Planet Fashion Intro Presentation
Planet Fashion Intro Presentation
Planet Fashion Intro Presentation
MGs biggest & most successful customer: Snow white, CP, Delhi
We were one among hundred brands in the store
with no control over display, branding & aesthetics
. and no control brand adjacencies, customer experience.
2001: Planet Fashions first store- PF Commercial Street, Bangalore
PF is a retail chain of 70
1st Planet Fashion Rental & Retail Boom B&S stores also
stores, 50 Consignment (40
launched at begins, all new stores diminish as COFO
COFO, 10 FOFO), 20 B&S.
Commercial Street come from existing stores increase
Recession and Inflation
network of franchisees
arrive.
Competition Overview
Challenges & Way forward
Competition in Metros/Mini-metros/Tier-1
Competition in Tier-2/3
Competition in Non-Metros is less intense as these areas are still dominated by regional players.
Also, the stature of Planet Fashion is much higher in these markets.
Competition in Tier-4
Planet Fashion, CMH Road, Bangalore
Planet Fashion, R T Nagar, Bangalore
PF Essence
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Planet Fashion: TG Profiles
CORE TG
20
Delivering the Positioning
PF Brand Promise
21
4 pillars of Planet Fashions future
Enable the
progressive IN-MALL
man to enter
the world of
stature
Consumer brands CRM
Insights
Merchandise Digital
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In-store Experience
Enable the
progressive
man to enter
the world of
stature
brands
PROJECT LIGHTHOUSE- RTB: Retail Experience
Planet Fashion
Lighthouse for the progressive Indian man, entering the relatively new world of stature brands.
Simplifies the selection, helps him make the right choice and accentuates his style.
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PF to own four compelling hooks
Product Categories:
1. Contemporary & Classic Suits
2. Sleek Blazers
3. Hand Crafted Tuxedos
4. Vintage Nehru Jackets
The Linen Life
Product Categories:
1. Linen Shirts
2. Trousers
3. Jackets
Classic Must Haves
Product Categories
All Day
Positioning: Easy to maintain, hassle free and quick-
plug n play wardrobe for the urban traveller
Easy
FOCUS: Showcase anti wrinkle property of the shirt,
No need to iron, stain resistant, shirt remains
non-crumpled for a long period of time and also
showcase various scenarios that these shirts and
trousers come handy Travel time air, taxi etc.
, in meetings, between meetings, Packed in a
Suitcase
Product Categories:
1. Wrinkle Free Shirts and Trousers
2. Non-Iron Shirts
3. Stain Resistant Shirts
4. Quick Dry shirts
5. Odour Resistant shirts
Suitability section In Store Rendition (reference)
Suitability section In Store Rendition (reference)
LINEN LIFE
- In store section rendition (reference visual)
CLASSIC
Classic MustMUST HAVEs
Haves Section
- In store section rendition (reference visual)
ALL DAY EASY section
- In store rendition (reference visual)
Consumer Communication: ATL
Enable the
progressive
man to enter
the world of
stature
brands
PF will starts its Digital Marketing journey
Enable the
progressive
man to enter
the world of
stature
brands
Digital
4 pillars of Planet Fashions future
Where do we aim
Example of Tier 4 to go!
Example:
Satna, Bhagalpur, Nanded, Sangli, Jorhat,
TIER 4 - Expansion
3 Brand Impact Dibrugarh, Muzaffarpur, Gaya, Bijapur, Karimnagar,
(Project Bharat)
Kumbakkonam, Thanjavur, Kanchipuram, Atingal,
Karunagapally
How did we start?
1. Identifying the opportunity in small towns
1 Why is there stagnation in tier 1/2/3 towns?
Diminishing competitive advantage in Tier 1/2/3 Towns
Saturation in these towns
Occasion Autonomy
led
buying
Variety Confidence
1. Fashion Expert Seeking
2. Understanding,
Non
3. Enabling intimida
Image Aspirational Values
enhancement
4. Knowledgeable ting in
Impact
5. Caring rest of Trusted
ful Help in
India source
6. Branded Mens apparel store making
7. Trust source from the house in Nurtur Helpful in
the
north e and decision
of ABG right
gentle making
choice
toward
Emotional connect s me
Learnings?
Key takeaways
Franchisee
expertise in
the market
Franchisee background-Kailash Alyani the franchisee owns a Family store named Prithviraj
operational since past 35 years, it does an annual business of 5 Crores , the family comprises of Three
Brothers & Kailasha's Son Danny. The store is a full time occupation for all of them.
