The Black Box Theorists-iim bad Mom Me - Mahindra Retail - Arpit Shah v5

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Mom & Me Mahindra Retail The Black Box Theorists Mom & Me Mahindra Retail Campus Champions – Indian Institute of Management, Ahmedabad Final Round Presentation to GMB Members 24 th November 2009, Mumbai

Transcript of The Black Box Theorists-iim bad Mom Me - Mahindra Retail - Arpit Shah v5

Page 1: The Black Box Theorists-iim bad Mom Me - Mahindra Retail - Arpit Shah v5

Mom & Me – Mahindra Retail

The Black Box Theorists

Mom & Me – Mahindra Retail

Campus Champions –

Indian Institute of Management, Ahmedabad

Final Round Presentation to GMB Members

24th November 2009, Mumbai

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Currently MoM n Me is positioned as a

one stop shop for mother and child…

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…which may not be sufficient in

certain locations

Ahmedabad Pune

Req

uire

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nual

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siz

eConcerns

Bangalore

Delhi

Mumbai

Average Annual Customer spend

Req

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City Ahmedabad Bangalore Delhi Mumbai Pune

Required Customer spend 25400 4800 11400 6000 21694

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Store Size and

LocationLocation

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Customer Value Big Store Small Store

Assortment (Variety)

Time taken for purchase

in store

Conveyance time to store

We should go for big stores in each city,

with 1-2 stores per city

Not Critical in this format

In store experience

Destination Store

Brand Awareness

…as the overall experience and assortment are more important in our format

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Stand-alone should be preferred in

place of malls

�Destination Store

�Low Rentals�Low Rentals

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Improving Instore

ExperienceExperience

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The Rubber Band Theory for store

format

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…the Rubber Band Theory contd.

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Discouraging Risky Practices

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Instore Experience -The missing piece

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The piece that completes the puzzle

Baby Food Cafes

New Brand Trials

Ready to serve Foods

Few Adult Snacks

And Drinks

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Increasing Margins

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Mother’s Apparel

Kids Apparel

Kids Footwear

Brand vs Private Label Strategy

Mother’s Wellness

Baby’s Wellness

Toys and Games

Travel and Safety

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Footfalls

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Online Opportunities

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Online Sales will not reach 100 cr

Rs. 10000/sqft/annum X 70,000 sqft =

70 Crores (Optimistic projections)

Product Compatibility

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Targeted Advertising is Frugal Advertising

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Targeted Advertising is Frugal Advertising

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Website – The loudest mouth

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Death of Brand Pages = Death of the Brand

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Death of Brand Pages = Death of the Brand

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What your competitors have and you do not:

Forums and Blogs

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Technology for Online footfall wars

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Store StaffStore Staff

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Profile of store staff to provide unique

customer experience…..

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Adjacent Opportunities

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Private Lines

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Distributors for International Brands

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Tie up with Indian Brands

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Target segment Overlap – Sec A, A1

Perfumes Perfumes

- Highest sales/sq ft

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World’s biggest brands – Not available in

India

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Baby Room Solutions Services –If you didn’t know, we currently sell every single piece in this picture separately.

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Areas of Concern – Ahmedabad, Pune

Big Stores – 1 to 2 per city

In-store ExperienceIncreasing Margins

Private Labels Footfalls

E-commerce difficult

Online MarketingStore StaffAdjacent Opportunities

Pune

Stand Alone Stores, not in mallsEvangelism

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For those parents who see an astronaut

in their little kid….

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Thank You!

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AppendixAppendix

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There are two broad strategies for Revenue

Expansion

Sh

are

of

wal

let

Broaden Target

Incr

ease

S

ervi

ce

Offe

rings

• Increase repeat clientele

• Improve instore experience

•Additional Services

• Beauty Salon

• Masseurs

Customer Base

Broaden TargetMarket

• Young upwardly mobile career women

• Women’s apparel

• Fashion accessories

•Young teens

• Toys

• Chocolates

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Delayed Differentiation can reduce Costs

in the Travel and Safety Category

Customer

ImportReorder

Quality VarietyDelayed Differentiation

Customer

Import

Quality andVariety Reorder

Europe India

Current Sourcing Strategy

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Category and Merchandising Strategy

Category Roles

Preferred

• Mothercare Products

• Mattel products

Destination

• Imported Strollers

•International Branded

•Maternity Wear

•Kids Play area

Category Roles

Seasonal

• Winter wear

• Rainy season wear

Convenience

• Cerelac

• Baby oil

• Baby Cream

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...attracting and retaining the right talent

G o i n g u p t h e l a d d e r

A u t o m a t i n g m u n d a n e j o b s

C o m p e n s a t i o n