Do you think starting A Departmental Store will be profitable?

[Hate2Wait]

It's a tough question if someone asks me because these days there is a lot of competition from big shopping and retail giants so starting a departmental store will be risky as per my opinion.

 

[Sanjeev]

I think they are a profitable business. I remember my maternal uncle had a departmental store and with the earnings of it he bought two more houses and let his kids study higher and married her daughter .

 

[Hate2Wait]

I think they are a profitable business. I remember my maternal uncle had a departmental store and with the earnings of it he bought two more houses and let his kids study higher and married her daughter .

It was good but these days it'll be tough as you need to sell at competitive prices and need to provide services like free home delivery.

 

[Suba]

Department store business will be very profitable if the location is very strategic, as well as friendly service, competitive prices.

 

[Hate2Wait]

It'll be a good business but I'm pointing out the competition that it needs to face from retail business like Amazon etc

 

[Reedex]

Establishing a departmental store is capital intensive but it's a very good business that will give you good profit.

 

[Shavkat]

My younger sister used to buy and collect stationeries during her younger years. It means that there are some people who are like her. Thus, this business is a profitable one.

 

[Springtime]

Starting a Department store requires large capital investment. It's not that popular here anymore. People love to go to big shopping malls with varieties of shops, eateries and even cinemas. You can spend a day in a big mall enjoying shopping and dining or even watch a movie.

 

[Bisolami]

It's a tough question if someone asks me because these days there is a lot of competition from big shopping and retail giants so starting a departmental store will be risky as per my opinion.

Even if there are lots of competition I always believe that there is a way that you can stand and be different from every other companies or store

 

[Swazzy]

Starting a departmental store can be quite profitable, depending on what merchandise you are selling, the area you are operating in, and how well you manage the store. It is important to research your market to make sure that what you offer is appropriate for the local customers. Additionally, good inventory management and customer service are essential to running a successful departmental store.

 

[Bisolami]

Starting a departmental store can be quite profitable, depending on what merchandise you are selling, the area you are operating in, and how well you manage the store. It is important to research your market to make sure that what you offer is appropriate for the local customers. Additionally, good inventory management and customer service are essential to running a successful departmental store.

This is correct but one thing I would advise is for you to know well about what you want to sell

 

[hastral45]

If you have the means. Why are you asking g if it were profitable?. Is there any business that are not profitable?. Think before asking any questions.

 

[Starmix]

No one is prohibited to run6a department store as long as having a capital, legal papers to operate and good suppliers of the department store. It's of course profitable business.

 

[iyanpol12]

You need a huge capital for such business. Many who has started took many years before it came to fruition.

 

[Reedex]

It's a tough question if someone asks me because these days there is a lot of competition from big shopping and retail giants so starting a departmental store will be risky as per my opinion.

Starting up a departmental stores is profitable and it is not a tough question to answer.

 

[Bisolami]

Starting up a departmental stores is profitable and it is not a tough question to answer.

It is a profitable business but it depends on how much effort the person put into the business

 

[eldavis]

Its a good business and it can also be profitable, the most important thing is selling what is on demand and finding the right location to sell these things .

 

[Yohanna]

Establishing a departmental store would be profitable if you do the market research properly.

 

[Stardom22]

I too thinks that starting a departmental store can be very challenging nowadays. This is because there is a stiff competition with the the large shopping malls that sales everything under one roof

 

[Bisolami]

Its a good business and it can also be profitable, the most important thing is selling what is on demand and finding the right location to sell these things .

Exactly
You should not just sell any product because you want to sell