Help in Questn Recmndtn
Help in Questn Recmndtn
Help in Questn Recmndtn
Customer Analysis
Competitor Analysis
Internal Analysis
POWER OF MEDIA
EMPLOYEES AS STRENGTH
• The product mix of the brands , was studied in detail, with price
range and also the area occupied by each of them. Then the sales
per sq/ ft was calculated.
• The sales per day were accounted both during the regular period
and during the sale period.
• Sales per month, both according to the data were recorded too.
• Then the target customer and the age group was defined.
3. USI
Brand location next to lingerie
Target market – youth, should be next to similar int. brands
QUESTIONNARE ANALYSIS
PROFESSION •Major customers of Lifestyle is the
youth.
9% •Should focus on Brands and
merchandise which are formal, for
SALARIED everyday work wear and easy to
25%
STUDENT maintain.
66% •For the student category, the
BUSINESS merchandise should be trendier,
fresher looking, low maintenance
and bright colors with lower
pricing.
RESIDENCE LOCATION More hoardings and advertising
12% should be done in those areas to
7% aware the people about the store
SECUNDRABAD and make an impact such that they
41% TARNAKA come to Lifestyle to shop
13% BANJARA HILLS
irrespective of the distance.
HI TECH
AMEERPET
OTHER
11%
16%
MARITAL STATUS
•Marriage is a major factor
17% determining the choice of the
women when it comes to shopping
in western wear.
MARRIED
SINGLE
•More of Indo- western should be
83% introduced to encourage shopping by
the married women too.
AGE GROUP
•Merchandise should be of the latest
4%
trends, and available in sizes
considering the general body type of
33%
Indian women between 20 to 25 years
15-20 of age may range from petite to being
20-25 obese
25-30 •Have more of youth brands to attract
63% women from 15 to 20 years of age
•More Indo-western and Formals for
25 to 30 years age group
0%
MONTHLY HOUSEHOLD •The store should have brands that
0% are comparatively low in prices, and
INCOME
aim the middle class as a target.
24%
•This would help attract the middle
< 10,000 class and increase footfalls as well as
38%
10,000-20,000 sales.
20,000-40,000 •Contrary to this it should also have
50,000-1,00,000 merchandise which has the target
>1,00,000 market as high class customers who
38%
prefer to buy International brands,
like FCUK, Calvin Klein etc.
• Pantaloons was not taken in consideration for the survey since the ratings
in the previous survey showed that it had lower ratings in all the factors.
SHOPPERS STOP WESTSIDE HYDERABAD CENTRAL
PROFESSION
RESIDENCE LOCATION
MARITAL STATUS
AGE GROUP
MONTHLY HOUSEHOLD
INCOME
HOW OFTEN DO YOU SHOP?
MEANS OF KNOWING THE
MBO’s
FACTORS INFLUENCING
SHOPPING
ATTRIBUTES RATING
SHOPPERS STOP MERCHANDISE WESTSIDE MERCHANDISE
SALES PROMOTION
10% 16%
RETURN/EXCHANGE
10% POLICY
VALUE FOR MONEY
16%
12% VISUAL MERCHANDISE
AMBIENCE
14% 12%
10% STAFF ASSISTANCE
OVERALL RATING
CONCLUSION
SIMILAR BRANDS AT ALL THE MBO’s
KRAUSS Good stock, similar Good stock, similar Good stock, similar na
to other MBOs to other MBOs to other MBOs
SHOPPERS STOP Elliza donatein- economic, casuals, formals, good display, dresses
Austin reed- formal, semi formal, price range affordable
Stop- casuals, bright clothes, trendy dresses, very according to the season
Life- similar merchandise as stop, affordable.
WESTSIDE NUON- lot of variety, colorful clothing, chest print t-shirts, shorts etc, price
range affordable.
Westside- casuals, formals, good price range, large sizes available too. Many
color options
Corporate class- formals, various styles.
Designer pret- India’s best designers, has the brand name
Westsport- sports wear, affordable prices
CENTRAL Annabelle- has a wide range of merchandise mix, party wear, very feminine
designs
Honey- casuals, tees starting from 199, all colors available, capris, dresses too.
Affordable price range
Ajile- sports wear, affordable prices
CONCLUSION
INTRODUCTION OF A NEW
BRAND
As the Brand Analysis of all the Brands at Lifestyle, Shopper Stop,
Central and Westside was done, the major factor that was observed
was the less fashion stock at the store as compared to the other MBOs.
The same brands that were at all the MBOs had similar and trendier
merchandise except at Lifestyle.
Thus, introducing a new Brand at the store which fulfilled the needs
and desires of the customers, such that shopping at Lifestyle becomes
a wholesome experience, was the new approach concluded.
The marketing strategy that Lifestyle can use for the first
time is by endorsing a celebrity as the brand ambassador.
The celebs too will be inclined to be a part of it since it
supports a global issue.
AREA REQUIRED:
The area that can be used for this is next to the lingerie section;
the wall is void and should be turned into wall space.
OVERALL GROWTH
• Look away from the traditional marketing methods, and initiate more
effective ones like the internet, and social networking to keep costs low
and still reach out to a large audience. Online retailing has been launched
by Shoppers Stop and Big Bazaar besides some lingerie company like
Groversons and Tipsy, and have shown a better than expected response
from the customers.
THREATS
• The new brand suggestions were appreciated and would be worked upon.
• The training module will be incorporated to train all sales staff to bring
them to a common platform to provide superior services to the
customers.
• The project work and study has been an immense source of learning, in
turn teaching us retail basics and tactics.
BIBLIOGRAPHY
Images Yearbook Business of Fashion 2009
Retailing Management – Michael Levy, Barton A Weitz
Research Methodology – CR Kothari
www.rncos.com
www.lifestylestores.com
www.dailynewsandanalysis.com
www.buzzle.com
http://www.surveysystem.com/sample-size-formula.htm
http://www.childrensmercy.org/stats/definitions/convenience.htm
http://lathamandcompany.com/people_who_care_about_you.htm
http://www.buzzle.com/articles/retail-store-management-tips.html
THANK YOU