Shoppers Stop
Shoppers Stop
GROUP NO: 5
Raunak varma 134
Harsh Singhvi 131
Durgesh Thukrul 133
Krishna vishwakarma 135
Ayush singh 130
Abhishek Taur 132
Gaurav Singh 129
INDEX:
1 INTRODUCTION
2 HISTORY
3 CSR ACTIVITY
4 MARKETING MIX
5 STRATEGY
6 LAYOUT
7 SUPPLY CHAIN MANAGEMENT
8 CRM INITIATIVES
9 SWOT ANALYSIS
SHOPPERS STOP
INTRODUCTION
With an unparalleled assortment of the leading international and national brands in clothing
for men, women, and kids; accessories, fragrances, cosmetics, footwear; home furnishing and
decor products, our stores aim to provide shoppers a truly international shopping destination.
Our unending pursuit to benchmark ourselves with the best in the world is testified by the fact
that Shoppers Stop is the only Indian member of the "Intercontinental Group of Departmental
Stores", which has the likes of Selfridges (United Kingdom), Karstadt (Germany), Marks &
Spencer (UK), Matahari (Indonesia), Myers Grace Bros. (Australia) and Rustan's
(Philippines)
Expanded footprints to new cities like Bhopal, Amritsar and Aurangabad. Shoppers Stop also
added stores in existing cities like Bengaluru, Mumbai and Hyderabad taking store tally to 36
stores. The Company upped its stake in Hyper city Retail (India) Limited to 51%.
2009
Pioneered mascot licensing in the categories through our exclusive tie-up for certain products
with Vodafone for their popular brand mascot Zoo zoo.
2008
Shoppers Stop repositioned and reinvented as a bridge to luxury brand with the unveiling of
the new logo and tagline, "START SOMETHING NEW".
Shoppers Stop was awarded the “Emerging market retailer of the Year” at the World Retail
congress in April 2008 .Mr. B.S Nagesh inducted into the World Retail Hall of Fame at the
World Retail Congress in Barcelona.
2007
Gold Shield Award for excellence in Financial reporting for the year 2006 in the category of
"Manufacturing & trading Enterprises" by ICAI. Acquired 19% stake in Hyper city Retail
(India)
Signed a 50:50 Joint Venture with the Nuance Group for Airport Retailing .Signed an MOU
with the Home Retail Group of UK to enter into a franchise arrangement for the Argos
formats.
2006
Opened out twenty first (Mumbai) and twenty second store in Lucknow .Launched
Mothercare in India and our F & B outlets Brio & Desi Café. Bought 45% of Time zone India
2005
Company's Initial Public Offering (IPO) oversubscribed overall by 17.25 times. Crossword
becomes a wholly owned subsidiary of the Company.
Opened our seventeenth, eighteenth, nineteenth & twentieth stores in Pune, Juhu – Mumbai,
Bangalore & Ghaziabad .Launched M.A.C & Home stop – our home store.
2004
Opened our fourteenth, fifteenth & sixteenth stores in Malad – Mumbai, Kolkata &
Bangalore
2003
Opened the eleventh, twelfth & thirteenth stores in Mulund – Mumbai, Gurgaon & Kolkata
2002
Opened the tenth store in Kandivli – Mumbai In the Year 2002 we have launched co-branded
credit card with Citibank named as First Citizen Citibank Credit Card
2001
2000
Opened our sixth & seventh stores at Chennai & Chembur – Mumbai. Acquired Crossword –
India's leading retail book chain.
1999
Implemented JDA Retail ERP (a global leader in retail ERP packages).Opened our fourth &
fifth stores in Jaipur & Delhi.
1998
1997
Launched our co-branded credit card for our loyalty members in association with HSBC.
Shoppers Stop incorporated as a body corporate.
1995
1994
1993
1992
1991
Opened our first store at Andheri, a suburb in Mumbai, selling only Men’s wear.
Corporate Social Responsibility
Go Green
Being the initiative run with an objective of being environmentally responsible and
contributing to a cleaner society, reduced Energy Consumption as a corporate entity by
Saving 1700 tons of carbon emission per annum, created sustainable energy sourcing- save 9
tons of carbon emission per annum.
Fashion Development & Re-cycling
Is an initiative which pertains to an objective of helping the needy live life of dignity, keeping
up to the CSR Spirits with the stakeholders and an activity which has low cost but high
impact.
Shoppers Stop bags awards conducted by World CSR Congress On 21 February
2014Shoppers Stop announced that the company has won Best Green Energy Efficiency
Initiative Award at Global Green Leadership Awards - 2014, conducted by World CSR
Congress. The company's two major SCM Initiatives have been recognized as the Best
Supply Chain Initiatives for the year 2013 by Asia Manufacturing Supply Chain Summit.
