Professional Documents
Culture Documents
RESEARCHED BY:-
ACKNOWLEDGEMENT
Finally, I thank Director of ISBR Mr. Amit Gupta providing ample time
space and opportunity to complete the project.
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CERTIFICATE
Director
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(Mr.Amit Gupta)
ISBR,Bangalore
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CERTIFICATE
Under Guidance
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Prof. Sanjyothi.V.K.
ISBR,Bangalore
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Table of Contents
4. QUESTIONNAIRE
………………………………………………………...6
INTRODUCTION:
RETAIL INDUSTRY IN
INDIA
India has one of the largest numbers of retail outlets in the world. Of the 12
million retail outlets present in the country, nearly 5 million sell food and
related products. Thought the market has been dominated by unorganized
players, the entry of domestic and international organised players is set to
change the scenario.
Organized retail segment has been growing at a blistering pace, exceeding all
previous estimates. According to a study by Deloitte Haskins and Sells,
organised retail has increased its share from 8 per cent of total retail sales in
2007 to 10 per cent in 2008. The fastest growing segments have been the
wholesale cash and carry stores (150 per cent) followed by supermarkets
(100 per cent) and hypermarkets (75-80 per cent). Further, it estimates the
organised segment to account for 25 per cent of the total sales by 2011.
It is expected that by 2016 modern retail industry in India will be worth US$
175- 200 billion. India retail industry is one of the fastest growing industries
with revenue expected in 2008 to amount US$ 350 billion and is increasing
at a rate of 5% yearly. A further increase of 7-8% is expected in the industry
of retail in India by growth in consumerism in urban areas, rising incomes,
and a steep rise in rural consumption. It has further been predicted that the
retailing industry in India will amount to US$ 21.5 billion by 2010 from the
current size of US$ 7.5 billion.
Shopping in India has witnessed a revolution with the change in the
consumer buying behaviour and the whole format of shopping also altering.
Industry of retail in India which has become modern can be seen from the
fact that there are multi- stored malls, huge shopping centres, and sprawling
complexes which offer food, shopping, and entertainment all under the same
roof.
India retail industry is expanding itself most aggressively; as a result a great
demand for real estate is being created. Indian retailers preferred means of
expansion is to expand to other regions and to increase the number of their
outlets in a city. It is expected that by 2010, India may have 600 new
shopping centres.
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India retail industry is progressing well and for this to continue retailers as
well as the Indian government will have to make a combined effort.
Parent Company:-
Pantaloon Retail (India) Limited, is India’s leading retailer that operates multiple
retail formats in both the value and lifestyle segment of the Indian consumer
market.
• E-tailing
• Food
• Fashion
• Home Solution
• General Merchandise
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Sampling:-
Sample Size – 75 customers/consumers
Dear Customer,
NAME: OCCUPATION:
Clothing Accessories
Groceries
Proximity Quality
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Brand Price
Yes No
Print TV Radio
Big Bazaar
Percentag
Age Total
e
18-28 37 49.33%
28-38 16 21.33%
38-48 8 10.67%
48-58 9 12.00%
58-65 5 6.67%
75 100%
Age o
40 37
35
spondents
30
25
20 16
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12.00%
Data Collected
The first criteria respondents were asked to indicate was the age
group they belonged to. Respondents were asked to choose
among five age group categories, viz., 18-28, 28-38, 38-48, 48-58
and 58-65 years. The age groups were identified as key factors
impacting shopping and purchase decisions of consumers.
Analysis
10.67%
From the table, bar graph and pie chart depicted above, the
distribution of the population under study is evident. Of the 75
respondents who answered the questionnaire, 37 indicated that
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their ages fell in the category 18-28 years. This accounts for
49.33% of the respondents.
Interpretation:
The rest of the population who visit the retail outlets under study
can be listed in the following descending order of distribution –
the working age group, the older age group, the middle age
group, and senior citizens.
It is not surprising that the youth most frequent malls and retail
stores. What is unexpected, however, is the fact that more people
who fall into the older age group visit the retail stores than those
who fall in the middle age group. Then again, this deduction
cannot be applied to the entire population of Bangalore. The
disparity can be attributed to the small size of the sample under
study.
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Percentag
Gender Total
e
Male 35 46.67%
Female 40 53.33%
75 100%
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Gender
41
40
39
No of Respondents
38 Gender
37
36
35
35
Data Collected
34
33
32
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Analysis
From the table, bar graph and pie chart depicted above, the
distribution of the consumers is evident. Of the 75 respondents
who answered the questionnaire, 40 were female. This accounts
for 53.33% of the respondents, almost half of the population
under study.
Interpretation
one, more women visit retail outlets than men. Two, more
women are willing to fill out questionnaires and take a survey
than men.
