Of the 12 million retail outlets present in the country, nearly 5 million sell food and related products. Organised retail segment has been growing at a blistering pace, eceeding all pre!ious estimates. India retail industry is the largest industry in india, with an employment of around (. And contributing to o!er 1&. Of the country's GDP.
Of the 12 million retail outlets present in the country, nearly 5 million sell food and related products. Organised retail segment has been growing at a blistering pace, eceeding all pre!ious estimates. India retail industry is the largest industry in india, with an employment of around (. And contributing to o!er 1&. Of the country's GDP.
Of the 12 million retail outlets present in the country, nearly 5 million sell food and related products. Organised retail segment has been growing at a blistering pace, eceeding all pre!ious estimates. India retail industry is the largest industry in india, with an employment of around (. And contributing to o!er 1&. Of the country's GDP.
SHOPPERS STOP AND MARKS & SPENCER RETAIL INDUSTRY IN INDIA India has one of the largest numbers of retail outlets in the world. Of the 12 million retail outlets present in the country, nearly 5 million sell food and related products. Thought the market has been dominated by unorganized players, the entry of domestic and international organised players is set to change the scenario. Organized retail segment has been growing at a blistering pace, eceeding all pre!ious estimates. "ccording to a study by #eloitte $askins and %ells, organised retail has increased its share from 5 per cent of total retail sales in 2&&' to ( per cent in 2&&). The fastest growing segments ha!e been the wholesale cash and carry stores *15& per cent+ followed by supermarkets *1&& per cent+ and hypermarkets *)5,(& per cent+. -urther, it estimates the organised segment to account for 25 per cent of the total sales by 2&11. India retail industry is the largest industry in India, with an employment of around (. and contributing to o!er 1&. of the country/s 0#1. 2etail industry in India is epected to rise 25. yearly being dri!en by strong income growth, changing lifestyles, and fa!ourable demographic patterns. It is epected that by 2&1' modern retail industry in India will be worth 3%4 1)5, 2&& billion. India retail industry is one of the fastest growing industries with re!enue epected in 2&&) to amount 3%4 52& billion and is increasing at a rate of 5. yearly. " further increase of ),(. is epected in the industry of retail in India by growth in consumerism in urban areas, rising incomes, and a steep rise in rural consumption. It has further been predicted that the retailing industry in India will amount to 3%4 21.5 billion by 2&1& from the current size of 3%4 ).5 billion. %hopping in India has witnessed a re!olution with the change in the consumer buying beha!iour and the whole format of shopping also altering. Industry of retail in India which has become modern can be seen from the fact that there are multi, stored malls, huge shopping centres, and sprawling complees which offer food, shopping, and entertainment all under the same roof. India retail industry is epanding itself most aggressi!ely6 as a result a great demand for real estate is being created. Indian retailers preferred means of epansion is to epand to other regions and to increase the number of their outlets in a city. It is epected that by 2&1&, India may ha!e '&& new shopping centres. India retail industry is progressing well and for this to continue retailers as well as the Indian go!ernment will ha!e to make a combined effort Retail !a"e #ri!en by changing lifestyles, strong income growth and fa!ourable demographic patterns, Indian retail is epanding at a rapid pace. 7all space, from a meagre one million s8uare feet in 2&&2, is epected to touch 9& million s8uare feet by end,2&&) and an estimated '& million s8uare feet by end,2&&(, says :ones ;ang ;a%alle/s third annual 2etailer %entiment %ur!ey,"sia. "longside, Indian cities are witnessing a paradigm shift from traditional forms of retailing into a modern organized sector. " report by Images 2etail estimates the number of operational malls to more than double to o!er 912 with 2&5 million s8uare feet by 2&1& and further )15 malls by 2&15, on the back of ma<or retail de!elopments e!en in tier II and tier III cities in India. C#alle$%e &a"i$% t#e I$'ia$ O(%a$i)e' Retail e"t*( The challenges facing the Indian organized retail sector are !arious and these are stopping the Indian retail industry from reaching its full potential. The beha!iour pattern of the Indian consumer has undergone a ma<or change. This has happened for the Indian consumer is earning more now, western influences, women working force is increasing, desire for luury items and better 8uality. $e now wants to eat, shop, and get entertained under the same roof. "ll these ha!e lead the Indian organized retail sector to gi!e more in order to satisfy the Indian customer. The biggest challenge facing the Indian organized retail sector is the lack of retail space. =ith real estate prices escalating due to increase in demand from the Indian organized retail sector, it is posing a challenge to its growth. =ith Indian retailers ha!ing to shell out more for retail space it is effecting there o!erall profitability in retail. Trained manpower shortage is a challenge facing the organized retail sector in India. The Indian retailers ha!e difficultly in finding trained person and also ha!e to pay more in order to retain them. This again brings down the Indian retailers profit le!els. The Indian go!ernment ha!e allowed 51. foreign direct in!estment *-#I+ in the India retail sector to one brand shops only. This has made the entry of global retail giants to organized retail sector in India difficult. This is a challenge being faced by the Indian organized retail sector. >ut the global retail giants like Tesco, =al,7art, and 7etro "0 are entering the organized retail sector in India indirectly through franchisee agreement and cash and carry wholesale trading. 7any Indian companies are also entering the Indian organized retail sector like 2eliance Industries ;imited, 1antaloons, and >harti Telecoms. >ut they are facing stiff competition from these global retail giants. "s a result discounting is becoming an accepted practice. PROFILES OF THE COMPANIES BIG BAZAAR >ig >azaar is not <ust another hypermarket. It caters to e!ery need of a family. =here >ig >azaar scores o!er other stores is its !alue for money proposition for the Indian customers. "t >ig >azaar, one can get the best products at the best prices ? that is what they guarantee. =ith the e!er increasing array of pri!ate labels, it has opened the doors into the world of fashion and general merchandise including home furnishings, utensils, crockery, cutlery, sports goods and much more at prices that will surprise you. "nd this is <ust the beginning. >ig >azaar plans to add much more to complete the shopping eperience. -ood is the main shopped for category in this store. Pa(e$t C*+!a$, 1antaloon 2etail *India+ ;imited, is India@s leading retailer that operates multiple retail formats in both the !alue and lifestyle segment of the Indian consumer market. $ead8uartered in 7umbai *>ombay+, the company operates o!er 12 million s8uare feet of retail space, has o!er 1&&& stores across )1 cities in India and employs o!er 5&,&&& people. The company@s leading formats include 1antaloons, a chain of fashion outlets, >ig >azaar, a uni8uely Indian hypermarket chain, -ood >azaar, a supermarket chain, blends the look, touch and feel of Indian bazaars with aspects of modern retail like choice, con!enience and 8uality and Aentral, a chain of seamless destination malls. %ome of its other formats include >rand -actory, >lue %ky, a;;, Top 1& and %tar and %itara. The company also operates an online portalB futurebazaar.com. " subsidiary company, $ome %olutions 2etail *India+ ;imited, operates $ome Town, a large,format home solutions store, Aollection i, selling home furniture products and eCone focussed on catering to the consumer electronics segment. 1antaloon 2etail was recently awarded the International 2etailer of the Dear 2&&) by the 3%,based Eational 2etail -ederation *E2-+ and the Fmerging 7arket 2etailer of the Dear 2&&) at the =orld 2etail Aongress held in >arcelona. 