Escolar Documentos
Profissional Documentos
Cultura Documentos
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TABLE OF CONTENTS
S.No
TOPIC
PAGE NUMBER
Project Brief
2.1
Research methodology
2.2
Research Design
10
14
3.1
19
23
4.1
24
4.2
29
30
5.1
31
32
Statistical Analysis
35
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Ready-to-wear
Tailor-made
Men
63%
37%
Women
79%
21%
Kids
88%
12%
Total
73%
27%
Within the readymade segment there are branded as well as unbranded players.
The branded segment is one wherein manufacturer or marketer makes a
conscious effort to promote the brand name of the offering through advertising and
other means.
Proportion of branded in different categories
Proportion of branded in different categories
Category
Share of Branded
Share of Unbranded
Men
33%
67%
Women
22%
78%
Kids
10%
90%
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Branded wear accounts for more than 21% of the of the apparel industry and is
growing at a rate of 12-15 per cent per annum. The demand increase, fuelled by
the fast growth in retailing and rising incomes, is expected to increase the present
share of branded apparel in the total apparel market of Rs 88,340 crore, from 1012 per cent to around 20 per cent over the next five years.
The menswear segment has got the largest number of apparel brands, followed by
kidswear. As against this, the branded womenswear segment - both ethnic and
western - has a lot of untapped potential. According to KSA Technopak study The
branded apparel market represents the largest source of growth. The mens
branded apparel market is growing at a rate of 21.8% and branded womens
apparel segment is growing at an incredible 23% annually.
Indian Apparel Retail Scenario
AT Kearney has estimated Indias total retail market at Rs 7974.3 billion which is
expected to grow at a compounded 30 percent over the next five years. With the
organized retail segment at Rs 560 billion and growing at the rate of 25-30 per cent
per annum with revenues from the sector expected to triple from the current Rs
303.1 billion to Rs 944.6 billion by 2010. Apparel has the largest share of the
modern organized retail in India i.e. 20% of the current market; Rs 112 billion.
One of the biggest beneficiary of this retail revolution has been the apparel
retailing, which was once strictly a made-to-order business. The evolution of retail
channels is being driven by the changing preferences of the Indian consumer
whose awareness level of fashion trends, disposable income and consumerism are
all high. The growth in the branded wear category can be attributed to the fast
paced changes in the retail scenario. Fuelled by the fast growth in retailing and
raising incomes, demand for branded apparel is growing as it is pushing brand
visibility,
brand
awareness
and
brand
availability.
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2. PROJECT BRIEF
The project aims at a pre launch market research of mens sweaters for the
purpose of understanding the category in terms of product, price and gauge
consumer preferences and expectations for suggesting a range for John Players.
Indian winterwear market size stands at over Rs 3,46,500 million in 2006-07
across all categories and segments which is 34.2% of the total apparel market
Children
17%
Men
54%
Women
29%
22%
37%
5%
6%
4%
6%
4%
16%
Coats/Jackets
Sweaters
Cardigans
Shawls/stoles
Skirts/trousers
Warm Ethnicwear
Wollen suits
Thermals
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2.1 Methodology
Exploratory Research:
It is concerned with discovering the general nature of the problem and the
variables that relate to it. It is characterized by a high degree of flexibility, and
tends to rely on secondary data, convenience or judgment samples, small scale
surveys.
Diagnose a situation
Screening of alternatives
Discover new ideas
Descriptive Research:
It is focused on the accurate description of the variables in the problem model. eg
Consumer profile studies , product usage studies , attitude surveys.
This Research was a mix of Exploratory and Descriptive research, as I needed to
investigate the generalities associated with introducing a new category/product, to
evaluate consumer attitude towards it and study the current product usage patterns
and consumer expectations
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Sampling
Sampling methods are classified as either probability or nonprobability.
- In probability samples, each member of the population has a known non-zero
probability of being selected. Probability methods include random sampling,
systematic sampling, and stratified sampling.
-In non probability sampling, members are selected from the population in some
nonrandom manner. These include convenience sampling, judgment sampling,
quota sampling, and snowball sampling.
The advantage of probability sampling is that sampling error can be calculated.
Sampling error is the degree to which a sample might differ from the population.
When inferring to the population, results are reported plus or minus the sampling
error. In no probability sampling, the degree to which the sample differs from the
population remains unknown.
