Professional Documents
Culture Documents
SUBMITTED TO
SUBMITTED BY
VEDANT PARDESHI 36
(PROJECT GUIDE)
THROUGH
1
2021-22
DECLARATION
I, the undersigned, hereby declare that the Project Report entitled “Business
Exposure in Retail Management” written and submitted by me to the Savitribai
Phule Pune University in partial fulfillment for Second year of Bachelor of Business
Administration (BBA) under the supervision of Asst. Prof. Priya Nair is my original
work and the conclusions drawn therein are based on the material collected and
observations made by me.
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ACKNOWLEDGEMENT
I would especially appreciate the crucial role of my teacher Prof. Priya Nair, and the
BBA Coordinator Dr. Deepa Dani, whose contribution and stimulating suggestions
guided and encouraged me in this project. I would also like to thank (the employees
of, _____________________________ Ltd., for their responses and co-operation
and,) all those people who gave their valuable time, support and feedback for this
project.
I would like to thank my college for supporting me with the resources which helped
me a lot. Also, I would like to acknowledge contributions of various official
websites and books mentioned in the bibliography for helping me with the data
collection and analysis which have provided me with the relevant information for me
to successfully complete my Project.
3
Modern Education Society’s
NESS WADIA COLLEGE OF COMMERCE, PUNE
Certificate
This is to certify that VEDANT PARDESHI, student of SYBBA has conducted four
activities / minor projects for Business Exposure in Retail Management. The reports
of these activities are submitted herewith in partial fulfillment for Second year of
Bachelor of Business Administration.
He has worked and completed his project report under our guidance and direction.
His report is found to be satisfactory.
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SUMMARY
5
INDEX
Sr. PARTICULARS / TOPIC Page
No. No.
1 RETAIL MANAGEMENT: AN INTRODUCTION 8
2 BUSINESS EXPOSURE 11
2.1 WALMART 12
2.1.1 Introduction and Activity statement 13
2.1.2 History of the Company 13
2.1.3 Retail format & marketing mix 14-20
2.1.4 Elements of Store design -interior with PHOTOS 20-23
2.1.5 SWOT Analysis / Findings 24
2.1.6 Take Away / Learning Outcomes 25
2.2 ADIDAS 26
2.2.1 Online surveys 27
2.2.2 Adidas store surveys 27
2.2.3 History of the company 27-28
2.2.4 Survey Questions 28-35
2.2.5 Findings 35
2.2.6 Conclusion 35-36
2.3 DECATHLON 37
2.3.1 Virtual tour meaning 38
2.3.2 History of the Organization 38-39
2.3.3 Departmental store 39
2.3.4 Features of departmental store 39-40
2.3.5. Advantages of departmental store 40
2.3.6 Disadvantages of departmental store 41
2.3.7 Store layout 41-42
2.3.8 Retail store location 42-43
2.3.9 Conclusion 43
2.4 ZARA 44
2.4.1 History of the Company 45
2.4.2 Store layout 45-50
2.4.3 SWOT analysis 51-53
2.4.4 Marketing tactics 53-57
2.4.5 Logistics 57
2.4.6 Merchandising 58-59
2.4.7 Conclusion 59-60
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3 APPENDIX / ANNEXURE 61
4 REFERENCES/BIBLIOGRAPHY/ WEBLIOGRAPHY 61
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RETAIL MANAGEMENT
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Introduction: Retail Management is the process which helps the customers to
procure the desired merchandise form the retail stores for their personal use. It
includes all the steps required to bring the customers into the store and fulfil their
buying needs.
Retail management saves time and ensures the customers easily locate their
desired merchandise and return home satisfied. Fashion Retail Management gives
insight into the principles of fashion marketing, retail buying and merchandising
and imparts basic fabric knowledge - from fibre to fabric and fabric to garment. It
gives an overview of the concept of visual merchandising and lays emphasis on
customer relationship management, brand management and sales management.
