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What were the impacts of department stores
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1.0 - Introduction Over the years, the American department store has developed and evolved as not only a commercial business but also a cultural institution. While it has weathered many storms and changes since its inception and throughout history, its most predominant enemy has been a change in the lifestyle of the American people (Whitaker, 2013). As the customer’s needs and wants have shifted, department stores have struggled to keep up with demands. It has been argued that the decline of the department store has been ongoing for the last 50 years (Whitaker, 2013). This dissertation aims to understand how the department store has historically played a role in consumer culture and spending, and additionally, how this has evolved and changed in today’s retail market. Although department stores may not be able to take all the credit for inventing modern shopping, they certainly made its conventions and conveniences commonplace. They set a new standard for the way the consumer should expect to be treated, the type of services that should be provided, and the convenience that should attend the process of acquiring the necessities and niceties of life all in one place. They made shopping into a leisure pastime. This environment meant shopping was a means of freedom to look around, pick up objects with no obligations to buy. As one historian remarked, department stores: “encouraged a perception of the building as a public place, where consumption itself was almost incidental to the delights of a sheltered promenade in a densely crowded, middle-class urban space” (Whitaker, 2006). Although this perception and view of the department store has changed over the years, this paper aims to follow the trail of how and why that happened. ... ... middle of paper ... ...er that same period. This may indicate that consumers are going online to make the purchases they once made at department stores. And those trends have been going on for more than a year. Whatever role nonstore retailers are playing in the decline of department store sales, looking at the two together shows just how dramatic the downward trend in department store sales is compared to a segment with which those stores often compete. The idea that department stores might be losing out to retailers like Amazon is not a new one. However, the extent to which one affects the other is not entirely clear. More specialized, non-department stores may also play a role in pulling department store sales downward. Clothing store sales, for example, grew slightly, by 1.2 percent, from January 2013 to January 2014 while department store sales declined. (Census Bureau, 2014)
Nordstrom retail stores have large hallways, and everything is presented in a very classy manner. The color scheme includes pale yellows, whites, and gold, to provide a more elegant appearance in the store in order to make the shopped feel special. The design is also seen through product organization. Compared to stores like Macy’s, which organize their products based on brand, Nordstrom organizes their products based on lifestyle. Because of this, it is easier for shoppers to find clothes similar to their style as opposed to by brand. In effect, shoppers will purchase more products. This also is a type of experiential retailing, where Nordstrom customers are able to experience the elements of their lifestyle within one section. More so, the product presentation will draw people’s eyes to products, even if they are not looking for it. This gives Nordstrom a competitive advantage in relation to other similar retail stores because it makes their store look more glamorous and high-end. While other stores may focus on value, Nordstrom utilizes the retail positioning strategy to make a customer feel more high-end and
Shopping is an important part of American culture. Anne Norton outlines this in her essay “Signs of Shopping.” In a country in which people seek to be as unique as possible, Norton points out that people shop to find identities; she explains this by stating certain clothes carry an identity, women tend to be a bigger part of the American shopping culture, and that shopping from home still has the same effects as shopping at the mall.
In recent past across the United Kingdom, many prominent retail chains have closed down their business operations at a high rate of more than 30 stores per day, as the economic depression continued. The United Kingdom’s high street went suffering from the declining consumer confidence and spending as a consequence. Some retail outlets have been put under receivership as well as under administration. High-profiled administrations included retail giants such as Woolworths, Comet and Blockbuster.
Norton, Anne. "The Signs of Shopping." The Signs of ShoppinG in the U.S.A. Sixth ed. Boston: Bedford/St. Martins, 2009. 101-06. Print.
