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.
i loved this
How to Buy a Motorcycle License
It’s legal to purchase a motorbike in several states without a permit but it isn’t very practical. You won’t have the ability to test drive the bike and the majority of insurance companies will take additional measures to assess the risk of an unlicensed driver.
The process
Hot air balloon rides
IntroductionIn the ever-evolving world of internet marketing, grasping key strategies is vital for company success. As enterprises adopt the digital landscape, familiarity with online marketing ideas can secure a competitive edge. This article explores various dimensions of digital marketing, offering valuable tips and insights.
Body Content
just click the up coming page
Contemporary Wood Stoves
Historically, homes were built around wood stoves, which provided an energy source for heating which has no effect on your electric bill. Modern stoves can be an attractive addition to any home.
This DEFRA approved modern wood burning stove blends moder
beställa nytt ykb kort
How to Order a New Driver’s License in New York
Losing your driver’s license can be stressful. The Good News Is, New York offers numerous ways to get a replacement.
Start by doing a thorough search, but also make certain to report it as soon as possible. This will assist prevent identity theft and allow you to take any necessary steps to secure yourself.
nytt körkort malmö
I Will Buy a Category B Driving License
If you’re interested in becoming a commercial truck driver, then you need to get your category B driving license. This kind of license permits you to drive cars with a maximum licensed mass of up to 3,500 kg.
Class B industrial motorists run straight trucks and box trucks with small trailers. They’r
echten führerschein kaufen
Buy Registered Driving License Online
You must pass an exam on the road if you are a new driver. If you are moving from another state, you’ll be required to pass the requirements for testing and training. Once you’ve passed the test, you will be issued an interim driving license which allows you to d
ac220chemical
CTRP9 revealed synergistic effect with LPS in inducing M1 macrophages. In macrophages-VSMCs co-culture system, apoptosis and down-regulated proliferation of VSMCs were accelerated with CTRP9-treated macrophages. Then we attempted to explore the underlying molecular components of CTRP9 resulting in M1 activation. The c-Jun NH2-terminal kinases (JNK) are people in the mitoge
sneak a peek at this web-site.
How Much Does it Cost to Buy a German Registered Driving License?
If you’d like to drive a car in Germany you’ll need to exchange your non-EU or EEA license for one German one. This can be done at the Fuhrerscheinstelle in your city. Other requirements include a first aid course as well as an eye test.
<br
kann man den führerschein kaufen
Buy EU Driving License Experiences
The standard format EU driving license – which is a plastic credit card-sized card with security features – is recognized across the EU. There are certain conditions that you must satisfy to obtain one.
You are required to live in or regularly go back to th
thor311
provider slots online playtech merupakan salah di antara satu dari beberapa pemasok permainan slots terpopuler dan paling dipercaya di dunia. telah banyak permainan slots popular yang dibuat oleh playtech ini. untuk dapat memenangi permainan judi slots online bikinan playtech, cara-cara dapat digunakan. berikut di bawah ini ialah cara-cara terpilih untuk menjadi pemenang games slots online hasil provider playtech.
echten führerschein kaufen
Buy a Driving License For 500 Euros
It’s not cheap to obtain an French driving license. It can cost as much as 500 euros to get your first license. You will also need to undergo a health exam that you can take in any medical facility.
The new license is a paper document that’s similar to
just click the up coming page
Used Wood Burning Stoves and Inserts
A log burner can be an excellent addition to any home. It creates an inviting and warm atmosphere and is a fantastic alternative in the event of power failures. It also comes in a wide selection of styles to fit any style.
They do require regular maintenan
beställa nytt ykb kort
How to Get a New Driver’s License
Acquiring a new driver’s license is a major milestone for most adult drivers. It needs meeting eligibility criteria, studying traffic laws and practicing driving abilities, and passing written and road
https://www.pinterest.com/sunwinaeorg/
Xin chào bạn đến với cổng game chất lượng tại Việt Nam. Tại cổng game của chúng tôi, bạn sẽ có cơ hội trải nghiệm với các game thú vị từ bóng đá, đến game slot.