Retail management has become one of the fastest growing careers in the industry
with the tremendous growth in the economy. Retail Market of India is the most
attractive and emerging market in the world and has demanded a greater number
of trained professionals in this field. Many retail professionals think that retail
management will soon entail virtual reality shopping, where the customer can visit
their favourite store, view their products, interact with the staff, and make a
purchase, but never leave the house. Others say that there will be less waste and
that everything about retail will be simplified—from the displays to packaging to
inventory.
● Planning: Deciding what needs to happen in the future (today, next week,
next month, next year, over the next five years, etc.) and generating plans
for action.
● Organizing: Implementing a pattern of relationships among workers and
making optimum use of the resources required to enable the successful
carrying out of plans.
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● Staffing: Job analysis, recruitment, and hiring of people with the necessary
skills for appropriate jobs. Providing or facilitating ongoing training, if
necessary, to keep skills current.
● Leading/directing: Determining what needs to be done in a situation and
getting people to do it.
● Controlling/monitoring: Checking current outcomes against forecast plans
and making adjustments when necessary so that goals are achieved.
● Motivating: Motivation is a basic function of management because without
motivation, employees may feel disconnected from their work and the
organization, which can lead to ineffective performance. If managers do not
motivate their employees, they may not feel their work is contributing to
the overall goals of the organization (which are usually set by top-level
management).
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BUSINESS EXPOSURE
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2.1 WALMART
Case study of a famous MNC retailer with its SWOT Analysis.
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WALMART.
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2.1.3 RETAIL FORMAT & MARKETING MIX
There are different business models that are followed by successful companies
which varies from time to time. The business model of Walmart is based to
eliminate the middleman from the distribution channels. The advantage after
removing the middleman is to provide benefit to the consumer by providing
products at lower costs. The main motive of the Walmart business strategy
company is to enter every segment of the market and dominate the market by
providing products at a lower price.
The main marketing strategy of the company is based on leading on price, be
competitive, and deliver a great experience by the motto of Everyday Lower price.
Walmart has three important sections-
Walmart U.S
Walmart U.S is operated in the U.S. They provide customers with products and
services that are not present physically in stores. They provide their services via
the website and mobile application. The website of Walmart company has a
special feature that provides a third party to sell products. The company operates
its business on various platforms like supermarkets, discount stores, neighborhood
markets, and e-commerce websites.
Walmart International
Walmart International is also divided into three sections which are retailers,
wholesalers, and other small projects. These sections are also divided into various
sections such as supermarkets, warehouses, electronics, apparel stores, drug stores,
digital retailers, and many more.
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Sam’s Club
It is the online platform of Walmart’s company i.e., “samsclub.com”. This club is
consists of memberships of the only warehouse retailer operations. This section
includes warehouse clubs in the U.S, as well as samsclub.com.
● Established in 1962,
Walmart started its operations more
than 50 years ago.
● Walmart is the largest retail
store in the world and often enjoys
the largest revenue base.
● The retailer employs over
two million employees and
operates more than 10,000 retail
stores worldwide.
● It is present in over 50 countries worldwide.
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Provided below is an explanation of how Walmart handles its marketing mix core
principles. The five core principles of a marketing mix are Price, Product,
Promotion, Place, and People.
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Walmart Marketing Mix – Product
Walmart stores sell a wide variety of products. They bring to the market what
customers want. Selling and promoting a product that people want is easier than
trying to introduce innovation in the market. In selecting their product mix,
Walmart employs the following strategies:
● They offer a wide variety of products in almost every category. These range
from groceries, hardware, furniture, appliances, health goods, wellness, to
entertainment.
● They buy in large quantities to achieve discounts and economies of scale.
● They maintain a strong relationship with their suppliers.
● Walmart white labels products that are then exclusively available in
Walmart stores.
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● They provide secure shipping methods that ensure the highest level of
service for customers who purchase online.
● Walmart offers reliable warranties and replacement policies for a majority
of their items sold, which gives customers peace of mind when purchasing.
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● Great geographical placements, particularly in the USA, with Walmart
outlets strategically located.
● A fleet of delivery trucks for efficient door-to-door deliveries.
