Future Lifestyle Fashions
Future Lifestyle Fashions
Future Lifestyle Fashions
INTERNSHIP
AT
of Master of Business
Administration
Mahatma Gandhi
University,
Kottayam.
Submitted by
MUHAMMED MANAF
2016-2018
ACKNOWLEDGEMENT
First of all, I thank God almighty for his abundant grace and mercy which enabled us in
the
finalization of this internship and organizational study. The support and help of a few
people
made it a worthwhile experience. I thank the management for providing all the
infrastructure
Management for providing us the best facilities and atmosphere for the development
and
implementation of our project. I thank Mr. Siby Joseph, HOD for his encouragement
and
support also I thank my mentor Mr. Cris Abraham for his valuable suggestions and
support.
guide Mr. Faheem Pasha Marketing Assistant Central 3, J.P. Nagar for guiding me
throughout
the Industrial Training.
I also remember with gratitude, all the employees of Central Mall, who provided me with
DECLARATION
declare that this organizational study and internship report conducted at “CENTRAL
MALL JP
rd.
NAGAR” has been submitted in partial fulfilment of the requirement of the 3
semester for the
GANDHI UNIVERSITY and this is a record of original work, done by me under the
guidance of
I also declare that this report is the result of my own efforts and has not been submitted
earlier to
time
before.
Plac
e:
Date: Name:
CONTENTS
CHAPTER-
1 ...........................................................................................................................................
1.1
INTRODUCTION ...............................................................................................................
............
1.2
SCOPE ..............................................................................................................................
............
1.3
SIGNIFICANCE .................................................................................................................
.............
1.4 PERIOD OF
STUDY .......................................................................................................................
1.5
OBJECTIVES ....................................................................................................................
.............
PRIMARY
OBJECTIVE....................................................................................................................
..
SECONDARY
OBJECTIVES ...............................................................................................................
1.6
METHODOLOGY ..............................................................................................................
............
1.7
LIMITATION ......................................................................................................................
...........
CHAPTER-
2 ...........................................................................................................................................
.
INDUSTRY
PROFILE ..............................................................................................................................
.
2.1
HISTORY...........................................................................................................................
............
2.2 TYPES OF
COMPANIES.................................................................................................................
MAJOR
PLAYERS ......................................................................................................................
......
2.3
EMPLOYMENT .................................................................................................................
............
2.4
GROWTH ..........................................................................................................................
...........
CHAPTER-
3 ...........................................................................................................................................
COMPANY
PROFILE ..............................................................................................................................
.
LOGO: ...........................................................................................................................
.................
3.2
INTRODUCTION ...............................................................................................................
............
CORE
VALUES .........................................................................................................................
.......
PROPERTIES OF FUTURE
GROUP ..................................................................................................
GUIDING
PRINCIPLES .................................................................................................................
....
CENTRAL FASHION
MALL .................................................................................................................
PRODUCTS AND
SERVICES .............................................................................................................
3.4 DEPARTMENT
PROFILE ...............................................................................................................
3.5
COMPETITORS ................................................................................................................
.............
3.6 SWOT
ANALYSIS .........................................................................................................................
.
CHAPTER-
4 ...........................................................................................................................................
INTERNSHIP DEPARTMENT
PROFILE.....................................................................................................
MARKETING
DEPARTMENT ...........................................................................................................
4.5 DEPARTMENTAL
OBJECTIVES ......................................................................................................
CHAPTER
-5 ..........................................................................................................................................
.
KEY
LEARNING............................................................................................................................
...........
5.1 JOB
DESCRIPTIONS ...............................................................................................................
.......
5.2 THEORATICAL
BACKGROUND .....................................................................................................
5.6CONCLUSION .............................................................................................................
...................
BIBLIOGRAPHY ...............................................................................................................
...................
6
CHAPTER-
1
7
1.1 INTRODUCTION
Internship and organisational study is a part of MBA program which a student has to
undergo
two months training during the course of study. It narrows the gap between theoretical
knowledge
and practical situations. An intern has to prepare a report at the end of the internship
period but
the main objective of the internship is to get the hands-on experience of the real world
organisation. This will allow the students to be prepared for the upcoming corporate
challenges
Upon subsequent research to find the best suitable organisation to match my area of
interest; I
selected the Marketing Department of a Fashion Mall supremely known for giving more
importance for its customers, employees and for its well defined quality services-
Central Mall,
a unit of Future Lifestyle Fashions which is owned by Future Group. The study and
internship
done at Central Mall gave me an insight into the various operational levels of the
organization.
It gives practical knowledge about the functioning of the Fashion Mall that underlines
the
theoretical knowledge. During the period of two months, I was able to experience the
various
function of different departments in the Central Mall. I tried to cover all major functions
of
marketing Management- Transportation, Storage, Planning, Advertising,
Promotion, etc.
1.2
SCOPE
The report is based on the study conducted at Central Fashion Mall. The following are the
scope of
➢ The study mainly focused on the overall understanding of the Marketing Department of
Central Fashion
Mall.
➢ The study also aims to know about the functions and procedures in various departments in
the
organisation.
➢ Beyond the theoretical knowledge of the study it is helpful for me to get acquaintances with
➢ The study helped me to measure the effectiveness of offers among the customers at Central
Fashion
Mall.
➢ It aims to understand the skill of the Marketing team to convince a customer to buy the
produc
t.
1.3 SIGNIFICANCE
➢ The significance of the study and internship is that it helps to gain knowledge and
experience
and also provided the opportunity to study and understand the prevalent policies
and
1.4 PERIOD OF
STUDY
1.5
OBJECTIVES
PRIMARY OBJECTIVE
• To gain practical experience in the jobs carried out in the Marketing Department of
Central
Fashion
Mall.
SECONDARY
OBJECTIVES
Central Fashion
Mall.
• To familiarize with the organisations operation and activities, management style and to
realize
the gap between the theoretical knowledge with the real world
scenarios.
1.6 METHODOLOGY
DESCRIPTIVE STUDY
as simply the attempt to determine, describe or identify what is, while analytical
research
SOURCES OF
DATA
➢ PRIMARY
SOURCES
➢ SECONDARY
SOURCES
1
0
1.7 LIMITATION
The limitations
were:
• Busy working environment since it was an old branch and the number of Customers
were
high
.
• Customer interaction was limited as Customers were busy purchasing and don’t like
to be
intercepte
d.
1
1
CHAPTER
2
INDUSTRY PROFILE
1
2
INTRODUCTION
The Apparel Industry consists of companies that design and sell clothing, footwear and
accessories.
