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.
check here
No Frost Fridge Freezers
Fridge freezers without frost eliminate the need to manually defrost which saves you time and effort. They also maintain optimal temperatures by evenly distributing cold air throughout the freezer and refrigerator compartments.
No Frost fridge freezers are an excellent option for modern households because they avoid tempe
jazda na motorze
Taking Required Tests to Become a Certified Auto Mechanic
The preparation for the ASE A1 Engine Repair test is as easy as studying the official study guides and practice tests. These resources will help you comprehend the topics included in this exam, including general engine diagnosis, cylinder head and valve train diagnostics, and engine block di
mental health assessment cost
What is a Private Mental Health Assessment?
A private mental health assessment could be very useful and may be covered by your insurance. Talk with your GP about obtaining an assessment.
Patients rely on staff members when they felt informed, involved in their decisions, and they we
private psychiatrist assessment near me
How to Find a Psychiatrist for ADHD Near Me
According to ADDitude’s ADHD treatment survey, 39 percent of kids and adults who seek ADHD care see counselors or other therapists. Therapists are certified psychological health specialists trained in talk therapy, consisting of psychiatric therapy and cognitive behavior modificat
selleckchem
Screening for other concomitant viral infections, particularly for cytomegalovirus, Epstein Barr virus, and BK virus is systematic. Relapses are quite frequent during the first-year post-transplantation. Clinical-biological follow-up aims to detect any recurrence of the parvovirus B19 infection, the occurrence of parvovirus B19-related glomerulopathy, and acute rejection. Parvovirus B19 infection is a new viral threat in
selleckchem
While cognitive bias in younger adults with depression has been extensively researched, there have been relatively few investigations of the presence of cognitive bias in late life depression (LLD). This exploratory study aimed to ascertain whether negative cognitive bias exists across a range of cognitive domains in participants with LLD.
Participants were 19 patients with LLD an
digital payments
Introduction
In today’s dynamic world, understanding the intricacies of keyword is more important than ever. Whether you’re a beginner looking to learn or a seasoned professional aiming to refine your skills, mastering keyword-related concepts can pave the way to success. Let’s explore and unpack what makes keyword suc
tech stocks
Introduction
In contemporary rapidly evolving work environment, enhancing performance has become a priority for both employees and businesses. Whether you’re functioning from a traditional workspace or embracing a remote work setup, maximizing productivity is essential to achieving career goals. In this article, we’ll explo
Tuvusertib
In June 2017, the Pennsylvania Department of Health (PADOH) was notified of multiple norovirus outbreaks associated with 179 ill individuals who attended separate events held at an outdoor venue and campground over a month period. Epidemiologic investigations were unable to identify a single exposure route and therefore unable to determine whether there was a persistent contamination source to target for exposure miti
BIBO 3304 mw
The recent reported Vildagliptin Efficacy in combination with metfoRmin For earlY treatment of T2DM (VERIFY) study results have provided significant new evidence confirming long-term glycaemic durability and tolerability of a specific early combination in the management of newly diagnosed, treatment-naïve patients worldwide. These results have also contributed to changes in clinical treatment guideli
Sodium hydroxide supplier
The endothelin system has an important role in bone modelling during orthodontic tooth movement (OTM); however, little is known about the involvement of endothelin B receptors (ETB) in this process. The aim of this study was to evaluate the role of ETB in bone modelling during OTM using ETB knockout rats (ETB-KO). Thirty-two male rats were divided into 4 groups (n = 8 per group) the ETB-KO applian
trafikverket malmö förnya körkort
What is Drive-Up Required?
Drive-up needed is a type of service lane where customers order and get items without leaving their automobiles. It’s most commonly found at junk food restaurants and coffeehouse.
Target Drive Up is a brand-new benefit that provides curbside pickup for grocery and some nonperishable items. It’s ea
selleck inhibitor
The 76-day lockdown of Wuhan city has successfully contained the first wave of the coronavirus disease 2019 (COVID-19) outbreak. However, to date few studies have evaluated the hospital bed shortage for COVID-19 during the lockdown and none for non-COVID-19 patients, although such data are important for better preparedness of the future outbreak.
