Pantaloon PROJECT
Pantaloon PROJECT
Pantaloon PROJECT
2013
Chapter I:
INTRODUCTION
Page 1
2013
2. How many the factors like the distance of the store from consumers house affect
the decision of a customer choosing to visit Pantaloons.
3. Does the availability of goods and variety of goods attract customers towards
Pantaloon
4. Measure the extent to which customers find discount and other offers at Pantaloon
more exciting and attractive than those provided by other retail outlets.
Page 2
2013
Page 3
2013
and operates multiple retail formats in both the value and lifestyle segment of the Indian
consumer market .With effect Jan. 1, 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.
The companys brands include Pantaloons, a chain of fashion outlets, Big Bazaar,
a hypermarket chain and Food Bazaar, a supermarket chain. Some of the company's other
regional brands include, Depot, Shoe Factory, Brand Factory, Blue Sky, aLL, Top 10 and
Star and Sitara.
A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a
large-format home solutions store, Collection i, selling home furniture products and EZone focused on catering to the consumer electronics segment.
The first Pantaloon 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.
Gradually, it started retailing a mix of external brands while at the same time introduced
its own private brands. Initially positioned as a family store, it finally veered towards
becoming a fashion store with an emphasis on 'youth' and clear focus on fresh fashion.
Today, the fashion store extends to almost all the major cities across the
country. Pantaloons have established its presence with stores not just in the metros, but
also in smaller towns. Pantaloons stores have a wide variety of categories like casual
wear, ethnic wear, formalwear, party wear and sportswear for Men, Women and Kids.
It includes different varieties Bare Denim, Umm, John Miller, Provogue, Spyker, Agile,
Rig, Lee Cooper, Anabelle, Honey, Jealous21, aLL, Urban Yoga.
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.
Page 4
2013
Pantaloon Retail (India) Limited, is Indias leading retailer that operates multiple retail
formats in both the value and lifestyle segment of the Indian consumer marker.
Headquartered in Mumbai (Bombay), the company operates over 16 million square feet
of retail space, has over 1000 stores across 95 cities in India and employs over 35,000
people.
The companys leading formats include Pantaloons, a chain of fashion outlets, Big
Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, 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, Depot, Shoe Factory, Brand Factory, Blue Sky, Fashion Station,
aLL, Top 10, mBazaar and Star and Sitara. The company also operates an online portal,
futurebazaar.com.
A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a
large-format home solutions store, Collection i.e. selling home furniture products and EZone focused on catering to the consumer electronics segment.
Pantaloon Retail is the flagship company of Future Group, a business group catering to
the entire Indian consumption space
Page 5
2013
RETAILING IN INDIA
Comments: It has been analysis that the Indian Retailing Market had developed a lot
since the year 1992. It has also been predicted that the Retail Market position of India
will further develop a lot and will cross the 500 billion dollar mark within short period of
time
Page 6
2013
'FRESH FASHION'- An idea that has captured the imagination of young India is the tag
line of Pantaloons. With a focus on the youth of today, Pantaloons offers trendy and hip
fashion that defines the hopes and aspirations of this demography.
Pantaloons Fresh Fashion stands out as a fashion trendsetter, on the lines of how fashion
is followed internationally. All Pantaloons stores reflect the new ideology -- Fresh
Feeling, Fresh Attitude, And Fresh Fashion. The stores offer fresh collections and are
visually stimulating thanks to appealing interiors and attractive product displays!
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.
Gradually, it started retailing a mix of external brands while at the same time introduced
its own private brands. Initially positioned as a family store, it finally veered towards
becoming a fashion store with an emphasis on youth and clear focus on fresh fashion.
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 stores have a wide variety of categories like casual wear,
ethnic wear, formalwear, party wear and sportswear for Men, Women and Kids,
watches and sunglasses, footwear, handbags, perfumes, cosmetics and fashion
accessories. The store has now gone for the online shopping portal, the portal helps the
customers to shop online as well as locate the nearest store.
Page 7
2013
Nature of Business
Retailing is going through a transition phase in India. The retail trade sector comprises of
establishments engaged in retailing merchandise, generally without transformation, and
rendering services incidental to the sale of merchandise. Retailing process is the final step
in the distribution of merchandise. The corner grocery store, which was the only choice
available to the consumer, is now giving way to international formats of retailing. There
had been a boom in retail trade in India owing to a gradual increase in the disposable
incomes of the middle class households. More and more players were coming into retail
business to introduce new formats like malls, supermarkets, discount stores, department
stores and traditional looks of bookstores, chemist shops, and furnishing stores.