Kailashs son Danny looks after our Planet fashion store
Key takeaway-Franchisee with an indepth Local Knowledge is fundamental to the Ventures success,
they want their younger generation to associate with organized retail as Purchasing is a BIG Factor &
people are now in favor of avoiding Multiple Supply points
Learnings?
Key takeaway- Impactful stores
Relevant merchandise
In 13 days the store has done an
envious number of 17 Lakhs.
Bhagalpur, Bihar
GROW EXPONENTIALLY
FY16 FY18
Trajectory & Growth roadmap
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100 cr per year+
2018 600 cr
Trajectory of Transformation- Growth roadmap
700 PF will
600
Add revenue of
500
=>90 cr Rs. every
Inflection point year during FY16-
NSV (Rs. Crs.)
FY Exit 06 07 08 09 10 11 12 13 14 15 16 17 18
NSV (Rs. Crs)
59 69 100 109 127 170 209 236 275 299 388 485 600
(Consgmt + B&S)
Growth% NA 17% 45% 9% 17% 34% 23% 13% 16% 9% 30% 25% 24%
No. of Stores 50 576
253 337 450
FY-15 exit
253 stores
across
~175+ towns Jammu
Amritsar
Jalandhar
Ludhiana
Chandigarh
Bhatinda Dehradun
Yamunanagar
Karnal Meerut
India retail map Sonepat
New Delhi
Gurgaon
Ghaziabad
Faridabad Itanagar
Sikar Alwar Moradabad
Aligarh Bareilly
Cities with 3 or more retail outlets Agra
Jaipur Lucknow Gorakhpur
Cities with less than 3 retail outlets Kanpur Guwahati
Jodhpur Ajmer
Opening Shortly Gwalior Siliguri Shillong
Kota Allahabad
Varanasi
Udaipur
across Valsad
Nasik Nagpur Raipur
Jharsuguda
Sambalpur
Bhubaneshwar
~265+ towns Mumbai
Thane
Panvel
Aurangabad Cuttack
Pune
Sholapur Hanamkonda
Gulbarga Vishakapatnam
Kolhapur Hyderabad
FY-17 exit Belgaum
Rajamundhry
Kakinada
Vijaywada
463 stores Hubli Guntur
Ongole
Shimoga
across Udupi N
Mangalore
~380+ towns
Mysore Bangalore
Vellore Chennai
Kannur Salem Pondicherry
Kozhikode Erode
Tirupur
Palakkad Coimbatore NOT TO SCALE
FY-18 exit Thrissur
Cochin Trichy
Thiruvalla Dindigul
589 stores Kottayam
Kollam
Madurai
Trivandrum
across
~475+ towns 51
4 pillars of Planet Fashions future
Case Study:
Insights based positioning and Operational rigour turned around Jayanagar PF.
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Process of Customer Insight generation & resolution
Action Plan:
Reposition of
store 54
PF Jayanagar Store overhaul - turnaround story
FY 14-15 CBA
52.0 30%
50.9
47.5
22% 23%
36.3 35.3 36.6
33.0 32.9
13%
26.8 CBA
0%
-2% 0% -3%
1 2 3 4 5 6 7 8 9
-8%
1 2 3 4 5 6 7 8 9
Introduction of
Fashion Advisor Market Research Ops Energy
Overall NPS
Re-positioned 23% 24%
Current Targeted
KPI Parameters Performance Performance
Trouser contribution 16% (value) 22% (value)
Qty. of trousers in a bill 0.35 trousers per bill 0.55 trousers per bill
Summary:
1. MH launched in Bangalore in 3 stores in Mar 2015
2. MH roll out in NCR 7 stores in May 2015
3. MH roll out in Chennai 3 stores in Aug 2015
4. MH roll out in Mumbai in process
5. MH roll out in Hyderabad and Kolkatta Month end
Shelf Talkers
including
Size/Fit
Individual LP
Section with
trousers 58
Customer Advocacy on the rise: PF Mission Happiness Snapshot
Summary:
1. MH launched in Bangalore in 3 stores in Mar 2015
2. MH roll out in NCR 7 stores in May 2015
3. MH roll out in Chennai 3 stores in Aug 2015
4. MH roll out in Mumbai in process
43% 43%
39%
33%
27% 25%
24% 23%
21% Month NPS Buyer HI Non Buyer HI
16% 16%
13% NPS
Feb 2% 24% -21%
9% 10%
6% 7% Buyer HI
Mar -6% 16% -28%
2% 1% Apr 1% 16% -14%
Non Buyer HI
