and micromanage them to ensure that they are on top of things.
<b
sectional couch comfy
Buying a Little Comfortable Couch
Shop this choice if you like: A relaxed look, plenty of color and material choices, and a couch that can handle kids, animals, and daily messes. It can be found in cotton or leather materials, or in synthetic “performance” products that are stain- and spill-resistant.
https://heavenarticle.com/author/courtflood7-1732690/
But you should not truly really spend too much to be free from of these unwanted brown spots. There are also home remedies that you’ll be able to do allow only require you spend very little to next to nothing at every one. Here are some of.
With any plastic surgery procedure, it is very important that our bodies heals
comfortable l shaped sofa
Finding one of the most Comfortable Couches For Sale
From midday naps to at-home motion picture dates, a cozy couch is necessary. With options for color, fabric, seat depth, and cushion fill, the best sofa can be as gorgeous as it is comfortable.
Have a look at a couch’s online
Modern wood burning stoves
Cheap Wood Burning Stove
Many homeowners are turning to wood heat. The increasing cost of natural gas and heating oil is to blame. Stoves can also help save money on your home owner’s policy.
Research and careful consideration are required to choose the right
sectional couch comfy
The Most Comfortable Sectional Sofa
A comfortable sectional is the best spot to extend and unwind. You can sit back alone or welcome the gang over for motion picture nights.
Seat plushness is one of the most crucial factors to consider, however dimensions, reversible chaises, and unique functions like USB ports are likewise crucial. Mod
The Secret Secrets Of Non Stimulant ADHD Medication intuniv
adhd medication; Gita,
stylish sofa
Inexpensive Comfortable Couches
If you’re looking for low-cost comfortable couches, try to find a couch that can transform into a bed or has clever storage choices. It likewise helps if it’s built by a business that does not use display rooms and can pass on those cost savings to consumers.
<b
comfy overstuffed sofas
How to Discover a Comfortable Couch
Users rave about the comfort of this couch, which uses a remarkable 80 fabrics (including 47 pet-friendly choices). They also love how easily spots wipe away.
The comfiest couches are made with premium products that will stand up to daily use and wear. Try to find tough frames, kiln-dried wood building and cushions that are
Thanks for another grea post. The place else may just anyone get that kind off
informqtion iin succh an ideal method of writing?
I’ve a presentation next week, and I’m on the look for such info.
My web site homepage
bagong4d
Bagong4D: Platform Terpercaya untuk Penggemar Slot Online
Dalam dunia hiburan digital, khususnya bagi para penggemar permainan togel, **Bagong4D** hadir sebagai salah satu platform terpercaya yang menyediakan pengalaman bermain togel online yang aman, nyaman, dan menguntungkan. Dengan berbagai fitur unggulan serta layanan berkualitas tinggi, Bagong4D menjadi pilihan utama bagi banyak pemain di Indonesia.
signs of untreated adhd in adults
Physicians Who Treat ADHD in Adults Near Me
Many people suffering from ADHD have difficulties at work as well as in their relationships or at home. They might have tried coping mechanisms that did not work.
A specialist in ADD/ADHD will help with treatment and identify long-term solution
Learn Alot more
What is the Best Treatment For ADHD in Adults?
The majority of people suffering from ADHD will benefit from a combination treatment. These treatments are usually multimodal and may include treatment, medication and lifestyle modifications.
Stimulants are among the most commonly used treatments for A
10 Key Factors On Asbestos Cancer Lawyer Mesothelioma Settlement You
Didn’t Learn At School mesothelioma lawsuit
comfy overstuffed sofas
How to Update a Sectional Couch Into a Cozy Couch
Compared to 2 smaller sized sofas or a pair of loveseats, sectionals typically have more seating capacity and look more integrated in the room. They’re also a good choice if you frequently have visitors who want to crash on the couch.
<b
If some one needs expert view abut blogging afterward i advise him/her to pay a quick visit this webpage,
Keep up the pleasant work.
My site; website
Hi everyone, it’s my first pay a visit here at
this web page, annd piece of writing is actually fruitful in support
of me, keep up posting these types of posts.
텐텐벳가입코드
국내 최대 규모의 온라인 카지노인 저희 카지노는 2007년부터 정부의 지속적인 감시와 단속을 받고 있습니다. 따라서 우리는 사이트 이름을 Our Casino로 지정하고 제휴 프로그램인 Our Casino Affiliate를 개발했습니다.
저희 카지노 사업부는 1년에 한 번 정기적으로 상호를 변경하며 안정적입니다.
우리는 6개의 카지노 계열사를 운영하고 있으며 현재 , 007 Casino, Merit Casino
contemporary wood stove
Things to Keep in Mind Before You Buy a Wood Burner
Wood stoves are an excellent way to heat your home, and they’re green. They are also affordable and easy to maintain. However there are a few things to consider prior to purchasing one.
Wood smoke contains tiny particles that
escort KL,
Kuala Lumpur, a bustling metropolis known for its vibrant nightlife and rich cultural landscape, offers a unique experience for those seeking companionship. Within this dynamic city lies a realm of elite escort services, where both locals and travelers can indulge in luxurious and memorable encounters. Whether you are navigating the social scene for a business event or seeking companionship for a night out, the options available in KL are dive
Modern wood burning stoves
Log Burner Stoves
Log burner stoves can help you save money on heating costs. reduce carbon emissions from your home.
