HyperCITY Retail India LTD.
HyperCITY Retail India LTD.
HyperCITY Retail India LTD.
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ACKNOWLEDGEMENT
We take the opportunity to express our gratitude to all of them who in some or the other way help us to accomplish this project. The research study cannot be completed without your guidance, assistance, inspiration, and co-operation. We particularly owe our gratitude to Dr Thirumagal Pillai madam to give a such a opportunity. And lastly to all the people who cooperate and encourage us, with their valuable time.
A very special thanks to HyperCITY Retail LTD. Malad, Mumbai and all the members who given me the opportunity and supported me to learn in their organization and Im very thankful to Mr. ABHIJEET GAWDE the marketing officer of HyperCITY who helped me a lot to pursue my summer internship under him.
SANJAY SAHA
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EXECUTIVE SUMMARY
TITLE
THE EFFECTIVENESS OF PROMOTIONAL ACTIVITIES OF HYPERCITY
RETAIL INDUSTRY
Retail has played a major role world over in increasing productivity across a wide range of consumer goods and services .The impact can be best seen in countries like U.S.A., U.K., Mexico, Thailand and more recently China. Economies of countries like Singapore, Malaysia, Hong Kong, Sri Lanka and Dubai are also heavily assisted by the retail sector.
SECONDARY OBJECTIVES:
To find out the satisfaction level of Hypercity membership Discovery Club Card? To know the promotional activity awareness among the customers To know the various mediums of promotional activities of HyperCITY To understand the ambience effects on the customers. To know the frequency of visiting the customers at HyperCITY. To know which category of product selling more.
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SAMPLE SIZE
300 (Three hundred)
METHODOLOGY:
The basic methodology that we followed was the questionnaire method. Research objectives were clearly stated before designing the questionnaire
Information was collected form a sample size of 300 respondents, which included both males and females. Information obtained from the respondents was analyzed and interpreted. Findings revealed by the tabulations were listed in a summarized form as Recommended Actions The sampling method used was Non-probability random sampling.
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FINDINGS
The promotional activities did have the influence on customers. People are aware of promotional activities done by HyperCITY. Among various means of doing promotions like newspapers, leaflets and catalogues are the better means which attracted customers. Customers always visited HyperCITY because of better ambience and quality products. Among many products offered, maximum sales happens is for the groceries section at HyperCITY. This is because quality products are offered. Weekly offers are not given importance by the customers. Many of the customers are not aware of offers given such as hyper Wednesday, Friday blockbuster etc. Discovery club card (membership card) is satisfactory among the customers Many customers did purchases, but did not avail the benefit of membership (DCC) card. Ambience and comfortable atmosphere rather proved to be gaining momentum for HyperCITY.
ASSUMPTIONS: It is assumed that chosen sample is a representation of the entire population It is assumed that the information provided by the samples is accurate and best of their
knowledge.
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CONCLUSION
The target segment of HyperCITY is niche class people mainly and they dont come for any offers so HyperCITY doesnt need to do the advertisement very frequently. The customers come for shopping because of the standard of the store, the quality of the products, hygiene and the world class ambience which gives them a very comfortable atmosphere
RECOMMENDATIONS
Many of the customers are not aware of the Hyper weekly offers so try them to make them aware Many of the customers said that the customer associate doesnt respond very well so train them thus they can help the customers. Follow up of the HAM section is not very good. So try to give better after sales service thus customer can come back again and again. Many of the members of DCC are not getting the emails and sms from HyperCITY so update the customer information while enrolling the customers
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CONTENTS
Chap No. 1 2. Introduction Industry Profile 3. 4. 5. 6. Size of the Industry Growth trends Government policies Major players 21 43 48 50 Title Page No. 2 6
Company and Product Profile Literature Review Objective and Scope of Study Research Methodology Research design Sampling design Data collection Limitation & Assumptions
7. 8. 9. 10.
Data Analysis and Interpretation Observation and Findings Conclusions Recommendations References Questionnaire
LIST OF TABLES
Table No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Title Worlds Top Ten Retailers by Revenue Retail Formats Retail formats in India Entry options for foreign players Sample size Sources of advertisement Frequency of shopping Products usually purchased by customer Products usually purchased by customer Awareness about Hyper weekly offers Offers preferred by customers Ratings Page no. 6 8 11 17 53 78 80 82 84 88 94 96
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INTRODUCTION
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DEFINITION:
Historically retailing has been viewed as the ale of the goods to the consumer through retail shops. However, retailing today should be viewed as being rather broader. Retailing is the sale of the goods and services to the ultimate consumer for personal, family or household use. Thus retailing involves more than selling tangible products. The purchase of a service such as a haircut or dry cleaning is also a retail transaction. Purchases for a business or industrial use are not retail transactions.
