Professional Documents
Culture Documents
CA Project
CA Project
Blogging
Mobile phone promotions using technology such as Bluetooth
YouTube
E-commerce Deciding which media channel to use In nature, evolution occurs
most rapidly when competition for resources is intense. The same process is now
occurring with promotional media. All traditional media channels are now
saturated, and competition for consumer attention is intense. At the same time,
the impact of any one medium is becoming diluted. There are many more TV and
radio channels, consumer have the ability to skip adverts and free information is
now much more accessible. As a result, companies are becoming increasingly
innovative in their approach to communications and a host of new media
channels have emerged. As a result, media choice is becoming a tricky task,
which is why detailed segmentation is so important - it's no use starting a Twitter
campaign if none of your target market are regular users of the site. Highly
targeted communications often lead to better results. You can usually expect a
response rate of under 1% for a relatively generic mass mailing. However,
personal letters to a handful of your most loyal customers would lead to a
dramatically increased rate of return. When deciding which media to use consider
the reach, frequency, media impact and what you can expect for your budget but
most of all, ensure your target customer will see the message in the first place.
Media choice is a matter of compromise between volume of people versus the
personalization of the message. Ensuring your message reflects the stages of
the purchasing funnel Once you have made the audience aware of your brand,
work doesn't stop there. The customer needs to be guided through the
purchasing process. This means identifying the key
13 stages in the customer journey and ensuring communications messages are
personalized and relevant. Integrated marketing communications Once you have
decided which media channel to concentrate on, the next step is to ensure an
integrated approach is taken. Regardless of whether you are promoting a new
product or raising awareness, it's important that all ads across all media work
together towards a common goal by using similar messaging and 'look and feel'.
An integrated approach can dramatically increase the effectiveness of any
campaign and will help create your brand image. Getting the best response To
get the best response from your target market, you need ensuring the message is
relevant and clear once you've managed to gain the valuable attention of your
customer the last thing you want is for them to be confused about what you're
saying. Determine the objectives of the advert and ensure these aims are
addressed clearly. Think about the next steps you would like the audience to
take, whether this is visiting a website, ringing a number, or being able to recall
your brand when they are next in the shops.
2. Positioning
Positioning is the process of developing an image for your company or
product. This can be achieved partially through branding, but it's important to
realize that all elements of the marketing mix combine to provide the full
picture. You must ensure that all areas of your business live up to
expectations in order to successfully position yourself in the way you hope.
Positioning also considers the competition, and you need to explain why you
are unique in the marketplace and better than the other products on the shelf.
Branding and messaging Branding is a powerful tool for positioning your
product. Branding is used on almost all customer facing elements of a
product, from the packaging design to the style of writing used on posters.
Every communication a customer received adds up to form a mental picture
of your brand and can influence the price they are willing to pay for your
products. This ability to charge more due to the positioning of your product is
known as 'brand equity'. Your14 branding also needs to consider your unique
selling points (USPs) and ensure these are easily recognized through your
messaging is your product the best value, longest lasting, sweetest smelling
or fastest? Corporate identity A corporate identity is a useful tool to ensure
that your branding is used in a consistent way throughout the company. This
detailed document runs through almost every conceivable customer touch
point and provides guidance on the presentation and style which should be
used. This could include use of logos, colours, tag lines, uniform and the type
of coffee to serve guests. A CI guide is particularly useful if any creative work
it outsourced to agencies or freelancers or if you have many offices
worldwide. The most powerful brands can be identified by many elements of
their communications material, not just a by their logo or slogan and this is
due to successful implementation of a recognisable corporate identity.
Recognition is a key part of any purchase decision so a corporate identity
should for a core element of your advertising strategy. 4. Development of the
advertising message Once you have determined the positioning for your
brand, it's time to develop the message in order to influence your target
groups. Advertising objectives should be directly linked to your marketing
plan, and tend to fit into the following generic categories:
competitive advantage
Persuade - generating an instant response (usually driving sales)
Remind - to maintain interest and enthusiasm for a product or service It's a
documented fact that creative, well branded, distinctive advertising generates
the best results so ensure you use the best possible creative team you can
get your hands on, and give them a detailed brief. Remember that a message
will only be successful if it appeals to the target audience, so constantly refer
back to the customer and tailor the ads to them.
