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.
read the article
Buy A2 Driver’s License Online
Find out more about buying your driver’s license online Learn what files you require, just how much it costs, and other handy information. If you have a medical condition that affects your ability to drive, there are ways to get assist from DMV.
a2 führerschein online shop
Get A2 Driving License Online
The A2 licence permits you to ride a bigger and more powerful bike. It also lets you bring pillion guests and ride on freeways. It is popular with riders who wish to update from their CBT without going directly to a complete A licence.
To obtain an A2 licence, you must pass a motorcycle theory test a
The department store industry has undergone significant transformation in recent years, navigating challenges such as e-commerce competition, changing consumer preferences, and economic fluctuations. Traditional department stores, once central to retail, now compete with online platforms and specialty retailers offering convenience and niche products.
abogado flsa nueva york
homesite
Buy A2 Driver’s License Online
The A2 driving licence is the 2nd level of motorcycle driving licence. It enables you to drive a motorcycle with a maximum power of 35 kW. To qualify, you need to pass a theory and dry run. You can likewise choose to go into straight into category A2 if you currently have an A1 driving license.
Re
a2 motorradführerschein online kaufen
Buy A2 Driving License Online
The A2 driving license is the 2nd level of motorcycle licence. It enables you to drive a bike with up to 35 kW of engine power. It is planned to offer young people the opportunity to slowly go up and carefully think about greater engine power.
This licence can be upgraded to classification A after two years.
<b
linked internet page
How to Get a New Drivers License
Getting a new drivers license includes meeting eligibility requirements, studying the driver’s handbook, practicing driving under supervision and passing written and roadway tests. As soon as you pass the test, you can apply for your license card.
This year, anyone who gets a new license, authorization o
where to buy research chemicals
Introduction:
Buying research chemicals online from China can be quite an overwhelming task, using typically the right knowledge in addition to precautions, it can easily be done safely and securely. In this guide, we are going to walk you through the steps to ensure that you are getting high-quality research chemicals from reputable sources.
<br
zbet
đem đến một trải nghiệm giải trí đẳng cấp với dịch vụ chuyên nghiệp và trò chơi đa dạng. Với các chương trình khuyến mãi hấp dẫn, Zbet cam kết mang lại cho người chơi một môi trường cá cược an toàn, minh bạch và công bằng.
## Tại Sao Chọn Zbet?
Zbet được đồng hành cùng hàng triệu game thủ bởi những ưu điểm vượt trội:
1. **Tích hợp đầy đủ thể loại từ game bài,
At Ledger, we prioritize your security and convenience. Our platform is designed to provide the ultimate protection for your digital assets, safeguarding them against cyber threats while offering an intuitive user experience. With Ledger.com/start, managing your digital assets has never been simpler. Our secure platform ensures that your cryptocurrencies are safe while giving you the flexibility to access and manage them anytime, anywhere.
mental health screening
Mental Health Tools for Assessing Mental Health
It should be simple to administer, and must provide information in real-time. It should assist practitioners in identifying initial areas of focus for their patients.
Mental health assessments may also include written tes
förlorat körkort
New Drivers License – Application For a New Drivers License
If you are an adult first-time driver in New York, this page will assist you through the actions to acquire your license.
Teenager drivers must follow a number of limitations and must have supervision when practicing driving.
<
mua đất hà quang 2
The idea of massive technology companies — with mounds of data and deep pockets — bidding against ordinary people in an already absurd housing market sounds like the stuff of nightmares. That’s exactly what Zillow was up to in a business called “iBuy,” which used algorithms to identify attractive houses, buy them from sellers, make minor renovations and then flip them for profit. Zillow’s iBuy failure should serve a
i thought about this
Lake Taupo, found in the heart of New Zealand’s North Island, is one of the world’s premier trout fishing destinations. Known for its pristine waters and abundant trout population, the lake offers anglers an unparalleled experience. Whether you’re seasoned fisherman or a novice, Lake Taupo offers the perfect environment for trout fishing, drawing visitors from around the world.
Histor
homesite
How to Obtain A2 Driving License Online
If you want to progress from your CBT or A1 licence onto larger and more effective motorcycles, an A2 might be the licence for you. It also allows riders to take advantage of extra advantages such as bring guests and riding on the freeway.
You will require to pass modules 1 and 2 of your useful test– like if you were g
Seebio Furane-alpha
The initial handling of nautical fish on plank sportfishing vessels is crucial to retain cheekiness and ascertain an extended ledge life of the leading fresh wares . Here the effect of onboard chitosan handling of hale , gutted Atlantic cod ( Gadus morhua ) was contemplated by measuring the quality and shelf life of lumbus worked six days p
original site
Qualifications of a Mental Health Psychiatrist
A patient can seek treatment by a psychiatrist for mental health for various reasons. Treatment can consist of medication or therapy dependent on the nature and severity of the condition.
