The largest retail value chain of India- Subhiksha, failed. This case analyses some of the reasons for the same.
Largest retail value chain in India with 1600 outlets started in 1997 .
From 150 stores in Sept 2006 all of which were in Tamil Nadu the company grew rapidly to over 1600 stores by Sept 2008 across the country.
The company’s investors included Wipro’s Azim Premji and ICICI Prudential Mutual fund apart from the ESOP Trust.
Started with $8-10000. Turnover in 2008 was $451 million.
Expansion Timeline:
In March 1997 opening of the first retail store in Chennai, with $ 1 million initial investment.
March 99‐ 14 stores in Chennai.
June 2000‐ 50 stores in Chennai, ICICI ventures joins Subhiksha.
June 2002‐ 120 stores in whole of Tamil Nadu.
June 2006‐ 420 stores in other big states in India namely Gujarat, Delhi, Mumbai, Andhra Pradesh and Karnataka.
Feb 2007‐500 stores across country
Dec 2007‐ 1000 stores across India
October 2008‐ 1600 stores across India
RAPID EXPANSION VIA DEBT CAPITAL.
Reasons for the failure:
Expanding the number of stores rapidly without sufficient funds in hand.
Expansion of Stores without adequate system control and IT Support.
Government Intervention.
Lack of strong HR policy and Staff.
Strong Competition.
Over confidence and Aggressiveness.
Learning Outcomes:
Never be too aggressive with your expansion and growth plans unless you have enough finances.
Know your competitors inside out.
Understand your Strengths and Weaknesses and use them efficiently to gain and learn.
Debt Capital though profitable, is the most risky source of finance.
Thank You.
CRM of TATA Motors & Mahindra and Mahindra.Rajat_upmanyu
A CRM accumulates client associations over all directs in one spot. Overseeing incorporated
information assists organizations with improving client experience, fulfillment, maintenance
and administration.
A scholarly article depicting a multi-dimensional perspective of e-commerce in India - Indian #e commerce industry is it attractive for business or consumer by Alvis Lazarus.
The largest retail value chain of India- Subhiksha, failed. This case analyses some of the reasons for the same.
Largest retail value chain in India with 1600 outlets started in 1997 .
From 150 stores in Sept 2006 all of which were in Tamil Nadu the company grew rapidly to over 1600 stores by Sept 2008 across the country.
The company’s investors included Wipro’s Azim Premji and ICICI Prudential Mutual fund apart from the ESOP Trust.
Started with $8-10000. Turnover in 2008 was $451 million.
Expansion Timeline:
In March 1997 opening of the first retail store in Chennai, with $ 1 million initial investment.
March 99‐ 14 stores in Chennai.
June 2000‐ 50 stores in Chennai, ICICI ventures joins Subhiksha.
June 2002‐ 120 stores in whole of Tamil Nadu.
June 2006‐ 420 stores in other big states in India namely Gujarat, Delhi, Mumbai, Andhra Pradesh and Karnataka.
Feb 2007‐500 stores across country
Dec 2007‐ 1000 stores across India
October 2008‐ 1600 stores across India
RAPID EXPANSION VIA DEBT CAPITAL.
Reasons for the failure:
Expanding the number of stores rapidly without sufficient funds in hand.
Expansion of Stores without adequate system control and IT Support.
Government Intervention.
Lack of strong HR policy and Staff.
Strong Competition.
Over confidence and Aggressiveness.
Learning Outcomes:
Never be too aggressive with your expansion and growth plans unless you have enough finances.
Know your competitors inside out.
Understand your Strengths and Weaknesses and use them efficiently to gain and learn.
Debt Capital though profitable, is the most risky source of finance.
Thank You.
CRM of TATA Motors & Mahindra and Mahindra.Rajat_upmanyu
A CRM accumulates client associations over all directs in one spot. Overseeing incorporated
information assists organizations with improving client experience, fulfillment, maintenance
and administration.
A scholarly article depicting a multi-dimensional perspective of e-commerce in India - Indian #e commerce industry is it attractive for business or consumer by Alvis Lazarus.
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2)Increasing E-commerce in India
3)Problems faced in E-commerce
4)Effects on Retailers
5)Effect on Economy
6)Effect on Government policies on Ecommerce
7)Opportunities for Venture Capitalists
8)Valuations of E-commerce Market
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He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
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Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
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We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
2. Thus …….
we are LAZY!
An insight into Indian E-Commerce industry and services provided
3. Introduction
Some numbers(which I'm least bothered about)
The NEW Divide(Overview of the internet marketing)
Services offered by them
Myntra.com and the market
Contents
5. In June 2010 nearly 150 million U.S. consumers visited a travel
Web site(35% increase from 2006)
Revenues exceeded $60 billion (20% increase)
Fierce competition showed 53% rise in the sale of airline ticket
According to survey people in US referred Expedia, Travelocity
or Orbitz rather than a local travel agent
Some numbers
6. Indian e-commerce market galloped at an impressive growth rate of 47 per
cent to over Rs 46,000 crore in the 2011 calendar year
Total market size increasing from Rs 19,688 crore by the end of 2009 to an
estimated Rs 31,598 crore in 2010.
12%
8% Online Travel
Industry
Financial
80% Services
E-tailing
Some numbers(Indian perspective)
8. Internet Marketing services can be casually divided into
Movie Rentals
Mobile Applications
Online Music
Personal Finances
Personal Healthcare
Photo Printing and Gifts
Real Estate
Search Engines
Travel Portals
Online Discounts
Food
Fashion and Lifestyle
The NEW Divide
17. Started in June 2007 in a three bedroom service apartment in South
Bangalore by three graduates from IIT Kanpur( Mukesh
Bansal, Ashutosh Lawania and Vineet Saxena)
3 billion unique visitors a month
2-3000 transactions on a daily basis
Started its business with selling personalized items like T-shirts
and chains with logos or personalized statement
Because of the fragility and wafer thin margins of the business
jumped in as online apparel merchandiser
More Emotional Connect with the end consumer
19. • More than 80-100 brands
• User Friendly Website
• Designs from the latest season
• Brand Exposition
• Info-centric Buying and Selling
• More data available(north v/s
south, east v/s west, towns v/s cities –
targeting can be more specific)
• Cash on Delivery(COD)
• 24-hour call center
• Dedicated warehouses in Bangalore
• Unique Logistics
20. Website's design and experience
offered to the user are still
rudimentary
Absence of a plan to provide a
mobile phone and/or I pad platform
is also seen as a glaring gap in its
portfolio
Delivering orders and after sales
support
UPS n LOWS