Another way that retail chains can use the above data is to
appeal to the men rather than the women. Since, fewer men visit
retail stores as against women, the companies have a large base
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Percentag
Frequency Total
e
Once a week 14 18.67%
Fortnightly 27 36.00%
Once a month 34 45.33%
75 100%
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How oft
40
35
30
No of Respondents
25
20 How
14
15
10
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Data Collected
Analysis
From the table, bar graph and pie chart depicted above, the
frequency of shopping of the respondents is evident. Of the 75
respondents who answered the questionnaire, 34 indicated that
they shopped once a month. This accounts for 45.33% of the
respondents, who visit shops including retail stores once a month.
Interpretation
Consumers who shop once a week, on the other hand, pose very
different challenges to retail stores. Such customers can be
presumed to have a high disposable income and may buy more
lifestyle or fashion products. Since they shop so frequently, they
must continually be entertained and attracted to make repeat
purchases at stores. When targeting this segment, companies
must be able to get new stock every week, and update their
marketing strategies continuously.
Percentag
Details Total
e
Clothing 33 44.00%
Accessories 12 16.00%
Groceries 25 33.33%
Others 3 4.00%
75 100%
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W h a t d o yo u m
m ent
35 33
30
25
No of Respondents
20
15 12
10
5
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Data Collected
Analysis
From the table, bar graph and pie chart depicted above, the
products frequently shopped for by consumers is evident. Of the
75 respondents who answered the questionnaire, 33 indicated
that they essentially shopped for clothing at the store they had
indicated earlier. This accounts for 44.00% of the respondents.
Interpretation
Percentag
Factors Total
e
Quality 20 26.67%
Fashion 5 6.67%
Affordability 10 13.33%
Variety 4 5.33%
All under one roof 10 13.33%
Brand name 11 14.67%
Service 4 5.33%
Store atmosphere 3 4.00%
Loyalty 5 6.67%
Proximity 3 4.00%
75 100%
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25
20
20
15 11
10 10
10
5 4 4 3 5 3
5
0
lty
y
lity
ty
ity
of
e
e
on
re
lit
ic
ie
ya
ro
im
ua
e
bi
hi
rv
r
na
ph
Va
Lo
a
ox
s
Se
Q
rd
Fa
on
os
d
Pr
fo
an
m
er
Af
Br
at
d
un
e
or
l
Al
St
Factors
Brand nam e,
14.67%
Fashion, 6.67%
Data Collected
Analysis
From the table, bar graph and pie chart depicted above, the
influencing factors are evident. The reasons include: Quality,
Fashion, Affordability, Variety, All products under one roof, Brand
name, Service, Store atmosphere, Loyalty, and Proximity.
Interpretation
From the table, graph and chart depicted above, it is evident that
customers give value to a great many number of factors when
deciding which store to shop at. It would be prudent on the part
of the company to identify their strong and weak areas, which
attract or drive away customers to/from their stores.
Percentag
Details Total
e
Quality 23 30.67%
Brand 11 14.67%
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Price 16 21.33%
Store layout 6 8.00%
Proximity 5 6.67%
One-stop shop 14 18.66%
75 100%
Prefere
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Data Collected
Analysis
From the table, bar graph and pie chart depicted above, the
preference points of consumers is evident.
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Interpretation
Percentag
Details Total
e
Yes 33 44.00%
No 42 56.00%
75 100%
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Data Collected
Yes
44.00%
No
56.00%
Analysis
From the table, bar graph and pie chart depicted above, the
influence of advertisements and promotions on the psyche of
consumers is evident. Of the 75 respondents who answered the
questionnaire, 42 replied that advertisements have little or no
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effect when deciding where to shop at. This accounts for 56.00%
of the respondents, who indicated the choice ‘No’.
Interpretation
Percentag
Details Total
e
Print 28 37.33%
TV 40 53.33%
Radio 7 9.34%
75 100%
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Radio
9.34%
Print TV
37.33% 53.33%
Data Collected
Analysis
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From the table, bar graph and pie chart depicted above, the
effectiveness of the various modes of advertising on the psyche
of consumers is evident. Of the 75 respondents who answered
the questionnaire, 40 indicated that the television is the most
effective means of advertising for a store. This accounts for
53.33% of the respondents, who indicated the choice ‘TV’.
Interpretation
Satisfaction level
Satisfac
B
Nev
Highly Satisfied,
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Data Collected
Analysis
From the table, bar graph and pie chart depicted above,
satisfaction levels with the above 75 respondents who answered
the questionnaire, 43 indicated a satisfactory response towards
Big Bazaar, and 2 had not visited the store.
Interpretation
There are also quite a few respondents who were highly satisfied
with the retail chains. It is imperative for the stores to find out
why this is so. They can modify and apply the same attractions
towards the consumers who are less satisfied.
