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Salon Sector
- 1. Presentation on Salon Industry and various aspects of retail sector
- 3. OVERVIEW OF SALON INDUSTRY • Indian beauty and wellness market would nearly double to Rs 80,370 crores by 2017-18 from Rs 41,224 crores in 2012-13 • After demonetisation in 2016, the beauty and personal care products market in India grew 9.2 percent • The industry has 22 percent market share in India • Being a growing industry people have employment opportunities and entrepreneurship advantages as well
- 4. Staff not trained properly Lack of tech support in many salons No brand identity Huge competition among brands Challenges faced by Salon Industry
- 5. Organized V/s Unorganized Sector Organized Sector Place where all the items are segregated and brought under one roof Example : Departmental stores, specialty stores Undertaken by licensed retailers (registered for sales tax, income tax, etc.) Creates employment and contributes towards Indian economy Fixed annual salary Unorganized Sector Place where different things are sold in different shops. Example : Kirana stores, Street markets Traditional formats of low cost retailing, no licensing required Generally Families run business, lack of standardization Variable daily wages
- 6. SWOT ANALYSIS • Excellent customer Experience • Special Equipment's • Continuous Increase in customer database • Great Margins Strengths • Existing Competitors • Professional and trained staff • Limited Services • Brand Visibility Weakness • FDI • Low Pricing as compared to competitors • Market growth • Collaboration with Fashion Industry • Competition Threat • No barriers to entry • Ever changing customer demands • Stylists home visits Opportunities Threats
- 7. TOP SALONS IN INDIA Commenced in 1952 by Yagya Arya Owned by Unilever Services-Hair Care, Skin Care, Hand and Feet Care, Bridal Services Title Sponsor for LMF 10 Lakme Studios, 122 Lakme Salons across 34 cities Promoter : Jawed Habib Services-hair styling and beauty 322 outlets across 21 states and 83 cities
- 8. Acquired Body shop in 2006 Commenced in 1909 by Eugene Schueller Subsidiaries: Garnier and Maybelline Services-Hair care, skin care & Bridal services owns scientific and medical communities Services-Hair care, skin care & Bridal services Started in 1995 Winner of various award functions Popular face among celebrities Presence in cities like New Delhi, Cochin, Trivandrum Services-Hair and skincare along with Bridal services Inception in 2005 by Naunihal Singh Collaboration with L'Oréal and Matrix named Strands lounge Artists trained by experts from L'Oréal, Matrix and Strands Academy Spread across 18 states having 68 salons
- 9. 25 Most Successful Startups
- 11. • Founded by Mr Bhavish Aggarwal in 2010 • Cheaper than black and yellow cabs, by paying same amount people can travel in A/C cabs OLA CABS • Founded by Mr. Ritesh Agarwal in 2013 • Provides Best Deals with good discounts and people can also find OYO rooms coupons online to save some extra bucks at reasonable prices OYO Rooms •Founded by Sachin Bansal in 2007 •It is an online fashion app that deals in apparels and electronics. This is hampering sale of retail stores as people are getting digitalize and shop through mobiles. Flipkart • Founded by Shekar Nahin Shekhar in 2009 • Widely used for payments and mobile credit top-ups, Considered to be safe for transactions Paytm • Founded by Gaurav Hinduja • Provides working capital finance to SMEs in India Capital Float
- 12. • Started in 2008 with a team of 6 people in Chennai • It is the world's first neutral online marketplace for instant customized rate quotes on loans and credit cards. BankBaazar • Founded in December 2013 and is based in Gurgaon • Grofers is an Indian on- demand online grocery delivery service Grofers • Launched express logistics services in Delhi NCR Delhivery • It is an Indian based company founded by V.S.S. Mani • It provides search services and is made available on Website and Mobile Justdial • Founded by Pranay Chulet and Jiby Thomas in 2008 • Quikr is an Indian classified advertising platform Quikr