Beruflich Dokumente
Kultur Dokumente
A
Project Report
ON
Retail Management
Biswajit
Banik
Mainak Dey
Sudipta Dey
Suraj Jaiswal
SUBMITTED BY: -
Kaushik Shrivastava
Introduction
Indian Retail Industry is ranked among the ten largest retail markets in the
world. The attitudinal shift of the Indian consumer and the emergence of
organized retail formats have transformed the face of Retailing in India. With
the sign of re-emergence of economic growth in India, consumer buying in
retail sector is being projected as a key opportunity area. As a consequence,
Indian corporate houses are refocusing its strategic perspective in retail
marketing with the idea to use resources optimally in order to create core
competence and gain competitive advantage. Retailing encompasses the
business activities involved in selling goods & services to consumers for their
personal, family, or household use. The various processes which help the
customers to procure the desired merchandise from the retail stores for their
end use refer to retail management. Retail management includes all the
steps required to bring the customers into the store and fulfill their buying
needs.
Why retail management?
Retail management saves time and ensures the customers easily locate their
desired merchandise and return home satisfied. An effective management
avoids unnecessary chaos at the store.
Wheel of retailing
L
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H ig h - p c
r ic e d m e r c h a n d is e t o p
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hT r a
d in g u p m id -p r ic e
m e ra
c h a n d is e m id - r a n g e s t o r e
n
d
i
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e
h
i
g
h
v
a
l
u
e
s
t
o
r
e
Variety
How many
variations
are there?
Assortment
How many
brands of
the same
type?
Private
label/
service
involved?
Convenient
Package
Self help
Price
Product type-
Apparels (Shirts)
Store #1
Store #2
Store #3
Store #4
Shoppers
Stop
12
Pantaloons
08
Fashion
(Amtala)
05
Style (new
market)
06
20
14
07 (although
no
recognized
big brand, all
local brands)
Yes
Yes
04 (although
mostly
unbranded
imported but
04 recognized
brands
available)
No
No
Displayed
Products
Yes
Dependent
on the brand
Displayed
Products
Yes
Dependent
on the brand
Poorly racked
Well organized
No
Cheaper than
the earlier
two stores
No
Comparatively
a high price
but less than
the first 2
Different
location
(brand wise)
Different
location
(brand wise)
In store
promotion
Yes
( discounts,
coupons, and
lucky draws)
Type of
Retailer
Institution
Others
Department
store
Location on
shelf
Same shelf
used for all
stores
Same shelf but
well kept.
Yes
( discounts,
coupons, and
lucky draws)
No
High bargains
Department
store
Traditional
cloth retailer
Cloth retailer
(Fashionable)
quality. As the working capital is low of the retailer, he tries to carry as much
as low cost inventory he can. Usually he focuses on fast moving items.
Style (New Market) This is a garment retailer for men in New Market
(Shree Ram Arcade) who focuses on mainly middle class people of the
society. Mostly deals in imported clothes which are highly fashionable. The
main target customers are college goers.
Product no- 02
Product type- electronics (Mobiles)
Store #1
Store #2
Store #3
Store #4
Variety
Reliance
The mobile
Mobile gallery Spice hot
How many
digital
store
05
spot
variations
07
08
07
are there?
Assortment
How many
08
09
05
08
brands of
the same
type?
No
No
No
No
Private
label/
service
involved?
Convenient
Package
Displayed as
Displayed as
No display
Lesser no. on
well as
sealed pack
available
display but
sealed pack
available
Yes
No
No
No
Depending to
Model
Depending to
Model
Depending to
Model
Depending to
Model
Modern
display
Modern
display
No display
Modern
display
Self help
Price
Location on
shelf
No
In store
promotion
Yes
Yes
Type of
Retailer
Institution
Others
Departmental
store
Specialty
Store
No
Normal
retailer
Specialty
Store
Product no- 03
Product type- Biscuits
Store #1
Store #2
Store #3
Variety
How many
variations
are there?
Assortment
Spencers
09
Traditional
kirana
04
Big Bazar
09
Store #4
Nirmal Das
shop
04
How many
brands of
the same
type?
Private
label/
service
involved?
Convenient
Package
Self help
Price
Location on
shelf
07
03
07
02
No
No
Yes
No
Well
packaged
Well
packaged
Well
packaged
Well
packaged
Yes
Same as MRP
No
Little
discount
No
Same as MRP
No
More than
MRP
Organized
Organized
Not organized
In store
promotion
Yes
Type of
Retailer
Institution
Others
Departmental
store
Yes
No
Product no- 04
Variety
How many
variations
are there?
