Professional Documents
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Project Report
Submitted for the course: Retail Managemant
By
Sahithi Kantheti
Slot : G2
(VITBS)
November,2016
From the given Categories we selected Women Fashion wear. We choose Unlimited &
reliance trends retail Fashion stores for the comparison. In that We selected 2 Varieties -
Kurtis from ethnic wear & Jeans from western wear. The reasons for selecting these 2 stores
are , They are located in the same area and are of Same price ranged stores.
Assortment:
Unlimited Reliance trends
What is breadth of the assortment?
Considered assortment :- Kurtis , Jeans Considered assortment :- Kurtis , Jeans
How many different brands?
Kurtis:- Karigari , Acrahi , Nayans Kurtis : -avaasa , Fig , Rio
Jeans :- Cherokee Jeans :- Fusion
How many different products for each brand?
Karigari :- Kurti , Churidars , dupatta , Avaasa :- Kurtis, Churidars, Salwars,
leggings. Skirts, Dupatta
Acrahi :- Short kurti , dupatta , pattiyala. Fig:- Kurti , Churidars , dupatta ,
Nayans:- Only kurtis leggings
Cherokee:- Jeans , western tops. Rio:- Only kurti & leggings.
Fusion:- all western wear.
How many different SKUs for each product?
Kurtis: - 14 Kurtis:- 9
Jeans:- 8 Jeans:- 7
Which brands are featured?
Karigari Avaasa
What is the depth of each SKU ?
14-16 8-10
How much additional inventory is kept in the back room?
500 units of different SKU's 150-200 SKU's
Sales velocity:
Unlimited Reliance trends
What is their inventory turn of the category?
Kurtis :- Monthly twice Kurtis:- Monthly thrice
Jeans: - Monthly once Jeans:- Monthly twice
How does that compare with other categories carried by the store?
Approximately same for all categories Approximately same for all categories
besides accessories besides accessories
How frequently do units sell?
Kurtis:- On average 20-25 per day Kurtis:- On average 18-20 per day
Jeans:- on average 30 per month Jeans:- On average 35 per month
Which items are the big sellers for the category?
Ethnic wear Western wear
How is the amount of shelf space determined for products?
Based on the previous sales of Based on the previous sales of
different categories different categories
Are fast movers given more shelf space than slow movers?
Yes, fast movers are given more shelf Equally distributed
space compared to slow movers
Ordering and deliveries:
Unlimited Reliance trends
How often is inventory ordered?
Twice a month Thrice a month
How often are deliveries of inventory received by the store?
Within a week Within 3-5 days
How is inventory received, and from where, and where does it go once it
reaches the store?
Arrives in a case pack or bulk through Arrives in a case pack or bulk through
distribution channel ( SRS transports ) distribution channel From Bangalore &
From Bangalore , The arrangements will Chennai. The arrangements will be made
be made according to the stock. according to the stock.
Seasonality:
Unlimited Reliance trends
To what extent does seasonality affect the category? Are most of the sales
in December?
As considered categories are kurti and As considered categories are kurti and
jeans they are not effected by jeans they are not effected by
seasonality because they are minimum seasonality because they are minimum
wardrobe essentials in any season. wardrobe essentials in any season.
No, Most of the sales are in October & Yes , Most of the sales are in December
January as its is diwali & pongal time as there will be an end of the season sale.
Promotions:
Unlimited Reliance trends
How much of the category is sold on promotion as opposed to regular
price?
None. None. Because considered None. because considered categories are
categories are kurtis and jeans they are kurtis and jeans they are sold based on
sold based on experienced comfort and experienced comfort and satisfaction of
satisfaction of customers besides customers besides promotions.
promotions.
How are promotions planned and executed?
They are planned by centralised They are planned by centralised as well
marketing committee. as local marketing committee based on
the sales.
Pricing:
Unlimited Reliance trends
What is the price range of the store relative to other store formats?
Average Average.
What are the average margins?
599 for kurtis 499 to 599 for kurtis
999 for jeans 1299 to 1599 for jeans
Does the store work with mark-down allowances? How are the markdowns
used?
No. Yes. they work on mark-down
allowances. to sell out the stocks which is
remained after the completion of seasons.
Multi-channel presence:
Unlimited Reliance trends
Does the store use other channels or does it rely solely on its brick and
mortar presence?
They only use direct marketing like Yes. they do use internet and direct
holdings, newspaper adds, direct marketing they have their own website
SMS, pamphlets , phone calls , emails which displays all its new arrivals and
and etc., also offers. direct marketing includes
holdings , newspaper adds , direct sms ,
pamphlets , phone calls etc.,
Effectiveness:
Unlimited Reliance trends
How does each store appear to be doing?
