Professional Documents
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Type Public To Deliver Everything, Everywhere, Every time, to Every Indian Industry Retailing (Hypermarket) Customer in the most profitable manner. Founded 2001 Headquarters Mumbai, Maharashtra, India Products Department MISSION store Promoter Kishore Biyani We share the vision and belief that our customers and stakeholders shall be Revenue Rs 6000 crores (in 2011) (Big Bazaar and served only by creating and executing future scenarios in the consumption Food Bazaar combined) space leading to economic development. people Employees 36000 Parent Stores Website Future Group 214 Big Bazaar
Customers Segmentation
Big Bazaar targets higher and upper middle class customers. The large and growing young working population is a preferred customer segment. Big Bazaar specifically targets working women and home makers who are the primary decision makers.
Positioning
High service
Low price
High price
low service
C&F AGENTS
BIG BAZAAR
KIRANA STORES
END USER
Marketing Mix
Product
Promoti on
4 Ps
Price
Place
Product Mix
APPARELS FOOD
FARM PRODUCT
CHILL STATION HOME & PERSONAL CARE
ELECTRONICS BAZAAR
FASHION & JEWELLERY FURNITURE BAZAAR CHILD CARE & TOYS
2.Pricing
Value pricing
Promotional pricing
Psychological discounting
Differentiated Pricing
Time pricing
Bundling
Value Pricing
TIME PRICING
Time-based pricing is a special case of price discrimination in which producers charge different rates for a given good or service
Bundling
Selling combo-packs and offering discount to customers. The combo-packs add value to
customer.
Innovations
Wednesday Bazaar Sabse Sasta Din Maha Bachat The Great Exchange Offer
Place
Big Bazaar stores are located in 90 cities with 116 outlets. Big Bazaar has
presence in almost all the major Indian cities. They are aggressive on their expansion plans.
Number of outlets 214.
Promotion
Coupon Discount, more of the products at normal price, gift with purchase, competitions and prizes, money back offers and exchange offers, special occasions.
Giving advertisement in news papers, TV, Internet, (own website which gives online shoping services) Partnership with Bigflix, Big FM 92.7
S A L E S
Strengths:
High brand equity enjoyed by Big Bazaar Everyday low prices, which attract customers
Weakness:
General perception: Low price = Low quality
Opportunities:
Huge potential rural market to be tapped Opportunities available in the cosmetics industry
Threats:
Competition from other value retail chains such as Reliance (Fresh and trends). Unorganized retail also appears to be a threat to Big Bazaars business. A large population still prefers to visit local convenient stores for daily purchases Changing Government policies International players looking to foray India