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.
Zbet
Anh bắt đầu nghiên cứu kỹ hơn về các thông tin liên quan đến trận đấu: phong độ của đội bóng, lịch sử đối đầu, tình hình chấn thương của cầu thủ. Song song đó, anh học cách đọc hiểu tỷ lệ kèo và phân tích sâu hơn các loại cược như kèo châu Á, kèo tài xỉu. Sau nhiều tháng kiên trì, anh không chỉ thu hồi vốn mà còn tạo ra lợi nhuận ổn định từ cá cược thể thao.
Cá cược thể
BGB324
We conclude that the knowledge accumulating from the growing body of signature modelling investigations has considerable power to advance cancer etiology studies and to support cancer prevention efforts through streamlined characterization of cancer-causing agents and the recognition of their specific effects.The tests used and the general principles behind test strategies are now often over 30 years old. It may be time by now,
https://telegra.ph/Nfl-Football-Picks—How-In-Order-To-Create-A-Killer-Bet-On-Sports-12-23
All you will now usually have broaden and internet which I’m you already did since you’re reading this now. The trick is place your wager any user win. Prior to invest heavily into the game, the look at if the website is trustworthy and also more importantly how would you get your winnings back again
self vacuum
Robot Vacuum Cleaner on Sale
Robot vacuum cleaners are a great solution to keep your home clean. They are ideal for picking up pet fur, crumbs and dust from hard floors such as wood or tile and low pile carpets.
The latest models will come with navigation systems that were only ava
Selleck Sodium valproate
BRD4, a member of the bromodomain and extra-terminal domain (BET) protein family, plays a role in the organization of super-enhancers and transcriptional activation of oncogenes in cancer and is recognized as a promising target for cancer therapy. microRNAs (miRNAs), endogenous small noncoding RNAs, cause mRNA degradation or inhibit protein translation of their target genes by binding to complement
wood burning stoves small
The Benefits of a Small Wood Burner
A small wood burner is a fantastic addition to any home. They can be used for heating small rooms and some are even portable enough to be taken to the outdoors.
This stove offers a great design and is compliant with EPA emission standards, while taking up minimal space. It also has a glass viewing window and
comfy couches for sale
Comfortable Overstuffed Sofas
If you’re looking for a sofa that feels like a cloud and is suuuper comfy to lounge on, look no even more. These extra-deep couches will fulfill your dream of reclining and napping or cuddling with the fam for film nights.
This Editor-favorite has a plush feel,
Thank you! Thanks for sharing these valuable insights.
contemporary wood burning stoves
The Dangers of a Wood Burning Fire
A wood-burning fireplace can provide a cozy and enjoyable experience. However, it can produce toxic combustion products. It is essential to know about how wood burns and how to utilize your fireplace.
Choose the seasoned or kiln-drie
Simple recipes
Introduction
In today’s fast-paced world, smartphones have become an integral part of our daily lives. These multifunctional devices not only enable communication but also bring a plethora of advanced capabilities that make life easier. explores into the latest features of mobile devices that redefine the
small log burning stove
Wood Burner Clearance Sale – 3 Wood Burner Pen Tips For Beginners
With energy costs rising more and more people are opting to use log burners to keep their homes cosy. But these stoves are causing anxiety because they release harmful particulate matter.
LeicestershireLive has details of new Government regulations pertaining to wood b
Lerarn More from Nirdosh Jagota
The landscape of education is undergoing a profound transformation, driven by the rapid advancements in artificial intelligence. As traditional teaching methods are complemented, and in some cases replaced, by innovative AI technologies, educators and learners are discovering new opportunities for personalized and efficient lear
Top small town experiences
In today’s rapidly evolving world, digital transformation has emerged as a vital element for success in modern businesses. Understanding its importance is key for navigating the challenging marketplace. This piece aims to dive into the nuances of this subject, offering insights and guidance for entrepreneurs and professionals equally.