1antaloon 2etail is the flagship company of -uture 0roup, a business group catering to the entire Indian consumption space. SHOPPERS STOP The foundation of %hoppers/ %top was laid on October 2), 1GG1 by the H. 2ahe<a Aorp. group of companies. >eing amongst India/s biggest hospitality and real estate players, the 0roup crossed yet another milestone with its lifestyle !enture , %hoppers/ %top. -rom its inception, %hoppers/ %top has progressed from being a single brand shop to becoming a -ashion I ;ifestyle store for the family. Today, %hoppers/ %top is a household name, known for its superior 8uality products, ser!ices and abo!e all, for pro!iding a complete shopping eperience. =ith an immense amount of epertise and credibility, %hoppers@ %top has become the highest benchmark for the Indian retail industry. In fact, the company@s continuing epansion plans aim to help %hoppers@ %top meet the challenges of the retail industry in an e!en better manner than it does today. %hoppers %top ;td has been awarded Jthe $all of -ameJ and won Jthe Fmerging 7arket 2etailer of the Dear "wardJ, by =orld 2etail Aongress at >arcelona, on "pril 1&, 2&&( %hoppers %top is listed on the >%F. =ith the launch of the Ea!i 7umbai departmental store, %hoppers %top has 2' stores in 15 cities in India. St*(e %hoppers %top began by operating a chain of department stores under the name K%hoppers@ %topL in India. Aurrently %hoppers %top has twenty si *2'+ stores across the country and three stores under the name $ome%top. %hoppers %top has also begun operating a number of specialty stores, namely Arossword >ookstores, 7othercare, >rio, #esi AafM, and "rcelia. %hoppers %top retails a range of branded apparel and pri!ate label under the following categories of apparel, footwear, fashion <ewellery, leather products, accessories and home products. These are complemented by cafe, food, entertainment, personal care and !arious beauty related ser!ices. In "pril 2&&(, %hoppers %top changed its logo and adopted the mantra J%tart %omething EewJ. %hoppers %top/s sister stores includeB N Arossword >ookstores *a specialised book store+ N $ome%top *store for furniture and home accessories+ N >rio N $ypercity *offers food and grocery, general merchandise and apparel+ N 7otherAare *offers products for epecting mothers, babies, toddlers and children+ N Euance 0roup *manages the outlets at the international airports at >angalore and $yderabad+ L*,alt, !(*%(a+ %hoppers %top@s has a loyalty program called -irst Aitizen. They also offer a co branded credit card with Aitibank for their members MARKS & SPENCER 7arks I %pencer *also 7I%, 7arks and %parks and 7arks/+ is a >ritish retailer, with )'& stores in more than 5& countries around the world. It is one of the most iconic and widely recognised chain stores in the 3nited Hingdom, and is the largest clothing retailer in the country, as well as being a multi,billion pound food retailer, and as of 2&&(, the 95rd largest retailer in the world. 7ost of its 52& domestic stores sell both clothing and food, and since the turn of the century it has started epanding into other ranges such as home wares and furniture. >y 1GGG, Online %hopping was brought in, and the company grew with new sales of fashion clothing. In 2&&1, with changes in its business focus such as the introduction of the J1er 3naJ clothing range designed by 0eorge #a!ies, accompanied by a redesign of its underlying business model, profits reco!ered somewhat and 7I% reco!ered some of its market share, but it soon became apparent that problems remained. Other changes to tradition included accepting credit cards and opening its stores on %unday. The 3H 2etail di!ision, the largest of the operating di!isions, is itself sub, di!ided into se!en business units, each representing a defined area of merchandiseB =omenswear, 7enswear, ;ingerie, Ahildren/s wear, >eauty, $ome and -oods. The first si business units are reported as K0eneralL, and footage is allocated between them depending on demand and seasonal factors. The space allocated to the largest single business unit, -oods, is relati!ely infleible. The International 2etail business consists of three broad geographic areasB Furope *including Ireland but ecluding the 3H+, Eorth "merica and the -ar Fast. The International 2etail results include those of 7I%@ franchise businesses, which, at 51 7arch 2&&1, operated 125 franchise stores in 2' countries. The Furopean International 2etail can be di!ided into the Aontinental Furope and the 2epublic of Ireland and Furopean franchise businesses. In Eorth "merica the group operates two businesses, >rooks >rothers and Hings %uper 7arkets. "t 51 7arch 2&&1 >rooks >rothers traded in 221 stores and Hings %uper 7arkets had 2) stores. -inally in -ar Fast the group operates 1& stores in $ong Hong. LINES OF BUSINESS OF THE ABO-E STORES N F,tailing N -ood N -ashion N $ome %olutions N Telecom and IT N 0eneral 7erchandise N ;eisure and Fntertainment N =ellness and >eauty N >ooks and 7usic SYNOPSIS OF THE STUDY Ob<ecti!es of the %tudy 1. To study the retail industry in India. 2. To understand the influence of ad!ertising and promotion in buying beha!iour. 5. To ascertain brand awareness of the outlets identified.9.To analyze customer satisfaction towards products and ser!ices offered. T**l *& Data C*lle"ti*$ 1rimary #ata Inter!iewing the customers Ouestionnaires,and consumers %ur!eys, "pproaching the outlets directly. %econdary #ata >ooks, 7agazines, Eewspapers, >logs. Sa+!li$% %ample %ize ? )5 customersPconsumers %ample 3nit ? Aonsumers in the age group 1( to 5& years S"*!e a$' Ue 1. It will etend to the actual field study of these outlets in >angalore. 2. It will gi!e information to prospecti!e customers. 5. $elp us gain independent knowledge about the consumer perception of the outlets identified. 9. The study can help the companies get additional research information. 5. It facilitates e!aluation of brand name and customer satisfaction. F*(+at *& t#e ./eti*$$ai(e E+!l*,e' #ear Austomer, =e, the students of Ahrist 3ni!ersity, are conducting a study on the customer perception of three retail outlets in >angalore, !iz., >ig >azaar, %hopper/s %top and 7arks I %pencer. 1lease fill in the following 8uestionnaire to help us in our sur!ey.
E"7FB OAA31"TIOEB "0FB 1(,2( 2(,5( 5(,9( 9(,5( 5(,'5 0FE#F2B 7ale -emale 1+ $ow often do you shopQ Once a week -ortnightly Once a month 2+ =hich of the following stores do you shop atQ >ig >azaar %hopper/s %top 7arks I %pencer Others *specify+ RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR 5+ =hat do you mostly shop for at the mentioned storesQ Alothing "ccessories 0roceries Others *specify+ RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR 9+ =hy do you shop at the abo!e,mentioned storeQ 5+ 2ank your preferences for shoppingB 1roimity Ouality >rand 1rice %tore ;ayout One,stop shopping '+ #oes ad!ertising and promotion influence your shopping decisionsQ Des Eo )+ =hich form of promotion do you think is most effecti!eQ 1rint TS 2adio (+ Indicate your satisfaction le!el based on the following parameters for the following storesB 2etail Outlet 3nsatisfied %atisfied $ighly %atisfied Eot Sisited >ig >azaar %hopper/s %top 7arks I %pencer T#a$0 ,*/1 ANALYSIS AND INTERPRETATION The tools and methods of data collection identified earlier were employed to gather data on the consumer perception of the three retail chains in >angalore ? >ig >azaar, %hoppers@ %top and 7arks I %pencer. The data accrued, especially from the inter!iews and 8uestionnaires circulated, are tabulated and depicted on graphs in the following pages. The data thus gathered and tabulated is analysed. The data is then scrutinized and rele!ant interpretations are drawn. The ma<or ob<ecti!es of analysis of data areB 1.To e!aluate and enhance data 8uality 2.#escribe the study population and its relationship 5.Famine effects of other rele!ant factors 9.%eek further insight into the relationships obser!ed or not obser!ed 5.F!aluate impact or importance The data collection plan, including procedures, instruments, and forms, was designed and pre,tested to maimize accuracy. "ll data collection acti!ities were monitored to ensure adherence to the data collection protocol and to prompt actions to minimize and resol!e missing and 8uestionable data. 7onitoring procedures were instituted at the outset and maintained throughout the study, since the faster irregularities can be detected6 the greater the likelihood that they can be resol!ed in a satisfactory manner and the sooner pre!enti!e measures can be instituted. .2 34 A%e *& t#e (e!*$'e$t "ge Total 1ercentage 1(,2( 5) 9G.55. 2(,5( 1' 21.55. 5(,9( ( 1&.'). 9(,5( G 12.&&. 5(,'5 5 '.'). )5 1&&. Data C*lle"te' The first criteria respondents were asked to indicate was the age group they belonged to. 2espondents were asked to choose among fi!e age group categories, !iz., 1(,2(, 2(,5(, 5(,9(, 9(,5( and 5(,'5 years. The age groups were identified as key factors impacting shopping and purchase decisions of consumers. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the distribution of the population under study is e!ident. Of the )5 respondents who answered the 8uestionnaire, 5) indicated that their ages fell in the category 1(,2( years. This accounts for 9G.55. of the respondents. Of the )5 respondents who answered the 8uestionnaire, only 5 indicated that their ages fell in the category 5(,'5 years. This accounts for '.'). of the respondents who fall in this age group. It is e!ident from the responses and the subse8uent tabulation that, on an a!erage, the respondents can be categorized in the following descending order of age groupsB 1(,2(, 2(,5(, 9(,5(, 5(,9(, and 5(,'5. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at analyzing the distribution of ages of the population that !isit the stores under study. The age groups laid before the respondent ha!e been the result of obser!ation and inter!iew. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the demographics of the population that !isit retail outlets. The highest number of respondents falls in the age group 1(,2(. It can be deduced that most of the consumers who !isit retail outlets regularly are the youth. They make up almost half of the population who shop at retail stores. The rest of the population who !isit the retail outlets under study can be listed in the following descending order of distribution ? the working age group, the older age group, the middle age group, and senior citizens. It is not surprising that the youth most fre8uent malls and retail stores. =hat is unepected, howe!er, is the fact that more people who fall into the older age group !isit the retail stores than those who fall in the middle age group. Then again, this deduction cannot be applied to the entire population of >angalore. The disparity can be attributed to the small size of the sample under study. O. 2+ 0ender of the respondents B 0ender Total 1ercentage 7ale 55 9'.)). -emale 9& 55.55. )5 1&&. Data C*lle"te' Aonsumers were asked to indicate their gender. The ob<ect of this 8uestion is to understand the demographics of the population under study. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the distribution of the consumers is e!ident. Of the )5 respondents who answered the 8uestionnaire, 9& were female. This accounts for 55.55. of the respondents, almost half of the population under study. Of the )5 respondents who answered the 8uestionnaire, the rest 55 were male. This accounts for 9'.'). of the population under study. It is e!ident from the responses and the subse8uent tabulation that the number of female respondents was higher than that of the male respondents in the population under study. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at identifying the distribution between the two genders and how many of them !isit the retail stores under study. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the distribution in the number of men and women who !isit the retail outlets and appropriate decisions can be made keeping these numbers in mind. The highest number of respondents were female, as is depicted by the graph and chart presented abo!e. The number of male respondents was less compared to the female respondents. Two deductions can be made from the abo!e data collectedB one, more women !isit retail outlets than men. Two, more women are willing to fill out 8uestionnaires and take a sur!ey than men. This can help the companies and researchers in undertaking future decisions and studies. %ince more women can be inferred to !isit retail stores than men, companies can target their offerings and marketing strategies in two areas. 2etail outlets can appeal to the women customers by offering more products geared especially towards women. They can pro!ide a shopping eperience that women are particularly attracted to. "nother way that retail chains can use the abo!e data is to appeal to the men rather than the women. %ince, fewer men !isit retail stores as against women, the companies ha!e a large base of potential customers. >y pro!iding products that are geared towards men and by pro!iding a shopping eperience that attracts men, the retail chains can epand their customer base. O. 5+ $ow often do you shop Q -re8uency Total 1ercentage Once a week 19 1(.'). -ortnightly 2) 5'.&&. Once a month 59 95.55. )5 1&&. Data C*lle"te' Aonsumers approached were asked about their fre8uency in !isits to shops. The fre8uency points furnished wereB Once a week, -ortnightly, and Once a month. These fre8uency points were identified by obser!ation and inter!iew as the a!erage times that consumers shop. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the fre8uency of shopping of the respondents is e!ident. Of the )5 respondents who answered the 8uestionnaire, 59 indicated that they shopped once a month. This accounts for 95.55. of the respondents, who !isit shops including retail stores once a month. Of the )5 respondents who answered the 8uestionnaire, 19 indicated that they shopped once a week. This accounts for 1(.'). of the respondents, who !isit shops, malls or retail stores once e!ery week. It is e!ident from the responses and the subse8uent tabulation that, on an a!erage, the fre8uency of shopping among the respondents can be listed in the following descending orderB Once a month, -ortnightly, and Once a week. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at understanding how fre8uently consumers !isit shops and buy their products or a!ail of their ser!ices. The fre8uency points laid before the respondent ha!e been the result of obser!ation and inter!iew. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the number of times a customer is likely to shop in a month@s time. The highest responses ha!e been attributed to once a month shopping. It can be deduced that consumers who shop only once a month look to buy groceries and other essentials to last them a month. Therefore, retail outlets ha!e tough customers in those who shop once a month. %uch customers look to buy in bulk. 7oreo!er, such customers may not be open to eperimenting with new stores. $ence, to capture this market, retail outlets must put in place strategies that attract them. Once they profess a liking to a certain store, they turn out to be !ery loyal customers. Aonsumers who shop once a week, on the other hand, pose !ery different challenges to retail stores. %uch customers can be presumed to ha!e a high disposable income and may buy more lifestyle or fashion products. %ince they shop so fre8uently, they must continually be entertained and attracted to make repeat purchases at stores. =hen targeting this segment, companies must be able to get new stock e!ery week, and update their marketing strategies continuously. O. 9+ =hich stores do you shop at fre8uentlyQ #etails Total 1ercentage >ig >azaar 25 5&.'). %hopper@s %hop 21 2(.&&. 7arks I %pencer 15 1).55. Others 1( 29.&&. )5 1&&. Data C*lle"te' Aonsumers approached were asked which stores they shopped at fre8uently. The retail store brands placed before them were >ig >azaar, %hoppers@ %top, 7arks I %pencer, and others. These particular stores were chosen to eamine the differences in shopping patterns among stores that cater to the high income group, middle income group and lower income group. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the preference as regards the stores fre8uented is e!ident. Of the )5 respondents who answered the 8uestionnaire, 25 indicated that they shopped fre8uently at >ig >azaar. This accounts for 5&.'). of the respondents, who gi!e preference to >ig >azaar. Of the )5 respondents who answered the 8uestionnaire, 15 indicated that they shop fre8uently at 7arks I %pencer. This accounts for 1).55. of the respondents, who prefer 7arks I %pencer. In the TOthers@ category pro!ided, many respondents indicated that they shopped fre8uently at Aentral, -ood =orld, 7onday to %unday, Eamdhari@s, -abmallP7ore, =estside, 3nited Aolours of >enetton, kirana stores etc. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at analyzing the preferences of consumers among the different stores. The stores under study ha!e been identified on the basis of the income groups they cater to. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify customer preferences among the !aried choices of stores, and can calculate how much market share they hold. The highest number of responses has been attributed to >ig >azaar. >ig >azaar attracts people of many income groups, and offers products that appeal to a wide array of consumers. The other stores can be ranked in descending order of preference or fre8uency of !isits asB %hoppers@ %top, Others, and 7arks I %pencer. It can be deduced from the abo!e figures that the category TOthers@ was indicated by more number of respondents than those who indicated they fre8uent 7arks I %pencer. This may be because 7arks I %pencer targets only the elite classes in a city where a higher percentage of the population belong to the middle income group. In analyzing the other stores that consumers fre8uent, outlets such as =estside, 7onday to %unday, 7ore, Aentral etc., featured. This indicates that more people fre8uent stores that cater to the middle income group. This is not to say that 7arks I %pencer has no customer base. $owe!er, they may be unable to generate a high !olume of repeat sales. O. 5+ =hat do you mostly shop for at the abo!e,mentioned storeQ #etails Total 1ercentage Alothing 55 99.&&. "ccessories 12 1'.&&. 0roceries 25 55.55. Others 5 9.&&. )5 1&&. Data C*lle"te' Aonsumers approached were asked to indicate the types of products they mostly shopped for at the stores they had selected earlier. The types of products presented were Alothing, "ccessories, 0roceries and others. These products were identified by obser!ation and inter!iew as the most popular products that consumers shop for fre8uently. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the products fre8uently shopped for by consumers is e!ident. Of the )5 respondents who answered the 8uestionnaire, 55 indicated that they essentially shopped for clothing at the store they had indicated earlier. This accounts for 99.&&. of the respondents. Of the )5 respondents who answered the 8uestionnaire, only 5 indicated other products they fre8uently shop for at the stores indicated earlier. This accounts for 9.&&. of the respondents, who ga!e importance to products such as home furnishings, books, and kitchen appliances. It is e!ident from the responses and the subse8uent tabulation that consumers, on an a!erage, fre8uently shop for products in the following descending orderB Alothing, 0roceries, "ccessories, and Others. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at identifying the products consumers shop for fre8uently at retail outlets. The product categories laid before the respondent are the result of obser!ation and inter!iew. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the main attractions of products and ser!ices offered. The high number of responses indicate that a large number of consumers !isit retail outlets for clothesPdressesPapparel. "ccoutrement is the hottest selling item that any retail outlet can pro!ide. One,third of the respondents indicated that the !isit retail outlets to purchase groceries. To the retail stores, the abo!e tabulated responses lead to a !ery important result. Alothing is the fastest mo!ing consumer good. 2etail outlets that pro!ide apparel can see a higher rate of turno!er and sales !olume. $owe!er, the abo!e results cannot be assumed to be representati!e of the entire population of >angalore city. The sample size consists of only )5 respondents, who were approached on a random basis as they !isited the retail outlets. O. '+ =hy do you shop at the abo!e storeQ -actors Total 1ercentage Ouality 2& 2'.'). -ashion 5 '.'). "ffordability 1& 15.55. Sariety 9 5.55. "ll under one roof 1& 15.55. >rand name 11 19.'). %er!ice 9 5.55. %tore atmosphere 5 9.&&. ;oyalty 5 '.'). 1roimity 5 9.&&. )5 1&&. Data C*lle"te' Aonsumers approached were asked an open,ended 8uestion to indicate the reasons they select a particular store to shop at as against any other retail outlet. Their responses were recorded and a broad idea of the factors that influence shopping and buying decisions was formed. A$al,i The responses of the inter!iewees and consumers ha!e been broadly categorised into 1& factors that they find impact their shopping decision and result in their choosing one store o!er another. -rom the table, bar graph and pie chart depicted abo!e, the influencing factors are e!ident. The reasons includeB Ouality, -ashion, "ffordability, Sariety, "ll products under one roof, >rand name, %er!ice, %tore atmosphere, ;oyalty, and 1roimity. Of the )5 respondents who answered the 8uestionnaire, 2& replied that 8uality of the products is generally the main reason they choose to shop at specific stores. This accounts for 2'.'). of the respondents, who replied saying 8uality was the reason why they shopped at the store indicated earlier. Of the )5 respondents who answered the 8uestionnaire, 5 answered that store atmosphere contributed to their shopping decision, while another 5 replied that proimity of the store played a big role. This accounts for 9.&&. of the respondents, in each case. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at getting direct customer feedback as to the factors that influence their shopping decision. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the biggest factors that influence the consumers in fa!ouring one store o!er others, direct from the horse@s mouth. If set in descending order of influence as indicated by the consumers, the factors can be listed asB Ouality, >rand name, "ffordability, "ll products under one roof, -ashion, ;oyalty, %er!ice, Sariety, 1roimity, and %tore atmosphere. -rom the table, graph and chart depicted abo!e, it is e!ident that customers gi!e !alue to a great many number of factors when deciding which store to shop at. It would be prudent on the part of the company to identify their strong and weak areas, which attract or dri!e away customers toPfrom their stores. O. )+ 2ank your preferences for shopping B #etails Total 1ercentage Ouality 25 5&.'). >rand 11 19.'). 1rice 1' 21.55. %tore ;ayout ' (.&&. 1roimity 5 '.'). One,%top %hop 19 1(.''. )5 1&&. Data C*lle"te' Aonsumers approached were asked to rank their preferences on a scale of 1 to ' of their preferences when choosing to shop at particular stores. The preference points placed before them were TOuality, T>rand@, T1rice@, T%tore ;ayout@, T1roimity@, TOne,stop shop@. These preference points were identified by obser!ation and inter!iew as the most popular reasons that beget the attraction of consumers and act as inducements to shop at particular stores. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the preference points of consumers is e!ident. Of the )5 respondents who answered the 8uestionnaire, 25 gi!e first importance to 8uality when choosing which store to shop at. This accounts for 5&.'). of the respondents, who ga!e rank U1 to TOuality@. Of the )5 respondents who answered the 8uestionnaire, only 5 ga!e first importance to proimity of the store when choosing where to shop at. This accounts for '.'). of the respondents, who ga!e rank U1 to T1roimity@. It is e!ident from the responses and the subse8uent tabulation that consumers, on an a!erage, rank the preference points in the following descending order of attractionB Ouality, 1rice, and One,stop shop, >rand, %tore ;ayout, and 1roimity. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at understanding what elements attract the consumer the most. The preference points laid before the respondent ha!e been the result of obser!ation and inter!iew. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the biggest factors that influence the consumers in fa!ouring one store o!er others. The highest responses and the highest ranking ha!e been attributed to 8uality of the products on sale. =hen choosing to shop at a particular store, or when fa!ouring one store o!er the others, it is seen that most consumers make this decision based on the 8uality of the products on offer. The net criteria that influence the consumers in fa!ouring a particular store o!er others are *in descending order+ ? 1rice, One,stop shop, >rand, %tore layout, and 1roimity. "lthough it is said that the most important things in retail are K;ocation, location, and locationL, from the consumers@ point of !iew, proimity is of little concern. The 8uality, price and !ariety of goods play big roles in the decision making process. O. (+ #o ad!ertisement and promotion influence your shopping decision Q #etails Total 1ercentage Des 55 99.&&. Eo 92 5'.&&. )5 1&&. Data C*lle"te' Aonsumers approached were asked if ad!ertisements and promotional acti!ities influence their shopping decisions. This 8uestion was answered by )5 consumers. "d!ertisements refer to those that appear in anyPall types of media. 1romotional acti!ities refer to sales, coupons, gifts, free products etc. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the influence of ad!ertisements and promotions on the psyche of consumers is e!ident. Of the )5 respondents who answered the 8uestionnaire, 92 replied that ad!ertisements ha!e little or no effect when deciding where to shop at. This accounts for 5'.&&. of the respondents, who indicated the choice TEo@. Of the )5 respondents who answered the 8uestionnaire, 55 replied that ad!ertisements and promotional acti!ities do affect their decision when fa!ouring one store o!er others. This accounts for 99.&&. of the respondents, who indicated the choice TDes@. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at understanding the effect of ad!ertisements and promotional acti!ities on the psyche of the consumers. The ob<ect is also to analyze how far ad!ertisements, promotions and other marketing strategies ha!e an impact on the shopping and buying beha!iour of consumers. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the effect of ad!ertising and marketing campaigns on the consumers@ minds and how far ad!ertisements translate into sales. -rom the tabulated data depicted abo!e and responses of the consumers, it is e!ident that a slightly higher number of respondents do not gi!e much importance to ad!ertisements and promotional acti!ities. The number of respondents who indicated that ad!ertisements and promotional acti!ities do ha!e an impact on their shopping decisions was slightly lesser. This indicates that although most consumers are aware of the ad!ertisements and promotional campaigns, a slightly higher percentage of consumers are not swayed by the marketing strategies instituted by the companies. This is not, howe!er, to say that ad!ertisements and promotional acti!ities ha!e no bearing on the minds of the consumers at all. The responses only indicate that ad!ertisements ser!e to keep the brand in retention although they do not guarantee sales. The products sold at the stores ha!e the biggest impact on attracting and retaining customers O. G+ =hich form of ad!ertisement do you think is most effecti!e Q #etails Total 1ercentage 1rint 2( 5).55. TS 9& 55.55. 2adio ) G.59. )5 1&&. Data C*lle"te' Aonsumers approached were asked which form of ad!ertisement they thought was most effecti!e. This 8uestion was answered by )5 consumers. The methods of ad!ertising were restricted to three ? Tele!ision, 1rint and 2adio. The options laid before the respondents were the result of obser!ation and inter!iew as being the most popular which the consumers identify as means of ad!ertising. A$al,i -rom the table, bar graph and pie chart depicted abo!e, the effecti!eness of the !arious modes of ad!ertising on the psyche of consumers is e!ident. Of the )5 respondents who answered the 8uestionnaire, 9& indicated that the tele!ision is the most effecti!e means of ad!ertising for a store. This accounts for 55.55. of the respondents, who indicated the choice TTS@. Of the )5 respondents who answered the 8uestionnaire, only ) indicated that the radio is an effecti!e means in ad!ertising to the consumers. This accounts for G.59. of the respondents, who indicated the choice T2adio@. It is e!ident from the graph and chart presented abo!e that, in the minds of the consumers, the effecti!eness of the three kinds of media are classified as follows *in the descending order+B Tele!ision, 1rint, and 2adio. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at understanding the effecti!eness of the three means of ad!ertising. The ob<ect is also to analyze how far ad!ertisements broadcast through these media percolate into the minds of the consumers. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the effecti!eness of ad!ertisements through the media identified. This helps to understand which media is more influential and attracts more sales. -rom the tabulated data depicted abo!e and responses of the consumers, it is e!ident that the ma<ority of the respondents feel that tele!ision ad!ertising is the most effecti!e means of ad!ertising. This is indicati!e in spite of large number of commercials that the public is bombarded with. The respondents gi!e !ery little credit to radio ad!ertisements. This is indicati!e of the fact that most of the public ignore radio ad!ertisements or else that radio ad!ertising does not translate into sales. Thus, it can be surmised that when ad!ertising, more effecti!e media to reach the consumer and persuade them to buy are the tele!ision and print media, more so than radio ad!ertising. O. 1&+ Indicate your satisfaction le!el based on the gi!en parameters for the following stores B #etails Total 1ercentage 1rint 2( 5).55. TS 9& 55.55. 2adio ) G.59. )5 1&&. Data C*lle"te' Aonsumers approached were asked about their satisfaction with the three stores co!ered in this study. This 8uestion was answered by )5 consumers. The three stores are >ig >azaar, %hopper@s %top, and 7arks I %pencer. The satisfaction scale comprised of four ranks ? 3nsatisfied, %atisfied, $ighly %atisfied and Ee!er Sisited. A$al,i -rom the table, bar graph and pie chart depicted abo!e, satisfaction le!els with the three stores are e!ident. Of the )5 respondents who answered the 8uestionnaire, 95 indicated a satisfactory response towards >ig >azaar, and 2 had not !isited the store. Of the )5 respondents who answered the 8uestionnaire, 9( indicated a satisfactory response towards %hopper@s %top, 1( were highly satisfied, and G were unsatisfied. It is e!ident from the graph and chart presented abo!e that of the )5 respondents, 91 indicated a satisfactory response towards 7arks I %pencer, 1) were highly satisfied, while ' had not !isited the store. I$te(!(etati*$ Of the consumers approached, )5 people agreed to fill in the 8uestionnaire and this specific 8uestion. This 8uestion is aimed at understanding the satisfaction le!els of the consumers with the three stores under study ? >ig >azaar, %hopper@s %top, and 7arks I %pencer. The ob<ect is also to analyze how far the marketing strategies, brand image, ad!ertisements, layout, 8uality etc., contribute towards consumer perception and satisfaction. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the effecti!eness of ad!ertisements, location, brand, price, promotion, product !ariety etc., on the target consumers. This helps to understand the current consumer perception of the three stores identified and the corresponding satisfaction le!els. -rom the tabulated data depicted abo!e and responses of the consumers, it is e!ident that a good number of target consumers are satisfied with the stores at large. $owe!er, there are those who are unsatisfied or who ha!e ne!er !isited the store at all. %uch consumers form the potential market that the companies must stri!e to attract. There are also 8uite a few respondents who were highly satisfied with the retail chains. It is imperati!e for the stores to find out why this is so. They can modify and apply the same attractions towards the consumers who are less satisfied. The abo!e table and graph gi!e a worm@s eye,!iew of the consumer perception of the three stores. This can help the marketers understand how effecti!e their strategies ha!e been. A$al,i -rom the pie chart depicted abo!e, satisfaction le!els with >ig >azaar are e!ident. Of the )5 consumers who answered this 8uestion, 5).55. indicate that they are satisfied with >ig >azaar. Of the )5 respondents, who indicated their satisfaction le!els with >ig >azaar, 2'.'). indicated that they are unsatisfied with >ig >azaar. Of the total number of respondents, 15.55. indicated that they were highly satisfied with >ig >azaar. "nd 2.'). indicated that they had not !isited the store up to the date of filling in this 8uestionnaire. I$te(!(etati*$ Of the consumers approached, )5 agreed to fill in the 8uestionnaire and answer the abo!e 8uestion. The aim of this 8uestion is to understand the le!el of satisfaction that consumers feel with regards to the retail chain >ig >azaar. "s is e!ident from the pie chart presented abo!e, a little more than half of the respondents indicated that they are satisfied with >ig >azaar, while almost one, eighth indicated that they are highly satisfied with the store. $owe!er, almost one,fourth of the number of respondents indicated that they were unsatisfied with >ig >azaar. This goes to show that although >ig >azaar may ha!e an o!erall goodwill from the consumers, there are still some things that they are not doing right. >ig >azaar must identify eactly what the problem areas are and must address them 8uickly and swiftly. The abo!e pie chart shows that almost 5&. of the respondents fall into the category of potential customers. >ig >azaar must take effecti!e steps to attract these consumers. A$al,i -rom the pie chart depicted abo!e, satisfaction le!els with %hopper@s %top are e!ident. Of the )5 consumers who answered this 8uestion, '9.