Retail Update: School of Retail & Fashion Merchandise
Retail Update: School of Retail & Fashion Merchandise
Retail Update: School of Retail & Fashion Merchandise
Update
School of Retail & Fashion Merchandise
Students decorated the venue and created a selfie point also. Contest for Mr & Ms. Retail
was held with a round of rapid fire questions, participants were also asked to narrate their
FDDI journey.
The Stores have different themes from different inspirations. These inspirations are not
taken from external sources but from the intrinsic self. The students choose the themes
according to their interest areas. Those who are interested in music made the Store
Design art of music and the same goes for Floral Shops, Gifts Gallery, Automobiles and
Cosmetics.
Retail Update
Student Work – Store Design
(Manisha Mahananda, Najma, Jyotsna Joshi, Shikhar Singh, UGDRFM10)
PRODUCT DESCRIPTION:
Our store specializes in ―Wigs‖ for women who are fashion oriented.
Our store focuses more on fashion oriented and less on people who have hair conditions
like hair fall, baldness etc.Our core product is wigs of synthetic fiber and premium natural
fiber while other product we offer are hair products such as Hair extensions , Hair stencils ,
Hair bangs , Hair colors, Hair sprays and Different types of Hair clips and bands.
Pricing: Other products starts from Rs 199 and above. Our core products starts from Rs
1999 to 21,000.Income Group for our core products : Rs 9,00,000 p.a and above.
Income Group for our basic products : Rs 6,00,000 p.a and above.
Retail Update
Metro ups the ante to battle Walmart in cash-and-
carry retail biz (Source-The Hindu)
MUMBAI, DECEMBER 14:
In the two years he has spent at the helm of Metro Cash and Carry, India‘s largest
operator in the organised wholesale space, Arvind Mediratta, MD and CEO, has taken
the fight for growth to his former employer Walmart‘s strongholds in the northern and
western markets.
The store count for the Dusseldorf-based wholesaler, the first foreign giant to enter India,
now stands at 24. Mediratta plans to double this in the next three years. Closest rival
Walmart opened its 21st store last month and hopes to reach 50 by 2020.
Since both are private companies, the latest financial figures are hard to come by. Metro
reported FY17 sales of ₹5,632 crore, while for
the 15 months ended FY16, Walmart‘s sales
in India was close to ₹4,000 crore.
Future plans
Mediratta is not cowed, either by the US
giant‘s commitment to invest ₹3,200 crore in
the Indian market over the next three years, or the onslaught of e-commerce in the
grocery retail sector. Instead, his future plans include strengthening the sales contribution
from the HoReCa (hotels, restaurants, cafes) category, widening the product suite and
enrolling a larger number of clientele on digital platforms.
Metro‘s German parent, for its part, has made commitments to invest ₹1,690 crore for its
India operations till 2020. HoReCa accounts for 15 per cent of the sales for Metro in India.
―We want to expand this segment into a wider range of products, such as crockery,
appliances, electronics, besides fresh foods,‖ said Mediratta.
Another Bengaluru-based outfit, RentOnGo, has over 10 categories listed for rent but its
focus since 2015, has been on bikes. Within bike rentals, the usage is split between travel
and commute, with the former taking a major chunk, accounting for 70% of revenue
within bikes.
Retail Update
Jack Ma pitches for easier e-commerce rules at WTO
conference (Source-Economictimes)
"E-commerce is future...it is the solution for small business," Ma said.
The presence of the world's leading e-commerce player at the WTO is significant as
member countries are divided over the way the issue should be handled by the
multilateral trade body.
While some countries want to push e-commerce to the negotiating table, India and
others maintain that binding rules would restrict the
policy space to deal with the emerging sector, and
favour the continuation of 1998 Work Programme with
non-negotiating mandate.
"If businesses and government work together, we can create a more inclusive trade
model to expand the benefits of globalisation to those who have been left behind." The
Enabling e-commerce initiative, he added, envisions a world where small businesses,
young people and developing countries can succeed in global marketplace.
WTO Director General Roberto Azevedo said that e-commerce can lift up small businesses
around the world.
"The vibrant debate on these issues has shown the desire of many WTO members to
bridge the digital divide, and to gain a deeper understanding of the challenges and
opportunities of e-commerce," said Azevedo.
The Enabling e-commerce is a joint initiative of the WTO, the World Economic Forum (WEF)
and the electronic World Trade Platform (eWTP).