We built a compartmental model to estimate the da
read more
The MMP-induced FNIII14 exposure was also shown to be functional in the migration and invasion of highly metastatic mouse breast cancer cell line 4T1. Overexpression and knockdown experiments of eEF1A in Mum2B cells revealed that the migration and invasion were dependent on the membrane levels of eEF1A. In vivo experiments using tumor xenograft mouse models derived from Mum2B and 4T1 cell lines showed that the anti-F
3-Aminobenzamide research buy
21 (on a 5-point Likert scale), compared to an average score of 3.25 for the baseline group (p < 0.0001, unpaired t-test). 77.6% of patients given the informational handout said their proposed treatment plan met their expectations compared to 46.3% of patients in the baseline group (χ2= 31.61, two-tailed p < 0.0001).
Patient satisfaction with propo
RO5126766 Raf inhibitor
Studies conducted in any health care facility or service offering care for physical illnesses will be considered.
MEDLINE, CINAHL, PsycINFO Scopus, will be searched along with sources of gray literature. Studies in English published from 2004 onward will be considered. Retrieval of full-text studies, assessment of methodological quality, and data extraction
eFT508
Furthermore, SAICs significantly abolish intragraft inflammatory cell infiltration and proinflammatory cytokine profiles as well as improve liver graft function. This study demonstrates the superiority of SAICs over traditional ISAs in the treatment of allograft rejection and may support the emerging application of the SAIC platform in clinical settings.One of the most promising approaches for the treatment of colorectal can
adult toy shop near me
How to Build a Successful Adult Toys Shop
A successful adult toys shop is an enjoyable, fulfilling company that can provide a high return on financial investment. Whether it’s a traditional shop or an eCommerce website, the right technique can assist you attract more customers and make more earnings.
This sex
selleck kinase inhibitor
87 times higher, and the maximum blood concentration (Cmax) was approximately 1.34 times higher than that in the control group. The mean residence time of erlotinib in the Ougan juice group was larger, and the clearance rate was smaller than those in the control group; the difference was statistically significant (P less then 0.05). Ougan juice affected the PK spectrum of erlotinib in rats by improving the
selleck chemical
71 [95% CI; 1.27 – 2.31], 1.14 [95% CI; 1.0 – 1.30] and 1.39 [95% CI; 1.23 – 1.57], respectively. Low to moderate level of between-study heterogeneity was noted. The association between pre-pregnancy BMI and perinatal anxiety symptoms remain uncertain.
Pre-pregnancy obesity was associated with an increased risk of maternal depressive symptoms both in pre
situs piontogel
Permainan togel (Toto Gelap) telah lama menjadi favorit banyak orang, baik sebagai hiburan maupun sebagai cara untuk meraih hadiah besar. Meskipun togel pada dasarnya adalah permainan yang bergantung pada keberuntungan, beberapa pemain berusaha menggunakan rumus atau strategi untuk meningkatkan peluang kemenangan mereka. Dalam artikel ini, kami akan membahas cara membuat rumus jitu toge
selleck inhibitor
3% (P < .001) increase in the number of screenings. However, after age 65, the number of screening examinations decreased by-6.9% per additional year of age above 65 compared with the trend between ages 52 and 64 (P < .001). The modal age group for CTC use was 65 to 69 years in white and 55 to 59 in black individuals.
After age 65, the number of screening CTC examinati
Selleckchem Estrone
In vivo, a decreased ventricular contractile function is observed during adulthood in PNOF hearts. All these alterations ultimately lead to an increased sensitivity to cardiac pathologic challenges such as ischemia-reperfusion injury. Nevertheless, caloric restriction and physical exercise were shown to improve PNOF-induced cardiac dysfunction and metabolic abnormalities, drawing a path to the potential therapeu
Etanercept purchase
Several studies have evaluated the impact of climate change on the alluvial aquifers; however, no research has been carried out on a small-scale aquifer without any human influences and pumping wells. The object of this study is to assess the response of such an aquifer to the climate change to observe if it can preserve its storage or not. Pali aquifer, southwest Iran, is solely discharged by Taraz-Harkesh s
Nine Things That Your Parent Teach You About CSGO Case Battle csgo case battle
M4205
These results show that the Col-Gd@Tub NCs may be served as a versatile nanoscale platform for integration of biomedical imaging probe and therapeutic molecules for tumor therapy. © 2020 IOP Publishing Ltd.Semiconductor quantum dots/ graphene oxide (QDs/GO) hybrid composites, as emerging materials, have recently attracted intensive attentions in materials science and technology due to their potential applications in ele
selleck
This work serves to present both the outstanding level of control in the precise synthesis and high potential for nanocomposite thin films in photo-electrocatalytic application.Functional hybrids comprising metallic nanostructures connected and protected by nonmetallic 2D materials are envisioned as miniaturized components for applications in optics, electronics, and magnetics. A promising strategy to build such elements is the d
icFSP1
a in dogs.
