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IMPROVE REVENUE
&
BRAND PRESENCE
WITH
MERCHANDISING
Dhimant Bakshi
Jt. CEO - Imagicaa
May 11, 2020
SESSION FLOW FOR TODAY
 Retail in Parks Business – A Journey of Smiles from Park to Home
 Branding with Merchandising
 Building a Proposition – Need Analysis and Range Build
 Process for Creativity to Commercial Viability
 Visual Merchandising and Generating Impulse
 Social Distancing in Retail
 Q & A
Merchandising - Dhimant Bakshi 2
“ GOODS WELL
BOUGHT
ARE
HALF SOLD"
SUCCESSFUL
RETAILING
=
TO GIVE CUSTOMERS,
WHAT THEY WANT
TRAITS FOR SUCCESSFUL
RETAILING
 Designing and Creativity - Create Ideas, Designs, Manifest in
Desirable Products and Services
 Science and Mathematics – Consumer Behaviour, Quality
Products and Inventory Management, Ability to Plan Promotions
 Eye for Detail – Anticipate and Respond on Changing Dynamics
 Passion for Customer Service - Delight customers with your
Products and service day in day out tirelessly with a smile
Merchandising - Dhimant Bakshi 5
Merchandising - Dhimant Bakshi 6
Merchandising - Dhimant Bakshi 7
Merchandising - Dhimant Bakshi 8
WHY RETAIL ??
 Revenue segment with Opportunity to Penetrate your brand
 Potential to earn 5 – 10 % overall Revenues – Proof of Concept is
available in Indian Park from Own developed Products (Does not
include Third party / vendor managed categories )
 Some Global Parks have almost 25% share in Retail with Wide IP
and Categories
 Inventory Investments need not be high if Product Mix is chosen
appropriately
 Guests visiting our Parks and FECs are on high Emotions , Dwell
time and more often than not , Willingness to spend - Perfect
opportunity to tap
Merchandising - Dhimant Bakshi 9
RETAIL REVENUE SEGMENTS
@ PARKS
Merchandise – Popular Categories - Souvenirs, Fashionwear ,
General Merchandise, Toys , School Essentials, Swimwear,
Utility , Innovation, Quirky and fun oriented
These are based on a) Signature ; b) Brand ; c) Thematic ; d)
Characters; e) Topical
1. Park Merchandise line
2. Services and Experiences – Parkwide Games and Activities
3. Photos and Motionbased Imaging - Drive Memories
4. Personalised Products
Merchandising - Dhimant Bakshi 10
Merchandising - Dhimant Bakshi 11
Merchandising - Dhimant Bakshi 12
Merchandising - Dhimant Bakshi 13
JOURNEY OF SMILES –
BEYOND PARK
 Park Atmosphere - High Energy and Fun --> LIfetime
Memories and Quality Time with your dear ones , High
Intent to spend
 High Energy is most appropriate for Shopping therapy
coupled with Planned Visual merchandising and Aesthetic
Displays
 Offer Opportunities to increase Dwell time n Spends
through Fun Activities and exciting merchandise
Merchandising - Dhimant Bakshi 14
Merchandising - Dhimant Bakshi 15
BRANDING WITH
MERCHANDISING
Brand Logo – Attractive , Adaptable and wearable (Look
beyond the Creative presentation while approving the Logo )
Brand Presence - Merchandise and Packaging for Daily life
with Design led branding - Recall grows with Visibility and
Recall leads to higher revenue
Promotion and Visibility – Drive Promotions around your
branded Products and Propel Visibility
Include your brand and Products in Social Initiatives –
Participate and Make a Difference !