15 Research Objectives: To compare and study Central &Shopper Stop,
identify areas of excellence and areas needing improvement for Promotion;
and provide suggestions for such improvement. Research Methodology: Our
primary objective of doing this project is to get the first-hand knowledge of
functioning of at Central. Since we are comparing two different entities on the
basis of their Promotional Strategy, hence exploratory research design is the
need of the hour. Further there are few reasons which made me to use
Exploratory Qualitative research:
Its not always desirable or possible to use fully structured or formal methods
to obtain information from respondents.
People may be unable & unwilling to answer certain questions or unable to
give truthful answers.
People may be unable to provide accurate answer to question that tap their
sub consciousness. Thus, project research methodology is as follows:
I prepared 2 research tools, both questionnaire, to find outthe relevant
primary data pertaining to the functioning and working of both Central and
Shopper. The data was collected based on information provided by:
1. The management of the organization.
2. Customers visiting Central and Shopper Stop Mall.
In Secondary data, both internal & external research was done. For internal
research Ready to use documents available with the organization were used.
For external research Internet website & published books were consulted. A
survey was conducted, consisting of a sample of randomly selected people,
in the age group of 18-35. This survey aims to find out how Central and
Shoppers Stop Promote their products and services. A copy of the customer
survey is attached in the Annexure. Sample Size:-40 Customers who visit the
Centre.
companies, one of India's biggest hospitality and real estate players. The
Group crossed yet another milestone with its lifestyle venture-Shoppers'
Stop. With its immense expertise in the service industry and creditability,
Shoppers' Stop today boasts of 27 retail outlets across the country and is
planning to spread its wings with futuristic expansion plans to meet the
challenges of the retail industry. A benchmark for the Indian retail industry
to follow, Shoppers' Stop has progressed from a single brand shop to a
Fashion & Lifestyle store for the families. Shoppers' Stop is a household
name, known for its superior quality products, services and above all, a
complete shopping experience. Shoppers' Stop was the first to redefine
shopping experience and creating a niche for itself in the service industry.
As India's first specialty chain with outlets in Mumbai, Bangalore, Delhi,
Hyderabad, Jaipur and Chennai, Shoppers' Stop offers a complete range
of garments and accessories for the entire family. More than 25,000
customers walk into Shoppers Stop every day to feel the experience of
shopping. Andheri was the first store to be opened in India. The initiative
of this store was taken by B.S.Nagesh at a time when the concept of retail
industry was just coming into the market. As on today, the current
investors in ShoppersStop are ICICI, IL&FS Investments and Zodiac
clothing. Their combined shareholding in Shoppers Stop is 19% while
79% is held by Raheja Group & balance 2% is held by its employees.
9. 20. 20 Section 4: Case Study on Gurgaon Central Owned by: Future Retail
India. Design: Idiom Design & Consulting Design brief: Central is designed as
a playful public space, where people congregate, in the heart of the town. The
logo is based on a simple game rolling ball maze game that every human
being knows. The beads are people, heading for the centre of town and
playfully enjoying themselves. Red is a simple public color. The typography is
based on Jigsaw font. It looks modern and timeless. The font is Stencil zed to
make it look fresh and public. Five Dots represents 5 special services offered
to customers by CENTRAL
10. GIFT CENTRAL
11. BEAUTY CENTRAL
12. WI-FI CENTRAL
13. RADIO CENTRAL
14. FLOWER CENTRAL Minimum Service level:- Greet the customer with a
NAMASTE Pass on the INFORMATION THANK the customer Central: The
Place to be Central houses over 1000 brands across categories:-
Apparels
Eyewear
Watches
Fragrances & Cosmetics
Footwear and Accessories for Women, Men &Children / Infant
Coffee Shops, Food Hall, Pubs and Discotheques.
