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ON
INDIAN ORGANIZED RETAIL INDUSTRY
(BIG BAZAR)
(Approved by AICTE, Govt. of India)
ACADEMIC SESSION
Under the guidance of: Submitted by:
Supervisor Name Your Name
Lecturer (college name) Roll: - XXXX
College Address
College
Logo
DECLARATION
I Undersigned the student of MBA 3
rd
SEM by declare that the project report
is my own work and has carried out under the guidance and supervision of Prof.
name. Further I declare that it has not been submitted to any other university of
examination.
Date: Sign. Of Student
PREFACE
In this age of neck to neck competition, there is much importance given to
practical knowledge. The theorical knowledge is not sufficient to understand the
boundless field of business management.
Today every person wants to be a master in the field they are in. The practical
training is a life of management student. In modern world the importance of
management is increasing day by day. Industrial training provide a student
sufficient knowledge to develop an education to connect theory and practical.
So to fulfill our purpose I have done training at Big Bazar
ACKNOWLEDGEMENT
It is my great pleasure to present this report before you. I sincerely would like to
show my gratitude towards all those persons who have helped me throughout my
project work
I am heartily thankful to Manager name at Big Bazar for giving me his valuable
guidance for preparing this report. He has been an exceptional mentor during these
two months of training. It has been a great learning experience of being a trainee
under him.
I would like to express my special thanks to all the another official who has helped
me a lot during this SIP. Their critical advices helped me to make this report more
effective.
Moreover, I thanks to prof. Name who guided me before and after the industrial
training. He gave me great support to prepare this project, too. And all who
directly or indirectly helped me in preparing this report.
Chapter-1
Introduction
Retailing is evolving into a global, high-tech business. Wal-Mart is now the
worlds largest corporation and has become the largest food retailer in the United
States. French based Carrefour is the worlds second largest retailer. Retailing in
developed countries is big business and better organized. But the retail scenario
in India is different much of it is in unorganized sector. There are more than 12
million retail outlets of various sizes and formats. And almost 90% of them are less
than 500 sq. ft. in size and the per capita retail space is only 2 sq. ft. while US has
16 sq. ft.
India has the largest number of outlet in world i.e. 9 outlets for 1000 people.
Most of them are independent and contribute to the retail sales. Because of
increasing number of nuclear families, working women, greater work pressure and
greater commuting time, convenience has become a priority for Indian customers.
They ever want things under one roof for easy access and multiplicity of choice.
The growth and development of organized retailing is driven by two main factors-
prices and benefits the customer cant resist.
India is rapidly involving into a competitive market place with potential
target consumers in the niche middle class segments. The market trend indicates
tremendous growth opportunities. The buying behavior and lifestyle in India too
are changing and the concept of value for money is fast catching on in Indian
retailing. This is the evident from the expansion of the Pantaloons chain into
the large format, Big Bazaar. This growth in retail sector is making the retailers
powerful intermediates in the marketing channel, bridging the gap between
manufactures and consumers.
Keeping in mind the rapid growth of Indian retail industry and its bright
future, this has always been a thrust area for me. Big Bazaar is at the top position
in Indian retail industry. That is why it attracted me to have summer training (on
the job training) in Big Bazaar, Udaipur. Big Bazaar is the retail chain of Future
Retail (India) Ltd. And it provides a wide range of products availability for the
customers.
As a matter of fact, retail is the buzz word of the Indian economy today.
As retail industry is growing at a high pace I wanted to have an overview of
the subject. I have chosen Big Bazaar retail chain for the summer training (on
the job training) because Big Bazaar retail is very upcoming retail company
which is continuously changing its activities with the change of time. I wanted to
understand their marketing activities and liked to relate how similar or dissimilar it
is from what I have studied in marketing management.
To execute the project, I underwent on the job training at Big Bazaar,
Udaipur. The interaction with the Store Manager, Operational Manager and other
staff personnel was fruitful to me as it cleared many core concepts when it came to
practical application.
The main objective of the project was to get practical training of what we have
learnt theoretical in the classroom. In other words, it was to get practical exposure
of all the marketing skills and how to implement in the real situation.
The other objectives of the project were the following:
To look at the current trends in the Indian organized retail industry.
To understand the Big Bazaar organization as how systematically it is run by
the management personnel.
To know about the marketing activities of the Big Bazaar done round the
year.
To know the customer queries, comments and suggestions about the store
and its products.
To know about the promotional activities done at Big Bazaar to increase the
sales.
To get acquainted with the major issues in the Indian organized retail
industry.
In fact, the training was for the practical aspects of the management
skills and it was fruitful as the main objective of the project was fulfilled
satisfactorily. During the training period, I learnt about the store
organization and different activities performed by staff personnel. Big
Bazaar brings various schemes for the festival season and offers wide
product choice to the customers.
Chapter-2
Industry Profile
Retailing
The word retail is derived from the French word retailer, meaning to
cut a piece off or to break bulk. In simple terms, it implies a first-hand
transaction with the customer.
Retailing involvers a direct interface with the customer and the
coordination of business activities right from the concept or design stage of a
product or offering to its delivery and post-delivery service to the customer.
The industry has contributed to the economic growth of many countries and is
undoubtedly one of the fastest changing and dynamic industries in the world today.
Indian retail industry
The Indian retail industry is the fifth largest in the world. Comprising
of organized and unorganized sectors, India retail industry is one of the fastest
growing industries in India, especially over the last few years. Though initially,
the retail industry in India was mostly unorganized, however with the change of
tastes and preferences of the consumers, the industry is getting more popular these
days and getting organized as well. With growing market demand, the industry
is expected to grow at a pace of 25-30% annually. The India retail industry is
expected to grow from Rs. 35,000 crore in 2004-05 to Rs. 109,000 crore by the
year 2010.