<b
alk signals inhibitors
The volumetric shrinking (VS) ended up being determined as a buoyancy change in distilled water in the form of the Archimedes concept. Polymerization shrinkage-stress (SS) was calculated making use of the tensilometer method. The flexural strength (FS), modulus (FM), and fracture toughness (FT) had been assessed using a th
hey dude
Whether you’re seeking to lend much more arch help towards your really hard working feet, give your design a lovely lift, or discover a set of shoes as breathable as bare feet, acquire convenience in realizing that HEYDUDE Women’s Platform Shoes are right here to support your every single step. Shop our range today by colour, design, and size to search out your following go-tos.
Wear your new Wendys with a
https://www.tumblr.com/10sunwintop
Xin chào bạn đến với nền tảng game chuyên nghiệp. Chúng tôi cung cấp hàng nghìn trò chơi từ poker, slot game, cho đến các môn thể thao ảo. Với giao diện dễ sử dụng, bạn có thể tham gia cá cược một cách mượt mà.
Cổng game của chúng tôi luôn mang đến trải nghiệm tuyệt vời cho người chơi. Với công nghệ bảo mật hiện đại, bạn có thể yên tâm khi chơi game tại nền tảng của chúng t
diệt mối nhà phố quận Bình Tân
Các điểm đặt bả phải được đảm bảo ổn định không bị di đưa hoặc bị nhiễu động trong xuốt thừa trình diệt mối. + Kinh doanh các chủng loại thuốc kháng côn trùng mọt, diệt côn trùng nhỏ chính hãng sản xuất, chi phí rẻ tại Bình Tân. Tất cả những loại thuốc khử mọt này này đều phải có giấy triệu chứng nhận CO của Nhà CửA mấy và CQ của cục đả
thor311
Banyak pemula yang belum mengetahui benar secara main judi online yang bagus serta betul. Mainkan games judi online memang menjadi soal yang tidak simpel buat beberapa pemula. Kadang beberapa pemula gak mengerti benar-benar dengan bagaimana mulai perjudian online. Karena itu, banyak pemula harus mengerti trik bermain secara bagus namun juga betul.
Beberapa betaruh masih yang pemula seharusnya mempersiapkan diri secara baik kalau
https://www.youtube.com/@10sunwintop
Chào mừng bạn đến với sàn chơi game hàng đầu. Chúng tôi cung cấp hàng nghìn trò chơi từ game bài, slot game, cho đến thể thao ảo. hệ thống dễ thao tác, bạn có thể thử vận may một cách dễ dàng.
Nền tảng game luôn mang đến dịch vụ chơi game chất lượng cho người chơi. Với hệ thống bảo mật cao, bạn có thể yên tâm khi chơi game tại nền tảng của chúng tôi. Dữ liệu của bạn sẽ
original site
As you most likely know, it is hard to get great results with Agriculture Show today. You must not allow the matter intimidate you, simply because it is most definitely possible to get to your targets. Unquestionably, by going to my website, you are going to be capable to find the clarification you need, and obtain the helpful answers that you could be seeking for. If want far more understanding on this matter, internet site might be wha
escort KL,
offer a platform for individuals to attach with trustworthy KL escorts, ensuring that clients can take pleasure in customized experiences. The online reputation of elite escort services KL stems from the expertise and discernment upheld by the escort firms, enabling customers to participate in their escapades without concern. When checking out the world of KL companion solutions, it is essential to comprehend the numerous kinds of companions read
contemporary wood burning stoves
How to Properly Operate a Woodburning Stove
Wood stoves are a great option to heat your home. They’re also inexpensive. Smoke from wood stoves can be harmful to your health. It is essential to understand how these appliances work and to use them correctly.
Many modern stoves rely upon a catalytic or secondary c
Great blog here! Also your site a lot up very fast! What web
host are you the use of? Can I get your associate hyperlink to your host?
I desire my web site loaded up as quickly as
yours lol
Cooking for one
Introduction
In today’s fast-paced world, finding peace has become increasingly important. This is where mindfulness comes into play. Mindfulness, which has earned attention across the globe, provides a way to enhance your psychological and bodily health. In this article, we explore the benefits of engaging in mindf
wood burning stoves small
Log Burner Stoves
Log burner stoves are a great way to save money on heating bills. They also reduce carbon emissions from your home.