Feb Mar-6% Apr May-4% Jun Jul Aug Sep Oct
-8% -7% May -4% 21% -28%
-14% Jun 9% 27% -8%
-18%
-21% Jul 13% 33% -7%
-28% -28% Aug 10% 39% -18%
Sep 23% 43% 6%
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Oct 25% 43% 7%
LOOK & FEEL
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Project Impact
- Retail Identity & Renovation
1st implementation- Forum Mall
Nov-14
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Devraj Urs (Mysore) Renovation- adapted Grande design
BEFORE RENOVATION AFTER RENOVATION
(Nov12-July13)- LTL period of 9 months (Nov13-July14)- LTL period of 9 months
Carpet Area (sqft) 3600 Carpet Area (sqft) 6000
NSV (Rs. Lakhs) 190 NSV (Rs. Lakhs) 362
Monthly Avg (R. lakhs) 21 Monthly Avg (R. lakhs) 40
SSPD 20 SSPD 22
Sellex (Rs. Lakhs) 69 Sellex (Rs. Lakhs) 112
CBA (Rs. Lakhs) 50 CBA (Rs. Lakhs) 117
CBA% 26% CBA% 32%
LTL Growth 91%
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FocalFocal
point for CROSS SELLING
Point
63
Project Immaculate
VM Excellence
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Project Immaculate
VM Excellence
Interim Results
VM BENCHMARKING AUDIT
Audit Parameters
Benchmark for PF
EBOs (FORMAL) & MBOs (Large Regional players)
PF ranked BEST among all players in its Benchmark set
Planet Fashion now ranks No. 2 among Mainline EBOs of MFL
EXCELLENCE
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Planet Fashion RETAIL MANAGEMENT MODEL
Measurable Output to monitor progress: Composite EXCELLENCE score (measured monthly)
across all 10 elements
All ratings on a scale of 10 (i.e. 10 on 10 principle for being BEST)
CRM VM
Trgt achvmnt Prjct Immaculate
Of Mystery
Enrolment & Repeat Shopper Score
Purchase VM Champ
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Composite EXCELLENCE Score (Start Month: June14)-
Monthly Progress Scoreboard for T-35
T-35 SCOREBOARD - Am I "BEST" ( ) or "NOTHING" (Something / Nothing ) ? -10 on 10
WHERE AM I ? WHO MAKES ME "WHAT AM I" ? WHAT AM I ?
Sr. Store Store location
Region City ARM RM RBM RVM Projects SM Dec-14
No. Code name
1 100638 CP North Delhi Mansi Siddharth Paridhi Amit Shiv Deepak Gupta 8.3
2 100637 South Extn North Delhi Mansi Siddharth Paridhi Amit Shiv Rahul Naasa 8.3
Targeted
3 1000162 Karol bagh North Delhi Mansi Siddharth Paridhi Amit Shiv Vinay Kumar 7.9
4 100466 Kamlanagar North Delhi Mansi Siddharth Paridhi Amit Shiv Vikas Diwakar 8.4
Milestones
5 100736 DLF Courtyard North Delhi Mansi Siddharth Paridhi Amit Shiv Maninder Singh Sartan 9.5
6 100597 Ambedkar Rd North Ghaziabad Rigvendra Siddharth Paridhi Mubarak Shiv Mohd. Asim 8.6
7
8
100993
100719
Rajpur Road
Hazratgunj
North
North
Dehradun
Lucknow
Rigvendra
Rigvendra
Siddharth
Siddharth
Paridhi Mubarak Shiv
Paridhi Mubarak Shiv
Deepak Singh
Mohd. Sakeel
8.1
8.7
Q2 (FY15) : 6 Stores to
9 100265 SAHARA Mall North Lucknow Rigvendra Siddharth Paridhi Mubarak Shiv Deepali Upadhyaya 8.6 attain BEST level
10 101355 Durgakund North Varanasi Rigvendra Siddharth Paridhi Mubarak Shiv Abhishekh 8.6
11 101134 Sigra North Varanasi Rigvendra Siddharth Paridhi Mubarak Shiv Mohd. Sageer 8.2
12 101467 Abu Lane North Meerut Rigvendra Siddharth Paridhi Mubarak Shiv Waseem 8.2
13 101541 Ranipur More North Haridwar Rigvendra Siddharth Paridhi Mubarak Shiv PK Yadav 8.4 Q3 (FY15) : 14 Stores
14
15
101389
100667
Sector - 17C
Sector 17
North
North
Chandigarh
Chandigarh
Sujeet
Sujeet
Siddharth
Siddharth
Nadha