Assortment
How many
Not organized
Kirana Store
Product type-
No
Departmental
store
Small retailer
footwear (Sports-shoe)
Store #1
Store #2
Store #3
Store #4
Khadims
Metro
Shoppers
stop
Raju Shoe
maker
04
06
08
01
07
01 (no well-
02
05
brands of
the same
type?
known brand,
the shop
keeper makes
the shoes)
N/A
Yes
Yes
No
Private
label/
service
involved?
Convenient
Package
Good packing
Good packing
Good packing
No packing
Self help
Price
Yes
Moderate
Well
organized
Yes
Depends on
the brand
Well
organized
No
Cheap
Location on
shelf
Yes
More than
Khadims
Well
organized
In store
promotion
Yes
No
Yes
Type of
Retailer
Institution
Others
Specialty
store
Specialty
store
Departmental
store
No shelves
No
Specialty
store
Product no- 05
Product type- Accessories (Deodorants)
Store #1
Store #2
Store #3
Store #4
Variety
How many
Big bazar
Spencers
Basically 2
Basically 2
A cosmetic
store in
Amtala
A cosmetic
store in new
market
variations
are there?
types (men
and women)
types (men
and women)
Basically 2
types (men
and women)
Basically 2
types (men
and women)
15
10
05
12
No
No
No
No
Sealed
package
Yes
Same as MRP
Sealed
package
Yes
Same as MRP
Sealed
package
No
Same as MRP
Sealed
package
No
Same as MRP
Well
displayed
with tester
No
Well
displayed
with tester
Yes
No display.
No tester
No
No display
but tester is
there
No
Departmental
store
Departmental
store
Specialty
store
Specialty
store
Product no- 06
Product type- Hair-oil
Store #1
Store #2
Store #3
Store #4
Assortment
How many
brands of
the same
type?
Private
label/
service
involved?
Convenient
Package
Self help
Price
Location on
shelf
In store
promotion
Type of
Retailer
Institution
Others
Variety
How many
variations
are there?
Assortment
How many
brands of
the same
type?
Private
label/
service
involved?
Convenient
Package
Self help
Price
Location on
shelf
In store
promotion
Type of
Retailer
Institution
Others
Spencers
Big bazar
More (Joka)
06
Kirana store
at Amtala
02
06
08
08
04
05
No
No
No
No
Available in
sealed pack
and various
SKU.
Yes
Same as MRP
Available in
sealed pack
and various
SKU.
Yes
Same as MRP
Available in
sealed pack
and small
SKUs.
No
Same as MRP
Available in
sealed pack
and various
SKU.
Yes
Same as MRP
Well
displayed
Well
displayed
Unorganized.
Well
displayed
Yes
No
Departmental
store
Departmental
store
04
No
No
Traditional
kirana store
Small
departmental
store.
Product no- 07
(Noodles)
Variety
How many
variations
are there?
Assortment
How many
brands of
the same
type?
Private
label/
service
involved?
Convenient
Package
Self help
Price
Location on
shelf
In store
promotion
Type of
Retailer
Institution
Others
Product type-
Store #1
Store #2
Store #3
Store #4
Spencers
Big bazar
Nirmal das
shop
05
05
Kirana store
at Amtala
03
01
10
08
03
04
No
No
No
No
Various SKU
& sealed
Yes
Same as MRP
Various SKU
& sealed
packs
Yes
Same as MRP
Only the
smallest Size
No
More than
MRP
Small and
medium sizes
available
No
Same as MRP
In the fast
food
department
Yes
No displays
Kept on the
front rack
No
Departmental
store
Small
convenience
store
In the fast
food
department
Yes
Departmental
store
No
Kirana store
Part B
The retail outlet chosen in Spencers (South city location)
I. Appearance
A. The store layout, design and visual merchandising techniques used are
consistent with the exterior of the store and the location. The store is
located in the South City shopping mall at the Basement. The store is a
hyper-market which offers almost all categories of items ranging from
clothes to cosmetics to groceries to pastries and even a liquor shop.
The
basic
target
customers
are
the
mall
visitors,
families
of
neighborhood and the various people who come to the shopping mall
for their specific reasons. The layout is well designed with specific
departments like clothing section, electronic gadgets, cosmetics,
groceries and others. It uses various audio-visual merchandising tools
like screens and audios to communicate with their customers regarding
offers and other promotions. The mannequins don the latest fashion
clothes. The shelves on various departments are organized properly. It
is self-help retail but employs enough sales people who can assist the
customers if they are having any problem in finding any product. Also
it has a food counter near the exit point where customers can sit and
eat food bought from Spencers. It has also leased space to various
counters like an imitation counter, Hindustan sweets etc.