&&. indicate that they are satisfied with %hopper@s %top. Of the )5 respondents, who indicated their satisfaction le!els with %hopper@s %top, 29.&&. indicated that they are unsatisfied with %hopper@s %top. Of the total number of respondents, 12.&&. indicated that they are highly satisfied with %hopper@s %top. "nd there were no respondents who had not !isited the store. I$te(!(etati*$ Of the consumers approached, )5 agreed to fill in the 8uestionnaire and answer the abo!e 8uestion. The aim of this 8uestion is to understand the le!el of satisfaction that consumers feel with regards to the retail chain %hopper@s %top. "s is e!ident from the pie chart presented abo!e, almost two,thirds of the number of respondents indicated that they are satisfied with %hopper@s %top, while more than one,fourth indicated that they are highly satisfied with the store. $owe!er, almost one,eighth of the number of respondents indicated that they were unsatisfied with %hopper@s %top. This goes to show that %hopper@s %top is doing many things right. It seems to en<oy a reasonable amount of goodwill. The marketing strategies, ad!ertisements, promotions, 8uality, pricing, product !ariety etc., seem to be !ery appealing and also translate into sales and repeat purchases. The abo!e pie chart shows that 12. of the numbers of respondents, howe!er, are unsatisfied with the store. They form the potential consumers market for %hopper@s %top A$al,i -rom the pie chart depicted abo!e, satisfaction le!els with 7arks I %pencer are e!ident. Of the )5 consumers who answered this 8uestion, 59.'). indicate that they are satisfied with 7arks I %pencer. Of the )5 respondents, who indicated their satisfaction le!els with 7arks I %pencer, 19.'). indicated that they are unsatisfied with 7arks I %pencer. Of the total number of respondents, 22.'). indicated that they are highly satisfied with 7arks I %pencer. "nd (.&&. of the number of respondents indicated that they had not !isited the store up to the date of filling in this 8uestionnaire. I$te(!(etati*$ Of the consumers approached, )5 agreed to fill in the 8uestionnaire and answer the abo!e 8uestion. The aim of this 8uestion is to understand the le!el. of satisfaction that consumers feel with regards to the retail chain 7arks I %pencer. "s is e!ident from the pie chart presented abo!e, more than half of the number of respondents indicated that they are satisfied with 7arks I %pencer, while almost one,fourth indicated that they are highly satisfied with the store. $owe!er, almost one,se!enth of the number of respondents indicated that they were unsatisfied with 7arks I %pencer. This goes to show that although 7arks I %pencer may ha!e an o!erall goodwill from the consumers, there are still some things that they are not doing right. 7arks I %pencer must identify eactly what the problem areas are and must address them effecti!ely and efficiently. The abo!e pie chart shows that almost 2&. of the respondents fall into the category of potential customers. 7arks I %pencer must take effecti!e steps to attract these consumers. FINDINGS AND SUGGESTIONS In the sur!eys, inter!iews and study conducted abo!e, we came across many factors that influence the consumers@ perception of a store and their subse8uent shopping and buying decisions. $ere, we present the findings gathered and the suggestions we offer to companies based on the data gathered and analyzed. 2espondents were asked to choose among fi!e age group categories, !iz., 1(, 2(, 2(,5(, 5(,9(, 9(,5( and 5(,'5 years. The age groups were identified as key factors impacting shopping and purchase decisions of consumers. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the demographics of the population that !isit retail outlets. The highest number of respondents falls in the age group 1(,2(. It can be deduced that most of the consumers who !isit retail outlets regularly are the youth. The rest of the population who !isit the retail outlets under study can be listed in the following descending order of distribution ? the working age group, the older age group, the middle age group, and senior citizens. It is not surprising that the youth most fre8uent malls and retail stores. =hat is unepected, howe!er, is the fact that more people who fall into the older age group !isit the retail stores than those who fall in the middle age group. Then again, this deduction cannot be applied to the entire population of >angalore. The disparity can be attributed to the small size of the sample under study. Aonsumers were also asked to indicate their gender. The ob<ect of this 8uestion is to understand the demographics of the population under study. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the distribution in the number of men and women who !isit the retail outlets and appropriate decisions can be made keeping these numbers in mind. The highest number of respondents were female, as is depicted by the graph and chart presented abo!e. The number of male respondents was less compared to the female respondents. Two deductions can be made from the abo!e data collectedB one, more women !isit retail outlets than men. Two, more women are willing to fill out 8uestionnaires and take a sur!ey than men. This can help the companies and researchers in undertaking future decisions and studies. %ince more women can be inferred to !isit retail stores than men, companies can target their offerings and marketing strategies in two areas. 2etail outlets can appeal to the women customers by offering more products geared especially towards women. They can pro!ide a shopping eperience that women are particularly attracted to. "nother way that retail chains can use the abo!e data is to appeal to the men rather than the women. %ince, fewer men !isit retail stores as against women, the companies ha!e a large base of potential customers. >y pro!iding products that are geared towards men and by pro!iding a shopping eperience that attracts men, the retail chains can epand their customer base. Aonsumers approached were asked about their fre8uency in !isits to shops. The fre8uency points furnished wereB Once a week, -ortnightly, and Once a month. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the number of times a customer is likely to shop in a month@s time. The highest responses ha!e been attributed to once a month shopping. It can be deduced that consumers who shop only once a month look to buy groceries and other essentials to last them a month. Therefore, retail outlets ha!e tough customers in those who shop once a month. %uch customers look to buy in bulk. 7oreo!er, such customers may not be open to eperimenting with new stores. $ence, to capture this market, retail outlets must put in place strategies that attract them. Once they profess a liking to a certain store, they turn out to be !ery loyal customers. Aonsumers who shop once a week, on the other hand, pose !ery different challenges to retail stores. %uch customers can be presumed to ha!e a high disposable income and may buy more lifestyle or fashion products. %ince they shop so fre8uently, they must continually be entertained and attracted to make repeat purchases at stores. =hen targeting this segment, companies must be able to get new stock e!ery week, and update their marketing strategies continuously. Aonsumers approached were asked which stores they shopped at fre8uently. The retail store brands placed before them were >ig >azaar, %hoppers@ %top, 7arks I %pencer, and others. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify customer preferences among the !aried choices of stores, and can calculate how much market share they hold. The highest number of responses has been attributed to >ig >azaar. >ig >azaar attracts people of many income groups, and offers products that appeal to a wide array of consumers. The other stores can be ranked in descending order of preference or fre8uency of !isits asB %hoppers@ %top, Others, and 7arks I %pencer. It can be deduced from the abo!e figures that the category TOthers@ was indicated by more number of respondents than those who indicated they fre8uent 7arks I %pencer. This may be because 7arks I %pencer targets only the elite classes in a city where a higher percentage of the population belong to the middle income group. In analyzing the other stores that consumers fre8uent, outlets such as =estside, 7onday to %unday, 7ore, Aentral etc., featured. This indicates that more people fre8uent stores that cater to the middle income group. This is not to say that 7arks I %pencer has no customer base. $owe!er, they may be unable to generate a high !olume of repeat sales. Aonsumers approached were asked to indicate the types of products they mostly shopped for at the stores they had selected earlier. The types of products presented were Alothing, "ccessories, 0roceries and others. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the main attractions of products and ser!ices offered. The high number of responses indicate that a large number of consumers !isit retail outlets for clothesPdressesPapparel. "ccoutrement is the hottest selling item that any retail outlet can pro!ide. One,third of the respondents indicated that the !isit retail outlets to purchase groceries. To the retail stores, the abo!e tabulated responses lead to a !ery important result. Alothing is the fastest mo!ing consumer good. 2etail outlets that pro!ide apparel can see a higher rate of turno!er and sales !olume. $owe!er, the abo!e results cannot be assumed to be representati!e of the entire population of >angalore city. The sample size consists of only )5 respondents, who were approached on a random basis as they !isited the retail outlets. Aonsumers approached were asked an open,ended 8uestion to indicate the reasons they select a particular store to shop at as against any other retail outlet. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the biggest factors that influence the consumers in fa!ouring one store o!er others, direct from the horse@s mouth. If set in descending order of influence as indicated by the consumers, the factors can be listed asB Ouality, >rand name, "ffordability, "ll products under one roof, -ashion, ;oyalty, %er!ice, Sariety, 1roimity, and %tore atmosphere. -rom the table, graph and chart depicted abo!e, it is e!ident that customers gi!e !alue to a great many number of factors when deciding which store to shop at. It would be prudent on the part of the company to identify their strong and weak areas, which attract or dri!e away customers toPfrom their stores. Aonsumers approached were asked to rank their preferences on a scale of 1 to ' of their preferences when choosing to shop at particular stores. The preference points placed before them were TOuality, T>rand@, T1rice@, T%tore ;ayout@, T1roimity@, TOne,stop shop@. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the biggest factors that influence the consumers in fa!ouring one store o!er others. The highest responses and the highest ranking ha!e been attributed to 8uality of the products on sale. =hen choosing to shop at a particular store, or when fa!ouring one store o!er the others, it is seen that most consumers make this decision based on the 8uality of the products on offer. The net criteria that influence the consumers in fa!ouring a particular store o!er others are *in descending order+ ? 1rice, One,stop shop, >rand, %tore layout, and 1roimity. "lthough it is said that the most important things in retail are K;ocation, location, and locationL, from the consumers@ point of !iew, proimity is of little concern. The 8uality, price and !ariety of goods play big roles in the decision making process. Aonsumers approached were asked if ad!ertisements and promotional acti!ities influence their shopping decisions. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the effect of ad!ertising and marketing campaigns on the consumers@ minds and how far ad!ertisements translate into sales. -rom the tabulated data depicted abo!e and responses of the consumers, it is e!ident that a slightly higher number of respondents do not gi!e much importance to ad!ertisements and promotional acti!ities. The number of respondents who indicated that ad!ertisements and promotional acti!ities do ha!e an impact on their shopping decisions was slightly lesser. This indicates that although most consumers are aware of the ad!ertisements and promotional campaigns, a slightly higher percentage of consumers are not swayed by the marketing strategies instituted by the companies. This is not, howe!er, to say that ad!ertisements and promotional acti!ities ha!e no bearing on the minds of the consumers at all. The responses only indicate that ad!ertisements ser!e to keep the brand in retention although they do not guarantee sales. The products sold at the stores ha!e the biggest impact on attracting and retaining customers. Aonsumers approached were asked which form of ad!ertisement they thought was most effecti!e. The methods of ad!ertising were restricted to three ? Tele!ision, 1rint and 2adio. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the effecti!eness of ad!ertisements through the media identified. -rom the tabulated data depicted abo!e and responses of the consumers, it is e!ident that the ma<ority of the respondents feel that tele!ision ad!ertising is the most effecti!e means of ad!ertising. This is indicati!e in spite of large number of commercials that the public is bombarded with. The respondents gi!e !ery little credit to radio ad!ertisements. This is indicati!e of the fact that most of the public ignore radio ad!ertisements or else that radio ad!ertising does not translate into sales. Thus, it can be surmised that when ad!ertising, more effecti!e media to reach the consumer and persuade them to buy are the tele!ision and print media, more so than radio ad!ertising. Aonsumers approached were asked about their satisfaction with the three stores co!ered in this study. The three stores are >ig >azaar, %hopper@s %top, and 7arks I %pencer. The satisfaction scale comprised of four ranks ? 3nsatisfied, %atisfied, $ighly %atisfied and Ee!er Sisited. The ob<ect is also to analyze how far the marketing strategies, brand image, ad!ertisements, layout, 8uality etc., contribute towards consumer perception and satisfaction. >y analysing the responses to this 8uestion, we, the researchers, as well as companies, can identify the effecti!eness of ad!ertisements, location, brand, price, promotion, product !ariety etc., on the target consumers. This helps to understand the current consumer perception of the three stores identified and the corresponding satisfaction le!els. -rom the tabulated data depicted abo!e and responses of the consumers, it is e!ident that a good number of target consumers are satisfied with the stores at large. $owe!er, there are those who are unsatisfied or who ha!e ne!er !isited the store at all. %uch consumers form the potential market that the companies must stri!e to attract. There are also 8uite a few respondents who were highly satisfied with the retail chains. It is imperati!e for the stores to find out why this is so. They can modify and apply the same attractions towards the consumers who are less satisfied. The abo!e table and graph gi!e a worm@s eye,!iew of the consumer perception of the three stores. This can help the marketers understand how effecti!e their strategies ha!e been. " little more than half of the respondents indicated that they are satisfied with >ig >azaar, while almost one,eighth indicated that they are highly satisfied with the store. $owe!er, almost one,fourth of the number of respondents indicated that they were unsatisfied with >ig >azaar. This goes to show that although >ig >azaar may ha!e an o!erall goodwill from the consumers, there are still some things that they are not doing right. >ig >azaar must identify eactly what the problem areas are and must address them 8uickly and swiftly. The abo!e pie chart shows that almost 5&. of the respondents fall into the category of potential customers. >ig >azaar must take effecti!e steps to attract these consumers. "lmost two,thirds of the number of respondents indicated that they are satisfied with %hopper@s %top, while more than one,fourth indicated that they are highly satisfied with the store. $owe!er, almost one,eighth of the number of respondents indicated that they were unsatisfied with %hopper@s %top. This goes to show that %hopper@s %top is doing many things right. It seems to en<oy a reasonable amount of goodwill. The marketing strategies, ad!ertisements, promotions, 8uality, pricing, product !ariety etc., seem to be !ery appealing and also translate into sales and repeat purchases. The abo!e pie chart shows that 12. of the numbers of respondents, howe!er, are unsatisfied with the store. They form the potential consumers market for %hopper@s %top. 7ore than half of the number of respondents indicated that they are satisfied with 7arks I %pencer, while almost one,fourth indicated that they are highly satisfied with the store. $owe!er, almost one,se!enth of the number of respondents indicated that they were unsatisfied with 7arks I %pencer. This goes to show that although 7arks I %pencer may ha!e an o!erall goodwill from the consumers, there are still some things that they are not doing right. 