● Branding and differentiation of their many Walmart outlets, such as
Walmart Supercenters, Walmart Neighborhood Market, Walmart Express Stores,
and Walmart Discount Stores.
Product Revenue
Walmart has a wide range
of products in various
categories:-
● In the grocery
category, they have products like Daily needs products, dairy products, frozen
foods, bakery, baby products, beauty aids, and many more.
● Health and wellness category have products like Pharmacy products and
clinical services.
● The entertainment category has products like electronics products, toys,
cameras, movies, music, videos, and books.
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● Stationary, paints, and hardware, Automotive, sporting goods, crafts, and
seasonal merchandise.
● Apparel categories include apparel for men, women, boys, girls, shoes,
jewelry, and accessories.
● Home appliances include home furnishing services, home decor, livings,
and horticulture.
Service Revenue
Walmart also provide services to generate revenue in various fields:-
● They provide financial services like prepaid cards, money orders, wire
transfer, money transfers, bill payments, and so on.
● VUDU movie streaming services:- This is a subscription-based OTT
platform for buying and renting movies, watching TV shows on demand.
● Clinical Services include primary health care, Physical and Wellness
checks, Clinical lab tests.
● Health Insurance services.
Retail Strategy
Walmart’s store design helps support their retail strategy of saving money and
living better through the use of a cost efficient grid layout. Walmart also aims to
develop a more upscale brand image by designing the outside of the building to
match the scenery of the location. The store in Spearfish has ventured away from
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the traditional blue color that most
Walmart stores have as their outside color
and chose the color green to correlate
with the green scenery of the Black Hills
Customer Loyalty
Walmart helps build customer
loyalty by providing utilitarian
benefits. The store in Spearfish uses
a grid layout. This layout consists of
parallel aisles with merchandise on
shelves on both sides of the aisles. Signs are hung above the aisles in the grocery
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department letting you know which items are located in the aisle. Also, because
this store is a supercenter, they incorporate a variety of different departments into
their store layout, such as a tire and lube department, pharmacy, bank, salon, and
optical center. Because you can accomplish a variety of things while visiting just
one store, this layout creates an attractive feature to a lot of customers which
makes consumers want to patronize the store repeatedly. Customer loyalty is built
by helping people minimize the time spent on shopping by helping them to locate
the items they want quickly.
Controls Costs
Our Walmart helps control costs by using self-checkouts. Fewer employees are
needed to facilitate completing customer’s transactions therefore lowering the
costs. In the frozen food section, rather than having the coolers lit all the time they
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are equipped with timed lighting that illuminates the cooler only when the freezer
door is opened. Also, throughout the entire store Walmart has cameras in place to
help prevent theft. There are two entrances and both are equipped with theft
devices that sound an alarm when merchandise passing through hasn’t been
cleared through the checkout process.
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2.1.5 SWOT ANALYSIS OF WALMART.
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2.1.6 CONCLUSION:
Wal-Mart having global presence is able to manage profits and sustain currently.
But in future it’s hard to keep running the company further since market needs,
customer preference are changing and as we all know that same strategy may
not suite all needs which is really true in case of Wal-Mart. This slow growth rate
and decreasing brand value is clear indication of its downfall. So Wal-Mart has to
keep changing its strategies as per respective market needs and customer
preferences. We all know core-competencies & strategic approaches are not
constant, they all change as environment in which they operate changes.
Change is common and change management activities (organization design,
information technology & organizational development) should be carried out
keeping in mind the customer value, customer satisfaction in mind as they are
interrelated. Unless Wal-Mart adapts to growing various market needs and
changes by increasing customer value, it’s hard to propel as a global
organization.
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2.2 ADIDAS
Online survey through Google forms about store layouts, online retailing
format, safety or difficulty of transactions, awareness creation measures
for the same etc.
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2.2.1 Online Survey
Adidas AG is a German
multinational corporation,
founded and headquartered in
Herzogenaurach, Germany, that
designs and manufactures shoes,
clothing and accessories. It is the
largest sportswear manufacturer
in Europe, and the second largest
in the world, after Nike.