All stoves that burn wood have to comply with UK building regulations, which includes the dimensions of the hearth and distance away from combustibles. These can be outlined in detail during a sit
adhd in adults symptoms and treatment
Untreated ADHD in Adult Relationships
It can be difficult to maintain a long-term marriage or relationship with someone who has ADHD. Particularly when the non-ADHD spouse feels they must constantly check in and micromanage to ensure that they are on top of tasks.
taiappj88
If you want to dollars but don’t yet know enough in regard to a specific sport or even sports generally then generally want to check out tipping services, referred to as “picks”.
How are you define sports gambling? Probably the most simple description of online wagering will it be is per game of chance, much like other casino games. However, sports gambling is more complex than that. Despite the fa
adhd in adults untreated
ADHD Treatment For Young Adults
ADHD is a very prevalent neurobiological disorder that can negatively impact the lives of those who suffer from it. Adults are usually treated with medication and psychosocial treatments, which include cognitive behavioral therapy.
A health specialist will examine your symptoms and may request a medical history o
https://queengrown.com/
siapa saja pastinya berharap serta mengharapkan yang bernama kemenangan termasuk dalam perjudian slots online. bila anda memanglah menghendaki serta mendambakan yang bernama kemenangan, karenanya sangatlah direkomendasikan buat anda dapat ketahui dan pahami benar perihal cara-cara serta trick apa yang dapat dipakai. yang pasti ada banyak teknik dan siasat tepat yang sampai kini sudahlah banyak bisa terbuktikan dapat sukses mendapat k
“I adore the color options for the Vwoollo hoodie. So trendy!”
hey dudes womens
Give is available for 1st-time mobile subscribers only. Message frequency may possibly differ from 20101. Consent just isn’t required to make a acquire. Message and knowledge rates may perhaps utilize. Textual content Halt to terminate. Text Assistance for aid.
Exercise isn’t the only action it is possible to get pleasure from whilst sporting these sporty sneaks. Actually, HEYDUDE women’s sneakers are made to be worn
stemcells signals inhibitor
Copyright © 2020 Clinical and Experimental Hepatology.Aim for the study Combined magnetized resonance imaging and magnetic resonance cholangiopancreatography (MRI/MRCP) can identify biliary strictures and diagnose primary sclerosing cholangitis (PSC). Diagnosis of cholangiocarcinoma in customers with PSC continues to be challenging
https://gitlab.com/boekhouderbreda
Wij stellen uw aangifte inkomstenbelasting voor u op en kijken naar alle fiscale voordelen welke we voor u kunnen behalen. vaak door elkaar gebruikt, maar er zijn grote verschillen tussen deze twee. De titel accountant is daarentegen wél beschermd. Bij accountants onderscheidt men nog AA-accountants en een RA-accountants.
you are really a good webmaster. The website loading speed is amazing.
It sort of feels that you are doing any distinctive trick.
Also, The contents are masterpiece. you have performed a magnificent process in this
topic!
Here is my page … kontol
Your content is very good and the posts that you share are also very good. Thank you!
Powertrac 439
robot vacuum cleaner best buy
How to Choose the Best Robot Vacuum Cleaner
A robot vacuum can save you a lot of time and effort when it comes to regular cleaning. The best models do a great job picking up dust and lightweight debris and allow you to create no-go zones for pet areas or power cords.
<
https://outsourcetovietnam.org/high-performance-web-development-frameworks/
Choosing the appropriate webdevelopment framework will be one of typically the most crucial decisions developers face when constructing a website or perhaps web application. The particular framework you ultimately choose could significantly impact the development speed, scalability, performance, and long lasting maintainability of
website hier
Ze groeien in of op de buitenmuur waardoor vuil zich gaat inkapselen en de gevel zal beschadigen. Gevelvervuiling door graffiti heeft altijd een externe oorzaak. Straatkunstenaars of vandalen gebruiken verf, inkt of ander materiaal om een tekening of tekst op een buitenmuur te schrijven.