The traditional food and grocery segment has seen the emergence of supermarkets or
grocery chains (Food World, Big Bazaar, Apna Bazaar, Vishal Mega Mart, Spencers,
and Pantaloon), convenience stores (HP Speed mart) and fast-food chains (McDonalds,
Dominos, Pizza Hut, Kfc, Papa Johns etc).
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 95 cities in India and employs over 35,000 people, and as of 2012, it was the
country's largest listed retailer by market capitalization and revenue.
Page 8
2013
Companys vision:
Future Group shall deliver Everything, Everywhere, Every time for Every
Indian Consumer in the most profitable manner.
Companys Mission:
We shall infuse Indian brands with confidence and renewed ambition. We shall be
efficient, cost- conscious and committed to quality in whatever we do. We shall ensure
that our positive attitude, sincerity, humility and united determination shall be the driving
force to make us successful.
Page 9
2013
Page 10
2013
Page 11
2013
Achievement / Awards
2008 Future Capital Holdings becomes the second group company to make a
successful Initial Public Offering in the Indian capital markets. Big Bazar crosses
the 100 store mark, marking one of the fastest ever expansion of a hypermarket
format anywhere in the world.
2010 - Big Bazar will cross the 150 store mark, marking one of the fastest ever
expansion of a hypermarket format anywhere in the world. Total operational retail
space crosses 16 million square feet mark and has over 1000 stores across 73
cities in India and employs over 30,000 people.
2011 - Big Bazaar opened its first store in Himachal Pradesh on 21st May 2011.
Future Innoversity introduced MBA in Supply chain Management. Future Group
entered elite gourmet retailing with the launch of its first gourmet food chain
Foodhall in Mumbai on 26th May 2011.
2012 - On 1st May 2012, the company introduced a new retail initiative Public
Holiday Sale. Foodhall the premium lifestyle food destination launched its second
store in Bengaluru on 4th May 2012. Pantaloons became the first retailer to
introduce a reality hunt as it set out on a countrywide search for their next Fresh
Face. Future Group started Aadhaar Franchise. Pantaloons joined hands with
PAYBACK . Being India's largest and one of the strongest loyalty programs in
Europe, PAYBACK offers were made available to all Pantaloons customers
Page 12
2013
Chapter II:
ORGANISATIONAL STRUCTURE
&
VARIOUS DEPARTMENTS
Page 13
2013
Department Manager
Team Leader
Team Member
Page 14
2013
BOARD OF DIRECTORS
MANAGING DIRECTOR:
Mr. Kishore Biyani is the Managing Director of Pantaloon Retail (India) Limited
and the Group Chief Executive Officer of Future Group.
INDEPENDENT DIRECTORS:
Mr. Shailesh Haribhakti.
Dr. D O Koshy.
Ms. Anju Poddar.
Ms. Bala Deshpande.
Mr. Anil Harish.
Page 15
2013
PANTALOONS ADMINISTRATION
Page 16
2013
III. Commercial
The job of the commercial dept. is to look after the supply chain, logistics and
administration. Provides products stock to the prospective outlets and inventories.
PANTALOON RETAIL PRIVATE LIMITED
Page 17
2013
Page 18
2013
VI. Marketing
E-commerce: Pantaloons website Futurebazaar.com has revolutionized the e-commerce
business in India. It offers a wide range of products at affordable prices.
Pantaloons India has brought a whole new revolution when it comes to pricing strategies,
which is evident through the success of its Big Bazaar and Food Bazaar outlets The
company operates over 12 million square feet of retail space, has over 1000 stores across
71 cities in India and 65 rural cities with taking over Aadhar. It plans to take up floor
space of 30 million square feet by 2011.It has plans to open over 3000 new stores by
2010. It is targeting the Tier-2 and 3 cities which have a huge unleashed potential.
They use magazines, newspapers, television, radios, hoardings, internet etc. for
promoting the brand. They have joint ventures and alliances with many companies to
promote the brand.
Seasonal Discounts, Sales Discounts during Festivals are offered to attract consumers. At
the senior management level, the group hired high profile executives from reputed
organizations like Goldman Sachs , Coca-Cola India, PRIL also tied up with a few
management schools to create a management talent pool for the lower levels.
Best Employers in India (Rank 14th) in the Hewitt Best Employers 2007 survey..
At the senior management level, the group hired high profile executives from reputed
organizations like Goldman Sachs , Coca-Cola India, PRIL also tied up with a few
management schools to create a management talent pool for the lower levels.
Best Employers in India (Rank 14th) in the Hewitt Best Employers 2007 survey.
