BIG-FINAL

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    EXECUTIVE SUMMARY

    As customers taste and preferences are changing, the market scenario is also changingfrom time to time. Todays market scenario is very different from that of the market

    scenario before 1990. There have been many factors responsible for the changing market

    scenario. It is the customers changing tastes and preference, which has bought in a

    change in the market. Income level of the people has changed; life styles and social class

    of people have completely changed now than that of olden days. There has been a shift in

    the market demand in todays world. Technology is one of the major factors, which is

    responsible for this paradigm shift in the market. Todays generation people are no more

    dependent on hat market and far off departmental stores. Today we can see a new era in

    market with the opening up of many departmental stores, hypermarket, shoppers stop,

    malls, branded retail outlets and specialty stores. In todays world shopping is not any

    more tiresome work rather its a pleasant outing phenomenon now.

    The study is based on a survey done on customers of a hypermarket named big bazaar.

    Big bazaar is a new type of market, which came in to existence in India since 1994. It is a

    type of market where various kinds of products are available under one roof. My study is

    on determining the customers demand for big bazaar and the satisfaction level of

    customers in big bazaar. The study will find out the current status of big bazaar and

    determine where it stands in the current market.

    This market field survey will help us in knowing the present customers tastes and

    preferences. It will help in estimating the customers future needs and wants.

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    LIST OF CONTENTS

    Chapter- 1 Introduction

    Chapter -2 Company profile (Including SWOT analysis)

    Chapter -3

    3.1 Objectives of the project

    3.2 Importance and scope of the project

    Chapter-4 Literature Review

    Chapter-5 Research Methodology

    5.1 Research Design

    5.2 Data Collection

    5.3 Limitations

    Chapter-6 Data analysis and interpretation

    Chapter-7

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    7.1 Findings

    7.2 Conclusion

    7.3 Recommendations & Suggestions

    8. Appendices

    9. Bibliography

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    INTRODUCTION

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    INTRODUCTION

    Purchasing, generally defined as a consumers unplanned purchase which is an important

    part of buyer behavior. It accounts for as much as 62% of supermarket sales and 80% of

    all sales in certain product categories. Though impulsive purchasing has attracted

    attention in consumer research. Unfortunately, there is a dearth of research on group-level

    determinants.

    This research suggests that the presence of other persons in a purchasing situation is

    likely to have a normative influence on the decision to make a purchase. The nature of

    this influence, however, depends on both perceptions of the normative expectations of the

    individuals who exert the influence and the motivation to comply with these expectations.Peers and family members, are the two primary sources of social influence, often have

    different normative expectations.

    Thus, it has been evaluated two factors that are likely to affect the motivation to conform

    to

    social norms:

    a) The inherent susceptibility to social influence and

    b) The structure of the group Group cohesiveness refers to the extent to which a group is

    attractive to its members. The theory proposed by Fishbein and Ajzen helps

    conceptualize these effects. This theory assumes that behavior is a multiplicative function

    of expectations for what others consider to be socially desirable and the motivation to

    comply with these expectations.

    Factors affecting buying behavior of SHOPING GOODS with special reference to big

    Bazzar in Meerut region.There are many factors which affect Consumers Buying

    Behaviour in SHOPING GOODS market but we

    are only analysing marketers driven factors which are:

    Festival season

    Diwali , Holi, Christmas, Pongal Etc.

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    Introduction of Indian Retail Industries:

    Retail is Indias largest industry, accounting for over 10 per cent of the countrys GDP

    and around eight per cent of the employment. Retail industry in India is at the crossroads.

    It has emerged as one of the most dynamic and fast paced industries with several players

    entering the market. But because of the heavy initial investments required, break even is

    difficult to achieve and many of these players have not tasted success so far. However,

    the future is promising; the market is growing, government policies are becoming more

    favorable and emerging technologies are facilitating operations. Retailing in India is

    gradually inching its way toward becoming the next boom industry. The whole concept

    of shopping has altered in terms of format and consumer buying behavior, ushering in a

    revolution in shopping in India. Modern retail has entered India as seen in Sprawling

    shopping centers, multi-storied malls and huge complexes offer shopping, entertainment

    and food all under one roof. The Indian retailing sector is at an inflexion point where the

    growth of organized retailing and growth in the consumption by the Indian population is

    going to take a higher growth trajectory.

    The Indian population is witnessing a significant change in its demographics. A large

    young working population with median age of 24 years, nuclear families in urban areas,

    along with increasing working-women population and emerging opportunities in the

    services sector are going to be the key growth drivers of the organized retail sector in

    India.Retailing is the final step in the distribution of merchandise -the last link in the Supply

    Chain -connecting the bulk producers of commodities to the final consumers. Retailing

    covers diverse products such as foot apparels, consumer goods, financial services and

    leisure.

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    A retailer, typically, is someone who does not effect any significant change in the product

    execs breaking the bulk. He/ She are also the final stock point who makes products or

    services available to the consumer whenever require. Hence, the value proposition a

    retailer offers to a consumer is easy availabilities of the desired product in the desired

    sizes at the desired times.

    In the developed countries, the retail industry has developed into a full-fledged industry

    where more than three-fourths of the total retail trade is done by the organized sector.

    Huge retail chains like Wal-Mart, Carr four Group, Sears, K-Mart, McDonalds, etc. have

    now replaced the individual small stores. Large retail formats, with high quality ambiance

    and courteous.

    Retailing is the interface between the producer and the individual consumer buying for

    personal consumption. This excludes direct interface between the manufacturer and

    institutional buyers such as the government and other bulk customers. A retailer is one

    who stocks the producers goods and is involved in the act of selling it to the individual

    consumer, at a margin of profit. As

    Such, retailing is the last link that connects the individual consumer with the

    manufacturing and distribution chain.

    Retailing is more than selling goods:

    Retailing consists of the sale of goods or merchandise, from a fixed location such as a

    department store or kiosk, in small or individual lots for direct consumption by the

    purchaser. Retailing is a well recognized business function which compromises making

    available desired product in the desired quantity at the desired time. This creates a time,

    place and form utility for the consumer. The success of retailing is highly dependent on

    an efficient supply chain management. A well-developed supply chain reduces wastages

    and transaction cost thereby reducing the cost of inventories to be maintained by the

    producers and the traders. A reduction in the cost of inventory management leads to a

    reduction in the final price to the consumer.

    Retailing has been identified as a thrust area for promotion of textiles, processed foods,

    agricultural and horticultural produce. Retail Sector can be divided into organized and

    unorganized sectors:

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    Unorganized Retail:

    Unorganized retailing is characterized by a distorted real-estate market, poor

    infrastructure and inefficient upstream processes, lack of modern technology, inadequate

    funding and absence of skilled manpower. Therefore, there is a need to promote

    organized retailing.

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    COMPANY PROFILE

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    COMPANY PROFILE

    BIG BAZAAR AT MILANZ MALL MEERUT!

    First time a Discount Hypermarket opens at a Millanz Mall Pallav Puram Meerut

    Pantaloon Retail opens 2 Big Bazaars

    Pantaloon Retail (India) Limited, the countrys leading retailer, opens

    BIG BAZAARS in Meerut. The two BIG BAZAARS are located at the

    Wazirpur and Inderlok Metro Stations respectively. This is the first time

    a discount hypermarket has opened at a station and Big Bazaar is proud to be the first to

    offer a never-before shopping experience to the metro commuters. The national tally of

    BIG BAZAAR is now at 20 taking the total tally of BIG BAZAAR in NCR region to

    4.Both BIG BAZAAR, PVS & BIG BAZAAR, Millanz have FOOD BAZAARS within

    the store. This takes the national tally of Food Bazaar to 32 and total tally of Food

    Bazaar in NCR to 5.

    BIG BAZAAR will provide shoppers with a completely new shopping

    experience and make available -a range of products for every household

    need at never before prices Shoppers for the first time will have the widest range of

    products in every segment Womens Apparel, Mens Apparel, Accessories like belts

    and bags, Cosmetics, Gold Jewellery, Kids Wear, Stationary and Toys, Footwear, Plastics

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    and Home Dcor products, Utensils & Home Appliances, Gift Articles, food and grocery

    items.Food Bazaar will offer services like Live Kitchen where customers can get

    vegetables cut and select gravies of their choice, Golden Harvest providing best quality

    grain, pulses & spices, Ready to cook and Hungry Kya the ready to eat food sections.

