Big Bazaar As one of the pioneers in India retail with multiple retail formats, they unite a diverse and eager community of Indian buyers, sellers and enterprises. The combined impact on business is intense: Around 300 million customers to go into their stores each year, and select more than 30,000 small, medium and large business owners and manufacturers from all over India delivered products and services. This number is finally set to grow. You have 35,000 people from every area of our company is engaged. The supplies come from companies across the country, affect the creation of fresh employment, livelihoods, strengthen local communities and the promotion of mutual growth. Being the pioneers in India’s retail space, our formats are household names in more than 93 cities and 60 rural locations across the country • Their store operates around 17 million square feet of retail space and attracts around 300 million customers each year. USP remains the value for money propositions for the Indian customers. Operations Food Bazaar - Supermarket chain eZone - Electronics superstore HomeTown - Home improvement and building materials store Central - Seamless department store Planet Sports - Sportswear retailer Aadhar - Rural distribution chain KB’s Fairprice - Urban low-frills neighbourhood store Futurebazaar.com - Shopping portal New Big Bazaar Concept BIG BAZAAR DIRECT BBD invites people - every shop owner from the insurance agent - on its franchisees by paying a deposit of Rs 3 lakh to be. Tell your local pharmacy is a franchisee. At your appointment, the chemist is at home with a tablet. A list of Big Bazaar products, tenders has come on them You can see the offers and the chemist in your order on his t... ... middle of paper ... ...arket. Indians are accustomed to grocery stores near to your residence and limitations on the size and scope of the operation, a supermarket can potentially have. • Prices - In the UK, prices vary from store to store, but in India are the same prices on each and every business. • Work Timings - In Britain, corner shops stay open until late evening, where as the supermarkets closed relatively early depending on the location of the stores. In India, most of the shops stay open until 10.00 clock, and as traditional and modern grocery stores operate in the same industrial area not distinguish her last hours. • Service - But in India the traditional shops win hands down. Most of these traditional shops are family a business through the workers have a greater interest in and offers good service, as it will help to grow their business, while this is not the case in the UK.
A big box retailer is defined as a retail store that occupies an enormous amount of physical space and offers a variety of products to its customers. The term "big-box" is derived from the store's physical appearance. Located in large-scale buildings of more than 50,000 square feet, the store is usually plainly designed and often resembles a large box (Investopedia). Some of these stores, such as Wal-Mart, K-Mart and Target, provide consumers with a wide variety of goods. Others, deemed “cat...
Some 400,000 specialty retail stores operate in the US with combined annual sales of $350 billion
The company had to be the second largest retailer shop in the US; it has many advantages that come along. The customers well acknowledge the company and its brand have been well established.
Due to the various options of distribution channels their prices vary. Consumers take that into consideration when purchasing their products.
Another item to consider between the two stores is the quality of the products being offered.
Currently, we are operating through 20+ stores across cities in India. In addition to our offline retail business, we have our very online portal -www.theprimewatches.com. Our online platform has beenoperationalfor almost two years ago, mostly as a tool of marketing for luxury watches online when no other retailer in India had a strong web presence.No competitor has such a large number of stores and a website that attracts over 5000 people every day.
Introduction India is the world’s second most populated country with over 1.2 billion people. Since its independence from British rule in 1947, the country has been more or less a stable democracy. Until 1991, Indian governments imposed economic austerity and its markets were comparatively closed to the world. Economic reforms in 1991 brought about a change which made India an attractive and huge market for multinational corporations from all over the world (Joshi 8). Retail industry within a globalized world is one of the most thriving and profitable sectors.
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space.
2. Organized Retail: The emergence of organized retail have lead to more variety with ease in browsing, opportunity to compare with different products in a category, one stop destination (entertainment, food and shopping) etc, which is playing an important role in bringing boom in the Indian FMCG market. Currently the modern trade is capturing 5% of the total retail space, which will increase to 10% and 25% in 2010 and 2025 respectively. Also, as the credit card and organized retail trend picks up, people won’t think much while buying and buy more.
A good location can have a significant impact in attracting potential customers, thus improving sales. Especially in the case of a supermarket, location is more important than other business sector. Customers never drive long distances to only buy daily necessities. Moreover, favorable location gives efficiency to company’s logistics because unnecessary moving cost can be cut down. So, we can say that it is important factor for the successful operation of the supermarket.
The concept of grocery stores and supermarkets industry is an idea that has been created in order to make easier human`s life. According to the study “The Evolution of the Supermarket Industry From A&P to Wal-Mart” by Ellickson, who explains that a century ago people had to jump from one store to another store in order to get different products such as milk, meat, bread and other products. In addition, in the article “Understanding Groceries Industry” by The Reinvestment Fund, they state that back in a day the concept of grocery stores was created based on the owner`s store needs. Later on, as the development of the society and the standards of customer needs increased, the owners of the grocery stores started to be more focused on their customer needs. Also, the study of “Understanding Groceries Industry” shows that the supermarket and grocery stores industry is in their mature stage as they have developed an extensive and solid customer service.
Here, visual merchandising will be a beneficial tool in defining the exclusive identity of the brand and thereby increasing the sales and their market value. It is the appropriate time that the Indian retail industry understands and adopts the beneficial traits visual merchandising rather than the traditional practices of display of products and communication via sales personnel. The customers are trends aware and the stores on the other hand have managed to up the glamour quotient. Only a link of brand communication between the brand products and shoppers remains missing. (Pundir, 2007)
It is one of the largest hypermarket chains in the world, the second largest retail group in the world in terms of revenue, and the third in profit.
No longer just a place to buy food, the supermarket has become a place to cash a check, buy a birthday card, or pick up some tulip bulbs. These new extras are all centered on the idea of convenience. We all hope to find a few extra moments in our days, so supermarkets offer us a way to save time. I'll be the first to admit that buying three things at the same store is nicer than driving across town. Saving time can definitely be a good thing.
Metro Holdings Ltd is a multi-national company that operates two major business segments, namely Property Development and Investment, and Retail. This report explores the retail arm of Metro, which manages three department stores and four specialty “accessorize” stores in Singapore, and another five department stores in Jakarta and Bandung, Indonesia.