FUNCTIONS OF RETAILING:
The retail outlet may provide some or all of the following services to its customers: Convenient location. An assortment of merchandise appropriate to the particular market (i.e allows choice) Breaking of bulk so that small quantities can be sold. Processing of merchandise to more acceptable forms. Holding of stock for instant availability at relatively stable prices. Helping to effect change in ownership of goods. Causing goods to move through the distribution system e.g from manufacturer to wholesaler to retailer to consumer. Information not only to the consumer but also to suppliers. Product guarantees, after-sales service and dealing with customer complaints. Credit and hire- purchase facilities. Some facility for social intercourse.
There is direct end-user interaction in retailing. In is the only point in the value chain to provide a platform for promotions. Sales at the retail level are generally in smaller unit sizes. Location is a critical factor in retail business.
In most retail businesses services are as important as core products . There are a larger number of retail units compared to other members of the value chain. This occurs primarily to meet the requirements of geographical coverage and population density
RATIONALE OF STUDY:
In todays economy and competitive business world retaining the customer base is critical to the companys success. Customer retention and satisfaction drives profits. Its far less expensive to cultivate the companys existing customer base and sell more service to them than to seek new single transaction customer. Keeping one existing customer is five to seven times more profitable than attaching new one. Good customer retention is vital to any organization because a slight reduction in the customer defection rate has a disproportionally positive effect on profitability. 5% increase in customer retention can result in profit increase of at least 20% for more business company wants to retain the customers so that they become loyal advocates for the companys brand. The study makes an effort to ascertain the effectiveness of the promotional activities. It helps to know that how does a customer influence by the promotional activities. The study helps to understand why customers shop at a particular store. The retail store can rise up to the expectations of the customers only by how do you make him feel difference than others. Promotional activities makes a loyal relationship between the customers and the retail organization. The subject has been taken for the research as it plays key role in the success of retail store. As long as the store is able to being in touch with its customer, customers will remain in the bracket of loyal customers. This study helps to understand the factors which pulls customers to retail store.
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SECTOR PROFILE
No. of outlets
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Wal-Mart Carrefour Tesco Metro Lidl Kroger Home Depot Costco Target Aldi
8900 15500 502 2100 7200 3264 2242 573 1743 8210
15 34 15 33 20 1 4 8 2 18
RETAIL FORMATS:
Media Activity Elements Means of Mediation Humans in Brick and Mortar Environment Customer Face to Face Remote, Remote, Paper &Telephonic Broadcast &Telephonic Computer &Voice over Internet Protocol Remote, Remote, Telephonic In store Catalogue Cable TV WWW Telephone
Interface
Sales Service
Voice Only
Product presentation
3Dimensional Displays
Computer image,
Malls: The largest form of organized retailing today. Located mainly in metro cities, in proximity to urban outskirts. Ranges from 60,000 sqft to 7,00,000sqft and above. They lend an ideal shopping experience with an amalgamation of product, service and entertainment, all under a common roof. Examples include Shoppers Stop, Piramyd, and Pantaloon. Specialty Stores:
Chains such as the Bangalore based Kids Kemp, the Mumbai books retailer Crossword, RPG's Music World and the Times Group's music chain Planet M, are focusing on specific market segments and have established themselves strongly in their sectors.
Discount Stores:
As the name suggests, discount stores or factory outlets, offer discounts on the MRP through selling in bulk reaching economies of scale or excess stock left over at the season. The product category can range from a variety of perishable/ non-perishable goods. Department Stores:
Large stores ranging from 20000-50000 sq. ft, catering to a variety of consumer needs. Further classified into localized departments such as clothing, toys, home, groceries, etc. Departmental Stores are expected to take over the apparel business from exclusive brand showrooms. Among these, the biggest success is K Raheja's Shoppers Stop, which started in Mumbai and now has more than seven large stores (over 30,000 sq. ft) across India and even has its own in store brand for clothes called Stop.
Hyper marts/Supermarkets:
Large self-service outlets, catering to varied shopper needs are termed as Supermarkets. These are located in or near residential high streets. These stores today contribute to 30% of all food & grocery organized retail sales. Super Markets can further be classified in to mini
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supermarkets typically 1,000 sqft to 2,000 sqft and large supermarkets ranging from of 3,500 sqft to 5,000 sq ft. having a strong focus on food & grocery and personal sales.