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Sampling Methods
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3. MARKET SCAN
Objective of the Market scan
To study the market offering of sweaters for winter 07
Sub Objectives
Understanding mens sweaters as a category
Understanding competition in the branded sweater market
Methodology
Store visits
Observation
Informal interviews with the store staff
Attributes covered under the market scan
Cannaught Place
Greater Kailash I
South Extension
Basant Lok
Select City Walk, Saket
Ambience Mall, Gurgaon
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Brands covered
Economy
Koutons
Cantabil
Numero Uno
Pantaloons private labels-RIG, Bare Denim, John Miller Sport
Peter England
Middle segment
Levis
Pepe
Lee
Indian Terrain
Freelook
Premium segment
Allen Solly
Colorplus
Arrow
This segmentation of the brands into economy, middle and premium has been
done on the basis of price points for this category only and does not generalize
for other products/categories
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ECONOMY SEGMENT
BRAND
STYLE/DESIGN
FABRIC/BLEND SIZES
Koutons
M(38)-XL (42)
High neck, front
zipper
Round neck striped
half
1599-1999
acrylic
1599
acrylic
1899
acrylic
1999
1999
Cantabil
38-44
High round
front buttons
neck
899-1999
with
1999
V
neck
checkered
textured pattern knit
1899
1999
Numero Uno
S- XXL
Cotton
pattern
Knits,
cable
1099-1399
cotton
1099
Acro wool
1199
Lamb Wool
1399
Pantaloons
RIG,
Bare
Denim, JM
Sport
S (36)-XL (44)
Acrylic
Vests (549699)
Sweaters
(1099-1300)
1099
Acrylic
1099
acrylic
549
acrylic
699
Peter
England
( elements)
MRP
high
neck
Acrylic
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M(39)XXL(44)
849-1199
MIDDLE SEGMENT
BRAND
STYLE/DESIGN
FABRIC/BLEND
Levis
Lamb wool
neck
SIZES
MRP
M (40)- XL (44)
1599-1899
Round
1599
front
1899
1799
Round neck
zipper
M (38)- XL (4244)
Checkered sleeveless
vest
Front button, long
sleeves hoody
Checked
pattern,
round
neck
long
sleeves
V neck long sleeves
textured, patched and
emroidered
Lamb wool
1399
1399
Shetland wool
1699
Lamb wool
1699
Freelook
M (38)-XXL(44)
V neck cable pattern
long sleeves
High neck front open
zippered
V
neck
diamond
patterned
long
sleeves
1399-1899
1299-1899
1299
1299
wool
1899
Wool
999
V neck solid
sleeves formal
Wool
1299
Indian
Terrain
long
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PREMIUM SEGMENT
BRAND
STYLE/DESIGN FABRIC/BLEND
Allen Solly
SIZES
MRP
M (39)- XXL
1299-4999
V neck solid
Round neck, long
sleeves striped
cotton
acrylic
1299
1499
2999
2999
V neck solid
cashmere
4999
1350-6994
Colorplus
S-XXL
V
neck
long
sleeves
High neck zipper
long sleeves
Machine
washable
merino wool
cashmere
2187
2260
Arrow
6994
S (38)- XXL (46)
1490-2900
mohair
1490
Machine
washable
merino wool
Acro wool
2465
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1695
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DESIGN
The argyle was everywhere from Levis, Lee, UCB, Freelook to Monte
Carlo
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In casuals, brands like Lee, Levis, Pepe, Numero Uno, Pantaloons, had
detailing and branding in terms of patches, embroidery and print
Cables
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Jacquard
Most popular sizes according to sales staff on stores were 38,39 and 40
Accessories: woolen and acrylic caps, berets and mufflers were done by
brands like UCB, Lee, USI
VISUAL MERCHANDISING
Sweaters are mostly stacked on the basis of color blocking or displayed on
busts and mannequins but rarely hung as wool tends to lose shape
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4. CONSUMER SURVEY
Objective of the Consumer survey
Understand consumer needs and identify gaps in market offerings
Sub Objectives
Profile the target customer- age and economic segmentation
Consumer perception of John Players as a brand
Consumer buying behavior for sweaters-brand loyalty vis avis fashion/trend
Attribute preferences that influence sweater purchase
Amount spent on sweater purchase and willingness to spend
Styles preferred by consumers for sweaters
Consumer satisfaction with the current market offering
Assessing brand consciousness of consumers
Frequency of purchase and purchase occasion comparison across brands
Sample Design
SAMPLING UNIT catchments include John Players stores in Delhi/NCR
and Chandigarh and University campuses to get responses from target
group
SAMPLING TECHNIQUE Non-probability sampling was resorted to and
the methods used is Convenience sampling and Judgment sampling.
SAMPLE SIZE 125 respondents
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AGE SEGMENTATION
AGE BRACKETS (in years)
18-23
24-29
30-35
36-40
>41
% of RESPONDENTS
33
42
14
5
6
OCCUPATION
OCCUPATION
Students
Service
Self employed
Professionals
% of RESPONDENTS
28
21
14
37
ECONOMIC SEGMENTATION
Monthly household income
15000-25000
25000-50000
50000-75000
>100000
% of RESPONDENTS
27
42
22
9
The age group of 18-29 years formed 75% of the customers surveyed
Maximum chunk of John Players customers consisted of professionals and
students in the age group of 18-29 constituting nearly 65% of the sample
taken
The maximum respondents came from Middle and upper middle class
families with monthly household incomes ranging between 25,000-50,000
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% Respondents
33
28
39
This result reveals a characteristic of John Players consumers i.e. Trendy fashion
with a brand name hence most consumers get influenced by the brand name while
buying sweaters.