B. The stores ambience is good. It is centrally air conditioned with proper
lighting. The departments are marked clearly for customers to
understand the layout of the store. Salespeople are well educated and
train to handle customers in an efficient manner.
Overall it met my expectations as a customer.
Throughout its long history, Spencers has been a recognized and
respected player in the Indian grocery business, and is synonymous
with
quality
goods
and
services,
trusted
by
Indias
exploding
The store layout is well designed. The entry point is equipped with metal
detector tools and there is a baggage counter followed by the electronic
department. The electronic department at once catches the eyes of the
prospect customer and attracts them. For the women customers just after
the entry point there are various leased space for cosmetic counters from
different brands like LOreal, Lakme etc. The other departments like clothing,
grooming essentials, groceries, cookery, kitchen equipment, dairy products,
car accessories, puja essentials etc are well designed in the layout.
Also
interiors are carefully chosen based upon the specific location of the store.
The stores have color-corrected lighting, carefully selected veneers and
textures that complement the color palette of the brand, thereby creating a
fresh, cheerful, and expansive feel. Shopfit Design The emphasis is on
attractive, space-efficient, and low-maintenance presentation of modern,
international goods alongside local products. The stores strive to drive
product experiences through hubs. Graphics & Signage - Shopping at
Spencers is a visual treat, enhanced by Heritage boards that tell the
Spencers history, curved signage featuring the signature Makes Fine Living
Affordable tagline, and category-specific color arches suspended over zones
and departments to provide visual relief and act as navigational aidsV. At Spencers, visual merchandising is taken very seriously, with the
objective of using theatre and edutainment to depict Spencers as a retailer
which Makes Fine Living Affordable. This is evident in the hotspots and focal
points dispersed around the store, which carry thematic product displays to
welcome shoppers and give them the opportunity to absorb the ambience
that constitutes a fine living experience, before continuing their journey of
exploration through the stores. It also extends to the presentation of
merchandise
in
store.
Category-specific
color-coding
allows
easy
many
firsts
to
its
credits.
Innovations/Specialty
In
Spencers
hypermarkets, the shopper can find specialty sections such as a live bakery,
the patisserie, a nuts counter, a dedicated wine & liquor section, and
Epicuisine. Promotions Spencers seek to offer the right products at the
right time at the right price, with promotions carefully designed to suit the
needs and wants of the consumers monthly, weekly and daily shopping
basket.
Brand
Imagery
Spencers
stores
have
contemporary
and
Most of the customers believe that stock is not updated and no offer
schemes are provided by Spencers on the old stock. Same price is
charged for both the fresh stock and old stock. Respondents feel offers
should be provided on the old stock, as is done in other retail stores.
As the majority of population at South city are falling into the age
group of 26-35 and 18-25.Company should concentrate on the need of
people falling into that category.
People generally search for the product on offer so the high margin
product should be up fronted that mean those item should be in the
eye height so that it easily catches the customers attention and
generates impulse purchase.
Keep high quality fruits and vegetables in the stores, employees must
be courteous and friendly as most of the customer gave their
preferences regarding these.
Billing should be fast because customers dont want to stay in the store
after purchasing the products.
customer
information
and
delivering
content
relevant
to
select the mode of payment of your desired product as if you want to pay
through debit card or through cash on delivery. In the mens section, there
are several sub-categories which let you decide what item of clothing youre
looking for. From topwear, bottomwear, footwear, ethnicwear, etc, its a fairly
comprehensive tab list. The list is organised differently in which is according
to Indian Wear, Western Wear, etc.
When you click on each of these sub-tabs, options under each heading show
and you can just choose what you want. Dresses for instance come under
topwear.
Its when youve finally decided on what clothing item you wish to browse,
that trouble starts. The Refine tab which lets users add filters from colours
to brands to pricings is actually quite comprehensive. For a snap-and-buy
shopper like myself, this comprehensive quickly turns into tedious.
Given my preference for a few select brands, I found it a chore to keep
scrolling down to get to them, while I tried to set a filter in my hunt for a
dress. If youre a brand conscious consumer, the app is feels like a special
kind of heaven.
b) How do you compare your experience shopping on the Internet to
shopping in a local store for this type of product?
Youd have a hard time finding anyone to argue against the proposition that
online and brick-and-mortar shopping are fast merging into one shopping
experience. The big buzz words are omnichannel and omni-device, Thats
a user-driven need. Users dont see channels. They dont see devices. They
just interact and if youre not there, where theyre looking for you, when
theyre looking for you, thats a miss.