The company follows a multi-format retail strategy that captures almost the entire
consumption basket of Indian customers.
Page 19
2013
CHAPTER III-
METHODOLOGY
Page 20
2013
Page 21
2013
Sample size: A sample size of 100 respondents was chosen because of time
constraint. Though small sample size but it consists of varied type of respondents
so as to overcome any error at the time of generalization of result.
Sample unit: Pantaloon store at South City Mall, Kolkata, was chosen as sample
unit. Survey was conducted in May- June 2013.
Sampling procedure: Due to time and various other constraints convenience was
restored. But efforts were made to check the accuracy of responses. Face to face
interaction process is adopted during data collection
Contact method: Questionnaire method was used to establish direct contact with
respondents.
Page 22
2013
3.7 LIMITATIONS
This project report suffers from following limitations:
1. Questionnaires were filled in evenings, when most of the people are in hurry and
they might not have responded truly to all the questions.
2. Our research is limited to only one store of Pantaloon at Kolkata and sample size is
of 100 respondents so errors may crop in while generalizing the results.
3. Those who came out of Pantaloon Store after shopping were chosen for getting the
questionnaires filled but they held bulky polyethylene bags due to which they
found it difficult to stand for long and answer the questions.
4. Most of the retail outlets mentioned in our questionnaire may or may not be visited
by respondents; this affected their response to various questions.
Page 23
2013
Valid
15
Valid
Percentage
15
Cumulative
Percentage
15
80
80
80
95
100
100
100
100
Frequency
Percentage
1. Nearby Retail
15
2. Pantaloons
3. Any Others
Total
Comment: This pie chart shows that 80% of people prefer PANTALOON for purchasing
APPARELS; this may be because of convenience of location, low prices, discounts or
other factors. The reasons of choosing Pantaloons over other retail outlets are specified
later in this research report
PANTALOON RETAIL PRIVATE LIMITED
Page 24
2013
Cumulative
Percentage
Percentage
84
84
84
10
10
10
94
3. 6-9 Times
99
100
100
100
100
Valid
Frequency
Percentage
1. 1-3 Times
84
2. 4-5 Times
Total
Comment: This chart shows that around 84% of respondents visit Pantaloons 1-3 times a
month and around 10% of respondents visited Pantaloons 3-6 times a month. It was
observed that respondents, who buy APPARELS from Pantaloons, visit Pantaloons 1-3
times a month because people are in a habit of buying APPARELS collectively for some
months. Those who visited more than 3 times a month were there to buy for themselves
of for family shopping as they were green card holders.
Page 25
2013
Valid
Valid
Cumulative
Percentage
Percentage
90
90
90
10
10
10
100
100
100
100
Frequency
Percentage
1. Yes
90
2. No
Total
Comment: This bar diagram clearly shows that 90% of respondents visiting Pantaloons
are satisfied with the variety of products available at Pantaloons remaining 10% of
respondents dont feel that Pantaloons provides variety of products. Majority of
respondents was satisfied with the variety of Apparels and other products.
Page 26
2013
Valid
Valid
Cumulative
Percentage
Percentage
70
70
70
30
30
30
100
100
100
100
Frequency
Percentage
1. Yes
70
2. No
Total
Comment: This pie chart shows that 70% of respondents find Pantaloons economical and
visit it because of low prices. Remaining 30% of respondents disagree with the fact that
Pantaloons offers low prices than other retail outlets, they find the pricing strategy of
Pantaloons at par with other retail outlets.
PANTALOON RETAIL PRIVATE LIMITED
Page 27
2013
Table No.5: Does the customers visit Pantaloons for convenience location of the store.
Valid
Valid
Cumulative
Percentage
Percentage
90
90
90
10
10
10
100
100
100
100
Frequency
Percentage
1. Yes
90
2. No
Total
Comment: This bar graph makes it evidently clear that 90% of respondents visit
Pantaloon because its location is convenient to them. Only 10% of respondents say that
its location is not convenient to them as it is situated far from their home.
PANTALOON RETAIL PRIVATE LIMITED
Page 28
2013
85
Valid
Percentage
85
Cumulative
Percentage
85
90
3. Can't say
94
4. Dissatisfied
99
5. Very Dissatisfied
100
100
100
100
Valid
Frequency
Percentage
1. Very Satisfied
85
2. Satisfied
Total
Comment: This pie chart distribution shows that 85% of respondents lie in the max.
Region i.e. they are satisfied with the services provided by Pantaloons. Out of remaining
majority of respondents i.e. 4% are neither satisfied nor dissatisfied which means that
while shopping in Pantaloons they never paid attention to the factors like fast billing or
queue of billing etc. Those who were dissatisfied by Pantaloons complained about sitting
area and billing during sales.
