Analysis of customer buying behavior in men’s casual section in Pantaloons,SGS Mall, Pune
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Transcript of Analysis of customer buying behavior in men’s casual section in Pantaloons,SGS Mall, Pune
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WIP PRESENTATION
By:Pascal LakraPGDM DM16C31
Topic: Analysis of customer buying behavior in men’s casual section
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SCPS
Sector: Retail
Company: Pantaloons
Product: Apparels
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SECTOR INFORMATION• Indian retail is one of the fastest growing markets in the world due
to economic growth
• By 2020, retail market in India is projected to reach USD1.3 trillion from USD672 billion in 2016
• Supermarkets to total 8,500 by 2016 from 500 in 2006
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CONT.• Increasing participation from foreign and private players to boost retail
infrastructure, FDI inflow in retail for September 2016 stood at USD909.12 million
• Revenue generated from online retail is projected to grow to USD60 billion by 2017 and USD70 billion by 2020 from USD6 billion in 2015.
• Retail industry is expected to grow to USD 1.3 trillion by 2020, registering a CAGR of 23.09% between 2000-2020
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10%
90%
GDP CONTRIBUTION
RETAIL SECTOR
OTHER SECTORS
2000 2002 2004 2006 2008 2010 2012 2013 2015 20200
2000
4000
6000
8000
10000
12000
14000
204 238 278 321 368 424 518 490 600
13000
COMPOUND ANNUAL GROWTH RATE
COMPOUND ANNUAL GROWTH RATE
CAGR 7.46%
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REASONS FOR GROWTH:• Rising income and demand for quality products to boost consumer expenditure.
Consumer expenditure estimated USD3.6 trillion by 2020, USD1.25 trillion in 2015
• Increasing investments as foreign retailers are continuously entering the Indian market cumulative FDI inflow in retail for September 2016 stood at USD909.12 million and is expected to increase with 51 per cent
• Online retail business is the next generation format which has high potential for growth in the future. The industry is projected to reach USD 100 billion by 2020 growing from USD 30 billion in 2016
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RETAIL
ORGANISED
UN-ORGANISEDE-RETAIL
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ORGANIZED RETAIL• Organized Retail Penetration (ORP) in India is low (8 per cent) in 2015 compared
with that in other countries, such as the US (85 per cent).
• In 2019, it is estimated that organized retail penetration share would reach 13 percent and unorganized retail penetration would hold a major share of 87 percent
Organized retail penetration (2019)
87%
13%Unorganised retail penetrationOrganised retail penetration
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DRIVERS OF ORGANIZED RETAIL
• Favorable demographics
• Rise in income and purchasing power of the customers
• Change in consumer mind set
• Brand consciousness
• Easy consumer credit
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PORTER’S FIVE FORCES ANALYSIS
COMPETITIVE RIVALRY
(Moderately- High)
SUBSTITUTE
PRODUCTS(High)
THREAT OF NEW
ENTRANTS(High)
BARGAINING POWER
OF SUPPLIERS
(Low)
BARGAINING POWER
OF CUSTOMERS
(High)
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S.W.O.T.
StrengthsWell-established brand.Economic Pricing.Quality apparel.
WeaknessesWide span of control.More complexity.Applications of IT.Employee retention.
OpportunitiesMerge with Global Brands.Growth in middle class group.Increase in disposable Income
ThreatsBeing pioneer, extensive competition.New entrants.International exposure of competitors.
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COMPANY
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BOARD & MANAGEMENT TEAM• Mr. Kumar Mangalam Birla
Chairman – Aditya Birla Group
• Mrs. Rajashree BirlaChairperson, The Aditya Birla Centre for Community Initiatives and Rural Development
• Mr. Ajay SrinivasanDirector, Financial Services
• Mr. Pranab BaruaBusiness Director – Retail & Apparel
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VISIONTo be a premium global conglomerate,
with a clear focus on each of the businesses
MISIONTo deliver superior value to our
customers, shareholders, employees and society at large.
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COMPANY SNAPSHOT
• Pantaloons Fashion & Retail Limited is an Indian premium clothing retail chain.
• The first Pantaloons store was launched in Gariahat, Kolkata in 1997.
COMPANY NAME PANTALOONSSECTOR RETAILPARENT ADITYA BIRLA GROUPNUMBER OF LOCATION 165 (APPROX)CEO SHITAL MEHTAHEADQUARTER Mumbai, Maharashtra, India
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• Pantaloons was previously controlled by the Future Group, but has now been taken over by Aditya Birla Nuvo Limited (ABNL).
• Pantaloons has now become a leading retailer in Indian retail industry.
• Pantaloons provides service to consumers in terms of apparels, accessories like footwear, sunglasses, watches, cosmetics.
• One of the largest loyalty programs: ~4.5 MN members - 60% of sales.
• Rich portfolio spanning men’s, women’s western, women’s ethnic and kids
CONT.