Nền tảng game luôn mở rộng các trò chơi mỗi ngày để bạn không bao giờ cảm thấy nhàm chán. Với giao diện dễ sử dụng, việc tham gia và thưởng thức các trò chơi chưa bao giờ nhanh chóng đến thế. Bạn chỉ cần vài
https://blinkcheap.com/
provider slots online playtech merupakan satu diantara sebegitu banyak penyuplai permainan slots terpopuler dan dapat dipercaya di dunia. sudahlah banyak permainan slots tenar yang dibuat oleh playtech ini. buat dapat jadi pemenang games judi slots online hasil playtech, cara-cara dapat difungsikan. berikut di bawah ini yaitu cara-cara terunggul untuk memenangi permainan slots online hasil provider playtech.
mencar
https://outsourcetovietnam.org/understanding-data-analytics-outsourcing/
In today’s fast-paced and data-driven world, businesses are generating enormous amounts of data. From customer preferences in order to operational metrics, this data holds invaluable insights that can drive growth, improve efficiency, and foster innovation. However, generating sense of this particular vast sea of information requires kno
https://bigwinauto.me/
ทำให้ผู้เล่นมีความยืดหยุ่น รวมทั้งสะดวกสำหรับในการเพลินกับเกมคาสิโนโปรดได้ทุกที่ ิยมชมชอบที่เพิ่มขึ้นของ คาสิโนออนไลน์ บนแพลตฟอร์มการเดิมพันบนมือถือ จากความก้าวหน้าด้านเทคโนโลยีไปจนกระทั่งการเข้าถึงแล้วก็ประสบการณ์ผู้ใช้ที่ได้รับการปรับปรุงแก้ไข การเดิมพันบนโทรศัพท์มือถือได้กลายเป็นตัวเลือกยอดฮิตสำหรับผู้เล่นที่แสวงหาประสบการณ์คาสิโนที่ประทับใจแล้วก็เบิกบาน
Remote island travel
Introduction
As the planet seeks to combat the effects of climate change, clean energy has become a key focus. In this piece, we look at the different aspects of renewable energy, its advantages, and its impact on the global energy landscape.
kann man den führerschein kaufen
German Driving License For Sale
You can swap your current driver’s license from a member state of the EU or EEA to one that is a German one. You will have to adhere to the rules of the new license.
Buy 100 100% authentic German driving licenses for sale from Tripp
Seebio Amino Acids
As the all-important governor of enteral bacterial diversity , probiotics are a likely treatment for chronic high-salt diet ( HSD ) -induced metabolous disfunction . entrapped in microgels have been confirmed as constituting more effective than free cubicles in protecting bacteria against unfavourable conditions , that is , enhancing their stress resistance . This study researched the physiologic mechanism by which
123yes
เว็บไซต์ตรงบาคาร่า โดยธรรมดาแล้วควรมีข้อมูลส่วนตัวรากฐานแล้วก็ขั้นตอนการจ่ายเงิน เมื่อสมัครสมาชิกแล้ว ผู้เล่นสามารถเลื ่าเวอร์ชันต่างๆและก็เริ่มพนันได้ เว็บหลายที่ยังมีเวอร์ชันแสดงให้ผู้เล่นฝึกหัดก่อนเล่นด้วยเงินจริง ด้วยเทคโนโลยีที่ล้ำยุค เว็บบาคาร่าออนไลน์ก็เลยมีตัวเลือกสตรีมสด ช่วยทำให้ผู้เล่นสามารถเล่น บาคาร่าแบบเรียลไทม์ กับเจ้ามือจริงได้ แบบเรียลไทม์ ฟีพบร์นี้เพิ่มส่วนประกอบของความสมจริงสมจังให้กับเกม ทำให้ประสบการณ์นั้นใกล้เคี
schäferhund beschützerinstinkt
How to Care For a Purebred German Shepherd Puppy
German Shepherds are a well-loved breed in America. They make great pets for families and are also great working dogs.
German Shepherd puppies have thick double coats that shed a lot during the spring and summer. Regularly brushing
Paid surveys in Nigeria
Most people don’t know where to start making money online. This article was written to help you. Here you’re going to learn what it takes when you want to earn money on the Internet. If you’re serious about making money with the help of the Internet, this article will give you ideas on how to get started.