PANTALOON RETAIL PRIVATE LIMITED
Page 29
2013
Table No.7: Does Pantaloon give better discount/offers than other retail outlets?
Valid
Valid
Cumulative
Percentage
Percentage
65
65
65
35
35
35
100
100
100
100
Frequency
Percentage
1. Yes
65
2. No
Total
Comments: This pie chart clearly shows that 65% of respondents are satisfied with the
discount or offers provided by Pantaloon. Remaining 35% of respondents dont find
Pantaloons discount attractive, they find it at par with other retail outlets.
Page 30
2013
Table No.8: Rate your satisfaction level of shopping at Pantaloon at 5-point scale.
85
Valid
Percentage
85
Cumulative
Percentage
85
10
10
10
95
3. Can't say
98
4. Dissatisfied
99
5. Very Dissatisfied
100
100
100
100
Valid
Frequency
Percentage
1. Very Satisfied
85
2. Satisfied
Total
Page 31
2013
35
Valid
Percentage
35
Cumulative
Percentage
35
45
45
45
80
3. Can't say
15
15
15
95
4. Disagree
99
5. Strongly disagree
100
100
100
100
Valid
Frequency
Percentage
1. Strongly agree
35
2. Agree
Total
Comment: This question was so structured so that to find whether respondents really feel
that Pantaloon offers them low prices or not. 80% of respondents replied positively to this
question by saying that they find shopping at Pantaloon value for money i.e. they have to
pay less at Pantaloon as compared to other retail outlets.
PANTALOON RETAIL PRIVATE LIMITED
Page 32
2013
Valid
85
Valid
Percentage
85
Cumulative
Percentage
85
15
15
15
100
100
100
100
Frequency
Percentage
1. Yes
85
2. No
Total
Comment: This pie chart clearly shows that 80% of respondents feel that Pantaloon is a
complete retail outlet. A very small % i.e. 20% of respondents are Dissatisfied and said
that Pantaloon is a not a complete retail outlet. Majority of respondents were satisfied
with what Pantaloon is and gave a large no. of suggestions which are discussed later in
this report.
Page 33
2013
Table No.11: How many times have you seen Pantaloon overcrowded?
Valid
1. Rarely
2. Frequently
10
10
10
96
3. Never
100
100
100
100
Total
Comment: It was seen that due to ample shopping space 86% of respondents have rarely
seen it overcrowded. Only 10% of respondents said that they have frequently seen
Pantaloon overcrowded and remaining 4% claimed that they have never seen Pantaloon
overcrowded. This shows that Pantaloon is gaining popularity very fast and attracting
crowd.
PANTALOON RETAIL PRIVATE LIMITED
Page 34
2013
Table No.12: How much satisfied are you with the Parking space of Pantaloons?
70
Valid
Percentage
70
Cumulative
Percentage
70
15
15
15
85
3. Can't say
90
4. Dissatisfied
10
10
10
100
Total
100
100
100
Valid
Frequency
Percentage
1. Very Satisfied
70
2. Satisfied
Comment: This pie chart clearly shows that majority of respondents are satisfied with the
parking space provided by Pantaloons. As such Pantaloon didnt have much of its own
parking space but since it is located in Mall which have ample parking place so they
didnt find any problem in parking their vehicles. One more reason that this problem
wasnt able to overshadow Pantaloons popularity was that its location is such that most
of the people prefer coming there on feet as it is on walking distance from their home.
PANTALOON RETAIL PRIVATE LIMITED
Page 35
2013
CHAPTER IV-
CONCLUSION
&
RECOMMENDATION
Page 36
2013
4.1 CONCLUSION
This research report aims to study consumer attitude towards Pantaloon and highlights its
strengths and weaknesses in order that Pantaloon can fight the competition in a better
way. Though Pantaloon captures a different market and is giving competition to big
players like Vishal mega mart and big bazaar.
Retail in India is a booming sector nowadays and Pantaloon should try to benefit more
from it. Recommendations given should be considered by Pantaloon in order to emerge
as a winner in long run.
Page 37
2013
WEAKNESS
o The public perception about high price for high quality shall become an obstacle to
increase the customer base.
o Lack of brand awareness among the lower middle class consumers and other
surrounding regions.
OPPORTUNITIES
o The increasing base of the customers preferring brands and their increasing
importance for increasing the standard of living.
o Entry of newer brands which are looking for bulk customer hunt in the small towns
- According to some of the magazines
o Increasing market in small towns looking for good brands.only shopping juncture
offering a number of brands at one place.
o Its innovative customer service ending up to customer awareness and preference.
