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COMPETITOR ANALYSIS FOR AN

UPCOMING MULTI-BRAND FASHION


RETAIL STORE
Company
LOGO

BY:
SHIVANGI SRIVASTAVA
B.F.TECH
SEMESTER VIII
OBJECTIVE OF THE PROJECT

Ascertain the competitor’s positioning and value proposition in the market and
in consumer perception

Understand the assortment breadth/depth in terms of the major items, styles,


colors, sizes and brands stocked

Determining the Price points of different Categories

Determining the Promotion Mix used by the Competitors

To find out the human resource allocation plan with a view to understand
remuneration and incentives
LIMITATIONS OF THE PROJECT

Time constraint- The operational period of the project did not match with the
promotional schemes and offers of the stores under study.

The issues considered confidential by the store authorities were not revealed
because of which we could not gain access to several data and information
which we considered vital for the betterment of the project.

The Project does not delve into financial aspects of retailing such as ROI,
Inventory turns, Return per Square feet . It focuses clearly on marketing and
merchandising elements only.
COMPETITOR ARRAY

Methodology

STEP 1: Defining the industry - scope and nature of the industry

STEP 2: Determining the competitors

STEP 3: Determining the key success factors present in the industry

STEP 4: Determining Customer preferences and expectations


STEP 1: DEFINING THE INDUSTRY

Format Type: Multi- Brand Fashion Retail Store

Merchandise Mix: comprising of 30% private labels and 70% National and
International Brands.

Retail Space: 30,000 sq.ft approx. (3 floors)

Manpower: Back-end: 20 approx.


Front-end: 15/floor approx

Targeted Customer Profile: Fashion conscious consumers in


SEC A and B.
STEP 2: DETERMINING THE COMPETITORS

SHOPPERS STOP LIFESTYLE WESTSIDE

POSITIONING Excellent shopping trendy, youthful and Style and


experience vibrant brand Affordability

FORMAT TYPE Multibrand (brands Multibrand (brands Exclusive Tata


and private labels) and private labels) Trent Group (only
private labels)

PITCH Shopping Latest Fashion Affordable style


experience

TARGET Affluent consumers Affluent consumers Affluent


CUSTOMER in SEC A and B. in SEC A and B. consumers in

SEC A and B.
STEP 2: DETERMINING THE COMPETITORS
STEP 3: DETERMINING THE KEY SUCCESS
FACTORS

The Competitor Analysis is being done with respect to the following key
parameters or 5 P’s:

I. POSITIONING

II. PRODUCT

III. PRICE

IV. PROMOTION

V. PEOPLE
I. POSITIONING
SHOPPERS STOP LIFESTYLE WESTSIDE

When they 1991 in Mumbai 1999 in Chennai 1998 in Bangalore


Started?

How they The Raheja’s had a Lifestyle is part of the Lakme took over
Started? property which they Landmark Group, a Littlewoods of UK store
wanted to make Dubai-based retail (opened in Bangalore),
commercially viable. chain which made its which is now known as
way in India through Westside owned by Trent
fashion retailing .

Taglines 1.First campaign idea 1.Your Store. Your 1. Started with


emerged: ‘Shoppers’ Style ‘Surprisingly Affordable
Stop: The Ultimate Price’
Shopping Experience’ 2. New idea ‘Keep your
style alive
2.Second idea ‘Feel the
Experience while You
Shop’
3. Next, Shoppers’ Stop
adopted the platform as
‘Shopping and Beyond’
4.New idea ‘Start
Something new’
SHOPPERS’ STOP LIFESTYLE WESTSIDE

What they • Started its Loyalty • Started its loyalty • Started its loyalty
did? Program in 1994: First Program in Jan 2001: The program in May, 2001:
Citizen Card Inner Circle Clubwest
• First Citizen member • The Inner Circle has a • Clubwest has a
base is Customer base of Customer base of
11,00,000(approx). 750,000(approx). 50,000(approx) in
• Contribution to sales- • Contribution to sales- Hyderabad
66% 40% • Contribution to sales-
60%

Present Currently operating 24 Currently operating 13 • Currently operating 29


Positioning stores stores stores
• Style and reasonable
prices, supported by
quality
PRESENT POSITIONING OF SHOPPERS STOP

