Beruflich Dokumente
Kultur Dokumente
Of the
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PREFACE
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“MALL MANAGEMENT: GOOD, AVERAGE
AND BAD IN THE GREAT INDIA PALACE”
ACKNOWLEDGEMENT
endless effort & immense degree of toil by many great minds. It was
express heartiest thanks to our guide MR. Abhijeet Sen And Govind
project.
EXECUTIVE SUMMARY
The Indian retail market is expected to continue its growth trajectory into
2010.Mall management has been identified as a critical factor for the
success of malls and the retail industry across the world. Mall
management broadly includes mall positioning, zoning, tenant mix,
promotions/marketing and facility/finance management. Currently, the
Indian retail market lacks designated mall management firms. Large real
estate developers and retail chains either have their own mall
management arms operating as subsidiaries or have contractual
agreements with international property consultants. Till recently, mall
management was limited to facility management by a majority of
developers in India, leading to gaps in mall management practices. Given
the high future supply of malls and increasing competitiveness within the
Indian retail market, developers must correctly address these gaps to
ensure success.
When you shop, you aren't just shopping -- you are performing a science.
From the way you move your eyes, to what path you take through the
store, even items you touch on the shelves, is all part of how each
individual consumer makes a purchasing choice. A store nowadays is
usually intelligently designed with the aim to part consumers from their
hard-earned money, and how easy it is to be manipulated into spending
more than was planned.
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Today, shopping is becoming more a delightful activity, then merely
looking for and buying products or offerings that satisfy one’s wants. The
process of acquiring these products is all the more fascinating to many.
With the retail environment undergoing a huge metamorphosis, a
customer now is more involved in the process of seeing, choosing and
selecting what he wants, and this can be done at his own leisure, space
and time.
To get an idea of what was going on in the customer mind, a sample was
studied to know what kind of products they were looking for, if the
products were found, impulse shopping behaviour and products, which
entrances-exits were used, communication through sign ages and effect of
displays, staff approach and views on their shopping experience at GIP
Mall.
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Contents
Name Page
No.
• Introduction.................................................................................................9-10
• Problem Statement.....................................................................................14-15
A] Positioning a Mall..................17
B] Placement in a Mall................17
C] Promotions and Marketing.....17
D] Facility Management..............18
E] Finance Management..............19
• Company Profile.........................................................................................22-23
• Features.......................................................................................................24-27
• Pull Strategy..............................................................................................50-53
• Research Methodology...............................................................................54
• Limitation .....................................................................................................77
• Recommendation........................................................................................78-79
• Comments by Customers............................................................................83-84
A] Positive Comments............83
B] Negative Comments...........84
• Bibliography...............................................................................................85-86
INTRODUCTION
The revolution in retailing industry has brought many changes and also
opened door for many Indian as well as foreign players. In a market like
India there is a constant clash between challenges and opportunities but
chances favour those companies that are trying to establish themselves.
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So to sustain in a market like India companies have to bring innovative
solutions. Indian market has potential to accommodate many retail
players, because still a small proportion of the pie is organized.
In the current market scenario, both consumers and retailers have limited
choice in terms of mall shopping experience. As organised retail grows,
we expect the market to be more competitive by providing more choices
to consumers and retailers. At this point, developers will have to work
harder to create a differentiation for their product. We believe consumers
and retailers will be attracted to malls that are professionally managed,
making effective mall management a critical factor behind the success of
a mall. This white paper focuses on the internal factor: effective mall
management as a growing phenomenon in the Indian retail industry
today. The prime objective of landlords as well as of investors is to attract
shoppers and persuade them to purchase goods and services. This will in
turn boost retailers’ turnover and benefit their bottom-line.
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Retailing is still in its infancy in India. In the name of retailing, the
unorganised retailing has dominated the Indian landscape so far.
According to an estimate the unorganized retail sector has 96% presence
whereas the organized accounts for merely 4%. Industry has already
predicted a trillion dollar market in retail sector in India by 2010.
However, the retail industry in India is undergoing a major shake-up as
the country is witnessing a retail revolution. The old traditional formats
are slowly changing into more complex and bigger formats. Malls and
mega malls are coming up in almost all the places be it – metros or the
smaller cities, across the length and breadth of the country.
