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INDUSTRY PROFILE
RETAIL INDUSTRY
The Retail bazaar is booming beyond everyones expectation. The Retail sector has caught
the worlds imagination in the last few years. Retail growth was largely driven by increasing
disposable incomes, favourable demographics, changing lifestyles, growth of the middle class
segment and a high potential for penetration into urban and rural markets. The organized
retail sector accounts for 5 % which is expected to grow to 10 % by the end of 2011.
A number of large corporate houses like Aditya Birla , Bharti , Reliance ,Pantaloons ,Vishal,
Tata Retail, RPG, Raheja's and Piramals's have diversified to add retail to their sector
portfolio. This study revolves around the opportunities and challenges faced by organized
retail players in India. It was found that organized retailers see competition from the
unorganized sector as their biggest challenge, followed by competition between organized
retailers and the inefficiency of distribution channels, internal logistical problem and retail
shrinkage.
Bharti, Reliance, Future Group (Big Bazaar), Vishal, Tata's, RPG, Raheja's and Piramals's
have already made
their foray into this arena, with beauty and health stores, supermarkets, self-service music
stores, new age book stores, everyday low price stores, computers and peripherals stores,
office equipment stores and home/building construction stores. Today organized players have
attacked every retail category.
Organized retail chains comprise only 3% of the Indian market. Rest 97% market is
comprised of mom-and pop type shops. Now the number of organized retail stores is
gradually increasing. According to ETIG (Economic Times Intelligence Group), the size of
the organized retail industry was about Rs. 160 billion in 2001-02. In 2005 budget
Government has allowed 26% Foreign Direct footwear, furniture and furnishing, catering
services, jewellery and watches, books, music and gifts, mobile handsets and others
Investment (FDI) in the retail sector. Organized retailing is on continuous increase of its
market share from the past. Retailing can be categorized as of different sectors like food and
groceries, clothing and textiles, consumer durables, footwear, furniture and furnishing,
catering services, jewellery and watches, books, music and gifts, mobile handsets and others.
COMPANY PROFILE:
Big Bazaar is a chain of hypermarket in India. As of June 2, 2012 there are 214 stores across
90 cities and towns in India covering around16 million sq. feet of retail space. Big Bazaar is
designed as an agglomeration of bazaars or Indian markets with clusters offering a wide
range of merchandise including fashion and apparels, food products, general merchandise,
furniture, electronics, books, fast food and leisure and entertainment sections.
Big Bazaar is part of Future Group ,which also owns the Central Hypermarket, Brand
Factory, Pantaloons, e-zone, Hometown, futurebazaar.com, KB's Fair Price to name a few
and is owned through a wholly owned subsidiary of Pantaloons Retail India Limited, that is
listed on Indian stock exchanges.
Big Bazaar was launched in September, 2001 with the opening of its first four stores in
Calcutta, Indore, Bangalore and Hyderabad in 22 days. Within a span of ten years, there are
now 161 Big Bazaar stores in 90 cities and towns across India.
Big Bazaar was started by Kishore Biyani, the Group CEO and Managing Director of
Pantaloons Retail India. Though Big Bazaar was launched purely as a fashion format
including apparel, cosmetics, accessory and general merchandise, over the years Big Bazaar
has included a wide range of products and service offerings under their retail chain.
The current formats include Big Bazaar, Food Bazaar, Electronic Bazaar and Furniture
Bazaar. The inspiration behind this entire retail format was from Saravana Stores, a local
store in T. Nagar, Chennai
The stores are customized to provide the feel of mandis and melas while offering the modern
retail features like Quality, Choice and Convenience. As the modern Indian family's favourite
retail store, Big Bazaar is popularly known as the "Indian Wal-Mart".
On successful completion of ten years in Indian retail industry, in 2011, Big Bazaar has come
up a new logo with a new tag line: Naye India Ka Bazaar, replacing the earlier one: 'Isse
Sasta Aur Accha Kahin Nahin'.
E-tailing
Food
Fashion
Home Solution
General Merchandise
Footwear
Electronics
Children Accessories
Crockery.