Product categories include everything from basics, such as underwear, to luxury items, for
example,
selling large quantities of goods to retailers, which then marked-up items and sold them to
consumers
at a profit. However, it's become more difficult to draw a line between wholesalers and
retailers;
2.1 HISTORY
clothes. Some observers distinguish between the fashion industry (which makes “high
fashion”) and
the apparel industry (which makes ordinary clothes or “mass fashion”), but by the 1970s
the
boundaries between them had blurred. Fashion is best defined simply as the style or
styles of
clothing and accessories worn at any given time by groups of people. There may appear
to be
differences between the expensive designer fashions shown on the runways of Paris or
New York
and the mass-produced sportswear and street styles sold in malls and markets around
the world.
retailing, advertising, and promotion of all types of apparel (men’s, women’s, and
children’s) from
the most rarefied and expensive haute couture (literally, “high sewing”) and designer
fashions to
ordinary everyday
clothing
The fashion industry is a product of the modern age. Prior to the mid-19th century,
virtually all
clothing was handmade for individuals, either as home production or on order from
dressmakers
and tailors. By the beginning of the 20th century—with the rise of new technologies such
as the
sewing machine, the rise of global capitalism and the development of the factory system
of
production, and the proliferation of retail outlets such as department stores—clothing had
fashion industry developed first in Europe and America, today it is an international and
highly
globalized industry, with clothing often designed in one country, manufactured in another,
and sold
in a third. For example, an American fashion company might source fabric in China and
have the
1
3
clothes manufactured in Vietnam, finished in Italy, and shipped to a warehouse in the
United States
for distribution to retail outlets internationally. The fashion industry has long been one of
the largest
employers in the United States, and it remains so in the 21st century. However,
employment
on the fashion industry typically are reported for national economies and expressed in
terms of the
industry’s many separate sectors, aggregate figures for world production of textiles and
clothing are
difficult to obtain. However, by any measure, the industry inarguably accounts for a
significant
The fashion industry consists of four levels: the production of raw materials, principally
fibres and
textiles but also leather and fur; the production of fashion goods by designers,
manufacturers,
contractors, and others; retail sales; and various forms of advertising and promotion.
These levels
consist of many separate but interdependent sectors, all of which are devoted to the goal
of satisfying
consumer demand for apparel under conditions that enable participants in the industry to
operate at
a
profit.
USD 865 billion, by 2023, from the current USD 490 billion. The share of apparel in
India’s retail
market is 8%, corresponding to a value of USD 40 billion. In addition to fashion apparel,
the
growing demand for fashion accessories makes the Indian fashion market both
interesting and
lucrative. The Indian fashion retail market has witnessed several fascinating changes
and challenges
in recent years, which are indicators of the country’s evolving fashion retail market. The
challenges
associated with these changes need to be addressed in the most efficient and prudent
manner in
Sou
r
1
4
SOURCE : India – briefing
( 2018)
Indian fashion brands are constantly reinventing themselves to evolve with the
increasingly
to the revenue generated per square foot in physical stores. Therefore, fashion brands
are reviewing
their store networks and undertaking conducting structured research when it comes to
location,
rentals and sales generation. In the last decade, there has been a manifold increase in
the number of
malls, but the quality retail real estate space is still quite limited. Therefore, fashion
retailers are
currently not only competing for consumer wallet share but also for prime real estate
space due to
the shortage of quality retail real estate developments in India. Demand for right quality
retail spaces
Across Indian shopping malls, there has a significant rise in the number of retailers in the
premium
and high-end fashion segments over the last decade. However, it has become more
important than
ever before for retailers to understand the need for customisation of product offerings
and formats
across different micro-markets. We have seen that what works in a shopping mall in one
region may
not work in another. Within the fashion segment, there are also variations in type and
positioning
of brands across various malls depending upon the location and catchment. In other
words, the real
1
5
estate strategies of fashion retailers are customised according to micro-markets, taking
into account
In order to cater to aspirational and discerning consumers, newer formats that integrate
technology and improved shopper experience have been conceptualized. Retailers have
become
efficiency, adoption of technology and increased in-store engagement has become the
mantra for
success. Currently, the fashion category occupies 45-60% of mall spaces in India. The
past few
years have seen the emergence of national-level women ethnic and fusion wear brands
which are
expanding aggressively across the country. Western wear brands, including fast fashion
and casual
The key trends witnessed in the fashion category over the years
include:
mall
s
• Regular churn in prime shopping malls to accommodate newer global and high
performing
brand
s
The
Future
1
6
• Fashion retailers will continue to command a prominent presence in Indian shopping
malls.
It is expected that more fashion brands will open ‘experience stores’ and newer
formats,
• Established fashion retailers will look for opportunities in secondary and tertiary cities
in
order to grow
further.
• National fashion retailers are expected to innovate and come up with newer formats
to sustain
• The Indian fashion retail market is open for greater brand assortment, but requires
customized
networks to maximize
profitability
Market
Overview
Indian economy, one of the fastest growing economies of the world, is witnessing major
shifts in
retail scenario has shown sustainable long-term growth compared to other developing
economies.
Indian apparel industry which is the second largest contributor in the retail industry after
food and
grocery is seeing some major shifts. Entry of international brands, changes in preferences
from non-
branded to branded, the fast growing economy, large young consuming population in the
country has
made India a highly lucrative market. India has the world’s largest youth population, which
is
becoming fashion conscious owing to mass media and social media penetration. This has
opened
unprecedented retail market opportunities. The promising growth rate of 9.7 per cent
makes the
Indian fashion industry prominent in the retail sector. Within the retail categories, apparel
retail has
corporatized retail in apparel has also paved the way to introduce more formal and
systematic
1
7
retail market has managed to harness the advantages offered by modern management
concepts
leading to improved product offering, better customer management and scientific supply
chain
management techniques. It is expected that apparel retail will continue to witness deeper
penetration
of corporatized retail beyond the major urban clusters and the increase in the demand of
branded
products. The Indian apparel market can be broadly classified into men’s wear, women’s
wear and
kids wear. Currently, men’s wear holds major share in the apparel
market.
Men’s
wear
The various product categories of men’s wear segment include shirts, trousers, suits,
winter wear, t-
shirts, denim, daily wear, active wear, ethnic, innerwear, etc. Shirts are the single largest
category in
men’s wear, followed by trousers and denim. In recent years, denim, active wear and t-
shirts have
shown promising growth and are expected to grow at high CAGRs of 14 per cent, 14 per
cent and
12 per cent respectively, owing to changing preference of the consumers. While denim
and t-shirts
have matured as categories and have shown a consistent growth over a considerable
period of time,
active wear has recently evolved and has high growth potential. This is due to the boom in
fitness
and healthcare. In addition, the consumers in India have evolved and now understand
that clothing
for fitness is different from everyday clothing. These factors contribute to high growth
projections
of 14 per cent over the next decade. The growth in this category is not just restricted to
metros and
Tier -I cities and has shown growth in Tier –II and –III cities as
well.
Women’s
wear
The women’s wear market in India contributes 38 per cent of the total apparel industry.
Globalization
coupled with fast fashion has resulted in awareness on fashion trends and styling.
Further, the
increase in number of working women has fueled the women’s wear market. The demand
is expected
for western wear, fusion wear and occasion specific ethnic wear. Women’s wear in India
comprises
of ethnic wear, western wear, Indo-western, innerwear, etc. Ethnic wear is the single
biggest category
in women’s wear segment with a share of 66 per cent. In ethnic wear, the saree is
perhaps the most
common traditional Indian dress for women and has a market of Rs 37,837 crore. Though
a market
shift is expected from saree to salwar kameez and western wear in urban and semi-urban
markets,
1
8
saree will still remain as the predominant category among elderly and middle aged
women across
Salwar kameez is another dominating category in ethnic wear, especially among the
working women
because of its comfort level. it has started facing stiff competition from the western wear
owing to
increased number of working women in the country, especially in urban areas. The
increased
The innerwear category is another promising category in the women’s wear market.