    In addition, regular Food Bazaar offerings of Grains and Provisions, Farm Fresh Fruits &

    Vegetables, Drinks & Beverages, Dairy Products, Fabric Care products, Music Cassettes

    and CDs, Chill Station, Home Care Products, Accessories, Kitchen Linen.

    On the occasion of the launch, Mr. Kishore Biyani, Managing Director, Pantaloon Retail

    (India) Ltd., said, We are very proud to open BIG BAZAARS in Meerut. As has been

    the homemakers experience across the country, the store is a support to the homemakers

    untiring effort of saving the maximum while giving the best to her family. Our opening of

    the 2 stores in Meerut after the runaway success of the other stores at Meerut &

    Ghaziabad shows our commitment to this region. It also reflects the love and affection

    the people of this region have showered on us!

    Living up to its motto of Is se sasta aur accha kahin nahin", all products in BIG

    BAZAAR will be available at prices lower than the MRP, often up to 60% discount. In

    addition to this, various offers, discounts and promotions will be regularly held at the

    store. The consumer will experience a new level of standard in price, convenience and

    comfort, quality, quantity, and store service levels. BIG BAZAAR in its true hypermarket

    model will offer all of the above for both leading brands as also for its private labels.

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    Layout chart of Big bazaar located at Millanz

    LAYOUT INDEX

    1. HELP DESK2. KIDS ACCESSORIES3. JACKETS4. BABA SUITS5. LADIES TOPS6. TRIAL ROOM7. PILLARS USED FOR DISPLAYING INFORMATION (SIZE CHART, SECTION

    DESCRIPTION)

    8. WOOLEN CLOTHS FOR KIDS9. WINTER WEAR10.KIDS CASUAL WEAR11.KIDS JEANS AND SHORTS12.INFANT SHIRTS AND T-SHIRTS13.MEN ACCESSORIESSUNGLASSES, WRIST WATCHES ETC14.SOFT TOYS15.HOME DECORATIVE ITEMS16.MUSIC COUNTER

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    17.LADIES ETHINIC18.LADIES WESTERN19.LADIES FORMALS(OFFICE WEAR)20.LADIES ACCESSORIESLINGERIES21.LADIES PERFUMERIES22.LADIES COSMETICS23.LUGGAGE24.FOOTWEAR25.

    SPORTS

    26.SCHEME BASED PROMOTIONAL ITEMS27.CASH COUNTER28.HOME FURNISHING (CURTAIN CLOTHS, CARPETS)29.MEN FORMAL SHIRTS30.MEN TROUSERS31.MEN SUITS AND BLAZERS32.MEN FABRICS33.MEN ETHINICS

    DESCRIPTION

    HELP DESK As you can see from the layout, the Help Desk is located in a place

    where every one has their first sight that is in front of the entrance. This shows that when

    a person enters in to big bazaar it can get all information about the stores of big bazaar

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    from the person sitting in the help desk. Help Desk uses paging service as a tool for the

    convenience of its employees and customers.

    KIDS SECTIONThe kids section is located just at the left corner of the entrance of

    big bazaar. In the kids section kids accessories like diapers, trolleys, suckers, water

    bottles are available in one part. Kids jackets and baba suits are available in another part.

    Kids casual wear (jeans and shorts) are placed in one part of it and infant shirts & t-shirts

    are also placed in another part. In this section the pillars are used for displaying

    information like size chart and section description. The apparels are available at a price of

    Rs59 onwards.

    MENS SECTIONNext to it is the mens section that is in the center. It is divided in to

    five parts. At one part men formal shirts are available. In other parts men trousers, suits

    and blazers, fabrics and ethnics are available respectively. Here the price ranges from a

    minimum of Rs99 to Rs899.

    LADIES SECTIONNext to it is the ladies section that is in the extreme right side. The

    ladies section is segregated in to seven parts. Ladies section starts from ladies ethnics,

    ladies western wear, ladies formals (office wear), ladies accessories lingeries, ladies

    perfumeries, and ladies cosmetics respectively. Here the price of the apparel ranges from

    Rs99 to Rs1000 approx.

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    Promotional scheme With an add on to the above products there are various other

    products which are available with a promotional scheme. The various products under this

    scheme includes girl t-shirts, infant winter wear etc.

    Non-Promotional scheme There are various other products available without any

    promotional scheme which includes jeans, infant baba suits, infant t-shirts, kids night

    wear, kids salwar suits etc.

    Sports StoreAt the extreme corner there is a sports store where various kinds of sport

    items are available.

    Food BazaarThe food bazaar is in the 1st floor of the building. Various kinds of food

    items, fruits and vegetables are available there. Sitting arrangements are well made so

    that people can sit and take tea, coffee or snacks or any other food item and can relax.

    Cash CounterThe cash counter is located just near the exit

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    Company profile

    Pantaloon Retail (India) Limited, is Indias leading retailer that operates multiple retail

    formats in both the value and lifestyle segment of the Indian consumer

    market. Headquartered in Mumbai (Bombay), the company operates over 10 million

    square feet of retail space, has over 1000 stores across 61 cities in India and employs

    over 30,000 people.

    The companys leading formats include Pantaloons, a chain of fashion outlets, Big

    Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, blends

    the look, touch and feel of Indian bazaars with aspects of modern retail like choice,

    convenience and quality and Central, a chain of seamless destination malls. Some of its

    other formats include, Depot, Shoe Factory, Brand Factory, Blue Sky, Fashion Station,

    aLL, Top 10, mBazaar and Star and Sitara. The company also operates an online portal,

    futurebazaar.com. A subsidiary company, Home Solutions Retail (India) Limited,

    operates Home Town, a large-format home solutions store, Collection i, selling home

    furniture products and E-Zone focused on catering to the consumer electronics segment.

    Pantaloon Retail was recently awarded the International Retailer of the Year 2007 by the

    US-based National Retail Federation (NRF) and the Emerging Market Retailer of the

    Year 2007 at the World Retail Congress held in Barcelona.

    Pantaloon Retail is the flagship company of Future Group, a business group catering to

    the entire Indian consumption space. Pantaloon is not just an organization - it is an

    institution, a centre of learning & development. We believe that knowledge is the only

    weapon at our disposal and our quest for it is focused, systematic and unwavering.

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    At Pantaloon, we take pride in challenging conventions and thinking out of the box, in

    travelling on the road less traveled. Our corporate doctrine Rewrite Rules, Retain

    Values is derived from this spirit.

    Over the years, the company has accelerated growth through its ability to lead change.

    A number of its pioneering concepts have now emerged as industry standards. For

    instance, the company integrated backwards into garment manufacturing even as it

    expanded its retail presence at the front end, well before any other Indian retail company

    attempted this. It was the first to introduce the concept of the retail departmental store

    for the entire family through Pantaloons in 1997. The company was the first to launch a

    hypermarket in India with Big Bazaar, a large discount store that it commissioned in

    Kolkata in October 2001. And the company introduced the country to the Food Bazaar, aunique 'bazaar' within a hypermarket, which was launched in July 2002 in Mumbai.

    Embracing our leadership value, the company launched aLL in July 2005 in Mumbai,

    making us the first retailer in India to open a fashion store for plus size men and women.

    Today we are the fastest growing retail company in India. The number of stores is going

    to increase many folds year on year along with the new formats coming up. The way we

    work is distinctly "Pantaloon". Our courage to dream and to turn our dreams into reality

    that change peoples lives, is our biggest advantage. Pantaloon is an invitation to join a

    place where there are no boundaries to what you can achieve. It means never having to

    stop asking questions; it means never having to stop raising the bar. It is an opportunity

    to take risks, and it is this passion that makes our dreams a reality.Come enter a world

    where we promise you good days and bad days, but never a dull moment!

