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MANEGEMENT
Retailing
In some parts of the world, the retail business is still dominated by small
family-run stores, but this market is increasingly being taken over by large
retail chains.
• Food products
• Soft goods - clothing, apparel, and other fabrics.
• Hard goods ("hardline retailers") - appliances, electronics, furniture,
sporting goods, etc.
There are the following types of retailers by marketing strategy:
Some stores take a no frills approach, while others are "mid-range" or "high
end", depending on what income level they target.
Some shops sell second-hand goods. In the case of a nonprofit shop, the
public donates goods to the shop to be sold. In give-away shops goods can be
taken for free.
Another form is the pawnshop, in which goods are sold that were used as
collateral for loans. There are also "consignment" shops, which are where a
person can place an item in a store and if it sells, the person gives the shop
owner a percentage of the sale price. The advantage of selling an item this
way is that the established shop gives the item exposure to more potential
buyers.
Retail Sales
The Retail Sales report is published every month. It's a measure of the
consumer spending, an important indicator of the US GDP. Retail firms
provide data on dollar value of their retail sales and inventories. 12000 firms
in the final survey and 5000 in the advanced one. The advanced estimated
data is based on a sub sample from the US CB complete retail & food
services sample.
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one
of India’s leading business houses with multiple businesses spanning across
the consumption space.
While retail forms the core business activity of Future Group, group
subsidiaries are present in consumer finance, capital, insurance, leisure and
entertainment, brand development, retail real estate development, retail
media and logistics.
Led by its flagship enterprise, Pantaloon Retail, the group operates over 16
million square feet of retail space in 73 cities and towns and 65 rural
locations across India. Headquartered in Mumbai (Bombay), Pantaloon Retail
employs around 30,000 people and is listed on the Indian stock exchanges.
In 2008, Big Bazaar opened its 100th store, marking the fastest ever
organic expansion of a hypermarket. The first set of Big Bazaar stores
opened in 2001 in Kolkata, Hyderabad and Bangalore.
Galaxy leading leisure chains, Sports Bar and Bowling Co. and family
entertainment centres, F123. Through its partner company, Blue Foods the
group operates around 100 restaurants and food courts through brands like
Bombay Blues, Spaghetti Kitchen, Noodle Bar, The Spoon, Copper Chimney
and Gelato.
Future Group is India’s largest retailer[1] and one of the leading business
houses with a strong presence in retail. Its founder and Group CEO is Mr.
Kishore Biyani.
• FutureBazaar (www.futurebazaar.com)
• Future Brands (www.futurebrands.co.in)
• Future Group (www.futuregroup.in)
• Future Capital Holdings (www.fch.in)
• Future Generali (www.futuregenerali.in)
• Future Learning & Development (www.fldl.in)
• Future Supply Chain Solutions (www.futuresupplychains.com)
• Future Media (www.futuremedia.in)
CEO of Future Group
Mr Kishore Biyani
Kishore Biyani, the founder of Future Group, to spot new
revenue streams before anybody else.
“Most hotels in the country are designed for business travellers — white-
collar workers whose travel expenses are taken care of by their companies,”
says Biyani. “We want to cater to the self-employed who travel to different
places but are very careful about the money they spend.
We will set up hotels in Indian style where people can get indigenous food.”
The first such hotel is expected to come up in Raipur within the next six
months. Biyani will set up a new company to manage the hotels.
The fund is not a part of the foray this time. “The fund has nothing to do
with our new hotel plans. We will do it separately,’’ Biyani says.
Besides hotels, Biyani has set his eyes firmly on education. Future Group,
which already has a venture called Future Learning & Development, now plans
to set up training schools.
The first will come up in Mumbai’s outskirts. “We feel there is a need for
real education — a new way of learning, something akin to what is propagated
in 3 Idiots. Somebody has to initiate such learning; we thought we will do it,’’
Biyani says. The group will start three or four training schools in the next
six to eight months.