Wikipedia
• Founder: Adolf Dassler
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• Founded: 18 August 1949, Herzogenaurach, Germany
• CEO: Kasper Rørsted (1 Oct 2016)
• Headquarters: Herzogenaurach, Germany
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• In this I have even collected responders email-I’d.
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and MAYBE, it seems to be that according to them products are not easily
accessible throughout the store of adidas.
Q5) for clothing and all purchasing and all necessary items, which store
do you prefer?
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store. People are satisfied with the adidas store layouts.
Q8) which mode of transaction you use now days in adidas why?
• This seems to be
interesting.
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Q9) ARE the transaction done successfully after purchasing of any product from
adidas.
• 97.37% responded with
yes and they are satisfied.
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Q11) During The COVID-19,
Scenario, Did The Adidas Stores
Are Taking Proper Precautions
To Ensure The Safety Of The
Consumers?
• I have asked that did
adidas stores are taking
proper precautions during this
pandemic and the responses
were YES. It means stores are
taking proper precautions like
sanitization and providing mask
and all.
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Q 13) how you get aware about
discount and new offers of
adidas products?
Q14) If you are not wearing masks or not using precautions during this
pandemic, did adidas store
guard take action or not?
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taking precautions during this pandemic.
2.2.5: FINDINGS:
2.2.6 CONCLUSION/OBSERVATION
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• Online shopping experience from their official website was also
GREAT and people are satisfied with experience.
• People didn’t face any trouble while doing the transaction online
and offline (in the store).
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2.3 DECATHLON
Virtual tours and analysis of different types of retailer formats.
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2.3.1 Virtual tour meaning:-
A virtual tour is a simulation of an existing location, usually composed of a
sequence of videos or still images. It may also use other multimedia elements such
as sound effects, music, narration and texts. Unlike the virtual tour’s static
wrap-around feel, a video tour is a linear walk-through of a location.
2.3.5 HISTORY :-Decathlon is a French sporting goods retailer. With over 1647
stores in nearly 300 cities in 57 countries and regions (Jan 2020), it is the largest
sporting goods retailer in the world.
The company manages the research, design, production, logistics and distribution
of its products in house; partners with global suppliers; and markets their own
brands directly to consumers in Decathlon-branded big-box stores.
Founded by Michel Leclercq in 1976, Decathlon started with a store in Lille,
France. Its holding company was formerly known as Oxylane.
The company expanded abroad a decade later: to Germany in 1986, Spain in 1992,
Italy in 1993, Belgium in 1997, Portugal, the United Kingdom in 1999, Brazil in
2001, China in 2003, India in 2009, Turkey and Czech Republic in 2010, Taiwan
in 2012, Hong Kong in 2013, Malaysia and Singapore in 2016, South Africa,
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Philippines and Indonesia in 2017 in South Korea and Australia in 2018, and
Canada in 2019. The company employs more than 87,000 staff from 80 different
nationalities.
The retailer stocks a wide range of sporting goods, from tennis rackets to advanced
scuba diving equipment, usually in large, big-box superstores averaging 4,000m2
in size. Decathlon Group markets its products under more than 20 brands. Its
research and development facilities are located across France, where the company
develops its product designs, registering up to 40 patents per year.
2.3.2 DEPARTMENTAL STORE
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directors.
5. Centralised purchasing: All the purchases are made centrally and directly from
the manufacturers and operate separate warehouses whereas sales are decentralised
in different departments.
2.3.4.1 ADVANTAGES :-
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2.3.4.2 DISADVANTAGES :-
● Departmental Store is operated large scale and many facilities are provided
to the customers, it increases overheads of the store considerably.
2.3.6.1 ADVANTAGE OF
DECATHLON’S GOOD
LAYOUT :-
● Reduces bottlenecks in
moving people or
material.
● Minimizes
materials-handling costs.
● Reduces hazards to
personnel.
● Utilizes labor
efficiently.
● Increases morale.
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● Utilizes available space effectively and efficiently.
● Provides flexibility.
● Provides ease of supervision.
● Facilitates coordination and face-to-face communication where appropriate.