But it has show that sales decline due to people, us, would rather spend time with our families then trying to get a good bargain. Also online shopping has also made it easier then to bet the crowd and waste precious family time and employees not showing up to work cause they would rather be at home with family. I also do Black Friday shopping and recently since they have change their sales to Thanksgiving Day, it has discourage me to even want to go out and do any shopping due to my family is more important and our time with our family is way more valuable then saving money on
Macys has become one of the greatest retail stores in the United States. Since they first opened their doors to customers in 1858 Macy’s stores have always been grand and innovative. They have changed their stores quite remarkably since it’s beginning. Macy’s elegant charm has brought in customers and help turn this retail store into a huge company. Currently Macys has 850 department stores in 45 states. Most Macy’s stores are quite grand and have two to three levels in which they market to youth, women, men. Macys selling strategy also has grown to have great experience in pulling in customers. From sales to advertising Macys is a big fashion competitor.
Managers in the more profitable regions were achieving/surpassing their sales goals, while managers in the less active regions were unable to achieve their sales goals. These underperforming managers were penalized by a system that they neither fostered nor developed. In all likelihood, the underperforming managers were disincentivized by unrealistic budgetary goals for their region, needing further assurances from corporate that their vision could be achieved. All retail stores suffered from a lack of product, destroying the potential sales that they could have gained. The stores in less popular/populated regions may have garnered a reputation for being unreliable and continually out of stock.
This article’s main argument is that developers manufacture an illusion of doing more than just shopping when designing malls and shopping centers. The developers and designers disguise the building’s identity while mediating the materialist relations of mass consumption. Goss focuses on five areas in his article. This first area is looking at the mall in a cultural context and the connection between ...
Some of these locations are modestly profitable but Macy's will be able to capture some of the sales from stores it closes at nearby locations and through its e-commerce site. It also plans to cut corporate overhead costs. As a result, Macy's should be able to rebuild its pre-tax profit margin. Two years ago, Macy's pre-tax margin was roughly 9% and it seems to be improving its pre-tax profit margin
Second, some retailers are affected by economic factors more than other retailers. Being able to build big-box stores with a deep assortment of merchandise as well as knowledgeable employees is a luxury that only some firms can afford. Consequently, these more su...
This month, Americans will spend nearly $800 per person on holiday sales. Every major retailer will have massive deals on clothing, electronics, and furniture, among other products. Many companies will be giving more than 50% off on some items. The biggest shopping day of the year is Black Friday, where some $50 billion is spent over the four-day weekend. However, many economists are saying that the shopping season, and Black Friday in particular, is losing its luster. This past year, the day after Thanksgiving sales dropped by 11%, which begs the question: Is Black Friday over?
Departments stores introduced the customs of shopping as we know them today. Before the advent of giant emporiums like Macy's and Saks, people made their purchases in specialty and dry goods houses, usually located in a nearby part of town. Store owners in small or rural areas, expecting a slow turnover of merchandise, sold their goods at a high mark-up, but allowed thrifty customers to bargain for lower prices or barter with cash crops. Window-shopping had yet to be born; those who entered the store were obligated to buy something, and customers could not return the goods they had purchased (Hall, "Pre-Department Stores"). As a result, people only went shopping for what they needed, when they needed it.
For this assignment I will be focusing on the following trends and how it directly relates to the retail industry. The first trend that I will be focusing on will be technology and how it plays an important role in retail. The next trend will be healthy eating which will help identify how and why many retailers are making great strides to dominate this trend. The last trend will be customer service, which is key to making a lasting impression.
The holiday season is a critical time for retailers. On average, approximately 30 percent of all sales have traditionally occurred between the Friday after Thanksgiving and Christmas, with jewelers and certain other retailers reporting that the holiday season accounted for 40 percent or more of their total annual sales. In recent years, an increasing number of shoppers have been turning to e-commerce sites instead of brick-and-mortar stores for their holiday shopping. For 2016, e-commerce sales are expected to increase by almost 14 percent although total retail sales are expected to increase by only 3 percent. If the predictions prove true, 2016 could be the first holiday season in which e-commerce 's share of holiday sales exceeds 10 percent.
Supporting these redevelopments is the intense shopping trend that has affected most parts of the world. Shopping is both the common denominator and the public face of these globalization projects: everyone can “buy into” the symbolic economy, pursuing their private dreams in public spaces. These new, mixed-use shopping developments are consumption spaces where urban residents can act as modern – or global – consumers and display their savvy and wealth.