This is not the first time Biyani has come up with a business model that
targets India’s large middle class.
Its hyper-store chain Big Bazaar, ethnic-wear chain Ethnicity, gold and
jewellery brand Navaras, and no-frills store chain KB’s FairPrice are all
targeted at the mid-income section of buyers. “Why should we blindly follow
western formats and concepts? We should find Indian solutions for our
consumers,’’ Biyani often says.
But Biyani, who says he has become a “realist” after the slowdown, is also
known for pulling out of ventures that do not work out.
He ended ventures with Italian brands Replay and Etam, and also pulled out
from the airport retail joint venture with the UK’s Alpha group. He also
scaled down expansion plans to save cash during the slowdown.
Industry analysts, however, point out that the hotel business bears little
similarity to the retail business.
The group currently operates around 1,000 stores spread over 16 million
square feet of retail space. Present in the value and lifestyle segments, the
group’s retail formats cater to almost the entire consumption expenditure of
a wide cross-section of Indian consumers.
Led by Pantaloon Retail, the group’s flagship company, the group manages
some of India’s most popular retail chains like Pantaloons - a chain of fashion
destinations, Big Bazaar - a uniquely Indian hypermarket chain, Food Bazaar
- a supermarket chain that blends the look, touch and feel of Indian bazaars
with aspects of modern retail like choice, convenience and quality and
Central - a chain of seamless destination malls.
Some of its other formats include Ethnicity - India's first concept store,
which recreates the experience of a traditional ethnic market in a modern
retail format, Brand Factory, Planet Sports, aLL, Top 10 and Star and Sitara.
The group also operates India’s most popular online shopping portal
www.futurebazaar.com.
The group also operates India’s leading rural retailing chain, Aadhaar that is
present in over 65 locations in rural India. Aadhaar, an agri-service cum rural
retail initiative, provides a complete solution provider for the Indian farmer.
Pantaloon Retail (India) Limited
Pantaloon Retail (India) Limited, is a large Indian retailer, which is part of
the Future Group, and operates multiple retail formats in both the value and
lifestyle segment of the Indian consumer market. Headquartered in Mumbai,
the company has over 1,000 stores across 71 cities in India and employs over
30,000 people [1], and as of 2010, it was the country's largest listed retailer
by market capitalization and revenue [2].
With effect from 1 January 2010 the company separated its discount store
business, which includes the Big Bazaar hypermarket and the Food Bazaar
supermarket businesses, into Future Value Retail Ltd., its wholly-owned
subsidiary, so that the company may be listed independently [2][3].
The company is present across several lines of business which have various
formats (stores) lywood, The Dollar Store (JV)
• Fashion - Pantaloons, Central, aLL, Brand Factory, Blue Sky, Top 10,
Fashion Station, Big Bazaar, Lee Cooper (JV)
• General Merchandise - Big Bazaar, Shoe Factory, Navras, Electronics
Bazaar, Furniture Bazaar, KB'S FAIR PRICE
• Electronics - eZone, Electronic Bazzaar, STAPLES (JV)
• Home Improvement - Home Town
• Furniture - Collection i, Furniture Bazaar, Home Bazaar
• E-tailing (Online Shopping) - www.futurebazaar.com
• Books & Music - Depot
• Leisure & Entertainment - Bowling Co., F123
• Wellness - Star & Sitara, Tulsi
• Telecom & IT - Gen M, M Bazaar, M-Port, ConvergeM, Future Axiom
• Consumer Durables - Koryo, Sensei, IPAQ
• Service - E Care, H Care , Design & Service
• Malls - Central (Bangalore, Hyderabad, Pune, Mumbai, Vadodara,
Gurgaon, Indore, Ahmedabad)
• Investment & Savings - Insurance: ULIP, Pension, Endowment etc.
Stock Information
Company Timeline
Big Bazaar, is the chain of retail stores of the big banner Pantaloon Retail
(India) Ltd., which in turn is a segment of Kishore Biyani, regulated Future
Group of Companies.