Its performance is very high, it seems As it is a new store it is in initial stage.
to reach higher targets than expected. It takes some time to be notified by the
target market but being a well
established retail brand all over india it
will have a bright future eventually.
Is there are strong future for the category in the format, or does it seem
like a bleak future?
There is a strong future for both the There is a strong future for both the
categories. categories.
Planning:
Buying:
Unlimited Reliance trends
How much extra inventory is being purchased for the promotion?
Nil Nil
How far in advance does the buying occur?
Based on the stock levels and Generally trends order the stock one
completion of the present stock. month before but in Vellore they buy
after the completion of the stock.
What type of forecasting method(s) are used to assist in the buying?
Depending up on the sales of Depending upon the seasons they buy
particular product in past 3-6 months. and change their stock
Merchandising:
Unlimited Reliance trends
How is the promotion being executed in the store?
Word of mouth by the sales persons Word of mouth by the sales persons and
as well as banners in front of the decorating the store with offer tags
store indicating the offers. hanging on different products & Brands.
Are featured products in multiple locations?
Yes ( As Kurti & Jeans are basic outfits) Yes ( As Kurti & Jeans are basic outfits )
What sort of signage is being used?
Persuasive signage ( as it influences Informational signage ( It is easy for
customers through convincing customers to find what they came in
language or attractive imagery. ) for , The more likely there are to rely
on that convenience in the future
Communication:
Unlimited Reliance trends
What media are being used to communicate the promotion?
SMS SMS , Mails , Phone calls ,
pamphlets.
When were the media buys made, and who made them? When do the ads
run?
That is completely in hands of Both centralized & local managers
centralized marketing managers. discuss depending up on the
upcoming season sales.
To what degree is co-operative advertising used?
There is no co operative advertising There is no co operative advertising
being used. being used.
What other marketing is being used (e.g: radio promotion, circulars, web site)?
ATL ( above the line ) , BTL (below TV , News papers , Digital Marketing
the line ). (Video advertisements before You
tube Videos , Face book , Social
networking sites.)
How is the promotion being communicated to employees, and do the
employees understand the promotion?
Centralized marketing committee
Centralized marketing managers give
send the mails to every employ the information regarding to the
describing the promotions. the local promotions to the local managers and
managers also explains it clearly by he coveys that to the employees
arranging meetings in the store. adding his own Ideas too.
What is the staffing level for the promotion period (i.e., is it greater than
normal)?
Staffing level remains same for both Staffing level remains same for both
promotional and non promotional periods promotional and non promotional periods
Measurement:
Unlimited Reliance trends
How will the success of the promotion be determined? What are the
specific metrics?
Comparing the sales before promotion They analyze the rate of sales in
and after promotion. The Exact different time periods ( season sales )
metrics used here is Cost of sales to and compare that with the total sales
revenue ratio. of the financial year. so that they
identify the peak time of sales due to
promotion. The exact Metrics used
here is Time spent selling.
Which is more preferable at the end of the promotion, to have excess
inventory or to have items out of stock?
To have Items out of stock. To have Items out of stock.
The store is not at all The store is moderately The store is highly
crowded. The crowded. compared to crowded.
management mentioned unlimited the store has
that the crowd is more crowd but less than Compared to both
depending upon the MAX. Reliance Trends and
season. unlimited it has more
The aisles are highly crowd. the aisles are
The aisles are wider. The customers closer to each other
moderately wider. The don't get into each others compared to other two
customers don't get into way as it is spacious. stores.
each others way as it is
not that congested. Yes, the customers get
into each others as it is
congested.
No, the store is not at No, the store is not at No, the store is not at
all accessible to all accessible to all accessible to
people with people with people with
disabilities. disabilities. disabilities.
yes, customers behave in some common patterns like they shop more only during
offers, special occasions(like festivals), their own reasons(birthdays,
anniversaries).shopaholics come to stores when they are bored and buy without any
specific reason.
When we compare the three stores, we feel that each store has its own advantage and
disadvantages depending upon their location, store ambience, brands, accessibility,
seasonal promotions & sales. they are appropriate with what they are at present even
though they have minute mistakes.
We recommend MAX Store as it possess wide variety in each category which are
budget friendly for all classes. they always have attractive offers which is the other
main reason to recommend.
e) Could the stores you visited use e-commerce to improve in these three
areas?
Already two of the stores(MAX & Reliance Trends) are using ecommerce and the other store
i.e, Unlimited also can use e-commerce to increase its sales and goodwill but they are highly
interested in retailing at present. But in future may be 5 years they are willing to work on e-
commerce expansion of store.
Images Of the two stores