Branded
innerwear presently contributes about 35- 40 per cent of the total women’s innerwear
market and is
expected to reach to 40-45 per cent in 2020. Women’s t-shirts and tops categories are
also growing
Kid
swear
The kids wear segment is one of the fastest growing segments in the Indian apparel
market. With
such market potential, a number of national and international players have entered this
segment.
India, being one of the youngest nations in the world with 29 per cent of its population less
than 14
years is a lucrative market. The competition between the new entrants and existing
players has
ultimately benefited the Indian consumers as the firms have shifted their focus to improve
the quality
With growing disposable income, exposure to global fashion trends and entrance of
foreign brands
in the country – spending on kids wear by Indian populace has increased. The kids wear
market can
Boy’s
wear
The various categories among boy’s wear are t-shirts, denims, bottom wear, ethnic, winter
wear and
uniforms. Uniforms, t-shirts and bottom wear are the dominating categories among boy’s
wear. They
together contribute around 78 per cent of the total boy’s wear market. However, t-shirts
and denims
are considered high growth potential categories in the segment with a CAGR of 12 per
cent and 15
per cent respectively. The increased fashion awareness among kids has made western
wear such as
1
9
Girl’s
wear
Girl’s wear market, which accounts for remaining 49 per cent of the kids wear market,
comprises of
bottom wear, ethnics, t-shirts, denims, dresses, winter wear and uniforms. Like boy’s
wear, uniforms
are the dominating category among girl’s wear as well. Another dominant category in this
segment
is ethnic wear, which comprises 23 per cent of the girl’s wear market. But, a major shift
has been
seen in trend among girl’s wear in recent years. Western wear categories such as denims
and t-shirts
2.1 HISTORY
selling clothes. Some observers distinguish between the fashion industry (which
makes “high
fashion”) and the apparel industry (which makes ordinary clothes or “mass fashion”),
but by the
1970s the boundaries between them had blurred. Fashion is best defined simply as
the style or
styles of clothing and accessories worn at any given time by groups of people. There may
appear to
York and the mass-produced sportswear and street styles sold in malls and markets
around the
children’s) from the most rarefied and expensive haute couture (literally, “high
sewing”) and
The fashion industry is a product of the modern age. Prior to the mid-19 th century,
virtually all
clothing was handmade for individuals, either as home production or on order from
dressmakers
and tailors. By the beginning of the 20th century—with the rise of new technologies
such as the
sewing machine, the rise of global capitalism and the development of the factory
system of
globalized industry, with clothing often designed in one country, manufactured in another,
and sold
2
0
in a third. For example, an American fashion company might source fabric in China and
have the
for distribution to retail outlets internationally. The fashion industry has long been
one of the
largest employers in the United States, and it remains so in the 21 st century. However,
employment
data on the fashion industry typically are reported for national economies and expressed
in terms of
the industry’s many separate sectors, aggregate figures for world production of
textiles and
clothing are difficult to obtain. However, by any measure, the industry inarguably
accounts for a
The fashion industry consists of four levels: the production of raw materials, principally
fibres and
textiles but also leather and fur; the production of fashion goods by designers,
manufacturers,
contractors, and others; retail sales; and various forms of advertising and promotion.
These levels
consist of many separate but interdependent sectors, all of which are devoted to
the goal of
satisfying consumer demand for apparel under conditions that enable participants in the
industry to
operate at a
profit.
reach USD 865 billion, by 2023, from the current USD 490 billion. The share of apparel
in India’s
growing demand for fashion accessories makes the Indian fashion market both
interesting and
lucrative. The Indian fashion retail market has witnessed several fascinating
changes and
challenges in recent years, which are indicators of the country’s evolving fashion retail
market. The
challenges associated with these changes need to be addressed in the most efficient
and prudent
Indian fashion brands are constantly reinventing themselves to evolve with the
increasingly
the revenue generated per square foot in physical stores. Therefore, fashion brands
are reviewing
their store networks and undertaking conducting structured research when it comes
to location,
rentals and sales generation. In the last decade, there has been a manifold increase in
the number of
malls, but the quality retail real estate space is still quite limited. Therefore, fashion
retailers are
2
1
currently not only competing for consumer wallet share but also for prime real estate
space due to
the shortage of quality retail real estate developments in India. Demand for right
quality retail
Across Indian shopping malls, there has a significant rise in the number of retailers in the
premium
and high-end fashion segments over the last decade. However, it has become more
important than
ever before for retailers to understand the need for customisation of product offerings
and formats
across different micro-markets. We have seen that what works in a shopping mall in
one region
may not work in another. Within the fashion segment, there are also variations in
type and
positioning of brands across various malls depending upon the location and
catchment. In other
words, the real estate strategies of fashion retailers are customised according to
micro-markets,
In order to cater to aspirational and discerning consumers, newer formats that integrate
technology
efficiency, adoption of technology and increased in-store engagement has become the
mantra for
success. Currently, the fashion category occupies 45-60% of mall spaces in India.
The past few
years have seen the emergence of national-level women ethnic and fusion wear brands
which are
expanding aggressively across the country. Western wear brands, including fast fashion
and casual
2
2
• Department
Stores
A department store is a set-up which offers wide range of products to the end-users
under one roof.
In a department store, the consumers can get almost all the products they aspire to
shop at one
place only. Department stores provide a wide range of options to the consumers and
thus fulfil all
• Discount Stores
Discount stores also offer a huge range of products to the end-users but at a
discounted rate. The
discount stores generally offer a limited range and the quality in certain cases might
be a little
Wal-Mart currently operates more than 1300 discount stores in United States. In India
Vishal Mega
• Supermarket
2
3
A retail store which generally sells food products and household items, properly
placed and
small grocery stores and caters to the household needs of the consumer. The various
food products
(meat, vegetables, dairy products, juices etc.) are all properly displayed at their
respective
departments to catch the attention of the customers and for them to pick any
merchandise
• Warehouse
Stores
A retail format which sells limited stock in bulk at a discounted rate is called as
warehouse store.
Warehouse stores do not bother much about the interiors of the store and the
products are not
properly
displayed.
Mom and Pop stores are the small stores run by individuals in the nearby locality to
cater to daily
needs of the consumers staying in the vicinity. They offer selected items and are
not at all
organized. The size of the store would not be very big and depends on the land
available to the
• Speciality Stores
As the name suggests, Speciality store would specialize in a particular product and
would not sell
anything else apart from the specific range. Speciality stores sell only selective
items of one
particular brand to the consumers and primarily focus on high customer
satisfaction.
Example -You will find only Reebok merchandise at Reebok store and nothing else, thus
making it
• Malls
Many retail stores operating at one place form a mall. A mall would consist of several
retail outlets
2
4
• E Tailers
Now a day the customers have the option of shopping while sitting at their homes. They
can place
their order through internet, pay with the help of debit or credit cards and the products are
delivered
at their homes only. However, there are chances that the products ordered might not
reach in the
same condition as they were ordered. This kind of shopping is convenient for those
who have a
hectic schedule and are reluctant to go to retail outlets. In this kind of shopping; the
transportation
• Dollar Stores
Dollar stores offer selected products at extremely low rates but here the prices
are fixed.
INDUSTRY
DMart is a supermarket chain that offers customers a range of home and personal
products under
one roof. Each DMart store stocks home utility products, including food, toiletries,
beauty
products, garments, kitchenware, bed and bath linen, home appliances and others.
