Professional Documents
Culture Documents
Company Profile On Lulu Sarees
Company Profile On Lulu Sarees
1
Quality of the product
STATEMENT OF PROBLEM
RESEARCH METHODOLOGY
Research is not confined to science and technology only. There are vast areas of
research in other disciplines such as languages, literature, history and sociology.
Whatever might be the subject,a research has to be an active, diligent and systematic
2
process of inquiry in order to discover, interpret or revise facts, events, behaviors
and theories. Applying the outcome of research for the refinement of knowledge in
other subjects, or in enhancing the quality of human life also becomes a kind of
research and development. Research is done with the help of study, experiment,
observation, analysis, comparison and reasoning. Research is in fact ubiquitous.
3
then use qualitative strategies to look deeper into the meaning of the trends
identified in the numerical data.
2. Checklists
Checklists structure a person’s observation or evaluation of a performance or
artifact. They can be simple lists of criteria that can be marked as present or
absent, or can provide space for observer comments. These tools can provide
consistency over time or between observers. Checklists can be used for
evaluating databases, virtual IM service, the use of library space, or for
structuring peer observations of instruction sessions.
3. Interviews
In-Depth Interviews include both individual interviews (e.g., one-on-one) as
well as “group” interviews (including focus groups). The data can be
recorded in a wide variety of ways including stenography, audio recording,
video recording or written notes. In depth interviews differ from direct
observation primarily in the nature of the interaction. In interviews it is
assumed that there is a questioner and one or more interviewees. The purpose
of the interview is to probe the ideas of the interviewees about the
phenomenon of interest.
4. Observation
Sometimes, the best way to collect data is through observation. This can be
done directly or indirectly with the subject knowing or unaware that you are
observing them. You may choose to collect data through continuous
observation or via set time periods depending on your project. You may
interpret data you gather using the following mechanisms:
4
6. Inferential observations: you may write down an observation that is inferred
by the subject’s body language and behavior.
7. Evaluative observation:
You may make an inference and therefore a judgment from the behavior.
Make sure you can replicate these findings.
8. Surveys or Questionnaires:
RESEARCH TOOL
The sample size of the survey was 50. 50 customers were asked questions related to
their satisfaction levels and buying experience of textiles from Lulu Sarees.
ANALYTICAL TOOL
1. Bar Diagram:
5
A bar graph shows comparisons among discrete categories. One axis of the chart
shows the specific categories being compared, and the other axis represents a
measured value. Some bar graphs present bars clustered in groups of more than one,
showing the values of more than one measured variable.
2. Pie chart
A pie chart (or a circle chart) is a circular statistical graphic which is divided into
slices to illustrate numerical proportion. In a pie chart, the arc length of each slice
(and consequently its central angle and area), is proportional to the quantity it
represents. While it is named for its resemblance to a pie which has been sliced,
there are variations on the way it can be presented.
It is a simple and effective method of data analysis. It helps to find out the
distribution of respondents responses and satisfaction levels. The formula is:
AREA OF STUDY
Survey was conducted on the customers of Lulu Sarees with questions being asked
to them.
PERIOD OF STUDY
The study was conducted from December 14th 2017 to January 2nd 2018.
1. Since the time period of the study was limited to 21 days, all aspects of the
company could not be researched.
2. Few customers were hesitant to respond to the questions asked
6
INDUSTRY PROFILE
The textile industry is primarily concerned with the design and production
of yarn, cloth, clothing, and their distribution. The raw material may be natural, or
synthetic using products of the chemical industry.
Textile Industry
One of the oldest and largest sectors of light industry, producing fabrics, textiles,
knitwear, and other articles from various types of plant, animal, and chemical
(artificial and synthetic) fiber. The textile industry occupies an important place in
the production of social product and the satisfaction of personal needs. The industry
includes the following divisions: initial processing of textile raw materials, fulling
and felting, and the production of cotton fabrics, linen fabrics, wool fabrics, silk
fabrics, nonwoven materials, hemp and jute, netting, textile clothing accessories and
notions, and knitwear. Textile products are used in the manufacture of clothing and
footwear and in other sectors of industry, such as the furniture industry and machine
building.