India GDP growth rate is a healthy 9% for 2005-06 – and this has had its
ripple effect on all industries- more so the Retail sector, of which only 3
% was organized until now. The Indian retail industry accounts for 10%
of GDP and 8% of employment. India is being touted as the next big
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retail destination with an average three year compounded annual growth
rate of 46.64%.
The Indian economy is poised to take the third position in the world in
terms of Purchasing Power Parity by the year 2010. The Indian Retail
Market is an Rs.1, 200,000 million markets as per the Images India Retail
Report 2007. Organized Retail market is zooming ahead with an annual
growth rate of 30% The Retail sector is vibrant with growth happening in
all related areas – be they malls, hypermarkets or single brand luxury
stores, they have dotted the commercial landscape of the metros, and have
even percolated to the Tier II and Tier III cities.
Food and Grocery retail holds the most potential, as almost 99% of it is
unorganised. A number of big players are entering the field of organised
food retail like Reliance, Aditya Birla Group and the Bharti Group, which
has tied up with the world’s largest retailer – Wal-Mart. All these major
players are expected to show an annual growth rate of 25- 30%.
The Retail boom has also led to the opening of a large number of single
brand outlets across the country. With big brands and bigger outlets
across all segments, from Apparel and Footwear, Watches, Books and
Stationary to Jewellery and Consumer Durables, the sweep is indeed
broad.
6. Apparel, along with food and grocery, will lead the organized
retailing in India.
PROBLEM STATEMENT
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The challenges like merchandising mix, retail differentiation, supply
chain management and also competition from supplier's brand etc.
Main Objectives:
1. What strategies the retail formats use to meet & beat the competition
within TGIP.
2. What is location of each retail format with in TGIP
Modern retailing is all about directly having "first hand experience" with
customer, giving them such a satiable experience that they would like to
enjoy again and again. Providing great experience to customer can easily
be said than done. Thus challenges like retail differentiation,
merchandising mix, supply chain management and competition from
supplier's brands are the talk of the day. One of the key observations by
customer is that it is very difficult to find the uniqueness of retail stores.
The problem: retail differentiation.
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Meghraj says that more than 90% are still not at par with the international
standards.
Mall Management will take care of the issues like positioning, tenant
mix, infrastructure facilities, the kind of environment required, and
finance management which is the most crucial part of all. Mall
management will also be highly helpful for builders and retailers.
Of the total mall space likely to be developed in India over the next two
years, the share of the Capital City has been estimated to be 22 million sq
ft. Following in footsteps will be Mumbai and Bangalore. The market
size of Indian retail sector is believed to be USD 320 billion in 2006 and
the value is expected to grow 30% to 35% by 2010. Considering the
growth of organized retail and increasing transparency in the sector, only
professional malls will be able to survive among such a fiercer
competition.
Placement in a Mall
Facility Management
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Facility management refers to the integration of people, place, process
and technology in a building. Mall Management – A Growing
Phenomenon in Indian Retail Industry It also means optimal utilisation of
resources to meet organisational needs. It broadly includes infrastructure,
ambience and traffic management. Infrastructure Management – THE
Great India place provided repairing facility to the tenants within the
mall. This includes provision of adequate power supply, safety issues in
case of emergency and water supply, sanitation, etc. These form an
integral part of mall management as they are the basic amenities that any
tenant would look for in a mall. Infrastructure management also includes
risk management issues such as essential safety measure asset liability
and environmental audits as well as emergency and evacuation training.
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• HVAC with adequate redundancy
Toilets – Separate Toilets for customers and staff. Toilets of TGIP very
clean. They clean the toilets every hour.
Finance Management
Professional financial management of a mall as a business venture is a
must. THE TGIP also covers financial management, they monitoring and
controlling of various issues such as:
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The partial foreign direct investment (FDI) relaxation in 2006 allowed
51% ownership in joint Ventures by single-brand companies in the retail
market. This triggered high international single brand Retailer interest in
the Indian retail market. Additionally, large Indian conglomerates such as
Reliance Industries and Aditya Birla Group are commencing their foray
into retailing across the country.