The company
offers its products under various categories, such as bed and bath, dairy and frozen,
fruits and
vegetables, crockery, toys and games, kid’s apparel, ladies garments, apparel for men,
home and
personal care, daily essentials, grocery and staples, and DMart brands. DMart has a
presence in
2
5
over 158 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh,
Karnataka,
Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan. The company
has multiple
Shoppers
Stop
through departmental stores. Its products include apparels and non-apparels. Its
non-apparel
category includes cosmetics, personal accessories and leather goods, home wares,
electronics,
books and music. The company, through its website, Shoppersstop.com, offers
international and
national brands in men’s, women’s and kids apparel; gifts and fashion accessories,
such as ladies
women’s footwear, home furnishing and décor products. It has over six private
brands namely
STOP, Kashish, Life, Haute Curry, Velorio Fratini and Elliza Donatein. It offers First
Citizen
Loyalty Program for customers. Its application is available on Google Play Store and
Apple App
Stor
e.
Aditya Birla Fashion and Retail Ltd. (ABFRL) formerly known as Pantaloons Fashion
& Retail
Limited was formed after the consolidation of the branded apparel businesses of
Aditya Birla
Group comprising Aditya Birla Nuvo Ltd.’s (ABNL) Madura Fashion division and
ABNL’s
subsidiaries Pantaloons Fashion & Retail Limited (PFRL) and Madura Garments
Lifestyle Retail
Company Limited (MGLRCL) in May 2015. Post the consolidation PFRL was renamed
as Aditya
Birla Fashion and Retail Limited with effect from 12 January 2016. ABFRL is
India’s No 1
Fashion Lifestyle entity. It altogether hosts India’s largest fashion network with over 8000
points of
sale in over 700+ cities and towns which include more than 2000 exclusive ABFRL
brand outlets.
Pantaloons Fashion & Retail Limited (PFRL) was listed on the bourses and
trading in the
Scheme of Arrangement under Sections 391-394 of the Companies Act 1956 entered
into between
Future Retail Limited (earlier known as Pantaloon Retail (India) Limited) (FRL) PFRL
and their
respective shareholders and creditors and Indigold Trade and Services Limited
(ITSL) (as the
2
6
shareholder of PFRL) regarding the demerger of the Pantaloons Format Business
(Demerged
meeting held on 8 April 2013 after receipt of all the requisite approvals and on
completion of all
the conditions precedents enumerated in the Scheme. Accordingly as per the terms of
the Scheme
the entire Demerged Undertaking was transferred to and vested in PFRL with effect
from 1 July
2012. In terms of the Scheme the name of the company was changed from Peter
England Fashions
and Retail Limited to Pantaloons Fashion & Retail Limited (PFRL) and the Authorised
Equity
Reliance Retail
Ltd.
it is the largest retailer in India in terms of revenue. Founder of Reliance Retail is Mukesh
Ambani
and V Subramaniam is CEO. Its retail outlets offer foods, groceries, apparel and
footwear, lifestyle
and home improvement products, electronic goods, and farm implements and
inputs. The
Trent Ltd
(Westside)
The company has already established 151 Westside departmental stores measuring
8,000-34,000
sqft in floor space across 82 cities. The Westside format offers a predominantly
exclusive brands
model across women’s wear, menswear, kids’ wear, footwear, lingerie, cosmetics,
perfumes and
handbags, household furniture and accessories. Well designed interiors and prime
locations
enhance the customer’s shopping experience. Trent ventured into the hypermarket
business in 2004
with Star Bazaar, providing an assortment of products made available at the lowest
prices, aptly
exemplifying its ‘Helping you spend less’ motto. This store offers customers an array of
products
that include staple foods, beverages, health & beauty products, consumer electronics and
household
2
7
items at the most affordable prices. Star Bazaar also includes a large range of
fashionable in-house
and beauty products, vegetables, fruits, dairy products, consumer electronics and
household items
at the most affordable prices. Star Bazaar also includes a large range of
fashionable in-house
2.4 EMPLOYMENT
Retailing in India is one of the pillars of its economy and accounts for about 10 percent of
its GDP.
The Indian retail market is estimated to be US$ 600 billion and one of the top five retail
markets in
the world by economic value. India is one of the fastest growing retail markets in the
world, with
1.2 billion
people.
• Store managers are at the forefront of the retail business as they interact
with staff
and customers on the shop floor. You would have general responsibility for
meeting
suitable for a store’s customers. You could buy for a department, a store
or even a
bringing in new lines that will be popular and set your store apart
from the
competitio
n.
amount of stock. You would predict which products will be the best
sellers, what
2
8
lines you should stock in the future and how much money your
department will
boost sales. You would consider space, lighting and store guidelines while
boosting
products and are needed for a wide range of goods such as clothing, food,
electrical
goods and toys. You would also be responsible for creating new
products and
improving existing
ones.
• Fashion designers work for retailers and mass market design ‘houses’,
producing
possibl
e.
There are also roles available for people who have skills in finance and marketing.
Retailers need
2.5
GROWTH
Over the last two years, India, one of the world’s fastest growing economies, has
surpassed China
as the most lucrative retail market. The roll out of the much-anticipated Goods and
Services Tax in
2017 has brought good news for the retail industry in the country, creating a unified
market for
products and services as well as significantly eliminating superfluous tax burdens which
businesses
had to deal with until recently. The rise in demand for luxury goods and services,
as well as
2
9
premium brands, among Indians from both urban and semi-urban/rural geographies
over the past
these changing market dynamics, the projections for long-term growth in the industry
are steadier
The fashion/apparels retail sector is where the most growth in the future will be
centred.
Urbanisation across various parts of the country has led to an expanding retail market,
presenting a
lucrative opportunity for both domestic and international brands. With competition
from the e-
commerce industry only intensifying, several big names in Indian retail launched their
own online
channels in the past year. Growing digitisation has also resulted in the rise of
omnichannel
retailing, with the integration of offline selling and digital marketing paving the way for
greater
market
expansion
In another difference from major global markets, the men’s share of the fashion
market is
substantially higher than that of women. Though the gap is reducing, and by 2022, both
men’s and
women’s share of the total fashion market is likely to be 39% each. Keeping in
mind India’s
demographics wherein almost 28% of the population is below 15 years of age (325 – 350
million),
it is no surprise that kids account for nearly 20% of the total fashion market in 2017 and
their share
will actually increase marginally to 22% by 2022. With a steady increase in the
overall retail
spending of the Indian consumer, and specifically that of the fashion segment, India
has seen a
rapid increase in brands, both local and international, In recent years, one of the
biggest surprises
(for Indian retailers and Indian fashion brands) has been the spectacular success of
H&M and Zara
in particular. Both these retail brands have seen strong acceptance from Indian
consumers across all
the geographies that they are currently operating in, with their growth apparently limited
only by
their ability to find suitable retail locations across India and therefore their ability to
increase their
physical footprint in India. H&M is now trying to address this challenge by launching
their own
online shopping portal which should help them access many more potential customers
across India.
3
0
• Indian Fashion Industry has contributed to the higher increase in Export and
Import
share. India is the third largest producer of cotton and second largest
producer of
sil
k
3
1
CHAPTER
3
COMPANY PROFILE
3
2
3
3
Founded 2004
Jogeshwari
(East),
Mumba
i
3
4
Jogeshwari
(East),
Mumba
i
MUMBAI
Primary Location
3
5
CENTRAL
benefits of shopping, eating and celebrating, right in the heart of the city.