ASN initiative with Madura Garments: The project has been jointly awarded as the best
Manufacturing / Supply Chain Leadership and Strategy Award for both Madura Garments
and Shoppers Stop. GS1 Initiative: Best Supply Chain Initiative of the Year award for the
company.
Our Culture
At Shoppers Stop, we believe in a world of limitless possibilities. We have always set
benchmarks, crossed limits, achieved the impossible and celebrated our successes. Innovation
being the key driver, Shoppers Stop has adopted a new philosophy of 'Start Something New'
to give retail a new dimension. We endeavour to Start Something New in performance. Start
Something New in products. Start Something New in customer service. Start Something New
in life.
This philosophy is embraced & practiced by our Customer Care Associates every day. All
employees across the organization are designated as Customer Care Associates, implying that
we are first and foremost dedicated to serving our customers. This creates a service
orientation within our employees as well as reinforces the feeling of being partners working
towards a common goal.
Our company anthem – ‘Hadh Se Aage’ is played across the organization – from our head
office to regional offices, stores to distribution centers at 10:45 a.m. every morning, with
associates singing the lyrics which encourage & inspire them to make a wholehearted and
meaningful contribution to society.
Marketing Mix Of Shoppers Stop – Shoppers Stop Marketing Mix
Shoppers Stop is a publicly traded company of Indian origins. It is associated with retail and
lifestyle industry as it deals in numerous related products. Shoppers Stop was founded in the
year 1991 and are a subsidiary of its parent company K Raheja Corp Group. It faces
competition from following companies
Wills Lifestyle
Westside
Vishal Mega mart
Ebony
Pantaloons
Globus
Central
Shoppers Stop has become one of the most happening retail outlets in India with a diversified
product portfolio. Its online website also offers each of its products that are available in its
retail outlets. Shoppers Stop offers products for men, children and women of every age group
and it includes
Apparel – Shirts, skirts, dresses, jumpsuits, jackets, bottom wear, baby suits,
winterwear, pants, sportswear, swimwear, lingerie, nightwear, sarees, churidar suits, t-
shirts, jeans, cargos, trousers, blazers, shorts and kurta pyjama
Accessories – Umbrella, reading glasses, diaries, pen, travel essentials, sunglasses,
scarves, clutch, wallet, handbags, watches, belt and cufflinks
Footwear – Flip-Flops, bellies, wedges, platforms, heels, flats, boots, slippers,
sandals, casuals and formal
Jewellery – Fine jewellery, fashion jewellery, artificial jewellery and gold coins
Toys – Dolls, infant toys, soft toys, musical instruments, board games, educational
games, cars, toy trains and blocks
Beauty products – nail polish, shampoos, make-up, moisturiser, scrubs, masks, hair
colours, perfumes, deodorants, shaving products, make-up tools, soaps, serums and
toners
Homeware – Bedsheets, bedcovers, pillow covers, dinner set, tableware, kitchen tools,
bath towels, bathrobes, laundry baskets, curtains, rugs, doormats, dustbins, furniture,
clocks, candles, lamp shades and wall décor
Gifts – Chocolates, sweets, charms, e-gift vouchers, gift cards, corporate gifting and
premium gifting
Place in the Marketing Mix of Shoppers Stop:
Shoppers Stop has a Pan-India presence as it has spread its network to most parts of the
country. It has its headquarters base at Mumbai in Maharashtra. Shoppers Stop started its
operations by opening its first outlet at Andheri in Mumbai and since then has spread its
presence to include seventy-four stores in thirty-five cities like Kolkata, Chennai, Jaipur,
Noida, New Delhi, Bangalore, Bhopal, Amritsar and Aurangabad.
Shoppers Stop has joined the e-commerce industry in the year 2008 with delivery options at
important Indian cities. As part of its omnichannel strategy it in the year 2016, February
launched its mobile application to garner a larger customer base. Shoppers Stop has a strong
distribution channel that includes services of an established management team and skilled
workforce for both direct and indirect dealings with its customers.
Shoppers Stop has targeted upper-middle-class section of society as its target customer that
puts its onus on quality and style. It has set a high benchmark in the retail industry as its
policies have resulted in an increase in footfalls. Shoppers Stop has adopted a premium
pricing policy as it has been able to project itself as a high-end brand that deals in only
qualitative products.
Its customers are willing to spend premium prices for premium products. Shoppers Stop has
also adopted a promotional pricing policy and offers incentives like summer and winter sale
to increase its customer base as well as sales volumes in order to garner larger revenue
figures.