CASE STUDY
Company Profile
The construction of these parks will cost the company approximately Rs.
1,600 crore. And to provide specific themes for these parks, the company
has roped in Turner Inc’s Cartoon Network and Pogo.
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The park would feature over 30 different rides and various attractions.
The equipments for these parks will by supplied by European
manufacturers including Zamperla of Italy who also supply rides to
Disney, Universal Studios and Six Flags.
The company will run the Rohini Park on a trial basis while the Noida
project is expected to be operational by mid of this year. Noida will have
a built up area of 150 acres, which would be divided into two zones —
amusement park and commercial park built up area of 150 acres, which
would be divided into two zones — amusement park and commercial
park.
The company (IRPPL) was registered on 2nd Feb 2002. The idea was to
provide the Guest with a complete Entertainment Destination having
Amusement, Shopping as well as Hospitality all under one roof.
The Entertainment City: - The Great India Place and Worlds of Wonder
collectively knew as The Entertainment City. Where The Great India
Place is the second largest shopping complex in the entire country and the
Worlds of wonder is an amusement park of its own kind.
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FEATURES
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The Great India Place, Noida
The amusement park – also called Appu Ghar – about to open shortly
would be much bigger than the current “Appu Ghar” of Delhi.
Food court
An Exclusive 180,000 sqft of Food and Entertainment zone would surely
enhance Great India Place's flavour. The food court has a variety in terms
of Indian (South and North Indian) along with Chinese, Mexican,
sandwiches, pizza, burger and other such food. You get a variety of
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drinks over there (all non-alcoholic). Nirula's, Sbarro, Rajdhani, Yatra,
Noodle Bar, Food Court, Pind Balluchi, TGIF, KFC, Pizza Hut, Bembos,
Pizzaria Express, and many others.Its a perfect family mall, friends mall,
lovers mall and what not. Actually if you are with your family you can
shop at nice places and can have food at Moti Mahal, Sagar Ratna etc.
If with your friends you can shop till you drop plus you can have
food for dirt cheap price at McDonalds, Nirulas, Yo! China, Pizza
Hut etc.
If you are with your lover you can check out nice, cozy coffee
If you are more upmarket kind you can have food at TGIF, Moti
town.
Lifts and restroom are aptly placed in frequent intervals and the
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mall has an array of escalators in the beginning, middle and the
end.
WHEELCHAIR ACCESSIBILITY:
The general circulation inside the mall is leveled. The Great India
ample lifts connecting all floors of the mall. The shopping outlets
are located on all floors. The restaurants and The Food Court are
on the 3rd floor. The Adlibs multiplex also have its entrance from
GENERAL PARKING:
Parking is best done in the basement as it is connected by lift to all floors
and has a step free route till the lifts.
ADDITIONAL INFORMATION:
Wheelchairs are available from the customer care officer on the ground
floor.
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54 D & A Shoes
01 Lifestyle 29 Kazo
02 Bossini 30 Lilliput 55 Bizzare
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50 Bonton 72 Swiss Military
24 Pantaloons
25 Pantaloons 51 Hi-design 73 hallmark
28 Indigo Nation
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106 Surreal 131 Lives 151 La Lingarie
170 Zodiac
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201 Life style 227 Remanika 244 Carousel Kids
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225 Sales House 241 Lifestyle 263 Scissors
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RETAIL SEGMENTS IN GIP
• Apparel Stores
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Genesis Basics Octave Wills Lifestyle
GFO Pantaloons
Wrangler
Giovani Parx
Zardozi
Globus Pepe
Zodiac
Guess
Indigo Nation
Accessories
Kittenshoes Woodland
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Book Store
Confectionary
Cafe/Pub/Restaurant
Departmental Store
My Dollar Store
Entertainment
Adlabs
Electronics
Gifts
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Archies
Hallmark
Home furnishings
Vivid
Luggage
Samsonite
Music
Planet M
Opticals
Others
Maya Toys
Photoshop
Kodak
Saloon
Emphasis Laser
Sports Gear
Strategies:
Right Positioning
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Positioned as a trendy, youthful and vibrant brand that offers
customers a wide variety of merchandise at an exceptional value for
money.
Vision Statement: To become the leading retail group in the Middle East
and India, maintaining our constant growth through our core, value and
international brand business.