Mr. Ajay Kelkar, Customer Care Associate and Senior Marketing Manager,
Shoppers' Stop, “In our present campaign, we have shifted our positioning
from focusing on retail space to the mind space of our consumers.“
COMPARISON OF VARIOUS PARAMETERS

SHOPPERS’ STOP LIFESTYLE WESTSIDE

FACADE
COMPARISON OF VARIOUS PARAMETERS
SHOPPERS’ STOP LIFESTYLE WESTSIDE

Trial Room More in no. More than that of Westside Least in no, only 4 on
Mirrors on 2 sides; Size of but lesser that of Shopper’s each floor
mirrors smaller Stop Biggest in size but
Mirrors not aligned from Mirrors on three sides mirror on one side only
edge to edge due to which aligned from edge to edge
the size seems smaller which makes it look spacious
although it is bigger than
that of lifestyle

Outside view of trial rooms


SHOPPERS’ STOP LIFESTYLE WESTSIDE

Lights on ceilings
AC Vent outside the trial room & hooks AC Vent inside the trial room Centralised AC
of the trial room

Mirrors on just one side


Mirrors on 2 sides- not aligned from Mirrors on 3 sides- aligned from edge to
edge to edge and lights in between the edge and lights in between the mirrors
mirrors

Stool placed in the trial rooms Door of the trial room with hooks Door of the trial room with hooks
COMPARISON OF VARIOUS PARAMETERS

SHOPPERS’ STOP LIFESTYLE WESTSIDE


Store - Well designed, - Well designed, - Well-designed interiors,
Ambience beautiful and air- beautiful ambience sprawling space and air-
conditioned ambience conditioned ambience
- Gives a classy royal - AC not sufficient as per - Gives an energetic,
feeling, round the footfalls in the store youthful effect
decorative staircase in - Use of electronic media
the center of the store to intensify the effect
- Sofas provided for the
comfort of the customer

Staircase
SHOPPERS’ STOP LIFESTYLE WESTSIDE

Huge mirrors Narrow width


Huge mirrors In all the single mirror
at the segments on each floor
accessory
segment

Sofas and
chairs present
at every level
No Seating Arrangement for
Chairs present near cash
customers
near the cash counters as well
counters as between
sections

One-way
Capsule Lift Escalator
One-way
escalator and
staircase
SHOPPERS’ LIFESTYLE WESTSIDE
STOP
Aisle Space -Maximum aisle space -Sufficient aisle space for - Cluttered arrangement
for convenient convenient movement of merchandise and
movement of both of both customers and less aisle space
customers and CSA CSA (during stock - Arrangement of
(during stock replenishment) merchandise in a
replenishment) circular format to give an
attractive display

Centre Aisle
SHOPPERS’ STOP LIFESTYLE WESTSIDE

Aisle space between different sections


SHOPPERS’ LIFESTYLE WESTSIDE
STOP
Wall and - Light base color walls - Cream color walls with - Cream color walls and
Ceilings and moderate height high ceilings low ceilings with
Textures and ceilings extensive use of wood
colors - Wallpapers as per the works
merchandise segment

Ceilings with lightings

Flooring
SHOPPERS STOP LIFESTYLE WESTSIDE
S - Sale signages in green - Less use of signages - Proper and effective use
i color (less prominent) of signages denoting
g - Other signages in black - Only signages denoting different sizes, segment etc
n and white sections present - Special offers like BEST BUY
a - Signages depicting highlighted
g styles and size not - For kidswear distinction made
e properly arranged clearly by mention of the
relevant age groups
COMPARISON OF POSITIONING ELEMENTS
12

10

8
SCORE

4 SHOPPERS'STOP SCORE
LIFESTYLE SCORE
WESTSIDE SCORE
2 MAXIMUM POINT

PARAMETERS
EXCEL SHEET
OVERALL COMPARISON OF POSITIONING STRATEGY
74.5

74.05
74

73.45
73.5

73
TOTAL SCORE

72.5
SHOPPERS' STOP
LIFESTYLE
72
WESTSIDE

71.45
71.5

71

70.5

70
SHOPPERS' STOP LIFESTYLE WESTSIDE

EXCEL SHEET
II. PRODUCT
GENERAL OBSERVATIONS

It is noted that in most of the categories the no. of style options available in
Lifestyle is 20-25% lesser than that of Shoppers’ Stop; except Footwear
Category- Lifestyle Shoe Mart collection far exceeds that of Shoppers’
Stop.

