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.
stemcells signals inhibitor
RECENT FINDINGS The topic of globally drop in sperm parameters is controversial; however, recent top-notch research reports have demonstrated that there surely is indeed a decline in semen variables. Several retrospective and basic technology studies have shown possible backlinks with this decrease in semen parameters such as ob
ansöka nytt körkort
Lost Drivers License – How to Get a Replacement
If your driver’s license goes missing it’s crucial to file an authorities report. This will produce a paper path and possibly prevent criminals from utilizing your name to dedicate crimes in your name.
You can make an application for a repl
motorradführerschein a2 online shop
Order A2 Motorcycle Driving License Online
If you are believing of getting an A2 licence, you will require to complete a variety of steps. These consist of taking the module 1 and module 2 motorcycle dry runs and riding a bike that has a power output of 35 kW or 47 bhp.
It can take some time to acquire an A2 licence, so be
adult toys women
Adult Toys For Women
Sex toys are an enjoyable, effective way to find brand-new pleasures and orgasms. They can also improve sex and foreplay and increase psychological health.
However, many people feel frightened by the huge array of sex toy alternatives and internalize societal judgments. Understanding the intricacies of adult toys can help ease the
Suggested Reading
Replace Your Drivers License If It Is Lost, Stolen, Destroyed Or Damaged
If you lose your license it is essential to take the correct steps to change it. This will avoid wrongdoers from utilizing your license to steal your identity or devote criminal activities.
Always promptly changing your qual
führerschein a2 online shop
Buy a2 Motorcycle License Online
The A2 licence enables riders to advance from their CBT or A1 licence onto bigger, more powerful bikes. Some producers, such as Harley-Davidson’s new Nightster bike, have actually crafted their bikes particularly to be A2 compliant.
Others have actually made their
assessment of mental health
Mental Health Practitioners
Mental health refers to the state of emotional well being and the capacity to deal with the challenges of life. mental illness assessment includes the ability to maintain and build relationships.
The use of medication and talk therapy is frequently used to treat mental illnesses. These treatments can help people manage their
https://strange-stender-3.blogbright.net/greatest-guide-to-equipment-embroidery-sewing-methods-and-tips-for-2025
No. 01: Intro to Industrial Adornments Machines
No. one. 1: Meaning of Business Embroidery Machine
A great industrial embroidery machines will be a high-capacity, major duty machine part
motorradführerschein a2 online shop
Buy A2 Driver’s License Online
The A2 driving licence is the second level of motorcycle driving licence. a2 führerschein online beantragen enables you to drive motorbikes approximately 35 kW. This classification is accessed directly after the A1 driving licence, without needing to pass theory and practice tests. Find out more.
<br
valendy24.cz
Válendy jsou v posledních letech stále populárnější volbou pro ty, kteří hledají stylové a pohodlné řešení pro své bydlení. valendy24.cz multifunkční kusy nábytku kombinují praktičnost s estetikou a stávají se tak skvělým doplňkem do každého interiéru. Ať už je umístíte do obývacího pokoje, ložnice nebo dětského pokoje, válendy nabízejí nejen úložný prostor, ale také místo k relaxaci.
Cílem tohoto člán
a2 motorradführerschein online bestellen
Buy A2 Driver’s License Online
The A2 driving licence is the 2nd level of motorcycle driving licence. It enables you to drive motorcycles approximately 35 kW. This classification is accessed straight after the A1 driving licence, without needing to pass theory and practice tests. Discover more.
Are you wanting to buy a
https://output.jsbin.com/zawovubiki/
El vestido verde esmeralda es una prenda que evoca sofisticación y un toque de glamour en cualquier armario. Su intenso color no solo resalta la belleza de quien lo lleva, sino que también es una opción versátil que se puede adaptar a diversas ocasiones, desde una cena elegante hasta una celebración más casual. La gran ventaja de este vestido radica en su capacidad para combinarse con diferentes accesorio
https://innovatureinc.com/outsourcing-or-subcontracting/
In today’s energetic business environment, companies often rely upon external partners to be able to carry out several functions and jobs. Two common techniques for leveraging external competence are outsourcing and even subcontracting. While they will share similarities, understanding the key differences together is essential for businesses looking to optimize operati
assessing mental health
Finding a Private Mental Health Clinic
Mental health clinicians are professionals in the health care field who diagnose and treat mental disorders. They can employ a variety of therapeutic techniques according to the treatment environment. They may also be referred to as therapists or counselors.