Patients seeking psychiatric care can be s
gas emergency response
As a gas engineer, you could not understand exactly how crucial a individual brand name is in setting on your own apart in a open market. It’s not practically your technological abilities; it has to do with specifying what makes you distinct and how you communicate that to clients and companies. By strategically showcasing your experience and values, you can develop <strong
hà quang 2
Balcony safety nets are a necessity for protecting kids and pets from tragic balcony or window falls. Choosing the right net type, installing it properly, and regularly inspecting it are crucial for its effectiveness.
HomeTriangle stands out as a dependable provider of safe net solutions, offering exceptional service quality and competitive pricing. Their customer reviews reflect their
http://www.79king2.world
Trong thế giới cho cá cược online, việc tìm kiếm bí quyết để thắng lớn luôn là điều mà nhiều người chơi mong muốn. Tại 79King2, một trong những nền tảng cá cược được ưa chuộng nhất hiện tại, người dùng không chỉ tìm thấy những trò chơi hấp dẫn mà những có cơ hội gia tăng tỷ lệ chiến thắng nhờ vào những chiến lược khéo léo sau đó th
click the next web page
How to Make a New Drivers License
If you want to drive in New York, the first step is getting your learner’s license. Study tappat bort körkort and take a written test.
You can also finish a 5-hour pre-licensing course and receive a certificate to waive your understanding test. You’ll th
DEHYDROMUCIC ACID
Over 90 % H ( 2 ) PO ( 4 ) ( – ) could be adsorbed at contact time of 3 h. It could keep high adsorption capacity in the pH reach from 2 to 7 , which had a wider pH image of lotion likened with pure MIL-88 . Only NO ( 3 ) ( – ) and SO ( 4 ) ( 2- ) limited the adsorption with the reduction rate of 11 % and 23 % , eviden
tappat bort körkort
How to Change a Lost Drivers License
If you lost your drivers license while traveling it is essential to know the best way to get a replacement. First, you need to start a proof by filing a police report.
This will help prevent identity theft. Taking the ideal actions can likewise save yo
More Help
Lake Taupo, the largest lake in New Zealand, is recognized for its stunning scenery and diverse fishing opportunities. Nestled down the middle of the North Island, this pristine lake offers anglers to be able to catch a number of the finest trout in the nation. Whether you’re a seasoned fisherman or even a novice seeking to cast your first line, Lake Taupo is the be
zbet
Nhà cái Zbet là nhà cái uy tín được đông đảo người chơi tin tưởng và lựa chọn. Với các chương trình khuyến mãi hấp dẫn, Zbet là điểm đến lý tưởng cho những người đam mê cá cược trực tuyến.
## Tại Sao Chọn Zbet?
Zbet được đồng hành cùng hàng triệu game thủ bởi những ưu điểm vượt trội:
1. **Danh mục game bài và cá cược phong phú**: Phù hợp với mọi sở thích của
The department store industry has undergone significant transformation in recent years, navigating challenges such as e-commerce competition, changing consumer preferences, and economic fluctuations. Traditional department stores, once central to retail, now compete with online platforms and specialty retailers offering convenience and niche products.
abogado baltimore flsa
kđt hà quang 2
Balcony safety nets are a necessity for protecting kids and pets from tragic balcony or window falls. Choosing the right net type, installing it properly, and regularly inspecting it are crucial for its effectiveness.
HomeTriangle stands out as a dependable provider of safe net solutions, offering exceptional service quality and competitive pricing. Their customer reviews reflect t
mental health check
Mental Health Testing
Mental disorders are one of the most debilitating health conditions in the world. They have a negative effect on the lives of people and society at large.
There are a variety of tools that can be used to identify symptoms and assess the likelihood of
what do you think
How to Buy A2 Driving License Online
A2 is a subcategory of the full motorcycle licence and allows riders to ride bikes with a power output of 35kW. The bike must also have a power/weight ratio of not more than 0.2 kW/kg.
To obtain an A2, you must complete a CBT, pass a motor
https://prefabsprout.net/
Recommended Duplicate Bags Sellers List
In this Damier print, which has been round because the ’80s, “typically it has like a green undertone. Maybe somebody would have a look at and suppose it’s faux, however it’s not — it’s older. It’s just different.” The inside label—notice how the highest of the text isn’t parallel to the stitching on the right? It slopes down simply ever so slightly,
simply click the up coming internet site
How to Get a New Drivers License
If you wish to look for a new drivers license, you will need certain documents. You will likewise need to take a roadway test. In some cases, you will need to finish a driver’s education course.
Those who get a new permit,
79king
Cá cược online đang trở thành một trong những hình thức giải trí phổ biến nhất hiện nay, đặc biệt tại những trang web theo 79King2. Nơi đây không chỉ thu hút người chơi nhờ vào giao diện thân thiện và đa dạng các trò chơi, mà còn vì những cơ hội thắng lợi lớn mà nó mang lại. Nếu bạn đang tìm kiếm bí quyết để có thể thắng lớn khi tham gia cá cược tại 79King, bài viết này sẽ chỉ cho bạn những chiến lược hiệu quả nhất.
