This document provides an overview of the marketing strategy and consumer experience approach for CDIT Retail at Reliance Digital. It discusses setting the context for marketing and the overall strategy to create a distinctive store identity as a technology destination. The strategy focuses on consistent marketing activities to drive footfalls and sales through effective promotions and partnerships. It then details the deployment of the strategy through customer insights, promotions tied to seasonal trends, multi-channel communications, in-store visual merchandising and events. Performance is measured based on sales, revenues and other key parameters.
Reliance Fresh a convenient store format, is governed by the Mukesh Ambani and is the most important part of Reliance Industries retail Business. Reliance Ltd. has planned to invest more than Rs. 25000 crores in the retail division.
It also comprises more than 560 reliance fresh stores all over the country. The outlet sells fresh fruits, staples, dairy products, fresh juice bars, groceries and vegetables. A distinctive Reliance Fresh outlet is around 3000 to 4000 sq. feet and accommodates catchment area of one to three Kilometers.
The first ever a Reliance Fresh store was established in Hyderabad, wherein the company, mainly focused on the fresh produced vegetables and fruits at comparatively low price along with an introduction of farm to fork theory.
This was the idea, which was anticipated by the company was to take the supply direct from the farmers and then sell straightaway to the consumers removing the middle-men off the beaten track.
The product details are listed below:
• Fresh fruits
• Vegetables
• Chocolates
• Confectionaries
• Cold drinks
• Freeze items like butter, ice-cream etc.
• House hold products
• Toilet items
• Spices and dry food
• Office stationeries
1. Product
Retailers must have the right assortment of products and sell them in a manner compatible with their marketing view retailers must decide on the number of assortments in the store and the number of products in each range. In addition, they must select the quality of the articles within each category, decide on pricing policy. Finally, retailers must determine if the assortments should generally be stable over time
2. Price
A price strategy should reflect the company's own objectives and be related to the sales and profit. The goals to be achieved can be established as income and/ or volume units.
a) Market penetration pricing strategy is used when the retailer wishes to acquire revenue by setting a low price and selling a large number of product units.
b) High price strategy is used by the company to attract customers who are not concerned about the price, but the service and prestige. Usually the strategy does not maximize sales, but brings great profit per unit.
c) Cost-oriented pricing strategy The retailer sets the price, adding the operating expenses and desired profit to the cost per unit. The difference between the merchandise cost and the selling price is the trade margin. With a variable margin policy, retailers adjust the margins on merchandise categories.
d) The strategy of prices adjustment to market conditions The retailer may adjust prices according to the demand or market segment. The best example of adapting the retailer prices from Romania to the market demand are represented by some food prices (oil, sugar, flour) and durable goods prices (electronics, appliances, cars) in 2008.
e) Competition-oriented price strategy A retailer can use competition prices as guide. A company may not modify prices if there have been changes in demand or costs, if they are not modified by competition. Similarly, a firm may change its prices if the competition changes them, even if there have not been changes in demand or costs.
3. Place
Some specialists substituted in the literature the term "distribution channel" with "marketing channel” This change aims to emphasize the role of intermediaries in the distribution process, to create value for users or consumers, adding the utility of form, possession, time and place. In addition, the role of marketing channels is not only to participate in demand satisfaction by offering goods and services, but it also requires active participation to stimulate demand through information, creating proximity and promotion developed by members of the economic units network that form the channel. The product must be available at the right place (Product category), at the right time (time you sell your product), and in the right quantity (enough stock).
4. Promotion
Some specialists considers that the role of the promotion policy in the retail business is to attract potential consumers (creating traffic in store) to convert visitors into consumers and to retain buye
This Report gives you a detailed description of the "Star Bazaar (Andheri Store)" retail strategy, detailed store insights and the key marketing strategies implemented.
Reliance Fresh a convenient store format, is governed by the Mukesh Ambani and is the most important part of Reliance Industries retail Business. Reliance Ltd. has planned to invest more than Rs. 25000 crores in the retail division.
It also comprises more than 560 reliance fresh stores all over the country. The outlet sells fresh fruits, staples, dairy products, fresh juice bars, groceries and vegetables. A distinctive Reliance Fresh outlet is around 3000 to 4000 sq. feet and accommodates catchment area of one to three Kilometers.
The first ever a Reliance Fresh store was established in Hyderabad, wherein the company, mainly focused on the fresh produced vegetables and fruits at comparatively low price along with an introduction of farm to fork theory.
This was the idea, which was anticipated by the company was to take the supply direct from the farmers and then sell straightaway to the consumers removing the middle-men off the beaten track.
The product details are listed below:
• Fresh fruits
• Vegetables
• Chocolates
• Confectionaries
• Cold drinks
• Freeze items like butter, ice-cream etc.