Convenience Stores:
These are relatively small stores 400-2,000 sq. feet located near residential areas. They stock a limited range of high-turnover convenience products and are usually open for extended periods during the day, seven days a week. Prices are slightly higher due to the convenience premium
Category Killer:
small specialty stores that offer a variety of categories. They are known as category killers as they focus on specific categories, such as electronics and sporting goods. This is also known as Multi Brand Outlets or MBO's.
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KIRANA SHOPS
They are individually handled retail outlets and have a personal touch.
LALA SHOPS
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Automatic approval is not allowed for foreign investment in retail. Regulations restricting real estate purchases, and cumbersome local laws. Taxation, which favours small retail businesses. Absence of developed supply chain and integrated IT management. Lack of trained work force. Low skill level for retailing management. Lack of Retailing Courses and study options Intrinsic complexity of retailing rapid price changes, constant threat of product obsolescence and low margins.
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Pantaloon Retail (India) Limited, is a large Indian retailer, which is part of the Future Group, and operates multiple retail formats in both the value and lifestyle segment of the Indian consumer market. Headquartered in Mumbai, the company has over 1,000 stores across 71 cities in India and employs over 30,000 people and as of 2010, it was the country's largest listed retailer by market capitalization and revenue. With effect from 1 January 2010 the company separated its discount store business, which includes the Big Bazaar hypermarket and the Food Bazaar supermarket businesses, into Future Value Retail Ltd., its wholly owned subsidiary, so that the company may be listed independently.
Retail Outlets:
Fashion-Big Bazaar, Pantaloons, Central, ALL, Brand Factory, Blue Sky, Top 10, Fashion Station- Big Bazaar, Lee Cooper (JV), Ethnicity Mall - Central Food - Food Bazaar Electronics - eZone, Electronic Bazaar, STAPLES (JV) E-tailing - www.futurebazaar.com Home Improvement - Home Town
K Raheja Group:
Established in 1956, over the decades, K. Raheja Corp has undergone a major transition from a real estate developer to a well diversified corporate. Under the leadership of Mr. C L Raheja, we have progressed rapidly and today, K. Raheja Corp. has grown into a multi-dimensional organization in the fields of Real Estate, Retailing and Hospitality. The group has the following formats in retail.
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Mall - Inorbit Book store - Crossword Fashion - Shoppers Stop Hypermarket - HyperCITY.
Tata Group: Established in 1998 trend .one of the subsidiary of Tata group operates Westside,a lifestyle retail chain and star India bazaar a hypermarket with a large assortment of product at the lowest price .Tata has also formed a subsidiary named infinity retail hitch consist of Croma ,a consumer electronics chain.
RPG group : The RPG Group one of India's largest industrial conglomerate headquartered in Mumbai, India. It was founded by RP Goenka in 1979. Today the RPG Group is involved in diverse sectors of business, including power generation, power transmission, information technology, retail, and entertainment. It owns the following retail outlets:
Reliance retail Reliance Retail is the retail business wing of the Reliance business. Many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trendz, Reliance Autozone, Reliance Super, Reliance Mart, Reliance I Store, Reliance Home Kitchens, and Reliance Jewel come under the Reliance Retail brand.
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LandMark:
The Landmark Group provides a value-driven product range for the entire family through a diverse portfolio of core retail brands. This includes a host of home grown brands in addition to international franchise offering. Their brands include: Home Centre Baby Shop Shoe Mart Splash Max Lifestyle Home Dcor
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Time and again, international multi-brand retailer like Wal-Mart, Carrefour and Metro have lobbied to open up India's retail sector for foreign direct investment with an eye on the country's vast consumer market. Some of them have opened cash-and-carry stores across the country Franchise agreements Most widely used entry route by
multinational retailers Fast food retailer Dominos entered India through master franchise root while Pizza Hut entered through regional franchisee
100% FDI is allowed in wholesale trading which involves buildingbuilding of a large distribution infrastructure to assist local manufacturers The wholesaler deals only with smaller retailers and not consumers Metro AG of Germany was the first significant global player to enter India through this route
Foreign company enters into a licensing agreement with a domesticretailer Mango, the Spanisn apparel brand has entered India through this route with an agreement with Piramyd, Mumbai SPAR entered into a similar agreement with Radhakrishna
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For manufacturers and service providers the emerging opportunities in urban markets seem to lie in capturing and delivering better value to the customers through retail. For instance, in Chennai CavinKares LimeLite, Maricos Kaya Skin Clinic and Apollo Hospitals Apollo Pharmacies are examples, to name a few, where manufacturers/service providers combine their own manufactured products and services with those of others to generate value hitherto unknown. The last mile connect seems to be increasingly lively and experiential. Also, manufacturers and service providers face an exploding rural market yet only marginally tapped due to difficulties in rural retailing. Only innovative concepts and models may survive the test of time and investments. However, manufacturers and service providers will also increasingly face a host of specialist retailers, who are characterized by use of modern management techniques, backed with seemingly unlimited financial resources. Organized retail appears inevitable There is no denying the fact that most of the developed economies are very much relying on their retail sector as a locomotive of growth.. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. But all of them have not yet tasted success because of the heavy initial investments that are
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required to break even with other companies and compete with them. The India Retail Industry is gradually inching its way towards becoming the next boom indust
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COMPANY ORIENTATION
HyperCITY is the part of K Raheja corp group and was incepted in 2005. It provides a truly international shopping experience where customer can shop in comfort in a large, modern and exiting environment. It offers a wide and contemporary range of innovative products, sourced from both local and international markets.
