Professional Documents
Culture Documents
PREPARED BY
Pinaki Roy
VU Roll No - PG/ VUOAP02/MBA-IIS/ No. 284
VU Registration No – 00699 OF 2021-2022
Specialization -
Marketing Management (Major), Logistics and Supply chain (Minor)
SUBMITTED TO
Eastern Institute for Integrated Learning in Management, Kolkata
Affiliated to
VIDYASAGAR UNIVERSITY
August, 2022
1
COMPANY CERTIFICATE
2
DECLARATION
I, Pinaki Roy, do hereby declare that this report titled “A study onthe elements that influence the
buying decisions of the customers of SPENCER’S RASHBEHARI Ave. Outlet and driving out
various In-Store activities”
is submitted by me for the partial fulfilment of Master of BusinessAdministration in Vidyasagar University.
This report is exclusively prepared by me and has not been submitted toany other institutions or published
anywhere before.
DATE: 08/08/2022
PLACE: KOLKATA
Name: PINAKI ROY
Roll No: PG/ VUOAP02/MBA-IIS/ NO. 284
EIILM, KOLKATA
3
ACKNOWLEDGEMENTS
I would take this opportunity to thank Prof. (Dr.) R. P. Banerjee, Director, EIILM, Kolkata and other
faculty members of the institute for their cooperation and support.
I am also thankful to all others persons who directly or indirectly helpedme to accomplish my project work.
PINAKI ROY
Date: 08/08/2022 Signature
4
EXECUTIVE SUMMARY
Spencer’s Retail Limited, part of RP Sanjiv Goenka Group, is a multi- format retailer providing a wide
range of quality products across categories such as food, personal care, fashion, home essentials, electrical
and electronics to its key consumers. Specialty sections such asSpencer’s Gourmet, Patisserie, Wine and
Liquor, and the recently launched Epicurizing section are some of the key differentiators in our
hypermarket stores.
Spencer’s, being one of the earliest entrants into the retail space in India,introduced the Indian consumer to
the concept of organized retailing. The first ever hypermarket in India was launched by Spencer’s in
Hyderabad in 2000. Today, Spencer’s runs 120 stores, including 37 Hyper stores in over 35 cities in India.
Spencer’s brand positioning – Makes Fine Living Affordable – embodies its philosophy of delighting
shoppers with the best productsand services that enable a fine living at reasonable prices, while
providing them with a warm, friendly and educational retail environment.
The methodology for carrying out the project was very simple that is through primary data obtained through
medium like structured questionnaire survey sheets. The analysis of Customer data has been done with
respect to its various parameters. I hope Spencer’s retail ltd. Rash Behari Ave. will recognize this as well
as take more references from this project report.
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TABLE OF CONTENT
1. INTRODUCTION 10
4. METHODOLOGY 13
6. FINDINGS 30
7. RECOMMENDATION 31
9. CONCLUSIONS 34
10. BIBLIOGRAPHY 35
12. ANNEXTURE 39
6
LIST OF TABLES
1 AGE GROUP 13
2 GENDER 14
3 EDUCATIONAL 15
QUALIFICATION
4 OCCUPATION 16
5 MONTHLY INCOME 17
6 PREFER TO SHOP 18
7 FREQUENCY OF SHOPPING 19
8 DURATION OF SHOPPING 20
9 INFLUENCING FACTORS TO 21
SHOP
10 PREFERABLE SECTION 22
11 SPENDING HABITS 23
12 PHONE DELIVERY 24
AWARNESS
13 WIDE RANGE OF 25
ASSORTMENTS
14 RECOMMENDATION FOR 26
SPENCER’S RASH BEHARI
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LIST OF FIGURES
1 AGE GROUP 13
2 GENDER 14
3 EDUCATIONAL 15
QUALIFICATION
4 OCCUPATION 16
5 MONTHLY INCOME 17
6 PREFER TO SHOP 18
7 FREQUENCY OF 19
SHOPPING
8 DURATION OF 20
SHOPPING
9 INFLUENCING 21
FACTORS TO SHOP
10 PREFERABLE 22
SECTION
11 SPENDING HABITS 23
12 PHONE DELIVERY 24
AWARNESS
13 WIDE RANGE OF 25
ASSORTMENTS
14 RECOMMENDATION 26
FOR SPENCER’S
RASH BEHARI
8
INTRODUCTION
&
COMPANY PROFILE
9
INTRODUCTION
As a Marketing Intern, I was assigned to work in Spencer’s as a marketing trainee for Two months. The
main task was to understand theelements that influence the buying decisions of the customers of
SPENCER’S RASHBEHARI Ave.
