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 A  REPORT ONConsumer perception& Media habits of consumersBy:<br />Akriti Jain <br />09BS0000143<br />                                                      <br />Organization:-<br />                                                 Aditya Birla Retail Limited<br />(More.Megastore)<br /> A ReportOnConsumer perception & Media habits of consumersBy:Akriti Jain09BS0000143Organization:-Aditya Birla Retail Limited(more.Megastore)ICFAI BUSINESS SCHOOL, MUMBAI16.4.10<br />ABSTRACT<br />The project is all about the consumer behaviour, their buying habits, tastes & preferences, perceptions and their expectations from Aditya Birla Retail’s hypermarkets more.Megastore. The basic objective underlying this project is to analyze the response of the consumer buying & media habits as to what marketing communication is the most effective and draws the maximum customer footfalls to the stores.<br />A research was conducted at Thane based on the primary data which was collected directly from respondents using data collection methods like survey interview questionnaires. This research entailed meeting up customers at more.Megastore at Thane in Mumbai and conducting in-depth interviews for around 10 minutes. The interviews were a direct involvement between me and the customers.  The detailed discussion helped to probe out the hidden perception and satisfaction level of the customers. The objective of this project is also to help the company find out the areas where it loses its customers to other competitors like DMart, Big Bazaar, Reliance Retail, Star Bazaar (Tata enterprise) & Hypercity. Thane being a developing area it has all these big retail brands in its vicinity. The data collected has been analyzed by using Microsoft Excel from which the highest and lowest ratings can be known for all the category products which include FMCG, General Merchandise, Apparel& Footwear, Fruits& vegetables and Consumer Durables& Information Technology. <br />The interpretation of the data collected would help the company to focus on the weak points and formulate a strategy to improve its customer handling and marketing mediums as the store at Thane has opened recently.<br />A similar kind of survey by conducting exit interviews would take place at more.Megastore in Aurangabad which will consist of the consumer behaviour and their media habits.<br />,[object Object]
The project also includes the day to day marketing activities of more.Megastore across all locations. Marketing communications are the means by which a company attempts to inform, persuade, and remind consumers – directly or indirectly- about the products and services they sell. In a sense, marketing communications represent the “voice” of the company and its brands and are a means by which it can establish a dialogue and build relationships with consumers.
Marketing communications also perform many functions for consumers. They can tell or show consumers how and why a product is used, by what kind of person, and where and when. Consumers can learn about who makes the products and what the company and brand stand for; they can also get an incentive or reward for trial or usage. Marketing communications allow companies to link their brands to other people, places, events, brands, experiences, feelings, and things. They can contribute to brand equity- by establishing the brand in memory and creating a brand image- as well as drive sales and even affect shareholder value. The advertising and marketing at a hypermarket is done via various channels like newspaper inserts and direct mailers, hoardings, bus panels and radio jingles. To publicize its stores ABRL follows almost all the mediums across locations. The offers & promotions are communicated to the customers via daily advertisements in newspapers and radio. A direct mail or a newspaper is a direct form of marketing
INTRODUCTION
The Indian retail industry is the fifth largest in the world. Comprising of organized and unorganized sectors, India retail industry is one of the fastest growing industries in India, especially over the last few years. Though initially, the retail industry in India was mostly unorganized, however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow at a pace of 25-30% annually. The India retail industry is expected to grow from Rs. 35,000 crore in 2004-05 to Rs. 109,000 crore by the year 2010.Major Formats of In-Store Retailing in India:<br />FormatDescriptionThe Value PropositionBranded StoresExclusive showrooms either owned or franchised out by a manufacturer.Complete range available for a given brand, certified product quality Specialty Stores Focus on a specific consumer need, carry most of the brands availableGreater choice to the consumer, comparison between brands is possibleDepartment StoresLarge stores having a wide variety of products, organized into different departments such as clothing, house wares, furniture, appliances, toys, etc.One stop shop catering to varied/ consumer needs. SupermarketsExtremely large self-service retail outletsOne stop shop catering to varied consumer needsDiscount StoresStores offering discounts on the retail price through selling high volumes and reaping economies of scaleLow PricesHyper- martLarger than a supermarket, sometimes with a warehouse appearance, generally located in quieter parts of the cityLow prices, vast choice available including services such as cafeterias.Convenience storesSmall self-service formats located in crowded urban areas.Convenient location and extended operating hours.Shopping MallsAn enclosure having different formats of in-store retailers, all under one roof. Variety of shops available to each other. <br />The attitudinal shift of the Indian consumer in terms of quot;
