Professional Documents
Culture Documents
Signature
Signature:
Name: SAMRAT MALLICK
Registration No. 202342005010025
Makaut Roll No. 23405020030
Place:Kolkata
Date:
ACKNOWLEDGEMENT
The success and final outcome of this project required a lot of guidance and
assistance from many people and I am extremely privileged to have got this all
along the completion of my project. All that I have done is only due to such
supervision and assistance and I would not forget to thank them.
I respect and thank my supervisor Sudip Kundu for providing me an opportunity
to do the project work and giving me all support and guidance which made me
complete the project duly. I am extremely thankful to him for providing such a nice
support and guidance, although he had busy schedule managing the university and
college work.
Also I am thankful and fortunate enough to get constant encouragement, support
and guidance from all Teaching staffs of Commerce Department which helped me
in successfully completing my project work.
Last but not the least I would also like to thank my parents and friends who directly
or indirectly supported me during my project work, without the help of whom this
project would not have been possible.
INTRODUCTION
: Background of the study:
E-commerce originated in a standard for the exchange of business documents, such as orders
or invoices, between suppliers and their business customers. Those origins date to the 1948–
49 Berlin blockade and airlift with a system
of ordering goods primarily via telex.
Various industries elaborated upon that
system in the ensuing decades before the
first general standard was published in
1975. The resulting computer-to-computer
electronic data interchange (EDI) standard
is flexible enough to handle most simple
electronic business transactions. With the
wide adoption of the Internet and
the
introduction of the World Wide Web in 1991 and of the first browser for accessing it in 1993,
most e-commerce shifted to the Internet. More recently, with the global spread of smartphones
and the accessibility of fast broadband connections to the Internet, much e- commerce moved to
mobile devices, which also included tablets, laptops, and wearable products such as watches. E-
commerce has deeply affected everyday life and how business and governments operate.
Commerce is conducted in electronic marketplaces (or marketspaces) and in the supply chains
working on the Internet-Web. Consumer-oriented marketplaces include large e-malls (such as
Amazon, Myntra), consumer-to-consumer auction platforms (eBay, for example), multichannel
retailers (such as L.L. Bean), and many millions of e-retailers. Massive business-to-business
marketplaces have been created by Alibaba and other companies. The so-called sharing economy
enables more efficient use of resources, as Airbnb does with online rentals of private residences.
Almost instantaneousaccess to services is made available by on-demand platforms offering, for
example, transportation (e.g., Uber), computation and storage resources furnished by cloud
service providers, and medical and legal advice. Mass customization of goods sold online, such
as garments and vehicles, became common.
To list the components of an e-commerce system, and explain how they function
together to provide e-commerce services..
To analyse the Customer Feedback of Myntraover other available online retail stores
in India.
To find out the mode by which the customer became aware of Myntra.
: Research Methodology:
The research methodology used in this study is mainly designed as an empirical work based
on both secondary data and primary data, obtained through pre-tested questionnaire, internet
browsing, as well as direct personal interviews of selected persons involved in this sector.
Secondary data has contributed in a significant way to understand the scope as well as it helped
in developing the conceptual framework. Chapter 3 has been devoted to secondary data
analysis.The primary data collected through the questionnaire from the 50 customers of Myntra.
The source ofsecondary data are websites, books, magazines etc.
AREA OF STUDY: The sample was adopted the customers of in and around Kolkata
city. The researcher selected conveniently 50 respondents and the data were collected by
distributing questionnaire.
TYPE OF STUDY:
Finding out the strengths and weakness of the Myntra.com.
Finding the customer satisfaction and their means of awareness of Myntra.com
Finding out the perception of the customers about Myntra.com.
Finding out Myntra's place in Global and national market.
Analysis and Trends of change in the Market induced by Myntra
METHOD OF ANALYSIS
Percentage analysis
Graphics analysis
: Chapter Planning:
Chapter 1| Introduction
Chapter 2| Conceptual Framework
Chapter 3| Presentation of Data, Analysis and Findings
Chapter 4| Conclusion and Recommendation
Conceptual Framework
: National Scenario of Myntra
India has always been a land of great potential. The socioeconomic condition of
the country has improved many folds after independence and India is now
emerging as one of the leading
countries in the world.