Analysis
From the pie chart depicted above, satisfaction levels with Big
Bazaar are evident. Of the 75 consumers who answered this
question, 57.33% indicate that they are satisfied with Big Bazaar.
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Interpretation:
This goes to show that although Big Bazaar may have an overall
goodwill from the consumers, there are still some things that they
are not doing right. Big Bazaar must identify exactly what the
problem areas are and must address them quickly and swiftly.
The above pie chart shows that almost 30% of the respondents
fall into the category of potential customers. Big Bazaar must
take effective steps to attract these consumers.
It is not surprising that the youth most frequent malls and retail
stores. What is unexpected, however, is the fact that more people
who fall into the older age group visit the retail stores than those
who fall in the middle age group. Then again, this deduction cannot be
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applied to the entire population of Bangalore. The disparity can be attributed to the
small size of the sample under study.
Consumers were also asked to indicate their gender. The object of this question is
to understand the demographics of the population under study. By analysing the
responses to this question, we, the researchers, as well as companies, can identify
the distribution in the number of men and women who visit the retail outlets and
appropriate decisions can be made keeping these numbers in mind.
The highest number of respondents were female, as is depicted by the graph and
chart presented above. The number of male respondents was less compared to the
female respondents.
Two deductions can be made from the above data collected: one, more women
visit retail outlets than men. Two, more women are willing to fill out
questionnaires and take a survey than men.
This can help the companies and researchers in undertaking future decisions and
studies. Since more women can be inferred to visit retail stores than men,
companies can target their offerings and marketing strategies in two areas. Retail
outlets can appeal to the women customers by offering more products geared
especially towards women. They can provide a shopping experience that women
are particularly attracted to.
Another way that retail chains can use the above data is to appeal to the men rather
than the women. Since, fewer men visit retail stores as against women, the
companies have a large base of potential customers. By providing products that are
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geared towards men and by providing a shopping experience that attracts men, the
retail chains can expand their customer base.
Consumers approached were asked about their frequency in visits to shops. The
frequency points furnished were: Once a week, Fortnightly, and Once a month. By
analysing the responses to this question, we, the researchers, as well as companies,
can identify the number of times a customer is likely to shop in a month’s time.
The highest responses have been attributed to once a month shopping. It can be
deduced that consumers who shop only once a month look to buy groceries and
other essentials to last them a month. Therefore, retail outlets have tough
customers in those who shop once a month. Such customers look to buy in bulk.
Moreover, such customers may not be open to experimenting with new stores.
Hence, to capture this market, retail outlets must put in place strategies that attract
them. Once they profess a liking to a certain store, they turn out to be very loyal
customers.
Consumers who shop once a week, on the other hand, pose very different
challenges to retail stores. Such customers can be presumed to have a high
disposable income and may buy more lifestyle or fashion products. Since they
shop so frequently, they must continually be entertained and attracted to make
repeat purchases at stores. When targeting this segment, companies must be able
to get new stock every week, and update their marketing strategies continuously.
Consumers approached were asked which stores they shopped at frequently. The
retail store brands placed before them were Big Bazaar, Shoppers’ Stop, Marks &
Spencer, and others. By analysing the responses to this question, I as, a researcher,
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as well as companies, can identify customer preferences among the varied choices
of stores, and can calculate how much market share they hold.
The highest number of responses has been attributed to Big Bazaar. Big Bazaar
attracts people of many income groups, and offers products that appeal to a wide
array of consumers.
It can be deduced from the above figures that the category ‘Others’ was indicated
by more number of respondents than those who indicated they frequent Marks &
Spencer. This may be because Marks & Spencer targets only the elite classes in a
city where a higher percentage of the population belong to the middle income
group.
In analyzing the other stores that consumers frequent, outlets such as Westside,
Monday to Sunday, More, Central etc., featured. This indicates that more people
frequent stores that cater to the middle income group. This is not to say that Marks
& Spencer has no customer base. However, they may be unable to generate a high
volume of repeat sales.
Consumers approached were asked to indicate the types of products they mostly
shopped for at the stores they had selected earlier. The types of products presented
were Clothing, Accessories, Groceries and others. By analysing the responses to
this question, we, the researchers, as well as companies, can identify the main
attractions of products and services offered.
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The high number of responses indicate that a large number of consumers visit
retail outlets for clothes/dresses/apparel. Accoutrement is the hottest selling item
that any retail outlet can provide. One-third of the respondents indicated that the
visit retail outlets to purchase groceries.
To the retail stores, the above tabulated responses lead to a very important result.
Clothing is the fastest moving consumer good. Retail outlets that provide apparel
can see a higher rate of turnover and sales volume.
