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This document provides a term paper analyzing Vishal Mega Mart, an Indian retail company. It includes an introduction to the retail industry in India and organized retail trends. It then discusses the objectives of the study, which are to understand the status of Vishal Mega Mart and identify customer needs, perceptions, and shopping preferences. The paper is divided into chapters covering the company profile of Vishal Mega Mart, its products, competitors, data analysis, findings and recommendations.
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ANALYSIS OF COMPANY, PRODUCTS AND COMPETITORS OF VISHAL MEGA MART
This document provides a term paper analyzing Vishal Mega Mart, an Indian retail company. It includes an introduction to the retail industry in India and organized retail trends. It then discusses the objectives of the study, which are to understand the status of Vishal Mega Mart and identify customer needs, perceptions, and shopping preferences. The paper is divided into chapters covering the company profile of Vishal Mega Mart, its products, competitors, data analysis, findings and recommendations.
This document provides a term paper analyzing Vishal Mega Mart, an Indian retail company. It includes an introduction to the retail industry in India and organized retail trends. It then discusses the objectives of the study, which are to understand the status of Vishal Mega Mart and identify customer needs, perceptions, and shopping preferences. The paper is divided into chapters covering the company profile of Vishal Mega Mart, its products, competitors, data analysis, findings and recommendations.
Submitted by : Arthesh Bansal B.Com(H) Sem III A7004612038
Under guidance of: Dr.Azra Ishrat (Lecturer) ABS, Lucknow
(TERM PAPER IN PARTIAL FULFILLMENT OF THE AWARD OF FULL TIME IN BACHELORS OF COMMERCE(2011-14)).
AMITY BUSINESS SCHOOL AMITY UNIVERSITY UTTAR PRADESH
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STUDENTS CERTIFICATE
Certified that this report is prepared based on the term paper project undertaken by me on ANALYSIS OF COMPANY, PRODUCTS AND COMPETITORS OF VISHAL MEGA MART , under the able guidance of Dr.Azra Ishrat in partial fulfillment of the requirement for award of degree of B.Com (H) from Amity University,Uttar Pradesh.
Date
Arthesh Bansal Dr. Azra Ishrat Prof.V. P. Sahi Student Lecturer Director (ABS)
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FACULTY CERTIFICATE
Forwarded here with a term paper report on An Analysis Of Company, Products And Competitors Of Vishal Mega Mart submitted by Arthesh Bansal Enrollment No. A7004612038, student of B.Com(H) Sem III (2012-15). This project work is partial fulfillment of the requirement for the degree of B.Com(H)from Amity University Lucknow Campus, Uttar Pradesh.
I would like to take this opportunity to express my deep gratitude to all those who, directly or indirectly made this project possible. First of all, In the name of God, the most beneficent and merciful I have got considerable help and support in making this project report a reality from many people specially my friend Mr.Ashutosh Nigam. I would also like to thank my faculty guide Mr.Azra Ishrat whose endeavor for perfection, under fatigable zeal, innovation and dynamism contributed in a big way in completing this project. This work is the reflection of her thought, ideas, concept and above all her modest effort. It give me immense pleasure to thank all those who had helped me directly or indirectly to complete this project report.