20 In addition, Central houses Central Square, a dedicated space for product
launches, impromptu events, displays, exciting shows, and exhibitions,
Central flag point to flag off city based events & more. Central is present
in 12 cities with 19 stores offering a retail space of over 30 Lakhs sq.
ft.Point to boost:Over 3 Crore Consumers visited Central last Fiscal Year.
STORE FORMAT OF CENTRAL Opening and closing time: 11 AM to
10 PM.
Major Gurgaon Central Mall attractions: Lots of Brands, Food Hall
Location:Gurgaon-Mehrauli Road, next to IFFCO crossing.
Parking facility:Peaceful three level basement parking.
Number of stores:Different concept.
Accessibility:High
Contact number:0124 2859000
o Address:Gurgaon CENTRAL -Pantaloon Retail (India) Ltd Sector25,MG Road , Near IFFCO Chowk, Gurgaon-122001
o STORE AREA: 1,25,000 SQUARE FOOT
o Central is located in the heart of city, Central invites customers to Shop,
Eat, Celebrate.
o Launched in May 2004 at Bangalore,
o First ever concept of Stores without Doors in Gurgaon malls, spread in
1, 25,000 sq feet area. It is also called the newly opened mall in Gurgaon
(11th April 2008).
o Situated on the very competitive Mehrauli Gurgaon road, Central is
establishing itself as a mall with a difference. o There are no separate
stores for the 500-odd national and international brands to choose from,
across apparel, cosmetics, fragrances, footwear, eyewear, time wear,
handbags, accessories, jewelry and lots more, for the entire family.
21 o Customers can simply walk around the mall without having to step in
and step out of different outlets.
15. 27 March, April and Promotion: Summer-2013 May Promotion: Love your
mom? Show her! Treat her to a day of shopping at Central. We have great
offers in ladies apparel, handbags, Footwear, fragrances, sunglasses, watches,
fashion jewllery and more. Also, shop for Rs. 4000 & get Rs.600 GV,
redeemable in June on minimum shopping of Rs.3000
28 Section 5: Case Study on Shoppers Stop Corporate profile: Vision:To be a
global retailer in India & maintain no.1 position in Indian market in Department Store
Category. Mission: Nothing but the best To strive & achieve nothing but the best in
terms of processes, practices & deliverables. Values: The following values help
Shoppers Stop in achieving its mission & vision:
We shall not take what is not ours
The Obligation to Dissent (against a viewpoint that is not acceptable)
We shall have an environment conducive to openness
We shall believe in innovation
We shall have an environment conducive to development
We shall have the willingness to apologize and/or forgive
We shall respect our customer's rights
We shall be fair. Customer Profile: Shoppers Stop customers fall between the age
group of 16 years to 35 years, the majority of them being families and young
couples with a monthly household income above Rs. 20000 and an annual spend of
Rs.15000. A large number of Non - Resident Indians visit the shop for cultural
clothes in the international environment they are used to which means people from
abroad are also interested in shopping in Shoppers stop. Their target customers are
upper middle class and upper class.
29 Customer Rewards: Shoppers Stop customer loyalty program is called The First
Citizen. The program offers its members an opportunity to collect points and avail of
special benefits. Currently, Shoppers Stop has a database of over 2.5 lakh
members who contribute to nearly 65% of the total sales of Shoppers Stop. They
also offer a co-branded credit card with Citibank for their members. International
Affiliations: Shoppers Stop is the only retailer from India to become a member of
the prestigious Intercontinental Group of Departmental Stores (IGDS). The IGDS
consists of 29 experienced retailers from all over the world, which include
established stores like Selfridges (England), Karstadt (Germany), Shanghai No. 1
(China), Matahari (Indonesia), Takashimaya (Japan), C K Tang (Singapore), Manor
(Switzerland) and Lamcy Plaza (Dubai). This membership is restricted to one
member organization per country/region. Objective of Shoppers Stop: Their main
objective is to make their customer satisfy and then profit through sales, employee
added after all every organization works to earn money which is possible through
good sales and if our customers are not satisfy then it will be difficult for us. So we
put our effort on retaining our customers because retaining old customers is more
profitable than making new customers. And if we analyze this statement then we
come to know that their 65% of their customers are their first citizen customers.