Moreover with a population of
over 100 crore and a growth rate
of above 6%, it can be compared
to a marketing giant.Hence it
can be well judged why online
shopping in India is rising at fast
pace over the days. As
technology is spreading to the
remotest villages and
many job opportunities are presenting themselves to the unemployed youth more
and more people are gaining awareness and the money to purchase expensive and
luxurious items over the internet Myntra has come a long way and is India's
pioneer in the online fashion trade. It all began when three IIT- Kanpur alumni –
Vineet Saxena, Ashutosh Lawania, and Mukesh Bansal – got together to start up
in 2007. In three years, Myntra became the market leader as a B2B platform
for personalized gifts. It transformed itself into a
fashion retail marketplace model in 2011, which Flipkart
acquired in 2014. Ananth Narayan took over as CEO of Myntra in
2015. This year, Myntra shut down its desktop website based on
traffic received through its mobile app – more than 90% of traffic
and 70% of orders. In 2016, Myntra returned to the Internet
precisely one year after the closure. The website generates 15%
of its revenue since mobile apps do not have the same visual and
interactive experience as a machine. The same year, it purchased
its competitor Jabong and reached a GVM run rate of 1 trillion
dollars. It had an annual growth rate of 80 percent in 2018. (
Indiatimes, 2017)
:GENDER CLASSIFICATION
Table
GENDER NO.OF RESPONDENT PERCENTAGE
MALE
35 70%
FEMALE
15 30%
TOTAL
50 100%
Chart
INTERPRETAITON;
The table shows that 35 respondents are male and remaining 15 respondents are female.
:AGE CLASSIFICATION
Table
AGE NO.OF PERCENTAGE
RESPONDENT
BELOW 20 12
24%
20-25
15 30%
25-30
10 20%
30-35
8 16%
ABOVE 35
5 10%
TOTAL
50 100%
Chart
INTERPRETATION;
The table shows that 12 respondents are below 20 age, 15 respondents are 20-25 age, 10
respondents are 25-30 age, 8 respondents are 30-35 age and 5 respondents are above35 age.
:OCCUPATION CLASSIFICATION
Table
OCCUPATION NO OF PERCENTAGE
RESPONDENT
STUDENT 23 46%
SERVICE 12 24%
TOTAL 50 100%
Chart
INTERPRETATION;
The table shows the 23 respondents are student, 12 respondents are worked in service and 15
respondents are self-employed
:CLASSIFICATIONON THE BASIS OF EDUCATION
QUALIFICATION
Table
EDUCATION NO. OF PERCENTAGE
QUALIFICATION RESPONDENT
SSLC 4 8%
15 30%
PLUS TWO
GRADUATE 20 40%
OTHER 5 10%
TOTAL 50 100%
Chart
INTERPRETAION;
The table shows that respondents education qualification. 4 respondents are SSLC, 15 respondents
are plus two, 20 respondents are graduate, 6 respondents are post graduate, and remaining 5
respondents are other.
: PATTERN OF SHOPPING IN MYNTRA
Table
Table shows that no. of respondents often buy the product through online
Chart
INTERPRETATION;
The table shows that 8% of respondents are buying regularly, 14% of respondents are buying
often, 38% of respondents are buying occasionally, 24% of respondents are buying sometimes
and 16% of respondents are buying rarely.
The graph shows that the majority of the respondents are buying occasionally. Majority of the
respondents are occasional shoppers. Only few of them are buying regularly as there may notbe
the requirement.
:PRODUCT PURCHASED THROUGH MYNTRA
Table
PARTICULARS TOTAL RANK
CLOTHINGS 213 1
HAND BAGS 189 3
COSMETICS 109 4
FOOTWEAR 203 2
OTHER 107 5
Chart
INTERPRETATION:
The table shows that the clothing is the most preferred product respondents buys in Myntra
because the variety of cloths, brand and quality etc. And minority of respondents buys other types
of products.
The graph shows that the majority of the respondents buy cloths in Myntra. This is due to the
varieties of cloths and attractive offers and discounts etc... And minority of respondents buys other
types of products.
:NO. OF RESPONDENTS SEES BEFORE MAKING A SELECTION
OF PRODUCT IN MYNTRA
Table
FACTORS TOTAL RANK
ADVERTISEMENT 158 3
PRICE 195 1
DISCOUNT 149 4
BRAND 174 2
RATING 136 5
Chart
INTERPRETATION:
The table shows that the no. of respondents sees before making a selection of products in
Myntra. 10% respondents are selection of products by rating and 40% respondents are
selection of products by price and 30% respondents are selection of products by brand and
remaining 20% respondents are selection of products by advertisement.
The graph shows that majority of respondents make selection of products by considering the
price factor because of attractive offers and discounts and minority are considering rating of
products while selecting products of Myntra.
Table
The table shows that no. of respondents rates the promotion of Myntra in comparison to others
INTERPRETATION:
The table shows that the 8% respondents are poor rating about Myntra and 26% respondentsare
average rating about Myntra and 40% respondents are good rating about Myntra and 14%
respondents are very good rating about Myntra and remaining 12%respondents are excellent
rating about Myntra.
The graph shows that the majority of respondents are good rating about the Myntra because of
good quality of products and attractive offers and discounts etc...And minority of respondents is
poor rating about Myntra.