Retailing is the process of selling consumer goods or services to customers througha physical outlet or via
online portal. The Indian Retail Market is one of the top five retail markets in the world by economic
value and India is one of the fastest growing retail markets in the world.
My study is based on a survey done on customers of Spencer’s Retail ltd. The study is on determining
the customer’s buying decisions, that influence the customers of Spencer’s Retail and the several
activities Ihave performed in my tenure of work in Spencer’s in Rash Behari Ave.
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COMPANY PROFILE AND PRODUCTS OFFERED
Spencer’s Retail Limited is a listed public company incorporated on 08 February, 2017. It is classified as a
public limited company and is located in Kolkata, West Bengal. It's authorized share capital is INR
1,500.05 Cr and the total paid-up capital is INR 45.07 Cr.
4. F&V (Fruits and Vegetables): This includes fresh Fruits and vegetables.
5. Home Work play (HWP): This includes water bottles, tiffin box, etc.
6. F&M (Fish and meat): This includes fresh fish and Meat, like Hilsa &Chicken
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OBJECTIVES OF THE STUDY
12
METHODOLOGY
RESEARCH DESIGN:
SAMPLING DESIGN:
1. Population: All the people who are the customers of Spencer’s Retail Rash Behari Ave.
4. Sample Size: 67
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DATA ANALYSIS & INTERPRETATION
DEMOGRAPHIC DETAILS
RESPONSES 2 9 20 36 67
Age group
BELOW 18 19-28 yrs 29-39 yrs ABOVE 40
3%
13%
54%
30%
INTERPRETATION: Most of the customers lies in the age group of above 40 years and
least number of customers lies in the age group below 18 years. Therefore, it can be interpreted
that maximum group of customers belong to the working age, retired and Senior citizen
population.
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GENDER OF THE RESPONDENTS
GENDER TOTAL
MALE FEMALE
RESPONSES 33 34 67
GENDER
FEMALE MALE
51% 49%
15
QUALIFICATION OF THE RESPONDANTS
QUALIFICATION TOTAL
RESPONSES 8 20 25 14 67
BELOW
SECONDARY
LEVEL SECONDARY GRADUATE POST GRADUATE
EDUCATIONAL QUALIFICATION
BELOW
POST SECONDARY
GRADUATE LEVEL
21% 12%
SECONDARY
30%
GRADUATE
37%
INTERPRETATION: Most of the people are graduate and least number of people are below secondary level. Hence it
can be interpreted that most of the customers who come to shop are educated.
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OCCUPATION OF THE RESPONDANTS
OCCUPATION TOTAL
RESPONSES 3 16 14 8 9 17 67
SELF- HOME-
STUDENT SERVICE BUSINESS EMPLOYED MAKER OTHERS
OCCUPATION STUDENT
5%
OTHERS
25% SERVICE
24%
HOME-
MAKER BUSINESS
13% 21%
SELF-
EMPLOYED
12%
INTERPRETATION: Maximum people who shop are retired person and minimum number is
Student. Hence it can be interpreted that people who shop have a specific occupation at an average.
17
MONTHLY INCOME OF THE RESPONDANTS
RESPONSES 26 15 10 9 4 3 67
LESS MORE
THEN 31000- 41000- 51000- 61000- THEN
30000 40000 50000 60000 70000 70000
MONTHLY INCOME
LESS THAN 30000
3% 5%
31000-40000
41000-50000 13%
42%
51000-60000
16%
61000-70000
INTERPRETATION: Most of the customers earn less than 30k to 40k at an average. Hence it
Can be interpreted that all customers belong to middle class group .
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DO YOU LIKE TO SHOP AT RASHBEHARI SPENCER’S?
RESPONSES 63 4 67
YES NO
PREFER TO SHOP
6%
YES
NO
94%
INTERPRETATION: It can be interpreted that most number of people prefer to shop at Spencer’s.
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AT WHAT INTERVAL DO YOU VISIT RASHBEHARI AVE.SPENCER’S
RESPONSES 15 28 19 5 67
ONCE IN A DURING
DAILY WEEKLY MONTH OFFERS TIME
FREQUENCY TO VISIT
8%
22%
28% DAILY
WEEKLY
ONCE IN A MONTH
42%
DURING OFFERS TIME
INTERPRETATION: It can be interpreted that most of the people comes to shop weekly and
Least number of people come during offers time.
20
HOW LONG HAVE YOU BEEN SHOPPING AT RASHBEHARI Ave. SPENCER’S?
RESPONDANTS 4 5 15 20 23 67
DURATION OF SHOPPING
6%
8%
34% FOR LAST 1-3 MONTHS
22% FOR LAST 1-6 MONTHS
FOE LAST 6-9 MONTHS
INTERPRETATION: It can be interpreted that most of the customers shop for last 2year and least number of people
shop for last 1-3 months.