The textile industry is also developing successfully in the foreign socialist countries.
Fabric production is being increased in these countries through the use of the
domestic potential of each country and through comprehensive cooperation between
countries.
Up until the industrial revolution, many products in the textile industry were made
at home and without the use of machines. But, the creation of machines led to the
creation of factories, and soon fabric was mass produced. Some key inventions that
led to this boom and development of the textile industry include the flying shuttle
which allowed one weaver to use one hand and operate the loom. The Spinning
Jenny led to the ability of spinning multiple threads at one time. And then there was
7
the power loom which used steam to power it so that it could combine threads. The
cotton gin was a mechanical invention that allowed for a more productive way to
separate the cottonseed from the cotton fabric instead of doing it manually, And, the
Jacquard loom which allowed for the creation of designs and patterns on the fabric.
The textile industry in India traditionally, after agriculture, is the only industry that
has generated huge employment for both skilled and unskilled labour in textiles.
The textile industry continues to be the second-largest employment generating
sector in India. It offers direct employment to over 35 million in the country. The
share of textiles in total exports was 11.04% during April–July 2010, as per the
Ministry of Textiles. During 2009–2010, the Indian textile industry was pegged at
US$55 billion, 64% of which services domestic demand. In 2010, there were 2,500
textile weaving factories and 4,135 textile finishing factories in all of India.
According to AT Kearney’s ‘Retail Apparel Index’, India was ranked as the fourth
most promising market for apparel retailers in 2009.
India is first in global jute production and shares 63% of the global textile and
garment market. India is second in global textile manufacturing and also second in
silk and cotton production. 100% FDI is allowed via automatic route in textile
sector. Rieter, Trutzschler, Soktas, Zambiati, Bilsar, Monti, CMT, E-land,
Nisshinbo, Marks & Spencer, Zara, Promod, Benetton, and Levi’s are some of the
foreign textile companies invested or working in India.
The archaeological surveys and studies have found that the people of Harrapan
civilization knew weaving and the spinning of cotton four thousand years ago.
Reference to weaving and spinning materials is found in the Vedic Literature. There
was textile trade in India during the early centuries. A block printed and resist-dyed
fabrics, whose origin is from Gujarat is found in tombs of Fostat, Egypt. This proves
that Indian export of cotton textiles to the Egypt or the Nile Civilization in medieval
8
times were to a large extent. Large quantity of north Indian silk were traded through
the silk route in China to the western countries. The Indian silk were often
exchanged with the western countries for their spices in the barter system. During
the late 17th and 18th century there were large export of the Indian cotton to the
western countries to meet the need of the European industries during industrial
revolution.
India is the second largest producer of fibre in the world and the major fibre
produced is cotton. Other fibres produced in India include silk, jute, wool, and man-
made fibers. 60% of the Indian textile Industry is cotton based. The strong domestic
demand and the revival of the Economic markets by 2009 has led to huge growth of
the Indian textile industry. In December 2010, the domestic cotton price was up by
50% as compared to the December 2009 prices. The causes behind high cotton price
are due to the floods in Pakistan and China. India projected a high production of
textile (325 lakh bales for 2010 -11).[6] There has been increase in India's share of
global textile trading to seven percent in five years. The rising prices are the major
concern of the domestic producers of the country.
The Cotton Sector: It is the second most developed sector in the Indian Textile
industries. It provides employment to huge amount of people but its productions and
employment is seasonal depending upon the seasonal nature of the production.
9
The Handloom Sector: It is well developed and is mainly dependent on the SHGs
for their funds. Its market share is 13% of the total cloth produced in India.
The Woolen Sector: India is the 7th largest producer of the wool in the world. India
also produces 1.8% of the world's total wool.
The Jute Sector: The jute or the golden fiber in India is mainly produced in the
Eastern states of India like Assam and West Bengal. India is the largest producer of
jute in the world.
The Sericulture and Silk Sector: India is the 2nd largest producer of silk in the world.
India produces 18% of the world's total silk. Mulberry, Eri, Tasar, and Muga are the
main types of silk produced in the country. It is a labor-intensive sector.