Watch for scams.
s3i-201 inhibitor
The panels are based on cellulose nanofibrils (CNFs) as a binder and lumber particles. Various other ingredients included FiberLeanTM (microfibrillated cellulose/calcium carbonate composite), starch and fire retardant (boric acid/borax). These panels are designed to address environmentally friendly problems of commercial
Backpacking tips
IntroductionIn today’s fast-paced environment, online marketing has become an essential part of business strategies. With more people turning to the internet for information, shopping, and entertainment, understanding the ins and outs of digital marketing is more crucial than ever.
Key Components of Dig
beställa ett nytt körkort
How to Apply For a New Driver’s License in New York
Requesting a new driver’s license is not a simple process, and it requires cautious preparation. You need to collect 6 points worth of documents that show identity and date of birth, and you will also need evidence of residency.
Buy cheap Facebook live views
In today’s digital landscape, engaging an audience during a Facebook Live session is more critical than ever. As competition grows, the quest for visibility and interaction can feel overwhelming. Fortunately, there are strategic ways to elevate your Facebook Live experience and reach a broader audience. One effective approach is
Winter wildlife photography
Introduction
In today’s fast-paced business world, the significance of online promotion cannot be overstated. As more customers turn to the internet for their everyday needs, understanding and effectively using digital marketing strategies has turned into a n
just click the next post
What You Should Know About German Shepherd Puppies
German shepherd puppies are extremely intelligent easy to train and natural workers. They love adventure and need lots of exercise.
Early socialization is essential to teach children that animals and humans are not danger. They can be
Live streaming tools for Facebook growth
As we move into 2025, the landscape of social media continues to evolve, and Facebook Live has firmly established itself as a powerful tool for engagement and outreach. Whether you are a content creator, a business, or an influencer, having a strong viewing audience can significantly enhance your live streams, making them more impactful and appealing. If you want to boost your broadcast and reach a wid
sphk signal
In 2 cases there was lack of ependymal cells coating the cerebral ventricular system, with large numbers of lymphocytes within the fundamental neuropil. This finding shows that B. ceti gains accessibility, and multiplies in, the cerebrospinal fluid, and verifies that this is actually the sample of choice for bacteriological recover
robotic vacuum cleaner sale
The Benefits of a Robot Vacuum Cleaner
Robot vacuums last for many years with proper maintenance and care. This includes removing hairs that are tangled from the brushes, emptying and cleaning or replacing the filter, and wiping the sensors or cameras to keep them clean.
visit the next internet site
How to Buy a Driving License in Germany
You can transfer your license if are moving to Germany from another state or country in the US that has reciprocity. In certain situations you might be required to pass a practical and theory exam.
Prices can vary, so make sure you compare prices. Be sure
buy cocaine canada
Crack is a stimulant that speeds up messages travelling in between the brain and even body. It’s generally snorted or inserted but can furthermore be rubbed into the gums. It includes many names like coke, blow, white dust, snow, nose candy, Charlie and toot. Cocaine could cause a strong rush that lasts in relation to 30-45 minutes if snorted, or upwards to a few hours if injected. It can also re
thor311
trik tentukan situs slots online terbaik. bermain permainan slots online dapat menjadi pengalaman yang paling mengenakkan tapi beberapa dari itu terkait pada penyeleksian permainan judi yang prima dari pelbagai jenis. memutuskan amat terkait pada jenis yang diminati buat calon dan di kesempatan buat menang.
disamping itu, kesepakatan banyak pemain untuk menganakemaskan diri pada permainan mesti diperiksa. seorang bisa secara mudah
PNG meaning in photoshop
FileMagic serves as a flexible program engineered to optimize file management and improve the user’s workflow by delivering a comprehensive and accessible environment to open, examine, and work with various file formats. Whether handling intricate data packages or simply looking for an effective approach to streamline your process, This particular tool acts
trang chủ Bongdalu
Trong thế giới bóng đá hiện đại, việc theo dõi thông tin và các hoạt động liên quan đến môn thể thao vua này không còn là điều dễ dàng với những tín đồ trung thành. Tuy nhiên, Bongdalu đã xuất hiện như một điểm đến lý tưởng cho những ai đam mê bóng đá. Với nhiều tính năng hấp dẫn cùng với thông tin cập nhật liên tục, trang chủ Bongdalu hứa hẹn sẽ mang đến cho bạn những trải nghi
https://outsourcetovietnam.org/understanding-data-analytics-outsourcing/
In an era exactly where data is some sort of valuable asset, businesses are increasingly turning to data stats to derive doable insights and drive decision-making. However, its not all company has typically the necessary expertise or infrastructure to successfully analyze large amounts of data. This will be where outsourcing data analyti
Buy cheap Facebook live views
In today’s digital landscape, engaging with your audience in real-time has never been more crucial for brands, creators, and marketers. Facebook Live offers a unique platform to connect instantly, share experiences, and create a community around your content. However, even the most compelling live streams can struggle to attract vie
https://growmintz.com/
Pilih perjudian yang pas memang jadi soal mutlak yang seharusnya selalu anda cermati. Iktikad cocok di sini sudah pasti ialah type permainan yang benar-benar simpel dimainkan serta miliki rasio kemenangan tinggi. Nach, bercakap mengenai tipe permainan simpel dan punya kesempatan menang tinggi, judi bola memanglah menjadi opsi terhebat anda.