21
22
WHAT MAKES YOU SHOP AT RASHBEHARI Ave.
SPENCER’S
RESPONSES 18 6 9 34 67
FAMILY& FLAVOUR OF
FREE HOME FRIENDS ORGANISED DISCOUNTS/PROMO
DELIVERY INFLUENCE RETAIL TIONAL SCHEMES
FACTORS TO SHOP
FREE HOME DELIVERY
FAMILY& FRIENDS
INFLUENCE
27%
FLAVOUR OF
ORGANISED RETAIL
51%
9%
DISCOUNTS/PROMOTIO
NAL SCHEMES 13%
INTERPRETATION: It can be interpreted that for most of the people the influencing factors of shopping is discounts
and promotional schemes and least number of people get influenced by family & friends.
21
WHICH SECTION DO YOU PREFER MOST WHILESHOPPING AT
RASHBEHARI Ave. SPENCER’S?
PREFERABLE SECTIONS
FISH
& FRUITS GENERAL PROCESS
MEAT & MERCHANDISE FOODS STAPLES
VEGETABLES
COUNT 8 2 10 25 22
PREFERABLE SECTION
INTERPRETATION: It can be interpreted that maximum number of people shop for Process foods and least number
of people shop for fruits and vegetables.
22
HOW MUCH DO YOU SPEND WHILE SHOPPING AT RASHBEHARI Ave.
SPENCER’S MONTHLY (Rs)
Responses 8 17 25 11 6 67
9% 12%
17% LESS THAN 20K
25% 21K-30K
31K-40K
37% 41K-50K
MORE THAN 50K
23
ARE YOU AWARE OF THE PHONE DELIVERYFACILITIES AND Its
UTILITIES?
RESPONSES 57 10 67
YES NO
15%
YES
NO
85%
INTERPRETATION: It can be interpreted that maximum number of people are aware about the Phone delivery and
its facilities.
24
VALUABLE OPINION FOR THE FOLLOWING STATEMENTS
RESPONSES 6 8 13 25 15 67
HIGHLY HIGHLY
DISSATISFIED DISSATISFIED NEUTRAL SATISFIED SATISFIED
9%
22%
12% HIGHLY DISSATISFIED
DISSATISFIED
20% NEUTRAL
37% SATISFIED
HIGHLY SATISFIED
INTERPRETATION: It can be interpreted that maximum number of people are satisfied about wide range of assort-
ments and least number are highly dissatisfied.
25
EXCELLENT SHOPPING AMBIENCE
RESPONSES 8 9 15 24 11 67
HIGHLY HIGHLY
DISSATISFIED DISSATISFIED NEUTRAL SATISFIED SATISFIED
SHOPPING AMBIENCE
16% 12%
HIGHLY DISSATISFIED
14%
DISSATISFIED
36% NEUTRAL
22%
SATISFIED
HIGHLY SATISFIED
INTERPRETATION: It can be interpreted that maximum number of people are satisfied with the shopping ambience
and least number are highly dissatisfied.
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PROMOTIONAL OFFERS/SCHEMES
8 9 7 4 9 13 17 67
PROMOTIONAL OFFERS
12% RANK 1
25%
14% RANK 2
RANK 3
11% RANK 4
19%
6% RANK 5
13%
RANK 6
RANK 7
INTERPRETATION: It can be interpreted that maximum number of people ranked 7 for promotional offers. Thus,
most people consider this an important factor while shopping.
27
COMPETITIVE ADVANTAGE
RESPONSES 10 15 17 17 8 67
HIGHLY HIGHLY
DISSATISFIED DISSATISFIED NEUTRAL SATISFIED
SATISFIED
PERCENTAGE 12
15% 23% 25% 25% 100%
%
COMPETITIVE ADVANTAGE
12% 15%
HIGHLY DISSATISFIED
25% 23% DISSATISFIED
NEUTRAL
25% SATISFIED
HIGHLY SATISFIED
INTERPRETATION: It can be interpreted that most of the people are neutral as well as satisfied about competitive
advantage and least number of people are highly satisfied.
28
BEING CONSUMER OF RASHBEHARI SPENCER’S, WILLYOU RECOMMEND US TO
OTHERS?
RESPONSES 53 14 67
YES NO
RECOMMENDATION TO OTHERS
21%
YES
79% NO
29
FINDINGS
The number of female customers are more than male customers and most of them lies in the age group above
40 years age and least number lies in the age group below 18 years.
Most of the customers are graduate and they have a specific occupation.