• House hold products
• Toilet items
• Spices and dry food
• Office stationeries
1. Product
Retailers must have the right assortment of products and sell them in a manner compatible with their marketing view retailers must decide on the number of assortments in the store and the number of products in each range. In addition, they must select the quality of the articles within each category, decide on pricing policy. Finally, retailers must determine if the assortments should generally be stable over time
2. Price
A price strategy should reflect the company's own objectives and be related to the sales and profit. The goals to be achieved can be established as income and/ or volume units.
a) Market penetration pricing strategy is used when the retailer wishes to acquire revenue by setting a low price and selling a large number of product units.
b) High price strategy is used by the company to attract customers who are not concerned about the price, but the service and prestige. Usually the strategy does not maximize sales, but brings great profit per unit.
c) Cost-oriented pricing strategy The retailer sets the price, adding the operating expenses and desired profit to the cost per unit. The difference between the merchandise cost and the selling price is the trade margin. With a variable margin policy, retailers adjust the margins on merchandise categories.
d) The strategy of prices adjustment to market conditions The retailer may adjust prices according to the demand or market segment. The best example of adapting the retailer prices from Romania to the market demand are represented by some food prices (oil, sugar, flour) and durable goods prices (electronics, appliances, cars) in 2008.
e) Competition-oriented price strategy A retailer can use competition prices as guide. A company may not modify prices if there have been changes in demand or costs, if they are not modified by competition. Similarly, a firm may change its prices if the competition changes them, even if there have not been changes in demand or costs.
3. Place
Some specialists substituted in the literature the term "distribution channel" with "marketing channel” This change aims to emphasize the role of intermediaries in the distribution process, to create value for users or consumers, adding the utility of form, possession, time and place. In addition, the role of marketing channels is not only to participate in demand satisfaction by offering goods and services, but it also requires active participation to stimulate demand through information, creating proximity and promotion developed by members of the economic units network that form the channel. The product must be available at the right place (Product category), at the right time (time you sell your product), and in the right quantity (enough stock).
4. Promotion
Some specialists considers that the role of the promotion policy in the retail business is to attract potential consumers (creating traffic in store) to convert visitors into consumers and to retain buye
This Report gives you a detailed description of the "Star Bazaar (Andheri Store)" retail strategy, detailed store insights and the key marketing strategies implemented.
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Mohit Suri, Mahesh Bhatt and Emran Hashmi has marked their attendance at a Reliance Digital store to promote their Movie Murder2 film, makes its way to Reliance Digital, the store makes sure to pull out all the strings to make every event a success, including putting updates and news about upcoming events and promotional activities on Reliance Digital Website
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Regards
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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https://seribangash.com/promotors-is-person-conceived-formation-company/
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https://seribangash.com/difference-public-and-private-company-law/
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While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. Marketing & Consumer Experience2
Setting the context
• What is Marketing?
• What is its relevance in CDIT Retail?
• What is our Marketing strategy?
• How is the strategy deployed?
• What are the parameters of performance?
3. Marketing & Consumer Experience3
Marketing Strategy
• Create “ Reliance Digital” as a store with distinctive identity
– A technology destination store providing relevant solutions
– Both for an individual and a family in the CDIT category
• Consistent & Sustained marketing activities to drive the required
“footfalls” & conversion
• Design of robust customer centric and effective “promotions” to drive
sales
• Generate revenue by partnering with brands
6. Marketing & Consumer Experience6
Customer Insights
• Everything that is done in Marketing is based on understanding of
customer’s needs
• At Reliance Digital, we carry out periodic research through In-house /
Store as well as external agencies
• Researches undertaken:
– Focus Group Discussions
– Dipstick studies
– Customer Feedback Forms
– Shopper Profiling
– Catchment mapping
Consumer Profile -
Maithili
Catchment Mapping
Banjara Hills
7. Marketing & Consumer Experience7
Customer Insights
Consumer experience happens at all the touch-points beginning from the moment a person receives the first
communication about the store till the time we deliver the product as desired by the customer & maintain it
for the useful life of the product and goes beyond…
8. Marketing & Consumer Experience8
Customer Insights
Focus Group Discussion Customer Feedback Form
9. Marketing & Consumer Experience9
Promotions
• CDIT products follow a strong seasonality trend in sales
• At Reliance Digital, we have adopted a Marketing calendar that encompasses all
the high points across product categories
• Major promotions are planned around:
– New Year
– Summer (For ACs)
– Anniversary (May – Jun)
– Monsoon (For WMs & appliances)
– Back 2 College – Laptops (July, college openings)
– Independence Day (Aug)
– Durga Puja (Oct, East India)
– Diwali (Oct – Nov)
– Christmas (Dec)
10. Marketing & Consumer Experience10
Promotions
• 1st Anniversary
– To drive sales / revenues during off season when the market is at its all time low
– Create an “ annual property“ which would be associated with Reliance Digital with time
The Promotion :
- Shop at any Reliance Digital stores and get a chance to win a CAR (Honda Civic, Bumper),
- Win daily prizes for each of the 31 days .
360 Degree Activation : to ensure effective communication not only through dependencies on ATL but
through high level of on ground and BTL activations with a robust VM plan and implementation .