Gevelrenovatie van u gehele woning.Gratis en vrijblijvend een
glaziers
Bid Farewell to Cracked Glass: Specialist Techniques for Professional Glass Repair Service
At Say Goodbye to Cracked Glass, we comprehend the disappointment and hassle that includes having actually cracked glass in your home or business. Cracked glass not just compromises the visual allure of your space however also poses potential safety and security risks. That’s why our team of experts is right here to give you with
jakenzyme
Our browse ClinicalTrials.gov making use of terms “stem cell” and “osteoarthritis” yielded 83 outcomes. An analysis associated with the 29 trials which have been completed revealed differences in origin of MSCs (bone tissue marrow, adipose tissue, umbilical cord etc.), mobile kind (autologous or allogenic), and dose administered. More over, just 02 away from 29 researc
https://outsourcetovietnam.org/high-performance-web-development-frameworks/
Web development frameworks enjoy an essential role within simplifying the method of creating scalable, efficient, and top-end web applications. Simply by leveraging these frameworks, developers can reduces costs of development cycles, decrease errors, and improve overall project high quality. In 2024, the particular landscape of we
small comfy couch
How to Find one of the most Comfortable Couches
A comfortable couch invites people to invest time together and promotes a relaxed mood. Convenience likewise adds to physical well-being by enabling muscles to loosen up after extended sitting durations.
Thinking about the full lifecycle of your couch is very import
marktinzichten, feedback analyse, sterke punten concurrenten, zwakke punten concurrenten, productkwaliteit, klantenservice
Concurrentieanalyse met klantbeoordelingen is een krachtig hulpmiddel om inzicht te krijgen in de markt en je positie te verbeteren. Door de feedback van klanten op concurrenten te bestuderen, kun je waardevolle informatie vergaren over hun sterktes en zwaktes.
Cliquez ici
Trouver un excellent professionnel de la toiture à cette localité peut être un défi. Que vous ayez urgence d’une intervention, d’une modernisation ou d’une nouvelle couverture, il est crucial de choisir un professionnel compétent. Cet article vous présente tout ce qu’il faut savoir pour localiser le couvreur idéal, avec des recommandations pour améliorer votre recherche.
à un Spécialiste de la Cou
comfortable pull out couch
A Big Comfortable Sectional Sofa Is a Must-Have For Any Home
This modular sofa is a fantastic pick for a space that’s brief on square footage. It has a sleek shape, can be found in a few setups and needs very little assembly.
GH Institute senior editor Emma Walsh recommends this couch fo
azd6244 inhibitor
The type and magnitude for the very first changes, hundreds of million years before photosynthesis developed, remain badly understood. Using a novel ecosystem-planetary design, we discover that pre-photosynthetic methane-cycling microbial ecosystems are much less effective than previously thought. Regardless of their low efficiency, the advancement of methanogenic m
comfy couches for sale
How to Find one of the most Comfortable Affordable Couches
When it concerns cost effective couches, the most comfortable alternatives are upholstered in durable fabrics that look rich and hold up well to everyday usage. Try to find natural or synthetic fabrics that can be easily cleaned up and are less most likely to re
robot vacuum cleaner best buy
How a Robot Vacuum Cleaner Can Improve Your Home
A robot vacuum cleaner can do more than just vacuum. Some robot vacuum cleaners feature navigation and mapping systems that allow them to navigate through complicated floor plans. Some also have a massive charging base that allows them to recharge and contin
adhd treatment for adults medication
ADHD Treatment For Adults Without Medication
There are methods to manage ADHD symptoms without taking medication. Psychotherapy, regular physical exercise and healthy eating as well as incorporating various breathing techniques and meditation techniques can help reduce symptoms.
Stimulants are among the most popular medica
diệt mối kho hàng quận Bình Tân
Là một vào những đơn vị hàng đầu vào nghành diệt mọt và côn trùng nhỏ, Công ty Đại Toàn Việt đến hiện nay đã xác minh được vị thế của mình sau hơn 10 năm hoạt động và sinh hoạt. Bên cạnh đó, nhóm ngũ nhân viên trực tổng đài luôn luôn sẵn sàng giải đáp thắc mắc, tư vấn sức nóng tình mang đến quý khách hàng 24/24 qua số đường dây nóng. Kẻ thù lớn nhất của các công trình xây dựng con kiến tr