Central is
noticeable initiative was the formation of key brand relationship teams for the
top ten
for both the store as well as the brand owners. As on June 2007, there were
4 Centrals
million sq. The fourth Central mall spread over nearly 150,000 square feet
was
most merchandise
categories.
Efforts are also being made to forgestrateg alliances with other established
international
brands.
3
6
3
7
Marketin
g
manager
Marketing
assistant
FUTURE
GROUP
Future Group is India’s leading business group that caters to the entire Indian
consumption space.
Led by Mr. Kishore Biyani, the Future Group operates through six verticals: operates
through six
Apart from Pantaloons Retail, the group’s presence in the retail space is complemented
by group
companies, Indus League Clothing, which owns leading apparel brands like Indigo
Nation, Scullers
and Urban Yoga, and Galaxy Entertainment Limited that operates Bowling Co, Sports
Bar and Brew
Bar
and
The group’s joint venture partners include French retailer ETAM group, US-based
stationary
products retailer, Staples and UK-based Lee Cooper. Group Company, Planet Retail,
owns and
operates the franchisee of international brands like Marks & Spencer, Next, Debenhams
and Guess
in
India.
The group’s Indian joint venture partners include, Manipal Healthcare, Talwalkar’s, Blue
Foods and
Liberty
Shoes.
Future Capital Holdings, the group’s financial arm, focuses on asset management and
consumer
credit. It manages assets worth over $1 billion that are being invested in developing retail
real estate
and consumer-related brands and hotels. The group has launched a consumer credit and
financial
supermarket format, Future Money and soon plans to offer insurance products through a
joint
The group is currently developing over 50 malls and consumption centers across the
country and has
One of Asia’s largest property companies Future Group’s vision is to, “deliver Everything,
Everywhere, Every time to Every Indian Consumer in the most profitable manner.” The
group
considers ‘Indian-ness’ as a core value and its corporate credo is - Rewrite rules,
Retain values.
“Future” – the word which signifies optimism, growth, achievement, strength, beauty,
rewards and
perfection. Future encourages us to explore areas yet unexplored, write rules yet
unwritten; create
3
8
new opportunities and new successes. To strive for a glorious future brings to us our
strength, our
The motto of Future Group, to not to wait for the Future to unfold itself but create future
scenarios
partner
s.
Their customers will not just get what they need, but also get them where, how and
when they
need. They are not just posting satisfactory results; they are writing
success stories.
Future Group is one of the country’s leading business groups present in retail, asset
management,
consumer finance, insurance, retail media, retail spaces and logistics. The group’s
flagship company,
Pantaloons Retail (India) Limited operates over 10 million square feet of retail space, has
over 1,000
stores and employs over 30,000 people. Future Group is present in 61 cities and 65 rural
locations
in India. Some of its leading retail formats include, Pantaloons, Big Bazaar, Central, Food
Bazaar,
Home Town, eZone, Depot, Future Money and online retail format,
futurebazaar.com.
Future Group companies includes, Future Capital Holdings, Future General India Indus
League
Clothing and Galaxy Entertainment that manages Sports Bar, Brew Bar and Bowling Co.
Future
Capital Holdings, the group’s financial arm, focuses on asset management and consumer
credit. It
manages assets worth over $1 billion that are being invested in developing retail real
estate and
3
9
4
0
Director
)
–Big Bazaar a hyper market chain followed by Food Bazaar, a super market chain which
blended the
look, touch and feel of Indian Bazaars with western hygiene. This was followed by
Central, a first of
Gopi Kishan Biyani is Commerce graduate and has more than twenty years of experience
in the
Textile
Business.
Rakesh Biyani is Commerce graduate and has been actively involved in category
management; retail
stores operations, IT and exports. He has been instrumental in the implementation of the
various new
retail
formats.
4
1
Ved Prakash Arya (Independent
Director)
previous assignments were CEO - Globus, H&R Johnson, Asia net Satellite
Communications,
Hathway
Investments.
Mr. Shailesh Haribhakti (Independent
Director)
Shales Hari bhakti is a Chartered Accountant, Cost Accountant, and a Certified Internal
Auditor.
He is the Deputy Managing Partner of Hari bhakti & Co., Chartered Accountants and past
president
of Indian Merchant
Chambers.
Corporation Ltd., Ambuja Cement Eastern Ltd. etc. He is on the Board of Company since
June 1,
1999
.
S. Doreswamy is a former Chairman and Managing Director of Central Bank of India and
serves on
the Board of DSP Merrill Lynch Trustee and Co and Ceat Ltd. among
others.
Dr. D.O. Koshy holds a doctorate from IIT, Delhi and is the Director of National Institute of
Design
(NID), Ahmadabad. HE was over 24-year rich experience in the textiles and garment
industry and
NIFT; Hyderabad chapter. She also serves on the board of Maharishi Commerce Ltd. and
Samay
Ms. Bala Deshpande is Executive Director ICICI Venture Funds and also serves on the
Boards of
Deccan Aviation, Nagarjuna Construction Welspun India and Shopper’s Stop Ltd
among others.
4
2
Mr. Nil Harish (Independent
Director)
Anil Harish is the partner of DM Harish & Co. Associates and solicitors and LLM from
university
of Miami. He also serves the Board Mahindra Gesco, Unitech, Induslnd bank and Hinduja
TMT,
among
others.
4
3
4
4
4
5
4
6
4
7
VALUE
S
• INDIANNESS: confidence in
ourselves.
4
8
MISSION
We share the vision and belief that our customers and stakeholders shall be served only
by creating
be the trendsetters in evolving delivery formats, creating retail realty, making consumption
affordable for all customer segments for all classes and for masses. We shall infuse
Indian brands
with confidence and renewed ambition. We shall be efficient, cost- conscious and
committed to
quality in whatever we do. We shall ensure that our positive attitude, sincerity, humility
and united
BUSINESSE
S
Future Group is a corporate group and nearly all of its businesses are managed through
its various
These are as
follows:
Fashion @ Big
Bazaar
Big 4
Bazaar
FBB 9
(Fashion @ Easy
Big Bazaar) day
Future
Group
retail
service
s
fbb has been satisfying the fashion enthusiasts of India with modern and trendy apparel
since the past eight years. With one specific idea of “making India thoda aur
stylish”, fbb have made it their mission to provide stylish quality fashion at pocket
friendly prices. Bringing global trends to Indian homes at affordable prices is what fbb is
all about. fbb attract new faces every day through an established pan India presence
in
more than 100 cities with over 340 fbb outlets, exclusive and inside Big Bazaar stores
as
well. Fbb has their own brands like Hey, Morpankh, DJ&C, Buffalo, Srishti, Knighthood,
Spunk, Pink & Blue and DJnC kids. A special line of Lee Cooper Original fashion
Big
Bazaar
Big Bazaar is an Indian retail chain of hypermarkets, discount department stores, and
grocery
stores. The retail chain was founded by Kishore Biyani under his parent organisation
Future
Group which is known for having a significant prominence in Indian retail and fashion
sectors. Big
Bazaar is also the parent chain of Food Bazaar, Fashion at Big Bazaar (abbreviated as
fbb) and eZone
where at locations it houses all under one roof, while it is sister chain of retail outlets like
Brand
Founded in 2001, Big Bazaar is one of the oldest and largest hypermarkets chains of
India, housing
about 250+ stores in over 120 cities and towns across the
country
EASY
DAY
Easy day is an Indian retail brand that runs chains of consumer retail supermarkets and
convenience
stores. The brand is wholly owned by Future Retail Ltd. Bharti Enterprises announced its
foray into
retail in February 2007 and the first store was opened in Punjab in April 2008. Easy day
presently
has 523 stores across 12 states.. Future Group, that owns and operate Big Bazaar,
combined retail
operations with Easy day in May 2015. The merger has created one of India's biggest
retail chains
5
0
FUTURE LIFESTYLE FASHIONS
CENTRAL
Central was built keeping in mind the proposition of offering the consumer the
benefits of
shopping, eating and celebrating, right in the heart of the city. Central is the best example
of pooled
insights and processes leading to new discoveries. A noticeable initiative was the
formation of key
brand relationship teams for the top ten performing brands in terms of revenue and
profits. This
resulted in maximized returns for both the store as well as the brand owners. As on
June 2007,
there were 4 Centrals operational in Bangalore, Hyderabad, Pune and Vadodara spread
over nearly
0.60 million sq.ft. The fourth Central mall spread over nearly 150,000 square feet was
launched in
Vadodara in January
2007.
