Industry Profile On Star Brazar
Industry Profile On Star Brazar
1 INDUSTRY PROFILE:
FORMATS OF RETAILING:
Department stores These are the very big offers variety of products
with minimum cost which similar to the collections of specialty stores.
General stores These are the stores which serve goods and services
to the rural group and satisfy their needs and wants.
Mall The outlook and the ambience are very attractive. it includes
products, food and entertainment under single roof we can spend
more time here.
Category killers Here we will get wide variety of products under the
single category at comparably lower prices as compares and helps to
solve their confusion and gives more information about the products. 7
Vending machine It is small and a kind of automated machine where
the customers can drop money over the machine and then they can
get the products. based on the income of the customers the will buy
the products and the services.
Boutique These are called as concept stores, these are the stores tiny
in size and only concentrate single brand.
WALMART: This is the largest retail store in the world. It was started
in the year 1962. Almost 12000 outlets operating in 30 nations this is
the highest profit gaining retail outlet in the world and also highest
number of employees are working here.
Subsidiaries are
1. Big Bazaar – Retail chain
2. Easy day – easy convenient store.
3. Food bazaar – super market chain
4. Brand factory
5. Food hall – premium lifestyle food destination
6. Home town – home improvement and building material store
7. E-zone – electronic super store
8. Planet stores- sport wear retailer
9. Aadhaar-rural retail chain
1.2 PROMOTERS
2003:
Bazaar launched its new store in Nagpur with tiers of two cities.
Bazaar gets ready to welcome 10th million customers at Gorgon
store.
2004;
Bazaar and food Bazaar was won national award and the most
Admiral Award.
2005:
Loyal customer ICICI bank launched golden credit card.
E-Zone and Home town was launched.
For loyal customer ICICI bank launched golden credit card.
2006:
E- Zone and Home town was launched.
For loyal customer ICICI bank launched golden credit card.
2007: 2008:
The new campaign called MahaBachat was launched. aar (FBB) was
started.
2010:
In third consecutive year Big Bazaar won CNBC consumer award.
All third store was opened at Kanpur.
For Big bazaar price challenge Vidhya Balan was chosen as
Brand Ambassador.
2012:
2014:
2016:
2017:
They focused more on social media for influence customer and
they give 180000 offer coupons.
They reached 20000crores. It’s one of the best performances by
any chain retail in India.
2018:
Google to create” smart search” where the query will get exclusive
offers which can redeem its store.
1.5 PRODUCT/SERVICE PROFILE:
STRENGTH ;
WEAKNESS:
Overpopulation throughout offer
Unable to open store on time
Less quality concern
Lack of parking space for vehicles
Less number of billing counters distracts the customers
Limited branded products
Lack of trained employees
Huge crowd during offer period
Lack of policy formation
Low price = low quality (general perception)
OPPORTUNITY
THREAT
Online markets can severely affect the market share of Big
Bazaar
Global top retail establishment affects the growth.
laws and polices changes
High risk in the area of operation
FDI policies in retail industry
Constant reduction in margin of business
Disorganized retail store
A bulky population
Keep fluctuating government strategies
World top retailer coming in to India like Wal-Mart, its effects on Big
Bazaar.
3. PROPRIETARY RATIO:
Interpretation: The proprietary ratio of the firm is 0.55 in 2015 which is
higher compared to the following two years. This indicates greater the ratio,
better the long term solvency of the company. But in the year 2017 it is
decreased to 0.44, it indicates company depending on more debts for its
operation.
BIBLIOGRAPHY
ROOK AND HOCH (1985). Consuming impulse. Advances in consumer
research, 7(1), 23-27.
WEBSITE:
www.futurebazzar.com
www.futurebrands.co.in
www.futuregroup.in