National Brand Property
The logo created acts as the key binder
across all communication and ground
activities
Create Excitement on the Floor
A sub branded property that is created which
would encompass the element of excitement on
the shop floor through Daily prizes and build
momentum towards the final draw
“ Saat Baje ka Sikandar “
Free Service Coupon
11. Marketing & Consumer Experience11
Promotions
• AC Campaign 2nd Summer Campaign
• Campaign Objective: To drive instant FF’s
– Take the first mover advantage in the market
– Create an attractive offer that compels the consumer
12. Marketing & Consumer Experience12
Promotions
• Dussera Campaign
• Dussera Campaign across select stores
• Focus on key SKU’s from each of the categories
to drive in FF’s
• Communication was targeted to the family and
the home-maker
13. Marketing & Consumer Experience13
Promotions
Diwali Campaign ’08: You are the King
• Diwali is the biggest selling season for CDIT
• New products are launched during this season
• All brands come up with their best offers during this festive period
14. Marketing & Consumer Experience14
Communication
• Leaflet distribution in prominent catchments
• Digi Life catalogue
• SMS campaigns
• EDM (Electronic Direct Mailer) campaigns
• Radio spots
• Press ads
15. Marketing & Consumer Experience15
Communication
• Promotional Leaflets (Tactical)
– Distributed in catchments thru
• Newspaper inserts
• Hot-spots
• Apartments
• Offices
• Cross formats
– Rip-off at bottom to measure
response
16. Marketing & Consumer Experience16
Communication
• Promotional Leaflets (Tactical)
17. Marketing & Consumer Experience17
Communication
‘DigiLife’ Catalogue
– An Effective Customer Communication and
engagement tool from Reliance Digital
Why this catalogue?
• Like a magazine, to build relationship with
customer; delivered free of cost
• Lower cost but effective medium of
communication
• Reaches the target audience in the catchment.
Multiple readership
• Finite Shelf life
• Show case our brand and range
• Educate / update the customers on technology
• Ready reckoner – offers and buying tips
• Brand recall at the customer’s place
18. Marketing & Consumer Experience18
Communication
SMS Campaign
• Viral marketing is the most commonly used low-cost medium to reach the
target audience
• We have with us the database of customers:
– Who have already shopped at Reliance Digital
– Who have also shopped at other Reliance Retail formats
– ‘Reliance’ employees
• Access to external (third party) database
• Customers segments based on profiling / shopping behaviour, and SMS
sent for various campaigns
19. Marketing & Consumer Experience19
Communication
Electronic Data Mailer
• A very cost effective electronic medium
of communication
• Database of email IDs comprises of:
– Reliance employees
– People who have shopped in all Reliance
Retail formats
• Based on campaigns, appropriate emails
sent to customers
20. Marketing & Consumer Experience20
Communication
Radio Spots:
• Relatively cheaper vis-à-vis print
• Interactive medium
• Used for:
– New Store launch
– Thematic campaigns
• Stations used:
– Red FM
– Radio One
Reliance Digital - 5th Mar 10.mp3
ML-Reliance Digital.mp3
RJ Hunt for the channel – Associate Sponsor , Reliance Digital
Activity - To have a special event organized by the channel in our store at Vashi .
The Event – Channel to hunt for new RJ for their station in Mumbai - RD was a
preferred Venue
What’s in there for us - Innovative way to get footfalls to the store / creates a buzz
around the place
We get : Channel mentions – Free air time ( 3 week period total 500 mentions )
6 Outdoor Hoardings across the city – Mumbai & Navi Mumbai
21. Marketing & Consumer Experience21
Communication
Press Ads
• The most expensive
medium
– Achieves ‘High’ reach,
but with spillover to non-
catchment
• Resorted to only during
peak season
• Ads taken in
– TOI
– Deccan Herald
– Deccan Chronicle
– HT
– Anandbazar Patrika
– DNA
23. Marketing & Consumer Experience23
In-Store Communications & Visual Merchandising
• In store communication is a means to convey our store proposition to the walk –
ins there by, generating their inquisitiveness and building desire towards
purchase
• Reliance Digital has come a long way since inception and at every step worked
on enhancing the consumer experience at store while maintaining business focus
• Over time, we have adapted quite a few communication elements and more
often, this has resulted in a ‘clutter’ in the store with several elements at times
crowding a product
• This document provides a guideline about usage of various elements
33. Marketing & Consumer Experience33
Buying Guides
• Revised set of Buying Guides incorporating ‘attachment products’ and
provision for the ‘prospect’ to make notes introduced.
• Buying Guide for Mobile Phones created with ‘brand participation’; this
was done to bring to focus certain brands / SKUs – to enable sales. Initial
feedback from category is that this works.
MBG1
MBG2
AC BG
We now have buying guides for:
ACs, Washing M/Cs, Ref, MWO,
Flat panel TVs, Digital Cameras,
Computer accessories,
Mobile Phones.
34. Marketing & Consumer Experience34
Events
• Events are held in-store during
thematic campaigns
• Helps to enhance the time spent
by customer thereby increasing
chances of purchase
• Helps to enhance image of our
store as a Family destination