Merchandising - Dhimant Bakshi 16
Brand Line Examples
1. Tees
2. Caps
3. Keychains
4. Bottles and Sippers
5. Mugs
6. Fridge Magnets
7. Bags
………………………
Imagine all the
merchandise you buy is
your potential list …
Merchandising - Dhimant Bakshi 17
CREATE PROPOSITION- NEED
ANALYSIS
Visualise Customer Behaviour and Movement flow - Enlist
opportunities for Revenue Generation
Identify and Define Product Portfolio based on your Location
and Seasons
Based on the Type of Park Identity – Core Products
Benchmark Pricing based on your park profile and Peak
Seasons
Merchandising - Dhimant Bakshi 18
CREATE PROPOSITION-
RANGE BUILD
Identify Vendors for ability to Create Quality Products
with on time Delivery
Build Inhouse / Outsource capability of Designing
Create a Business Plan and Invest in Inventory – Define
Measurement parameters and tranche your investments
Plan a Plannogram to make visual Representation of your
Range – Check Colour Blocking , Depth and Visual Impact
Merchandising - Dhimant Bakshi 19
Don’t buy what you like, Buy what your customers would like to buy
Merchandising - Dhimant Bakshi 20
Prepare a
Written Design
Brief for
Creative team
Brainstorming session
build upon Consumer
Insights
Designers to
Manifest Brief
into Designs /
Graphics
Shortlist Designs
/ Graphics based
on healthy debate
Display Products
as per
planogram and
Begin Sales
Review Sample /
Prototype – Carry out
User Trials and
incorporate Changes if
Any
Initiate
Sampling /
Prototyping of
shortlisted
Designs
Based on Defined
parameters Review
performance and
decide Repeat
Define performance measures such as
a) Sell Thru %, b) Sales/Stock Ratio , c) Sales / Sft and d) Margin / Sft
VISUAL MERCHANDISING
AND GENERATE IMPULSE
 Layout of stores should be planned with consumer journey in
mind
 Create Colour Blocked Displays and present in Depth for Impact
 Fixtures should be Display friendly and modular in nature
 Create Focal point where you want customers to get drawn to
 Kids friendly fixtures for generating Kidfluence
Merchandising - Dhimant Bakshi 21
Merchandising - Dhimant Bakshi 22
Merchandising - Dhimant Bakshi 23
SOCIAL DISTANCING AND
HYGIENE
 Rented items like swimwear are a huge concern and should be
avoided for hygiene reasons – offer Products for sale that are
affordable and can be easily Reused by guests
 Jackets and Footwear in Snowparks need to be stocked up and
segregated to demonstrate highest standard of hygiene .
 Products leading to Trials should be minimised for first few
months
 Measurement charts should be well displayed for Apparel
categories to reduce user trials
 Symbol driven signages to be created for guests for easy
understanding
Merchandising - Dhimant Bakshi 24
SOCIAL DISTANCING AND
HYGIENE
 Stocking should be maintained on low /Mid Density and have
more unopened product for assuring hygeine
 Contactless payments and Transaction approach -
 Floor Signages can be used at cash tills for queue
management and to maintain distance
 Wherever possible, Scanners can face the customers and
scanning can be done by the guests by themselves
 Carrybags to be provided in self help dispensing format and
thus entire transaction can be made contact less
 Exchange policy need to be reviewed and address
contamination issues and maintain Customer Confidence
Merchandising - Dhimant Bakshi 25
Merchandising - Dhimant Bakshi 26
Dhimant Bakshi
Jt. CEO – Imagicaa
Dhimant.Bakshi@imagicaaworld.com

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Improve Revenue and Brand Presence with Merchandising

  • 1. IMPROVE REVENUE & BRAND PRESENCE WITH MERCHANDISING Dhimant Bakshi Jt. CEO - Imagicaa May 11, 2020
  • 2. SESSION FLOW FOR TODAY  Retail in Parks Business – A Journey of Smiles from Park to Home  Branding with Merchandising  Building a Proposition – Need Analysis and Range Build  Process for Creativity to Commercial Viability  Visual Merchandising and Generating Impulse  Social Distancing in Retail  Q & A Merchandising - Dhimant Bakshi 2
  • 5. TRAITS FOR SUCCESSFUL RETAILING  Designing and Creativity - Create Ideas, Designs, Manifest in Desirable Products and Services  Science and Mathematics – Consumer Behaviour, Quality Products and Inventory Management, Ability to Plan Promotions  Eye for Detail – Anticipate and Respond on Changing Dynamics  Passion for Customer Service - Delight customers with your Products and service day in day out tirelessly with a smile Merchandising - Dhimant Bakshi 5
  • 9. WHY RETAIL ??  Revenue segment with Opportunity to Penetrate your brand  Potential to earn 5 – 10 % overall Revenues – Proof of Concept is available in Indian Park from Own developed Products (Does not include Third party / vendor managed categories )  Some Global Parks have almost 25% share in Retail with Wide IP and Categories  Inventory Investments need not be high if Product Mix is chosen appropriately  Guests visiting our Parks and FECs are on high Emotions , Dwell time and more often than not , Willingness to spend - Perfect opportunity to tap Merchandising - Dhimant Bakshi 9