OPERATIONS
Most Big Bazaar stores are multi-level and are located in stand-alone buildings in city centers
as well as within shopping malls. These stores offer over 200,000 SKUs in a wide range of
categories led primarily by fashion and food products. A typical Big Bazaar is spread across
around 50,000 square feet (4,600 m2) of retail space. While the larger metropolises have Big
Bazaar Family centres measuring between 75,000 square feet (7,000 m2) and 160,000 square
feet (15,000 m2), Big Bazaar Express stores in smaller towns measure around 30,000 square
feet (2,800 m2). Big Bazaar has the facility to purchase products online through its official
web page, and offers free shipping on some of their products
Innovations:
Wednesday Bazaar
Big Bazaar introduced the Wednesday Bazaar concept and promoted it as Hafte Ka
Sabse Sasta Din. It was mainly to draw customers to the stores on Wednesdays,
when least number of customers is observed. According to the chain, the aim of the
concept is "to give homemakers the power to save the most and even the stores in
the city don a fresh look to make customers feel that it is their day".
Bazaar, Food Bazaar, Electronic Bazaar and Furniture Bazaar - catering to the entire
needs of a consumer.
The Great Exchange Offer
York and Emerging Retailer of the Year award at the World Retail Congress held in
Barcelona.
2008
Big Bazaar becomes the fastest growing hypermarket format in the world with the
launch of its 101st store within 7 years of launch
Big Bazaar dons a new look with a fresh new section, Fashion@Big Bazaar
Big Bazaar joins the league of Indias Business Super brands. It is voted among the
top ten service brands in the country in the latest Pitch-IMRB international survey
Big Bazaar initiated the Mega Saving "Monthly Bachat Bazaar" campaign, to
provide exceptional deals on groceries and food items during the first week of every
month.
2009
Big
Bazaar
opens
its
second
store
in
Assam
at
Tinsukia
Big Bazaar initiates Maha Annasantarpane program at its stores in South India a
unique initiative to offer meals to visitors and support local social organizations
Big Bazaar captures almost one-third share in food and grocery products sold
through modern retail in India. Mahendra Singh Dhoni and Asin, youth icons of
India, were chosen as the brand ambassadors of Big Bazaar
Big
Bazaar
announced
the
launch
of
'The
Great
Exchange
Offer'
Formed a joint venture with Hidesign to launch Holii, a new brand of handbags,
laptop bags and other accessories.
2010
Future Value Retail Limited is formed as a specialized subsidiary to spearhead the
groups value retail business through Big Bazaar, Food Bazaar and other formats.
Big Bazaar wins CNBC Awaaz Consumer Awards for the third consecutive year.
Adjudged the Most Preferred Multi Brand Food & Beverage Chain, Most Preferred
Multi Brand Retail Outlet and Most Preferred Multi Brand One Stop Shop
Big Bazaar connects over 30,000 small and medium Indian manufacturers and
entrepreneurs with around 200 million customers visiting its stores
Big
Bazaar
opens
its
third
store
in
Kanpur
at
Square
Mall
Big Bazaar opens its fourth store in Kanpur at Jajmau which is the largest leather
tannery garrison of Asia
Vidya Balan was chosen as the brand ambassador of Big Bazaar's Price Challenge
exercise. Ranked 6 among the Top 50 Service Brands in India.
2011
Big Bazaar forays into the rural wholesale and distribution business through
Aadhaar Wholesale store at Kalol, Gujarat.
Big Bazaar has come up a new logo with a new tag line: Naye India Ka Bazaar.
200th store opened in India
Future Group has launched its latest venture, Food hall a premium food destination
across 10 metros in India For the convenience of the online customers, Big Bazaar
has started free shipping on all orders above Rs. 1000 Entered into an agreement
with Hindustan Unilever to co-develop and co-brand bakery products, which would
be sold exclusively at Big Bazaar stores.
2012
It deals with Cognizant Technology Solutions for IT infrastructure services that
support Future Group's network of stores, warehouses, offices, and data centers.
It was partnered with Disney to launch "Kids Cookies", exclusively for
kids across India.
Big Bazaar is planning to add further value to its retail services by
offering Value added services like grinding, de-seeding, vegetables
cutting at free of cost.