The retail scenario in India is unique. Much of it is in the unorganized sector,
with over 12 million retail outlets of various sizes and formats. Almost 96% of
these retail outlets are less than 500 square feet in size, the per capital retail space
India being 2 squre feet compared to the US figure of 16 square feet Indias per
capital retailing space is thus the lowest in the world.
With more than 9 outlets per 1000 people, India has the largest number in the
world. Most of them are independent and contribute as much as 96% to total retail
sales. Because of the increasing number of the nuclear families, working women,
greater work pressure and increased commuting time, convenience has become a
priority for Indian consumers. They want everything under one roof for easy access
and multiplicity of choice. This offers an excellent opportunity for organized
retailers in the country which account for just 2% and modern stores 0.5% of the
estimated US Dollar 180 billion worth of goods that are retailed in India every
chain, Wal-Mart.
Growth of Indian retail industry
According to the 8th Annual Global Retail Development Index (GRDI)
of AT Kearney, India retail industry is the most promising emerging
market for investment. In 2007, the retail trade in India had a share of 8-10% in the
GDP (Gross Domestic Product) of the country. In 2009, it rose to 12%. It is also
expected to reach 22% by 2010.
According to a report by North bride Capita, the India retail industry is
expected to grow to US$ 700 billion by 2010. By the same time, the organized
sector will be 20% of the total market share. It can be mentioned here that,
the share of organized sector in 2007 was 7.5% of the total retail market.
India is rapidly evolving into a competitive marketplace with potential target
consumers in the niche and middle class segments. The market trends indicate
tremendous growth opportunities. Global majors too are showing a keen interest
in the Indian retail market. Over the years, international brands like marks and
spencer, Samsonite, Lacoste, McDonalds, Swarovski, Dominos among a host of
others have come into India through the franchise route following the relexation
of FDI (Foreign Direct Investment) restrictions. Large Indian companies- among
them the Tata, Goenka and the Piramal groups are investing heavily in this
industry.
Major Retailers in India
Pantaloon:
Pantaloon is one of the biggest retailers in India with more than 450 stores
across the country. Headquartered in Mumbai, it has more than 5 million sq. ft
retail space located across the country. It's growing at an enviable pace and is
expected to reach 30 million sq. ft by the year 2010. In 2001, Pantaloon launched
country's first hypermarket Big Bazaar. It has the following retail segments:
E-tailing: Futurebazaar.com
Shopping malls: the biggest form of retail in India, malls offers customers a
mix of all types of products and services including entertainment and food
under a single roof.
E-trailers: are retailers providing online buying and selling of products and
services.
Discount stores: these are factory outlets that give discount on the MRP.
Specialty stores: are retail chains dealing in specific categories and provide
deep assortment. Mumbai's Crossword Book Store and RPG's Music World
is a couple of examples.
Challenges facing Indian retail industry
Most Preferred Multi Brand Food & Beverage Chain - Big Bazaar
Images Fashion Forum 2009
Most Admired Food & Grocery Retail Visionary of the Year: Kishore Biyani
Most Admired Food & Grocery Retailer of the Year Supermarkets: Food
Bazaar
Most Admired Food & Grocery Retailer of the Year - Hypermarkets: Big
Bazaar
Most Admired Food & Grocery Retailer of the Year - Consumer's Choice:
Big Bazaar
The Coca-Cola Golden Spoon Awards 2008, were given away for the first time as
a culmination of the Food Forum India 2008 a two day convention, which saw
the participation of leading brands, retailers & retail support organizations from
across the globe. The awards were presented to honour enterprise, innovation and
achievement in the food retailing business as a benchmark of excellence.
The Reid & Taylor Awards For Retail Excellence 2008
The National Retail Federation is the worlds largest retail trade association
with over 1.4 million members in the US and across the world. Some of the
past winners of the award include Metro AG (Germany), Carrefour (France),
Zara (Spain), Boticario (Brazil) and Ito Yokado (Japan). The award was
presented at the Retails Big Show held in January 2007 in New York.
World Retail Congress Awards
Emerging Market Retailer of the Year 2007 Pantaloon Retail (India) Ltd
The inaugural World Retail Congress held in Barcelona, Spain in March 2007
attracted over one thousand retail professionals from over sixty countries.
The awards were decided by a multinational Grand Jury. Winners in other
categories included Inditex, Mall of Emirates, Marks & Spencer and IKEA.
Hewitt Best Employers 2007
Best Employers in India (Rank 14th) Pantaloon Retail (India) Ltd
The Readers Digest awards are based on surveys done among consumers
by independent research agency, Nielsen Media Research. This is the second
consecutive time Big Bazaar has won this award.
2006
Retail Asia Pacific Top 500 Awards
Asia Pacific Best of the Best Retailers Pantaloon Retail (India) Ltd
Best Retailer in India Pantaloon Retail (India) Ltd
The Images Retail Awards are decided through a nationwide consumer &
industry poll and nominations followed by performance assessment by team
of analysts and jury.
Readers Digest Awards
Platinum Trusted Brand Award - Big Bazaar
The Readers Digest awards are based on surveys done among consumers by
independent research agency, Nielsen Media Research.
CNBC Awaaz Consumer Awards
Most Preferred Large Food & Grocery Supermarket Big Bazaar