Promotion in the Marketing Mix of Shoppers Stop:
Shoppers Stop has adopted both ATL and BTL marketing strategies to promote its brand in
the consumer market. It has also implemented Interactive as well as Guerrilla marketing to
increase brand awareness. Shoppers Stop has launched several ad campaigns and promotional
policies with help of electronic, digital, print and social media platforms.
People:
Shoppers Stop also focuses on enhancing the skill sets of its employees by continuously
coaching them. Also, various workshops are conducted for the employees to maintain quality
of the employees. Fair evaluations and timely assessments are done for building leadership
qualities among its employees. The frontline staff of Shoppers Stop are timely updated with
the help of various training modules. Also. To enhance knowledge, they are also updated
with various technologies for enhancing efficiency in various processes. Shoppers Stop also
enhances skills of its customer care representatives by career planning and trainings. It
conducts satisfaction surveys of the representatives which helps in redefining the various
policies to employee loyalty. Shoppers Stop has an employee base of around 7400+ and
timely recruitment of qualified staff is done to cater to the needs of the customers and
handling various functions. Shoppers Stop also has venues for training the executives such as
the F.L.E.X. program which trained 176 department managers in 2016 to enhance the
capabilities of various stores. Other learning systems are in place through the online platform
to provide timely updates and rectify flaws in the processes
Process:
Shoppers Stop has got various processes and frameworks. The layout of the Shoppers Stop
stores are quite standardized and has ground floor having cosmetics, watches, perfumes and
other accessories. The 1st floor has clothing accessories and the 2nd floor has shoes, formal
apparels. The customers are provided with facilities of keeping baggage at a counter and
entry through all the floors. To enhance customer experience, they are provided with physical
trial rooms by Shoppers Stop as well as virtual trial rooms which are online systems which
provide real feel of wearing the garment. The checkout counters are placed on all the floors
with multiple counters for speedier checkouts. During checkouts loyalty program members
are given benefits of reimbursing points or gathering them as well as getting new customers.
To provide the best merchandise on the Shoppers Stop stores on the right places, specialized
teams are in place. These teams fix the clothing line ups starting from colour to style and
latest trends. Shoppers Stop also has a wide base of suppliers which are chosen after stringent
evaluations and other alternate venues are in place to mitigate the adverse situations. Various
IT systems are there to manage the backend processes as well as enhance the online shopping
experiences. Customers are also asked for feedback through online channels for gauging
there shopping experiences
Physical Evidence:
Shoppers Stop stores have more than 300 brands of apparels arranged in various places in the
store and properly sorted according to the various segments so as to enhance the customer
experience. The frontline staff of Shoppers Stop provides assistance to these customers in
terms of consultation about latest trends and sizes and help in trials. They also guide them to
various segment of the stores. Customers are also provided with trial rooms to try their outfits
and choose according to their tastes. Customers are also provided with trolley bags to carry
multiple items. They are also helped with the billing and packing process at the checkout
counters. In the online format customers are provided with speedier deliveries and customer
buyer guide to follow them through with purchase and make choices. This gives a summary
of the Shoppers Stop marketing mix
Shoppers Stop bets on omni-channel strategy to grow business
The company said it believes that more consumers across the country will discover Shoppers
Stop through its digital shopping channels.
Brick and mortar retailer Shoppers StopNSE 0.84 % are betting big on an omni-channel retail
strategy -- a combination of physical stores and online site -- to grow its business and aims to
debt-free.
The company, which exited non-core businesses last year by selling its stakes in Hyper city
Retail, Time zone Entertainment Pvt Ltd and Nuance Group (India) Pvt Ltd -- its duty-free
airport retailing joint venture -- said it will make focused and substantial investments for the
omni-channel.
"We believe that these exits (divestment) will serve in giving us the eagle eye focus required
to significantly scale-up our core-businesses while also dramatically change our balance sheet
and thereby increase shareholder value. We aim to be completely debt-free by financial year
2018-19," Shopper Stop said in annual report for 2017-18.
"This alliance with Amazon.in will give a significant fillip to the growth of our omni-channel
business, helping us to achieve our target of 10 per cent of overall sales from digital touch-
points.
Elaborating on its offline expansion plans, Shoppers Stop said: "We plan to open 4-6
department stores and 8-10 beauty stores each year for the next 3 years to reach a wider and
broader footprint. Where our physical stores are not present, our online shop.