OUR VISION
To be an integral part of customer live, by offering them a high quality shopping experience through great products at ever better prices.
WHAT WE ARE
Hypermarket model 1, 20,000 Sq. Ft. and above. Best priced, full supermarket within. Widget general merchandise range Dominant assortment in chosen categories International shopping experience Lisuretainment
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HyperCITY
HyperCITY Retail (India) Ltd. is part of the K. Raheja Corp. Group, a leader in the Indian retail sector. K. Raheja Corp helped create retail boom in India with Shopper's Stop, Inorbit Mall and Crossword apart from their successes in realty and hospitality HyperCITY has 10 stores, covering approx 8 lac sq. ft, operational across 7 cities viz. Mumbai (Malad, Thane & Vashi), Amritsar, Jaipur, Bengaluru, Bhopal, Ludhiana &Hyde rabad. It offers a wide range of product in categories like Fresh produce, Foods and Grocery, Home, Bakery, electronics, Furniture, Sports, Toys & Apparel. it now is gearing up to commission three more stores at Ahmedabad, Pune and Mumbai by December HyperCITY also offers other value added services like consumer finance, ATM facility, telecom services, pharmacy, Bakery and Restaurants etc under one roof. HyperCITY launched its first store in Malad, Mumbai, which is spread over 1, 20,000 sq ft. It offers over 44,000 products sourced from both local & global markets. HyperCITY, the hypermarket offer from Shoppers Stop has a chain of 10 stores (covering approx. 8 lac sq ft) with the addition of a store in Bangalore recently, and. The company closed year 2010-11 with a growth of about 80 % clocking sales of Rs 600 crore and expect to take this up to Rs 900 crore in 2011-12. Food business contributes about 58 % revenue. The company hopes to achieve an operational break even this year. Contribution from private label is expected to be increased to 23 % this year and 25 % next year.
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K. RAHEJA GROUP
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COVERAGE
HyperCITY Malad Next to Inorbit Mall Malad Link Road Malad (West) Mumbai 400 064 Ph: +91 - 22 - 40078418/ 19/ 20
HyperCITY - Vashi GR Floor, Inorbit Mall Plot No. 39/1, Sector - 30/A Vashi Navi Mumbai 400 703 Ph: +91 - 22 40501300
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HyperCITY Thane Ground Floor, Big Thane Shopping Centre Ghodbunder Road, Behind Kasarvadawali Police Station, Thane Ph: +91 - 22 25987777
HyperCITY Hyderabad Inorbit Mall, Lower Ground Floor, Opp. I-Labs, Hi-tech City, Madhapur, Hyderabad Andhra Pradesh Ph: +91 - 040 44882031
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HyperCITY - Amritsar Alpha One Mall, Upper basement, MBM Farms, Sultan Wind Suburban, Main G. T. Road, Amritsar - 143 001 Ph: +0183 - 661 5555
HyperCITY Jaipur Triton The Mega Mall, Lower Ground Floor, Nr. Jhotwara Pulia & Sikar Road Circle, Jhotwara Road, Jaipur - 302 012 Rajasthan Ph: +91 - 141 - 4094660/
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HyperCITY Ludhiana Lower basement, MBD neopolis mall Ferozpur road, adjacent to Rajguru nagar, Ludiana - 141001
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HyperCITY Bangalore 1 Embassy Paragon, Ground Floor, Nr. Kundalahalli Gate, ITPL Road, Near Brooke Field, Bangalore - 560 037 Ph: +91 - 080 - 4364 3333
HyperCITY Bangalore 2 Lower ground floor Royal meenakshi mall Bannergatta road,
bengaluru
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HyperCITY Pune Ground floor Kumar pacific mall, Shankarsheth road, Swargate, pune
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HyperCITY, MALAD
HyperCITY, Malad is a flagship store in Mumbai which has niche segment target people. This store is 1, 20.000 sq. ft. huge in size and a wide parking area within. HyperCITY, Malad has 68% market share in his catchment area
CATCHMENT AREA
Malad east & west Goregaon east & west Andheri east & west Bangur nagar
HyperCITY gives a wide & huge space for shopping and provides standardized, luxurious and international experience of shopping. HyperCITY provides hygienic and quality products to their customers.