And the truth is that shoppers cant be sorted into tidy baskets those who
prefer to shop online, those who prefer to shop in store, those who prefer
mobile etc. because each individual shopper might have a different
preference depending on what theyre shopping for, when they need it, how
long they have to get it and any number of other factors.
And so that crucial customer experience must be built across all those
channels for every consumer. Online and in-store shopping differentiates in
various ways. However, they both are convenient ways to shop. Recently,
online shopping has been most convenient for me, but I enjoy both ways of
shopping. I believe that shopping preferences change depending on a
persons situation. I noticed that many people are starting to prefer online
shopping
more
than
in-storeshopping.
Online shopping is most convenient for individuals that dont have time to go
to the store. If youre busy with an online job or online classes then online
shopping can sometimes be more convenient. Its also convenient since you
dont have to drive, catch the bus, wait in a long line, or deal with not being
able to find an item. All you have to do is type in the item youre looking for
and its there. Once you find the item, you can order it at anytime because
online
stores
never
close.
Lately, Ive been having a lot online shopping experiences. I usually buy from
websites with a huge variety of sellers to be sure that I get the best price.
When youre looking for the best price, it requires research. The best price is
more often found online, but not always. Online merchants will sometimes
sell you an item for double the retail price. When the price isnt doubled, it
may be the same price plus shipping costs. Therefore, you still wont have
the best price. This item could possibly be on sale in retail stores
c) What are the advantages and disadvantages of the Internet
shopping experience?
Advantages
Time Saver - You no longer have to get in your car and have to
drive to the mall to shop. There are no lines and you can come
back to your cart whenever you want.
There are also dedicated review sites that host user reviews for
different products.
Disadvantages
b) Price
c) Suggestive
Selling
Myntra
Jabong
Flipkart
Snapdeal
In case of each
product various b
rands and
varieties were off
ered. Well-known
brands ensure
good quality of
the offerings
As the websit
e is not that
informative,
so nothing
much could
be concluded
about
the products
Quality.
However, the
store had a
wide
range of
mens
Footwear to
offer.
The number
of brands
and varieties
offered
exceeded
any other
store. There
were also
some brands
also Overall
quality of
the products
offered is
very good.
When one
chooses a
particular
product, all the
related brands
Though brands of
similar
type were displa
yed on the
website page,
Brands of
similar
type were dis
played on
the website
No such
information is
provided in
the website, neit
her any attempt
page. Price
range was
also
displayed.
is made to cater
to the enquiry of
the customer
Website
consisted of
constantly
changing
images
and very
captivating
graphics. A
store locater
option was
also present.
Website is very
plain with usage
of very few
colors and
illustrations. It
gave basic
information
about the
various
categories and
sub categories
and the
offerings
e) Design
of Website
Website design is
very innovative
and modern. One
can easily get
the detailed
information of
any product as
desired
The website is
endowed with
constantly
changing
graphics,
slideshows and
small
animations.
The website
s
Design is
very plain
and bare and
consists
of very few
animation
effects. It
lacks
innovation
and needs to
be improved
a lot.
Design lacked
innovation, and
provided very
little/minimal
information
about the
product. No
animation and
frequently
changing
graphics.
f)Ease
of Website
The website is ve
ry
user-
The experience
of website usage
The ease of
using
The website
though modern
d) Website
Featured
use
friendly.
Dropdown lists
also helps any
buyer to buy the
product which he
wants to
purchase. Overall
the purchase
experience was
simply
great. And the
transaction was
also
very fast
g) Closing of
Sales
is quite
satisfying. All the
required
information whic
h one might seek
regarding a
particular
product is easily
available. But
we would sugges
t that it should
include the
usage of more
product related
pictures and
videos to
enhance the
usage ease.
The secured
transaction
gateway is used
to make the
transaction
smooth and fast.
the website i
s just fine.
But it lacks
the element
of specialty.
However it
can improve
a lot on these
grounds
The secured
transaction
gateway is
used to make
the
transaction
smooth and
fast
No such
payment
gateways were
present there
was no buying
option present
policies, etc.
Return / Refund Policy: This is an important point to keep in mind. Always
make sure that you read the return / refund policy of an Ecommerce
company. Read between the lines, Is it 15 days or 30 days? Is it from
dispatch or from delivery? Customer Service is 24 X 7 or a few hours a
day. Do they have Email / Chat support or not? All these questions are
important because, that will give you an idea, in case of return, how will
you be treated? And Myntra has a best return policy over the others
because it is using the logistics of Flipkart.
Thank You