Choice Preferencequot;
, quot;
Value for Moneyquot;
 and the emergence of organized retail formats have transformed the face of Retailing in India. With a growth over 20 percent per annum over the last 5 years, organized retailing is projected to reach US$ 23 Billion by 2010.<br />The Indian retail industry though predominantly fragmented through the owner -run “Mom and Pop outletsquot;
 has been witnessing the emergence of a few medium sized Indian Retail chains, namely Big Bazaar(Future Group), Star Bazaar (Tata Group), more.Megastore(Aditya Birla Retail Limited), Hypercity(Raheja’s), Reliance Retail etc.<br />Given the attractiveness of the Indian retail sector, foreign retailers like Wal-Mart, Carrefour SA, Europe's largest retailer and Tesco Plc, the UK's largest retailer, are keen to enter this growing market, despite the Indian retail sector being closed to foreign direct investment (FDI). <br />In the last few years, Indians have gone through a dramatic transformation in lifestyle by moving from traditional spending on food, groceries and clothing to lifestyle categories that deliver better quality and taste. Modern retailing satisfies rising demand for such goods and services with many players entering the bandwagon in an attempt to tap greater opportunities.<br />,[object Object],Beverages<br />,[object Object]
More fruit drinks and bottled water.
Wines and Liquor sales on rise.Processed food consumption<br />,[object Object]
Growing premium foods.
Increasing private label.
From “packaged as stale” to “packaged is hygienic and high quality”.
Increased tendency towards disposability.
Shift from price consideration to design and quality.
Lifestyle
Frequent eating out.
Growing health and dietary supplements.
Growing organic produce.
Greater focus on looking and feeling good.With robust economy, sustained GDP growth and booming stock exchange, there are several emerging sectors in India waiting to be tapped . . .organized retail is at the forefront of these opportunities<br />Organized retail in India is still in its infancy...<br />With just 2% organized retail in India ….India is a big opportunity.<br />The major drivers of this change in India are due to the following reasons:<br />The demographic population <br />,[object Object],Aditya Birla Retail Limited is the retail arm of the Aditya Birla Group, a US$29.2 billion group in the league of Fortune 500 companies.<br />The retail business of the Aditya Birla Group started with a simple mission, ‘to change the way Indians shop’, and to achieve this goal, the team started with the understanding of the consumer - her needs, her expectations and her areas of dissatisfaction. Striving to fulfill this growing need of the Indian consumer by offering a solution to the inconvenience, inconsistency and the lack of variety that she experiences in her everyday shopping ritual, the organization has articulated a vision; <br />The two pillars from which the vision is formulated are <br />Customer Centricity <br />Being the Employer of choice.<br />Retail presence <br />The Aditya Birla Group entered the Retail segment in May 2007 with the launch of its Supermarkets.<br />This was soon followed by the launch of the hypermarkets under the brand name more.Megastore. Currently ABRL has 6 Hypermarkets & is looking forward for many other launches this year. Spread over 50,000 sq.ft. more.Megastore is a one-stop shop destination for the entire family. Apart from a large range of offerings of over 25,000 products across fruit & vegetables, non-vegetarian, groceries, FMCG products, the hypermarkets also have a strong emphasis on general merchandise, apparels & CDIT. Now, Aditya Birla Retail has six hypermarkets operating under the brand ‘more.MEGASTORE’.<br />The growth of Aditya Birla Retail was also fuelled by the acquisition of South based Trinethra super retail and Fab Mall in Dec ‘06.The supermarket chain under the brand name more. has over 632 stores spread across 12 Indian states.<br />Strategy& customer offerings<br />Product Range <br />more.Megastore hypermarkets offers a range of products that make the entire shopping experience a fun-filled enjoyable process for the whole family – from the husband, to wife, to kids and also senior citizens. We offer a wide range of assortment of over 25000 products, ranging from fruits & vegetables, non-vegetarian, groceries, FMCG products, General merchandise, imported range, Apparels and CDIT. <br />more.Megastore - the hypermarkets cover a large and spacious area with everything you could need from tea to treadmills, without hopping from one shop to another. <br />Delivering quality & value through private labels:<br />More.Megastore provides customers a wide choice of products under their private labels. The objective is to offer choice at attractive price points to customers for their different needs. Their endeavor is to build trust and credibility amongst consumers by offering products at the right price ensuring “value for money”. Also, since quality is the most authentic platform to compete with leader brands, they have set stringent quality norms for their private labels and rigorously abide by them. All their manufacturer partners are the best in their class.<br />,[object Object]
To provide great value to the customers by offering them strong brands at unbeatable prices.