:CLASSIFICATION ON THE BASIS OF OTHER WEBSITES USING
APART FROM MYNTRA
Table
The table shows that respondents using other websites apart from Myntra
INTERPRETATION;
The table shows that no. of respondents in 30% respondents are preferring Flipkart, and 32%
respondents are preferring Amazon and 22% respondents are preferring Snapdeal and 6% of
respondents are preferring Jabong and remaining 10% respondents are preferring other online shops.
The table shows that majority of respondents are preferring Amazon and Flipkart. This might be
because of the quality services provided by Amazon in terms of in time delivery; price, product quality,
effective promotion etc. and minority of the respondents prefer the other online shops. Today most of
the customers are buying products through online only so to retain and attract thecustomers the online
shopping stores need to promote using latest strategies in an effective and attractive manner so that
customers will prefer most.
:PROBLEMS FACED BY THE CUSTOMERS OF MYNTRA
Table
The table shows the problems faced by the customers of Myntra.
INTERPRETATION;
The table shows the problems faced by the Myntra customers. 26% are return policy problems,
24% are delivery problems, 22% are security problems, 16% are quality problems and 12% are
hidden charges while conducting online purchase through Myntra.
This is done to know the problems faced by the customers of Myntra. From this we can identify
that the return policy gets 1st rank. Delivery problems, security, quality and hidden charges got
the 2nd, 3rd, 4th and 5th rank respectively.
Table
The table showing the no. of respondents like to recommend others to buy products of Myntra
Chart
INTERPRETATION:
The table shows that the 70% of respondents like to recommend others to buy products of Myntra
and 30% respondents are not like to recommend others to buy products of Myntra. The graph
shows that the majority of respondents are respondents like to recommend others to buy
products of Myntra because of good quality of products and attractive offers and discounts and
good return policy etc...And minority of respondents are not like to recommend others to buy
products of Myntra.
:FINDINGS
The following are the findings that appeared while analysing the study.
Majority of the respondents are buying the product through online in occasionally
(32%) .
Most of the respondents ranked 1st for price and next is brand factor are considering
for the selection of product .
There are no significant difference between the male and female in respect of
satisfaction level of customers.
70% of respondents are affect the promotion strategy of buying decision in Myntra.
Among the respondent 26% of respondents felt problem in return policy and 24% of
respondents felt problem in delivery while conducting online purchase in Myntra.
32% of respondents are prefer Amazon and 30% of respondents are prefer Flipkart for
online shopping
CONCLUSION
: Conclusion
The Internet has become a major resource in modern business, thus electronic shopping has gained
significance not only from the entrepreneur’s but also from the customer’s point of view. For
the entrepreneur, electronic shopping generates new business opportunities and for the customer,
it makes comparative shopping possible.With the advancement in technology, more and more
people are shifting towards e-commerce platforms for shopping. However, retaining old and
attracting new customers is not as easy as it seems on the online platform. Having a clear
understanding about the customers and their needs is must if an online retailer
wants to satisfy their customers
and to be successful in theonline
market. Keeping the customer
satisfied is a very cumbersome
task, especially when the
competition is vast, and the
customers’ expectations are high.
The behavior of customers while
doing online shopping is not only
dependent upon their unique
character like age, gender,
occupation, or educational
background. The
online retailers also need to understand certain other aspects which satisfies or dissatisfies their
customer. These satisfaction factors includeease of access of retail application, product quality,
variety, stock availability, affordability, offers and discounts, timely delivery, etc.Keeping these
factors in mind this study depicts that different e-commerce fashion retail stores provides different
level of satisfaction to different demographics of people. Here an attempt is made to understand
the impact of online retailing on the sector, 'Myntra'.It can be concluded that, Myntra has adopted
various strategies so as to help customers and also to increase the sale of products in
the highly competitive market.
Usage of products by the customers is required to be more as few of the customers are
buying yearly also.
Promotional strategies need to be improved so as to motivate the customers to make
buying decision.
The company has to make ease for searching products what they are looking for.
Special offer need to be provided for attracting the customers.
The company has to give inform all customers for the new products launching time.
Since few of the customers are buying products through offline, awareness need to be
created for increasing online payment mode
Lucky draw, coupons, etc. are required to promote the customers and also to increase
the sales.
Promotional activities for online shopping can be made more effective to attract even
more customers.
Security system in online payment can be made much safer to avoid various issues.
.
More important should be given for magazine advertisement.
BIBLIOGRAPHY
Journals:
Hatem EI-GOHARY “ International journal of online marketing
https://www.indianretailer.com/amp/news/myntra-set-to-expand-its- international-
footprint-in-middle-east-market.n10128
https://yourstory.com/2017/02/myntra-turns-10/amp
https://startuptalky.com/myntra-online-fashion-store/
https://en.m.wikipedia.org/wiki/Myntra