In most of the Categories the no. of style options available in Westside is


almost half of Lifestyle

4-5 colors (approximately) are available for most of the styles like for T-
shirts, Tops, kurtis, etc.

ASSORTMENT PLAN
MEN’S WEAR OBSERVATIONS

Private label in Shoppers’ Stop and Lifestyle does not exist for categories like

1. Suits and Coats


2. Jackets
3. Track pants
4. Shorts
5. Denim Shirts
6. Ethnic Wear(Lifestyle had both but price point was not distinct)
7. Innerwear like Vests, Underwear, Belts, etc.

Style options available in Formal Trousers in Shoppers’ Stop, Lifestyle and


Westside are almost equal

Value Pack of 3 T-Shirts in a set in Different colors was being promoted in both
Shoppers’ Stop and Lifestyle whereas it was not present in Westside.

ASSORTMENT PLAN
MEN’S WEAR OBSERVATIONS

Innerwear was mostly available in sets.

More of singles counts are used for sport/casual wear shirts across all the brands

After cotton/ cotton mix (60%) Polynosic (21%) trousers were predominantly present
in Shoppers’ Stop and Lifestyle.

Fast moving size :


40” and 42” (shirt) both account 66%,
32” and 34” (Trouser) both account 62%.

Least moving size:


46” and 44” (shirt) both account 9% only,
38” & 40” in trouser 4%.
ASSORTMENT PLAN
WOMEN’S WEAR OBSERVATIONS

Presence of only Private Label in Lifestyle and Shoppers’ Stop in Categories:


1. Formal Skirts
2. Casual Skirts

Presence of only National Brands in Shoppers’ Stop and Lifestyle in Categories:


1. Cargoes
2. Track-Pants
3. Shorts
4. Denim Skirts

Category SKD in Lifestyle and Westside had almost similar style options.

Ikat, khadi, Mangalgiri are popular among kurtis and SKDs.

ASSORTMENT PLAN
WOMEN’S WEAR OBSERVATIONS

Style options available in Lifestyle and Shoppers’ Stop are almost Same in
categories:

1. Formal Shirts
2. T-Shirts and Tops
3. Denim Skirts
4. Cargoes
5. Shorts
6. Denims
7. Belts
8. Slips and Spaghettis

Style options available in Lifestyle is more than that of Shoppers’ stop for
Categories:

1. Scarfs
2. Kurta

ASSORTMENT PLAN
KID’S WEAR OBSERVATIONS

There is a dominance of the blue and pink colors.

Party wear frocks present were constructed by material poly-cotton, poly-


viscose and other synthetic blends.

Wider options are available for smaller sizes(smaller age group).

ASSORTMENT PLAN
FOOTWEAR’S WEAR OBSERVATIONS

Lifestyle has got a very strong merchandise mix as compared to its competitors.

Hawai Chappals and Kolhapuri shoes are only present in Lifestyle.

Lifestyle has got more than double collection of Women’s slippers than that of
Shoppers’ Stop.

Lifestyle has got more than the four times the collection of Women’s casual shoes
than that of Shoppers’ Stop.

Westside has very limited style options especially for Men’s Category.
ASSORTMENT PLAN
III. PRICE
GENERAL OBSERVATIONS

Price-points of lifestyle and Shoppers’ Stop are almost head-on-head; except


1. Men’s Jacket
2. Women’s slippers
3. Women’s Sports Shoes

The price point of Westside is prominently low as it comprises only of Private


Labels.

ASSORTMENT PLAN
MEN’S WEAR OBSERVATIONS

Maximum options were present in the price-point 1199 for both Shoppers
Stop and Lifestyle in Formal Shirts while in Westside it was in price-point
699.

Highest price-point for Suits and Jackets was present at Shoppers Stop at
16499.

ASSORTMENT PLAN
WOMEN’S WEAR OBSERVATIONS

No distinct price-points for private label and National Brands in Shoppers Stop
as well as Lifestyle for
1.Formal shirts
2.Jackets
3.Ethnic Wear
4.Scarf

It was observed that there was a vast difference in price-points of private labels
and that of National Brands in Shoppers Stop and Lifestyle for
1.Suits and Coats

ASSORTMENT PLAN
WOMEN’S WEAR OBSERVATIONS

Kurtas with Yolks (priced at 549) were present in Lifestyle and not in
Shoppers Stop and Westside.

