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.
linked web-site
Mental Health Tests
Mental disorders can affect anyone at any age. They can also lead to physical illnesses. Screening tests aid doctors in diagnosing disorders such as depression or anxiety.
Self-tests can be used to detect psychological disorders. These could include questionnaires
Bioavailability
Effect of cellulose nanocrystals on chitosan/PVA/nano β-TCP composite scaffold for bone tissue engineering application.The need for an ideal tissue construct has lead to the hunting of a myriad of polymer composites with worthy props . , locating and type of tissue to be reclaimed determines the type of material to be used . A bone conception has its own prerequis
https://www.goodniteoutlet.com.my/
Wardrobes are now a vital part of furniture in Malaysian houses, effortlessly blending practicality with style. Whether used for storing clothes, accessories, or even household goods they are essential for organizing and beautifying living spaces. In Malaysia, where home interiors can be as diverse as their culture, wardrobes come in various types and styles to appeal to different tastes and preferences. They’re
click this link here no
In an electronic age in which everything is just a click away from, it should come while no surprise of which guns can in addition be purchased on-line, and one of the very most secretive and hard-to-find places to do so is the Ghost Gun Shop. But you may be wondering what exactly is a cat gun, and why are more and additional people turning in order to this underground market for their firearm needs?
cosplaymagic.de
Die Innenarchitektur ist mehr als nur die Gestaltung von Räumen. Sie ist eine Kunstform, die darauf abzielt, ein inspirierendes und funktionales Zuhause zu schaffen, in dem wir uns wohlfühlen und unsere Persönlichkeit zum Ausdruck bringen können. In einer Welt, die oft hektisch und unübersichtlich erscheint, bietet die Innenarchitektur die Möglichkeit, Zufluchtsorte zu schaffen, die sowohl Schönheit als auch Komfort vereinen.
<b
click the next web page
What Is a B1 Drivers License?
B1 visa holders can get a driver’s license in some states. It depends upon the state’s guidelines.
The trucking market has been dealing with a driver scarcity. Some business have turned to working with drivers on B-1 visas to fill the gap. This has led to heightened analysis at the
a2 führerschein online erwerben
Getting an A2 Driver’s License Online Shop
Getting an A2 licence opens the opportunity to ride bigger and more powerful bikes, and it uses riders some additional perks such as riding on the motorway and eliminating L-plates. It likewise implies you can drive delighted Harley-Davidson motorcycle models.
<b
OXPHOS signaling
Three CNFs of 2-10 wtpercent were combined with PVA to organize biodegradable composite films. CNF allomorph had considerable effect on crystal structure, mechanical and thermal properties for the PVA composites. The utmost teenage’s modulus of CNF-I/PVA, RNF-II/PVA and MNF-II/PVA were increased by 62, 32 and 44%, correspondingly. Addition of
Elux Nic salts
In the past few years, the entire world of vaping provides seen an exploding market of innovative products that promise improved flavor, smoother encounters, and more options regarding users. One of many brands leading this cost, Elux Liquid, Elux Nic Salts, and IVG Vape have got earned significant attention for their high quality offerings that serve the diverse tastes of vapers throughout the world. In this blog site post
This information is magnificent. I understand and respect your clear-cut points. I am impressed with your writing style and how well you express your thoughts. zeus slot
linked web-site
Mental Health Clinic
Mental health clinics are a great option to reduce depression and anxiety. The lack of psychiatrists and other specialists in psychiatric medicine has made it difficult to locate treatment.
Psychotherapy is one type of talk therapy that c
ゼロ金利政策
Introduction
Whether you’re a professional or balancing personal and work life, improving your productivity can have a significant impact on your success. This article aims to explore actionable tips and strategies that help you get more done.
Step-by-Step Guide to Boost Pr
online führerschein beantragen a2
Make an application for a 2 Driver’s License Online
You must get a driver’s license if you wish to drive an automobile. The process includes gathering a number of files, consisting of evidence of identity, age, and residency. You need to also sign a declaration of parental/guardian duty and offer a ph
führerschein klasse a2 digital bestellen
Buy Class A2 Driving License Online
Whether you’re a teenager excited to drive or a skilled driver wanting to upgrade, comprehending license classes is important. These classes identify what you can and can not drive, in addition to your responsibilities.
Class A2 enables you to drive motorcycles without a sidecar with a maximum engine power o
This information is magnificent. I understand and respect your clear-cut points. I am impressed with your writing style and how well you express your thoughts. paddleboard
motorradführerschein a2 online bestellen
How to Buy A2 Driving License Online
A2 is a subcategory of the full motorcycle licence and permits 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 acquire an A2, you must finish a CBT, pass a motorbike theory
egg adult toy
What Is an Adult Toy Store?
An adult toy store is a sex shop that offers vibrators, lubes, and other toys and devices for masturbation. Numerous likewise provide clothing and underwear to boost a sexual experience and kink-related devices and novelties.
