Professional Documents
Culture Documents
The foundation of Shoppers' Stop was laid on October 27, 1991 by the K. Raheja Corp. group of companies Premium Retail Brand in the country Started with only male apparels Shoppers Stop is listed on the BSE
First store in Andheri, Mumbai
Young couples whose monthly household income is above 20000 and annual spending of 15,000rupees
Shoppers Stops customer loyalty program is called The First Citizen It has database of over 2,50,000 members who contribute to 50% of the total sales
The only retailer from India to become a member of IGDS The IGDS consists of 29 experienced retailers from all over the world, which include established stores like Selfridges (England), Karstadt (Germany), Shanghai No. 1 (China), Matahari (Indonesia), Takashimaya (Japan), C K Tang (Singapore), Manor (Switzerland) and Lamcy Plaza (Dubai).
The Organisation, in 2000, along with ICICI ventures also acquired the reputed bookstore, Crossword, which offers the widest range of books along with CD-ROM, music, stationery and toys. Services like Dial-abook, Fax-a-book and Email-a-book enable customers to shop from their homes. Crossword currently has 18 Stores.
The first few retailers to use scanners and barcodes and completely computerise its operations
One of the few stores in India to have retail ERP in place, which is now being integrated with Oracle Financials and the Arthur Planning System, the best retail planning system in the world
Helping hand of ERP
Variety Range Different brands Pioneer standalone stores Low Risk Good Financial Position Presence Across various Segments
Very high rates Less Schemes Less Discounts Competition from westside, globus, etc
Awareness about the brands Quality Youngsters choice Private Levels Enter new consumer goods segment
Entrance of new players Entry of foreign Players Govt. policies Unorganized sector
STORE LAYOUT
4 Ps
Sales Promotion
ADVERTISING
Direct Marketing C
Point of Purchase
Special Events
Public Relation
Shoppers Stop offer Gift Vouchers of denomination ranging from Rs 250 to Rs 5000
Shoppers Stop has announced a 101-day Shopping Bonanza to pull in customers into the stores
Lucky draw winners of the contest will get to see one of the seven wonders of the world and two lucky couples who get the grand prize will be treated to a round-trip which will cover all the seven wonders of the world
Shah Rukh Khan for all mega events because they both dominate their respective industries. He reflects the perfect image of Shoppers Stop
Shoppers Stop entered into agreement with CRY to retail eco-friendly paper bags designed by underprivileged children. The part proceeds from the sale of the bags were donated to project supported by CRY
The Wardrobe Exchange saw tremendous response with 80,000 old garments collected from customers, which were donated to projects of Concern India Foundation.
The name "First Citizen" reflects their commitment to offering their customers the ultimate shopping experience As a First Citizen, customers shopping experience becomes even more enjoyable with: Reward Points for every time you shop at Shoppers Stop Exclusive benefits & privileges Exclusive offers ever so often Updates on what you can look forward to shop for at Shoppers Stop Exclusive cash counters at Shoppers Stop so you can spend more time shopping than waiting in a line
1991 Began Modern retail revolution in India 1992 include suiting, Ladies & boys wear 1993 Added Casuals, Kids wear, Jewellery, Fragrances, Cosmetics & Watches (1st Dept. store) 1994 Launched exclusive loyalty program : The First Citizens Club & 1st In-house label : STOP 1995 Second store in Bengaluru 1996 Started exiting MarCom & Festival of Britain 1997 Corporate body, Launched Parikrama
1998 Awarded as IGDS. All Employees as CCA 1999 Retail Revolution in Delhi (Ansal Plaza) & Jaipur 2000 Crossword JV. SS Launched in Chennai 2001 1st Indian retailer to adopt ERP 2003 Stepped into the east with launch in Kolkata 2004Voted Indias most favorite retail destination 2005 HomeStop Launched in bengaluru. 17.25% oversubscription of IPO
2006 Retailer of the Year 2007 Created movie merchandising history with OSO collection. Acquired 19% stake in Hypercity 2008 Awarded Emerging market retailer of the year
2009 Pioneered mascot licensing through an exclusive tie-up with Vodafone for their brands mascot Zoozoo.
2010 Operations Expanded to 36 stores across 15 cities 2011 Recognized as the Most Respected Company in Retail Sector by Business World.
Parichay
Learning and Development Center Jo Jeeta Wohi Sikandar
Energy Conservation
Back to Earth by HomeStop Brand Campaign Start Something New
Homestop
Crossword
Mothercare
Este Lauder
MAC
Clinique
Competition from new luxury mall operators like DLF and MFG as well as local
An additional excise Duties Bringing Global brands Este Lauder (Cosmetics), Mustang & MNG (apparel) 17% yoy category & 30-35% industry growth Expansion in tier II (25 cities & than all 35) 5-6 stores next month itself
More schemes
Discounts Start using eco-friendly cotton Introduce low cost brands Standardization in loyalty programs
Proper product training for CSA so that they can clear the minor queries of the customer regarding fabric quality, composition etc
QR codes for all brands & categories
In 2005 Brand Positioning changed from Feel the experience to Shopping and Beyond.
Again it Repositioned and reinvented as a bridge to luxury brand with the unveiling of the new logo and tagline, START SOMETHING NEW
Change is essential, our consumer are changing ,their preference are constantly evolving .They are getting younger .And so we have to change along with them.
Customer care associates & MD
Younger Generation
Customer Preferences New Shopping Pattern
Analytic in approach
Brand campaign
Social media marketing
Film Merchandising
End-of-Season Sale
Collectible shopping bags with different themes and launched the first in the series based on the theme Fashion for the Ages
First brand to introduce the concept of Customer Care Associate introduced a new concept by setting up trial rooms with day and night lighting options
Contract Advertising
OOH and Print
Contract advertising is the agency 60% of sales comes from first citizen customer Tie up with Citibank Use Oracle/JDA 40 upcoming stores in Tier I,II,III cities Give various promotion offer to lure customer when fresh stock comes
Despite of high prices of products, they manage to attract the customers because of their good marketing strategies They are the only retail chain in India who provides the best and no. of products as compared to others
The company intends to bring the worlds best retail technology, retail practices and sales to India.
Shoppers Shop Were Unable To Satisfy Their Customer thats why they did re-branding The Main Reason Is That We Can Conclude Is That The Customers Of Stoppers Shop Were Expecting Something Major Changes In Price And Special Offers
Ankita Madia-8
Fazal Abbas Muni-24 Kunal Yadav-42
Rahat Adenwalla-73
Reena Gupta-77