STORE VISITING
After visiting the shoppers stop store at rat mall, we had come to know about the number of
the brands prevailing in that store
1. Haute Curry
2. IVY
3. Stop
4. Life
5. Vittorio Fratini
6. Rocky Star
7. Desigual
8. Femina Flaunt
9. Louis Phillipe
10. Back to Earth
11. Flying machine
12. Zodiac
13. Puma
14. Levi’s
15. Lee cooper
16. mufti
Along with this we had got some worthy information about that retail store which
include their sales, no. of the employees, their break hours, their shift timing etc
There sales per day is 8- 10 lakh and on weekends their sales crosses 10 lakh. During
offers their sales goes up to 15-20 lakh. At rct mall they have three stores which
include employees around 450 every brand sends their 2 employees but management
is being done by shoppers stop. It includes two shift 10.30 to 8 and 12.00 to 10.30
and they get a break of two hours.
LAYOUT OF SHOPPERS STOP
1. GENTS SECTION
Leading Indian fashion retailer Shoppers Stop has successfully implemented JDA®
Warehouse Management across four warehouses in order to help it achieve its omni-
channel vision. With warehouses in Mumbai, Bangalore, Kolkata and Delhi, Shoppers
Stop now has a powerful warehousing solution that meets the current and future
demands of the competitive and varied distribution environment in which it operates.
India’s leading fashion retailer with 80 stores across India as well as an online
shopping store, Shoppers Stop is a one-stop shop for fashionable products across
multiple categories such as apparel, beauty, fragrances, footwear, personal
accessories such as watches, sunglasses, handbags, wallets and belts, kids wear, toys,
home decor and much more. The company’s vision is to be an inspirational and
trusted brand, transforming customers’ lives through fashion and a delightful
shopping experience every time.
After launching a number of consumer loyalty programmes in 2002, Shoppers Stop Ltd is in
the process of implementing new customer relationship management (CRM) initiatives.
The objective behind the move is to enhance customer retention, create clear differentiation
in terms of benefits and rewards across each of the tiers (Classic, Silver and Gold cards) and
set up exclusive first citizens cash counters for express check-out at Shoppers Stop outlets
across the country.
With the move, the company hopes its overall sales turnover to grow at an additional rate of
25 to 30 per cent next year, informs Shoppers Stop senior manager marketing and services
(customer care associates) Ajay Kelkar.
According to Mr Kelkar: We are initially planning to expand the number of Shoppers Stop
outlets in major metros where they already exist. This will enable us to increase our
contribution through differentiation in terms of relevant offering of each of the tiers.
Close on the heels of entering into a co-branded credit card tie-up with Citibank to provide
its customers with exclusive benefits for shopping, the company has achieved track record of
3,000 consumers in just one month who are currently using this credit card, informs Mr
Kelkar. We expect Citibank credit card users for shopping to reach 1-1.5 lakh mark next year,
he adds.
The company plans to launch a new consumer promotion called Make Your Own Sale Day
soon. In addition, the company aims to position itself as a global retailer by bringing in the
world’s leading retail technology, retail practices and sales to India.
For the purpose, we are currently hosting India Shopping Festival on the lines of the Dubai
shopping festival till January 26, 2003, across nine stores in Mumbai, Delhi, Jaipur, Pune,
Hyderabad and Bangalore, he informs.
To create an effective promotional campaign, the company is using the recency, frequency
and monetary value model to identify each member frequenting the store and the spend per
visit.
Along with the new look and feel, the retail chain has also introduced various initiatives in
tune with the brand’s new philosophy. Some of the initiatives include trial rooms with day
and night lighting options, which is a first in retail in India and was conceptualised based on a
consumer insight that most women wished to evaluate a garment both in day light as well as
to see if it looks good for an evening do. Another initiative is Shoppers’ Stop radio format,
which has been created specifically keeping in mind the brand’s positioning and the
ambience that it presents to its customers.
The retail chain has now also taken an extra step in terms of social values and being
environment friendly with ‘Think Green’. The first initiative under ‘Think Green’ is coming
to the aid of Neem trees, wherein Shoppers’ Stop is distributing 1.5 lakh Neem seed sachets
along with Life merchandise. A print ad has been brought out to encourage customers to
become more aware of environmental concerns.
Keeping in mind the entire ‘bridge to luxury’ positioning and the fact that luxury brands have
a flaunt value that symbolises ‘having arrived’, a new symbol has been created for Shoppers’
Stop. The symbol, which has been created out of the initial’s ‘SS’, gives one a cue of infinity
and delivers the message of the infinite possibilities that the brand promises.
“The change in the identity is just the beginning of a wave of strategic movements that are
being made in people, people practices, introduction of new ways of shopping, technology
investment in CRM and analytics. We introduced Indians to a modern way of shopping as
early as in 1991, and now we will invest in taking our Indian consumers towards the ‘bridge
to luxury’ retailing in India and meeting their new found aspirations and global ambitions.”
Shoppers Stop SWOT Analysis