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    Future Group

    Future Group is one of the countrys leading business groups present in retail, asset

    management, consumer finance, insurance, retail media, retail spaces and logistics. The

    groups flagship company, Pantaloon Retail (India) Limited operates over 10 million

    square feet of retail space, has over 1,000 stores and employs over 30,000 people. Future

    Group is present in 61 cities and 65 rural locations in India. Some of its leading retail

    formats include, Pantaloons, Big Bazaar, Central, Food Bazaar, Home Town, eZone,

    Depot, Future Money and online retail format, futurebazaar.com.

    Future Group companies includes, Future Capital Holdings, Future Generali India Indus

    League Clothing and Galaxy Entertainment that manages Sports Bar, Brew Bar and

    Bowling Co. Future Capital Holdings, the groups financial arm, focuses on asset

    management and consumer credit. It manages assets worth over $1 billion that are being

    invested in developing retail real estate and consumer-related brands and hotels.

    The groups joint venture partners include Italian insurance major, Generali, French

    retailer ETAM group, US-based stationary products retailer, Staples Inc and UK-based

    Lee Cooper and India-based Talwalkars, Blue Foods and Liberty Shoes.Future Groups

    vision is to, deliver Everything, Everywhere, Every time to Every Indian Consumer in

    the most profitable manner. The group considers Indian-ness as a core value and its

    corporate credo is- Rewrite rules, Retain values.

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    Mr. Kishore Biyani

    Managing Director(FUTURE GROUP)

    Major Milestones

    1987 Company incorporated as Manz Wear Private Limited.

    Launch of Pantaloons trouser, Indias first formal

    trouser brand.

    1991 Launch of BARE, the Indian jeans brand.

    1992 Initial public offer (IPO) was made in the month of

    May.

    1994 The Pantaloon Shoppe exclusive menswear store in

    franchisee format launched across the nation. The

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    company starts the distribution of branded garments

    through multi-brand retail outlets across the nation.

    1995 John Miller Formal shirt brand launched.

    1997 Pantaloons Indias family store launched in Kolkata.

    2001 Big Bazaar, Is se sasta aur accha kahi nahin- Indias

    first hypermarket chain launched.

    2002 Food Bazaar, the supermarket chain is launched.

    2004 Central Shop, Eat, Celebrate In The Heart Of Our

    City- Indias first seamless mall is launched in

    Bangalore.

    2005 Fashion Station - the popular fashion chain is launched

    aLL a little larger- exclusive stores for plus-size

    individuals is launched

    2006 Future Capital Holdings, the companys financial arm

    launches real estate funds Kshitij and Horizon and

    private equity fund Indivision. Plans forays into

    insurance and consumer credit.

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    Multiple retail formats including Collection i, Furniture

    Bazaar, Shoe Factory, EZone, Depot and

    futurebazaar.com are launched across the nation.

    Group enters into joint venture agreements with ETAM

    Group and Generali.

    Big Bazaar has initiated the process of Auto Replenishments Systems, thus improving

    operational efficiencies and productivity. The company has also rationalized nearly 250

    vendors through better vendor management in terms of potential to expand, and for

    inclusion and upgradation to the online B2B platform. The company plans to open over

    60 stores across India in FY 2008, and the opening of the 100th Big Bazaar store will

    mark the fastestever expansion by a hypermarket format.

    discover ing the new c onsum er

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    Based on the companys in-house consumer data and research, and in cognizance with

    observations on customer movements and the shopping convenience factor, Food Bazaar

    has initiated certain refurbishments and layout design across all stores. The intention is to

    continuously change with the times and demands of the evolving Indian consumer.

    Food Bazaar also witnessed healthy expansion during the year 2006-07, making its

    presence felt in nearly 26 cities and adding 40 stores during the year under review. The

    total count of Food Bazaars as on 30th June 2007 stood at 86 stores. The year under

    review witnessed the companys private label programme gaining significant traction.

    The brands have been very competitive vis--vis the established brands in quality and

    price terms, and have in fact scored better than national or international players in certain

    categories.

    The share of private labels as a percentage of total Food Bazaar revenues has increased

    significantly and comprise nearly 50 merchandise categories.

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    While Fresh & Pure brand entered categories like cheese slices, frozen peas, honey,

    packaged drinking water and packaged tea, the Tasty Treat brand received a very

    favorable response in new categories like namkeens and wafers. In the home care

    category, Caremate launched aluminum foil and baby diapers while Cleanmate launched

    detergent bars and scrubbers.

    A new format BB Wholesale Club was launched and 4 such stores have been

    opened so far. To be managed by Food Bazaar from the ensuing financial year, this

    format sells only multi-packs and bulk packs of a select range of fast moving categories

    and caters to price sensitive customers and smaller retailers.

    The company has also forged tie-ups with established companies like ITC, Adanis, DCMGroup, USAID and other farm groups in Maharashtra and Madhya Pradesh to source

    directly from them. These alliances are expected to drive efficiencies as well as bring

    better products to consumers.

    By the end of FY 07-08, the total number of Food Bazaar stores is expected to be 200.

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    BOARD OF DIRECTOR

    Mr. Kishore Biyani Managing Director

    Mr. Gopikishan Biyani Whole time Director

    Mr. Rakesh Biyani Whole time Director

    Mrs. Ved Prakash Arya Director

    Mr. Shailesh Haribhakti Independent Director

    Mr. S Doreswamy Independent Director

    Dr. D.O. Koshy Independent Director

    Mrs. Anju Poddar Independent Director

    Mrs. Bala Deshpande Independent Director

    Mr. Anil Harish Independent Director

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    7.3 About the Pantaloon Retail (India) Limited

    Pantaloon Retail (India) Limited, is Indias leading retailer that operates multiple retail

    formats in both the value and lifestyle segment of the Indian consumer

    market. Headquartered in Mumbai (Bombay), the company operates over 16 million

    square feet of retail space, has over 1000 stores across 73 cities in India and employs over

    30,000 people.

    The companys leading formats include Pantaloons, a chain of fashion outlets, BIG

    BAZAAR, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain,

    blends the look, touch and feel of Indian bazaars with aspects of modern retail like

    choice, convenience and quality and Central, a chain of seamless destination malls. Some

    of its other formats include Brand Factory, Blue Sky, aLL, Top 10 and Star and Sitara.

    The company also operates an online portal, futurebazaar.com.

    Future Value Retail Limited is a wholly owned subsidiary ofPantaloon Retail (India)

    Limited. This entity has been created keeping in mind the growth and the current size of

    the companys value retail business, led by its forma t divisions, BIG BAZAAR and

    Food Bazaar.

    The company operates 140 BIG BAZAAR stores, 170 Food Bazaar stores, among other

    formats, in over73 cities across the country, covering an operational retail space of

    http://www.futurebazaar.com/http://www.futurebazaar.com/
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    over6 million square feet. As a focussed entity driving the growth of the group's value

    retail business, Future Value Retail Limited will continue to deliver more value to its

    customers, supply partners, stakeholders and communities across the country and shape

    the growth of modern retail in India.

    A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a

    large-format home solutions store, Collection, selling home furniture products and eZone

    focused on catering to the consumer electronics segment. Pantaloon Retail is the flagship

    company of Future Group, a business group catering to the entire Indian consumption

    space.

    7.4 Future Group

    Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of Indias

    leading business houses with multiple businesses spanning across the consumption space.

    While retail forms the core business activity of Future Group, group subsidiaries are

    present in consumer finance, capital, insurance, leisure and entertainment, brand

    development, retail real estate development, retail media and logistics.

    Headquartered in Mumbai (Bombay), Pantaloon Retail employs around 30,000

    people and is listed on the Indian stock exchanges. The company follows a multi-format

    retail strategy that captures almost the entire consumption basket of Indian customers. In

    the lifestyle segment, the group operates Pantaloons, a fashion retail chain and Central, a

    chain of seamless malls.

    Future Group believes in developing strong insights on Indian consumers and

    building businesses based on Indian ideas, as espoused in the groups core value of

    Indianness. The groups corporate credo is, Rewrite rules, Retain values.

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    7.5 Future Group Manifesto

    Future the word which signifies optimism, growth, achievement, strength, beauty,

    rewards and perfection. Future encourages us to explore areas yet unexplored, write rules

    yet unwritten; create new opportunities and new successes.

    We, in Future Value Retail Group, will not wait for the Future to unfold itself but

    create future scenariosin the consumer spaceand facilitate consumption because

    consumption is development. Thereby, we will effect socio-economic development for

    our customers, employees, shareholders, associates and partners.

