The document provides information about Future Group, a leading Indian business conglomerate operating in retail, brands, real estate, and financial services. It discusses Future Group's vision, mission, core values, and key milestones. Future Group operates various retail formats like Big Bazaar, Food Bazaar, Central, and owns Indian brands like Pantaloons, Scullers. It has received several awards for pioneering organized retail in India.
116. With the changing lifestyle, modernization and westernization there exists a huge scope for the growth of Big Bazaar store and is therefore a threat to unorganized retailing.
117. Big Bazaar store are able to provide almost all categories of items related to food, health, beauty products, clothing & footwear, durable goods so it become quite easier for the customer to buy from one shop and hence is a convenient way of shopping when compared to unorganized retailing.
118. Aggressive Marketing is the key to increasing the market share in this area, since the market has a lot of potential both in terms of untapped market.
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120. Allowing more space between the entrance of a store and a product gives it more time in the shopper’s eye as he or she approaches it. It builds a little visual anticipation.
121. Normally, the 50% of the profit comes from food bazaar, so the fifo system plays a major role in reaching the profit and target. It is necessary to maintain a systematic way of keeping the products in self in such a way that we can remove the before consumed products first.
122. To reduce the expiry products percentage try to arrange the self by using FIFO method, if self consists of products a new consignment should be arrange back by keeping old products front.
123. If we apply the FIFO method we can reduce the loss and also the daily routine of checking of dates.
124. For international food the cost is so high which a middle class person cannot bare to buy try to keep some brands and reasonable price.
128. Lastly, it must be acknowledged that there may be numerous other variables that contribute to the development of customer satisfaction, customer loyalty, and word of mouth communication which are briefly touched upon below.
129. To convince the people for a proper interviewing process is also difficult.