Kurtas with belt (priced at 399) were present in Westside and not in Shoppers
Stop and Lifestyle

Kurtas with pin tucks (priced at 599) were present in Westside and not in
Shoppers Stop and Lifestyle.

Empires waistlines (priced at 499) were present in Shoppers Stop and not in
Lifestyle and Westside

ASSORTMENT PLAN
KID’S WEAR OBSERVATIONS

Maximum options were present in the price-point 399 for both


Shoppers Stop and Lifestyle in tops while in Westside it was in price-
point 299.

Maximum options were present in the price-point 699 for both


Shoppers Stop and Lifestyle in bottoms while in Westside it was in
price-point 299.

Basic products of Lifestyle and Shoppers Stop start at higher price


points than those of Westside.

ASSORTMENT PLAN
FOOTWEAR’S WEAR OBSERVATIONS

Lifestyle has got maximum option available at price point 799 for Women’s
Slippers.

Lifestyle has got maximum option available at price point 1399 for Women’s
Casual Shoes.

Gaps exist in Price point of Kid’s Footwear in Lifestyle – like Girl’s shoes
are available for 1500 and 1000 and there is no price point between them

ASSORTMENT PLAN
IV. PROMOTION
IV. PROMOTION: SHOPPERS STOP

END OF SEASON SALE


IV. PROMOTION: SHOPPERS STOP

SALE PROMOTION-USE OF RED COLOR SALE PROMOTION-USE OF GREEN COLOR

TEMPORARY GATE MADE DURING THE SALE PERIOD


MERCHANDISE
STACKED AND
DUMPED DURING THE
SALE
EXTENSIVE USAGE OF
SIGNAGES DURING SALE IN
GREEN AND ORANGE
COLOR TO HIGHLIGHT TH
DISCOUNT
SIGNAGES USED TO HIGLIGHT
ATTRACTIVE DEALS OFFERED
ON NATIONAL BRANDS
HOARDINGS AT VARIOUS PLACES IN THE CITY TO PROMOTE
THE END OF SEASON SALE
WELL-KNOWN BRANDS BEING PROMOTED THROUGH WINDOW DISPLAY

WINDOW DISPLAY
WELL-KNOWN BRANDS BEING PROMOTED THROUGH WINDOW DISPLAY

WINDOW DISPLAY
THEME- THINK GREEN THEME- REFRESH…

THEME BASED PROMOTION


IV. PROMOTION: LIFESTYLE

END OF SEASON SALE depicted on a bright red background along with the sale period
duration as well as maintaining its position of being a fashionable store..
WINDOW DISPLAY PROMOTION reflecting the youth spirit and
their vibrant lifestyle
Premium Brands Being Promoted Through WINDOW DISPLAY
Brand Name Promotion Of Store On WINDOW DISPLAY
THEME BASED PROMOTION ON WINDOW DISPLAY
IV. PROMOTION: WESTSIDE

Newspaper Ad and in-store sales


promotion with extensive use of red color
to attract customer focus

END OF SEASON SALE


IV. PROMOTION: WESTSIDE

PROMOTION DURING DIFFERENT SEASONS

‘Stay stylish this monsoon with westside’ July, 2007

‘Buy 2, get 1 free’ offer on kidswear!

Back to College offer on Youth Wear

Jungle Safari promotion offer on kids stuff

Flirt with Florals this summer


Special promotion for stock Promotion by means of Vinyl
completion posters and mannequins

Signages denoting various dept.