Today people goes for variety and shoppers stop is doing that, they offer total 250
brands to their customers which act as their strength and help them retaining as
well as making new customers. They believe in producing quality so they offer
quality products basically international brands like Louis Phillip, Black Berry, Police,
DKNY, Ferrari, etc. Shoppers Stop aims to position itself as a 30 global retailer. The
company intends to bring the worlds best retail technology, retail practices and sales
to India. Currently, they are adding 4 to 5 new stores every year Types of Retail
Outlets: Shoppers Stop is known as multi-Brand retail outlet because of their verity
of Products. They offer various products like apparels, Accessories, Toys,
Fragrances, Beauty Products, Travelling products, Home Appliances, etc. They offer
various products like Apparels, Fragrance & Beauty, Home & Travel, Gift ideas.
Under this they have different Categories, Brands and Styles to offer customers.
They have many other showrooms of Shoppers Stop in Delhi and NCR, so we can
say that they have long chain of retail outlets. They also offer online purchasing
which means that they are using new technology to increase their sales. Brands
Offered: Shoppers Stop retails products of domestic and international brands such
as Louis Philippe, Pepe, Arrow, BIBA, Gini&Jony, Carbon, Corelle, Magppie, Nike,
Reebok, LEGO, and Mattel. Shoppers Stop retails merchandise under its own
labels, such as STOP, Kashish, LIFE and VettorioFratini, EllizaDonatein, Acropolis
etc. The company also licensees for Austin Reed (London), an international brand,
whos mens and womens outerwear are retailed in India exclusively through the
chain. APPARELS
Arrow
Orly
Lee
Pepe
Killer
Lee Cooper
Levice
Caliber
Stop
Blackberries
Zodiac
Van Heusen
Scullers
Life
Provouge
Givo
Louis Phillipi
ePark Avenue Parx
Spykar
Allen Solly
Wills
31 Jewellery Music Hair Styling
Facet
Planet M
Habbibs
Carbon
Music World
Sparkles
Tanishq FQ Home DcorBooks
Swaroski
Yamini
Crossword
Gili
Four Seasons
Oyzsterbay
Viva
Sarvoski
Welspun
Estelle
Borosil
Corning Ware
Pedrini
Pyren FragrancesShoes
Christian Dior
Lee Cooper
Ysl
Red Tape
Davidoff
Picasso
Joop
Stop
Diesel
Life
Lancaster
NicosWatches
Jil Sander
Casio
Calvin Klein
Esprit
Boucheron
Fossil
Police
Titan
J'delPozoSunglasses
Myrurgia
Etienne Aiger
Ray Ban
Xm
16. 32 Promotional Strategy followed by Shoppers Stop Discounts and brand
promotion January Promotion:
17. 33 February Promotion:
18. 34 March Promotion:
19. 35 April Promotion:
20. 37 May Promotion: Mother's Day is just around the corner. What will you gift
your mother? Shoppers Stop with Ragini Dwivedi All you fashion lovers
around Soul Space Arena in Mahadevapura have a reason to celebrate. We
have just launch our 8th store in Bengaluru! Check out the beautiful Ragini
Dwivedi& our Managing Director Mr. Govind Shrikhande inaugurating the store
launch.