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LOCATION : SGS MALL, CAMP, PUNE, MAHARASHTRA.
2.3.8 CONCLUSION:
Decathlon’s success is a direct result of its detailed pricing and marketing
strategies, but Omnia gave the company the tools to ensure that strategy became a
success. The company was able to outperform its own goal to double its growth,
and has secured its price perception as the best value-for-money sports retailer in
the.
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2.4 ZARA:
To study different store layouts, product display, logistics and merchandising
strategy.
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2.4.3 History
Zara is one of the world’s most successful fashion retail brands – if not the most
successful one. With its dramatic introduction of the concept of “fast fashion”
retail since it was founded in 1975 in Spain, Zara aspires to create responsible
passion for fashion amongst a broad spectrum of consumers, spread across
different cultures and age groups. There are many factors that have contributed to
the success of Zara but one of its key strengths, which has played a strong role in it
becoming a global fashion powerhouse as it is today, is its ability to put customers
first. Zara is obsessed with its customers, and they have defined the company and
the brand’s culture right from the very beginning.
● Store layout is the design of a store's floor space and the placement of
items within that store. Store layout helps influence a customer's behavior, which
means when done right, it's a key strategy to a store's prosperity.
There are various types of store layout these are the four main basic store layouts.
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2. Herringbone Store Layout
Similar to the ‘grid’ retail space design, a Herringbone shop layout design is suited
to spaces that need to cater for range of stock, but have limited space. This layout
usually has a single central aisle, with separate walkways either side for products.
One of the best examples of Herringbone shop layout design is IKEA’s self-service
pick up area. Although IKEA and limited space might not traditionally go hand in
hand, if you consider the amount of products they have to sell, and the single floor
warehouse space, it’s quite a challenge.
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3. Loop Store Layout
Also known as the “racetrack” layout, think of the loop design as the “yellow brick
road” of retail store layouts. Ebster uses this analogy to describe the way a loop
store layout uses a path to lead customers from the entrance of the store to the
checkout area. This is a versatile choice for store design when implemented with
another layout style or used as a prominent feature of the retail store. Ebster
recommends this layout for a larger retail space (over 5,000 square feet) and
encourages a clear and visible loop for customer flow.
Designers accomplish the loop effect by making the floor path a standout color,
lighting the loop to guide the customer, or using a different floor material to mark
the loop. Lines are not recommended, as they can be a psychological barrier to
some customers, potentially discouraging them from stepping away from the loop
and interacting with merchandise. Ebster encourages a loop design that rewards
the customer with interesting visual displays and focal points on the way to the
checkout area.
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4. Free Flow Store Layout
A free flow layout rejects typical design patterns and styles commonly used to
influence customer behavior. In a free flow layout, the intent is not to lead the
customer using predictable design patterns, displays, or signage. There are no
specific design rules followed for this retail store design, and customers have more
liberty to interact with merchandise and navigate on their own. For this reason, the
free flow layout is sophisticated in its simplicity.
Ebster points out that customers feel less rushed in this creative environment.
Retail stores look less sterile in the free flow design, and merchandise may seem
more intriguing. The only limitation for retailers using this layout is the overall
space available, but that doesn’t mean that the research on customer navigation
behavior and tendencies shouldn’t be accounted for as well. The main
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disadvantage to this experimental design layout is the risk of confusing customers
past the point of their preferred behavior and disrupting customer flow.
● The Zara brand offers men and women’s clothing, children’s clothing (Zara
Kids), shoes and accessories. The sub-brand Zara TRF offers trendier and
sometimes edgier items to younger women and teenagers.
● The company operates over 2,220 stores and is present in 88 countries.
Products of Zara
Zara has been successfully rising in the fashion apparel market for half a century
by selling –
● Clothing
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● Accessories
● Footwear
● Swimwear
● Beauty
Competitors of Zara
They are a boatload of fashion brands in the industry. However, the top 5 major
competitors are as follows –
● H&M
● Forever 21
● Boohoo
● Mango
● Marks and Spencers
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SWOC Analysis of Zara
2.4.4
Strengths of Zara
● Pioneer Advantage:
The focal point of instant fashion is to design, produce and sell at a fast rate.