To assess the effectiveness of mass treatment of Schistosoma mansoni infection in socially vulnerable endemic areas in northeastern Brazil.
An ecological study was conducted, in which 118 localities in 30 municipalities in the state of Pernambuco were screened before 2011 and in 2014 (after mass treatment). Information on the endemic baseline index, mass t
how can i get a mental health assessment
Advantages of Private Mental Health Services
Private mental health services have a number advantages over public options. They include:
Many private programs have an affordable fee scale for those who do not have insurance or who’s insurance isn’t acc
click here
31; 95% CI [-1.48, 0.85]; P=0.598), but the results showed no significant difference.
Our results showed reduced SOD levels in erythrocytes, serum and plasma in PWE, which may be an indicator of oxidative damage in epilepsy. This is the first meta-analysis of circulating GSH-Px and SOD levels in PWE and healthy controls.
Our results showed reduced SOD levels in e
Purmorphamine mw
Finally, we showed the differences in the “last mile” GHG footprint of traditional shopping in the U.K. compared to three other countries (China, Netherlands, and the United States), which are primarily caused by the different shares of modes of transport (walking and by car, bus, and bike).The development of strain sensors with high sensitivity and stretchability, which can accurately detect different human
SP-13786 chemical structure
5, but also to its focus on the most tested interventions and viable approaches directed at particulate matter air pollution. The writing group sought to provide expert consensus opinions on personal-level measures recognizing the current uncertainty and limited evidence base for many interventions. In doing so, the writing group acknowledges that its intent is to assist other agencies charged with prot
trafikverket malmö förnya körkort
The Swedish Traffic Agency’s Driving Test in Boras
The Swedish Traffic Agency (Transportstyrelsen) is accountable for a lot of guideline and guidance in the transportation sector. Its activities consist of the administration of road, rail and air transportation and safety evaluations.
We want to involve crucial operators in dialogue, mainly hauliers
see more
7 (95% CI, 0.5-1.1) and for men 2.0 (95% CI, 1.5-2.6) per 100,000 person-years. The mean incidence rate increased from 0.7 to 1.7 per 100,000 person-years from 2008 to 2019 (p
=0.01). The highest incidence rate of HTG-associated pancreatitis was observed for men in the age group 50-59 years. An elevated triglyceride level was recognized as aetiological risk factor in 35% of patients during index hospit
compound W13 chemical structure
After irradiation, 18F-DOPA TAC resembles the 18F-FET pattern. 18F-DOPA activity peak we observed at 20 min might be fictitious, because earlier time points have not been evaluated, and a higher activity peak before 20 min cannot be excluded. In addition, the activity retained in the irradiated cells remains higher in comparison to the sham ones at all time points investigated. This
Sivelestat
microRNAs (miRNAs) play essential roles in mouse embryonic stem cells (ESCs) and early embryo development. The exact mechanism by which miRNAs regulate cell fate transition during embryo development is still not clear. Recent studies have identified and captured various pluripotent stem cells (PSCs) that share similar characteristics with cells from different stages of pre- and post-implantation embryos. These
jazda na motorze
How to Pass the Motorcycle Practical Test
The motorcycle practical test is comprised of two modules. Both modules must be taken on the same machine.
