Professional Documents
Culture Documents
Westside-Retail Giant
Westside-Retail Giant
Mission Statement :
country.
Policy :
Satisfy our customers with the range, quality and value of the products
we offer and attain new heights of excellence through teamwork, in an
atmosphere that encourages creativity and innovativeness.
Style
Affordable
Price
Quality
Arrangements
Ground Floor
Cosmetics
Jewellery
Watches
Bags
Ist Floor
Women Section
Children Section
Household items
IInd Floor (Men Section)
Casual Clothing
Formal Wear
Ethnic Wear
Private Brands in
Westside
2F4U
SRC
Gia
Urban angel
Intima
David Jones
Ascot
Blackberry
Lee
Spykar
Provogue
Levels of service
Self service- Self service is the corner stone of all discount
operations. Many customers are willing to carry out their own
locate compare select process to save money.
Self selection- Customer find own goods, although they can
ask for assistance.
The Three Cs
3 Kind of coaches :
Customer service coach
IT skills Coach
Product knowledge Coach
Westside Model
MARKET RESEARCH
RETAIL LAYOUT
CUSTOMER FEEDBACK
PRODUCT POSITIONING
ADVERTISING AND PROMOTIONS
Market Research
Support from Tata companies like Taj Group , Titan, Voltas, Tata AIG ,
Tata Engineering.
FINDINGS
1.
2.
3.
Retail Layout
PHILOSOPHY & PROBLEMS FACED
THE MODEL
.
2 main divisions :
wear
Product positioning
Positioned as value for money products - good quality,
low prices , contemporary and exclusive designs and
wide variety.
Good store ambience shelves not overloaded.
Focus on I-got-a quality-product-at-a-reasonableprice feelings.
Pricing
Pricing decisions consistent with
firms marketing strategy and target
market.
They believe in democratizing their
service and charging fair price.
Offers Value for Money proposition
for consumers, especially by offering
their own brands.
Helps to augment their sales margin.
Pricing ( Cont.)
Types of Pricing:
Promotional
discounts
Seasonal Pricing
Image Pricing.
Product form Pricing
Psychological
Pricing
Product bundling
Pricing
Customer Feedback
Conducted research to
better serve customers.
Focus on customer
feedback.
Trust in customers
reflected confidence in
products.
Problems faced by
Westside
Target customer base changed
over time.
Not much shelf-space is given
to the International brands.
Customer
preferences
are
changing from in-house labels
to international brands.
Lesser media promotions.
Accolades
Balanced Scorecard Hall of Fame.
India Brand Summit Brand Leadership Retail.
IFA Visionary of the Year Award, 2002 Mrs. Simone N.
Tata.
Most Admired Large Format Retail Chain of the Year Lycra Images Fashion Awards 2005.
NDTV Profit Business Leadership Awards 2006 - Retail
Category.
THANK YOU