Cotton textile
In the early years, the cotton textile industry was concentrated in the cotton growing
belt of Maharashtra and Gujarat. Availability of raw materials, market, transport,
labour, moist climate and other factors contributed to localisation. In the early
twentieth century, this industry played a huge role in Bombay's economy but soon
declined after independence. While spinning continues to be centralized in
Maharashtra, Gujarat and Tamil Nadu, weaving is highly decentralized. As of 30
September 2013, there are 1962 cotton textile mills in India, of which about 80%
are in the private sector and the rest in the public and cooperative sector. Apart from
these, there are several thousand small factories with three to ten looms.
India exports yarn to Japan, United States, United Kingdom, Russia, France, Nepal,
Singapore, Sri Lanka and other countries. India has the second-largest installed
capacity of spindles in the world, with 43.13 million spindles (30 March 2011) after
China. Although India has a large share in world trade of cotton yarn, its trade in
garments is only 4% of the world's total. This is due to the incompetency of local
spinning and weaving mills to process yarn. There exist some large factories, but
10
most of the production is fragmented in small units, which cater to the local market.
This mismatch is a major drawback for the industry. As a result, many of the
spinners export yarn while apparel and garment manufacturers have to import
fabric. The power supply is erratic and machinery is outdated and needs to be
upgraded. Other problems include low output of labour and stiff competition with
the synthetic fibre industry.
Jute textiles
India is the largest producer of raw jute and jute goods and the second largest
exporter after Bangladesh. There were about 80 jute mills in India in 2010-11, most
of which are located in West Bengal, mainly along the banks of the Hooghly River,
in a narrow belt (98 km long and 3 km wide). Factors responsible for their location
in the Hooghly basin are: inexpensive water transport, good network of railways,
roadways and waterways to facilitate movement of raw material to mills, abundant
water supply, and cheap labour from neighboring states.
In 2010-2011 the jute industry was supporting 0.37 million workers directly and
another 400,000 small and marginal farmers who were engaged in the cultivation of
jute.
The main markets for jute are the United States, Canada, Russia, United Kingdom
and Australia.
11
Ministry of textiles and organizations
Government of India passed the National Textile Policy in 2000. The major
functions of the ministry of textiles are formulating policy and coordination of man-
made fiber, cotton, jute, silk, wool industries, decentralization of power loom sector,
promotion of exports, planning & economic analysis, finance and promoting use of
information technology. The advisory boards for the ministry include All India
Handlooms Board, All India Handicrafts Board, All India Power looms Board,
Advisory Committee under Handlooms Reservation of Articles for Production and
Co-ordination Council of Textiles Research Association. There are several public
sector units and textile research associations across the country.
12
Lulu Sarees and Textiles Ltd., Kannur
During the month of December 2000, the parent firm which is Lulu Sarees, Kannur
started functioning at Fort Road, Kannur and in continuation, another sister-concern
in the name Lulu Bazar was also started at Kannur Fort Road itself. Both the
establishments made high impression among the public mind and the Management
got more inspiration. As such in 2009, the Management registered a Private Limited
Company which is Kannur Lulu Sarees & Textiles ltd., and absorbed Kannur Lulu
Sarees in this Company.
There are 21 shareholders, among them are 3 nominated directors duly designated
for the smooth functioning of the Company. Under the nominated Directors the
whole staff members including the General Manager, HR Manager, Floor
Managers, Sales staff and the sub staff members are working. Besides the above
mentioned staff structure there is a well-equipped office and full sing office staff for
the day-to-day functioning.
Details of service:
The firm concentrates on the purchase and sales of textiles and readymade garments.
Considering the changing trends in fashion, it tries its best to fulfill the tastes and
preferences of youngsters. The firm’s devoted staff members serve the customers
with utmost care by completing the purchase transactions within a limited time.
Customers get a positive experience and warmth which make them turn into
frequent customers. And are less likely to have complaints. The supervisory staff
regularly review and update the requirements of the firm’s employees as well as the
customers.