Most of the customers earn less than Rs 30k monthly at an average and spend Rs 31k – 40k annually while
shopping.
Most of the customers prefer to shop, visit weekly are shopping for last 2 years and recommend others to
shop from Spencer’s.
The influencing factor of shopping for maximum customers is Discounts/promotional schemes and their
preferable section of shopping is Processed foods and maximum number of customers are also aware of the
PD and facilities.
Maximum customers are satisfied about wide range of assortments and competitive advantage and they are
satisfied with the shopping ambience.
Maximum customers consider wide range of assortments, variety of brands, quality of products Phone
delivery.
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RECOMMENDATION
• Door to Door leaflets distribution and proper auto miking should be doneso that people around
comes to know about the offers that are going on in certain products and the facilities and
benefits they would receive, to growtheir interests towards Spencer’s Rash Behari Ave..
• Magazine/Newspaper Inserts can also be done to let the people around knowabout the benefits
and offers of Spencer’s.
• The sales associates must be helpful and friendly so that the customers aresatisfied and they do
not return from the store dissatisfied after not gettingthe products they require.
• Home Delivery should be done on time and ordered products should bedelivered in proper
so that the customers don’t lose faith.
• Push selling can be done to increase sales. For example, if a customer does shop for Rs 4500.
Push selling of Rs 500 can be done. Thus, if 100 customers or so does shopping for Rs 4500
and if push selling of Rs 500 is done for each customer then the amount is raising from Rs 4500
to Rs 5000for each customer. And thus, they will be eligible to get the 5% instant discount
which will be beneficial for the customer.
• Signage need to put in front of products and should be updated as per new offers, should be a
proper declarations about cash back offers to reduce theconfusions among the customers.
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STORE BASED ACTIVITY
I. Trolley Branding: - On weekends Bill buster / Cash back offer runs, any offers which are good
and attract the customers, which we provide we put those offers, we put those communications
on A4 size papers on the trolley so that when customers visit our store to shop something they
are required atrolley, so their entire focus will be on that offer while using those trolleys.
II. POP execution: - All the best offers which come from the marketing side wecommunicate with
the customers in the form of A4 or A7 POPs by putting them on the bays or below the products
with their jackets on.
III. Customer Handling and guiding: - I handled the customer by listening to their problem and
helped them to get the perfect product according to their need and guided them through all the
ongoing offers and schemes inside thestore.
Here I’m attaching my week wise sales report: -
1 2423
2 3572
3 3710
4 4379
5 7741
6 5369
7 3470
8 4388
TOTAL 35052
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IV. Auditing: - We have to audit all the products in the morning to check whether there is any new
offer is available for the products or the previousoffer is expired and take action accordingly.
V. POP audit: - After morning auditing those products that don’t have POP's orexpired POP's with
them, we have to either change or make new POPs for the product and display them.
VI. Auto miking / Leafleting: - Auto miking is done twice to thrice a week, while doing auto
miking our job is to aware the surrounding peoples aboutthe ongoing best offers in the store and
also giving leaflets to the peoples.
VII. Banner execution: - Banner is also tied on the perfect locations at perfect eyelevel to ensure people
can see all the ongoing offers in the store while doingauto miking.
33
CONCLUSION
• The in-store activities and experience allowed me to understand the sectionsand brands of products
available. Moreover, I handled customers; solve their complaints to achieve goodwill's of the
company.
• Identifying customers’ needs and the factors that the customers consider while shopping and also
noted down their feedback about membership cardsand also overall feedback about shopping.
• This project also made me flexible, punctual and prepared me to facechallenges, follow
the deadlines, developed the habit of work under pressure.
34
BIBLIOGRPAHY
35
QUESTIONNAIRE USED FOR THESURVEY
Code:- Date:-
QUESTIONNAIRE
SECTION A
5. Which section do you prefer most while shopping at Rash Behari Ave.-SPENCER’S?
a. Process Foods b. Fruits & Vegetables c. Fish & meat
d. Staples e. General Merchandises
6. How much do you spend while shopping at Rash Behari Ave.-SPENCER’Smonthly (Rs.)?
a. Less than 20,000 b. 21,000-30000 c. 31,000-40000
d. 41,000-50000 e. More than 50,000
36
7. Are you aware about the Phone delivery facility and its utilities?
a. Yes b. No
8. Your valuable opinion for the following statements (tick in the appropriate boxfor each statement)
37
SECTION B
1. Name:
2. Address:
3. Contact no:
4. Age group: a. below 18 yrs b. 19-28 yrs c. 29-39 yrs d.
above40yrs
5. Gender: a. Male b. Female
7. Occupation:
38
ANNEXURE
39
THANK YOU
40