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HyperCITY, MALAD
HyperCITY MALAD Next to Inorbit mall Malad Link Road Malad (West) Mumbai 400 064
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HOME SECTION
Home ware Home needs Home linen
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APPLIANCES SECTION
Large appliances Small appliances Personal care
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FASHION SECTION
Mens wear Womens wear Kids wear Foot wear Accessories
TOYS SECTION
Infant toys Soft toys Electronic toys Learning toys Outdoor toys
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SPORTS SECTION
Health & Fitness Outdoor sports Indoor sports
FURNITURE SECTION
Living Room Bed Room Dining Room
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EXCLUSIVE BRANDS
HyperCITY has a wide array of exclusive brands across all categories. These brands ensure increased value to our customers through superior product offerings, quality and uniqueness at great prices
TERZO:
The Power of Super clean is now in your hands. Introducing Terzo Home cleaners with power of 3! The range comprise of power cleaners, Everyday Cleaner, Toilet cleaner, Floor Cleaner & Utensil Cleaner.
FRESHBASKET:
Every Fresh Basket product guarantees freshness and quality on a daily basis, with all the goodness locked in. Fresh Basket offers the freshest selection of meat, seafood, fresh produce, freshly baked breads, specialty bread, etc.
HyperCITY
HyperCITY is dedicated to bring wholesome food to your family at great prices. Our products are packed under hygienic conditions and are priced to offer real value, every day. HyperCITY encompasses everyday foods like cereals, spices, flour, pulses, dry fruits and other products.
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WAITROSE
Voted the top supermarket chain in UK. Exclusively available at HyperCITY. Come and taste the best of teas, coffees, juices, jams and more.
HOME
EBANO
Discover stylish essentials for your home with HyperCITYs exclusive brand e b a n o. e b a n o presents a selection of basic products with a modern appeal. Bringing your home to life with contemporary designs, vibrant colours, great value & is present across Utensils, Cutlery, Bakeware, Crockery, Glassware, Pots'n'pans, Implements, Bed linen, Towels, Cushions, Table linen, pillows and more.
AVORIO:
Make your home a more luxurious place with Avorio, the exclusive brand from HyperCITY. AVORIO offers exclusive, versatile and classic designs to enhance your lifestyle. Avorio spans Implements, Pots'n'pans, Glassware, Cutlery, Crockery, Towels, Bed linen, Table linen, Duvets & quilts and more.
EVERYDAY:
The range includes everything you need for your office - office accessories, writing instruments, paper stationery, etc.
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FASHION
HyperCITY offers a coordinated range at super prices; cutting across clothing, footwear, sunglasses, watches, hair accessories, bags and jewelry.
JOOJOOBS
Discover Fashion for your little ones!! The Joojoobs range of comfortable garments for infants includes designer infant wear and infant western wear. The range combines the finest quality fabrics & vivid colors to create a high value range of infant wear.
CITYSENSE
Comprises of a basic line of value packs at super duper prices; covering value packs of tees, socks, briefs, vests, basic denim, etc., for men, women & kids.
CITYLIFE
Everyday wear for men, women, kids and footwear, styled for value.
CITYSTYLE
Offers the latest trends in clothing in the market, at prices that are affordable.
RIVERINC.
A range of quality denims for men, ladies and kids. The range comprises of basic denims, fashion denims, tees, cargos, denim shirts and jackets.
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APPLIANCES TECHNIX:
Our Technix range of appliances will be available across microwaves, cook-tops and mixer-grinders.
SPORTS
RALEIGH
The Raleigh Series of bicycles are available exclusively at HyperCITY. Raleigh is one of the worlds biggest brands in Bicycles. Raleigh bicycles are simple, elegant, efficient and fun. They are designed with care and fitted with latest technology. Raleigh has the following varieties in bicycles - Mountain Sport, Platinum, Juvenile, Toy cycles, etc.
MAXIT:
The Maxit line of sports equipment and apparels is available exclusively at HyperCITY. Maxit stands for - Maximum Range, i.e. it offers a superior line up of sports gear at great value. Maxit is available across sports categories like cricket, football, basketball, volleyball, boxing and baseball.