    Our customers will not just get whatthey need, but also get them where, howandwhen.

    We will not just post satisfactory results, we will write success stori es. We will not just operate efficiently in the Indian economy, we will evolveit. We will not just spot trends; we will set trendsby marrying our understanding of

    the Indian consumer to their needs of tomorrow.

    7.6 SWOT Analysis-

    Pantaloons Retail India Limited

    Strengths:

    Vast range of products under one roof helping in attracting in customer and theirfamily to shop together and enjoy the experience.

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    Ability to get products from customers at discounted price due to the scale ofbusiness.

    Specialized services give niche advantage to the Company to have better andfaster access to the customer needs.

    Cost control initiatives and frugal culture that is critical in a retail operationsbusiness

    Periodical reviews of the various operations have been done on regular basis.

    Weaknesses:

    Increased size of operation has the risk of execution and management. High attrition rate of employees.

    Opportunities:

    Can expand the business in smaller cities as there is a lot of opportunity. Competitive advantage over competitors and also ensuring that the Companys

    expansion plans on track.

    Threats:

    The organized retail business is evolving faster and with the availability ofvarious options from the Company as well as the competitors, the business risk

    has increased.

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    In the current environment, for any company the cost of doing business, includingcosts associated with energy, real estate, people etc and this can have an impact

    on the margins.

    With the increase of the size of operation the Company will also have the risk ofthe execution and management.

    Margin of business reducing all the time.

    7.7 STORE STUDY-

    BIG BAZAAR

    Sahara GANJ Mall, Sahanjaf Road

    Hazratganj, Lucknow

    Phone No.- 0522-4007777

    This store is of 3 floor and divided into 3 levels based on the nature of products. There

    are 42 departments in this store and 210 Human Resource employed. As this store is big

    enough with 3 levels and 42 departments has long product range and product depth. Ones

    a customer get inside the store he will find all kinds of products available that may be

    Food item, Cosmetic, Electronic, Garments, Furniture etc.

    Because of these features it has a very good reputation in that area and customers who are

    residing far away and in other areas they also visit the store.

    7.7.1 GROUND F LOOR-

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    Departments-

    Crockery, Plastics -Buckets, Casseroles, Containers, Boxes, Flasks,

    Bowls,Jugs & Sippers, Bottles & Mugs, Crockery cutlery,

    Table Materials/Napkins, Casseroles , Dinner sets, Wine,

    Juice Glasses.

    (Brands-Prestige, Milton, Cello, Bharat, Poly set etc.)

    Utensils - Plates, Bowls, Glasses, Non-stick Cookwares, Kitchen

    tools, Tiffin Boxes.

    (Brands-Milton, Dream Line, Cello, Bharat, Poly set,

    Chetan etc)

    Personal Care - Soaps, Toothpaste, Toothbrash, Shampoo, Deodorants,

    Body Spry, Hair Oil, Baby food, Talcum Powder, Face

    Wash, Face Cream

    (Brands-Colgate, Close Up, Pepsodent, Parachute, ITC

    products, Lux International, Hamam, Sach, Godrej No.1,

    Sunsilk, Head & Shoulders, Axe, Nivea, Jo, Oral-B, Ponds,

    Parachute, Dabur Amla, Bajaj Almond Drops, Hair & Care,

    Clinic Plus and many more brands)

    Home Care, Fabric Care - Phenyl, Detergents, Dish wash, Tissue papers, Scratch,

    Shoe cases, Fresh wrap

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    ( Brands-Lysole,P&G {Tide}, HUL {Rin,SurfExcel},

    Clean Mate , Nirma, Mr.White, Harpic, Domex, Scotch

    Brite, Ezee, Wipro etc)

    Ready to Eat - Noodles, Pasta, Ketchup, Cerelac, Soup, Namkeen, Pop

    Corn etc.

    ( Brands-Maggi, Smith & Jones, Chings, Kissan, Knorr,

    Haldiram, Lehar, Heniz, Nestle, Nissin Top Ramen, Tasty

    Treat, Pasta Treat, Act II etc. )

    Ready to Cook - Alurdom, Korma, Sukto, Chap, Paneer Malai, Alu Matter,

    Tarka, Soyabean, Rajma etc.

    ( Brands- MTR, Mothers, Aashirvaad, Gits, and many

    more local brands are available in the store )

    Refrigerated Product - All kinds of refrigerated products are available in the

    store.

    ( Brands- Green Valley etc. )

    Sweet and Farson - All kinds of sweets and farson. For eg. Rasgulla, Barfi,

    Milk Cake, Samosa, Kaju made sweets, Dhokla etc.)

    Confectioneries - All kinds of Chocolates & Confectionaries.

    (Brands-Cadbury, Nestle, Parle, Mr. Brown etc)

    Candies and Dry Fruits - Cashew, Almond, Kismis, Ground Nut and many more

    candies and dry fruits are available in the store.

    Beverages - Soft Drinks, Mineral Water, Health Drinks, Juices

    (Brands-Coca Cola, Pepsi, Mirinda,7 up, Mountain Dew,

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    Sprite, Be Naturals, Tastey Treat, Bisleri, Aquafina, Parle

    XS, V Fresh, Mazaa, Silce, Thumps Up, Appy Fizz and

    many more)

    Fruits and Vegetables - Farm Fresh ( Tomato, Potato, Onion, Garlic, Mint,

    Ginger, Cauliflower, Apple, Grapes, Mango, Banana,

    Orange, Strawberry etc. and all types of seasonal Fruits and

    Vegetables)

    Staple - Pulses, Rice, Flour, Rava, Oils, Pure Ghee, Spicy items,

    Soups, Bread items, Pickle, Corn Falks, Wafers, Cookies,

    Biscuits etc.

    (Brands-Aashirvaad, Pillsbury, Sunflower, Ashok,

    Gemini, V Fresh, Fortune, Dhara, MTR, Mr. Brown, Milk

    made, Kelloggs, Tastey Treat, Smith & Jones, MDH,

    Everest, Parle, Priya Gold,

    Tea and Coffee - Red Label, Tazaa, Tajmahal, Gold, Sehatmand, Classic,

    Instant Coffee .

    7.7.2 F IRST FLOOR-

    Departments-

    Ladies Ethnic -Salwar Kurta, Kurti etc.

    ( Brands- Sristhi, Kalakruthi etc.)

    Ladies Western - Jeans,Top,Skirts

    ( Brands- Bretni, DJ & C, Ruff & Tuff, Famous Basics

    and many more brands)

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    Ladies Sringar - Face Cream, Hair Colour, Nail Polish, Nail

    Polish,Remover etc.

    ( Brands- Ayur Herbals, Revlon, Joves, VLCC, Lotus,

    Lakme, Charlie, Shahnaaz Hussain etc. )

    Ladies Handbag -All types of Ladies handbags are available.

    Ladies Accessories - Bangels, Jewelry Set, Bracelets, HairAccessories,

    Bindies, Chain

    Lingerie and Nightwear - Bra, Panty, Nightwear etc.

    ( Brands- Paris Beauty, VIP, AFL etc. )

    Sarees and Dress Material - Brands-Sristhi and Riya Ritu etc.

    Mens Formal and Fabric - Executive Shirts, Paints, Trousers

    ( Brands-AFL, Knighthood, Privilege Club etc.)

    Mens Casual -Trousers, Jeans, T-Shirts etc.

    ( Brands- Levis Signature, DJ & C, Famous Basics,

    Spunk )

    Mens Ethnic - Kurta Paijama, Short Kurta, Sherwani

    ( Brands-Shatranj and Sultan )

    Mens Sportswear - T-Shirts, Shorts, Upper & Lowers etc

    ( Brands-Spandlings, Spunk etc. )

    Mens Accessories - Shaving Cream, Aftershave Lotion, Face Cream, Scissor

    Deodorants, Razors, Hair Gel, Hair Oil, Perfume, Alum,

    Comb, Face Wash etc.