13
Organizational Chart:
Chairman
Managing director
Floor Manager
Sales Staff
Electricians
Drivers
14
REVIEW OF LITERATURE
In a survey of nearly 200 senior marketing managers, 71 percent responded that they
found a customer satisfaction metric very useful in managing and monitoring their
businesses.
Here are the top six reasons why customer satisfaction is so important:
15
The paramount goal of marketing is to understand the consumer and to influence
buying behaviour. One of the main perspectives of the consumer behaviour research
analyses buying behaviour from the so-called “information processing perspective"
(Holbrook and Hirschman 1982). According to the model, customer decision-
making process comprises a need satisfying behaviour and a wide range of
motivating and influencing factors. The process can be depicted in the following
steps (Engel, Blackwell et al. 1995):
2. Search for information - search for data relevant for the purchasing decision, both
from internal sources (one's memory) and/or external sources.
16
DATA ANALYSIS AND INTERPRETATION
Data analysis and interpretation is the process of assigning meaning to the collected
information and determining the conclusions, significance, and implications of the
findings. The steps involved in data analysis are a function of the type of information
collected, however, returning to the purpose of the assessment and the assessment
questions will provide a structure for the organization of the data and a focus for the
analysis.
Data analysis tends to be extremely subjective. That is to say, the nature and goal of
interpretation will vary from business to business, likely correlating to the type of
data being analyzed. While there are several different types of processes that are
implemented based on individual data nature, the two broadest and most common
categories are “quantitative analysis” and “qualitative analysis.”
17
involves the use of statistical modeling such as standard deviation, mean and
median.
18
TABLE 5.1
Ladies wear 18 36
Kids wear 12 24
Men’s wear 8 16
19
CHART 5.1
24
36
16
24
Ladies wear Kids wear Men's wear Any or all of the above
INTERPRETATION
The above diagram shows that 36% of respondents purchased Ladies wear, 24%
purchased Kids wear, 16% purchased Men’s wear and 24% purchased any two or
all three products. Therefore it can be interpreted that mostly customers purchased
Ladies wear.
20
TABLE 5.2
Personal – Travel, 24 48
Occasions etc.
Business 10 20
Gift 16 32
21
CHART 5.2
50 48
40
32
30
20
20
10
0
Personal- Travel, occasions Business Gift
ets
INTERPRETATION
From the above chart, it can be observed that 48% of customers purchased textiles
for personal use, 20% for business purpose, and 32% for gifting it to someone.
22
TABLE 5.3
23
CHART 5.3
80
70
60
50
40
30
20
8
10
0
Lulu Sarees, Kannur Lulu Sarees,Thalassery
INTERPRETATION
Here, it can be observed that 92% respondents buy from Lulu sarees, Kannur while
only 8% of them buy from Lulu sarees, Thalassery. Most of them buy from the
Kannur outlet of Lulu Sarees.
24
TABLE 5.4
25
CHART 5.4
36
56
INTERPRETATION
From above diagram, it can be interpreted that 8% of customers are not frequent
buyers, 56% have purchased less than 5 times and 36% have purchased more than
5 times. Hence most of them have purchased less than 5 times from Lulu Sarees,
Kannur outlet.
26
TABLE 5.5
Yes 42 84
No 2 4
May be 4 8
Don’t know 2 4
27
CHART 5.5
Don't know 4
May be 8
No 4
Yes 84
0 10 20 30 40 50 60 70 80 90
INTERPRETATION
From above bar diagram, it can be analyzed that 84% customers are willing to buy
from other sections, 4% will not buy from other sections , 8% may or may not buy,
4% of them are not sure. Therefore most of them are willing to buy from other
sections.
28
TABLE 5.6
29
CHART 5.6
8% 12%
INTERPRETATION
Here, it can be interpreted that 12% of respondents paid less than Rs 1000, 32% of
them paid between Rs 1000 and 3000, 48% paid between Rs 3000 and 5000 and 8%
paid more than Rs 5000 for their product. Therefore most of them paid between Rs
3000 and Rs 5000.
