The document describes a hypermarket located in Ahmedabad, India. It spreads across 165,000 square feet and carries 95,000 stock keeping units across numerous product categories including fresh produce, food, home goods, apparel, electronics, and more. The hypermarket aims to provide customers an international shopping experience with unmatched affordability, guaranteed quality and selection, and on-site services like tailoring. It caters to a wide customer base and seeks to retain customers through loyalty programs.
Hypermarkets are large retail markets combining supermarkets and departmental stores with high volume, low margin sales, offering around 200,000 brands. Case examples: Wal-Mart, Big Bazaar.
Visual representation of the produce section in a Wal-Mart hypermarket.
The Mart- Iskon Mall in Ahmedabad spans 165,000 sq. ft. with 95,000 products offering diverse categories including food, grocery, apparel, and consumer goods.
Reliance Retail enhances customer experience with services like tailoring and laundry, attracting a diverse customer base with quality products and loyalty programs.
Focus areas in retail include customer service, location, merchandise assortment, pricing, communication mix, and store design to enhance shopping experience.
Product categories in hypermarkets include home care, fashion, electronics, food, baby products, and fresh farm products.
Hypermarkets offer low prices, customer loyalty programs, online shopping, and a wide range of products supported by significant investment.
Common perceptions include low quality associated with low prices and challenges like overcrowding and long billing lines during promotions.
Hypermarkets are larger and stock more FMCG products than supermarkets, which offer more personalized services and better decor.
Hypermarkets employ various pricing strategies such as value pricing and promotional pricing to attract customers.
Successful hypermarkets feature well-trained staff and a thoughtful ambiance, empowering employees and utilizing security measures.
Strategies include catering to foreign customers, integrating e-commerce, and fostering customer loyalty through innovative interactions and technology.
It’s aretail
It’s a combination of Supermarket and
Departmental store.
Its like a big-box store that has business model
focusing on high volume and low margin sales.
Generally they have more than 200,000 brand
of merchandise available at any time.
Wal-mart, Big bazaar are some Hypermarkets.
A HYPERMARKET
MART-Iskon Mall, SG Highway, Ahmedabad
Total area- spread across 165,000 square feet.
Total products catered – 95000 SKUs
PRODUCT AND SERVICES
Fresh Produce
Food and grocery
Home care products
Apparel and accessories
Non-food FMCG products
Consumer durables and IT
Automotive accessories
Lifestyle products
Footwear and much more
5.
Reliance retailproviding international shopping
experience.
Unmatched affordability to distributed customer base.
Guaranteed quality and choice of products and
services.
Unique services to the shoppers like tailoring, shoe
repair, watch repair, a photo shop, gift services and
laundry services all within one store.
Location being asset to the mart.
Catering to all classes and customer base.
Lucid transaction and efficient of payment and goods
delivery.
Loyalty and customer retention programs.
LOW PRICE
CUSTOMER LOYALITY PROGRAM
HUGE INVESTMENT
INTERNATIONAL SHOPPING EXPERIENCE
ONLINE SHOPPING FACILITIES
WIDE RANGE OF PRODUCTS
10.
GENERAL PERCEPTIONLOW PRICE= LOW
QUALITY
OVER CROWDING DURING OFFERS
LONG LINES AT BILLING COUNTERS
LIMITED ONLY TO VALUE OFFERING LOW
PRICE PRODUCTS
VERY THIN MARGIN
11.
A hypermarket is bigger in size, and stores larger
number of FMCG products than a super market.
A hyper market looks more like a warehouse than a
store.
Supermarket provides more warm services and has a
personal, touch which is absent in a hyper market
Prices at a hyper market are cheaper than at super
market.
Hypermarket has fewer frills than a supermarket as the
main motive is more savings for customers.
The décor of a super market is more attractive than a
hyper market.
There is more excitement around festivals in super
12.
VALUE PRICING
PROMOTIONAL PRICING
LOW INTEREST FINANCING
PHYCHOLOGICAL DISCOUNTING
SPECIAL EVENT PRICING(NAVRATRI)
DIFFERNTIATED PRICING
13.
WELL TRAINEDSTAFF
APPEARANCE AND AMBIENCE
EMPOWERED INDIVIDUAL
ENCOURAGED TO THINK OUT OF THE BOX
USE SCENARIO PLANNING AS A TOOL FOR
QUICK DECISION MAKING
SECURITY GUARDS AT EACH GATES
RECRUITMENT ATLEAST 10,000 PEOPLE
14.
EXPOSURE OFFOREIGN CUSTOMER
ECOMMERCE INTRODUCTION IN ORDER
PLACING
LESS FORGIVING CUSTOMER AND MORE
JUDGEMENTAL CUSTOMERS
KEEPING GENEROUS BRANDS IN STORE.
DEVELOPING LOYALITY PROGRAM FOR
CUSTOMERS
CREATIVE INTERACTIONS OF CUSTOMER
AND STORE PRODUCTS.
INTRODUCTION OF NEW TECHNOLOGY
FOR AMBIENCE IMPROVEMENT.