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CONTENTS
1. Acknowledgement 2. Preface 3. Index 4. Executive Summary 5. Introduction 6. Objective 7. Profile of Competitors 8. SWOT Analysis 9. Research Methodology 10. Conclusion 11. Suggestion 12. Bibliography
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EXECUTIVE SUMMARY
In the light of the above said factors and discussions, the study on The analysis of company, products & competitors of Vishal Mega Mart schemes into six chapters. 1) The first chapter states the history of retail sector in India, how organized retail is helping in building the economy of the country, the different trends which are present in the retail sector and how organized retail sector and how organized retail is increasing the job opportunities in the country. It also includes the challenges which are faced by the organized retail industry, what is its scope and at what pace will it grow, and who are the top employers of Indian organized retail. 2) The second chapter gives in brief the profile of Vishal Mega Mart Limited. 3) The third chapter talks about products Vishal Mega Mart in brief. 4) The fourth chapter gives in brief the profile of competitors of Vishal Mega Mart. 5) The fifth chapter, indicates the analysis and discussions, shows the analysis of data through diagram which are collected through questionnaires. 6) The sixth chapter, talks about the findings, recommendations and Conclusion, scrutinizes the working of the sector through the study in twoOrganizations this chapter evaluates the entire study and proposes an agenda in the form of suggestions and recommendation to organization, managers and employees. 7
CHAPTER I INTRODUCTION TO RETAIL INDUSTRY
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RETAIL INDUSTRY AN OVERVIEW
Over the last few years, retail has become one of the fastest growing sectors in the Indian economy. Organized retail in India is on an inflection point and is expected to grow by around 25 % p.a. in next 5-6 years. The sector is witnessing an influx of large domestic conglomerates such as Reliance Group, Bharti Group, Future Group, AV Birla Group and international conglomerates such as Wal-Mart, Marks & Spencer etc., who want to tap the retail opportunity in as back-end operations of the industry, for instance Reliance Industry has announced Rs.25,000 crore investments into retail foray out of which about 35-40% will be spent in the rural retail mainly dealing with logistics supporting urban retail, but to reach the penetration of about 10% by 2014 the amount of investment required would be 52 billion according to KSA Technopak report. Size 2004 (Rs. Bn) 2014 (Rs. Bn) Estimated size of retail in India 9300 14000 Share of organized retail(%) in India 3 10-12 Size of organized retail in India 280 1400-1500 Table No. 1 KSA Technopak Report
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WHAT IS RETAILING?
Retailing consists of all activities involved in selling goods and services to consumers for their personal, family, or household use. It covers sales of goods ranging from automobiles to apparel and food products, and services ranging from hair cutting to air travel and computer education. Sale of goods to intermediaries who resell to retailers or sale to manufactures is not considered a retail activity. The distribution of consumer products begins with the producer and ends at the ultimate consumer between the producer and the consumer there is a middleman-the retailer, who links the producer and the ultimate consumers. Retiling is defined as a conclusive set of activities or steps used to sell a product or a service to consumers for their personal or family use. It is responsible for matching individual demands of the consumer with the supply of all the manufacturers. The word retail is derived from the French word retailer, meaning to cut a piece off or to break bulk. The definition of retail can be described as the act of selling of goods and merchandise from a fixed location. In other words retailing is a distribution channel from where the retailers buy products from certain manufacturers and then sell it directly to consumers.
CHAIN OF INDIAN ORGANIZED RETAIL
Indian organized retail market is growing at a fast pace due to the boom in the India retail industry. In 2005, the retail industry in India amounted to Rs 10,000 billion accounting for about 10% to the countrys GDP. The organized retail market in India out of this total 10
market accounted for Rs 350 billion which is about 3.5% of the total revenues. Retail market in Indian organized sector is expected to cross Rs 1,000 billion by 2014. Traditionally the retail industry in India was largely unorganized, comprising of drug stores, medium and small grocery stores, most of the organized retailing in India has started recently and is concentrating mainly in metropolitan cities. The growth in the Indian organized retail market is mainly due to the change in the consumers behavior. The change has come in the consumer due to increased income, changing lifestyle, and pattern of demography which are favorable. Now the consumer wants to shop at a place where he can get food, entertainment, and shopping all under one roof. This has given organized sector in India is growing can be seen from the fact that 1,500 supermarkets, 325 departmental stores, 300 new malls are being built, many Indian companies are entering the Indian retail market which is giving Indian organized retail market a boost. One such company is the Reliance Industries Limited. It is planning to invest US $ 6 billion in the Indian retail market by opening 1,000 hypermarkets and 1,500 supermarkets. Pantaloons is another Indian company which plans to increase its retail space to 30 million sq. ft. with an investment of US $ 1 billion. Bharti Telecoms, an Indian company is in talk with Tosco a global giant for a 750 million joint venture. A number of global retail giants such as Wal-Mart, Carrefour, and Metro AG are also planning to set up shop in India. Indian organized retail market will definitely grow as a result of all these investments. Indian organized retail market is increasing and to continue this growth, the Indian retailers as well as government must make a combined effort.