GROUP VISION
To deliver Everything, Everywhere, Every time to Every Indian Consumer in the most
profitable manner.
1.
We share the vision and belief that our customers and stakeholders shall be served only
by creating and executing future scenarios in the consumption space leading to economic
development.
2.
We will be the trendsetters in evolving delivery formats, creating retail realty, making
consumption affordable for all customer segments for classes and for masses.
3.
4.
PROMOTIONAL MIX
The purpose of advertising is to promote a product or service in order to increase sales and
create a branding of the product so that a customer loyalty base will be established. Without
an effective and targeted advertising, a business cannot succeed. There are many types of
advertising a business can utilize in effort to increase their sales. The following lists a number
of types of advertising available to businesses: Television and Radio Since television was
first introduced; businesses have had tremendous success using it as an advertising medium.
This is due to the increase in consumers watching television.
The cost of television depends on the time of day or night one advertises, the popularity of
the television show (how many viewers,) and the length of the advertisement. Television
advertising can reach millions of people. Radio advertising is a traditional advertising format
that uses voice and jingles. Print this includes newspapers, magazines, fliers, brochures Etc.
Placing advertisements in magazines and newspapers are an age old method of advertising.
Newspapers and the magazines sell the advertising space.
Prices depend on location, size, graphics, and color. Advertising success often depends on the
number of subscribers. Print advertising allows a business to target a specific demographic.
Fliers and brochures are a great way to advertise sales and launch special product promotion
programs. Internet advertising online advertising consists of small ads, banner ads, text ads,
video ads, pay-per-click advertising, and reciprocal linking to other websites.
The effectiveness of online advertising depends on exposure and how many people actually
view the advertisement. Internet advertising allows the advertiser to track the number of
impressions an ad gets (how many people see it), and how many visits their business website
receives from particular ads, making it simple to find out what kind of conversion rates the
advertisers are obtaining. Online advertising does not have anytime restraints and can be
viewed day and night throughout the world. Businesses also have their own websites as an
advertising tool.
Promotion is one out of four basic instruments of marketing that has the purpose to inform
about other instruments of marketing mix and to contribute to sales increase on the long term.
The promotion is always serving to specific goal. These goals can be public informing,
ADVERTISEMENT
Advertising or advertizing is a form of communication for marketing and used to
encourage, persuade, or manipulate an audience (viewers, readers or listeners;
sometimes a specific group) to continue or take some new action. Most commonly,
the desired result is to drive consumer behavior with respect to a commercial offering,
although political and ideological advertising is also common. In Latin, ad vertere
means "to turn the mind toward.
Online advertising
Online advertising is a form of promotion that uses the Internet and World Wide Web for the
expressed purpose of delivering marketing messages to attract customers. Online ads are
delivered by an ad server. Examples of online advertising include contextual ads that appear
on search engine results pages, banner ads, in text ads, Rich Media Ads, Social network
advertising, online classified advertising, advertising networks and e-mail marketing,
including e-mail spam.
In-store advertising
In-store advertising is any advertisement placed in a retail store. It includes placement of a
product in visible locations in a store, such as at eye level, at the ends of aisles and near
checkout counters (aka POPPoint Of Purchase display), eye-catching displays promoting a
specific product, and advertisements in such places as shopping carts and in-store video
displays.
Celebrity branding
This type of advertising focuses upon using celebrity power, fame, money, popularity to gain
recognition for their products and promote specific stores or products. Advertisers often
advertise their products, for example, when celebrities share their favorite products or wear
clothes by specific brands or designers. Celebrities are often involved in advertising
campaigns such as television or print adverts to advertise specific or general products. The
use of celebrities to endorse a brand can have its downsides, however. One mistake by a
celebrity can be detrimental to the public relations of a brand.
SALE PROMOTION
TARIKH, Wednesday Bazaar, monthly saving bazaar, power of ten.
PERSONAL SELLING
DIRECT MARKETING
Public relation is the planned and sustained effort to establish and maintain goodwill and
mutual understanding between an organization and its target customers
through mass media like television, radio, newspaper etc. is above the line promotion.