7arks I %pencer must identify eactly what the problem areas are and must address them effecti!ely and efficiently. The abo!e pie chart shows that almost 2&. of the respondents fall into the category of potential customers. 7arks I %pencer must take effecti!e steps to attract these consumers. RECOMMENDATIONS AND CONCLUSION BIG BAZAAR P(* 1. Sariety B >ig >azaar offers a wide !ariety of products of different prices and different 8ualities satisfying most of its customers. 2. Ouality B 1ro!iding 8uality at low prices and ha!ing different types of products for different income customers is another ad!antage. 5. 1rice B "s noted the prices and offers in >ig >azaar ha!e been one of the main attractions and reasons for its popularity. The price ranges and the products offered are !ery satisfying to the customers. 9. ;ocation B The location of >ig >azaar has been mainly in the heart of the city or in the out skirts gi!ing a chance to both the Aity and the people li!ing outside the city to shop. 5. "d!ertisements B >ig bazaar has endorsed !ery popular figure like 7 % #honi and other famous personalities which has attracted a lot of customers. This has resulted in increase of sale and the outdoor ad!ertising techni8ues ha!e also helped >ig >azaar. '. 7iddle class appeal B Aonsidering the fact that there are a lot middle class families in India, >ig bazaar has had a huge impact on the middle class section of India, the prices, 8uality and sales strategy has helped in getting the middle income groups getting attracted towards >ig >azaar. ). "ttracti!e sales B >ig bazaar has been known for its great sale and great offers. >ig bazaar has had long lines of people waiting to get into the store for the sale. Therefore, the sales that >ig >azaar has had has increased sales in a huge way due to the sales and offers, thus this has been one of the main ad!antages of >ig >azaar. Dia'5a$ta%e 1. %tore layout B The store layout and the assortment of goods is not the best at >ig >azaar, as the 8uantity of goods sold is more the arrangement and assortment of goods in the store is the greatest. $ence at times customers find it hard to find what they re8uire, this leads to dissatisfaction of customers. 2. ;ower 8uality of goods B "s >ig bazaar aims more toward the middle income group, the 8uality of goods is not of the highest 8uality, and this is sometimes a disad!antage as some would prefer better 8uality to the price, making customers to search for different places. 5. #oes not appeal to the elite B "s mentioned abo!e, the main customers are middle income and a few high income groups, The elite do not like to shop at >ig >azaar as the 8uality of goods is lower and they would prefer a higher price and get a better brand, this decreases sales from the elite class. 9. Eot acclaimed for !ery good ser!ice B >ig >azaar is not known for high class ser!ice. The staff recruited is not !ery well trained and the billing 8ueues take a long time to mo!e, this irritates customers which makes them !isit the store more seldom. 5. ;ower 8uality of goods B "s the sore is trying to concentrate on the middle income group the type of products used is not of the most superior 8uality and most of the times nor branded, this may dissatisfy certain customers. '. Aonsumer satisfaction B ;ong 8ueues and lower 8uality leads to dissatisfaction of customers. #ue to factors mentioned abo!e >ig >azaar shoppers are not always satisfied, this is not a positi!e for the store. SHOPPERS STOP P(* 1. Sariety B The !ariety of goods and products at shoppers stop is like a one stop shop for customers. It pro!ides household products and other products like apparels etc. This attracts customers 2. ;ayout B %hoppers@ %top pro!ides ease of shopping by pro!iding them with a !ery clear store layout which is an essential element in attracting customers as it pleases them. 5. "mbience B %hoppers@ %top has a !ery pleasing ambience which helps in shopping, the colours, lights and others help in encouraging customers in shopping. 9. >rand "wareness B %hoppers@ %top has a high le!el of brand awareness among customers in and around the city. It is a popular store, this helps in attracting customers as publicity by person to person by word of mouth helps %hoppers@ stop in getting more customers. 5. $igh Income 0roups B %hoppers@ %top attracts mainly the high income group although it attracts the middle income group as well but not as much as the high income group. Dia'5a$ta%e 1. Fpensi!e B %hoppers@ %top has a label which is tagged in the minds of customers that it is epensi!e and therefore this affects the sale of goods in the store. 2. ;ess "d!ertisement B %hoppers@ %top is not known much for their ad!ertisements and the ad!ertisements done are !ery less as well. This does not attract more customers to the store. 5. Sery few outlets B %hoppers@ %top is not spread all o!er the city and hence this causes a problem for customers to tra!el far distances to get to the store and hence they find alternati!es. 9. ;ess "ttraction B The attraction in shoppers stop is less compared to other stores, i.e., the sales and offers are lesser and as the store attracts people with higher incomes the number of sales per year is lesser this does not attract other customers 5. ;ocation B The location of the stores are not in the main areas making it difficult for the customers to find the store, location of the store plays a huge role as the customers would like the store to be aPin a con!enient place for them to reach it with more comfort. '. ;oss on middle income groups B The store loses out on the middle income group which is more dominant in India, with lesser or reduced prices the middle income group can be attracted. MARKS & SPENCER
P(* 1. Ouality B 7arks and %pencer is known for its 8uality products. Therefore their main ad!antage is that their image in the !iew of the customer is a store with !ery good 8uality. 2. ;oyalty B 1eople are loyal to the store as they are highly satisfied with the 8uality and they ha!e an assurance from the store for their continued supply of 8uality products 5. ;ocation B 7arks and %pencer is mostly located near the residential areas or sometimes the commercial areas. This helps the customers to get to the store 8uickly and hence pro!ides con!enience to the customers gi!ing the customers a positi!e image about the store. 9. $igh Income B 7arks and %pencer attracts the higher income group, the profit is higher as the customers are ready to spend more for better products 5. ;ayout B 7arks and %pencer ha!e a !ery good layout for the store and this gi!es chance for the customers to get a proper look at the store and help them locate their needs with ease, this makes customers happy. Dia'5a$ta%e 1. Fpensi!e B 7arks and %pencer is a high end store pro!ing to be a little more epensi!e when compares to other stores. This makes people hesitant to go to the store. 2. Aompetition B 7arks and %pencer recei!e !ery high competition from stores like 2eliance -resh, -ood =orld, -ab mall and others. Austomers would prefer buying the same product at a cheaper price. Thus the competition is !ery high. 5. Eo middle income customers B The middle income groups would prefer other stores as 7arks and %pencer is pro!en to be an epensi!e store, middle income customers will try and find alternati!es and sa!e money. 9. ;esser 0oods B 7arks and %pencer do not ha!e a huge !ariety or assortment of goodsPproducts, though they deal with groceries and products which are similar, there is lesser !ariety and customers prefer more !ariety. 5. -ewer >ranches B "s 7arks and %pencer is still growing there are fewer branches around, this is a reason for lesser sale as customers would not want to tra!el long distances to find the store, they would find alternati!es instead. '. ;ess "d!ertisement B 7arks and %pencer ha!e do not ha!e an ad campaign or ha!e !ery little ad!ertising. This leads to lesser information of the store, thus sales and profits would depend and fluctuate on the le!el of ad!ertisement and information gi!en to the public. ). Eo Offers or sales B 7arks and %pencer rarely has sales or offers. This does not attract customers. Thus as a result of no sales and offers when compared to other stores the sales are lesser pro!ing to be a disad!antage to the store.