Fab India marketing project

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Transcript of Fab India marketing project

Page 1: Fab India marketing project
Page 2: Fab India marketing project

Journey Begins with John Bissell..1960 •Started as export house

1976 •First Retail store in India

1999 •William Bissell steps in as MD

2000 •Home Products (Non-textile range started)

2010 •120+ stores including 6 overseas

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Legacy Continued By William Bissell..Vehicle for Marketing the Vast and Diverse Craft

Traditions of India

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Company Products

Garments Accessories Home linen Home furnishings

Home products Floor coverings Personal products Organics

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•Women’s wear•a) Indian •b) Western

•Men’s wear •Accessories•Infant, Kids, teens•Upholstery and curtains•Bed linens•Table and bath linens, floor coverings

Garments

•Furniture, •Lighting, •Stationery, •tableware, •Cane Basket•Selection handicraft utility.

Home furnishing

• Cereal• Grains• Pulses• Spices• Sugar• Tea & Coffee• Honey• Fruits Preservers & Herbs

Organic

•Soap•Shampoo•Hair Oil / Pure Oil•Moisturisers•Body Scrub•Face Pack•Hair Conditioner•Special Skin Care Products.

Body Care

WIDTH

DEPTH

Product Mix

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Unique Business Strategy……• Inclusive Business• Creating jobs in the rural sector• Supporting & Educating the weavers/Artisans• Community Owned Companies ( COC Model)• Turning weavers and artisans into

shareholders

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Supply Chain Fabindia Manages a Direct Effective SRC with more than 40000

Weavers & Artisans

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S-T-P

Seg

me

nt

•Textile•Indian Traditional & western Outfits•Non – Textile •Organic Food•Furnishing•Body care Products

Target

•All age Group•Urban Cities•( higher Middle Class Group)•Up Market Locations

Positio

ning

•Medium Priced for Affordable for Upper Middle Class•Customer Friendly employees•No pressurizing on sales

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Marketing MixPLACE

PRODUCT

PRICE

Competitive PricingAffordable by all

PROMOTION

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Retail Strategy Store Décor

Store Decor – Clearly highlights the natural organic theme

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Growth of FabindiaYear 2012 2013 2014

Revenue (in Cr.) 484 542 604.5

Profit (in Cr.) 40 43 54.4

No. of Branches 148 158 175

As on 2015 :

Fabindia has 187 retail stores across India, 2 stores in Singapore and 1 store each in Bhutan, Dubai, Italy, Nepal, Malaysia and Mauritius.

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Challenges Ahead for Fabindia• Quality Assurance & Delay in Orders• Increasing Labor cost• Low price fake handlooms• Spiraling real estates price• Facing competition• Infusion of Funding• Teen Spirit

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Implementation• Educating Customers• Closely working with Artisans• Introduction of Shareholding • Focusing in Tier II cities• Online shopping• Make brand visibility

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Thank You

Haresh Gala 16Jiten Joshi 21Shruthi Kunder 23Roopesh Nulke 33Vishal Sangani 40Milind sawant 44