FabIndia was founded in 1960 to market Indian craft traditions and provide rural employment. It began as an export house and opened its first retail store in 1975. FabIndia now has 99 stores in India and internationally selling a wide range of handmade products. It faces competition from other retailers and boutiques but differentiates itself through its unique products that support artisans. FabIndia's future plans include expanding its organic products and stores both nationally and globally.
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FabIndia was founded in 1960 to market Indian craft traditions and provide rural employment. It began as an export house and opened its first retail store in 1975. FabIndia now has 99 stores in India and internationally selling a wide range of handmade products. It faces competition from other retailers and boutiques but differentiates itself through its unique products that support artisans. FabIndia's future plans include expanding its organic products and stores both nationally and globally.
FabIndia was founded in 1960 to market Indian craft traditions and provide rural employment. It began as an export house and opened its first retail store in 1975. FabIndia now has 99 stores in India and internationally selling a wide range of handmade products. It faces competition from other retailers and boutiques but differentiates itself through its unique products that support artisans. FabIndia's future plans include expanding its organic products and stores both nationally and globally.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
FabIndia was founded in 1960 to market Indian craft traditions and provide rural employment. It began as an export house and opened its first retail store in 1975. FabIndia now has 99 stores in India and internationally selling a wide range of handmade products. It faces competition from other retailers and boutiques but differentiates itself through its unique products that support artisans. FabIndia's future plans include expanding its organic products and stores both nationally and globally.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPTX, PDF, TXT or read online from Scribd
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SUBMITTED BY:-SUBHAJIT PAUL
ROLL:-PG-09-106 SUMMER TRG:-FAB INDIA ABOUT FABINDIA • FABINDIA was founded with the strong belief that there was a need for a vehicle to market the vast and diverse craft traditions of INDIA and thereby help fulfill the need to provide and sustain rural employment. • In 1958 John Bissell left New York to work as a consultant for the Ford foundation. Highly impressed with the Indian handloom textile he decided to exhibit this craft to the outside world. This led to genesis of FABINDIA in 1960,primarily as an export house in order to provide equitable employment and to fuse the best aspect of East-West culture. • In 1975 the first FABINDIA retail outlet was opened in Greater Kailash, New Delhi. By the early eighties,FABINDIA has forayed into the production of garment made from hand woven and hand block printed fabrics. CONTINUED • PRESENCE:- The stores of FABINDIA are located all over the world with 99 stores in all the major cities and states of India. Moreover FABINDIA offers its stores in various international places including UAE, Dubai, Bahrain, Italy and Rome. INDUSTRY OVERVIEW • The apparel industry is India's largest foreign exchange earners, accounting for nearly 16% of India's total exports. In 1996 India textile export amounted to rupees 35000 crores of which apparel occupied over rupees 14000 crores . The traditional cloth market is growing at a rate of 11% a year. PRODUCT PORTFOLIO It’s product ranges from:- Garments for men and women. Accessories Home linen and furnishing. Home products Floor coverings Body care products Organic food products and ethnic jewellery MARKETING MIX • PRICE:- FABINDIA’S product range enables it to provide a wide range of products in a wide price range. The product ranges from garments for men and women to upholstery, furniture etc. FabIndia has tried to make sure that the customer cost remains affordable and gives “value for money”. To this end it has expanded it’s range of garment starting from rupees 200 to rupees 2000 in order to provide something for its customers.
• PROMOTION:- FABINDIA has traditionally relied on word of mouth
advertising. It believes that product speaks for itself and this strategy has uptill now worked very well. It believes that only problem in this strategy is that customer do not know the location of the store, so to overcome this they have started using various tools such as mobile marketing, advertorials in newspaper to aware the customers about heir stores. Contd... • PLACE:- It has 99 stores location across India. It is trying to increase coverage in order to make sure that the products are available at large number of places as possible. It also differentiate it’s store according to the product’s stored. This ensures convenience for the customer since the products are available in the same store or in the nearby stores. • PRODUCT:-FABINDIA’S product are its differentiating factor and it has made sure that the quality and style of the product is maintained over the years. It has a wide range of products ranging from garment’s to organic food. All the products have one factor in common I:e handmade and thus supports artisans. This is a very strong customer value leveraged by FABINDIA which support poor artisans and provide livelihood to a large no. of people. COMPETITION Secondary competitor Strength Weakness
Tailoring outlets 1. Reaching out to 1. Very fragmented
customers with large business approach. dispersion. 2. Ensures convenience of demanding service.
NGO’s promoting 1. Strong community 1. Lack of retailing
based operation. expertise and handicrafts 2. Complementary inability to minimize products manufactured cost. with other firms. COMPETITION Primary competitor Strength Weakness Retailing houses(shoppers 1. National presence of Diversity of product stop, Westside, reliance outlets. 2. Retailing expertise and is very less. trend, Globus) competitive pricing
Designer Boutiques 1. Scope of product No uniformity in
customization. price across products. 2. High level of customer intimacy. SWOT ANALYSIS • STRENGTHS:- weakness:- Differentiable products. No promotion strategy. Brand recognition and loyalty. Limited business channels. Diverse product mix. Inconsistent product quality. In house manufacturing. Low awareness. Price trend setters. Different categories of store. Customer loyalty. Cont.… • OPPORTUNITIES:- THREATS- Promoting e-business channel. Substitute producing competitor.
Organic food products. Not in touch with fashion trends.
Customer acquisition strategies. Government Interventions • Indian apparel manufacturers are facing severe problems given that the rise in price and scarcity of fabrics and the industry has sought govt interventions to initiate some kind of mechanism that will check uncontrolled exports of yarns and cotton from the country. • Garments exporter association has expressed concern over the sharp rise in price of cotton which is severely affecting the performance of Indian apparel industry. • The price of yarn are rising given the rising exports of cotton to western countries. It is manufactured in western countries and again exported to India which is giving tough time to apparel manufacturers. • Government is thinking of banning exports of cotton or put on end of high quality exports from going to western countries. Government has been requested to impose high duty on cotton export in order to deter exports of cotton. FUTURE PLANS The future plans of FABINDIA includes leveraging the organic products section, since it is still in a nascent stage in India. It plans to expand nationally and internationally.it is also trying to reduce the number of defects in the products to a minimal which includes bleeding of color, shrinkage etc. For FABINDIA William Bissell has set a very ambitious target of reaching 250 stores and a turnover of rupees 2000 crores at the end of 2011.the growth is expected to come from new stores as well as increase in sales from existing stores. This increase will be achieved by increased emphasis on premium products. Growth in locations was expected to come from expansion in overseas market as well as greater penetration in the markets in the smaller towns. FABINDIA planned to expand significantly in Tier II and Tier III cities.