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LITRATURE REVIEW
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Promotion is one of the four elements of marketing mix (product, price, place and promotion). It is the communication link between sellers and buyers for the purpose of influencing, informing or persuading a potential buyers purchasing decision.
PROMOTION MIX Promotion mix contains five elements they are Personal selling Advertising Sales promotion Direct marketing Publicity
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OBJECTIVE OF PROMOTION There are three basic objectives of promotion these are To present information to consumers as well as others To increase demand. To differentiate a product
TYPES OF PROMOTIONAL STRATEGY Basically there are two types of promotional strategies are used they are Push strategy Pull strategy
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CHANNELS OF PROMOTION
There are the various channels of promotion are given below
Newspapers Magazines Radio Television Direct mail SMS Outdoor advertising Word of mouth Leaflets Catalogues Announcement
PROMOTION TOOLS
Samples Coupons Cash refund offers (Rebates) Price offs (Cent-off deals) Premiums (gifts) Frequency programs Prizes (contests, sweepstakes, games) Patronage awards Free trials Product warranties Tie-in promotions
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Cross promotions Point-of purchase (pop) displays and demonstrations Price offs Allowance Free goods
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PRIMARY OBJECTIVE:
To study the effectiveness of promotional activities which influences a customer to purchase from HyperCITY?
SECONDARY OBJECTIVES:
To find out the satisfaction level of HyperCITY membership Discovery Club Card? To know the promotional activity awareness among the customers To know the various mediums of promotional activities of HyperCITY To understand the ambience effects on the customers. To know the frequency of visiting the customers at HyperCITY. To know which category of product selling more.
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RESEARCH MEHODOLOGY
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DEFINITION
Search for Knowledge careful investigation or inquiry to find out new facts in any branch of knowledge scientific and systematic investigation to acquire new knowledge.
RESEARCH DESIGN
The research will be descriptive in nature and survey is used as data collection technique will be conducted on already existing or prospective customers. Face to face interview with different customers from various parts of the Mumbai was held in which Questionnaire was used as a data gathering tool. The survey has helped us to streamline the process and serve the effectiveness of the promotional activities of HyperCITY.
Types of research : There are several research design given below pure research applied research exploratory research descriptive & diagnostic research experiment research
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PROCESS STAGES:
1. Defining the research objectives 2. Planning a research design 3. Planning a sample 4. Collecting the data 5. Analyzing the data 6. Formulating the conclusions and preparing the report
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SAMPLE DESIGN: Sampling is an act, process, or technique of selecting a representative part of a population. a sample design is a definite plan for obtaining a sample from a given population.
SAMPLING CONCEPTS:
POPULATION: Total collection of elements under investigation. . SAMPLE: The subset of the element of the population chosen for study. . SAMPLING UNIT: A sampling unit can be an individual element or a set of elements based on the sampling process used. SAMPLING FRAME: The sampling frame refers to a complete
enumeration/list of the population as specified by the research problem. It is a list of all the sampling units. TECHNOQUE OF SAMPLING:
The basic methodology that we followed was the questionnaire method. Research objectives were clearly stated before designing the questionnaire
Information was collected form a sample size of 300 respondents, which included both males and females. Information obtained from the respondents was analyzed and interpreted. Findings revealed by the tabulations were listed in a summarized form as Recommended Actions
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SAMPLE SIZE:
Sample population Sample frame Sample size Data collected Resident of Mumbai Customers of HyperCITY 300 Non probability random sampling method
SOURCES OF DATA
There were two main sources of data during the project: Primary Data: the primary data was collected through the customers coming to the HyperCITY for shopping. Secondary Data: The secondary data was collected through Internet, Journals and magazines.
LIMITATIONS The present study is confined to a minimal sample size and may not reflect the opinion
or response of the entire population in general.
The results of our study are entirely confined to the responses of the consumers of
Mumbai and might deviate in terms of actual population as a whole.
Recommendations given after the study are entirely dependent on the survey and the
secondary analysis done in the report.
There might have been tendencies among the respondents to amplify or filter their
responses under the testing.
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The respondents might think that this survey is only a waste of time or it might create
some problem and hence there might have been tendencies to give fake answers and fill the questionnaire casually.
Observation Method: While streamlining the process I came across several areas where there as scope of improvement. So recommendations on various perspectives have also been put forward.
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DCC Enrollment Competition Mapping Basket Comparison Ham Comparison Societal Tie up Restaurant Tie up Facebook Activity Sampling Activity In Store Activities Fathers Day Celebration Drawing Competition Cycling Race
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DCC ENROLLMENT
Dcc is the discovery club card. Which is a membership card for the hypercity customers. It is a electronic card which a customer show during the billing to get the benefits of this card.