THREATS
The emergence and inception of shopping malls like PANTALOONS and entries of
great brands in one shop stop business.
He already established shops which offer only some brands are also a competing
threatful factor which make a share in their total brand market share.
PANTALOON RETAIL PRIVATE LIMITED
Page 38
2013
4.3 FINDINGS
This research helped us identify following problems where Pantaloon has an immense
scope of improvement:
Ladies complaint about jeweler variety is not there, Traditional wear should
have more variety, and Footwear.
Location was one of the main reason which attracted people towards
Pantaloon as it was situated just in the Mall and it took less time for majority
of respondents to reach Pantaloon.
Some respondents complaint that there should be sitting space for ladies child
and old age people and it was worked out during the project itself.
Some respondents demanded book corner should be there. And there should
be more staff and billing counter during sales to handle the huge no. of
customers.
Page 39
2013
4.4 RECOMMENDATION
This research throws light on various strengths and weaknesses of Pantaloon and can
also help Pantaloon to improve on different fronts in order to have an edge over its
competitors. Based on the analysis and findings of my research I would like to give
following recommendations:
1) Pantaloon needs to improve so that it can accommodate more kinds of products and
also provide space for children coming with their parents to play and have fun so that
for them visiting Pantaloon becomes exciting.
2) Pantaloon should incorporate more variety of products in its basket so that it provides
the convenience of availability of all things under one roof to its customers. Variety
of products should specially be increased in traditional wear for women, Footwear,
jewelry, cosmetics and more varieties in watches. More varieties in sizes in jeans,
Shirts.
3) Sitting area should be there for children and old people, so that they can sit while
other family members doing shopping.
5) If possible more attractive discount and offers should be given in order to attract more
customers.
6) Staff should be trained properly to assist people and to make them understand the
benefits of green card membership, it will strengthen Customer loyalty.
7) Other Recommendations include introduction of a Book corner for the book lovers
and making shopping more joyful.
PANTALOON RETAIL PRIVATE LIMITED
Page 40
2013
Future Value Retail Limited is a wholly owned subsidiary of Pantaloon Retail (India)
Limited. This entity has been created keeping in mind the growth and the current size of
the companys value retail business, led by its format divisions, Big Bazaar and Food
Bazaar. The company operates 120 Big Bazaar stores, 170 Food Bazaar stores, among
other formats, in over 70 cities across the country, covering an operational retail space of
over 6 million square feet. As a focussed entity driving the growth of the group's value
retail business, Future Value Retail Limited continues to deliver more value to its
customers, supply partners, stakeholders and communities across the country and shape
the growth of modern retail in India.
A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a
large-format home solutions store, Collection-i, selling home furniture products and
eZone, focused on catering to the consumer electronics segment.
The store offers various famous External Brands as well as a lot of Private Brands. 80%
of the revenue is generated by the Private Brands, this shows that Pantaloons has
established its brands as stand alone. Now Pantaloons is even considering of opening
individual stores for the famous Private Brands.
COMPETITION
In the fashion segment, they face competition from Shoppers Stop, Vishal Mega Mart,
Reliance Trendz, Trent, Westside and Lifestyle. Though the hypermarket is new only
three to four years old in the country competition is faced from likes RPG (Spencer's),
Trent (Star India Bazaar) and with Shoppers Stop.
Several other outlets which are giving competition to Pantaloon are Koutons,
Charlie outlaw, Cantabil , etc.
Another competitor may prove to be a very potential, which is going to enter in the
Indian market, and it is the WALL- MART coming to India, in partnership with Bharti.
PANTALOON RETAIL PRIVATE LIMITED
Page 41
2013
My entire learning at Pantaloons Retail India Ltd. was very good as I could gain vital
knowledge and experience which can be utilized to a great extent in my future
professional career.
My project was based on A study on Consumer Behavior towards Pantaloons Kolkata
under Marketing Department of Pantaloons Retail PVT. Ltd. Throughout the entire
training procedure of ten weeks, I had a rich learning experience in areas of Marketing
like Salesmanship, Customer Relationship Management. Customer Behavior.
Above all it was a great motivation for me to see the amount of effort that each individual
employee would put towards the betterment of the company.
Page 42
2013
4.7 REFERENCES/BIBLIOGRAPHY
PRIMARY
SECONDARY
http://pantaloon.futurebazaar.com/indexPantaloon.jsp
http://www.pantaloonretail.in/index.asp
http://www.sebi.gov.in/dp/pantaloon.pdf
Page 43