Do you think starting A Departmental Store will be profitable?

[uptrendfinancialsignal]

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

Starting of a departmental store is profitable if it is managed well.

 

[Hate2Wait]

I have dreamt of it many times but you do need a bigger investment to set up a departmental store and to compete with big giants you need to deliver online too

 

[Starmix]

It's a profitable business but risky. You also need a huge capital and dependable suppliers. You also need good sales workers and maintenance staff. It's not an ordinary business. You are also required to hire a security guard.

 

[Suba]

Even though it states a departmental store will be profitable, apart from having a strategic location, department store owners need to hold events such as promotions and discounts frequently to attract lots of visitors and beat business competitors.

 

[Starmix]

That's right, it's one way to boost your department store. You also need media to advertise your store. There must also be discounts, sales, freebies to attract the prospective buyers.

 

[Stardom22]

I think departmental stores no longer works efficiently nowadays. This is because of the emergency of the giants businesses that deal in selling of almost everything under one roof, the hypermarkets among others.

 

[Bisolami]

I have dreamt of it many times but you do need a bigger investment to set up a departmental store and to compete with big giants you need to deliver online too

I think this kind of thing is for people who have enough money for it and not for someone like me because I have other plans and it is not something that I really have an interest in even though it is a good thing

 

[Starmix]

I think departmental stores no longer works efficiently nowadays. This is because of the emergency of the giants businesses that deal in selling of almost everything under one roof, the hypermarkets among others.

That is possible, people this time prefer to buy the daily needs. Going to a department store may tempt them to send the money there instead of their daily needs like food and others. .

 

[cherry123]

Department store business will continue to be lucrative and profitable if the location is very strategic, So yes it is worth starting out as you would make money as always

 

[Starmix]

See to it that the people in the community are interested in going to a department store. It is best to include it in your planning and feasibility study. Your capital might be put to waste if failed to do this.

 

[Bisolami]

That is possible, people this time prefer to buy the daily needs. Going to a department store may tempt them to send the money there instead of their daily needs like food and others. .

I actually love to buy my daily needs and I always make sure that I buy them in bulk. This is because I love to buy them at once and I also want to buy it at a cheaper rate

 

[Starmix]

I actually love to buy my daily needs and I always make sure that I buy them in bulk. This is because I love to buy them at once and I also want to buy it at a cheaper rate

We can save more when buying in bulk than in retail by retail. We can also save time and energy. The prices might soar high so suddenly and we are not prepared, so much better to buy in bulk.

 

[relcap23]

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.

If the store is tied up with the mall it will surely be profitable otherwise think erice before investing. If the department store is not too big you can choose another location like in the suburbs. A sub urban community is a good market too.

 

[Hate2Wait]

Its a good business but you still need to work hard and these days you are working against a stong force of retail outlets that are backed with millions and trillions of investment

 

[Sophie]

No I don't think that a departmental shop is profitable in my case as of now.
I have never really liked the idea of departmental shop.
But I guess it might work out for those with good capital

 

[nomad]

With the current on going recession, high inflation, and loss of income sources in common people, I do not think starting a departmen tal store can be considered a profitable business.

 

[Authenticity101]

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

That is true. For such businesses that are not so popular, you will have to bring out some uniqueness in them. Put them in a great location, promote online if possible and make your products or services as affordable as possible.

 

[hastral45]

Starting a departmental store would be a profitable business. As the increase in the demand for more processed products, so also the establishment of more departmental stores become imperative. If you look around now, it would be notice that departmental stores are rapidly replacing open markets.