Module 1 will require you to travel in traffic. You will also be asked to demonstrate a figure of eight as well as a U-turn, and general cornering.
see more
WGS-based antimicrobial susceptibility testing (AST) is as reliable as phenotypic AST for several antimicrobial/bacterial species combinations. However, routine use of WGS-based AST is hindered by the need for bioinformatics skills and knowledge of antimicrobial resistance (AMR) determinants to operate the vast majority of tools developed to date. By leveraging on ResFinder and PointFinder, two freely accessible tools that
that guy
20ft Tunnel Container
Also known as tunnel containers, these shipping containers have doors on both sides that make it easier for loading and unloading. They are great for storage of heavy vehicles and machinery.
These one-trip (new) shipping containers are well-loved for a variety of
korean drama locations
IntroductionUnderstanding a key topic is vital in the modern society. Whether you are exploring something new or polishing your current knowledge, focusing on “keyword” can improve your capabilities. In , we’ll uncover the nuances of “keyword” to ensure your growth.
Torin 1 cell line
Miniature yoked eye movements, fixational saccades, are critical to counteract visual fading. Fixational saccades are followed by a return saccades forming squarewaves. Present in healthy states, squarewaves, if too many or too big, affect visual stability. Parkinson’s disease (PD), where visual deficits are not uncommon, is associated with the squarewaves that are excessive in number or size. Our working hypothes
Kenpaullone price
Our analyses contribute to the understanding of China’s environmental governance and have policy implications for environmental problem management and China’s construction of an ecological civilization.A 200 nm plasma-enhanced chemical vapor-deposited SiC was used as a coating on dental ceramics to improve anti-bacterial properties for the applications of dental prosthesis. A thin SiO2 (20 nm) in the same syst
this website
ated disease, while promoting NPI as effective in reducing threat.
This research indicates people generally believe NPI are effective, but there was variability based on health beliefs and there are mixed rates of engagement in these behaviors. Public health efforts should focus on increasing perceived severity and threat of SARS-CoV-2-related disease, while promoting NPI as effective in reducin
debt management
Introduction
In the ever-changing landscape of content creation, interpreting keywords is a critical competence. Whether carbon trading optimizing websites, the power to accurately understand a keyword’s purpose can make or break your online success. Throughout this guide, we’ll unpack the art and science of understanding keywords eff
check details
The three-parameter Logistic model (3PLM) and the four-parameter Logistic model (4PLM) have been proposed to reduce biases in cases of response disturbances, including random guessing and carelessness. However, they could also influence the examinees who do not guess or make careless errors. This paper proposes a new approach to solve this problem, which is a robust estimation based on the 4PLM (4PLM-Robust), involv
Selleckchem HSP27 inhibitor J2
The spectral changes due to chlorination of the CuPc molecule were mainly attributed to an increase of the threshold energy of the C atoms bonded to chlorine, and the influence of the change in the PDOS by chlorination was not significantly large.An antimalarial lipopeptide, ikoamide, was isolated from an Okeania sp. marine cyanobacterium. Its gross structure was established by spectroscopi
SW033291 order
iers and confirmed some of the previously mapped modifiers. Key genes involved mainly in metabolic and immunological processes were identified. Future steps in this analysis will be to identify regulatory elements – and possible epistatic effects – located in the mapped QTL.
The presence of the human leukocyte antigen HLA-B*5701 is associated with the development of a hypersensitivity reaction to
Vorinostat cost
Medications used for ABPA include corticosteroids, amphotericin B, azole antifungals (isavuconazole, itraconazole, posaconazole, voriconazole), and a monoclonal antibody, omalizumab.Designing skin decontaminating materials with outstanding therapeutic effects, adhesiveness, and suitable mechanical property has great practical significance in radionuclide-contaminated skin wound healing. Here, a physically cr
Proteasome inhibitor
A small wild prawn of the genus Macrobrachium, found in Chiang Rai Province, Northern Thailand has some morphological features resembling four other closely related species, M. lanchesteri, M. peguense, M. kunjuramani, and M. chainatense. However, it is distinguishable from the above species in terms of distinctive golden colored antennules; number of teeth on the rostrum; number of teeth on the cutting edges of the
options trading
Introduction
In the modern dynamic world, digital marketing has become the cornerstone of brand growth. Whether you’re just starting out in this industry or looking to enhance your skills, understanding the fundamentals of online strategies is crucial. In this comprehensive article, we’ll dive into the essential components of digital