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    ( Brands-Palmolive, Axe, Hair & Care, Navratna, Old

    Spice, Denim, Barley Cream, Glide, Gillette, Nivea, Fair &

    Handsome, Garnier, Nomarks, Parachute, Laser and many

    more brands are available. )

    Mens Denim and T-Shirts - Cargo, Denim Jeans, T-Shirt

    (Brands- Levis Signature, DJ & C, Famous Basics,Spunk)

    Mens Party wear - Party wear Shirts

    ( Brands- Studio NYX etc.)

    Kids wear and Accessories - T-Shirts, Jeans, Cargo, CodRaw, Co-ordinates, Rain

    Cotes, Frocks, Skirts, Top, Trousers, Shirts, Kurta-Paijama,

    Jhabals, Baba Suits, Vests and Under wear.

    (Brands-Tara Rum Pum, Disney, Pink & Blue, Power

    Ranges, VIP, Johnson & Johnson etc.)

    Toys and Sports Good - Soft Toys, Educational Toys, Board Games, Action

    Figure, Dolls

    ( Brands- Fun School, Venus, Mitashi, Creative, Unitied)

    Gold Bazaar - Navaras (This is the separate unit not related to BIG

    BAZAAR they share profits on percentage basis.)

    Watches and Mobiles - Brands- Escort, Lumax, Maxima, Fastrack, Nokia, LG,

    Sumsung, Motorola, Sony, Optima, Baywatch, Virgin etc.

    Sunglasses - Fastrack and many more.

    Stationery - Pencils, Cutter, Scale etc.

    ( Brands- Stick, Park, Cello, Fiber Castle etc. )

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    7.7.3 SECOND FLOOR-

    Stationery - Book Depot, Natraj, Apasra, Disney, Dictionarys etc.

    (Brands-Kangaroo, Built, Matrix, 3M, Kores, Stick, Park,

    Atlas etc.

    Electronics - DVD, CD, Speakers, Digital Camera, Iron, Inventor,

    Water Heater, Gyer, Washing Machine, Air Conditioners,

    Toaster, Hair Dresser, Vaccum Cleaner, Fans, Hand

    Blender, Electric Cattle etc.

    ( Brands-LG, Sony, Sumsung, Koryo, Philips,Sensei,

    Remson, Kodak, Luminous, Whirlpool, Bajaj, Symphony,

    Insala, Toshiba, Eureka Forbes, Omega, Panasonic, Trendy,

    Kenstar, Prestiage, Maharaja Whiteline, etc.)

    Furniture Bazaar - Beab Bag, Sofa Set, Dining Glass Table, Woardrobe, Bed,

    Table, Shoe Rack

    Star Sitar - Cosmetics, Fragrances, Herbals, Pharmaceuticals.

    Home Linen - Bed Quilts, Cotton Bath Towel, Terry Bath Towel, Fleece

    Blanket, Yellow Duster, Jaipuri Razai, Footmates, Kitchen

    Towel, Chatai,

    ( Brands-Bombay Dyeing, Cozy Dreams, Million Choice,

    Easy Life, Sapana Carpets & Mats etc.)

    Luggage - Laptop Bag, Ladies Hand Bag, Strolley, Suitcase, Briefcase,

    School Bag, Air Bag, CD Case etc.

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    (Brands- American Tourister, Milestones, Sara, Vogue,

    President, Star Dargon, VIP Skybags, Safari, D-Tachi,

    Avon, Genius, etc.)

    Gifts - Key Rings, Crockery, Fountains, Lamps, Painting,

    Dreamline Mags ,Dinner Set, Cup & Saucer, Serving Tray,

    Candles, Photo

    Foot wear Bazaar - Ladies Sandals, Casual Shoes, Sports Shoes, Kids Shoes,

    Sleepers

    Auto Accessories - Helmets, Seat Cover, Steering Cover, Wheel Covers etc.

    7.8 L ife Cycle of BI G BAZAAR-

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    7.9 BIG BAZAAR AT BCG MATRIX-

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    7.10 Marketing Mix of BI G BAZAAR-

    1. Product Mi x-

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    2. Pricing-

    Value pricing

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    Promotional pricing Low interest financing Psychological discounting Special event pricing

    Differentiated Pricing Time pricing

    Bundling7.11 Positioning of BIG BAZAAR-

    7.12 Organization Value and Customer Value-

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    7.13 Future Strategy of BIG BAZAAR-7.14 Marketing Strategy-

    Activities Target Marketing M ix

    Big wish All the population Process

    Baby registry and marriageregistry

    Married couple, waiting formarriage

    Promotion

    Women forum Women Public relation

    and dress designer will be appoint

    in all the store Interior decorator

    Those customer who are very

    specific about their decision.

    People

    Networking through internet All loyal customer, other net user . E-marketing

    Religion Corner All the aesthetic people Product Mix

    AdharRural Centric Market 720 million consumer across627000 villages.

    Place

    Tie up with IPL Sports lover Promotion

    Improving Quality of product Prevailing as well as Prospectcustomer

    Product

    7.15 Organization Structure:-

    Organization Structure (Zonal)

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    President

    Vice President

    Marketing HR Category Manager Finance Manager OperationManager ManagerHead

    Marketing HR Category Finance Store

    Head Head Head Head Manager

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    At BI G BAZAAR in L ucknow:

    Store Structure-

    Store Manager

    Assist Store Manager

    Dept Manager Human Resource Administration Info Tech

    Visual MerchandiseMarketingAssist DM Cashing Depot

    Assistant HR MaitananceTeam Leader Security

    House Keeping CashierTeam Members

    CSD(Customer Service Desk)

    7.16 SECURITY MEASURES

    Pantaloon Apparel, food, etc. POS: Home-grown solution

    SAP Retail

    BI and Data warehouse: Congos (process of evaluation)

    handheld scanners at Food Bazaar

    VPN: Company-wide network linking all the branches

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    They have loss prevention cell (LPC) that will be looking after the safety measures in the

    organizations. There are 5 members in each store.

    7.17 Supply Chain Management-

    Factory

    C & F Agent

    Distributor

    Wholesaler LargeRetailer

    ModernTrade Retailer

    Small

    Retailer

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    ORAGANATION STRUTURE

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    STORE

    ASSISTANT

    DEPARTMENT

    ASSISTANT

    DEPARTMENT

    TEAM

    SALES PERSONS

    Or

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    MANAGEMENT STYLE

    The organization structure for Big bazaar is flat in nature. For Big bazaar, the divisions

    are apparel, non apparel and the new business division, which includes gold, footwear

    and the shop-in-shops. For Food Bazaar, a separate teem has been created which again

    works independently.

    About 1,800 people work for Big bazaar directly. Support and ancillary services comprise

    another 400 people. A new trainee is put through a basic three day training program

    before going on the shop floor. Evaluation is done every six months.

    THE STRATEGY

    Saving is key to the Indian middle class consumer. The store, which would be created,

    had to offer value to the consumer. Keeping this in mind, the concept of Big bazaar was

    created.

    In India, when a customer needs some thing for the home, a typical thought is to seek it

    from the bazaar. A bazaar is a place where a complete range of products is always

    available to the consumer. This is true across India. As the store would offer a large mix

    of products at a discounted price, the name Big bazaar was finalized. The idea was to re-

    create a complete bazaar, with a large product offering (at times modified to suit local

    needs) and to offer a good depth and width in terms of range. The mind to market for the

    first store was just six months.

    Price was the basic value proposition at Big bazaar. The Big bazaar outlets sold a variety

    of products at prices, which were 5 to 60 percent lower than the market price. The line

    Isse sasta aur achha kahin nahin emphaised this.

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    INTRODUCTION

    A retailerorretailstore is any business enterprise whose sales volume comes primarily

    from retailing. Retail organizations exhibit great variety and new forms keep emerging.

    There are store retailers, non store retailers, and retail organizations. Consumers today

    can shop for goods and services in a wide variety of stores. The best-known type of

    retailer is the department store. Japanese department stores such as Takashimaya and

    Mitsukoshi attract millions of shoppers each year. These stores feature art galleries,

    cooking classes, and childrens playgrounds.

    A retailer is at the end of the distributive channel. He provides goods and service

    to the ultimate consumers. This he does through his small organization, with the help of a

    few personnel. In an individual retail store there is not much scope for organization

    except in the sense that the shopkeeper has to organize apportions his time and resources.