IN-STORE PROMOTIONS

Promotion of Infant trolley with Soft


Toy Use of Banners for promotion
COMPARISON OF PROMOTION ELEMENTS
30

25

20
SCORE

15 SHOPPERS' STOP
LIFESTYLE

10 WESTSIDE
MAXIMUM POINTS

5
OVERALL COMPARISON OF PROMOTION
STRATEGY
0 100
84.5
Festive Promotions End of Season Theme Based Brand Media
Endorsement 80
60.75 62.5
60

SCORE
PARAMETERS SHOPPERS' STOP
40 LIFESTYLE

20 WESTSIDE

0
RETAIL STORES

EXCEL SHEET
V. PEOPLE
SHOPPERS’ STOP LIFESTYLE WESTSIDE

CSA intensity Per 2 brand 3 CSAs Per brand 1 CSA Per segment 3-4 CSAs
Strong Knowledge base Strong Knowledge base Basic Knowledge of
Proper training for 3 months Proper training for 6 months the particular segment
at the time of joining at the time of joining Proper training for 6
Good PR and communication Good PR and communication months at the time of
skills skills joining
CSA Capability Well groomed and Recruitment as per their Good PR and
emphasize on customer qualification and experience communication skills
satisfaction Qualification-Graduates as
No direct recruitment for seniors CSAs and 10+2 as
senior CSAs. Juniors are junior CSAs
promoted as seniors based
on their performance
Remuneration 12th pass- 4000(gross) Senior CSA- 6000-8000 (gross) Gross salary- 6200/-
Structure and Graduates-6000-8000 (gross) Junior CSA- 4000-8000 (gross) In Hand- 5664/-
Incentive Incentives on the basis of sale. Incentives on the basis of sale. Incentives on the basis of
Schemes sale.
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS

SHOPPERS' STOP SURVEY


80

70

60
NO. OF RESPONDENTS

50

40

30 STRONGLY DISAGREE PEOPLE


SOMEWHAT DISAGREE PEOPLE
20
NEUTRAL PEOPLE

10 SOMEWHAT AGREE PEOPLE


STRONGLY AGREE PEOPLE
0

PARAMETERS
EXCEL SHEET
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS

LIFESTYLE SURVEY
100

90

80

70
NO. OF RESPONDENTS

60

50 STRONGLY DISAGREE PEOPLE


SOMEWHAT DISAGREE PEOPLE
40 NEUTRAL PEOPLE
SOMEWHAT AGREE PEOPLE
30
STRONGLY AGREE PEOPLE

20

10

0
Has my Convenient Easy Easy exchange Is a Has the latest Employees give Gives a great
favourite store layout Availability of and returns Sophisticated in terms of prompt service shopping
brands Size outlet fashion experience
PARAMETERS
EXCEL SHEET
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
WESTSIDE SURVEY
70

60

50
NO. OF RESPONDENTS

40

STRONGLY DISAGREE PEOPLE


SOMEWHAT DISAGREE PEOPLE
30
NEUTRAL PEOPLE
SOMEWHAT AGREE PEOPLE
20 STRONGLY AGREE PEOPLE

10

0
Has my Convenient Easy Easy exchange Is a Has the latest Employees give Gives a great
favourite store layout Availability of and returns Sophisticated in terms of prompt service shopping
brands Size outlet fashion experience
PARAMETERS
EXCEL SHEET
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE ANALYSIS
CUSTOMER PERCEPTION OF THE STORES
(Positioning related)
250
EXCEL SHEET

200

150
SCORE

100

SHOPPERS' STOP
LIFESTYLE
50
WESTSIDE

OVERALL SCORE
595 649
700
0 484

TOTAL SCORE
600
500
400
300
200
100
0
TOTAL SCORE

PARAMETERS RETAIL STORES


STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS

TIME
TIME SPENT
SPENT ONON SHOPPING
SHOPPING LOYALTY PROGRAM AWARENESS
150
135
12%
5% 120
12%
20% 0 to 0.5 hrs 105
5%
15% 0 0.5
to 0.5
20% to 1hrs
hrs 90

SIZE SET
15%
0.5 to 21 hrs
1 to hrs
75
1 2toto2 3hrs
hrs 60
48% 2 More
to 3 hrs
than 3 hrs 45
48%
More than 3 hrs 30
PEOPLE AWARE
15
0

LOYALTY CARD

EXCEL SHEET
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
Purchase Determining Factor (Merchandise related)
300

250

200
Points

150

100

50

0
Color Fabric Price Quality Style Brand
Attributes

LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
(Merchandise related)
MERCHANDISE COLLECTION ANALYSIS
140

126 124
120
113

100 101
100 97

86

80 77
74
POINTS

Shoppers' Stop
60 Lifestyle
Westside

40

20

0
MEN'S WOMEN'S KID'S
DEPARTMENTS

LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
(Merchandise related)
PURCHASE FREQUENCY-CATEGORY WISE
40 38