Psychiatric Hospitals a
Metal Buildings For Sale ST Petersburg FL
When it comes to constructing metal buildings, choosing the right foundation is one of the most critical decisions you’ll make. The foundation not only supports the structure but also affects its longevity, stability, and overall performance. In sunny St Petersburg, FL, where the climate can fluctuate and conditions may vary, understanding your foundation
cakhia tv
But then what? You have to start marketing the products and getting people to your website! A lot of people are turned off when they discover that this is a demanding process that requires a substantial amount of hard work, time, AND money!
Cakhia TV You may also need to be a little bit patient as you head off into the brave new worl
parp1 inhibitor
A location interesting in committing suicide scientific studies are the dorsolateral prefrontal cortex (DLPFC). We aimed to recognize altered proteins and possible biological pathways within the DLPFC of individuals who died by suicide using size spectrometry-based untargeted proteomics. Postmortem DLPFC from age-matched male suicide feeling disorder instances (letter = 5) and non-su
click the next page
Toys For Men Adult
Toys for men adult enable adults to play and explore their sensuous interests in a safe way. While and requirements will be different, it is necessary to always prioritize security and communicate openly with your partner.
Male sex toys can provide a range of feelings
adult mens toy
An Adult Mens Toy For Every Single Celebration
In the sex toy world, there’s been a preconception around men using toys. But it appears that’s changing.
Whether you’re single, in a long-distance relationship or just seeking to spice things up in the bedroom, these male toys deserve attempting. Simply be sure to use a lot of lube.
Pocket Pussies
The search for astonishing and memorable experiences through genuine and reliable escort services ends with the Bangalore Escorts. All call girls are professional escorts, dedicating their time and effort to making clients satisfied.
sunwin
bài luôn là sự lựa chọn của nhiều người khi muốn giải trí. Với sự phát triển của internet, trò chơi bài trực tuyến đã trở thành trải nghiệm thú vị của các game thủ. Không chỉ đơn giản là trò chơi, game bài còn mang đến cho người chơi tư duy và thư giãn cực kỳ hiệu quả.
Các tựa game bài như tiến lên luôn là những trò chơi phổ biến trong cộng đồng. Với quy tắc chơi đơn giản, các trò chơi này không
Best Brisbane Nightclubs, Pubs, And Bars HiOP
ansöka nytt körkort
How to Make New Ones When You Lose Your Drivers License
Losing your drivers license can be a discouraging experience specifically when it’s required to get to work or school. First you should attempt to remember where it may have gone and after that thoroughly retrace your actions.
<b
My developer is trying to persuade me to move to
.net from PHP. I have always disliked the idea because of the costs.
But he’s tryiong none the less. I’ve been using WordPress on numerous websites for about a year and am concerned about
switching to another platform. I have heard great things about blogengine.net.
Is there a way I can transfer all my wordpress posts into it?
Any help would be greatly appreciated!
My website … bisma777
phenylpiracetam kopen
MDPHP, or methylenedioxy-α-pyrrolidinohexanophenone, is a chemical compound classified as a psychostimulant and belongs to the pyrovalerone family. Its structure closely resembles that of methylenedioxypyrovalerone (MDPV), a well-known stimulant of the central nervous system. The primary structural difference between MDPHP and MDPV is the addition of a methyl group to the alkyl chain, which slightly alters its p
sunwin
sunwin trò chơi bài luôn là sự lựa chọn của nhiều người khi muốn giải trí. Với sự phát triển của internet, game bài online đã trở thành một phần không thể thiếu của các game thủ. Không chỉ là một trò chơi, game bài còn rèn luyện cho người chơi phản xạ và xả stress cực kỳ hiệu quả.