Launching a pleasure products service re
iap signal
Some reasons may be the significance of surgeons to comprehend the posterior physiology associated with groin from an innovative new vantage point, along with to acquire advanced laparoscopic abilities. Recently, nevertheless, the introduction of a robotic strategy has dramatically increased the adoption of minimally unpleasant approaches for inguinal hernia fi
best adult toys for couples
The Best Adult Toys For Couples
Intimate toys motivate experimentation and can assist preserve passion in a relationship, even when cross country. From toys developed for penetrative sex to those that target the clit and more, these pleasure-elevating buys assure hours of fun.
Lelo’s Gaia is a
不動産需要
Introduction
In today’s dynamic digital world, the significance of understanding the meaning behind the keyword cannot be overstated. This article seeks to illuminate the vital aspects of the keyword, guiding users through its relevance and uses in diverse fields.
Body Content
linked internet page
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 need to follow a number of limitations and need to have guidance when practicing driving.
Mark YES if the candidate is giving g
日本の株価
Introduction
Time is one of the most valuable commodities, and knowing how to control it effectively is crucial to success. Whether you are a student, a professional, or juggling life and work, effective time management can help you achieve your goals and reduce stress.
In this article, we’ll unpac
simply click the up coming internet site
New Drivers License – Application For a New Drivers License
If you are an adult novice driver in New York, this page will guide you through the steps to acquire your license.
Teen drivers must follow a number of limitations and should have supervision when practicing driving.
Mark YES if t
Hi there! I know this is kind of off topic but I was wondering which blog
platform are you using for this website? I’m getting tired of WordPress
because I’ve had problems with hackers and I’m looking at options for
another platform. I would be great if you could point me in the direction of a
good platform.
Also visit my page; https://ekadharma.co.id/
mua bán nhà đất nha trang
Industrial real estate includes any property used for manufacturing, storage or distribution and is a core component of the global economy. As such, it is highly resilient to economic downturns and typically offers solid rental income and capital appreciation over the long term.
In the first half of 2023, New York City saw a robust level of activity for industrial re
ban dat o nha trang
bat dong san nha trang khanh hoa specializes in building and selling commercial, industrial, and residential properties. They also have a strong focus on sustainable design and creating livable spaces. Many real estate development firms are based in major cities across the United States, but some are global. In the field of real estate development, there are several important steps to success: finding a propert
20 Trailblazers Leading The Way In Glass Doctor upvc doctor near me (Janessa)
財政赤字削減
Introduction
In an online world that thrives on content, creating SEO-optimized articles that capture interest is essential. Spin-ready content takes this process a notch higher by allowing writers to amplify versatility, helping their work adapt to various contexts. In , we explore the art of writing spin-ready content that is both effective and reade
survivin pathway
The aim of this work was to measure the inside vitro antitumoral effect of the methanolic total extract prepared from rosemary and sage on person glioblastoma cell line (42 GMBA), conjointly with their antioxidant task. Methods The accelerated solvent extractor was made use of to obtain the total herb of the studied plants. The antitumor activity was done utilising the microc
a2 führerschein online erwerben
How to Buy a2 Driver’s License Online in New York City
Getting a driver’s license
Getting a driver’s license in New York isn’t as hard as it may appear. The process includes conference eligibility criteria, studying traffic laws and practicing under gui
bat dong san nha trang moi nhat
The world of real estate is a dynamic and varied one, with many different markets and categories to explore. Commercial and residential properties represent two of the main categories investors can select from when deciding to put their money into real estate investments. While both can be lucrative investment opportunities, understanding the differences between these two distinct real estate segments is important to
ai toolbar photoshop paderno7onair.it
Se stai cercando una risorsa completa per esplorare il mondo degli AI tool, paderno7onair.it è il sito che fa per te. Questo portale offre una directory di ai tools continuamente aggiornata, permettendoti di rimanere sempre informato sui nuovissimi strumenti di intelligenza artificiale.
Grazie alla sua ai tool list, paderno7onair.it diventa un punto di riferiment
elux
In recent times, the entire world of vaping features seen an exploding market of innovative products that promise increased flavor, smoother activities, and much more options regarding users. Among the many brands leading this charge, Elux Liquid, Elux Nic Salts, plus IVG Vape possess earned significant attention for their high quality offerings that serve the diverse tastes of vapers worldwide. In this website post, you will get int
click over here
In searching for age wherever everything is only a click away, it may come while no surprise that will guns can likewise be purchased online, and one of the very secretive and hard-to-find places to carry out so will be the Ghost Gun Shop. But you may be wondering what specifically is a ghost gun, and why are more and extra people turning to this underground market for their firearm requirements?