Nadha
Amit
Amit
Shiv
Shiv
Manik Das
Amrish agarwal
7.4
8.4
to attain BEST level
16
17
101393
100701
West End Mall
Hanuman Chwk
North
North
Ludhiana
Bhatinda
Sujeet
Sujeet
Siddharth
Siddharth
Nadha
Nadha
Amit
Amit
Shiv
Shiv
Manoj
Gulfam
8.5
8.7
(Act: 11 Stores
18 100067 CommStreet South Bangalore Anthony Tanmay Kunal Krishna Fiyas Purushotham 8.4 attained BEST level, 17
19 100160 FORUM South Bangalore Anthony Tanmay Kunal Krishna Fiyas Prem Kapur 8.4
20 1000181 100 Ft Road South Bangalore Anthony Tanmay Kunal Krishna Fiyas Ravi 6.8
are borderline to BEST
21 1000183 Jayanagar South Bangalore Anthony Tanmay Kunal Krishna Fiyas Ajit Rajmani 8.6 scoring >8.0)
22 100702 Jayanagar 2 South Bangalore Anthony Tanmay Kunal Krishna Fiyas Mousin 8.1
23 100268 Residency Rd South Bangalore Anthony Tanmay Kunal Krishna Fiyas Syed 8.5
24 1000184 Devraj Urs Rd South Mysore Anthony Tanmay Kunal Krishna Fiyas Asif 8.3
25 100319 Anna Nagar South Chennai Anthony Tanmay Kunal Krishna Fiyas Ganesh 8.6 Q4 (FY15) : 28 Stores
26 100529 Pondy Bazar South Chennai Anthony Tanmay Kunal Krishna Fiyas Sathish 8.3
27 100867 Burf road South Erode Anthony Tanmay Kunal Krishna Fiyas Guna 8.4
to attain BEST level
28 100306 CITI CENTER South Hyderabad Prabhu Tanmay Kunal Krishna Fiyas Ramesh 8.0
29 101100 Main road South Kollam Kumaran Tanmay Kunal Krishna Fiyas Karthik 8.1
30
31
101043
100552
Lokhandwala
Aundh
West
West
Mumbai
Pune
Arif
Arif
Shiraz
Shiraz
Samira Amit
Samira Amit
Fiyas
Fiyas
Samir Alwe / Ashok
Bhushan / Sonu Pillay
8.2
7.1
Q1 (FY16): All 35
32 100859 Rajarampuri West Kolhapur Arif Shiraz Samira Amit Fiyas Vijay Kupate 7.0 stores to attain BEST
33 101013 Main road West Sholapur Arif Shiraz Samira Amit Fiyas Shiv Kumar (Franchisee) 6.9
34 100986 G S Road East Guwahati Raj Prabhakar Paridhi Mubarak Shiv Dinesh 8.0
level 73
35 101122 Main road East Ranchi Raj Prabhakar Paridhi Mubarak Shiv Sanjeev Kumar Gupta 8.6
MANAGEMENT MODEL: TRAINING of Store Staff
CRM VM
Trgt achvmnt Prjct Immaculate
Of Mystery
Enrolment & Repeat Shopper Score
Purchase VM Champ
Objective Execution
75
PF way of BEST Training
Quality Enhancement
Develop Effectiveness Measurement methodology
Store-specific buying
Project AGNI
77
STORE-SPECIFIC Buying Process (to improve inventory efficiency)
CONSUMER INSIGHTS >> RELEVANT MERCHANDISE >> SS15 & AW15 buy-plan done
(synchronised the launch calendar with Store-specific marketing calendar)
SS15 buy-plan
Integration of
Bottom-up
workout with Top- Relevant Merchandise : BOTTOM UP Buy plan working for SS15 and for
down view. T-35 stores and AW15 buy-plan for 94 Stores
Regional Business Teams visited each store to deep-dive into consumer insight and developed a point of
Synchronisation of view for each Store to develop buy-plan.
Season launch
calendar with 52 Tallied the data with Rate
Consumer Insights
week business & of Sale, Top/ Bottom 10
sellers in each category,
marketing calendar and past Sell-thru data. (5 processes in each T-35 store)
of each store (i.e.
peaks and non- Prepared SS15 buy-plan
peaks) Customer Feedback
for each store Customer Loss of
Walkin through CCAs, Competition
Profile Sale
Report Mission Happiness Benchmarking
Report Report
and Fashion Advisors
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Planet Fashion New identity
COMING SOON.Tagline in Print Communications
Thanks
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