The terms below-the-line-promotion refers to forms of non-media communication,
OBJECTIVES:
OBJECTIVE OF STUDY
Primary objective :
The primary objective is to know the Impact of Promotion Mix of Big Bazaar on
Consumer in Surat City
Secondary objective:
1. To analyze how the mix influence the customer satisfaction level.
2. To determine the current status of big bazaar.
3. To study the satisfaction level of customers with regard of big bazaar.
4. To find out the buying behavior of the customers coming in to Big Bazaar.
5. To identify awareness of promotional activities of Big Bazaar with regard to services.
In brief, the objective of this Study is to Show that What a Good Super Market requires
for making its Establishment Eye Caching and Continue to fulfil its Commitment for
Quality and Better Consumer services.
IMPORTANCE OF STUDY
It will help us to know the impact of promotion mix of big bazaar on consumers.
This could be anything from selling issue or service issue and even more.
All business undertaking operates in the world of uncertainty. There is no unique method,
which can entirely eliminate uncertainty. But my point of choosing any literature research
paper, more than any other procedure, was the one which could minimize the degree of
uncertainty. Thus it reduces the probability of making a wrong choice amongst alternative
courses of action. This is particularly significant in the light of increasing competition and
growing size, which make the task of choosing the best course of action difficult for any
business enterprise. I decided to select the paper which showed the way to systematically
solve the research problem.
A systematic approach is essential in good research. Performance results from the interaction
of physical financial & human resources.
The first two are inanimate they are translated into productivity only when the human
element is introduced. However, the human element interjects a variable over which a
management has a limited control. When dealing with the inanimate factors of production, a
management can accurately predict the input-output relationship and can even vary the factor
it chooses in order to achieve a desire rate of production. In dealing with employees,
however, an intangible factor of will, volition or freedom of choice is introduced, and
workers can increase or decrease their productivity as they choose. This human quality gives
rise to the need for positive motivation.
Literature Reviews:
S. Deepa & Dr. P. Chitramani (2013):
The present study focuses on brand building strategies of the retail stores which fall under
the hypermarket format in the city. Branding is considered as one of the important means in
establishing and maintaining competitive advantage by most of the companies in various
industries.
full of imitators and followers, differentiation is a means to ensure competitive advantage and
sustainability. Despite of the market trends and developments, a common phenomenon that
can be observed in the retail industry is that new entrants prefer to copy existing models
rather than innovating with a unique differentiation and one that has not already been
experienced by end users.
minds(Akasie 2000). This shows the importance of brand building efforts in any industry.
Thu It is evident that Indian Traditional Grocery Stores (TGS) are perceived positively by
buyers on many retail attributes and it gives these stores sustenance against the onslaught of
organised stores. These stores need to work on strengthening the relationship with the buyers
by creating trust amongst its buyers by putting extra efforts in knowing and interacting with
their regular customers as the Store Relationship is the most important factor of buyers
perception that gives these traditional stores a competitive advantage against organised
grocery stores. Also this Store Relationship cannot be matched by the organised stores as the
personal touch and relationship that is possible in traditional grocery retailing cant be
replicated due the basic nature of organized retailing. The store personnel which include the
owner can also create a patronage by creating good and courteous impressions. In fact the
store personnel is mainly responsible for the relationship and trust that creates the sustained
patronage for these traditional stores. The only requirement for these retailers is that they
need to guide and focus their store personnel to have a relationship orientation towards their
regular customers and trained them to be vigilant in knowing their regular customers. The
store promotion is one dimension where the stores have to work more creatively so as to
compete against the promotion done by the organized stores but they should avoid the overt
and very visible promotions as they are not supposed to offer the kind of fancy promotion
because the customers perceive them to be realistic provider of limited but relevant grocery
products on a reasonable pricing. They are received favourably on quality and selection of
merchandise so they in fact may not be needed to expand their assortments excessively rather
they have to be focused in their merchandise assortment and should use their understanding
of the regular buyers to specialize their assortment as per the local needs. Store service also
comes out a strong factor of buyers perception and the attribute included was Home
Delivery, which indicate that these stores need to work on this attribute also this can again
be a differentiating factor with organized retailers as the Home Delivery does not seem to
be possible from the organized stores. The next important factor of Store Location is a
factor that has been assumed by the buyers to be present in case of traditional grocery stores
mostly being near to residence or office. Not all organized retailers can match this
competence of traditional stores and which gives them sustained survival against organized
retailers. Store Routine as the seventh important factor indicates that groceries buying from
these traditional grocery stores are also considered to be regular repetitive activities which
mean every time the store decision has not been reconsidered and buying grocery becomes
some kind of mechanical activity. This also indicates that traditional stores are strong in the
domain of grocery purchase as this is perceived as one of the routine kind of activity to be
done with minimum of efforts. So grocery buying becoming routine activity and combined
with Store Location gives these traditional grocery stores tremendous advantage vis--vis the
organized stores as for routine purchase customer will prefer a store which is located at a
convenient place. s taking brand building activity seriously is the major concern for the
organized retailers who are focusing to introduce more stores in coming years. The objectives
of this study were to investigate the customer satisfaction with The Thing respect to sales
promotion mix in shopping malls and to study variations in customer satisfaction with respect
to sales promotion mix.