<
mental assessment
Finding a Mental Health Counselor Near Me
Whether you are experiencing relationship issues or seeking help with a mental health condition Finding the most suitable therapist can make the difference. You can ask your family and acquaintances for recommendations or use online tools that focus on insurance coverage, licensing, specialization, and other aspects.
mua nhà hà quang 2
Real estate is a vast industry with properties available to fit the unique budgets and needs of every homebuyer. The distinction between regular real estate and luxury properties may seem arbitrary, with the term “luxury” often merely used as marketing speak to add a veneer of quality. But there are hà quang 1 that assert that there is a tangible difference between real estate classified as luxury and those that sim
bandar toto macau
Nowadays, there are several websites that host poker rooms for many people to play poker online. If you’re new to playing poker with faceless opponents, this article is written for you personally personally. Although casino poker is more exciting and real, poker also has its good points. Ok, i’ll share with you the differences between online and live poker and hope that you can consider both types of game.
<
mental health assessment near me
Mental Health Practitioners
Mental health is a state of well-being in the emotional realm and an ability to handle life’s challenges. It also includes the capacity to maintain and build relationships.
Mental illness is treated by medication and talk therapy. These treatments can help you manage symptoms and lead a normal lifestyle.
förlorat körkort
How to Order a New Drivers License
Obtaining your driver’s license includes many actions, consisting of conference eligibility criteria, studying driving laws and practicing under guidance. It also requires passing both a written and roadway test.
If yo
I am grateful for the opportunity to engage with your ideas and perspectives.ติดต่อสอบถาม
a2 führerschein online shop
Get a 2 Driver’s License Online
You must get a driver’s license if you wish to drive a motor automobile. The process includes gathering a number of files, including evidence of identity, age, and residency. You need to likewise sign a declaration of parental/guardian responsibility and supply
vibrating adult toys
Toys For Men Adult
Toys for men adult allow adults to play and explore their sensuous interests in a safe method. While everybody’s desires and needs will be various, it is essential to constantly focus on security and interact honestly with your partner.
Male sex toys can use a variety of sensations and enhanc
Why You Should Forget About Making Improvements To Your Buy Axel Terrier Puppies Damian der
Welpe – Micki,
mental assessment
Mental Health Assessment
A mental health assessment consists of an array of questions and tests. Your doctor will inquire about your family history, medications and medical history and symptoms. They will also conduct an examination of the body and may request tests in the lab, such as blood work, thy
https://leedsgasengineers.co.uk
When confronted with a possible gas leakage, it’s essential you stay calm and recognize the indication, like a sulfur-like smell or uncommon hissing sounds. As soon as you believe a leak, immediately stop any kind of ignition resources and leave the location, prioritizing safety and security. Contact emergency services immediately, however keep in
Why Nobody Cares About Replacement Hyundai Key Fob what is hyundai digital
key [https://willysforsale.Com/Author/harborcook6]
https://worksopgasengineers.co.uk
If you’ve noticed your boiler making strange sounds or noticed unexpected leaks, you might be facing underlying issues that demand attention. Along with unequal heating and rising energy costs, these signs could be red flags for potential repairs. However, there’s one vital indicator often overlooked that could indicate a looming issue. Stay tuned to discover this important fi
additional reading
Mental Health Check Up
Screenings for mental health help differentiate between common concerns and those that are clinical. They can also help patients recognize early symptoms of anxiety or depression so that treatment can begin before the issue becomes serious.
Set realistic goals for your v
führerschein a2 online erwerben
Obtain A2 Motorcycle Driving License Online
Getting an A2 licence is an excellent step up from your CBT course. It will let you ride more effective bikes and bring passengers. You will also be able to remove your L-plates and trip on the motorway.
a2 führerschein online shop
How to Make An Application For A2 Driving License Online
If you wish to advance from your CBT or A1 licence onto bigger and more powerful motorbikes, an A2 might be the licence for you. It likewise makes it possible for riders to make the most of additional advantages such as bring passengers and riding on the f
adult toy shop uk
Toys For Men Adult
Toys for men adult allow adults to play and explore their sensuous interests in a safe method. While everybody’s desires and requirements will be different, it is crucial to always focus on security and communicate freely with your partner.
adult toy shop uk can offer a variety of feelings and enhance both masturbation and partnered sex. Ex
The 10 Most Scariest Things About Driving Lessons Edinburgh Driving Lessons Edinburgh
homesite
How to Order A2 Driving License Online
Making an application for a brand-new driving license is much easier than ever. This online system enables you to begin the application procedure in minutes and provides hassle-free access to scanned images of needed documentation.
You can likewise order an eleva