FEATURES OF DCC
It is an electronic swiping card 100 points are initially given 1 point is equivalent to 1 Rs. Whenever customer buy any products he gets certain points on certain products which points keep on accumulating to his Dcc account.
BENEFITS OF DCC
Customer become a lifetime member of the club Customer can redeem dcc points at the time of final billing Customer gets keep on updating with latest offers, schemes, activities etc. via emails, sms and direct mailing.
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COMPETITION MAPPING
Competition mapping is all about to know what the competitors of HyperCITY are doing for their store marketing. Competition mapping is contains three tasks Basket comparison Ham comparison Share of voice
BASKET COMPARISON
Basket comparison is all about to know what the competitors are doing with their product prices. In this task we went to the different retail outlets (major competitors) and spying their product prices. And also try to know what promotional activities they are using to attract the customers. In this comparison we take 30 to 35 products including food, non food and perishable products. Perishable products are taken on seasonal basis. This activity is done on every Tuesday of the week
MAJOR COMPETITORS
Star Bazaar Food Bazaar D Mart Spencers
Well understanding of competitors promotional strategies Giving the product to the customer in nominal prices in comparison of the competitors
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HAM COMPARISON
Ham is the high-tech, appliances, multimedia. Ham comparison is all about to know what the competitors are doing with their product prices. In this task we went to the different retail outlets (major competitors) and spying their product prices. And also try to know what promotional activities they are using to attract the customers. In this comparison we take only electronic items. This activity is done on every Friday of the week.
APPLIANCES
Refrigerators Air conditioners Washing machines Microwaves
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MULTIMEDIA
LCD LED Speakers CD
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SHARE OF VOICE
Share of voice is used to accumulate measured media expenditures and estimated costs for other communications activities. Information should be gathered for all competitors on a regular (weekly, quarterly and/or annual) basis. Each competitor's percentage of the aggregate total is its Share-of-Voice." Share of voice is the task to know that what the competitors are doing for the advertisement of their product. In share of voice marketing officer see the competitors advertisement and offers in various sources and make a share of voice report.
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SPACE ON HIRE
Space on hire means HyperCITY gives space to the different companies for the advertisements of their product.
MEANS OF SPACE ON HIRE Travelator branding Drop downs Danglers Glass fasate Tran slide boxes Fixtures Pillar branding Portals FNV pillars Cash till poles Pillar cladding End capes Discovery pillars Plinth display
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ENDCAP
DISCOVERY PILLARS
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TRAVALATOR BRANDING
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TROLLY BRANDING
GLASS FACATE
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FACEBOOK ACTIVITY
Facebook is a social networking site. In facebook HyperCITY has a community. In this community customers are connects online to the HyperCITY. We done this activity with the collaboration of bru world caf (coffee chain).in this activity we approach the customers to like the community of hypercity on facebook . and instead of that they get a bru world cappuccino voucher absolutely free which is worth RS. 129. Many customers participated in this activity and liked the HyperCITY community on the facebook. This campaign was for two weeks. And in these Two weeks we increased the No. of likes from 13506 to 15509. That means we have enrolled 2003 customers.
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IN STORE ACTIVITIES
In store activity includes all the promotional activities which are done inside the store. These are the very important drives for HyperCITY which are the very helpful to increase the sales of different departments. Some of the in store activities are-
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DRAWING COMPETITION This in store activity is organized for the kids. In this activity Different ages of kids were participated and draw the sketches. This activity was sponsored by Junior Horlicks. This drive is organized to increase the sales of stationary section of HyperCITY.
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SLOW CYCLING RACE This in store activity is organized for the kids. In this activity Different ages of kids were participated. This activity was sponsored by Maxit. This drive is organized to increase the sales of sports section of HyperCITY.
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RESIDENTIAL SOCIETY ACTIVITY In this activity we gone to the different residential societies for the promotion of Bajaj Microwave oven. In this activity there was a cookery show sponsored by Bajaj electronics for the housewives of society This activity done for the drive the sales for Bajaj microwave oven.
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RESTAURANT TIE UP In this promotional activity we gone to the different restaurants in the catchment area (Malad, Goregaon, Andheri, Bangur nagar) of HyperCITY. We pitched the restaurant owner to give some discounts to our members of HyperCITY. Those customers who are having the membership card of HyperCITY. We gone to 5 restaurant and approached them.
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Q.1
by HyperCITY, Malad?