Variables:
Authors
Title
Journal
Variable
Results
Conversion of
Consistent
Promotion in
Brand Equity
(Product
assortment,
discount
purchases,
exchange
offers, and
special
occasion
offers).
Provides better
service to the
modern Indian
middle class
families with
its various and
continuous
promotional
offers
Demographic
Structure,
Retail, Buyer,
Perception,
Grocery, Store,
Attributes
People of Age
Group 20-40
Years Specially
in them
Women Prefer
to have Such
Atmosphere of
free gifts with
Shopping and
All Things at
one Place
Year
2013
2013
Brand
Building of
Retail Stores
Contemporary
Research in
Management
Buyers
Perception of
Important
Retail Store
International
Journal of
Marketing &
Business
Communication
2014
customer
satisfaction,
sales
promotion mix,
shopping
malls,
organized
retailing
(Buy one Get
one Free and
Scratch Card
Scheme)
Founded
effective
combination
of sales
promotion mix
which can be
applied by
shopping
malls for
females or
males
2013
Consumer
behaviour and
pricing
strategies in
retail
Sumedha
Journal of
Management
Pricing
Strategies,
Consumer
behaviour,
Free Home
Delivery
2010
The effect of
retail service
quality
and product
quality on
customer
loyalty
Database
Marketing &
Customer
Strategy
Management
(Palgrave
journals)
Customers
tendency
towards mall
Culture (retail
service quality,
product
quality,
customer
loyalty)
(store location,
prices,
promotion
activities,
after-sales
services)
Identified
Consumer
Preferences,
Came up with
innovative
ways to induce
their
customers.
Appropriate
investments
and
Strategies were
formulated
Results:
The Conclusion from the detailed analysis can be made that the People of Age Group 20-40
Years especially in them Women Prefer to have Such Atmosphere of free gifts with Shopping
and All Things at one Place. Where free Home Delivery is Available it encourages them to
buy more without worrying of how to carry it till Home? And Super Market gave them
Assurance that Product Purchased by them is not of Substandard Quality. The Best Thing to
Lure the Customer is to Free Gifts like Buy one Get one Free, Scratch and Win Offer, Gift
Vouchers, or Vouchers of Discount on Next Purchase, etc. People wish to Give their Luck a
Chance are easily tempted to such offers and meet minimum purchase condition to win. Days
were gone when People to prefer to stand in Sunlight and Get their grocery for saving Few
Bucks and Also People Come to know that their purchase make entire money of Shop as
Black Money. Hence Firstly get Fully Sir Conditioned and Comfortable Environment to stay
with and Secondly Assurance of getting Government its tax Portion by Mechanism of Proper
Billing.
Gap:
Though the Best Literature I Selected for Review for Still There is Lacking of Concepts like
at What Extent it is Successful in India like Historic Past Success and Failures of
Supermarket in India or a Particular City to get Proper Idea for Situation of Establishing
Super Market in that Area. Later on to Consider the Significance impact of Online Shopping
of Grocery that is Trending these days like Bigbasket.com and Localbaniya.com