All stoves burning wood must meet UK building regulations – including the size of hearth and distance from combustibles. These are discussed in detail during the site survey.
wyciszanie ścian
W dzisiejszych czasach, gdy życie staje się coraz bardziej intensywne i pełne hałasu, poszukiwanie ciszy w domowym zaciszu staje się priorytetem dla wielu z nas. wyciszenie ściany od sąsiada ścian to istotny krok w kierunku stworzenia idealnej przestrzeni, w której możemy się zrelaksować, skupić i naładować energię. Zastanówmy się, jak możemy
https://www.fixitrightplumbing.com.au/plumber-yarraville/
The visible difference between taking care of your very own plumbing troubles and selecting outside the house help is extraordinary in terms of your money circulation. Why not see if you can do several of the careers your self? Or at a minimum turn out to be a bit more educated about them. Below are a few beneficial informati
comfortable sectional couches for sale
The Most Comfortable Sofa Bed
Couple of pieces of furniture multi-task as well as a sofa bed. They supply comfy relaxing throughout the day and an inviting place for overnight guests to capture some ZZZs in the evening.
Search for a pull-out mechanism that either unfolds th
comfortable sectional couches for sale
Picking a Comfortable Sleeper Sofa
There are several aspects to consider when choosing a comfortable sleeper sofa. These consist of the bed mattress type, frame building and cushion feel.
Quality frames made from kiln-dried wood are vital, as they are stronger than standard couch frames. In addition, the mechanism that
floor vacuum robot
A Robot Vacuum Cleaner Sale Can Help Keep Your Floors Clean
No matter if you live in an enormous house with three shaggy dogs or live in a small elegant apartment, a robot vacuum cleaner sale can help keep your floors clean. These gadgets are usually pricier than standard plug-in vacuums, but they can save you time and energy by taking care of the dirty work for you.
sectional couch comfy
How to Pick one of the most Comfortable Sofa Cushions
When looking for a brand-new sofa, there are a lot of details to consider. A couple of crucial ones include seat depth and measurements. Too shallow and it’s tough to unwind. Too deep and it appears like a daybed.
This modular sofa from 7th Avenue is sustainably constructed, stain-re
Happy Hour 부산부달
텐텐벳사이트
이 3가지 이유에 따라 카지노 사이트를 선택하십시오.
우리 카지노 사이트를 선택해야 하는 이유는 무엇입니까? 내 소식을 바로 듣게 될 것입니다.
카지노 사이트에는 충분한 자본이 있으며 카지노 비즈니스 규칙을 준수합니다.
우리는 카지노로서 처분할 수 있는 충분한 자본을 가지고 있습니다.
대한민국을 대표하는 카지노 사이트가 된 것을 기쁘게 생각하며 실망할 일이 없습니다.
“메이저 카지노”라는 용어는 자본이 많은 사이트를 말합니다.
자본이 풍부한 온라인 카지노는 자연스럽게 카지노 게임을 제공하기 시작해야
comfortable l shaped sofa
How to Upgrade a Sectional Couch Into a Cozy Couch
Compared to 2 smaller sized sofas or a set of loveseats, sectionals typically have more seating capability and look more integrated in the room. They’re likewise a good choice if you regularly have visitors who wish to crash on the couch.
<b
alternative adhd treatment for adults
ADHD Treatment For Young Adults
ADHD is an neurobiological disorder that has an extremely high prevalence, and it can have a negative impact on the lives of those who are diagnosed. Adults are typically treated with medication and psychosocial therapies, such as cognitive behavioral therapy.
A medical sp
The Most Beautiful Beaches Around the World
Introduction
The art of cuisine is not only a essential ability but also a delightful pastime. Whether you’re a novice or experienced, improving your culinary skills can result in more pleasurable meals for your nutrition.
onix911
ONIX911 คาสิโนเว็บไซต์ใหญ่ ที่ได้รับความนิยมสูงสุด แจกเครดิตฟรี ไม่ยั้ง ทุกเมื่อเชื่อวัน
ONIX911 มอบประสบการณ์การพนันป้อมคงจะ ไม่มีอันตราย รวมทั้งเพอร์เฟ็ค ด้วยมาตรฐานการบริการชั้นยอด ที่ครอบคลุมทุกความอยากได้ของผู้เล่น ไม่เพียงแค่ความเพลิดเพลินแล้วก็ความระทึกใจจากความมากมายหลายของเกมการเดิมพัน แม้กระนั้น ONIX 911 ยังให้การค้ำประกันความปลอดภัยของข้อมูลส่วนตัวรวมทั้งการคลังอย่างเข้มงวด เพื่
comfortable l shaped sofa
5 Sofa Styles That Will Never Go Out of Design
With numerous options out there, picking the right sofa style is everything about striking a balance in between lifestyle and aesthetic. Loungers may decide for a comfortable, low-sitting mid-century modern or a classic Lawson, while traditionalists might lean towards a more classy camelback.
Couple of styles
floor vacuum robot
How to Prolong the Life of a Robot Cleaner
A robot cleaner will make it easier to keep your home clean. But which ones do you be sure will do the job well?
Some models have mapping capabilities that remember your floor plans. This helps them to be more efficient to robots that d