From the table, graph and chart depicted above, it is evident that customers give
value to a great many number of factors when deciding which store to shop at. It
would be prudent on the part of the company to identify their strong and weak
areas, which attract or drive away customers to/from their stores.
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The highest responses and the highest ranking have been attributed to quality of
the products on sale. When choosing to shop at a particular store, or when
favouring one store over the others, it is seen that most consumers make this
decision based on the quality of the products on offer.
The next criteria that influence the consumers in favouring a particular store over
others are (in descending order) – Price, One-stop shop, Brand, Store layout, and
Proximity.
Although it is said that the most important things in retail are “Location, location,
and location”, from the consumers’ point of view, proximity is of little concern.
The quality, price and variety of goods play big roles in the decision making
process.
From the tabulated data depicted above and responses of the consumers, it is
evident that a slightly higher number of respondents do not give much importance
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This indicates that although most consumers are aware of the advertisements and
promotional campaigns, a slightly higher percentage of consumers are not swayed
by the marketing strategies instituted by the companies.
This is not, however, to say that advertisements and promotional activities have no
bearing on the minds of the consumers at all. The responses only indicate that
advertisements serve to keep the brand in retention although they do not guarantee
sales. The products sold at the stores have the biggest impact on attracting and
retaining customers.
Consumers approached were asked which form of advertisement they thought was
most effective. The methods of advertising were restricted to three – Television,
Print and Radio. By analysing the responses to this question, I as, a the researcher,
as well as companies, can identify the effectiveness of advertisements through the
media identified.
From the tabulated data depicted above and responses of the consumers, it is
evident that the majority of the respondents feel that television advertising is the
most effective means of advertising. This is indicative in spite of large number of
commercials that the public is bombarded with.
The respondents give very little credit to radio advertisements. This is indicative of
the fact that most of the public ignore radio advertisements or else that radio
advertising does not translate into sales.
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Thus, it can be surmised that when advertising, more effective media to reach the
consumer and persuade them to buy are the television and print media, more so
than radio advertising.
Consumers approached were asked about their satisfaction covered in this study.
The satisfaction scale of Big Bazzar comprised of four ranks – Unsatisfied,
Satisfied, Highly Satisfied and Never Visited. The object is also to analyze how far
the marketing strategies, brand image, advertisements, layout, quality etc.,
contribute towards consumer perception and satisfaction.
From the tabulated data depicted above and responses of the consumers, it is
evident that a good number of target consumers are satisfied with the stores at
large. However, there are those who are unsatisfied or who have never visited the
store at all. Such consumers form the potential market that the companies must
strive to attract.
There are also quite a few respondents who were highly satisfied with the retail
chains. It is imperative for the stores to find out why this is so. They can modify
and apply the same attractions towards the consumers who are less satisfied.
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The above table and graph give a worm’s eye-view of the consumer perception of
the three stores. This can help the marketers understand how effective their
strategies have been.
A little more than half of the respondents indicated that they are satisfied with Big
Bazaar, while almost one-eighth indicated that they are highly satisfied with the
store. However, almost one-fourth of the number of respondents indicated that
they were unsatisfied with Big Bazaar.
This goes to show that although Big Bazaar may have an overall goodwill from
the consumers, there are still some things that they are not doing right. Big Bazaar
must identify exactly what the problem areas are and must address them quickly
and swiftly.
The above pie chart shows that almost 30% of the respondents fall into the
category of potential customers. Big Bazaar must take effective steps to attract
these consumers.
BIG BAZAAR
Pros:
3. Price: As noted the prices and offers in Big Bazaar have been
one of the main attractions and reasons for its popularity.
The price ranges and the products offered are very
satisfying to the customers.
4. Location: The location of Big Bazaar has been mainly in the
heart of the city or in the out skirts giving a chance to both
the City and the people living outside the city to shop.
5. Advertisements: Big bazaar has endorsed very popular figure
like M S Dhoni and other famous personalities which has
attracted a lot of customers. This has resulted in increase of
sale and the outdoor advertising techniques have also
helped Big Bazaar.
6. Middle class appeal: Considering the fact that there are a lot
middle class families in India, Big bazaar has had a huge
impact on the middle class section of India, the prices,
quality and sales strategy has helped in getting the middle
income groups getting attracted towards Big Bazaar.
7. Attractive sales: Big bazaar has been known for its great sale
and great offers. Big bazaar has had long lines of people
waiting to get into the store for the sale. Therefore, the sales
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that Big Bazaar has had has increased sales in a huge way
due to the sales and offers, thus this has been one of the
main advantages of Big Bazaar.
Disadvantages:
4. Not acclaimed for very good service: Big Bazaar is not known for
high class service. The staff recruited is not very well trained
and the billing queues take a long time to move, this
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