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OBJECTIVES OF THE STUDY
The main objectives of this research are :- To find the actual status of the company. To identify the need and desire of consumer taste. To study about the perception of customers with reference to availability of products and services in Vishal Mega Mart. To study about customer preferences and frequency of shopping. To understand about customer preferences and frequency of shopping. Finally to recommend what changes the retailer should do in his marketing strategy.
NEED FOR THE STUDY
To study the fast progress of retail sector, it is very necessary to study about the company and its competitors in the retail sector. By this research any one can find the growth pattern of the organization. Vishal Mega Mart is an important company in the retail sector. The company provides services to its customers through different types of products. Thus, for giving adequate services to its customer, it requires to continuously upgrade in terms of products and services.
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CHAPTER II ORGANISATIONAL PROFILE OF VISHAL MEGA MART
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Vishal Retail Ltd., a leading player in the Indian retail industry, is a pioneer in discount retailing and is focused on tier 2 and tier 3 cities in the country.It has a strong presence in manufacturing and retailing of readymade garments (apparels); retailing of non-apparels and a large variety of FMCG products. The company has pan-India presence with 108 mid-sized hypermarket format stores as on April 28, 2008 covering about 2.3mn sq. ft. retail space area. Vishal is supported by strong manufacturing set up in Gurgaon, Dehradun and manesar with a capacity of 5000 garment pieces per day in each unit. It also has 28 ware houses unit located in 8 key cities in India covering over 1.1 mn sq. ft. area Vishal started as a humble one store enterprise in 1986 in Kolkata (erst-While, Calcutta) is today a conglomerate encompassing 117 showrooms in 75 cities/ 20 states. Indias first hypermarket has also been opened for the Indian consumer by Vishal. Situated in the national capital Delhi this store boasts of the single largest collection of goods and commodities under one roof in India. The group has the turnover of Rs.1463.12 million for fiscal 2005, under the dynamic leadership of Mr. Ram Chandra Agarwal. The group had of turnover Rs.2884.43millions for fiscal 2006 and Rs.6206.58 for fiscal 2007. The group has prime focus is on retailing. The Vishal stores offer affordable family fashion prices to suit every pocket.
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COMPANY BACKGROUND Vishal retail was incorporated on July 23, 2001 as Vishal Retail Private Limited as on readymade apparels in Kolkata in 2001. The company has acquired the business of M/S Vishal Garments in 2001. In 2003, the company has acquired the manufacturing facilities from Vishal Fashion Private Limited and M/S Vishal Apparels. Vishal is one of the fastest growing retailing groups in India. Its outlets cater to almost all price ranges. The showrooms have over 70000 products range which fulfills all needs (households) and can be catered under one roof. It is covering about 2059292 lac sq. ft. in 18 states across India. Each store gives you international quality goods and prices hard to match. The cost benefits that are derived from the large central purchase of goods & services are passed on to the consumer. INVESTMENT RATIONAL Vishal retail sells readymade apparels (including its own brands) and wide range of household merchandise and other consumer goods such as footwear, toy, watches, toiletries, grocery, gift and novelties. 1. Vishal is value Retail Company catering to middle and lower middle income groups. 2. As apparel segment contributes 63percent; it has plans to focus more on FMCG. 3. Efficient logistics and distribution system along with customized product mix at stores depending on the regional customer behavior and preferences. 4. Plan of penetrating deeper into tier 1 and tier 2 cities to bank upon early mover advantage, where organized retail is yet to make a significant mark, Which will help establish and build customer loyalty prior to other players. Higher marging of around 5-6% sales in FY07. 15
FUTURE PROSPECTIVES Vishal Retail Ltd. has declared that the company will open forty new stores by 2013 in tier 2 and tier 3 cities by 2013 starting with 13 stores in 2011. These would come up at an overall investment of about Rs.80crore.