merchandise management and brands retail team, as a pilot study. The important
aspect of
Inventory Management is also being addressed more effectively with the pilot
implementation of
RFID (Radio Frequency Identification Device) across some categories in all Central
stores. This
poised to expand its footprint to new cities with the opening of 3 more
malls.
The existing stores will be upgraded through addition of new product categories. Efforts
are also
BRAND FACTORY
Brand Factory is an exclusive chain of all year discount stores offering the very best of
national
clocked footfalls in excess of 2 million and nearly 30 per cent of customers at each
store were
repeat customers. The intent, with Brand Factory, was to offer the customer the
true brand
experience at discounted prices. It was the price that got slashed, not the
experience.
(each in excess of 60,000 square feet) showcase some of the best known brands
including Diesel,
Esprit, Levi’s, Wrangler, Pepe, Lee, Louis Philippe, Arrow, Bossini and Van Heusen.
Some new
categories introduced during the year under review include music, electronics and
luggage. As on
June 2007, there were 5 Brand Factory stores operational, spread over nearly 335,000
square feet in
Hyderabad, Bangalore, Pune and Ahmedabad. During FY 2008, nearly 5 Brand Factory
outlets were
launched in addition to the existing
stores.
OTHERS:-
FOOD
BAZAAR
Based on the company’s in-house consumer data and research, and in cognizance with
observations
refurbishments and layout design across all stores. The intention is to continuously
change with the
demands of the evolving Indian consumer. The total count of Food Bazaars as on 30th
June 2007
brands have been very competitive vis-à-vis the established brands in quality and price
terms, and
have scored better than major players in certain categories. The share of private
labels as a
merchandise
categories.
The Fresh & Pure brand entered categories of cheese slices, frozen peas, honey,
packaged drinking
water and packaged tea; the Tasty Treat brand received a favourable response in new
categories
like namkeens and wafers. In the home care category, Caremate launched aluminium foil
and baby
diapers while clean mate launched detergent bars and scrubbers. A new format „BB
Wholesale
5
2
Club‟ was launched and 4 such stores have been opened so far. To be managed by
Food Bazaar,
this format sells multi-packs and bulk packs of a select range of fast moving categories
and caters
to price sensitive customers and smaller retailers. The company has also forged
tie-ups with
companies like ITC, Adanis, DCM Group, USAID and other farm groups in
Maharashtra and
Madhya Pradesh to source directly from them. These alliances are expected to drive
efficiencies as
By the end of FY 07-08, the total number of Food Bazaar stores is expected
to be 200.
HOME TOWN
The company launched its first Home Town of 125,000 square feet in April 2007, at
Great India
Place, Noida. The second store opened in June 2007 at Acropolis Mall, Ahmadabad. The
total retail
area is at 255,000 square feet. The Home Towns were well received by customers and
trade. The
B2B business has received several enquiries and a separate business unit focusing on
institutional
trade has been formed. A few of the country’s leading real estate companies placed
orders worth
Rs.220 crore for 8,000 flats, with Home Town. 7 new Home Town stores are scheduled
to launch
upbeat about the business model and aims to emerge as a growth driver for the
category.
The company’s private labels in the consumer durables space, Koryo and Sensei have a
revenue
share of 20%. Private labels were introduced in LCDs, Digital Camera, MP3 players, Rice
Cookers
etc. To support the private label programme 30 after-sales service networks and call
centers are
operational. Home Solutions Retail (I) Limited has entered into 2 equal joint ventures with
India’s
market leader in the retail industry lighting segment and the fastest growing lighting
solutions
provider for the retail consumer, Asian Electronics. Asian Electronics, with a market share
of over
60% in the segment brings to the table its vast technical and manufacturing expertise.
Apart from
Pantaloon Retail, some of the customers serviced by the venture include Spencer’s
Retail, Infinity
Retail, Home Care Retail, Provogue, Welspun, Metro Cash & Carry and Food
World.
FSC is one of India’s largest organized third-party supply chain and logistics service
providers. FSC
offer automated and IT-enabled warehousing, distribution and other logistics solutions to a
wide
range of customers. The services offered by FSC are, warehousing structure; pan-India
distribution
5
3
network, “hub-and-spoke” transportation model and automated technology systems
support our
competitive market position. They operate in various sectors across India, including retail,
fashion
and apparel, automotive and engineering, food and beverage, fast-moving consumer
goods (FMCG),
FUTURE PAY
It is India's most convenient digital wallet to shop across Future Group outlets such as
Big Bazaar,
Brand Factory, Central, fbb, Food Bazaar & Ezone. It also allows you to manage all
the loyalty
accounts in user’s fingertips. Price Match, a one of its kind feature for comparison
shopping that
helps you make unbiased and neutral shopping decisions. An exclusive feature,
Price Match
ensures that our customer always gets the best price when shopping at Big Bazaar. It
compares our
prices with the advertised prices of local or online competitors. If our prices are found
higher, we
STRENGTH
• Everyday low price, which will attract consumers and had a wide benefit to the
company.
• Experienced work
force.
5
4
• Good promotional plan.
WEAKNES
S
floor of
Central.
OPPORTINITIES
• Introduction of offers which will attract both lower and middle class of the
society.
• Provide customers with purchase points in Future pay wallets, which can be
redeemed on
any
purchases.
THREATS
• Online Retailers.
5
5
• High competition.
• Change in customers taste and
preferences.
• High price of branded products will not attract the lower class of the
society.
CHAPTER
4
5
6
INTERNSHIP DEPARTMENT
PROFILE
5
7
4.1 ROLE AND FUNCTIONS OF THE DEPARTMENT
MARKETING DEPARTMENT
Marketing can be described as any activity that is carried on with the specific purpose of
conveying
information about the use, quality and value of a product or service in order to promote or
sell the
or a brand to the world in such a way that people are interested in it and wish to acquire it
and use it.
