Professional Documents
Culture Documents
TH EO RY O F BIG BAZAAR
Change and Confidence among the population is
SCHEMES AND
INNOVATIONS
Wednesday Bazaar
The concept of Wednesday Bazaar was promoted as 'Hafte Ka Sabse Sasta
Din' (Cheapest Day of the Week). Initiated in January 2007, the idea
behind this scheme was to draw customers to stores on Wednesdays, the
day when consumer presence is usually less. According to the chain, the
aim of the concept was 'to give home makers the power to save the most'.
Maha Bachat
The concept of 'Maha Bachat' (Mega Saving) was introduced in the year
2006 as a single day campaign with promotional offers across the
company outlets. Over the years, the concept has grown to become a sixday biannual campaign. During the campaign, offers are given in all the
value formats including Big Bazraar, Food Bazaar, Electronic Bazaar,
Furniture Bazaar, .
The Great Exchange Offer
Introduced on 12 February 2009, 'The Great Exchange Offer' allows
customers to exchange their old goods for Big Bazaar coupons. The
coupons can be redeemed later for buying brand new goods from Big
Bazaar outlets across the nation.
All three scheme are active till date 2015
TIM ELIN E
2001Three stores launched within a span of 22 days inKolkata,BAngaloreandHyderabad
2002ICICI Bank Card is launched.
Food Bazaar becomes part of Big Bazaar with the launch of the first store in Mumbai at High
Street Phoenix
2003Enters Tier II cities with the launch of the store in Nagpur
Welcomes its 10 millionth customer at its new store in Gurgaon
2004Wins its first award and national recognition. Big Bazaar and Food Bazaar awarded the
countrys most admired retailer award in value retailing and food retailing segment at the India
Retail Forum
A day before Diwali, the store at Lower Parel becomes the first to touch Rs 10 million turnover on
a single day
2005Implementation of SAP and pilots a RFID project at its central warehouse in Tarapur
Launch of a shopping program: the Big Bazaar Exchange Offer, inviting customers to exchange
household junk at Big Bazaar
Electronic Bazaar and Furniture Bazaar are launched
Big Bazaar andICICI Banklaunched ICICI Bank-Big Bazaar Gold credit card program to reward its
loyal customers.
2006Mohan Jadhav set a national record at Big Bazaar Sangli with a Rs 137,367 shopping bill. The
Sangli farmer becomes Big Bazaars largest ever customer.
Launches Shakti, Indias first credit card program tailored for housewives
Navaras the jewellery store launched within Big Bazaar stores
2007The 50th Big Bazaar store is launched in Kanpur
Partners with Futurebazaar.com to launch India's most popular shopping portal
Initiates the "Power of One" campaign to help raise funds for the Save The Children India Fund.
Pantaloon Retail wins the International Retailer of the Year at US-based National
Retail Federation convention in New York and Emerging Retailer of the Year award
at the World Retail Congress held in Barcelona.
Voted among the top ten service brands in the country in the latest Pitch-IMRB
international survey
Initiates the Mega Saving "Monthly Bachat Bazaar" campaign, to provide deals on
groceries and food items during the first week of every month.
Mahendra Singh DhoniandAsin, youth icons of India, were chosen as the brand
ambassadors of Big Bazaar
Wins CNBC Awaaz Consumer Awards for the third consecutive year. Adjudged the
Most Preferred Multi Brand Food & Beverage Chain, Most Preferred Multi Brand
Retail Outlet and Most Preferred Multi Brand One Stop Shop
Vidya Balanwas chosen as the brand ambassador of Big Bazaar's Price Challenge
exercise
Big Bazaar has come up a new logo with a new tag line: 'Naye India Ka Bazaar'. [10]
operation. It is asubsidiary of Future Group Venture Ltds, and follows the business
model of United States-basedWal-Mart. Facilities offered by Big Bazaar Online
shopping: Big Bazaar has an officialwebsite, FutureBazaar.com, which is one of the
most favorite sites among people of India foronline shopping. Future Bazaar is an
online business venture of Future Group, which sells anassortment of products such
as fashion, which includes merchandise for men and women, mobileaccessories,
mobile handsets and electronics like home theatres, video cameras, digital
camera,LCD TVs, kitchen appliances and many more. Discounts: Hfte ka sabse sasta
din was introduced by the Big Bazaar, wherein extra andspecial discounts were
offered on Wednesday every week, to attract the potential buyers intotheir store.
Security check: At each exit of Big Bazaar, they use alarm systems or Electronic
ArticleSurveillance system, which detects the products that has attached tags or
not.1. Big Bazaar is a chain of hypermarket in India, which caters to every familys
needs andrequirements.2. Big Bazaar has released the doors for the fashion world,
general merchandise like sportsgoods, cutlery, crockery, utensils, and home
furnishings etc. at best economical prices.3. Big Bazaar group offers more than 100
stores all over the country with an amalgamationof Indian bazaars feel and touch
with a convenience and choice of the modern retail facilities4. The worldwide country
chain, Big Bazaar, is formed by CEO of Future Group, Mr.Kishore Biyani. Their basic
attraction associated with reasonable prices is their Unique SellingPrice.
k
n
a
h
T ou
y