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It is owned by Pantaloon Retail India Ltd, Future Group. It works on the same economy model as Wal-Mart and has been successful in many Indian cities and small towns. The idea was pioneered by entrepreneur Mr. Kishore Biyani, the CEO of Future Group. Currently Big Bazaar stores are located only in India. It is the fastest growing chain of department stores and aims at having 350 stores by 2010. Big Bazaar is the destination where you get products available at prices lower than the MRP, setting a new level of standard in price, convenience and quality.
General Info.
Type Founded Headquarters Industry Founder & CEO Parent Punch line Further Info. : : : : : : : : Hypermarket/Supermarket. 2001 Jogeshwari, Mumbai Retail Kishore Biyani Pantaloon Retail India Ltd. Is se sasta aur accha kahin nahi ! SITE www.Bigbazaar.com E - Mail sharewithus@pantaloon.com
Board Of Directors
Wholetime Director
Vision
To Deliver Everything, Everywhere, Every time, to Every Indian Customer in the most profitable manner.
Mission
We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development.
Kishore Biyani
7 Ps Of
Price Plac e
Process
7 ps
prod uct
Promo tion
People
Pricing
Value pricing Promotional pricing
Low interest financing Psychological discounting Special event pricing
Differentiated Pricing
Time pricing
Bundling
Psychological pricing
Time pricing
Value Pricing
Bundling
Place
INDIA
BIG BAZAR
People
Well trained staff; Appearance; Empowered individual; Encouraged to think out of box; & Example- Ved Prakash Araya (Chief Operating) officer, Sanjib Agrawal(Head Marketing)
product
Big Bazaar offers a wide range of products which range from apparels, food, farm products, furniture, child care, toys, etc. Products of all the major brands are available at Big Bazaar. Also, there are many in house brands promoted by Big Bazaar. Big Bazaar sold over 300,000 pairs of jeans, 50,000 DVD-players and 25,000 microwave-ovens. In all, the fashion, electronics and travel segments made up about 70% of sales. Last year, these categories made up only about 60%.
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
PROMOTIONAL OFFERS
S A L E S
Functional Departments of
Others Brand @
Advertising
Advertising is the essential component of brand building . the advertisement is done through various ways, techniques used are: Tag-line Print-ads TV-ads Road side hoarding Radio ads Fashion shows Brand endorsement by celebrity.
Advertisement @
Customer 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.