It serves the purpose of plugging the gap between the public’s requirement and the
products that are
availabl
e.
A marketing department promotes your business and drives sales of its products or
services. It
provides the necessary research to identify your target customers and other audiences.
Depending on
marketing might be at the helm. In some businesses, a vice president of sales and
marketing oversees
both the marketing and sales departments with a strong manager leading each
department.
It’s important to keep a strong marketing department intact regardless of the economy so
you remain
visible and keep sales
strong.
Research is
Vital
don’t know what features to design into products that will appeal to customers. Publicists
won’t know
what publications customers read or what industry topics journalists are covering.
Research is used
to measure buying habits, product use and opinions of your business as well as your
competitors.
The better your research, the less money you will waste – for example, by buying ads that
won’t
Connecting Customers to
Products
and predict what customers want in their products. It connects the customer to the product
with hard
data as well as emotional, qualitative information that can help product designers
differentiate your
5
8
products from those of a competitor. This information also helps marketing promotions by
Promotions and
PR
Marketing departments carry out promotional strategies for products and services, and
some may
also incorporate promotional activities, such as public relations, for the business as a
whole. The
promotions staff assists the sales force with sales promotions; offers public relations
support for
product launches, trade shows and other events; purchases advertising that illustrates
product benefits
and features; and pitches the product to media outlets. Promotion activities range from
creating
New Business
Development
Marketing works closely with sales in generating new business. Employees entice
prospects to
engage with your company in some way, even if it’s just visiting the website, and then
uses incentives
to get customers to continue thinking about the product so that the sales team can
convince them to
buy the product. This is called generating leads. Not every lead turns into a paying
customer, so
business development is ongoing. It can also include identifying new markets for existing
products
5
9
taken care by the GM in his absence Assistant Manager is the next power source. But in
my branch
there where one assistant marketing manager in the floor but all the major decisions are
taking with
the concern of the Marketing manager in the back office, who is responsible for the
managerial
decision
s.
6
0
• Measure the success of marketing
initiatives.
• Customer focus.
• Product Marketing.
• Demand
generation.
• Food courts
4.5 KEY
RESOURCES
Marketing
Research
Marketing department is responsible for all marketing research. Research is essential to
understand
the consumer needs and also to identify the market for the products that the company
hopes to sell.
Marketing research also helps to identify the strengths and weaknesses of the business
and its
competitors. This eventually helps a business to eliminate its weakness, work upon its
strength and
to exploit the weaknesses of the competitors to wean away the customers from the
competitors. The
Product
Development
Marketing department helps to create products that customers need or want and improve
upon the
ones that already exist to create better value for the customers. It is the job of the
marketing
department to analyse the sales of products already in the market, look for opportunities
to introduce
new products where there are gaps or change and improve products that are hard to sell.
Marketing
6
1
new products can be developed based on the customer insight provided by the marketing
team. The
marketing team is also responsible for determining the price of a product based on its
research and
promote the product and the brand. This will be performed through the help of the creative
team by
material is used to promote the product, services, and brand to the public in order to
create awareness
and to convert prospects into customers. The marketing department is provided with a
budget for
promotion, and it has to design its promotional activities within the budget. The marketing
department also manages the social media marketing for businesses. It does so with the
help of social
media experts who design and implement the strategy to promote the business and its
product on the
internet, create a buzz and utilize that buzz to attract customers and
improve sales.
Business
Development
In order to create new business, marketing and sales departments have to work together.
The
marketing team devises ways to engage prospects. This may be facilitated through
advertisements in
the media or internet via the website or the social media. It uses information and
incentives to keep
the prospects interested and provides an opportunity for the sales department to convince
the prospect
to buy the product. So the marketing department creates or generates leads for the sales
department
to pursue. Not all leads convert to customers. The process of lead generation and
creating new
4.6 DEPARTMENTAL
OBJECTIVES
Marketing department has its own importance in attracting customers to their products.
Offers set
by the Marketing team are the driving force of their business. They also believe that
their
employees work together to create customer delight and a place where each employee
understands
their responsibilities and delivers their jobs to the highest degree of professionalism. As
an
6
2
organization, they shall make every effort to develop and generate
more sales.
All the Marketing initiatives are built on the following core values and
beliefs:
• Creation of Demand
• Customer
Satisfaction
• Market share
• Generation of profits
• Customer
engagement
• Development of
sales.
6
3
CHAPTER
5
KEY LEARNING
6
4
5.1 JOB
DESCRIPTIONS
In 2 months of my internship I worked at Central Fashion Mall in the Marketing
Department. It gives
a great industrial exposure and detailed idea about the functions of Marketing Department
and to
Future pay is India's most convenient digital wallet to shop across Future Group
outlets such as
Big Bazaar, Brand Factory, Central, Fbb, and Food Bazaar &Ezone. It also allows the
user to
2) Use on-the-go with the mobile phones and avail exclusive offers at Future Group
Stores
5) Future pay allows its user to add money to the wallet using net banking, credit/debit
card or
• Customer feedbacks on the happiness sale which recently happened in the central.
Google
sheets was generated and I was assigned to ask customer’s to fill the
questionnaire. On the
basis of those answer’s, the marketing team will make changes in the promotional
plans in
future
.
Marketin
g
Marketing Kotler and Armstrong (2008), interpret marketing as “a social and managerial
process by
which individuals and groups obtain what they need and want through creating and
exchanging
products and value with others.” Although there are several definitions of the main
function of
marketing, the core message is that of attracting consumers. Attracting consumers can be
achieved
through satisfying consumer’s needs and wants. Although the message is simple, this
process can be
complex as consumer-buying patterns are changing, while consumers are also becoming
more
6
5
knowledgeable about product offerings, resulting in them becoming more
analytical
The Marketing
Mix
The marketing mix comprises of product, price, promotion and place. These controllable
variables
can be altered and adjusted to suit the organisation’s objectives. It is, therefore, vital for
organisations
to make use of this strategic planning process, and to match the needs of the consumer
with the
organisation’s marketing strategy. The marketing mix tools are a set of tools, which
organisations
use to realise their marketing strategies. The marketing mix, which is also called
the 4P’s
Product
mix
Products can be divided into two sections, namely consumer products, which are 32 for
personal use
or enjoyment, and business products, which are bought for resale or use in a business.
The use of the
products or, as Kotler and Armstrong (2008:42) define them, industrial products are often
Brandin
g
Branding is the process through which a product is given a name, logo and design.
Organisations
use branding to create a perception about the product and to set it apart from their
competition.
Consumers now have the task of choosing the brand of product that they would like to
buy, and there
are several factors that affect this decision process. Branding is supposed to add value to
the product
Price
mix
Price differs from the other three elements, since it is the only marketing element that
generates
direct turnover. Marketers should seek to find the optimum balance between cutting costs
and making
price should reflect the supply and demand relationship (Kotler & Armstrong, 1996:40).