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PRODUCTS OFFERED BY VISHAL MEGAMART HOME FURNISHING :- SPORTS AND FITNESS :- Drawing Room Bedroom Door Mat Bed sheet Carpet Pillows Curtains Pillow cover Kitchen Bathroom Apron Bath Mats
FOOD MART :- TELEMART:- Food &Beverages
FOOTWEAR:- BOYS GIRLS Shoes Slippers Sandals Sandals LADIES MENS Shoes Shoes Slippers Slippers
INDOOR GAMES OUTDOOR GAMES Basket ball Cricket Bat T.T Bat Foot Ball Boxing Kit Lawn Tennis Swimming Costumes Tennis Basket Water Ball Tennis Ball Mobile Accessories Mobile Batteries Mobile Charger Mobile Dori Communication (Mobile) 17
LADIESACCESSORIES:- UPPER LOWER GARMENTS ACCESSORIES Kurta Pant Jeans Hot pant Bed Sheet Skirt Top Capri Baba Suit Socks Ethnic Winter Wear Frock Under Garment
INFANTS:-
KIDS BOYS:- LOWER WINTER WEAR SETS Jeans Suit Night Suit SAREES PERSONAL ITEMS Fancy (SRF) Cap (LAC) Synthesis Socks (LAS) JWELLERY COSMETIC Necklace Lip gloss Ring Nail Polish WINTER WEAR Sweater Pull over 18
Bremudas Blazer Baba Suit Dungries Jacket
KIDS GIRLS:- LOWER SETS UPPER ETHNICS Hot pants Night suits Top (GWT) Sharara Skirt Capri Set Frock (GWK Lancha
TRAVEL ACCESSORIES:- PORTFOLIO BAGS POUCH & CASES LUGGAGES Shoulder Bags Waist Pouch Suitcase Executive Bag Vanity Cases School Bags
HOUSEHOLD:- ACRYLIC COPPER STEEL Dinner Set Mug Cake Server HOME-AIDS PRESSURE COOKER NON-STICK Floor Wiper Cooker Handi UPPER ETHINIC Shirt Formal KurtaPyjama 19
Sanitary Brush Pressure Pan DosaTawa GENERAL PLASTIC GOODS ELECTRICAL APPLIANCE BONE CHINA Coffee Mug Chopper Soup Set Bucket Oven Dessert set GLASS WARE THERMO WARE PORCELAIN Cup Tiffin Cup& Saucer Lemon Set Container
LIFESTYLE:- TIME ZONE OPTICLES GIFTS AND NOVELTIES Ladies Watch Wrist Ladies Glass Sun Flower Vase Men Watch Wrist Mens Sun Glass Key Chain
BOARD GAMES INFANT TOYS VIDEO GAMES Wooden Blocks Teether T.V Video Games Puzzles Swing Hand Video Game
STATIONARY:- SCHOOL OFFICE PAPER MART Exam Board Office File Diary Clay Punching Machine File
PARTY STUFF Balloons Ribbons
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COMPETITORS OF VISHAL MEGA MART
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1. BIG BAZAR:- Type Subsidiary of Panataloons group Founded 2001 Head-Quarter Mumbai, India Industry Retail Parent Pantaloon Group Owner Kishore Biyani Slogan Is se sasta aur accha kahin nahin
Big Bazar is a chain of shopping malls in India currently with 29 outlets owned by the pantaloons Group. It works on same economy model as Wal-Mart and has had considerable success in many Indian cities and small towns. The idea was pioneered by Entrepreneur Kishore Binayi, the head of pantaloons Retail India Ltd. Company Profile of Big Bazaar:- Pantaloon Retail (India) Limited, is Indias leading retail company with presence across multiple lines of businesses. The company owns and manages multiple retail formats that cater to a wide cross section of the Indian society and is able to capture almost the entire consumption basket of the Indian consumer. Headquarters in Mumbai, the company operates through millions square feet of etail space has over 140 stores across 32 cities in India and employs over 14000 people. The company registers a turnover of Rs 2019 crore for FY 2001-2006. 23
Pantaloon Retail forayed in to modern retail in 1997 with the launching of Fashion retail chain, Pantaloons in Kolkata. In 2001, it launched Big Bazaars, a hypermarket chain that combines the look and the feel of India Bazaars, with aspects of modern retail, like choice convenience and hygiene. This was followed by Big Bazaar, Food Bazaar, food and grocery chain and launch Central , a first of its kind seamless mall located in the heart of its major Indian cities. Some of its other formats include collection-i (home improvement products), E- zone (consumer electronics), Depot (books, music, gifts and stationary), all (fashion apparel for plus size individuals) shoe factory (footwear) and Blue sky (fashion accessories). It has recently launched its staling venture. The groups subsidiary companies include , home solutions Retail India Ltd., Pantaloons Industries Ltd, Galaxy entertainment and Indus league clothing. The group also has joint venture companies with anumber of partners including French retailer Etam group, Lee Cooper, Manipal health care, Tawalkars Ginni & Jony and Liberty Shoes, Planet retail, a group company owns the franchisee of international brands like Marks &Spencer, Debenhams, Next and Gues in India. SALES PROMOTION STRATEGIES BY BIG BAZAAR:- The greater opportunity for new business is always the existing customer base. Big bazaar totally focuses on this policy. They use creative and innovative customer communication which is more likely to be remembered. They use most effective planned approach to customer communication. As customer like to be appreciated, its human nature, they look carefully at how they can motivate their customers and build their trust on themselves.
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PRODUCT RANGE OF BIG BAZAAR:- 1. Apparel and Accessories for men, women and children 2. Baby Accessories 3. Cosmetics 4. Crockery 5. Dress materials suiting and shirting 6. Electrical Accessories 7. Electronics 8. Footwear Toys 9. Home Textiles 10. Home Needs 11. House hold Plastics 12. House hold appliances 13. Hardware 14. Home dcor luggage 15. Linens 16. Sarees 17. Stationary 18. Utensils & Utilities
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2. SHOPPERS STOP :- The Foundation of shoppers stop was laid on October 27, 1991 by the K. Raheja corporation group of companies. Being amongst Indias biggest hospitality and real estate players, the group crossed yet another milestone with its lifestyle venture-Shoppers Stop. From its inception, Shoppers Stop has progressed from being a single brand to becoming a fashion & lifestyle store. Today, Shoppers Stop is a house hold name, known for its superior quality products, services and for providing a complete shopping experience. With an immense amount of expertise and credibility, shoppers stop has become the highest benchmark for the Indian retail industry. BRAND DIRECTORY OF SHOPPERS STOP:- WOMEN MEN WOMEN Austin reed Alizadonatein Van Heusen Exposey Arrow Black Berrys Louis Philippe Allen solly Indigo Nation Free look S cullers Wills sport Zodiac Weekender Excalibur Union bay Allen solly One Black Berrys Indian Earth Shapes Life Triumph Enamor Vanity Fair 26
Easies Tangle Park Avenue Upper Class VF Vibe Stop Kraus Satya Paul Biba Givo Ishvarah Theme Indi Feel Giovanni Urban trio Life Affairs Fried Water Rang Mufti Kashish Tuscan Verve Haute curry Weekender Sanna Tantra Raviver Spyker Rockys jeans
KIDS Stop Little kangaroo Disney babies Kids studio Winnie the pooh Zero 27
Value M Frills and Flowers Weekender Gini&johny Lee youth Free look Pepe
3. GLOBUS RETAIL:- The company is strong, competitive, innovative, and adaptive launched in January 1998. It is a part of RajanRaheja Group. The company opened its first store in Chennai in 1999 followed by the launch of its second store at Indore. Soon to follow was another in Chennai located in Adyar. The flagship store in Mumbai was opened on 1 st November 2001 followed by a swanky new outlet in New Delhi in South Extension Part-2. The Sixth and the seventh stores are in Bangalore in Kormangla& Richmond Road respectively. The eighth store in Ghaziabad at Shipra mall followed by ninth, tenth and eleventh in Kalagnoda, Mumbai, Thane and Ghazibad, twelth store at Kanpur and thirteen store at Ahmadabad and fourteenth store at Lucknow . As of May 2008, the Globus has opened its 24 th store in Nagpur and the journey countries.
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MISSION:- Achieve customer delight by offering quality products and services through a process of continuous innovation and adaption. Build a dynamic team of committed and passionate employees through sustained learning & grooming. Develop mutually beneficial relationships with other business partners. Employ cost effective processes. INFRASTRUCTURE:- Globus Stores Pvt. Ltd. Was formed to contribute in the revolution sweeping the retail industry. Globus promises to bring about a perceptible change in the way Apparel and lifestyle retailing has been carried so far. Toward the end, modern international technology has been brought in and heavy investments have been made in investing and acquiring the best, tried and tested processes and procedures of operation. Research and Design Production and Merchandising Marketing and Brand Development Service Human Resources FUTURE:- Globus combines state of art international information technology, the highest quality human resources and sustained financial commitment to realize the long term vision. They are rapidly expanding and the target is to have an additional 100 fashion stores by end of 2014. 29
PRODUCT RANGES:- Dress materials Suiting & Shirting Electronics Equipments Footwear Toys Household Appliances Home Needs Goods House Plastics Hardware Home Dcor Luggage Linens Sarees Stationery
LIMITATIONS OF THE STUDY Through best efforts have been made to make the report fair, transparent, error free, there might be some inevitable and inherent limitations. Though I tried my level best to make this report most accurate, some of the limitations are as follows: This study is valid for Lucknow city only. Due to certain unavoidable reasons, it was not possible to cover each and every aspect such as promotional campaigns of companies, liking and disliking of customers etc. There were some biased responses. Some of the customers didnt provide full data. 30
SWOT ANALYSIS
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STRENGTHS:- It sells product at cheaper prices. Garment sector of Vishal Mega Mart is much superior to other Retail stores. It offers wide range of products under one roof. It provides good after sale service. It target market is the lower and middle income level groups, which constitute majority of the population in India.
WEAKNESS:- No brand awareness for the product. Need to incorporate many new features as per customer requirement. Need to include more varieties of same item. Need to provide more offers/ discounts on FMCG. OPPORTUNITIES:- Can increase customer satisfaction by providing different varieties of products. If it creates a brand image of itself, it will get additional sales in the future. THREATS:- Big Bazaar, Spencers Reliance and Globus are the main competitors. Increased competition in the domestic market.
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CHAPTER III RESEARCH METHODLOGY
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DETALS OF RESEARCH Method Used Survey Type of Survey Interview Instrument Used Questionnaire Sample Size 100 Data Used Primary Data & Secondary Data DATA COLLECTION:- Data collection is an important aspect of any type of research study. Inaccurate Data can impact the results of a study and ultimately lead to invalid results.
DATA COLLECTION METHOD:- PRIMARY DATA COLLECTION Questionnaire Observation Personal Interview SECONDARY DATA COLLECTION Different website Books
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Sampling Design Questionnaire administered to customers of two retail companies Sample size is taken as 100, 50 from each company. Sample units are Vishal Mega Mart and Big Bazaar, Lucknow.
Tools and techniques of Data Collection
Collected individually through questionnaire The sources obtained from questionnaire are summed up by percentile technique analysis. Inferences are drawn by quantitatively from the response percentage. Through observation some findings are made. Recommendations are made to improve the present policy and procedures.
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ANALYSIS
1. How people know about Vishal Mega Mart? a) TV b) Hoardings c) Newspaper d) Friends e) Net
RESULT:- The above graph shows most of the people know about Vishal Mega Mart through newspaper followed by TV and then hoardings.
TV Hoardings Newspaper Friends Net %age 25 20 35 10 10 0 5 10 15 20 25 30 35 40 A x i s
T i t l e
%age 36
2. How often people visit Vishal Mega Mart? a) Once in a week b) Twice in a week c) Once in a month d) Twice in a month e) Once in a year
RESULT:- The above graph shows that most of the people visit Vishal Mega Mart twice in a month followed by once in a week and month.
Once in a week Twice in a week Once in a month Twice in a month Once in a year %age 20 11 20 44 5 0 5 10 15 20 25 30 35 40 45 50 A x i s
T i t l e
%age 37
3. What people usually buy from Vishal Mega Mart? a) FMCG products b) Childcare products and toys c) Apparels d) Electronic goods e) All products
RESULT:- The above graph shows that most of the people buy apparels from Vishal Mega Mart followed by a combination of products specially FMCG products.
FMCG products Childcare products &Toys Apparels Electronic goods All products %age 22.5 10 30 10 27.5 0 5 10 15 20 25 30 35 A x i s
T i t l e
%age 38
4. Are they satisfied with the quality of products offered by Vishal Mega MART? a) Yes b) No c) Its OK
RESULT:- The above graph shows that about 60% people are satisfied with quality of products offered by Vishal Mega Mart.
57% 24% 19% %age Yes No It's OK 39
5. What excite people more for shopping at Vishal Mega Mart? a) Discount b) Buy one get one free c) Cash back d) Free gift e) If any other
RESULT:- The above graph shows that most of the people go to Vishal Mega Mart due to discounts offered by them.
Discount Buy one get one free Cash back Free gift %age 36 30 18 11 0 5 10 15 20 25 30 35 40 A x i s
T i t l e
%age 40
6. Do they enjoy discounts being provided here? a) Yes b) No
RESULT:- The above graph shows that most of the people enjoy discounts provided in Vishal Mega Mart.
80% 20% %age Yes No 41
7. Which section of store does people like the most? a) Food Mart b) Garments c) Household d) Kids e) Jewel Mart
RESULT:- The above graph shows that most of the people like food mart section of Vishal Mega Mart followed by Garments and kid setion.
Food Mart Garment Household Kids Jewel Mart %age 40 26 11 18 5 0 5 10 15 20 25 30 35 40 45 A x i s
T i t l e
%age 42
8. Are people satisfied with the customer services offered by Vishal Mega Mart? a) Good b) Average c) To an extent d) Need to be improved
RESULT:- The above graph shows that most of the people found customer services of Vishal Mega Mart only average and also it needs to be improved.
Good Average To an extent Need to be improved %age 20 42 13 30 0 5 10 15 20 25 30 35 40 45 A x i s
T i t l e
%age 43
9. How was peoples experience at Vishal Mega Mart? a) Very satisfactory b) Satisfactory c) Average d) Unsatisfactory e) Poor
RESULT:- The above graph shows that experience of most of the people at Vishal Mega Mart was only average and some find it satisfactory.
Very satisfactory Satisfactory average Unsatisfactory Poor %age 20 25 36 11 8 0 5 10 15 20 25 30 35 40 A x i s
T i t l e
%age 44
10. Do people want changes in Vishal Mega Mart? a) Yes b) No
RESULT:- The above graph shows that most of the people want changes in Vishal Mega Mart.
%age Yes No 45
11. What changes people want in Vishal Mega Mart? a) Better service b) Better packaging c) Better products d) Home delivery
RESULT:- The above graph shows that most of the people want better services in Vishal Mega Mart followed by better products.
