40th Big Bazaar Opened


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40th Big Bazaar Opened

  1. 1. 40th Big Bazaar opened at Chennai December 28, 2006 · No Comments Kishore Biyani owned Pantaloon retail, which is a part of the Future Group, has opened its 40th Big Bazaar store in Chennai. This store occupies 50,000 square feet of retail space and expects a daily foot fall of around 50,000. The Chennai store happens to be the Pantaloon’s 10th Big Bazaar store in southern India. According to plans, Pantaloon expects to add at least five more Big Bazaar store in Chennai, while the number of Big Bazaar stores in the the South is expected to go up from the present 10 to more than 30 in just one year. Big Bazaars, which follow hypermarket store format, claim to offer more than 1,50,000 SKUs, based on value proposition with the tagline: “Isse sasta aur isse achchha aur kahan?” Categories: Retail Industry Bharati Walmart to invest 30% more than Reliance Retail? December 28, 2006 · 3 Comments India’s telecom czar Sunil Bharati Mittal, which recently tied up with Walmart, the biggest retailer of the world today outlined broad contours of its investment plans. Depending on investments in the real estate and logistics, the company within four years, or by 2010, will invest US$ 7 billion in creating retail network in the country. This will include, opening 100 (large stores) hypermalls and several hundred small stores to cater to the growing needs of middle income segment comprising 300 million customers. This investment is roughly 30% higher than Mukesh Ambani owned Reliance Retail, which plans to roll out 4,000 stores by 2011 at an estimated investment of US$ 5.5 billion. In retail business, comparing investments is rather irrelevant as the figures can differ substantially depending on who owns real the estate and the store premises. It may be recalled that Reliance made its retail foray with the launching of a cluster of 11 neighbourhood, convenience stores ‘Reliance Fresh,’ in Hyderabad on 3rd November, 2006. Since then, Reliance has added five stores each in Hyderabad and Jaipur, taking the current tally of stores to 21. Categories: Retail Data/ Facts · Retail Industry Hypermarket Chain
  2. 2. Sales area, sq.m. 4000 — 10000 Storage area, sq.m. up to 4500 Number of cash terminals 25 — 60 Number of items in the range, thousands 25 — 50 Price level in the market special pricing policy Number of purchases per day up to 10000 Turnover per month, mln US dollars 2—7 Number of employees 900 Own production sites numerous Due to its particularity, each retail format sets special demands to the automation system. Let us see how the Axapta Retail solution solves specific problems of hypermarket chains. Hypermarket chain requirements to the automation system Consideration of hypermarket chains particularity in Axapta Retail Hypermarket Chain Requirements to the Automation System The specific features of a hypermarket are the wide range of goods offered, quality service, quality display of goods on the shelves and complex systems providing for customers’s loyalty. Wide Assortment Processing A hypermarket is known for a wide range of goods offered. It consists of dozens of thousands of items, while similar goods can be offered in several forms (they can differ in package, colour, and sort). In order to work effectively with such an assortment it is necessary to group it into categories and subcategories that would unite goods according to this or
  3. 3. that criteria. Decentralisation of Pricing and Other Components of Prompt Management As a rule, stores that are part of a hypermarket chain are more independent from the head office than in other types of trade enterprises. This is, in particular, about purchasing goods and establishing retail prices. In the case of the hypermarket format a considerable part of the goods is delivered directly to the stores from the suppliers bypassing the distribution centre. It is also often the case that some categories of goods are priced at the central level, whereas some are priced by each hypermarket individually. Organisation of Complex Marketing Campaigns and Customer’s Loyalty Systems Hypermarkets are active users of various sales promotion methods, they hold regular advertising campaigns, provide their customers with discount cards, etc. All this requires prompt and reliable record keeping and synchronisation of activities of each subdivision involved. Personification of the relations with each specific customer with establishing a clearer dependence between his privileges and the volume of purchases already made by him has recently become more and more important. Automation of Auxiliary Production As a rule hypermarkets produce salads, baking and cookery themselves. It is necessary to make sure that this production is promptly supplied with food products, as well as to forecast the speed of selling each specific product and calculate its cost. Necessity of a Platform to Launch an Internet-Shop In addition to traditional stores, hypermarkets are
  4. 4. increasingly involved in e-commerce. This practice is being successfully used in Russia by the Seventh Continent chain. Thus, the automation system of a hypermarket should allow easy integration with e-commerce technologies. Top Consideration of Hypermarket Chains Particularity in Axapta Retail Axapta Retail fully satisfies all specific requirements of hypermarket chains. The effectiveness of the Axapta Retail solution for this format has been confirmed by the results of its installation in the OKAY chain. Assortment Management Due to the tree assortment structure, Axapta Retail allows control of the circulation of goods successfully. Convenient interface helps to categorise goods. Due to the thought-out hierarchic structure of the solution, the management of the chain and an individual hypermarket will be able to promptly adjust the pricing policy with regard to various goods.This information will be synchronised with the financial plans of the company. Pricing Within one chain Axapta Retail allows for any variant of pricing organisation – from complete centralisation when all prices are fixed by the head office, to the system when stores are authorised to fix their own prices for all or some of the goods themselves. It is also possible that some stores can function within centralised pricing, while others fix prices themselves. Personalisation of the Relations with the Customers