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Pantaloons Brand for men’sF factor
Richard parkerByford
Urban EagleSF
Bare Denim
Pantaloons Brand for women’sHoney
RangmanchTrishaaAkriti
Candy New yorkAnnabelle
Non Pantaloons Brands for women’s BIBA
Global DESIWomen(W)
ANDJealous 21
Krauss
Non Pantaloons Brands for men’sLevis
Pepe JeansCelio
Peter EnglandJohn MillerAllen Solly
BRANDS
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PANTALOONS PAYBACK LOYALTY CARD 1 points for each 100 rupees spent. Points can be redeemed later.
90 day return period instead of 30.
Can request free merchandise delivery within 3kms.
Can request a personal shopping assistant in store.
Easy exchange without the bill.
Sale preview
The points from a single purchase takes 72hours to get updated.
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MAJOR COMPETITOR
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PROJECT OBJECTIVES
PROJECT TYPE: Descriptive research METHOD ADOPTED : Survey method
Project Title – Analysis of customer buying behavior in men’s casual section
Secondary objectives are:
To study the frequency of customer’s visit to the store.
To study the effectiveness of display of the store in attracting the
customers.
To study the satisfaction with respect to different parameters
PROJECT METHODOLOGY
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Type of sampling: convenient sampling
Sample size: 50
Sample area: Pantaloons, SGS Mall
Primary and secondary data
Data collection method: Survey
Data collection tool: Structured questionnaire
Statistical tool: Percentage and mean
Data presentation: Pie charts and Graphs
DATA STUDY
SAMPLING
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ANALYSIS OF THE QUESTIONS
18 – 25 15
26 – 35 21
36 – 45 8
46 – 55 0
56 and above 6
30%
42%
16%
12%
18 - 2526 - 3536 - 4546 - 5556 and above
Q.1) What is your age group?
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Yes 42
No 8
84%
16%
yesno
Q.2) Have you ever shopped at pantaloons before?
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once a month 7
2 to 3 times in a year 23
5 to 6 times in a year 12
17%
55%
29%
once a month 2 to 3 times in a year
5 to 6 times in a year
Q.3) How often do you shop annually at pantaloons?
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Poor 0
Average 1
Good 10
V.Good 36
Excellent 3
2%
20%
72%
6%
Poor Average GoodV.Good Excellent
The mean calculated of the above data is 3.82 which is almost 4 which is Very Good.
Q.4) How do you rate the display standards in the store?
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Brand/ranks 1 2 3 4 5Urban Eagle 1 7 1
Rig 5 2 1 1Celio 3 7 2 2 5Levis 13 4 4 12 7S.F. 11 3 3 3 9
Bare Denim 7 5 7 1 9Spykar 9 7 9 10 8
John Players 4 6 7 5Pepe Jeans 6 16 4 4
Ajile 7 8 1 3 1
Q.5) Which brand would you prefer shopping from in men’s casual section?
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Urban Eagle
Rig Celio Levis S.F. Bare Denim
Spykar John Players
Pepe Jeans
Ajile0
2
4
6
8
10
12
14
16
18
12345
Urban Eagle Rig Celio Levis S.F. Bare
Denim Spykar John Players
Pepe Jeans Ajile
19 29 58 124 91 87 128 53 84 77
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Highly Dis-satisfied 0
Dissatisfied 0
Neutral 16
Satisfied 26
Highly Satisfied 8
32%
52%
16%
H.Dissatissfied DissatisfiedNeutral StisfiedH.Satisfied
The mean calculated of the above data is 3.84 which is almost 4 which is satisfied.
Q.6) Rate your satisfaction with respect to availability of your preferred choice?
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1 Excellent 0
2 Very Good 11
3 Good 20
4 Average 16
5 Poor 3
22%
40%
32%
6%
Excellent Very Good GoodAverage Poor
The mean calculated of the above data is 3.22 which is almost 3 which is Good.
Q.7) How do you find the brand and product availability for men’s casual section in pantaloons?
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1 Poor 0
2 Average 1
3 Good 12
4 Very Good 19
5 Excellent 18
2%
24%
38%
36%
Poor Average Good V.Good Excellent
The mean calculated of the above data is 4.08 which is almost 4 which is Very Good.
Q.8) How was your shopping experience today?
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H.Dissatisfied Dissatisfied Neutral Satisfied H.SatisfiedStaff Service 12 24 14
Pricing 7 19 22 2Product Quality 1 17 22 10
Variety 2 23 20 5Billing 8 21 18 3
Staff Service
Pricing Product Quality
Variety Billing05
1015202530
H.DissatisfiedDissatisfiedNeutralSatisfiedH.Satisfied
Q.9) Rate our Satisfaction with respect to following parameters:
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Yes No
Greeted at the store 38 12
Explained Product features
41 9
Encouraged to try our products
47 3 Greeted
at th
e stor
e
Explai
ned Pro
duct fea
tures
Encoura
ged to
try o
ur pro
ducts0
1020304050
38 4147
12 93
YesNo
Q.10) During your visit Today, Were you (select yes or no)
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FINDINGS
Preference of customers are with respect to the brand
Not many customers know about the in-house brands
Less options present on the large preferred factor that is the size
Less effective supply of merchandise
Supportive staff and service
Less follow-up of punctuality
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RECOMMENDATIONS Proper preparations for billing process
Keeping track of merchandise being sold (size and colour)
Strictness in timings of the staff
Provide a relaxing space for the senior citizen
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THANK YOU