35

30 28 28
27
26
No. of Respondents

25 23 23

20 19 19
17 Monthly
16 16

15 14 Once in 3 months
13 13
Once in 6 months
10
10 9
8 8 Once in a yr
7
6
5
5 4 4
3 3 3 3
2 2 2
1

Category
LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
(Merchandise related)

PREFERENCE OF PURCHASE
180
170

160

140 133
124
120 111
106
100 91
Points

83 82
80

60

40

20

0
FORMALS SEMI-FORMALS CASUALS ETHNIC PARTYWEAR SPORTSWEAR FOOTWEAR ACCESSORIES
CATEGORY
LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
(Merchandise related)
FABRIC PREFERENCE FOR GARMENTS
50

45 43

40 38

35
32
No. of Respondents

30
COTTON
25 POLYESTER
22
COTTON - POLY
20
POLY VISCOSE
DENIM
15 13
12
11

10
7 7

5 4 4
3 3
1
0 0 0 0 0 0
0
SHIRTS/ TOPS BOTTOMS SUITS/ JACKET SALWAR SUITS
Garment
LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
SIZE PREFERENCE FOR TOPS/SHIRTS/T-SHIRTS/BLAZERS (Merchandise related)
20

18
18

16

14

12
No. Of Respondents

12

10

TOPS/SHIRTS/T-SHIRTS/BLAZERS
8
7
6
6
5

2
2

0
XS S M L XL XXL
Sizes
LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
(Merchandise related)
SIZE PREFERENCE FOR BOTTOMS
16
15

14

12
12

10
No. Of Respondents

8
8
7
BOTTOMS
6
5

4
3

0
Size 28 Size 30 Size 32 Size 34 Size 36 >36
Sizes
LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS
SIZE PREFERENCE FOR SALWAR SUITS/KURTA PAYJAMA (Merchandise related)
20
19

18

16

14

12
No. of Respondents

12

10

8 SALWAR SUITS/KURTA PAYJAMA


8

6
5
4
4

2
2

0
S M L XL XXL free size
Sizes
LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
QUESTIONNAIRE
ANALYSIS (Merchandise
SPENDINGS PER GARMENT & Price related)

35
32

30 29
28 28
27

25 24

21
No.of Respondents

20 TOP/T-SHIRT
BOTTOMS(PANT/SKIRT)
FORMAL/ SEMI FORMAL SHIRTS
15
13 SUITS
12 12 12 DENIM
11 11
10 ETHNIC
10 9
7 7

5
3
2 2
0 0 0 0 0 0 0 0 0 0
0
200-500 500-1000 1000-1500 1500-2500 >2500
Price Range
LINK
STEP 4: DETERMINING CUSTOMER
PREFERENCES & EXPECTATIONS
RATIO OF MALE/FEMALE OCCUPATION OF RESPONDENTS
100 88
90
80
70
60
50
42% 40 28 30
MALE 30
FEMALE 20
10 4 No. of Respondents
58%
0

AGE GROUP OF RESPONDENTS


60 56
53
50 ANNUAL INCOME OF
40
RESPONDENTS
70 58
30 60
21 50
37
20 16 No. of Respondents 40 29
30 24
10 20 No. of
4 10 2 Respondents
0 0

Less 20-25 25-30 30-35 more


than 20 yrs yrs yrs than 35 DEMOGRAPHIC
yrs yrs
DETAILS
SHOPPERS
SHOPPING STOP
EXPERIENCE
LIFESTYLE
VM

CUSTOMER WESTSIDE
SERVICE
VALUE FOR MONEY

STYLE OPTIONS

NO. OF NATIONAL
BRANDS
Y

SIGNAGES
R

PARKING
O

FACILITY
T
C

AMBIENCE
A
F

SALES PROMOTION
S

LOYALTY PROGRAMS
I
T
A

ADVERTISEMENT
S

EXCHANGE PROVISION

BILLING FACILITY

AISLE SPACE
LOYALTY
PROGRAMS

VM
PROMOTION
ADVERTISEMENT

SALES
FACILITY

VALUE FOR

SHOPPING
MONEY
STYLE
OPTIONS

EXPERIENCE
PARKING
PROVISION

FACILITY
EXCHANGE
BILLING

CUSTOMER
NATIONAL
NO. OF

BRANDS
SIGNAGES

SERVICE
AMBIENCE
AISLE
SPACE

U N S A T I S F A C T O R Y
RECOMMENDATIONS- FOR POSITIONING

The new retail store should be positioned in between Lifestyle and Shoppers Stop with emphasis on
quality and fashion and latest trends that provides value for money to the customer giving them a
wonderful shopping experience.

