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Retail PhilosophyBy the people, for the people andof the people retailing involves selling products and
services to consumers for their individual or family use.As the final link between consumers andmanufacturers, retailers are a vital part of thebusiness world. Retailers add value to products bymaking it easier for manufactures to sell and
consumers to buy.
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One of the Pillars of economy - 15 % ofgdp
Size - us$ 450 bn with a prospectiveconsumer base of 1.2 bn
Changing structure of retail industryto a more organised system Between
2000 to 2010, Indian retail attractedabout $1.8 billion in foreign directinvestment, representing a very small1.5% of total investment flow into India.
Expected growth of organised
retailing in india from 4% in 2011 to25% in 2020 , a increase of $250bn
No. Of retail outlets/person = 7
Retail space/person = 2 sq ft
Retail density = 6%
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7th Largest marketglobally
Focus on pop display andimpulsive buying nature
Fdi in retail for multi-brand (51%) and singlebrand (upto 100%)
Bright future ahead
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Croma is an Indian retail chain for consumerelectronics and durables. Tata Group companyInfiniti Retail runs Croma stores in India. InfinitiRetail Ltd is a 100% subsidiary of TATA Sons.woolworths, one of the worlds leadingretailers, provides technical and strategicsourcing support
Next Retail India Ltd is a subsidiary of theVideocon Industries Ltd and engages in retailingconsumer electronics in India. It was founded in2003 and currently has 600 showrooms across 25states of IndiaIn 2007 it acquired Planet M, amusic and entertainment retail chain for US$36.4
million from Bennett, Coleman & Co. eZone, is the electronics and consumer durables
specialty store from the Future Group, anddisplays numerous brands,it enables theconsumers to experience electronics throughthree dedicated zones Liberation , experience
and home
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Electronic arm of reliance retail ltd.
Established in the year 2005 Reliance ResQ, the technical support arm of
Reliance Digital provides an end to end solution andtechnical support
Till march,2012 75 stores have been established inmajor cities like Mumbai, Delhi, Chennai, Bangaloreetc.
Reliance digital is a unique store concept builtaround reliance retails core philosophy customer
centricity and a hassle free store experience. Reliance digital is a one stop shop for all
technology solutions in the field of consumerelectronics, home appliances, information
technology and telecommunications.
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over 5,000 products spread across more than 150 brandsalong with countless solution bundles recommended to
meet the diverse customer needs.
Has 35 40 workers on average in each store
The objective is to demonstrate and demystify
technology yet showcase how a product can talk toeach other
reliance one memBership card earn anywhere, spendanywhere
Brands available - Apple, sony, samsung, philips,
panasonic etc.
ResQSolution
Box
Green
roomREconnect
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Store Manager
CMO
Material Operation
HR
Visual Merchandise
CRM
Operation
Sales Person
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It is located in Empress Mall,
Nagpur( a primary trading area).No. of footfall is relatively
good.
Store is in area of 1800 sq feet
Adjacent store is Reliance
Trends helping to improve the
customer attention.
The Company offers in-store advertising opportunities to
advertisers, in respect of Reliance Mart, Reliance Super,Reliance Fresh, Reliance Digital and other format stores of
Reliance Retail Limited and its subsidiaries.
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Mother hen with branch store chicken
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Most revenue generating product for them was LCD/LED
TVs.
A special area(50 sq feet) was allotted for the desired
experience of home theatre.
Product range was very wide both in terms of price(from Rs.
50 to Rs. 1.6 lakh) and variety(from ear phone to 3D LED).
Nearly all the brands were available along with their own
products.
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Their service center was located near the shop in Berdi .
Sales person were well trained in
selling skills along with the product
knowledge.
It helps the customer in
differentiating the products on all
dimension like cost and features.
Promotional activities are
done by the head office, shops
members are not involved in
that.
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The product replacement is done by head office as per the
daily data feed by the particular retail.
The number of suppliers were 3 to 4.
They dont claim to provide the lowest price in the market but
they try to provide good quality on premium price along with
services.
According to the HR
( Poonam Pal),they are
much ahead in sales
than their next
competitor Next inNagpur.
Store layout:- Grid type
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The post of managers are filled by the head office while the
ground sales people are recruited by the particular retail team
from the local area.
They were in charge of training the sales person and
performance of the particular retail shop.
The offers and discounts
are also handled by the
main office of reliance
digital.
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Reliance Digital has embarked on a campaign named
Mission Happiness where the entire shopping experiencefor electronic and digital products has undergone a unique
transformation.
The first is Technology &Entertainment Experience Zones
inside every Reliance Digital store where customers cansee, touch and feel technology from the best brands before
actually deciding to buy.
Reliance resQa unique service centre,
offers lifetime support across most of the
major brands and covers both pre & post
sales service.
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