Professional Documents
Culture Documents
Presented By: Nivedita Kumari Ravish Khan (DFT-V)
Presented By: Nivedita Kumari Ravish Khan (DFT-V)
Nivedita kumari
Ravish khan
(DFT-V)
COMPANY PROFILE
Fashion and You is a is a pure click company formed in early 2010. FNY partners with
high fashion and luxury brands across fashion apparel, designer wear, accessories,
footwear, watches, jewelry, fragrances, kids, home dcor, and holds private sales
events for these brands on www.fashionandyou.com at prices up to 80% off.
Currently Fashion and You have associations with more than 1500 brands and
supplier partners nationally and more than 100 international brands & exclusive tieups globally.
Fashion and You has over 2.7 million registered users and are the countrys most
well funded e-commerce website.
Categories
WOMENS
MENS
ACCESORIES
KIDS
Decor and Utility, Kitchen ware, Table ware, Bath, Linen bar,
Furniture
LOUNGE
FASHION
GARAGE
Ordering
4 steps to place the order
Select product/s of your choice and add to your
shopping cart.
Sign-In for existing users or Sign up for new
members using your registered ID and password.
Enter the shipping address
Choose a payment option from Net banking,
Debit/Credit card, wallet or COD.
Payment
Delivery:
1. For EXPRESS
Product/s -
Order is shipped directly from
warehouse within 24/48 hours of
order confirmation.
During special events-products
Delivery
2. For NON-EXPRESS Product/s -
Products are sourced from different locations across
India.
Deliver within 7-14 days business days, depending upon
your location.
Shipping charges:
Credit Card-Free delivery.
Cash on Delivery (COD):
Charges Rs.99 For products valued up to Rs.999.
Accepted cards:
Visa, MasterCard, Maestro, American Express, Mobikwik.
Facebook Page
Twitter Page
Google+ connect
PROCESSING CUSTOMER
RETURNS:
fashionandyou.comhasputinplaceno
hassleprocedurestoensurethatyoucan
buy
fromusinconfidenceandreturntheitemifithassizeissues(apparela
nd
footwearonly)oriftheitemisfaultyornotwhatyouordered.
Fashionandyou.comacceptsreturnswithsizeissuesonlyfor:Apparel&
Footwear
Onlystorecreditwillbegivenforsuchreturns.Itemsmustbeunused,u
nworn,
unwashedandundamaged.Returnitemswillonlybeacceptedintheiro
riginal
packaging,including:hangers,polyesterbags,hangtagsongarments,
shoe
boxesordustbags.Anyitemsthathavebeendamaged,soiledoraltere
dwillnot beacceptedandwillbesentbacktothecustomer.
Refundsaremadeasfollows:
Ifthepaymentwasmadeincashthentherefundismadeinth
eformofa cheque.
Ifthepaymentismadeusingacredit/debitcard(oranyformo
fnetbanking)
thentheamountiscreditedbacktothesameaccountfromwh
ichthepayment wasmade.
Whenarefundistobemadeduetosizingissuesfromcustom
ersend(for
apparelandfootwear)thentheamountisrefundedintheform
ofstorecredits.
Competitors
Nationally,FashionandYou.comfacesstiffcompetitionfr
omalotof
establishedandemergingonlineapparelretailerssuch
as
Myntra.com
Exclusively.in
shoppersstop.com
bestylish.comand
futurebazaar.com.
GROWTH
In an interview in early 2011, CEO Pearl Uppal was asked what the five year
plans for FNY were. She said she wanted FNY to be the global leader in online
apparel retail and wanted to be responsible for the10% of sales for major
apparel brands.
They also have more than 11,00,000 page views per day with 75,000
members logging on everyday at exact 11AM (start time of a sales
event). FNY has been growing at a rate of 35% since its inception.
INTERNAL STRUCTURE
FUNCTIONING
FNYs supply chain remains a mystery as the company is very secretive about it.
However, in a company report for the suppliers and prospective suppliers, hints about its
supply chain are provided.
As the company is not into manufacturing and only into retailing, its suppliers are the
brands itself.
STRENGTHS
Very Well Funded ($48 million) As mentioned earlier, FNY is one of the most well
funded online retailer in the country.
Early Mover Advantage the fact that FNY set up shop in 2010 and gained
tremendous pace in a short span of time while others were still in their infant phase
attracted a lot of interest from investors and generated a lot of interest amongst
consumers.
Board with a lot of experience in the area Their CEO, Chairman and Director for
Sourcing are all well established and know in the industry.
Excellent investors to add more experience in the pot - FNYs list of investors
incorporates both Indian and foreign investors who have invested in some of the
worlds most famous companies. Their expertise can be of great value to FNY
WEAKNESSES
Website not as easy to operate as others like yebhi.com Yebhi has a very
easy and user-friendly category list and search program.
Consumer doubts over authenticity of products
Slow deliveries FNYs supply chain has a bit of a flaw where they can never
be sure of how many products are available with the supplier as the Purchase
Orders is issued after the sale event ends.
List of products not very well defined FNYs category does not.
Not enough TVC Like Myntra.com, FNY does not involve in a lot of Television
Commercials.
OPPORTUNITIES
Entry into neighboring countries Entering or launching their web-site in Bangladesh, Sri
Lanka, Pakistan, Nepal and Bhutan to attract more customers.
Mobile Application use of internet on mobile phones increasing drastically and FNY can
really benefit from a mobile application which allows customers to purchase products from
their mobile devices.
Global Presence Entering more countries around the world will be a good idea as their
business model of sales events is very unique.
Indian Handicrafts India has a massive handicrafts industry and there is a strong demand
for it. Selling handicrafts on their websites can be a good opportunity.
Different Website Versions FNY can have different website versions for different states or
regions of the country catering to the local market by selling local products.
THREATS
Amazon.coms entry into the Indian Market in early 2012 Amazon.com the worlds largest
online retailer announced its plans of entering the Indian online market in early 2011.This
entry will happen in 2012 and is a major threat to FNY as Amazon have a global reputation
and are a global leader in all product categories.
Rival websites getting equal interest from investors As mentioned above, many pure click
companies are receiving heavy investments from both national and international investors.
This can be a major threat to FNY.
Rival websites advertising heavily Myntra.com new campaign of Television Commercials is
swooping the Indian Commercial space
Indian customer still not confident enough to shop online Indian citizens are still wary of
online retailers disclosing confidential information such as credit card details. They are 17
also not confident in the quality of a product ordered through electronic channels as they still
believe in touch and feel.
CUSTOMER DEMOGRAPHICS
Amongst the 52% female, 53% are between the ages 25-35, 32%
between ages 18-25, 14% are above 35 years and 1% are below 18.
Amongst the 48% male shoppers, 42% of the shoppers are above 35
years of age, 34% lie between ages 25-35, 23% between ages 18-25
and 1% of them is below 18 years of age.
Apart from big cities, FNY shoppers are also found in tier 2 & tier 3
cities. However, 39% of the shoppers are from Delhi/NCR, 19% from
Mumbai, 13% from Bangalore, 6% from Hyderabad, 4% from Pune, 4%
from Chennai and 1
Achievements
Company Achievements
India
on
December
12,
2010
in
New
Delhi.
Ecommerce
Startups
From
India.
WAT Awards: Fashion And You got a Silver in the Ecommerce site
of the year category.
Visit us