    The need for organization becomes essential as soon as he hires people o enters into

    partnership or takes the help of members of his family in running his store. A retailer

    deals in an assortment of goods to cater to the needs of consumers. His objective is to

    make maximum profit out of his enterprise. With that end

    in view he has to pursue a policy to achieve his objective. This policy is called

    retailing mix. A retailing mix is the package of goods and services that store offers to the

    customers for sale. It is the combination of all efforts planned by the retailer and

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    embodies the adjustment of the retail store to the market environment. Retailing mix, a

    communication mix and a distribution mix. The maximum satisfaction to the customers is

    achieved by a proper blend of all three.

    The success of the retail stores, therefore, depends on customers reaction to the

    retailing mix which influences the profits of the store, its volume of turnover, its share of

    the market, its image and status and finally its survival.

    RETAIL

    Retailing is the set of business activities that adds value to the products and services sold

    to the consumer for their personal or family use.

    a "retailer" buys goods orproducts in large quantities from manufacturers orimporters,

    either directly or through a wholesaler, and then sells smaller quantities to the end-user.

    Retail establishments are often called shops or stores. Retailers are at the end of the

    supply chain. Manufacturing marketers see the process of retailing as a necessary part of

    their overall distribution strategy. The term "retailer" is also applied where a service

    provider services the needs of a large number of individuals, such as a public utility, like

    electric power.

    http://en.wikipedia.org/wiki/Product_(business)http://en.wikipedia.org/wiki/Manufacturinghttp://en.wikipedia.org/wiki/Importhttp://en.wikipedia.org/wiki/Wholesalehttp://en.wikipedia.org/wiki/End-userhttp://en.wikipedia.org/wiki/Supply_chainhttp://en.wikipedia.org/wiki/Marketinghttp://en.wikipedia.org/wiki/Distribution_(business)http://en.wikipedia.org/wiki/Public_utilityhttp://en.wikipedia.org/wiki/Electric_powerhttp://en.wikipedia.org/wiki/Electric_powerhttp://en.wikipedia.org/wiki/Public_utilityhttp://en.wikipedia.org/wiki/Distribution_(business)http://en.wikipedia.org/wiki/Marketinghttp://en.wikipedia.org/wiki/Supply_chainhttp://en.wikipedia.org/wiki/End-userhttp://en.wikipedia.org/wiki/Wholesalehttp://en.wikipedia.org/wiki/Importhttp://en.wikipedia.org/wiki/Manufacturinghttp://en.wikipedia.org/wiki/Product_(business)
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    Retailing is an important institution in our society, Retailing provides considerable value to consumers while giving people

    opportunities for rewarding and challenging careers.

    Retail formats and companies are now major factors in the industry.

    The key to successful retailing is offering the right product, at the right price, inthe right place, at the right time, and making a profit.

    Retailers must understand what customers want and what competitors are offeringnow and in the future.

    The World of Organized Retailing

    Retailers are using sophisticated communications and information systems tomanage their business. The use of new technologies helps retailers reduce their

    operations costs, while better serving their customers.

    To compete against non-store retailers, stores are now becoming more than justplaces to buy products. They are offering entertaining and educational

    experiences for their customers.

    In this dynamic environment, entrepreneurs are launching new companies andconcepts and becoming industry leaders, while traditional firms have had to

    rethink their business.

    Retail managers today must make complex decisions on selecting target marketsand retail locations, determining what merchandise and services to offer,

    negotiating with supplier and distributing merchandise to stores, training and

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    motivating sales associates, and deciding how to price, promote and present

    merchandise.

    RETAIL MIX.

    The retail mix is the combination of factors retail used to satisfied customer needs and

    influences their purchase decision. Its include the type of merchandise and services

    offered, merchandise pricing, advertising, promotional programs store design

    merchandise display, assistance to customer provided by salespeople, and convenience of

    the stores location.

    Retail mix is the term used to describe the various elements and methodsrequired to formulate and execute retail marketing strategy.

    Retail managers must determine the optimum mix of retailing activitiesand co-ordinate the elements of the mix.

    The aim of such coordination is for each store to have a distinct retailimage in consumers mind.

    The mix may vary greatly according to the type of the retailer is in, andthe type of product/services.

    While many elements may make up a firms retail mix, the essential elements may

    include:

    Store location, merchandise assortments

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    Store ambience, customer service, price, Communication with customer Personal selling Store image Store design Sales incentives

    People

    Process Physical evidence

    Composition of retail mix

    Place Product Price Promotion People Process Physical Environment

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    Key element

    1)Place (store location) 2)Product (merchandise)

    Target market Product development Channel structure Product management Channel management Product features and

    benefits

    Retailer image Branding Retail logistics Packaging Retail distribution

    3)Price 4)Promotion

    Costs Developing promotionalmixes

    Profitability Advertising management Value for money Sales promotion Competitiveness Sales management Incentives Public relations Quality Direct marketing Status After-sales services

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    5)People element 6)Process element

    Staff capability Order processing Efficiency Database management Availability Service delivery Effectiveness Queuing system Customer interaction Standardisation Internal marketing

    Retail mix planning

    Retail mix plan consists of:

    Setting objectives Systematic way of identifying a range of options. Formulation of plans for achieving goals Logical sequence of retailing activities.

    Importance of Retail mix planning

    Hostile and complex retail environment External and internal retail organisation factors interact

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    Maximising revenue Maximising profit Maximising return on investment Minimising costs

    Each element has conflicting needs All these variables interact All these variables result in optimum compromise.

    Approaches to planning

    Top down approach

    Retail management sets goals and plans for all levels of management.Bottom up approach

    Various units prepare own goals and plans sent up for approval.It is the effective blending of all the elements of retail mix activities within the

    retail organization that determines the success of retail management. Discuss this

    statement and explain with retail examples how the elements of retail mix could be

    blended to ensure the success of retail operation.

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    Product Layout Chart

    Ground Floor First Floor

    1. Ladies Western 1. Fruits and Vegetables2. Ladies Ethnic 2. Golden Items3. Saree and Dress Materials 3. Ready to eat4. Night wear/Lingerie 4. Ready to cook5. Boys and Girls 5. Sweets and Farson6. Infants 6. Spices7. Toys 7. Beverage8. Mens Formals 8. Confectionaries9. Mens Ethnic 9. Tea and Coffee10.Mens Casuals 10.Personal Cars11.Mens Accessories 11.Plastics12.Mens Party 12.Utensils13.Denim and T-shirts 13.Crockeries14.Sportswear 14.Appliances15.Footwear16.Home Linen17.Luggage18.Sunglasses and Watches

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    SWOT ANALYSIS

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    SWOT Analysis of Big bazaar

    A swot analysis is done to know the strengths, weaknesses, opportunities and threats of

    any company. This analysis will explain about the strengths, weaknesses, opportunities

    and threats of big bazaar.

    Strengths of Big bazaar

    Large variety option Cheap price Huge customer Base Volume sales

    Weaknesses of Big bazaar

    Lacks in branded products Low in product quality Unable to provide enough parking space to its customers

    Threats for Big bazaar

    Opening up of other discounted stores like Vishal mega mart Convenience of customers to near by kirana stores Availability of products in other retail outlets

    Opportunities for Big bazaar

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    To open up more and more number of big bazaars in different citiesof the country.

    To grab the rural market To bring in the customers of other retail outlet by dealing with

    branded products.

    Add more products to its product category

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    ABOUT TOPIC

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    ABOUT RETAIL

    There was a study conducted by Sales & Customer Service Department of

    Bigbazaar. According to this study the researchers find the tips to increase the

    impulsive sales of the flowers. The findings of the study were:

    Tips for Boosting Sales:

    Creating variety in the department with frequent changes of display and movement of

    regularly sold merchandise also entices customers. Recognizing items that typically make

    a minimal contribution to sales and replacing them with items that create "sales appeal"

    increases the likelihood of sales. Displays that tie in with a national slogan or storewide

    theme generate interest, as do displays that highlight special products and services.

    Tip 1: use color to create original, eye-catching displays. Tip 2: use themes to create interest in unusual products and renew interest in

    everyday items.

    Tip 3: keep undecorated plants available to attract consumers who are buying for

    themselves.