Conventionally, this procedure is lengthy; but for Zara, it is only a matter of 3
weeks. As pioneers, Zara has the most developed, strategic practices in supply
network management.
● Stores:
Zara has outlets in 96 out of the 202 countries it sells in. Zara has the most
fashion retail stores in the world, with 2249 locations. The number of retail stores
is about double that of Nike, which has the second-highest number of retail stores.
● Supply Chain:
Zara’s supply chain updates its online and retail collections twice a week. Zara’s
ten logistic centres deliver within 48 hours to any region on the planet. Inditex also
has an in-house software development team that is working to increase the
company’s order fulfilment speed.
● Team of Designers: Zara has a design team of 700 trained designers who
turn customers’ desires into designs. Each year, the design team produces 50,000
pieces of work. It also takes them only three weeks to get the designs from the
drawing board to the shelves.
Weaknesses of Zara
Zara’s commitment to revising its collection every three weeks sets it apart from
other fashion houses. Zara’s dedication has earned it a spot on the top of the
industry. However, the advantage comes at a cost. Here’s some more information
on Zara’s weaknesses:
1. Instant-fashion Trends
Surprisingly, the movement that propelled Zara to the top is also the source of its
most serious flaw. Zara’s issue is to find a way of balancing sustainability with
instant fashion, which is becoming more popular among buyers and policymakers.
2. Physical Store Dependence:
Zara’s efforts to reduce the number of physical stores were pushed by the
pandemic. Zara was able to recover from a large reduction in sales due to
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COVID-19-related issues thanks to online sales. Even with the increase in online
sales, sales are still only 89% of what they were in 2019.
3. Expansion to the US and Asia-Pacific
Zara has a total of 99 stores in the United States, out of the total 2249 outlets, US
stores only account for barely 4.4% of the total. However, the United States is the
world’s largest apparel market. In addition, Asia-Pacific accounts for 38% of the
global apparel market. Zara has a little presence in both geographies.
Zara’s ability to quickly capitalize on fashion trends is one of its most significant
assets. Zara is in a good position to take advantage of upcoming changes because
of this edge. These are some of the opportunities
● Rapid Cycle
Customers visit Zara’s stores an average of 17 times each year, indicating a rapid
delivery cycle. This is due to the company’s proclivity for reacting to trends as
soon as they emerge. Zara currently creates a trend from start to finish in about
two to three weeks. The brand should be able to continue these cycles even further
in the future.
● Customization:
Thanks to AI, collecting data and segmenting the client base after evaluating it is
easier than ever before. This enables clients to receive customized
recommendations. Zara should use this technology to its advantage.
● Sustainability:
More than a third of Millennials and Gen Z look for “sustainable” and
“environmentally friendly” labels on clothing, according to the Sourcing General.
The two groups together account for half of the population. As a result, Zara must
pay attention to and respond to this expanding need.
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Challenges for Zara
In the traditional sense, Zara’s largest competitor is H&M, on the other hand, the
brand is now also facing a slew of internet-based competitors. But these rivalries
are only part of Zara’s problems.
● War of Prices:
Zara’s core niche is fast-fashion, which offers the latest runway trends to clients
swiftly and at a low cost. Imitators are conducting pricing wars to drain off Zara’s
line, but the sector is vulnerable.
● COVID-19 Pandemic:
Inditex reported a 44% reduction in revenues in the first quarter of 2020.
According to Inditex’s report, the closure of 88% of its outlets due to the
Coronavirus was the primary cause of the reduction in sales.
● Regulations And Restrictions:
In Spain, Inditex has 13 factories. Only three of the 13 factories were operational
in the early months of the epidemic due to the Spanish government’s lockdown
efforts. The company can expect similar restrictions as Europe and India prepare
for a Third wave.
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Focus on customer's experience
● Product used to be the focal point of every business, but not anymore. In
the new economy, the customer's experience matters more than the product itself
in the mind of the shopper. And Zara fully understands this. It tries to capitalize on
the store experience by always offering reasons for the buyers to revisit the stores.