Các trò chơi bài như phỏm luôn là trò chơi được yêu thích trong cộng đồng. Với cách chơi dễ hiểu, các trò c
https://innovatureinc.com/outsourcing-or-subcontracting/
In today’s competitive and fast-paced business environment, firms constantly seek ways to optimize operations, keep costs down, and access specialized expertise. Two popular strategies for attaining these goals are outsourcing and subcontracting. While both entail engaging external celebrations to execute specific tasks or functions, they will differ significantly thro
a2 motorradführerschein online bestellen
How to Apply For a Motorcycle License Online
The A2 licence is the very first step towards a full motorcycle licence. It needs a Compulsory Basic Training (CBT) course and two-part dry run– Module 1 and Module 2.
This allows you to drive bikes with a limi
神岡 汽車 旅館
In today’s digital age, having a strong online occurrence is crucial for any business or personal brand. Using over 3. your five billion searches carried out on Google each day, the competition intended for visibility is fierce. You will need to understand just how search engine optimisation, or SEO, works to keep your information reaches the people in your target market. With the right methods in position, you can easily unlock Googl
sunwin
Game bài luôn là món ăn tinh thần của nhiều người khi muốn xả stress. Với sự phát triển của công nghệ, chơi bài trực tuyến đã trở thành một phần không thể thiếu của các game thủ. Không chỉ là một trò chơi, game bài còn rèn luyện cho người chơi tư duy và thư giãn cực kỳ hiệu quả.
Các trò chơi bài như phỏm luôn là game bài thịnh hành trong cộng đồng. Với quy tắc chơi đơn giản, các trò ch
Slot Machines Vs Roulette 에볼루션 베팅취소
adult women toys
Womens Adult Toys Boost Sexual Pleasure
Womens adult toys, like toys, pleasure toys– whatever you call them, they are an excellent method to improve sexual pleasure. You can discover a broad variety of them online through Lauvette, an online sex toy shop.
<br
sunwin
Game bài luôn là lựa chọn yêu thích của nhiều người khi muốn thư giãn. Với sự phát triển của internet, trò chơi bài trực tuyến đã trở thành một phần không thể thiếu của các game thủ. Không chỉ là trò chơi, game bài còn mang đến cho người chơi chiến lược và giải trí cực kỳ hiệu quả.
Các game bài như phỏm luôn là những trò chơi phổ biến trong cộng đồng. Với cách chơi dễ hiểu, các trò chơi
online führerschein a2 bestellen
Buy A2 Driving License Online
The A2 driving licence is the middle of the 3 motorcycle license classifications. It permits you to ride a motorcycle as much as 35 kW. This license was produced to allow youths to begin riding and slowly increase their performance over time.
A2 holders can upda
vtl flights to india from singapore
Throughout today’s digital surroundings, mastering SEO marketing is now essential with regard to businesses aiming to improve their online visibility. As of 2023, studies show that more than 93% of on-line experiences begin along with a search powerplant, cementing the thought that strong SEARCH ENGINE OPTIMIZATION strategies can drastically
sunwin
Trò chơi bài luôn là sự lựa chọn của nhiều người khi muốn thư giãn. Với sự phát triển của internet, chơi bài trực tuyến đã trở thành một phần không thể thiếu của các người chơi. Không chỉ là một trò chơi, game bài còn rèn luyện cho người chơi phản xạ và giải trí cực kỳ hiệu quả.
