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FDI in retail
As a result of FDI, adoption of technology from
other countries
These advantages may sustain in future as it is expected that by
2020, the average age of Indians will be 29 years. In addition to
this, the decrease in dependency ration, increase in spending
capacity of people and advancement in advertisement and
promotional activities will help these advantages to continue in
future.
2. Target customers:
Firstly shoppers stop should concentrate to target on
value-conscious customers as people are in a
position to spend more but only in return of a good
quality of product and variety as well.
After this Premium-conscious and Time-conscious
customers should be taken into consideration
because they already have 80% of customers as the
First Citizen which means that 80% of the customers
from this segment are loyal customers of Shoppers
Stop.
3. Developing advertisements and promotions:
For advancement of advertisements and promotions,
shoppers stop can
Take help of social media and e-commerce
which has been adopted by youth and
frequently used.
Provide in house facilities like beauty shops for
women and saloons for men
Launch seasons special category clothing and
accessories with discount rates
4. Customer centric v/s product centric approach: