ON
PROMOTIONAL STRATEGY OF BIG BAZAAR
AND
“Comparative analysis Between ETHENIC Wear and CASUAL Wear”
This project is submitted for the partial fulfilment of PGDM degree in AIMA
Session:-(2017-2019)
UNDER THE GUIDANCE OF
FACULTY GUIDE EXTERNAL GUIDE
This is Subrat Sahu bearing Roll No: -B21720652 declare that the project report titled
PROMOTIONAL STRATEGY OF BIG BAZAAR AND “COMPARATIVE ANAYLISIS
BETWEEN ETHENIC WEAR AND CASUAL WEAR AT BIG BAZAAR JHARSUGUDA
“is the original work done by me and is submitted to UNITED SCHOOL OF BUISNESS
MANAGEMENT, Bhubaneswar in partial fulfilment of the requirement for the award of
PGDM degree.
With all humility I would like to express that I was very lucky to undergo dissertation
report at BIG BAZAAR. It was a golden opportunity for gaining practical experience
and self- development. I am Honoured to have so many wonderful people who helped
me insistently in several ways for the completion of this project.
CHAPTER 2
COMPANY PROFILE AND PROGRESS OF
BIG BAZAAR
CHAPTER 3
PROMOTIONAL STRATEGY OF BIG BAZAAR
BIG BAZAAR’S NEW MARKETING
STRATEGY
CHAPTER 4
APPAREL UNDER MEN SECTION
DETAILS OF CLOTHES
APPAREL UNDER WOMEN SECTION
DETAILS OF CLOTHES
CHAPTER 5
COMPARATIVE ANALYSIS
OBSERVATION AND FINDING
CHAPTER 6
CONCLUSION
SUGGESTIONS AND RECOMMEDATIONS
LIMITATION OF STUDY
BIBLOGRAPHY
CHAPTER-1
INTRODUCTION TO RETAIL
RETAIL MEANING
THE SUPPLY CHAIN
INDUSTRY STRUCTURE
RETAILING STRUCHURE
OBJECTIVE OF STUDY
Introduction
Retail consists of the sale of goods or merchandise from a fixed location, such as a
department store, boutique or kiosk, or by mail, in small or individual lots for direct
consumption by the purchaser. Retailing may include subordinated services, such as
delivery, purchasers may be individuals or businesses. In commerce, a “retailer” buys
goods or product in large quantities from manufacturers or importers either directly or
through a wholesaler, and then sells smaller quantities to the end-user, Retail
establishment are often called shops or stores. Retailers are at the end of the supply
chain. Manufacturing marketers see the process of retailing as a necessary part of their
overall distribution strategy. The term “retailer” is also applied where a service provider
services the needs of a large number of individuals, such as a public utility, like electric
power.
Shops may be on residential streets, shopping streets with few or no houses or in a
shopping mall. Shopping streets may be for pedestrians only.
Sometimes a shopping street has a partial or full roof to protect customers from
precipitation online retailing, a type of electronic commerce used for business-to-
consumer(B2C) transactions and mail order are forms of non-shop retailing.
Shopping generally refers to act of buying products. Sometimes this is done to obtain
necessities such as food and clothing; sometimes it is done as a recreational activity.
Recreational shopping often involves window shopping (just looking, not buying) and
browsing and does not always result in a purchase.
Retail Meaning
Retail involves the sale of goods from a single point (malls, markets, department stores,
etc.) directly to customer in small quantities for his end use. In a layman’s language,
retailing is nothing but transaction of goods between the seller and the end user as a
single unit (piece) or in small quantities to satisfy the needs of the individual and for his
direct consumption.
Example – Prashant wanted to purchase a mobile handset. He went to nearby store
and purchased one for himself.
In the above case, Prashant is a buyer who went to a fixed location (in this case the
nearby store) He purchased a mobile handset (quantity – one) to be sold to the end
users either directly from the manufacturers or through a wholesaler.
For example, the small specialty shop may have all of its employees under one
category called store operations. A large department store may have a complete
staff consisting of manager, assistant manager and sales associates for its
Sporting Goods department, Home and Garden, Bed and Bath, and each
additional department.
In order to define the store’s organization, start by specifying all task that need to
be performed. Then divide those responsibilities among various individuals or
channels. Group and classify each task into a job with a title and description.
The final step is to develop an organizational chart.
Retailing structure
The following is a brief outline of some of the divisions in a retail organization.
Owner/CEO or President
As the store grows and the retail business evolves, the dynamics of the
organization’s structure will change too. Therefore, it is paramount to redesign
the store’s organizational chart to support the decision – making, collaboration
and leadership capabilities that are essential during and after a growth period.
OBJECTIVE OF STUDY
To know the strategy adopted by Big Bazaar in the current retail marketing
environment.
To have a proper understanding and analysis of Big Bazaar.
To know the marketing strategies that Big Bazaar adopted to make good
relationship with customers.
To know the people perceptions towards Big Bazaar.
To compare the marketing strategy adopted by Big Bazaar.
To know consumer perception toward the Big Bazaar.
CHAPTER-2
COMPANY PROFILE
AND
PROGRESS OF BIG BAZAAR
BIG BAZAAR
BIG BAZAAR
Big bazaar is the largest hypermarket chain in India. Big bazaar was
launched in September 2001, with the opening of its first four stores in Kolkata, Indore,
Bangalore and Hyderabad in 22 days, currently there are 256 stores across 90 cities
and towns India covering around 16 million square foot of retail space. It was started by
Kishore Biyani Big Bazaar was launched mainly as a fashion format selling apparel,
cosmetics, accessories and general merchandise over the years the retail chain has
included in its portfolio a wide range of products and services ranging from grocery to
electronics.
Big Bazaar is popularly known as the ‘Indian Wal-Mart’ today most Big Bazaar
outlets are located in stand-alone buildings in city center as well as within shopping
malls. These stores have more than 200,000 stock keeping units (SKU) in a wide range
of categories led primarily by fashion and food products the retails space of their stores
in the metros range between 50,000 and 1,60,000 square foot.
According to Kishore Biyani’s 3-C theory change and confidence among the entire
population is leading to rise in consumption of through better employment and income
which in turn is creating value to the agricultural products across the country, Big
Bazaar has divided India into three segments: -
1. India’s one: - Consuming class which includes upper middle and lower middle
class (14% of India’s population).
2. India’s two: - Serving class which includes people like driver, household helps,
office peons, liftmen, watchmen. etc. (55% of India’s population).
3. India’s three: - Struggling class (remaining 31% of India’s population)
While Big Bazaar is targeted at the population across India one and India two
segments, Aadhaar Wholesale is aimed at reaching the population in India Three
segment. With this, Future Group emerged as a retail destination for consumers
across all classes in the Indian society.
Progress of Big Bazaar:-
2001
Three Big Bazaar stores launched within a span of 22 days in Kolkata,
Bangalore, Hyderabad.
2002
Big Bazaar - ICICI Bank card is launched.
Food Bazaar becomes part of Big Bazaar with the launch of the first store in
Mumbai at high street Phoenix.
2003
Big Bazaar enters Tier 2 cities with the launch of the store in Nagpur.
Big Bazaar welcomes its 10 million customer at its new store in Gurgaon.
2004
Big Bazaar wins its first award and national recognition. Big Bazaar and food
bazaar awarded the country’s most admired retailer award in value retailing
and food retailing segment at the India Retail forum.
A day before Diwali, store at lower parel becomes the first to touch RS 10
million turnover on a single day.
2005
Initiates the implementation of SAP and pilots a RFID projects at its central
ware house in Tarapur.
Launches a unique shopping program the big bazaar Exchange offer, inviting
customers to exchange household junk at Big Bazaar.
Electronic bazaar and furniture bazaar are launched.
Big Bazaar and ICICI Bank – Big Bazaar Gold credit card program to reward
its loyal customers.
2006
Mohan Jadhav sets a national record at Big Bazaar Sangli with a Rs 1,37,367
shopping bill. The Sangli farmer becomes Big Bazaar’s largest ever customer.
Big Bazaar launches Shakti, India’s first credit card program tailored for
housewives.
Navras – the jewellery store launched within Big Bazaar stores.
2007
The 50th Big Bazaar stores is launched in Kanpur.
Big Bazaar partner with futurebazaar.com to launch India’s most popular
shopping portal.
Big Bazaar initiates the “power of one campaign to help raise funds for the
“save the children India Fund “.
Pantaloons retail wins the international retailer of the year at USA based
national retail federation convention in New York and emerging retailer of the
year award at the world retail congress held in Barcelona
2008
Big Bazaar the fastest growing hypermarket format in the world with launch of
its 101st store within 7yr of its launch.
Big Bazaar dons a new look with a fresh new section, Fashion at Big Bazaar.
Big Bazaar joins the league of India’s business super brands. It is voted among
the top ten service brands in the country, in the latest pitch IMRB international
survey.
Big Bazaar initiated the Mega Saving “Monthly Bachat Bazaar” campaign to
provide exceptional deals on groceries and food items during the first week of
every month.
2009
Big Bazaar opens its second store in Assam at Tinsukia.
Big Bazaar initiates Maha - Annantarpane program at its stores in south India
a unique initiative to offer meals to visitors and support local social organization.
Big Bazaar captures almost one third share in food and grocery products sold
through modern retails in India.
Mahendra Singh Dhoni and Asin, youth icon of India, were chosen as brand
ambassador of Big Bazaar.
Big Bazaar announced the launch of “The Great Exchange Offer”.
Formed a joint venture with Hidesign to launch Holi, a new brand of handbags,
laptop bags and other accessories.
2010
Future Value Retail Limited is formed as a specialized subsidiary to spearhead
the groups value retail business through Big Bazaar and other formats.
Big Bazaar wins CNBC Awaaz Consumer Award for the third consecutive year
Adjudged the Most Preferred Multi Brand Food & Beverage Chain, Most
Preferred Multi Brand Retail Outlet and Most Preferred Multi Brand One Stop
Shop.
Big Bazaar connects over 30,000 small and medium Indian manufacturer and
entrepreneurs with around 200 million customers visiting its stores.
Big Bazaar opens its third store in Kanpur at Z square mall.
Big Bazaar opens its fourth store in Kanpur at jajmau which is the largest
leather tannery garrison of Asia.
Actress Vidya Balan was chosen as the brand ambassador of Big Bazaar’s
price challenge exercise.
Big Bazaar ranked 6th among the Top 50 Service in India.
2011
Big Bazaar forays into the rural wholesale and distribution business through
‘Aadhaar’ wholesale store at Kalol, Gujrat.
Big Bazaar has come up with a new logo with new tag line ‘Naye India Ka
Bazaar’.
200th store open in India.
Future Group has launched its latest venture food hall – a premium food
destination across 10 Metros in India.
For the Convenience of the online customer, Big Bazaar has started free
shipping on all orders above Rs 1000.
Big Bazaar entered into an agreement with Hindustan Unilever to co-develop
and co-brand bakery products which would be sold exclusively on Big Bazaar
stores.
2012
Big Bazaar entered into a five year Multi-Million Dollar deal with Cognizant
Technology Solution for IT Infrastructure services that support future groups
network of stores, Ware house, Office and data centers.
Partnered with Disney to launch “Kidz Cookies” exclusively for kids across India
Big Bazaar is planning to add further value to its retail services by offering value
added services like grinding, deseeding, vegetable cutting at free of cost.
2013
Big Bazaar introduced an exciting occasion for shopping ‘April Utsav’.
Big Bazaar introduced a unique customer membership program ‘Big Bazaar
Profit Club’.
2014
Big Bazaar and Ezone are voted as one of the top 50 most trusted brand in the
country in the Brand Equity Survey 2013 conducted by Nielson the survey
brand of the country.
A New Generation Big Bazaar, Big Bazaar Family Center was launched at
alcove in Kolkata on January 6,2014.
2015
Fbb became style partner of Asia’s Largest Music Festival ‘SUN BURN’.
Big Bazaar redefines weekends with launched of a never seen before
Campaign ‘Crazy Weekend’.
Big Bazaar announced on exclusive tie up with leading mobile wallet company
Mobi Kwik.
Big Bazaar & Ezone made to the Brand Equity’s Top Retailers list.
First Big Bazaar GEN NXT Store designed for smart and easy shopping
experience opened in infinity mall Malad, Mumbai.
2016
Fbb created Guinness World Record for the World’s largest photobook of 18
feet height and 27 feet width.
2017
Central and SBI Launched a unique Co-Branded credit card designed for the
aspirational urban shopper.
2018
Big Bazaar organized one of the world’s first 24hr of Facebook live shopping
Carnival to celebrate the 12th anniversary of ‘Sabse Ache Din’.
Big Bazaar for the first time ever created a mobile game ‘Deal Skyfall – Sabse
Saste Din that has transformed the shopping experience in India.
Fbb launched ‘Watch Now Buy Now’ India’s first ever online fashion event
Big Bazaar Dropped prices of 1500 Everyday, items with the Har Din Lowest
Price promise.
CHAPTER -3
PROMOTIONAL STRATEGY
OF
BIG BAZAAR
Promotional strategy of big bazaar
1. Wednesday Bazaar: - Big Bazaar introduced the Wednesday bazaar
concept and promoted it as “Hafte Ka Sabse Sasta Din”. It was mainly to
draw customer to the stores on Wednesday, when least number of
customers are observed. According to the chain, the aim of the concept is
“to give homemakers the power to save the most and even the stores in the
city don a fresh look to make customer feel that it is their day”.
3. Maha Bachat:- Maha Bachat was started off in 2006 as a single day
campaign with attractive promotional offers across all Big Bazaar stores.
Over the years it has grown into a 6 days bi-annual campaign. It has
attractive offers in all its value formats such as Big Bazaar, Food Bazaar,
Electronic Bazaar and Furniture Bazaar – catering to the entire needs of a
customer.
PROCESS: -
Big Bazaar places a lot of importance on the process right from the purchase to delivery
of goods. When customers enter the stores they can add the products they which to
purchase in their in their trolley from the racks. There are multiple counters where bill
can be generated for purchase made. Big Bazaar also provides delivery of products
over purchase of Rs 1000.
Advertising: - The departmental store chain Big Bazaar has launched a commercial
sometime back to promote “The Great Exchange Offer”. The commercial portrays how
customers can exchange any old and broken items (junk) and get new products at a
discounted price from Big Bazaar.
The 30 seconds film unfolds through the eyes of a cabbie in a busy city street, he is
intrigued by the disruptive visual of a well-dressed office executive carrying a bundle of
old newspaper and walking through a crowed place. The cabby then notices a young
office going lady in western wear carrying a rusty bucket filled with broken utensils, the
cabbie is absolutely confounded but continues to follow her with a broken tyre in his
hand and some across another absurd situation of a highly placed executive in a
chauffeur driven car with a broken commode on the top of the car. penultimate situation
reveals everybody is healing towards Big Bazaar for the exchange offer; the cabbie
comes out of the store happy and excited after getting an amazing deal for his junk tyre.
moving images are interspersed with supers that hi- light the amazing prices a
consumer can get for junk. The sound track uses a typical kabada guy’s shout as he
walks through city street calling for junk.
The month of January and February is generally a low – key affair in terms of customer
footfalls and revenue generation. innovative, out of the box promotions is one of the
effective ways to draw customer attention and shore up the revenue. Historically
exchange schemes have been used to induce better sales, it also has a strong appeal
with the Indian mindset of getting value even for their junk, states an official release
from Big Bazaar.
An interesting person used to help advertise a product or services. Big Bazaar, has
roped in cricketer Mahendra Singh Dhoni as the brand ambassador for its new range of
fashion apparel. Dhoni would feature in a series of advertisements across all media.
Dhoni and Big Bazaar have a lot of synergies as the Indian one-day international team’s
captain stands for the aspiration of youths, while Big Bazaar is looked up to by millions
of Indians to fulfill their aspirations.
In this way, Big Bazaar make full use of the marketing mix for a new venture which
earlier belongs to the unorganized retail sectors, i.e., kirana stores. Application of the
best marketing practices helps Big Bazaar in a great way.
Special strategies: -
1. To minimize retailing cost.
2. Operating: - Fewer staff on the floor; one person for every 500 square foot.
3. Minimize the furniture cost.
4. Saving shelf space.
5. Way to deal unsold stock off.
6. “Today’s price”: - Everyday a chosen product is being sold at lower than usual
price.
CHAPTER 4
AND
DETAILS OF CLOTHES
Under The Apparel Section
Men’s Wear
Ethnic Section
Brand Satranj
(1) (2)
Kurta (ethnic wear)
(3) (4)
KURTA WITH WAIST COAT and Long kurta (Ethnic wear)
Casual Wear
Brand Buffalo
Liberty print slin fit linen shirt and Checkered slim fit shirt (Buffalo)
Checkered slim fit shirt (Buffalo)
Raglan sleeves club T-shirt and Solid pique polo T-shirt (spunk)
Solid woven track pant and Solid Shorts with pockets (spunk)
solid colour polo T-shirt and Solid crew neck T-shirt (champion)
FORMAL SHIRT PARTY WEAR SHIRT and FORMAL TROUSER (STUDIO NYX)
Brand Knighthood
1. Ethnic wear: -
2. Brand: Shatranj
1.Western wear: -
2. Brand: lee cooper, studio NYX, AFL, buffalo, champion, DJ&C, knighthood,
shatranj, spunk, umbro.
5. size: xs, s, m, l, xl, xl, xxl, 38, 39, 40, 42, 44.
6. Fabric: acrylic, blended, chambray, cotton, denim, linen, poly blend, poly
cotton, polyester, rayon, satin, terylene rayon, viscose, wool.
Chevron print kurta with placket and Tribal print denim top
(Ateesa)
Sea green printed suit set and Foil print lehenga set (navras)
Double layerd kurta & dupatta set and Embroidered anarkali suit set (ateesa)
Casual wear
Brand DJ&C
Printed Graphics T-shirt and Solid top with lapel collar (DJ&C)
Bengaline stretch jeggings with zipper, Floral print palazzos and faded jeans
(DJ&C)
Brand Lee Cooper
Graphic print T-shirt, Floral print dress with tie-up and Dipped hem
rayon dress (Lee Cooper)
Floral print top with pleats, Floral print off-shoulder top and
Yarn dyed shirt with Frills (Lee Cooper)
Faded jeans and Denim shorts (Lee Cooper)
Brand Spunk
COMPARATIVE ANALYSIS
Chart Title
50%
40%
30%
20%
10%
0%
18-28 28-38 38-48 48-58
Interpretation: Mostly the young people visit the store Compared to the other age group.
Chart Title
50%
40%
30%
20%
10%
0%
100000-200000 200000-300000 300000-500000 500000 and above
Interpretation: Mostly the income group of 300000-500000 visit the Big Bazaar followed
by income group of 200000-300000.
3. How often do you shop at Big Bazaar?
Chart Title
40%
30%
20%
10%
0%
Every week Once a month Every Wednesday Every Sunday
Chart Title
60%
50%
40%
30%
20%
10%
0%
Pantaloon Big Bazaar Viishal Mega Mart Citylife
Interpretation: Most of the customer visit Big Bazaar compared to other retail store.
5. What do you shop the most in the following store in Fashion?
Chart Title
70%
60%
50%
40%
30%
20%
10%
0%
Western Ethnic
Chart Title
60%
50%
40%
30%
20%
10%
0%
Quality Brand Store Layout Price
Interpretation: Most of the customer look out for brand compared to other
preference.
7. Which form of promotion do you think is most effective?
Chart Title
60%
50%
40%
30%
20%
10%
0%
T.V Newspaper Radio Poster
Interpretation: Most of the customer said T.V is the most effective way of
promotion compared to other means.
Chart Title
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Below 599 599-1199 1199-1699 Above 1699
Interpretation: Most of the customer like to shop in the range of (599-1199) as it is a
reasonable price range and most of the product at the store are available in this price
range compared to other.
9. Do you think that the service of discount offered Big Bazaar attracts you?
Chart Title
100%
80%
60%
40%
20%
0%
YES NO
Interpretation: 85% of the customer said that discount offers by Big Bazaar attract then
compared to other 15%.
10. Do you feel the goods offered at Big Bazaar are costlier as compared to other
malls?
Chart Title
80%
60%
40%
20%
0%
YES NO
Interpretation: 75% of the customer said price is high than other store but they said
adding to their opinion that the quality of the goods are up to the mark compared to
other 25% who said cost of product are as it should be.
Chart Title
50%
40%
30%
20%
10%
0%
Discount offers Coupons Free Gifts Credit card
Interpretation: Most of the customer said that they need discount offer and coupons for
future discount shopping compared to other who asked for free gifts and credit card
option.
CONCLUSION
In the research I found that Indian retail industry is very complicated in nature because
the taste and preferences of the customers vary a lot in nature. The customers are very
choosy in nature; they are not ready to compromise with their requirements. the
customer has lots of option related to their choices. there are many competitors in the
retail industry. So the sales and promotion activity of the company is the only tool to
attract the customers.
On the basis of different aspects of comparative analysis of both the Ethnic wear and
Casual wear it’s found that most of the customer shop for western wear in Big Bazaar
due to the availability of variety, ranges, brand, different age group products, as well as
latest fashion collection
LIMITATION OF DATA
The statistical data regarding the city was not available to me on secondary source data
and to generate such data on the primary source was a task, which cannot be achieved
in such a short time.
LIMITATION OF TIME
The limitation of time was another constraint in the study as the study had to be
conducted in few months therefore many aspects have been left unexplored. Locating
the target customers is very time consuming. Research period is not just much enough
to know fully about the price strategies & consumer’s perception about Big Bazaar.
Sample size is limited due to the limited period allocated for survey.
Getting accurate responses from the respondents due to their inherent problem
is difficult. They may be partial or refuse to cooperate.
Respondents may not be interested to give the data.
Sometime respondents are not taking interest in such type of surveys therefore
there is chance that they might be giving wrong information.
The respondents are free from all barriers so he/she can give his/her opinion
which may not be true in many occasions.
BIBLIOGRAPHY
Journals, etc.
www.futuregroup.in.
www.bigbazaar.in.