Các tựa game bài như bài cào luôn là những trò chơi phổ biến trong cộng đồng. Với cách chơi dễ hiểu, các trò
https://innovatureinc.com/outsourcing-or-subcontracting/
Outsourcing offers become a basic piece of modern business practices, allowing companies to focus on their core competencies when delegating non-core functions to external suppliers. Whether it’s regarding cost savings, access to specialized competence, or scalability, outsourced workers offers several advantages. However, it also gifts certain challenges that will org
stat signals
In addition, SS-OCT angiography images and retinal width maps were compared to explore the distribution of retinal thickness modifications and spatial relationships to regions of retinal perfusion. RESULTS The inner retinal width in NPA ended up being substantially thinner than the inner retinal thicknesses in SC, PA-DR and PA-NDR (all P less then 0.001), as well as the inner retinal d
betala för nytt körkort
Lost Drivers License – How to Get a Replacement
If your driver’s license goes missing it’s important to submit an authorities report. This will produce a paper path and potentially prevent bad guys from utilizing your name to dedicate crimes in your name.
You can apply
assessing mental health
Mental Health Specialist Near Me
If you’re experiencing mental health episodes It’s crucial to seek assistance. These episodes can disrupt your life and make you be anxious. There are a variety of options for treatment.
A therapist can help you in expressing your feelings. They may
Best Metal Buildings ST Petersburg FL
When it comes to constructing a metal structure, the foundation you choose is just as crucial as the materials and design of the building itself. The right foundation provides stability, durability, and protection against environmental factors, ensuring that your metal building stands strong for years to come. In bustling areas like St Petersburg, Florida, whe
motorradführerschein a2 online erwerben
How to Order A2 Driving License Class A2 Digital
Getting your license is more than simply a matter of legal compliance. The best license class can open doors to professional driving opportunities in New York. As a New York driving instructor, I’ve helped many individuals get their licenses.
If you are exchanging a UK or Northern Ir
sunwin
Trò chơi bài luôn là lựa chọn yêu thích của nhiều người khi muốn giải trí. Với sự phát triển của công nghệ, game bài online đã trở thành trải nghiệm thú vị của các người chơi. Không chỉ đơn giản là trò chơi, game bài còn giúp người chơi phản xạ và thư giãn cực kỳ hiệu quả.
Các tựa game bài như mậu binh luôn là game bài thịnh hành trong cộng đồng. Với quy tắc chơi đơn giản, các trò chơi
https://yorkgasengineers.co.uk
When you’re seeking to maximize gas systems for peak performance, it’s important to comprehend the numerous components and how they interact. You may think normal upkeep suffices, yet integrating smart controls and energy-efficient tools can significantly raise your system’s efficiency. By keeping track of and examining your gas usage, you can identi
adult mens toy
Adult Toys For Men That Surpass Vibrating
From motorized cock rings to Fleshlights, men’s sex toys come in all shapes and sizes. However some go beyond vibrating toy fundamentals with additional functions like stroking, suction, and even climax activation.
For optimal pleasure, apply a water-based lubricant before utilizing sex toys for men. Remember to tidy and sani
Poker Win – The Often Most Successful Way To Earn Money
By Playing Poker Online 에볼루션 바카라 무료
cakhia tv
Of course, this is only scatching the surface. This entire article is an over-simplification of a very complex subject. You will definitely need professional advice to help you through E-Commerce Taxland.
Change your profile picture and greeting occasionally, add photos to your photo album, and login regularly-
linked resource site
Lost Drivers License – How to Get a Replacement
If your driver’s license goes missing it’s important to file a police report. This will create a proof and potentially avoid bad guys from utilizing your name to commit criminal activities in your name.
You can look for a replaceme
a2 motorradführerschein online bestellen
How to Order A2 Driving Licence Online
A driving licence is a main file that allows you to drive vehicles on public roads. It shows your driving capability, and it contains details about your case history. Some nations also show organ contribution options on the driving licence.
The present style is a laminated card that holds fundamenta
https://glazier-southcroydon.co.uk
Securing Your Home: The Importance of Polishing for Safety and Safety and security
At Shielding Your Home, we understand the relevance of a risk-free and protected home. As a leading carrier of polishing services, we are dedicated to making sure the highest degree of protection and safety for our clients. When it comes to safeguarding your home, among the most essential facets to consider is t