To create differentiation and loyalty across stores.
The first private label product was launched by Aditya Birla Retail Limited in July 2007. The portfolio today covers 54 categories and has over 300 products in processed food, home care and personal care, and an additional 200 products in 5 categories of staple products such as Cereals, Flour, Pulses, and Sugar/Salt/Spices & Edible Oil.

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Interim report akriti jain

  • 1.
  • 2. The project also includes the day to day marketing activities of more.Megastore across all locations. Marketing communications are the means by which a company attempts to inform, persuade, and remind consumers – directly or indirectly- about the products and services they sell. In a sense, marketing communications represent the “voice” of the company and its brands and are a means by which it can establish a dialogue and build relationships with consumers.
  • 3. Marketing communications also perform many functions for consumers. They can tell or show consumers how and why a product is used, by what kind of person, and where and when. Consumers can learn about who makes the products and what the company and brand stand for; they can also get an incentive or reward for trial or usage. Marketing communications allow companies to link their brands to other people, places, events, brands, experiences, feelings, and things. They can contribute to brand equity- by establishing the brand in memory and creating a brand image- as well as drive sales and even affect shareholder value. The advertising and marketing at a hypermarket is done via various channels like newspaper inserts and direct mailers, hoardings, bus panels and radio jingles. To publicize its stores ABRL follows almost all the mediums across locations. The offers & promotions are communicated to the customers via daily advertisements in newspapers and radio. A direct mail or a newspaper is a direct form of marketing
  • 5.
  • 6. More fruit drinks and bottled water.
  • 7.
  • 10. From “packaged as stale” to “packaged is hygienic and high quality”.
  • 11. Increased tendency towards disposability.
  • 12. Shift from price consideration to design and quality.
  • 13.
  • 16. Growing health and dietary supplements.
  • 18.
  • 19. To provide great value to the customers by offering them strong brands at unbeatable prices.
  • 20. To create differentiation and loyalty across stores.
  • 21. The first private label product was launched by Aditya Birla Retail Limited in July 2007. The portfolio today covers 54 categories and has over 300 products in processed food, home care and personal care, and an additional 200 products in 5 categories of staple products such as Cereals, Flour, Pulses, and Sugar/Salt/Spices & Edible Oil.
  • 22. In 2008, the company was conferred the Golden Spoon Award for the Most Admired Private label Food & Grocery Brand.
  • 23.
  • 24. Open to change with a modern orientation
  • 28. Wants a complete shopping experience
  • 29.
  • 30. 6) Why is customer perception important for a business like ABRL?
  • 31. For every retail organization it is important to know what the customers think about their store, their prices, the look of the store, the store personnel etc. and most importantly whether they are better than their competitors or not.
  • 32. The Exit Interviews done at Thane framed a clear picture as to what all needs to be done in order to maintain the sales as well as the goodwill of the company. My project on customer perception and customers media habits would help the company to know what the customer thinks about more.Megastore and what all activities does the company need to take up for brand communication. How far are the customers satisfied? This survey at the lower level would provide the company with the knowledge of the loop holes so that it can formulate policies at the higher level that are beneficial to the customers help retain their customer base and survive in the already saturated and competitive telecom market. With the help of this project the company can monitor the customer loss rate and can contact the customers who have left or switched over.<br />REFERENCES<br />WWW.MORESTORE.COM<br />Business Marketing& Planning - Subhash C. Jain<br />