Price is the
only element in the marketing mix that creates direct revenue. When planning the price of
a product
there are several pricing strategies, which should be considered. These are: (1)
penetration pricing;
(2) skimming pricing; (3) competition pricing; (4) product line pricing; (5) bundle pricing; (6)
6
6
psychological pricing; (7) premium pricing; and (8) optional
pricing
Distributio
n
Distribution refers to how the product reaches the consumer, for example, the point of
retailing or
sale dispersion. The organisation must distribute the product to consumers at the correct
place and
time. If the organisation wants to achieve its marketing objectives, efficient distribution
becomes
purchase products as a
result.
purpose at the time of developing the research plan. These are essential for a scientific
study for
ensuring that we have all relevant data for making contemplated comparisons and
analysis. The term
analysis refers to the computation of certain measures along with searching for patterns of
Interpretation refers to the task of drawing inferences from collected facts after an
analytical and for
The analysis of data and interpretations of data is difficult to draw. In fact, the two
processes merge
ideas that govern this task. If the end of product manner, then it is interpretable ideas that
govern this
task. If the end of the product analysis is the setting up of certain general conclusion, then
what these
conclusions really mean and reflect is the minimum that the researcher would want to
know.
Interpretation is the way of gain this knowledge. Thus the task of analysis is really hard,
incomplete
without interpretation come into play. Thus, interpretation is the device through which the
factors
that seem to explain what has been observed by researcher in the course of study can be
understood
and it also provide the theoretical consumption which can serve as a guide for further
research
FINDINGS
6
7
• Most of the customers feel more comfortable on offline purchase than online
purchases.
• Some of the promotional tools taken by the Marketing team is been well remembered
by the
• Trial offers are applied one week before the announcement of Main
offer.
• Sign boards have more impact on the customers and is been discussed with their
peer groups,
relatives, friends,
etc.
• Majority of the people have the tendency to wait for the day Happiness Sale day after
the
announcement of its
dates.
• Social media promotional measures have higher influence on the minds of the
customers.
• Sales Target for each brand has been increased up to 20% on every
sale days.
SUGGESTIONS
.
• The price of the products must be set in order to suit the lower class
customers also.
• In most of the customers, offers are memorable so company should come up with
more
attractive offers in
future.
• As more people opt for offline purchase, customer satisfaction should be given more
importanc
e.
5.5
CONCLUSION
Department. Most of the organization consider Marketing team to come up with new sales
ideas,
offers, Marketing technique, etc. which helps in the accomplishment of the organizational
goals. It
is through the combined effort of the people that material and majority resources are
efficiently
utilized for the attainment of common objectives. The organisational study and Internship
was
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8
conducted to gain knowledge about the Fashion Retail industry and to learn in detail the
Marketing
DAILY REPORTS
JOINING REPORT
a) Date of Joining: 2 – 05 –
2019
b) Name of the Organization: Central Mall – Future Lifestyle Fashions – FUTURE
GROUP
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0
c) Website:
https://centralandme.com
d) Address with location and pin code: Bangalore CENTRAL, Soul Space Spirit
Bellandur
like Big Bazaar and Food Bazaar, lifestyle stores like Brand Factory, Central etc.
The group
also has a notable presence in integrated foods and FMCG manufacturing sectors.
With a
aims to provide a perfect blend of modern and traditional fashion to the Indian
customer.
Central opened its first store in Bangalore in 2004. In January 2018, Central
operated over 30
DAILY
REPORT
1. Visit no: 01
2. Date:
02/05/2019
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1
of Future Group. Central opened its first store in Bangalore in 2004. In January
2018, Central
operated over 30 outlets in cities in India and planned to add more stores
in future.
11. Evaluation: Central Mall is a retail chain which comes under the Future Lifestyle
Fashions
which itself is a subsidiary of Future group Ltd is an organization which is not only
concentrated in making profit but also takes initiatives in employing the weaker
section of
the society by accepting SSLC pass people to work with at most standard and their
future
developme
nt.
12. Key Learning: Gained knowledge about the company and its
Working.
13. Plan for the next day: Continuing the introduction and getting to know more about
the
compan
y
DAILY
REPORT
1. Visit no: 02
7
2
2. Date:
03/05/2019
6. Objectives for the day: Continuing the introduction and getting to know more about
the
compan
y
7. Detail plan for the day: Brief study about the organization and walk through the mall
to
understand more about the different
sectors
10. Observation: Central Mall Yellenka offers textiles, wearing apparel, shoes, jewelry,
furniture
sportswear, women’s ethnic wear, women’s denim wear, women’s casual wear and
footwear.
11. Evaluation: Central mall provides brands with high quality at affordable rates and
also
provides other services like after sale services that the customer needs are
completely
12. Key Learning: Gained knowledge about the different sectors in the mall and their
workings
13.
Remarks:
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3
14. Plan for the next day: Understanding about the different brands they deal in
Central Mall
DAILY
REPORT
a) Visit no : 3
b) Date : 04 / 05 /
2019
c) Sign-in-time :11:00
am
d) Sign-out-time :6:00
pm
f) Objectives for the day :Understanding about the different brands comes under
Future
Lifestyle
Fashions
g) Detail plan for the day :Brief study about the FLF
brands
h) Forenoon activities :Walk through the
Mall
leisure-wear collection offering something for every age group. Other than
Bare,
1) Lee
Cooper
2) Indigo Nation
7
4
3) Bare
Denim
4)
Scullers
5) Jealous
21
6) John Miller
7)
Converse
8) Unbro
9) Spunk
10)
Champion
12) Urban
yoga
13)
UMM
14)
Lombard
15)
Ceriz
16)
Urbana
17)
Mineral
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5
19) Alice and
Mae
20)
Ancesty
21)
Clarks
22)
Tresmode
23)
Turtle
24)
Giovani
25)
Celio
26) Cover
Story
27) Mother
Earth
k) Evaluation : Central mall provides brands with high quality at Affordable rates
and
also provides other services like after sale services that the Customer needs
are
l) Key learning: Gained knowledge about the different brands comes under
Future
Lifestyle
Fashions.
m) Remark
:
n) Plan for the next day : Understand about the other brands which comes in
Central
mal
l
7
6
DAILY
REPORT
a) Visit no : 4
b) Date : 06 / 05 /
2019
c) Sign-in-time : 11:00
am
d) Sign-out-time : 6:00
pm
f) Objectives for the day :Understanding about the external brands which comes
in
Central
mall
g) Detail plan for the day :Brief study about the external
brands
j) Observation: Other than the FLF brand, Central mall has 200+ external
brands having
their business for the last 20 years. All the foreign brands have agency
agreements
2) Nike
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7
3) Puma
4)
Reebok
5) Louise
Philippe
6)
Fastrack
7) Police
8) Van
Heusen
9) Ferrari
10)
Bee
11)
Buffalo
12) Arrow
sport
13)
Levi’s
14) Pepe
Jeans
15)
Wrangler
16) Lee
Cooper
17) Ray
ban
18) Allen
Solly
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8
19)
Woodland
21) John
Miller
22)
FCUK
23) Tommy
Hilfiger
24) Calvin
Klein
25)
Polaroid
26)
Maybelline
27) Faces of
Canada
28) US POLO
ASSN
29) Indian
Terrain
30) Ed
Hardy
32) Royal
Enfield
33)
Spykar
34)
AND
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9
35) Global
Desi
36) Colour
plus
37)
Scullers
38) Park
avenue
39) Is
Raymond
40)
BIBA
k) Evaluation: Central mall provides all the major brands in the world to do
business
under Central
Mall
m) Remark
:
n) Plan for the next day: Understanding about the FLF staff and their
allowances.
DAILY
REPORT
a) Visit no : 5
b) Date : 07 / 05 /
2019
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