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Strong Supply Chain
The company is shortly going to launch a quarterly magazine for its Inner
Circle (loyalty program) members, which will not only talk about the
various offering within the store, but would also contain food reviews,
travel pieces and other lifestyle-related write-ups.
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ENHANCE ITS VALUE OFFERINGS
The company would enhance its value offerings to its loyalty program
members. "They are looking at offering holiday packages and executive
health check-ups and other lifestyle-related options to their Inner Circle
members. There vision is to position ourselves as a lifestyle enhancer".
DISCOUNTS ON PURCHASING
They have proper database of there regular customers. They inform their
regular customer through mails and sms (short message service) about the
new schemes and offers in the lifestyle mall, so the regular customer can
avail such benefits of offers.
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Pantaloons
Lines of Business
A) Brew Bar
The Brew Bar is a classy and refined; yet reasonable and egalitarian a
bar with loads of bonhomie.
The concept is presented in a rugged style that gives the feel of a local
tavern, where customers can pamper themselves with over 15 brands
of domestic and imported beer.
A neat glass-top bar allows you to select the preferred brands from a
display of bottles comfortably stashed into crushed ice.
b) Cafe Bollywood
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The hygiene levels are maintained high while the prices lie low. So
next time when customers are out shopping, don’t forget to grab a bite
at PRIL's very own Cafe Bollywood.
c) Chamosa
d) Food Bazaar
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blend of a typical Indian Bazaar and International supermarket
atmosphere.
The best of everything offered with a seal of freshness and purity will
definitely make the final buying decision a lot easier.
e) Sports Bar
Regular screenings of great sporting action and events makes this bar
an interesting and exciting place to spend time at.
Anchor Store:
Big Bazaar
Marketing channels
• Television
• Radio
• Gift Voucher/Couponing
• Loyalty Program
• Catalogs
Loyalty program
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• Could Be with Card or with card with an easy identifiable number
(house number) again to make the customer recognized.
Shakti Card
• Shakti is a credit card for housewives. You need not submit income
proof. Simply show your Big Bazaar bill of more than Rs. 500 and
get your Shakti Card.
• Exclusive Benefits:-
College Dhamaka
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• Big Bazaar introduces new retention scheme for college going
students in which they give special discounts to college students on
Tuesday and Wednesday
• .Gif Vouchers
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Door to Door Pamphlets
Income
Profile
Buying Behavior
• Sms Alerts
• Tree Cards
• Online Promotion
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LOYALTY PROGRAMS: A major Customer Pull Strategy
Innovation and creativity are among the key factors that define a
successful customer loyalty program, particularly in the retail sector. The
primary objective of the retailer is to keep the high-potential customer
from straying by offering a loyalty program that is unique and exciting.
That said, some underlying elements set apart the world’s most successful
retail loyalty programs from the also-rans.
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customers, purchase patterns, behavioural drivers, reward expectations,
special interests and lifestyle factors.
If there is one single factor that can decide the fate of a loyalty program,
it is the personal touch. The raison de etre of a customer loyalty program
is to make the customer feel privileged and valued. The best programs do
not stop with doling out rewards, cards and discounts. Instead, they
constantly work at building a lasting relationship with the customer
through various initiatives like customized loyalty cards, newsletters that
not only help the firm and the customer stay in touch but also create a
sense of belonging; a card or a voucher on birthdays and special
occasions and organizing members-only events. For instance, members of
Club West, the loyalty club of the Westside chain, receive an exclusive
invitation to the bi-annual sale. They have the privilege of starting their
shopping 90 minutes before the store's regular opening hour on the first
day of the sale. The chain also pampers its loyalty program members with
birthday cards, gift vouchers and special discounts. To ensure that the
relationship is a two-way affair, Westside regularly seeks feedback from
its members and ensures that complaints, if any, are dealt with promptly.
Smart rewards
Technology
Data mining
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customer, improve the product or service delivery process, from new
product development to the nitty-gritty of the marketing strategy, and
enhance the quality of business intelligence. A smart firm realizes that the
first step to customer loyalty is through customer satisfaction.