30
TABLE 5.7
Excellent 10 20
Very Good 16 32
Good 18 36
Average 6 12
Not satisfactory 0 0
31
CHART 5.7
Not Satisfactory 0
Average 12
Good 36
Very good 32
Excellent 20
0 5 10 15 20 25 30 35 40
INTERPRETATION
From the above diagram, it can be observed that 36% have rated the product value
Good, 20% rated as excellent, 32% rated as Very good, 12% rated it as Average
and no one rated as Not Satisfactory. Therefore, most of them are happy with the
product.
32
TABLE 5.8
Very Satisfied 18 36
Satisfied 20 40
Somewhat Satisfied 12 24
Not satisfied 0 0
33
CHART 5.8
45
40
40
36
35
30
24
25
20
15
10
5
0
0
Very satisfied Satisfied Somewhat satisfied Not Satisfied
INTERPRETATION
From above diagram, it can be analyzed that 36% respondents are very satisfied
with the quality of product, 40% are satisfied with the quality, 24% of them are
somewhat satisfied and none of them are unsatisfied. Therefore most of them are
satisfied with the quality of the product.
34
TABLE 5.9
1 or 2 years 24 48
2 years 8 16
35
CHART 5.9
16
36
48
INTERPRETATION
Here, it can be observed that 48% respondents have been using the textiles for 1 or
2 years, 36% have been using for less than 6 months and 16% have used it for 2
years. Therefore we can see that the product has a good usage period.
36
TABLE 5.10
Excellent 6 12
Very Good 28 56
Satisfactory 16 32
Not satisfactory 0 0
37
CHART 5.10
Not satisfactory 0
Satisfactory 32
Very good 56
Excellent 12
0 10 20 30 40 50 60
INTERPRETATION
From above diagram, it can be interpreted that 12% have rated the product excellent
in comparison to competitor’s product, 56% have rated as very good and 32% rated
as satisfactory. Therefore we see that the product is Very good compared to other
company’s product.
38
TABLE 5.11
Yes 36 72
No 2 4
May be 8 16
Don’t know 4 8
39
CHART 5.11
60
50
40
30
20 16
8
10 4
0
Yes No May be Don't know
INTERPRETATION
From the above chart, it can be analyzed that 72% respondents are willing to
purchase from other branches, 4% are not willing, 16% of them may or may not
purchase and 8% of them do not know. Hence most of them are willing to purchase
from other branches.
40
TABLE 5.12
Yes 48 96
No 2 4
41
CHART 5.12
100 96
80
60
40
20
4
0
Yes No
INTERPRETATION
From the above diagram it can be observed that 96% of respondents are satisfied
and 4% are not satisfied with the exchange services. It means most of them are
satisfied.
42
TABLE 5.13
Advertisement 14 28
Recommendations from 24 48
colleagues
43
CHART 5.13
24%
28%
Advertisement
Recommendations from colleagues
From friends, relatives
48%
INTERPRETATIONS
48% of respondents know about Lulu Sarees through colleagues while 28% came
to know through Advertisements and 24% through Friends and relatives.
44
TABLE 5.14
Yes 40 80
No 0 0
Somewhat 10 20
45
CHHART 5.14
Somewhat 20
No 0
Yes 80
0 10 20 30 40 50 60 70 80 90
INTERPRETATION
80% of respondents said that the product has reached to their expectation while 20%
said that it has somewhat reached their expectation.
46
TABLE 5.15
Yes 42 84
No 2 4
May be 6 12
47
CHART 5.15
12
84
Yes No May be
INTERPRETATION
From above it can be analyzed that 84% of them are interested in availing offer
and discounts, 4% of them do not need them and 12% may avail offers or
discounts. Hence most of them are interested in availing offers and discounts.
48
TABLE 5.16
Yes 50 100
No 0 0
49
CHART 5.16
100
100
80
60
40
20
0
0
Yes No
INTERPRETATION
Here,it can be observed that 100% or all of them are happy with the price paid and
the quality of product received.
50
TABLE 5.17
Excellent 4 8
Very good 28 56
Satisfactory 18 36
Not Satisfactory 0 0
51
CHART 5.17
Not Satisfactory 0
Satisfactory 36
Very good 56
Excellent 8
0 10 20 30 40 50 60
INTERPRETATION
56% have rated the shopping experience as very good while 36% and 8% rated as
Satisfactory and excellent respectively. Hence the shopping experience was Very
good for most of them.