MOST PREFFERED ATTRIBUTE WHILE PURCHASING SWEATERS
Attribute
Price
Fabric
Comfort
Fit/pattern
Design/style
RANK
5
4
1
3
2
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% RESPONDENTS
18
55
18
9
The highest percentage of consumers want to spend less than 1500 on a single
sweater purchase which indicates that value for money is an important factor.
STYLE PREFERENCE
MRP RANGE (in rupees)
V neck
Round neck
Front zipper
V neck cardigan
Chest zipper with collar
Collar and front button placket
% RESPONDENTS
37
32
18
9
3
2
Basic styles like regular V necks and round necks are the most preferred styles by
the consumers
NUMBER OF RESPONDENTS
54
28
19
24
Since sweater is a seasonal and need based garment item, people are not very
particular about the brands. The main focus is comfort backed by patter/fit.
However, given a open choice , Monte Carlo tops the list on top of mind brand
recall.
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WEIGHTED SCORE
141
244
168
223
74
37
166
For assessing the which brand is bought the most the consumers were faced with
choices of John Players competitor brands which comprised of brands that offer a
mix of all genres i.e. Casual, Party and formal/work.
The consumers were asked to reveal their frequency of purchase depending on
whether they once, seldom, often, regularly, or never bought the brand.
Maximum weight given to regular -4
Minimum weight given to never 0
Thus, the combined weighted score of this revealed that Levis is the most
preferred brand followed by UCB, Koutons, Lee and Peter England
Casual
4
45
35
30
4
3
16
NUMBER OF RESPONDENTS
Party
Office
3
33
9
2
23
11
11
1
2
17
3
8
3
13
Maximum number of responses were for casual followed by Office and party
clearly stating that sweaters is considered mostly casual wear by the JP
consumers
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RESPONDENTS
27
26
17
14
15
8
5
2
4
2
2
3
Customers like John Players for price and style/design with nearly 50% people
citing these as the reasons why they like JP.
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4.2 FINDINGS
John Players customers are mostly young, identify with the image and
follow trends
Consumers look for comfort while buying sweaters and since most
customers are not aware of the fabric/blends, warmth, comfort and hand
feel are taken as signs of quality
Customers do not distinguish between cotton flat knits and woolen
sweaters hence many people buy brands like Reebok, Adidas and Octave
Though mostly customers are satisfied with the branded sweaters available
in the market, they are price conscious when enquired about their
willingness to spend
The category is dominated by only sweater brands like Monte Carlo,
Pringle and Casablanca and consumers bank upon these for
quality,
designs and comfort and the Top of mind recall awareness is highest there
CONCLUSION
Brand pull and fashion/trend are important factors for customers while
buying sweaters. So a range providing for both work and non work keeping
in mind the trend is required
Not much is available in the market for party in sweaters. Few brands like
Van Huesen and Provogue offer party line. This market gap can be catered
to
Customers want a deal hence they want comfort and trendy fashion at
affordable prices as most of them do not want to spend beyond 1500 on a
single purchase
Customers like John Players for price and style/design with nearly 50%
people citing these as the reasons why they like JP. Hence, these need to
be emphasized in the sweater range for A/W 08-09
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1195-1295
100% acrylic,
70% acrylic 30% wool
80% lambs wool 20% nylon
695-795
1495-1695
1395-1495
1295-1395
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MATERIALS
Soft fluffy wools, mohair, cashmere, velvety cashmere textures, wool-silk blends,
light weight thick yarns, velvet, chenille, fake fur, colored fleece, soft cotton jerseys.
Baby and royal alpaca, super kid mohair, cashmere,
fine merino wools.
Cotton jerseys, fleece, felted knits, padded and quilted knits, cotton mix silks, new
developments in cross-dying in order to create different nuances, open work stitch
and lace, silver colored metals and treads.
PATTERNS
Classic wool with micro patterns, natural fibers with original type cables, inventive
varieties in cables and ribs, all kind of checks from mini to tartans, herringbone,
hounds tooth, birds eye, Prince of Wales, Argyle, refined fill fills, new
combinations in weaving techniques (lurex with Shetland), overprinting,
embroidered details
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Hypothesis
H0:
H1:
1 = 2 = 3 = 4 = 5 = 6
i j for at least one pair i, j
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Correlation
coefficient
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