  • 10. RETAIL REVENUE SEGMENTS @ PARKS Merchandise – Popular Categories - Souvenirs, Fashionwear , General Merchandise, Toys , School Essentials, Swimwear, Utility , Innovation, Quirky and fun oriented These are based on a) Signature ; b) Brand ; c) Thematic ; d) Characters; e) Topical 1. Park Merchandise line 2. Services and Experiences – Parkwide Games and Activities 3. Photos and Motionbased Imaging - Drive Memories 4. Personalised Products Merchandising - Dhimant Bakshi 10
  • 14. JOURNEY OF SMILES – BEYOND PARK  Park Atmosphere - High Energy and Fun --> LIfetime Memories and Quality Time with your dear ones , High Intent to spend  High Energy is most appropriate for Shopping therapy coupled with Planned Visual merchandising and Aesthetic Displays  Offer Opportunities to increase Dwell time n Spends through Fun Activities and exciting merchandise Merchandising - Dhimant Bakshi 14
  • 16. BRANDING WITH MERCHANDISING Brand Logo – Attractive , Adaptable and wearable (Look beyond the Creative presentation while approving the Logo ) Brand Presence - Merchandise and Packaging for Daily life with Design led branding - Recall grows with Visibility and Recall leads to higher revenue Promotion and Visibility – Drive Promotions around your branded Products and Propel Visibility Include your brand and Products in Social Initiatives – Participate and Make a Difference ! Merchandising - Dhimant Bakshi 16
  • 17. Brand Line Examples 1. Tees 2. Caps 3. Keychains 4. Bottles and Sippers 5. Mugs 6. Fridge Magnets 7. Bags ……………………… Imagine all the merchandise you buy is your potential list … Merchandising - Dhimant Bakshi 17
  • 18. CREATE PROPOSITION- NEED ANALYSIS Visualise Customer Behaviour and Movement flow - Enlist opportunities for Revenue Generation Identify and Define Product Portfolio based on your Location and Seasons Based on the Type of Park Identity – Core Products Benchmark Pricing based on your park profile and Peak Seasons Merchandising - Dhimant Bakshi 18
  • 19. CREATE PROPOSITION- RANGE BUILD Identify Vendors for ability to Create Quality Products with on time Delivery Build Inhouse / Outsource capability of Designing Create a Business Plan and Invest in Inventory – Define Measurement parameters and tranche your investments Plan a Plannogram to make visual Representation of your Range – Check Colour Blocking , Depth and Visual Impact Merchandising - Dhimant Bakshi 19
  • 20. Don’t buy what you like, Buy what your customers would like to buy Merchandising - Dhimant Bakshi 20 Prepare a Written Design Brief for Creative team Brainstorming session build upon Consumer Insights Designers to Manifest Brief into Designs / Graphics Shortlist Designs / Graphics based on healthy debate Display Products as per planogram and Begin Sales Review Sample / Prototype – Carry out User Trials and incorporate Changes if Any Initiate Sampling / Prototyping of shortlisted Designs Based on Defined parameters Review performance and decide Repeat Define performance measures such as a) Sell Thru %, b) Sales/Stock Ratio , c) Sales / Sft and d) Margin / Sft
  • 21. VISUAL MERCHANDISING AND GENERATE IMPULSE  Layout of stores should be planned with consumer journey in mind  Create Colour Blocked Displays and present in Depth for Impact  Fixtures should be Display friendly and modular in nature  Create Focal point where you want customers to get drawn to  Kids friendly fixtures for generating Kidfluence Merchandising - Dhimant Bakshi 21
  • 24. SOCIAL DISTANCING AND HYGIENE  Rented items like swimwear are a huge concern and should be avoided for hygiene reasons – offer Products for sale that are affordable and can be easily Reused by guests  Jackets and Footwear in Snowparks need to be stocked up and segregated to demonstrate highest standard of hygiene .  Products leading to Trials should be minimised for first few months  Measurement charts should be well displayed for Apparel categories to reduce user trials  Symbol driven signages to be created for guests for easy understanding Merchandising - Dhimant Bakshi 24
  • 25. SOCIAL DISTANCING AND HYGIENE  Stocking should be maintained on low /Mid Density and have more unopened product for assuring hygeine  Contactless payments and Transaction approach -  Floor Signages can be used at cash tills for queue management and to maintain distance  Wherever possible, Scanners can face the customers and scanning can be done by the guests by themselves  Carrybags to be provided in self help dispensing format and thus entire transaction can be made contact less  Exchange policy need to be reviewed and address contamination issues and maintain Customer Confidence Merchandising - Dhimant Bakshi 25
  • 27. Dhimant Bakshi Jt. CEO – Imagicaa Dhimant.Bakshi@imagicaaworld.com