Ghost g
wee1 signals receptor
The TiO2 doped by a sol-gel technique with titanium butoxide (TiO2-N-BUT) and titanium isopropoxide (TiO2-N-PROP) whilst the predecessor were efficient since the TiO2 (P25) impregnation with urea (TiO2-N-P25) to break down the FQs. The FQ degradation had been higher by 74, 65, and 91%, respectively for T
bất động sản nha trang
Over time, balconies can lose their structural integrity. Fittings can become loose, wood can rot and metal can rust. It is essential that all balconies are regularly inspected for safety issues.
Kids can be curious and tend to view everything as a ladder. Keep your balcony furniture away from the railings.
1. Install a Safety Net
sunwin
Sunwin là một cổng game đổi thưởng trực tuyến hàng đầu tại châu Á, được cấp phép bởi First Cagayan Leisure & Resort Corporation, mang đến môi trường cá cược an toàn, minh bạch và công bằng. Với hơn 2 triệu thành viên trên toàn cầu, Sunwin không chỉ nổi bật với hệ thống bảo mật hiện đại mà còn cung cấp ứng dụng tương thích trên iOS và Android, giúp người chơi trải nghiệm mượt mà mọi lúc, mọi nơi.
adult mental health assessment
Mental Health in the UK
The results showed that mental health issues are viewed as ‘illnesses affecting the brain and the mind’. They were seen as different from other illnesses, such as cancer.
However, Britain’s’stiff upper lip’ culture means that many still are reluctant to s
heating systems
You may not recognize how vital the connection in between gas design and policymakers is for shaping the gas sector. Designers need to align their experiment the regulative frameworks that policymakers develop, which usually deal with both security and environmental worries. Yet what happens when advancement in gas technology outpaces existing regulations? Discove
“Web cá cược bóng đá” refers to online platforms for placing bets on football matches and predicting outcomes. top 10 trang cá cược bóng đá
atp-citratelyase signals
It had been shown that the 2 chromosomes could possibly be fused by deliberate genome engineering or forced to fuse spontaneously by blocking the replication of Chr2, the additional chromosome. Recently, normal isolates of V. cholerae with chromosomal fusion are found. Right here, we summarize the relevant findings on this exception to the exclus
linked web-site
Mental Health Testing
Mental disorders are one of the most debilitating health conditions in the world. They can be a burden on people’s lives and on society in general.
There are a myriad of instruments that can be used to detect symptoms and assess a person’s risk for psychiatric problems.
private ocd assessment
Qualifications of a Mental Health Psychiatrist
A mental health psychiatrist is sought out for a variety of reasons. Depending on the nature of the condition treatment could include therapy or medication.
Patients seeking treatment for psychiatric disorders
sunwin
Sunwin là một cổng game đổi thưởng trực tuyến hàng đầu tại châu Á, được cấp phép bởi First Cagayan Leisure & Resort Corporation, mang đến môi trường cá cược an toàn, minh bạch và công bằng. Với hơn 2 triệu thành viên trên toàn cầu, Sunwin không chỉ nổi bật với hệ thống bảo mật hiện đại mà còn cung cấp ứng dụng tương thích trên iOS và Android, giúp người chơi trải nghiệm mượt mà mọi lúc, mọi nơi.
Whiskey Bar 하이오피주소
Learn Even more
Finding a Mental Health Therapist Near Me
It is crucial to take care of your mental health and your physical health. Finding the right therapist for you with whom you feel comfortable is crucial to the success of treatment.
Begin by asking your family and friends for recommendations, or using an online
Are you struggling to operate a vehicle traffic to your current website? Are your own competitors dominating the niche with their particular AdWords campaigns? Perform you want to make money using AdSense nevertheless don’t know just how to get began?
If the answer in order to any of these kinds of questions is of course, then TrafficBotPro is the solution you’ve been looking for!
TrafficBotPro is an innovative software that could help you together with all
https://gamebaii.org/
Ngành công nghiệp game bài đang ngày càng phát triển mạnh mẽ và thu hút một lượng đông đảo người chơi. Với sự kết hợp giữa yếu tố giải trí và cơ hội kiếm tiền, game bài đã trở thành một trong những lựa chọn phổ biến nhất trong thế giới sòng bạc trực tuyến. Bạn có thể dễ dàng truy cập vào trang chủ game bài từ bất kỳ đâu, chỉ cần một thiết bị kết
بلیط هواپیما چارتر
Tehran and Mashhad are two of Iran’s most prominent cities, with Tehran serving as the capital and Mashhad as the country’s spiritual hub. The journey between these cities is highly popular, attracting both business travelers and pilgrims heading to the revered Imam Reza Shrine. for Tehran to Mashhad routes are widely available and offer travelers a range of options to suit their needs and budget.
Modes of Transportati
景気刺激策
Introduction
Global warming is widely considered one of the most pressing issues affecting our environment today. With increasing temperatures and extreme weather patterns becoming more frequent, understanding this phenomenon is vital for safeguarding our environment. This article explores the value of confronting climate change, providing i