Ongoing communication
Many firms make the mistake of launching a loyalty program with great
fanfare, and then letting it drift. A loyalty program is not a one-time
affair, and definitely cannot run on its own steam. It needs a push now
and then to enliven it, and to get the customer enthused once again. The
best programs maintain an active relationship with the customer by
informing them of new developments, offers etc. and seeking their
feedback. This last bit is tricky, for customers also expect firms to act on
feedback and let them know they are taking the communication seriously.
Organizational commitment
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contribute significantly to long-term profitability, growth and
competitiveness.
RESEARCH METHODOLOGY
Research Work:
Field Work:
In-house Work:
Work in GIP:
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ANALYSIS
(CUSTOMER QUESTIONNAIRE)
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The Graff show that Mostly customers visit for the great India place for
shopping purpose. 60% customers are high potential customers for
shopping, 6% customers visit for need to eat .10% customer’s visit for
variety of outlet and 24% visit for the big cinema & entertainment
purpose.
Most of the customers who visit for the shopping purpose because
presence of Big buzzer one of the successful retail out-late we provide the
maximum sale in TGIP.
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The Graff show that most customer prefer for the shopping
reasonable product price. 34% customers are high potential customer
do you prefer for the shopping for reasonable product price, 10%
customers prefer for the shopping Variety of out late .10% customers
prefer for shopping good customer service.12% customers prefer for
shopping close to residential And 10% customers prefer for shopping
convenience of parking.
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40% customers like big bazzer & don’t forget visit for the TGIP.15%
cutomers don’t forget visit for pantaloons.13% cutomer don’t forget visit
for Globus.12% cutomers don’t forget visit for Shopper stop.10% like
lifestyle and cutomers don’t forget visit for lifestyle.6% cutomers don’t
forget visit for Marks & spencer.4% like to other store.
Most of the customers like big buzzer because Big buzzer one of the
successful retail out late we provide the maximum sale in TGIP.
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The Graff show that most customers like feature for a various
product line 57% customers are high potential customers do you like the
feature for various product line, 6% customers do you like the feature for
merchandise type.19% do you like the feature for store design.8% do you
like the feature for customers interaction. 10% do you like the feature for
store ambience.
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The Graf show that 46% customers visit TGIP for once in a week. 12%
customers visit for twice a week.22% customer visit for once in a month.
16% customers visit for the twice in a month.Only 4% customers visit for
occasionally.
Mostly customers visit for once a week and enjoy for shopping.
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The graf show that TGIP service person it well knowledge about the
product. 10 % customers interacting with courtesy sevice . 60 %
customers intracting with knowledge sevice.and only 30 % customer
intracting with cutomers service.
Big bazzer has most seccessful barand in TGIP and employes are well
trained & knowledgable.
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The graf chart shows that most consumer purchase for apparals.46 %
consumers purchase for apparels. 18 % purchase for the grocery item. 28
% consumers purchase for electronic goods.and only 8 % consumers do
you like for other product.
The TGIP its good market for apparels.and many branded shop in
appareals
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THe graf shows that mostly customer do you like purchase branding
goods.some few customer like unbranded goods.96% customer like
purchase the branded goods only 4% customer purchase unbaranded
goods
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The graf show that most of consumers like pantaloons. 46 % apparel
customers first name come in mind is pantaloons. 22 % apparel
customers second name come in mind is lifestyle.16 % apparel
customers third name come in mind is shoppers stop. 10 % apparel
customers fourth name come in mind is Globes.and 6 % apparel
customers fivth name come in mind is mark & spencer.
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The chart show that most consumers like shopping for basement. 48 %
consumers likes basement. 26 % consumers likes ground floor.10 %
consumers likes second floor. 16 %consumers likes third floor.
Big bazzer target for middle class family . My survey base on middle
class family and high class family because the basement area only three
shop first one Big bazzer,second one home town and third one is home
centre in this area many type of cutomers comes in some customer has
high class family and some customer has middle class family so I am
choise the basement area but ground floor most prefer by the
customers.Ground floor doesno’t allow for survey.
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the chart show that most consumers like TGIP for reasonable prices.94 %
customers agree for price for TGIP is reasonable.only 6 % customers do
not agree for reasonable price.