Founder of e-commerce giant Alibaba, Ma had came out with the concept of eWTP to
bring small and medium-sized enterprises more fully into the global economy.
Retail Update
The retail rebound (Source-Forbesindia)
After a sustained lull, the retail sector has finally rediscovered a spring in its step. Investors
are, once again, showing faith in what was considered a sunrise sector in the early 2000s,
but had failed to sustain momentum. This time, having learnt from its past mistakes, the
industry is perceived to be on a much firmer footing. And in for the longer haul.
First, consolidation: Rivals (Future Group and Bharti Retail) have merged or been bought
out (Nilgiris by Future Group). Some like the RP-Sanjiv Goenka Group‘s Spencer‘s and the
Aditya Birla Group‘s More have scaled back expansion plans and shut down stores.
Second, per store profitability is now the name of the game. Scale at the cost of
profitability is no longer an option. Retailers will now tell you that there is enough space for
everyone and the first to expand is not
necessarily the winner.
Its efficient operations coupled with a low free float have given the Radhakishan Damani-
owned retail operation a stratospheric valuation of ₹69,000 crore as of mid-October.
At the same time, the valuation of rival Future Retail has also grown as it reorganised
businesses and showed healthy same-store sales growth. Still, analysts caution that
valuations are running ahead of fundamentals. ―While the valuations of the retail sector
may have received a short-term bump with DMart‘s listing, in the long term, it is the
fundamentals of the business that will drive stock prices,‖ says Viraj Mehta, head and fund
manager, Equirus Portfolio Management Services (PMS).
For the gains to continue, the challenges will have to be contended with. The threat from
ecommerce looms. While it is still a nascent problem—with companies like BigBasket and
Amazon losing money—there is every chance it could skew the business model of the
sector and result in a nasty price and market share war.
Retail Update
Watchout: Your Last FB Post Could Decide How
Customer Care Treats You (Source: TOI)
Earlier, marketing surveys, mail chains and direct interaction helped collect such
information. Now, data analytics companies like Frrole, Germin8 and BetaOut are mining
the virtual world to gather customer insights. While 95% of companies still use social media
for marketing, the rest are using insights gathered from a person's social profile for other
reasons, said Kalkat.
What is social media tracked for Germin8 tracks up to 10,000 conversations a month for
150 brands, including Airtel, Cadburys and Godrej. Ranjit Nair, who started the company
in 2012, said tracking how people behave on social media helps brands.
One credit-card company analysed the Twitter, Facebook, Instagram and Snapchat
handles of its top customers. "A person who was talking about travelling a lot received
discount vouchers for the next flight ticket he booked using the credit card. A person
posting about movies got a discount voucher for the next ticket he booked online with
the card," said Nair.
Insights gathered from social media lead to greater impact, the companies said. A
typical email campaign for the credit card company had a 4 per cent success rate, but
using social media insights upped it to 12 per cent, said Nair.
Retail Update
Watchout: KPMG unveils New Customer Engagement
Framework: Me, My Life, My Wallet (Source: PR Newswire)
"Consider two men born in the same year, both British, both are self employed and both
are extremely wealthy. They both like wine, cars, have been married twice.
Should a business treat these two customers the same? Many companies would. One is a
prominent member of the British royal family and the other, a famous heavy metal rock
star ─ worlds apart in terms of their tastes and preferences. This example illustrates that a
demographic profile alone is not an accurate predictor of the nuances of behavior.
Understanding the mix between income, spending and saving, and how this changes
across generations and life events, provides a level of intelligence beyond that offered by
traditional models.
Generational Surfing
There was a time when understanding a particular generation such as the baby boomers
was enough to predict future behavior. With extending life stages and drifting life events,
riding the waves between generations isn't as predictable as it once was. Generational
surfing presents a new perspective on how those life event drifts can help businesses
anticipate changing needs and preferences.
Retail Update
To Be a Good Speaker Be a Good Listener (Source:TheHindu)
It would help young managers if they listen carefully to
what people are saying, before they start talking.