Column1
47 53 YES NO
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SOURCES
40 35 30 25 20 15 10 5 0 36 24 14 6 20
The sources in which the customers have seen the advertisement Sources newspapers Leaflets In activity store Word mouth of Others (sms, emails Percentage 36 percent 24 percent 14 percent 6 percent 20 percent
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FREQUENCY
60 50 40 30 20 10 0 13 2 32 53
Frequency of the customers to come at HyperCITY Frequency percentage Always 53% Sometimes 32% Very often 13% First time 2%
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PRODUCTS
60 50 40 30 20 10 0 19 19 4 GROCERY FASHION ELCTRONICS FURNITURE
57
The products usually purchased by the customers products percentage Grocery 57% Fashion 19% Electronics 19% Furniture 4%
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Q.5 Have you ever purchased anything because of the promotion you seen?
Series 1
80 70 60 50 40 30 20 10 18 11 4 GROCERY FASHION ELECTRONICS FURNITURE 67
Products purchased by the customers because of the promotion. Products Percentage Grocery 67% Fashion 11% Electronics 18% Furniture 4%
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Q.6
customer?
VISUAL MERCHANDISING
YES NO 91
91% customer says the visual merchandising is helpful to attract the customers 9% customer says the visual merchandising is not helpful to attract the customers
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OFFERS
60 51 50 40 30 20 10 0 12 9 28 HYPER WEDNESDAY FRIDAY BLOCKBUSTER BOTH NO
The various weekly offers of HyperCITY Weekly offers Hyper Wednesday Percentage 12% Friday blockbuster 9% 28% 51% Both No
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DCC
42 58 YES NO
58% customer says they are having the membership card of HyperCITY 42% customer says they are not having the membership card of HyperCITY
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SATISFACTION
70 60 50 40 30 19 YES NO NOT YET USED 65
20
10 0 YES
16
NO
65% customer says yes they are quite satisfied with the card. 19% customer says they are not satisfied with the facility of the card.
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Series 1
70 60 50 40 30 21 DISCOUNT ON MRP FREE GIFTS 66
20
10 0
13
The offers liked by the customers Offers Percentage Discount on MRP 66% Free gifts 21% Discovery club points 13%
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Q.11 How would you rate the promotional activities done by the HyperCITY?
RATINGS
5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 VISUAL MERCHANDISI NG NEWSPAPER
LEAFLETS
The ratings of promotional activities given by the customers Activities Visual merchandising Percentage 4.5 1 2.5 Newspaper Leaflets Activities in Word the store 3 mouth 2 of
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FINDINGS
The promotional activities did have the influence on customers. People are aware of promotional activities done by HyperCITY. Among various means of doing promotions like newspapers, leaflets and catalogues are the better means which attracted customers. Customers always visited HyperCITY because of better ambience and quality products. Among many products offered, maximum sales happens is for the groceries section at HyperCITY. This is because quality products are offered. Weekly offers are not given importance by the customers. Many of the customers are not aware of offers given such as hyper Wednesday, Friday blockbuster etc. Discovery club card (membership card) is satisfactory among the customers Many customers did purchases, but did not avail the benefit of membership (DCC) card. Ambience and comfortable atmosphere rather proved to be gaining momentum for HyperCITY.
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CONCLUSION
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CONCLUSION
The target segment of HyperCITY is niche class people mainly and they dont come for any offers so HyperCITY doesnt need to do the advertisement very frequently. The customers come for shopping because of the standard of the store, the quality of the products, hygiene and the world class ambience which gives them a very comfortable atmosphere
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RECOMMENDATIONS
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RECOMMENDATIONS
Many of the customers are not aware of the Hyper weekly offers so try them to make them aware Many of the customers said that the customer associate doesnt respond very well so train them thus they can help the customers. Follow up of the HAM section is not very good. So try to give better after sales service thus customer can come back again and again. Many of the members of DCC are not getting the emails and sms from HyperCITY so update the customer information while enrolling the customers
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REFERENCES
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REFERENCES
www.hypercityindia.com www.wikipedia.com www.google.com
BOOKS
RESEARCH METHODOLOGY
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ANNEXURE
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Questionnaire
Name Of Customer ____________________ Area Of Residence ___________________
Q.1 Have you ever seen any promotional activity or advertisement done by HyperCITY, Malad?
Yes No
Q.3
Q.4
Q.5
Have you ever purchased anything because of the promotion or advertisement you Seen?
Q.6
Yes No
Q.7
Yes No
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Q.8
Yes No
Q.9
Q.10
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Q.11 How would you rate the promotional activities done by the HyperCITY?
Poor Visual merchandising Newspaper Advertisements Leaflets, catalogues Activities in the Store Word of Mouth (Announcement)
Average
Good
Very Good
Excellent
Q.12 Would you like to give any suggestions related to promotional activities or advertisements?
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