The upcoming store should have a suitable loyalty program.

The tagline of the store should be clear and simple so that the customer can easily relate it to the
fashion retail store

Advertisement via television should be used apart from other means like hoarding, newspaper,
pamphlets to create awareness and publicity

Brand endorsement should be done by using celebrities to arouse the interest of the target customer
and to position it on the fashion plank

The outlet should emphasize on brand building as people buy product not as a brand but as a store
product
RECOMMENDATIONS- FOR POSITIONING

Visual Merchandising –

Mannequins should be located properly and used wisely to provide for an effective visual
merchandising. There should be no visible price tags on them.

Planogram should have a logical flow to add to the customers’ convenience

Same color story should be used both for nesting table as well as for wall display

The nesting table should carry latest in fashion and merchandise should be styled and not
stacked on it

The merchandise should be stacked low or else it creates an effect of a hypermarket

Arrangement on Nesting Table


RECOMMENDATIONS- FOR POSITIONING

There should be a minimum of 6 feet aisle space between different segments to facilitate movement

Comfortable seating arrangement should be provided

There should be atleast 5 trial rooms in each segment which should be spacious having mirrors on 3
sides, hooks provided on the door, sufficient lighting and stool.

Prominent signages should be placed in each of the sections indicating the sizes, styles, section name,
etc to avoid any sort of ambiguity

It should also provide for services like alterations and exchange provisions to strengthen customer
services

Adequate lighting facility at window display should be there to enhance its affect.

Private labels should be advertised to create awareness among the target customers

The store should provide for a good ambience by use of appropriate lighting fixtures, walls and ceiling
design, flooring etc
RECOMMENDATIONS- FOR PRODUCT

Merchandise mix should comprise of national and international brands (70%) and private labels
(30%) for the upcoming fashion retail format

Fast moving sizes should be determined and provisions should be made for stock
replenishment

New offerings should be clubbed and displayed in reasonably size and place

Each option in all brands should be reviewed after initial response from customers

There should be sufficient style options across all segments and categories

Quality should be maintained and the merchandise provided should also be durable apart from
being stylish and trendy
RECOMMENDATIONS- FOR PRICE

Price gaps should be minimized as much as possible to offer the customer


options at each price point

Merchandise should cover a wide range in terms of price points so that it


caters to different customer segments having different disposable income

The merchandise mix should be priced at intervals of hundred rupees.


RECOMMENDATIONS- FOR PROMOTION

Promotion mix should include print media, hoardings and advertisement on


air (TV, radio) and internet

Since in different parts of India different festivals are important, the store
should promote its merchandise according its demography to encash on the
festive mood of the customers

Even during the end of season sale, the merchandise should not be dumped
as it gives a very uncouth look and is not appealing to the customer and
may go against the store image and positioning
RECOMMENDATIONS- FOR PEOPLE

The CSAs should be regularly given product training so that they can clear
the minor queries of the customer regarding fabric quality, composition etc

The CSAs should be provided sales training to understand the customer


temperament and convince them to buy

There should be incentive schemes given to CSAs which should include a


share of the sale done by them
Senior Concept Manager (1)
SUGGESTED HIERARCHY
FOR THE FASHION RETAIL
Concept Manager (1)
STORE

Merchandise Controller (1) Assistant Concept Manager (1)

Asst Merchandise Controller


(2: Men + Ladies)

Supervisor (1) Supervisor (1) Supervisor (2) Supervisor (1)


Mens Formals, Casuals & Denim Wear Ladies Western Ladies Ethnic &
Accessories Wear Lingerie

Senior CSAs (2) Senior CSAs Senior CSAs Senior CSAs (2)
1.Mens Formal & (2) (2) 1. Ladies Ethnic
Accessories 2. Lingerie
2.Mens Casual

CSAs (including juniors) -35


THANK YOU

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