    Tip 4: create displays that emphasize special products or services.

    Tip 5: change stock and displays often so consumers are drawn into the

    department each week.

    Tip 6: be flexible enough to change an item or arrangement that isnt selling.

    Tip 7: have a person on hand to provide information and assistance at all times.

    Tip 8: create a friendly, comfortable atmosphere with accessible displays that

    encourage browsing.

    Tip 9: offer only quality plants and floral arrangements.

    Tip 10: situate the department so that customers know where it is and can see it

    from most areas of the store.

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    The Kano et al. (1996) model of customer satisfaction classifies product attributes based

    on how they are perceived by customers and their effect on customer satisfaction (Kano,

    Serakuet al. 1996). According to the model, there are three types of product attributes that

    fulfil customer satisfaction to a different degree: 1) basic or expected attributes, 2)

    performance or spoken attributes, and 3) surprise and delight attributes.

    A competitive product meets basic expected attributes, maximises performances

    attributes, and includes as many excitement attributes as financially feasible. In the

    model, the customer strives to move away from having unfulfilled requirements and

    being dissatisfied

    The performance or spoken attributes (the central line of the model) are those expressed

    by customers when asked what they want from the product. Depending on the level of

    their fulfilment by a product or a service these requirements can satisfy or dissatisfy

    consumers.

    The basic or expected attributes (lower curve in the model) are basic attributes, which

    customers take for granted and they are so obvious that they are not worth mentioning.

    While the presence of these attributes is not taken into account, their absence is very

    dissatisfying.

    The surprise and delight attributes (upper curve in the model) lay beyond customers

    expectations. If they are present they excite the customer, but their absence does not

    dissatisfy, as customers do not expect them.

    A successful combination of expected and exciting attributes provides a company with an

    opportunity to achieve competitive advantage. A successful company will correctly

    identify the requirements and attributes and use them to document raw data, user

    characteristics, and important service or product attributes.

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    To make information about the identified requirements about attributes understandable

    and useful for designers, a so-called Quality Function Deployment (QFD) approach is

    often being used. The goal of QFD is to assure that the product development process

    meets and exceeds customer needs and wants and that customer requirements are

    propagated throughout the life cycle of the product. The approach uses a number of

    matrices, which help translating customer requirements into engineering or design

    parameters, specifying product features, manufacturing operations and specific

    instructions and cont rols. QFD allows for the minimising of errors and the maximising

    of product quality for customers. The approach is probably the only existing quality

    system with such strong orientation to customer satisfaction.

    Innovation framework

    The process of adopting new products has also been studied within innovation adoption

    literature, and in particular the Rogers (1995) innovation framework. The framework

    suggests five steps, through which an adopter goes to the adoption of a new product or a

    service (Rogers 1995: 36):

    first knowledge of an innovation forming an attitude toward the innovation decision to

    adopt or reject implementation of the new idea confirmation of this decision Rogers

    model closely resembles the customer satisfaction model by Engel et al. (1995), see

    (Figure 3). The first knowledge is acquired when an individual is provided with the

    information about the innovation. The attitude is formed evaluating the features of

    innovation and a resolution on accepting or rejecting the product follows. Implementation

    corresponds to the consumption and confirmation refers to the need to reaffirm the

    decision about the innovation adoption.

    Rogers also maintained that people accept innovation differently, depending on their

    personality, their innovativeness, and interpersonal communication, and according to this

    could be classified into innovators, early adopters, early majority, late majority, and

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    laggards (Figure 6). Innovators seek newness and value the time period that is passed

    since the product launch. Laggards seek reassurance and confirmation about product or

    service qualities through interpersonal communication and word-of-mouth.

    A large number of studies have analysed the differences between earlier and later

    adopters based on socio-economic, demographic, cultural, or psychological criteria

    (Tornatsky, Eveland et al. 1983), (Gatignon and Robertson 1985), (Frank, Sundqvist et al.

    2001),

    Economists, for example, suggest that for social innovation to take place, innovators

    should first accept innovation and then create institutional framework that would trigger

    the acceptance of new practices. For the laggards to join in another mechanism the

    desire not to be left out of the group can be used to speed up dissemination of more

    sustainable practices.

    Besides adopter categories, Rogers also identified a range of factors affecting the rate of

    adoption:

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    RESEARCH METHODOLOGY

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    Research methodology

    Research methodology

    Research means a search for knowledge or gain some new knowledge and methodology

    can properly refer to the theoretical analysis of the methods appropriate to a field of study

    or to the body of methods and principles particular to a branch of knowledge. Research

    Design : A research design is the arrangement of conditions for the collections and

    analysis of data in a manner that aims to Once to research purpose with economy in

    procedure.

    Universe

    Descriptive Research Design:-

    Descriptive research studies are those studies which are concerned with described the

    characteristics of particular individual. In descriptive as well as in diagnostic studies, theresearcher must find be able to definite clearly, what he wants to measure and must find

    adequate methods for measuring it along with a clear cut definition of population he

    wants to study. Since the aim is to obtain complete and accurate information in the said

    studies, the procedure to be used must be carefully planned. The research design must

    make enough provision for protection against bias and must maximize reliability, with

    due concern for the economical completion of the research study.

    I have choosen descriptive research descriptive research design which is well structured.

    The objectives of such is to answer the who, what, when and how of the subject under

    investigation.

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    The universe of the study is Meerut.

    Sample Unit

    The sample unit pertaining to the study is 100 respondents of Meerut.

    Sample Size

    The sample size of 100 served the purpose of the study.

    Sample Method

    The sampling method used is non-probability convenience sampling

    Methods of data collection

    Data collection

    The word data means any raw information, which is either quantitative or qualitative in

    nature, which is of practical or theoretical use. The task of data collection begins after a

    research problem has been defined and research design chalked out. While deciding

    about the method of data collection, the researcher should keep in mind that there are two

    types of data primary and secondary.

    Primary data

    This is those, which are collected afresh and for the first Time, and thus happen to be

    original in character. There are many ways of data collection of primary data like

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    observation method, interview method, through schedules, pantry Reports, distributors

    audit, consumer panel etc. The Team Managers and employees of both the Department

    were consulted to get information about procedure of both the online and off line share

    trading. But the method used by us for the primary data collection was through

    questionnaires.

    Questionnaire method

    For the collection of primary data I used questionnaire method. A formal list of questions,

    which

    are to be asked, is prepared in a questionnaire and questions are asked on those bases.

    There are some merits and demerits of this method. These as under: Merits:

    1. Low cost even when universe is large.

    2. It is free from bias of interviewer.

    3. Respondents have proper time to answer.

    4. Respondents who are not easily approachable can also be reachable.

    5. Large samples can be made.

    Secondary data

    These are those data, which are not collected afresh and are used earlier also and thus

    they cannot be considered as original in character. There are many ways of data

    collection of secondary data like publications of the state and central government, reports

    prepared by researchers, reports of various associations connected with business,

    Industries, banks etc. And the method, which was used by us, was with the help of reports

    of the company.

    Sample Size

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    I have met 100 people, to know about their perception regarding companies and there

    policies after that I have taken 25 People they have fill up the questionnaire and given

    response.

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    DATA ANALYSIS

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    DATA ANALYSIS & INTERPRETATION

    Income wise distribution of customers coming to big bazaar

    Analysis: The above diagram shows the distribution of income level of customers

    coming in to big bazaar. Among the 100 respondents 50% of customers are of middle

    income level that is between Rs20000 60000. Least number of customers visiting Big

    bazaar are the higher income level people that constitute only 5%. The lower income

    INCOME GROUP

    5%

    50%

    20%

    25% Higher Income

    Group

    Middle Income

    Group

    Lower Income

    Group

    No Income Group

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    level of people coming to big bazaar constitutes of 20%. 25% of people belong to no

    income group which mostly consists of students.

    Interpretation: Big bazaar is the hub of shopping for middle level income group

    people because of its reasonable price on its each product

    category. The higher-level income group people dont prefer to do shopping in big

    bazaar, as it doesnt deal with branded products. The higher-level income group people

    are very status conscious and their psychology is such type that they dont prefer much to

    visit big bazaar, as it is a discounted store. The lower income group people come in to big

    bazaar as they get goods at a discounted price. Hence big bazaar should include branded

    products in its product category, which will encourage higher income group people to

    come in to big bazaar. Probably not much of lower income group people come to big

    bazaar as they dont like to have any shopping experience rather they just go fornear by

    store where they can get their necessity goods. Even they purchase goods on a regular

    basis on a small quantity. So they dont have much interest to come to big bazaar and do

    shopping.