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The chart show that most consumers agree for mall is a one-stop shop.
94 % consumers agree for a mall is a one-stop shop. 4 % consumers
don’t agree for mall is a one-stop shop because they automobile
customers and TGIP is not any shoroom for autmobile . 2 % customers is
can’t say.
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The chart show that 70 % customers like food court. Only 30 %
customers not like food court.
Food court TGIP is very big many types Food court TGIP is very big
many types Restaurant and bar
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The chart show that 90 % consumers take loyality card . only 10 %
consumers not take a loyality card. The data not only take loyalty card in
TGIP but they take for the any other outlates like shoppers stop,
gloubs,pantaloon, and any other outlate for exitance in TGIP . This data
is whole TGIP loyalty card
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The chart show that 56 % customers takes a TGIP loyalty card. 26 %
customers takes a shoppers stop loyalty card. 12 % customers takes a
Pantaloon loyalty card. 3 % customers takes a Gloubs loyalty card
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The data show that 84 % consumers like loyalty card. But 16 %
customers not satisfied for loyalty card.
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The chart shows that most consumers prefer parking for TGIP because
The parking space for TGIP Is big. Their are four parking area. 82 %
consumers park car in TGIP mall. 12 % car park for stage Mall and only
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The data show that 30 % consumers says that TGIP car parking is
higher. 56 % consumers says that csm car parking is higher. 14 %
consumers says that outside car parking is higher
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The data shows that most consumers watch the movie TGIP. 60 %
costumers prefer movie in Big Cinema. 27 % costumers prefer movie in
wave [cms]. 13% costumers prefer movie in other
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Strength:
2- Sales promotion reasonable price product. Every time we can see sale and
scheme kind of activity in the store to attract the customers.
5- Monthly offer in each category. This is the activity which rotates in every
department. I.e. apparels, home furnishings etc...
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7- A refreshment area is area near fmcg department. In which customer fell
relax.
WEAKNESS
1-Sales staff is not well trained.
2-Staff having product knowledge are not motivated enough to talk and
convince prospective customer to improve sales.
5-More time spends making reports rather than attending customer and
giving time to their section.
6-Sales staff is not well educated. This is also the mail problem which is
facing by customers.
8-The entire merchandise is not being properly cleaned and dust is quite
visible especially on glassware.
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LIMITATION
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RECOMMENDATION
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7-Some credit facilities should be given to good sales providing outlets.
• Retail Stores should focus more on Store Ambience, Store Space &
Selling Areas.
• Along with SMSes the retails formats should use more innovative
ways to alert customers.
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• The Retail store should replenish the goods on time (before the
stock ends).
CONCLUSION& SUGGESTION
(a) CONCLUSION
(b) THE GREAT INDIA PALACE has market for every thing at one place
for their consumers
(c) It was found the consumers were turning their mind toward the retail
store Like THE GREAT INDIA PALACE.
(d) Brand name is very important factor so THE GREAT INDIA PALACE
has to develop the brand image also.
(e) Many of consumers were unsatisfied because they don’t get any after
(f) THE GREAT INDIA PALACE has not good food services for
customers.
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as value for money. Sustainable competitive advantage will be dependent
on translating core values combining products, image and reputation into
a coherent retail brand strategy.
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(b) SUGGESTION
4-Stores has high price so they have to make price for all type of
customers.
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Positive comments
• perfect store
• Nice experiences
• Great ambience
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Negative comments:
• Price is high
Person.
• Bad experience
• There are many billing counter but less staff to manage them.
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REFERENCE
no.109to123)
70)
MAGAZINE:
78)
References:
Books
Electronic Resources
Internet Resources
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Questionnaire
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Q5): Your frequency of visiting The Great India Place?
a) Once in a week b) Twice in a week c) Once in a
month d) Twice in a month
e) Occasionally
Q6): Which of the following do you like the most while interacting with
Customer Service representative?
a) Courtesy b) Knowledge c) Quick Response
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a) Yes b) No
Q15): Which loyalty / membership card you have?
a) TGIP b) Shopper Stop c) Pantaloon
d) Life Style
Q16): Are you satisfied with the Loyalty card facility?
a) Yes b) No
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Thanking you
Signature
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