52
TABLE 5.18
RECOMMENDATIONS TO OTHERS
Yes 46 92
No 0 0
May be 2 4
Don’t know 2 4
53
CHART 5.18
Recommendations to others
100
92
90
80
70
60
50
40
30
20
10 4 4
0
0
Yes No May be Don't know
Recommendations to others
INTERPRETATION
From above it can be observed that 92% are willing to recommend this shop to
others, 4% may recommend and 4% do not know. So most of them are willing to
recommend.
54
FINDINGS
1. The textile industry has rapidly grown over the previous year.
2. Lulu has been an established brand for the past few years. It enjoys good
name in the market.
3. The main marketing strategy of Lulu Sarees & Textiles is providing good
quality products and thereby retaining the existing customers.
6. Many customers have purchased the textiles from Lulu Sarees, Kannur for
personal reasons.
7. The price and the value of the textile product offered have satisfied the
customers.
8. The textiles are of good quality and the usage period is also satisfactory.
10. Customers are satisfied with the price, quality, offers and discounts of the
product they purchased.
55
SUGGESTIONS
2. The prices of textiles can be reduced at the time of festivals and occasions
to attract more no. of customers.
3. Offers and discounts for expensive textiles can make customers more
satisfied.
4. Since most of the customers are happy with the quality of the products, it’s
better to maintain the quality with utmost care.
6. More variety of Ladies and Kids wear according to recent fashion trends if
made available will attract customers as most of them purchase from these
sections.
8. The billing process should be simplified by having more no. of counters for
this purpose. This will help purchase transactions easier and convenient.
56
CONCLUSIONS
This project was undertaken to study customer satisfaction at Lulu Sarees, Kannur.
The survey was conducted on the customers who visited Lulu Sarees and Textiles
in the period of 21 days by questionnaire and face-to-face interview.
The customers have purchased from different sections of the shop for different
purposes. There are regular customers as well as not very frequent customers.
The customers are quite satisfied with the quality and price of the products and
services provided by the shop. However, few of them have suggested that more
no. of offers and discounts should be provided.
The staffs have influenced the buying behavior and the satisfaction of the
customers by creating a positive image and being at service whenever necessary.
Customers have recommended to have more no. of billing counters as they say
their time is wasted more than what is required at the counters.
Therefore, it can be concluded that the customers are happy with their buying
decisions and Lulu Sarees, Kannur has got a good reputation and image in the
mind of customers which is a big asset to the company.
57
BIBLIOGRAPHY
BOOKS:-
1. Philip Kotler and Kevin Lane Keller, Marketing Management, 15th edition,
2015
WEBSITES:-
1. http://study.com
2. www.wikipedia.com
3. www.linkedin.com
4. www.researchgate.net
58
ANNEXURE
Customer Satisfaction at Lulu Sarees
I am the student of Chinmaya Arts and Science College, Department of Commerce and
Management Studies, presently doing a project on ‘Customer Satisfaction at Lulu Sarees’.
I request you to kindly fill the questionnaire below and I assure you that the data generated
shall be kept confidential.
Name:
Gender:
Ladies wear
Kids wear
Men’s wear
Any of the above
Yes
No
May be
Don’t know
Excellent
Very good
Good
Average
60
Not satisfactory
Very satisfied
Satisfied
Somewhat Satisfied
Not Satisfied
10) Compared to other companies’ textiles, how would you rate this product?
Excellent
Very good
Satisfactory
Not satisfactory
11) Will you purchase dresses again from the other branch?
Yes
61
No
May be
Don’t know
Yes
No
Advertisement
Recommendations from colleagues
From friends, relatives
Yes
No
Somewhat
15) Would you like to avail offers and discount for the textiles?
Yes
No
May be
62
16) Do you think the quality of the product is worth the price you paid?
Yes
No
Excellent
Very good
Satisfactory
Not satisfactory
Yes
No
May be
Don’t know
63