A Zara's loyal customer can visit the store about six times per year.
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● Zara is not the cheapest in the fast-fashion industry, but it delivers
trend-right products at appealing prices consistently, which makes it have the
best-branded value.
INVENTORY MANAGEMENT
• Zara’s inventory management software lets the store managers
communicate customer feedback on what they’re looking for, what they like and
dislike. Zara’s designers keep sketching, based on the data.
• Focus on reducing response time.
• Stock outs are not uncommon
• The batches delivered are small, so if the hastily created design does not
sell well, little harm is done inventory-wise.
• Peaks in demand can be addressed quickly, as a Zara factory usually
operates only 4.5 days per week on full capacity, leaving flexibility for extra shifts.
• The core of Zara’s success is centralized enterprise
resource planning. Inventory, products, and logistics are managed in central
cloud-based software.
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PRODUCT DISPLAY
The product or merchandising display happens to be a special presentation of the
• This is in stark contrast to the average six months it takes to produces items
in the fashion industry.
• The company owns its supply chain and competes on its speed to market,
literally embodying the idea of 'fast fashion'.
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• The company often relies heavily on sophisticated fabric sourcing, cutting,
and sewing facilities nearer to its design headquarters in Spain.
• The wages of these European workers are higher than those of their
developing-world counterparts, but the turnaround time is miraculous.
2.4.6 LOGISTICS
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2.4.7 MERCHANDSING
Merchandising is the process of presenting and promoting retail goods for sale and
involves all of the non-verbal tactics retailers employ in-store to promote product
sales. Retailers merchandise their stores to increase sales by creating an effective
store layout, choosing the best products to sell, arranging those products
attractively, and pricing them competitively.
Global leader in rapid fashion Zara understands the importance of location. The
firm chooses real estate carefully, locating outlets in places where it can partner
with high-end fashion labels. Zara stores are surrounded by posh retail stores
offering exorbitantly expensive goods, making Zara appear much more affordable
for things that appear to be similar to its neighbours' — incentivizing people to
shop at Zara.
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is based on the idea of reciprocity, which states that when someone offers us
something, we feel obligated to repay the favor.
2.4.8 Conclusion
• To summarize, various store layouts, product presentation, logistics, and
merchandising strategy are essential aspects that can increase sales. The type of
display or technique used is determined by the store's type and the products it
sells.
• The Zara brand was created with a keen focus on customer experience -
which leads to its ability to provide trendy fashion quickly at affordable prices. In
addition to a super-effective supply chain, Zara also involves customers in the
design process and provides a unique competitive advantage. Fashion trends come
and fade quickly, but Zara is always able to quickly jump on the wave and bring
exactly what buyers desperately need to buy.
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• In a world of big data and quick decisions, I can only imagine more and
more brands taking Zara's approach in product development as well as customer
service. That said, it is a challenge for Zara in the future to adapt to a changing
market.
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4. APPENDICES
1. What is your age?
2. What is your gender?
3. Are you more willing to buy products online or in-store?
4. How satisfied are you with the availability of products?
5. Did you find enough range of products?
6. How safe did you feel while sharing your card details?
7. Do you like the store layout Decathlon?
8. Which Brands do you prefer above Decathlon?
9. Which mode of transaction do you use?
10. Were the transactions Successful?
11. Did the Decathlon stores take adequate precautions to ensure the safety of
their customers during the COVID-19 scenario?
12. How frequently do you shop at Decathlon?
13. How you get aware of discounts and new offers of Decathlon products?
5. REFERENCES/BIBLIOGRAPHY
• https://en.wikipedia.org
• https://www.businessinsider.in/slideshows
• https://www.marketing91.com/formats-of-retailing/
• https://iide.co/
• https://www.unibox.co.uk/news-inspiration/shop-layout-design-retail-displays
• https://businessmodelanalyst.com/
• https://www.google.com
• https://toughnickel.com/industries/Business-Operations-of-Clothing-Retailer-Zara
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