Better services Better packaging Better product Home delivery %age 35 12.5 30 22.5 0 5 10 15 20 25 30 35 40 A x i s
T i t l e
%age 46
12. What people think about sales promotion strategy of Vishal Mega Mart? a) Best b) Good c) Average d) Not good
RESULT:- The above graph shows that most of the people found that sales promotion strategy of Vishal Mega Mart is average.
Best Good Average Not good %age 23 28 39 10 0 5 10 15 20 25 30 35 40 45 A x i s
T i t l e
%age 47
13. Apart from Vishal Mega Mart, where do people go for shopping for daily items? a) Big Bazaar b) Globus c) Shoppers stop d) Subiksha e) Local market
RESULT:- The above graph shows that for daily item people generally go to local market followed by Big Bazaar retail store except Vishal Mega Mart.
Big Bazaar Globus Shopper's stop subiksha Local market %age 22.5 7 8 2.5 60 0 10 20 30 40 50 60 70 A x i s
T i t l e
%age 48
14. What excite people for shopping in big bazaar? a) Discount b) Buy one get one free c) Cash back d) Free gift e) If any other
RESULT:- The above graph shows that people generally go to Big Bazaar for offers like buy one get one free.
Discount Buy one get one free Cash back Free gift If any other %age 30 36 11 18 5 0 5 10 15 20 25 30 35 40 A x i s
T i t l e
%age 49
15. What they usually buy from Big Bazaar? a) FMCG Products b) Childcare product & toys c) Apparels d) Electronic goods e) All products
RESULT:- The above graph shows that people usually go to Big Bazaar for FMCG products.
FMCG products Childcare products & toys Apparels Electronic goods All products %age 29.5 10 20.5 10 30 0 5 10 15 20 25 30 35 A x i s
T i t l e
%age 50
16. How is their shopping experience in Big Bazaar? a) Very satisfactory b) Satisfactory c) Average d) Unsatisfactory e) Poor
RESULT:- The above graph shows that people find their shopping experience in Big Bazaar satisfactory.
0 5 10 15 20 25 30 35 40 Very satisfactory Stisfactory Average Unsatisfactory Poor %age %age 51
CHAPTER IV FINDINGS, SUGGESTIONS & CONCLUSION 52
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SUGGESTIONS
The company should focus on its promotional campaigns for improving the brand awareness about the Vishal Mega Mart. Another issue about the Vishal Mega Mart is its compatibility with Big Bazaar, the biggest drawback about Vishal is that it only works on better quality products and no other option or platform can be used for its execution. The company should also emphasize on rendering good services to its customers. Awareness about Vishal Mega Mart is very low, which is very painful for the company and thus they should make their products and services more diffused to bind the customers. Cost is the major factor, its is true that the products are merely costlier than Big Bazaar it is so because the price of the Big Bazaar is very low for all class of people. Thus, the company should minimize the cost in such a way that it wont adversely affect the company revenue. First the company should introduce good promotional campaigns and provide attractive schemes to draw the customers attention and later it should look for higher profits and increased sales. 54
CONCLUSION
According to this report it has came to our knowledge that people are more influenced by product of Big Bazaar in Lucknow market. They prefer Big Bazaar products in comparison to Vishal Mega Mart. The main reason for customer being more familiar to Big Bazaar is lower cost of products and promotional discounts with addition to flourishing schemes which is not found in Vishal Mega Mart. Thus in a conclusion the company should go for heavy promotional marketing and diffusion of their brand in Lucknow. Rather going for traditional product, the company should go for change and modification of their products with addition to provide more of better services.
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BIBLOGRAPHY
BOOKS Kearney , A.T. (2007), Fuel Retaling in india, prentice Hall of India, New Delhi Personnel Management by C.B.Memoria. Human Resource Management by L.M.Prasad. Personnel Management by S.P.SubbaRao. Websites http://bloomberg.net www.ongcindia.com www.moneycontrol.com www.standardbusiness.com Article 1. Haider Ali, (2008), A crude reality in globalised world, The economic Times, New Delhi, July 16, p. 13 Published Reports: Annual Reports of Indian Oil Corporation