Big Bazar has no doubt made a big name in the retail industry of india,
moreover shopping here is further made a memorable experience with the
varied rates of discounts on products as well as discount vouchers available
in a variety of amounts, like INR 2000, INR 3000, INR 4000, INR 5000 and
INR 10000 on all Big Bazar products and accessories.
The variety of product range in Big Bazar: This large format store comprise
of almost everything required by people from different income groups. It
varies from clothing and accessories for all genders like men, women and
children, playthings, stationary and toys, footwear, plastics, home utility
products,cosmetics, crockery,home textiles, luggage gift items, other
novelties, and also food products and grocery.
The added advantage for the customers shopping in Big Bazar is that there
are all time discounts and promotional offers going on in the Big Bazar on its
salable products.
The Big Bazaar market at Hiland Park, Kolkata.
The significant features of Big Bazar: Shopping in the Big Bazar is a great
experience as one can find almost everything under the same roof. It has
different features which caters all the needs of the shoppers.
The following are few of the sections at Big Bazar: 1. Books 2. Cameras 3.
Computers & Peripherals 4. Electronics 5. Gift Vouchers 6. Health and
Fitness 7. Home & Kitchen 8. Jewelery 9. Memory & Storage 10. Mobiles &
Phones 11. Movies & Videos 12. Watches 13. Women’s wear 14. Men’s wear 15.
Children’s wear 16. Others
Food Bazaar
Ab Ghar Chalaana Kitna Aasaan
Food Bazaar invites you for a shopping experience, unique by its ambience.
At Food Bazaar you will find a hitherto unseen blend of a typical Indian
Bazaar and International supermarket atmosphere.
The best of everything offered with a seal of freshness and purity will
definitely make your final buying decision a lot easier.
Pantaloons
Celebrate the Fresh Look, Fresh Feel & Fresh
Attitude at Pantaloons Fresh Fashion !
An idea that has captured the imagination of young India. With a focus on
the youth of today, Pantaloons offers trendy and hip fashion that defines
the hopes and aspirations of this demography.
All Pantaloons stores reflect the new ideology -- Fresh Feeling, Fresh
Attitude, Fresh Fashion. The stores offer fresh collections and are visually
stimulating thanks to appealing interiors and attractive product display!
The first Pantaloons was opened in Gariahat in 1997. Over the years, it has
undergone several transitions. When it was first launched, this store mostly
sold external brands.
Today, the fashion store extends to almost all the major cities across the
country. Pantaloons has established its presence with stores not just in the
metros, but also in smaller towns.
Pantaloons Fresh Fashion stores have presence with stores not just in
Metros but also in smaller towns. All stores have a wide variety of
categories like casual wear, ethnic wear, formalwear, party wear and
sportswear for Men, Women and Kids.
Celio
Founded in 1978, by Marc and Laurent Grossman, today Celio is a market leader in
men's ready to wear clothing in France. Its flag ship store, located in Paris’s Champs
Elysee, is spread over three levels.
In addition it also has a presence in Europe, Russia, UAE, Singapore and now in India
through a joint venture with the Future Group.
Seduction:
The Celio style means quality, a variety of colours and cuts, sophistication
and discretion.
Openness:
A strong value that encompasses respect for others, well being, manners,
altruism, sharing and dialogue.
Generosity:
Service:
Celio supports men, helps them to find direction and gives them the keys
to fashion.
Core Target Audience
Typically a 30 year old guy who works and lives in the city. He buys
clothes because he’s fashion-conscious, without being a slave to fashion.
He enjoys nice clothes because he likes to be comfortable and look
appealing.
Product
The brand is retailed through exclusive brand outlets (EBOs) and select
stores of Pantaloons and Central.
Planet Sports
India's largest multi-brand sports and lifestyle speciality retail chain,
Planet Sports offers the largest collection of International sports and
lifestyle brands. Planet Sports stores have extensive offerings for
sportswear and equipment across all categories including running,
tennis, training, golf, fitness, basketball, motor sports as well as other
lifestyle products.