Perjudian online ini banyak memang diputuskan karena keuntungan dan kelapanga
deutscher schäferhund schwarz kaufen
Exercise For Healthy German Shepherd Puppies
German Shepherd puppies, like all breeds of dog, need daily mental and physical exercise. If they’re not engaged, they can get bored and exhibit destructive behaviors such as chewing on or digging into your shoes!
Find an ethical breeder who is
https://outsourcetovietnam.org/understanding-data-analytics-outsourcing/
In today’s active business environment, info can be a critical asset for companies across all industries. To be able to remain competitive, companies are increasingly transforming to data analysis to gain insights that guide decision-making and drive ideal initiatives. However, not really all businesses have the necessary assets, experti
beställa nytt ykb kort
How to Order Driver’s License Replacement Online
If you lose or harm your New York state driver’s license or non-driver ID card, you can apply to change it by mail. You need to provide proof of identity chosen from the list of acceptable files, and pay a charge to receive your replacement f
just click the up coming page
Cheap Wood Burning Stoves – 3 Ways a Cheap Wood Burning Stove Can Make Your Home More Sustainable
Wood stoves offer an environmentally green alternative to electric heaters. They’re also a reliable way to keep warm during an power outage. Plus, burning wood can save money on your energy costs.
https://gravatar.com/sunwinaeorg
Kính chào bạn đến với nền tảng game chất lượng tại Việt Nam. Với cổng game này, bạn sẽ có cơ hội trải nghiệm với hàng nghìn trò chơi từ game bài, đến các môn thể thao khác.
Cổng game luôn cập nhật các trò chơi mỗi ngày để bạn không bao giờ cảm thấy nhàm chán. Với hệ thống thân thiện, việc tham gia và thưởng thức các trò chơi chưa bao giờ thuận tiện đến thế. Bạn chỉ cần vài bước
slot gacor hari ini
Aliyah Bet is the Hebrew term that refers back to the clandestine immigration of Jews to Palestine between 1920 and 1948, when Great Britain controlled the area. 30 dollars on a 6 or eight pays 35 whereas an odds bet of 25 dollars pays 35 dollars also including the flat bet. The odds are long, however the payoff might be huge. Murphy Kelly, Samantha. “Why Are Smartwatches So Ugly?” Mashable. Why so vigilant? Even if you aren’t at
stoves log burners
Why Choose Wood Burner Stoves?
Wood burner stoves have received some negative press lately however they’re an excellent choice for many homes. They offer a self-contained heat source that will stay on even in power outages.
Wood is thought to be carbon neutral as trees abs
beställa körkort online
Getting Your New Driver’s License
Getting your driver’s license can give you flexibility and self-reliance. It permits you to navigate without waiting on pals or relying on public transport.
The New York State Departm
https://ko66vip.hair/
KO66 | ko66vip.hair được mệnh danh là thiên đường giải trí hàng đầu Châu Á với nhiều quà tặng hấp dẫn. Nhà cái ko66vip.hair mang đến các game bài đổi thưởng siêu khủng: casino, thể thao, bắn cá, đá gà,… Cơ hội đổi đời trong tầm tay, ngại gì không chơi ngay
Thông tin liên hệ:
Thương hiệu: KO66
Website:
Địa chỉ: 160/6 Lương Thế Vinh, Tổ 37, Thanh Xuân, Hà Nội,
Karaoke Bar op