Brown says that while speaking in public, it‘s important to know the audience and
understand their perspective. ―Put yourself in their shoes and think how your words can
help them reach a certain goal or gain information or entertain them. In addition, one has
to be sure that one‘s message is valid.‖
Addressing audiences
Brown himself prepares carefully to address different audiences. First, learn who the
audience is. ―I have been speaking for over 20 years. I talk to young people aged 12-18,
including secondary school students; to prepare, I use references that a 13-year-old can
understand and relate to. With a business audience, my material and approach is
different.‖
―I have seen people work hard on their communication skills as they realise that to be a
leader, you have to learn to communicate effectively with subordinates, stakeholders
and clients. They want to communicate their ideas, vision and goals clearly.‖
Retail Update
Company Profile: Future Group(Vipul Singh,PGRFM11)
Future Group is India’s largest retailer and one of the Leading business houses with a
strong presence in retail. It’s Founder and Group CEO is Mr. Kishore Biyani.
Future Retail serve customers in more than 240 cities across the country through over 11
million square feet of retail space. Over 330 million customers walk into our stores each
year and choose products and services supplied by over 30,000 small, medium and large
entrepreneurs and manufacturers from across India.
Fbb entered into a partnership with the VIVO Indian Premier League (IPL). The fbb -
VIVO IPL 2017 saw fbb's brand presence on perimeter boards, pitch mat, boundary
rope, big screen
Central and SBI Card launched a unique co-branded credit card designed for the
aspirational urban. Future Group associated with Bajaj Finserv to launch India's first
retail EMI card
The company, which has built an integrated warehouse with a capacity of over 30
crore garments in Nagpur, is betting big on the growing demand from fashion
conscious customers and consumers' interest for lifestyle and fashion.
Kishore Biyani‘s retail behemoth Future Group on Thursday announced that it has
acquired HyperCity, a 19-store network of high-end grocery and merchandise
retail, for ₹655 crore from Shoppers Stop Ltd. Mr. Biyani said Over another 12-18
months, 15% to 16% of revenues will come out of these properties we are acquiring
and that is quite substantial for us.
What we are talking is, as a group, we were talking of 4,000 stores by 2020. We are now
looking at a model where it can be increased to maybe another 5,000-6,000 plus kind of
stores.
Retail Update
Retail Hotshot Quiz
#16
Identify the retail hotshot with the help of the given clues
Clues :
I-MPULSE 96
(Reeja Raveendran, IPRM, Noida)
Q2) With which company has Adidas launched its first shop-in-shop format?
Q4) What is the speciality about the „Nitrogem chrome Browser extention‟?
Q5) Name the investment arm of LVMH(French Luxury Goods Conglomerate) which
has acquired majority stake in the promoter of the fine dining restaurant brands
Smoke House Deli and Social?
Q8) Name the e-commerce company which has announced a curated Christmas
store for this Christmas?
Q9) Where in India has the „first‟ mobile food testing lab been launched ?
Retailogy
HoReCa Market
Horeca (also HoReCa, HORECA) is an abbreviation used in Europe for the
food service industry. The term is a abbreviation of the words
Hotel/Restaurant/Café or Catering.
The total sales of all food outlets. It comprises the following segments: Ho –
hotel food services market, i.e., total revenues from sales of food outlets
located in hotels; Re – restaurant services market, i.e., total revenues from
sales of restaurants, fast food outlets, cafes, and bars; Ca –catering
market, i.e., total revenues from sales of catering services.
Retail Update
VISUAL TREAT Rohit Singh Jadoun(UGRFM-12))
Retail Update
Retail Update
Retail Update
Job Openings (Source: FDDI-Retail Jobs/Internship)
(Abhishek Sahu, PGDRFM, Noida)
Openings for Graduation project interns in ethnic wear retail brand based outlet in Jaipur.
Requirement: Fashion Communication- 2 intern
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FDDI(Retail) Alumni inputs at
stimulusretail@gmail.com
https://www.facebook.com/groups/FDDIRetailAlumni/
FDDI(Retail)Instagram
Mentor Alumnus :
Abhishek Bijanu
ACM, Lifestyle
Pranshu Dixit
Store Operations Manager
Decathlon Sports India
Saddam Hussain
Store VM, Lifestyle
Resource Students:
Sristy Kumar,B.Des
Parul Goyal,PGDRFM11
Editor: Chief Editor:
Rohini Shahi, DRFM11
Renu Sharma Anil Kumar Sharma
Sneha Nayek, PGDRFM11
Consultant (Retail) Chief Consultant (Retail)
Joy Arora, DRFM10
FDDI, Noida FDDI, Noida