Planet Sports prides itself for the sports expertise it has built over
time and also for having introduced renowned brands across sports
categories like swimming, tennis, squash, badminton, soccer, golf and
basketball. Its brand portfolio includes leading sports brands like
Converse, Speedo, Wilson, Prince, Callaway, Spalding, Airwalk, Adidas,
Puma, Nike and Reebok.
Brand Factory promises its customers that value shopping is not about
seconds’ experience, it’s not about a garage sale environment and it’s not
about buying cheap. Instead, it’s all about an amazing experience of‘Buying
Smart’.
The thought behind Brand Factory is to raise the bar of expectation and
experience when it comes to ‘Brand + Bargain Shopping’. Over the years
Factory Outlets have become distinct shopping destinations with distinct
audiences. With fashion cycles reducing, larger quantities of stocks are
reaching factory outlets. But then what gets compromised in the process
is the brand and its image.
The stores offers a wide range of products including apparels for men
and women; infant wear; accessories; cosmetics; footwear; sportswear,
luggage; home linen and much more.
Founded in 1908 by Morris Cooper, Lee Cooper is one of the original denim
brands in the world today. Since inception, Lee Cooper has been at the
forefront of British and European fashion for decades leading trends,
developing innovations and driving youth culture. Already distinguished
from its American counterparts as ‘the Great British and Original
European Jeans’ brand, Lee Cooper is now in India, as Lee Cooper India
Ltd.
• Blue Diamond: An exclusive casual line for men and women for the
Indian market.
• Lee Coopers Juniors: For boys and girls between 4-14 years.
In India, the company also markets Lee Cooper sunglasses and eyewear.
Over a period of 100 years, Lee Cooper has established a cult following
amongst people from all spheres of life. Shoppers can get a glimpse of
Lee Cooper’s much revered past at their exclusive stores, which showcase
the magical and nostalgic moments of the journey of the brand, right
from its inception till date.
Home Town
• Furniture
• Bath and Sanitary Ware
• Modular Kitchens
• Paints and Wallpaper
• Tiles and Wooden Flooring
• Carpentry and Hardware
• Electricals and Decor Lighting
• Electronics
• Furnishings and Accessories
The format also offers a one of its kind Design and Build service,
which encompasses experienced designers who help design the home,
and a team of skilled technicians for services like carpentry, flooring
and tile installation, plumbing, sanitary ware installation, painting and
wall paper, electrical fittings and much more. Design and Build is
flexible, transparent and easy on the pocket.
ezone
EXPERIENCE ELECTRONICS
The Liberation Zone offers personal products like computers, laptops, handy
cams, MP 3 players and mobile phones. While entertainment products such as
Plasma / LCD, Flat TV’s, Home Theatre systems, DVD players, and Stereo
systems are displayed in the Experience Zone. And in the Home
Zonesegment, one gets to pick electronic goods of his or her choice including
Refrigerators, Air Conditioners, washing machines and Microwave ovens
among other kitchen related appliances.
eZone is not only about showcasing electronics products and gadgets, but
providing you with a complete shopping experience through touch & feel,
allowing you to pick and choose from an array of best of brands under one
roof. eZones are primarily stand alone concepts, but are also present within
the Central malls.
Having pioneered the retailing business in India, PRIL has now decided to
revolutionize the consumer e-commerce business in India. It intends to
provide customers with a streamlined, efficient and world class
personalized shopping experience, which will be supported with the best
technology platform.
We are proud to inform you that Future Bazaar has been named as
the Best Indian Website 2007 in theShopping category by PC World.
Future Bazaar won the top spot after beating other established players
like Rediff, Indiatimes, Sify, ebay, Indiaplaza, Chennai Bazaar and India
Mall. The award was presented to Future Bazaar for its "decent, no-
nonsense approach, while providing a good shopping experience".
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