  5. 5. If a hypermarket faces the task of personifying the relations with its customers, Axapta Retail will help. For instance, the most loyal customer might be provided with a personal discount that corresponds to the sum he paid for his purchases. Axapta Retail fully automates the process of working with discount cards and controls the progress of advertising campaigns. Production Management All business processes typical of the production are successfully integrated into the work of the Axapta Retail solution. Thus, when procurements are being planned, the system conisders not only the data of the goods, but also production demands, including the demand for foodstuffs and other material resources. E-Commerce Being a modern ERP system, Axapta Retail was originally created as an open Internet-oriented solution. All data on the assortment, as well as other information necessary for the customers can be delivered directly to your Internet-shop. With the help of Axapta Retail ordinary commerce and e- commerce exist in a single information space. India • Saravana Stores,Chennai • Big Bazaar • Star Bazaar • Reliance Fresh • Spencer's Retail Top
  6. 6. Hypermarket From Wikipedia, the free encyclopedia Jump to: navigation, search Packaged food aisles at Fred Meyer in Portland, Oregon In commerce, a hypermarket is a superstore which combines a supermarket and a department store. The result is a very large retail facility which carries an enormous range of products under one roof, including full lines of groceries and general merchandise. In theory, hypermarkets allow customers to satisfy all their routine weekly shopping needs in one trip. Contents [hide] • 1 Overview • 2 History • 3 Success • 4 List of hypermarkets o 4.1 Denmark o 4.2 France o 4.3 Germany o 4.4 India o 4.5 Italy o 4.6 Spain o 4.7 Turkey
  7. 7. o 4.8 United Kingdom o 4.9 United States  4.9.1 Defunct U.S. hypermarkets[10] o 4.10 Canada o 4.11 Other countries • 5 Warehouse club • 6 Notes [edit] Overview Hypermarkets, like other big-box stores, typically have business models focusing on high-volume, low-margin sales. Because of their large footprints — a typical Wal-Mart Supercenter covers 14,000 m2 (150,000 square feet), a typical Carrefour 19,500 m2 (210,000 square feet) — and the need for many shoppers to carry large quantities of goods, many hypermarkets choose suburban or out-of-town locations that are easily accessible by automobile. [edit] History This section requires expansion. The format was pioneered by Carrefour upon opening its first such store in 1963 at Sainte-Geneviève-des-Bois, France,[1][2][3] In the Americas, the Oshawa group introduced the first hypermarket in North America near Montreal in 1973.[4] The first hypermarket was introduced in the United States in 1987.[3] In the late 1980s and early 1990s, the three major discount store chains in the United States—Wal-Mart,[5] Kmart[6] and Target—started developing discount stores in the hypermarket format. Wal- Mart introduced Hypermart USA in 1987 and later Wal-Mart Supercenter, and Kmart developed Super Kmart. In 1991, Dayton-Hudson Corporation (now Target Corporation) expanded its Target Greatland discount store chain into Columbus, Ohio, where it learned that its general merchandise superstores were unable to compete against the Meijer hypermarket chain.[7][8] In response, Dayton-Hudson entered the hypermarket format in 1995 by opening its first SuperTarget store in Omaha, Nebraska.[9] [edit] Success
  8. 8. The produce section of a typical Wal-Mart Supercenter (Wal-Mart's hypermarket brand) After the successes of super- and hyper-markets and amid fears that smaller stores would be forced out of business, France enacted laws that made it more difficult to build hypermarkets and also restricted the amount of economic leverage that hypermarket chains can impose upon their suppliers (the Loi Galland). Large retailers for the most part work around the law by using loopholes.[citation needed] As of 2004, the Loi Galland has become increasingly controversial and there have been calls to amend it.[citation needed] In France, hypermarkets are generally situated in shopping centers (French: centre commercial) outside of cities, though some are present in the city center. They are surrounded by extensive parking lots, and generally by other specialized superstores (for instance, selling clothing, sports gear, automotive items, etc.). In Japan, hypermarkets may be found in urban areas as well as less populated areas. The Japanese government encourages hypermarket installations, as mutual investment by financial stocks are a common way to run hypermarkets. Japanese hypermarkets may contain restaurants, Manga (Japanese comic) stands, Internet cafes, typical department store merchandise, a full range of groceries, beauty salons and other services all inside the same store. A recent[when?] trend has been to combine the dollar store concept with the hypermarket blueprint, giving rise to the quot;hyakkin plazaquot;—hyakkin (百均) or hyaku en (百円) means 100 yen (roughly 1 US dollar). [edit] List of hypermarkets This section does not cite any references or sources. Please help improve this article by adding citations to reliable sources (ideally, using inline citations). Unsourced material may be challenged and removed. (December 2006) This list is incomplete; you can help by Reliance [Get Quote] Retail opened its first hypermarket in Ahmedabad on Tuesday, with plans to open 30 more
  9. 9. suchsuperstores across the country at an investment of over Rs 375 crore (Rs 3.75 billion) by this year end. Ahmedabad's hypermarket, which at over 1,65,000 sq ft is by far the largest retail facility under a single roof, has over 95,000 products ranging from full line of groceries to garments, consumer durables to garden equipment. quot;The company will open 30 hypermarkets by this year end of 40,000-60,000 sq ft each,quot; Reliance Hypermarket CEO K Radhakrishnan said. Although he declined to give details of investments, an informed source said that the company would be spending Rs 2,500-3,000 in developing each sq ft. Radhakrishnan said six malls under the Reliance Mart brand would come up in the national capital, five each in Punjab and Andhra Pradesh, three in Gujarat and two in Bangalore. Over 500 such superstores are planned by 2010. The hypermarket format is the latest to be unveiled by Reliance Retail, which last year unveiled its fresh food format store Reliance Fresh, followed by consumer electronics store Reliance Digital. © Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.