21. 38 Shoppers stop trough internet
22. 39 Section 6: CUSTOMER SURVEY
23. Survey Methodology A survey was conducted, consisting of a sample of
randomly selected people, in the age group of 18-35. This survey aims to find
out how Central and Shoppers Stop Promote their products and services. A
copy of the customer survey is attached in the Annexure Characteristics of visit:
The respondents were first asked to describe the characteristics of a typical
visit to a shopping centre. This includes their choice of shopping centre,
frequency of visits, time & money spent on a single visit, average group size
and influential factors affecting their choice. Comparative Rating: The survey
also asked the customers to rate the following parameters on a scale of 1-5
(1being the most prefer, 5 being the less prefer), for both Central and Shoppers
stop:
24. 40. 40 ANALYSIS OF THE SURVEY
25. The Graph 1 shows which shopping centre the respondents usually preferred
to visit. Although this is not a true indicator of market share, it gives us some
idea or the closeness in which both companies operate. They both received an
equal preference in the survey, with 44% of the respondents choosing Central
and the 44%of the respondents choosing Shoppers Stops and remaining 12%
choosing other, indicating there is no clear winner in terms of actual visits to the
shopping centre. 2. Why you Visit Central ? The Graph 2 shows promotion
and product is first priority for the customers according to survey 46%
respondents prefers promotion and 45% like product as well remaining 5% and
6% prefers price and store ambiance.
26. 41. 41 The Graph 3 shows gift voucher and discount is first and second
priority for the customers according to survey 45% respondents prefers gift
voucher and 36% prefer discounts and remaining 10% for both loyalty program
and other. The Graph 4 shows central promotional schemes get by customers
through internet and newspaper as well according to survey 61% customers get
through internet and 35% through newspapers. The Graph 5 shows the 46%
customers prefer the sale which is offer by shopping centers and 29%
customers prefer discount as well.
27. 42. 42 The Graph 6 shows the 48% customers think gift voucher redemption
process is complicated and apart from this 52% customer think its easy to
redeem. 7.Rate the following:- Gift Voucher at Central Gift Voucher at Shoppers
Stop The Graph shows the 49% customers preferred gift voucher at central and
31% most preferred, at shoppers stop 47% preferred and 33% most preferred
the conclusion is the customer preferred the gift voucher at shoppers stop.
Loyalty Program at Central
28. 43. 43 Loyalty Program at Shoppers Stop The Graph shows the 6% customers
preferred loyalty program at central and 75% most preferred, at shoppers stop
58% preferred and 25% most preferred the conclusion is the customer
preferred the loyalty program at shoppers stop. Discount at Central Discount at
Shoppers Stop
29. 44. 44 The Graph shows the 49% customers preferred discount at central and
43% most preferred, at shoppers stop 43% preferred and 30% most preferred
the conclusion is the customer preferred the discount at central. Sale at Central
Sale at Shoppers Stop The Graph shows the 44% customers preferred gift sale
at central and 49% most preferred, at shoppers stop 43% preferred and 36%
most preferred the conclusion is the customer preferred the sale at central.
30. 45. 45 The Graph 8 shows most of respondents (72%) think discount is more
beneficial and 45% customer think gift voucher is more beneficial the
conclusion is that discount is more beneficial. The Graph 9 shows 88%
respondents like the cash voucher and 12% like the gift voucher the conclusion
is that cash voucher is beneficial for the customers. The Graph 10 shows
most of respondents think shoppers stops redemption process is more easy
than central according to response 60% respondents think shoppers stop
redemption process is easy.
31. 46. 46 RECOMMENDATION & SUGGESTIONS
32. My first recommendation for Central is to provide the value of gift voucher in
payback card or provide another card for gift voucher only to redeem easily.
Customers are not happy with the gift voucher redemption process and
payback card as well so as per my opinion try to automated system to redeem.
My second recommendation is that Proper dress code at Customer Service
Desk (CSD) to improve brand image of the central. My third recommendation is
that Central would do better to provide promotional space for its partners with
the use of clever collaborations, and not printed advertisements and posters
everywhere. My fourth recommendation is that Central gift voucher should be
converted to cash voucher.
33. 47. 47 References:- http://www.futuregroup.in http://www.shoppersstop.com
http://www.facebook.com/centralandme?ref=ts&fref=ts
http://www.facebook.com/shoppersstopindia?ref=ts&fref=ts
34. 48. 48 ANNEXURE
35. Primary Questionnaire
36. 1: Promotions:
a. What is the media and mode of advertising?
b. What kind of advertising campaign and sponsorships do you carry out?
c. What are your P.R. activities?