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    Purpose behind visiting big bazaar

    Festival Shopping

    60Outing 10Both 30

    Analysis: Out of the 200 respondents 60% of respondents visit big bazaar for

    shopping, 10% for outing and 30% visit big bazaar for both the purposes.

    Interpretation: From this I interpret that big bazaar is purely a shopping complex

    but it also facilitates a certain kind of ambience and decorum to the people that they also

    visit it for the purpose of outing. The infrastructure and ambience of big bazaar is so that

    people even like to go there even also they dont have to purchase anything. People enjoy

    doing shopping in big bazaar. This is very nice for it as often customers purchase some

    goods while moving I the building.

    PURPOSE

    60%

    10%

    30%

    Shopping

    Outing

    Both

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    1. How frequently do you visit Big Bazaar in Festival Season?ONCE 23TWICE 32

    DEPEND 20

    ON DEMAD 25

    Hence Customer visit frequently to market as customer has to

    purchase many items during festival season

    ONCE

    TWICE

    DEPEND

    ONDEMAND

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    2. Apart from Big Bazaar do you intend to visit any other retail outlet in a Mall during

    festival season?

    a) Yes b) No

    yes 75

    no 25

    Hence 75 % mean majority of the customer like visit other retail

    outlet also so during festival season it is nor necessary that allcustomer will come to big bazaar only

    yes

    no

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    3. If yes then what are the other retail outlets do you intend to visit in a mall?

    a) Garment Outletb) Footwear Outletc)

    Food Court

    d) Entertainmente) Gift Cornerf) Jeweler and Watches storeGarment Outlet 20

    Footwear Outlet 5

    Food Court 10

    Entertainment 10

    Gift Corner 10

    g) Jewellery and Watches store 45

    Hence it is obvious that customer all item in festival season but

    jewellary and gift item are purchase more by them.

    garment

    footwear

    entertainment

    gift

    jewellary

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    6. What is the purpose behind visiting Big Bazaar During Festival Season?Festival Shopping 70

    Outing 23

    Dating 7

    Interpretation: Hence above chart show that most of the

    customers have single object to purchase for festival.

    0

    10

    20

    30

    40

    50

    60

    70

    Response

    Festival Shopping

    Outing

    Dating

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    7. On an average how much amount of money do you spend in a visit to Big BazaarDuring Festival Season?

    Below 500 12

    5001000 2010001500 10

    15002000 30

    More than 2000 28

    Interpretation: Hence above chart show that most of the

    customers have do high purchasing at festival season..

    below 50

    500-1000

    1500-2000

    more than 2000

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    6. Do you purchase goods because of heavy discount in festival season

    yes 70

    no 30

    Interpretation: Hence above chart show that customers are

    attracted by discount sale during festival season

    yes no

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    FINDINGS

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    FINDINGS

    .

    After analysis data collected by me at big bazaar mall this is clear

    that foot fall of customers is more because of discounts and

    festival buying. All age group of people visit big bazaar.

    More and more people do heavy buying during festival season

    Big bazaar is a major shopping complex for todays customers. It is a place where

    customers find variety of products at a reasonable price. Big bazaar has a good reputation

    of itself in the market. It has positioned itself in the market as a discounted store. It holds

    a huge customer base. The majority of customers belong to middle class family. The

    youth generation also likes shopping and moving around big bazaar. Volume sales

    always take place in big bazaar. Impulse buying behavior of customers comes in to play

    most of the times in big bazaar.

    Big bazaar is a hypermarket as it provides various kinds of goods like apparels, grocery,

    stationary, food items, electronic items, leather items, watches, jewellery, crockery,

    decorative items, sport items, chocolates and many more. It competes with all the

    specialty stores of different products which provide goods at a discounted rate all through

    the year. It holds a large customer base and it seemed from the study that the customers

    are quite satisfied with big bazaar. As of now there are 34 big bazaars in different cities

    of India, it seems that there is a vast growth of big bazaar lying as customers demand is

    increasing for big bazaars.

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    Big bazaar is a hypermarket store where varieties of products are being sold on different

    product category. It has emerged as a hub of shopping specially for middle class people.

    Different types of products starting from a baby food to pizzas all are available under one

    roof. In Meerut it is the middle class people who mostly do marketing from big bazaar.

    Even most of the people do their monthly shopping from big bazaar.

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    CONCLUSION

    Festivals are important part of Indian people. People celebrate

    many festivals like Holi , Dewali and EID etc. During festival

    people get together with their family and visit market and purchase

    things they have planed whole year.

    People do heavy buying during festival season so retail store like

    big bazaar should planned their products and discounts before

    festival so that publicity can attract more and more foot falls

    during festival.

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    Recommendation & Suggestions

    Big bazaar should provide large parking space for its customers so that they caneasily park their vehicles.

    Big bazaar should include more of branded products its product category so as toattract the brand choosy people to come in to big bazaar.

    It should make different cash counters for different customers. Cash counter andcredit card payment counter should be placed differently in order to reduce the

    rush and save the customers time. This will be a kind of motivator for the

    customers of big bazaar.

    The service of the sales person is needed to be improved. Personal care should betaken by the sales person for the customers so that the customers feel good.

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    LIMITATIONS

    Limited time available for interviewing the respondents. As a result of this it wasnot possible to gather full information about the respondents.

    When I interviewed children and teenagers, sometimes they use togive answers under the influence of their parents or elders.

    As summer training is going under summer season so sometimespeople are less interested in filling up questionnaire.

    Sometimes the problem which I face is language problem for which I have tomake them understand.

    Non-cooperative approach and rude behavior of the respondents.

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    If the respondents answer does not falls between amongst the options given then itwill turn up to be a biased answer.

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    BIBLIOGRAPHY

    BIBLIOGRAPHY

    BOOKS:

    Kotler, Philip (2004)Marketing Management, Eleventh Edition (New Delhi: Prentice Hall of India)

    Kothari, C.R (1999)Research Methodology (Delhi: Global Business press)

    S.L. Gupta and V.V. Ratna (2004)Advertising and Sales Promotion Management, First Edition (New Delhi: Sultan

    Chand & Sons)

    JOURNALS/ MAGAZINES:

    Indian Journal of MarketingVolume xxxiv (Oct 2007) Indian Journal of ManagementVolume xxxv (March 2009) Survey of Indian IndustriesThe Hindu (2007)

    NEWSPAPER:

    Times of India (March 1, 2009) Times of India (March 9, 2009)

    WEB SITES:

    www.bigbazaar.com

    http://www.bigbazaar.com/http://www.bigbazaar.com/http://www.bigbazaar.com/
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    APPENDICES

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    APPENDICES

    QUESTIONNAIRE

    Personal Query

    1. Name: -2. Age: -3. Sex: -4. Location/Address: -5. Qualification: -6. Profession: -7. Whats your monthly income?

    a) Below 10,000b) 10,00020,000c) 20,00040,000d) 40,00060,000e) More than 60,000

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    Questionnaire prepared for customers of Big Bazaar to sasfy my objectives

    8. Apart from Big Bazaar do you intend to visit any other retail outlet in a Mallduring festival season?

    a) Yes b) No

    9. If yes then what are the other retail outlets do you intend to visit in a mall?a. Garment Outletb. Footwear Outletc. Food Courtd. Entertainmente. Gift Cornerf. Jewellery and Watches store

    10.What is the purpose behind visiting Big Bazaar During Festival Season?a. Festival Shoppingb. Outingc. Dating

    11.On an average how much amount of money do you spend in a visit to Big BazaarDuring Festival Season?

    a. Below 500b. 5001000c. 10001500d. 15002000e. More than 2000

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    12. Do you go with a planned list of products to be purchased from Big Bazaar During

    Festival Season?

    a) Yes b) No

    13. Do you purchase goods because of heavy discount in festival season

    (a) Yes

    ( b) No