Future Business Trends in Retail (Pantaloons)
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This document summarizes a report on future business trends in the Indian retail sector, specifically for Pantaloons Retail (India) Ltd. It provides background on the growth of the Indian retail industry and Pantaloons. Emerging trends in Indian retail include relaxation of FDI regulations, growth of hypermart formats, and increasing consumer spending and brand consciousness. The summary also outlines Pantaloons' retail segments and notes changes in the workplace and potential ethical issues in the industry.
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Future Business Trends in Retail (Pantaloons)
- 1. BC REPORT ON ‘FUTURE BUSINESS TRENDS IN RETAIL’ (PANTALOONS) GROUP MEMBERS- Shahbaaz Ahmed PGFB1345 Shravan Kumar Jha PGFB1346 Shivam Upadhyay PGFB1347 Nivedita Rai PGFB1348
- 2. RETAIL INDUSTRY • Largest retail industry in India with employment of 8% and contributing to 10% of GDP. • Second fastest growing economy of the world. • Ranks at top 10 FDI destination of the world. • High return of investments. • Excellent investment opportunities in Indian retail sector.
- 3. Introduction • India’s leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian consumer market. • Headquartered in Mumbai (Bombay), • The company operates over 12 million square feet of retail space, has over 1000 stores across 73 cities in India. • employs over 30,000 people.
- 4. Introduction • Mid 1980’s – PRIL begin as a trouser manufacturer. • March 2006 – Pantaloon Group renamed as Future Group. • Now taken over by Aditya Birla Nuvo Limited (ABNL). • Brands across categories that range from western to ethnic wear, formal to party wear and active wear for men, women and kids. • Offers fashion accessories like fragrances, footwear, handbags, watches, sunglasses, etc.
- 5. VISION • “Our strive towards looking at the Indian market differently and strategizing with the evolving customer helped us perform better.“ as quoted by- Kishore Biyani, CEO & MD, Pantaloons Retail (India) Ltd (1999) • Pranab Barua is new MD of Pantaloons.
- 7. • 1. Pantaloons : Lifestyle products under Private Labels and third party brands • 2. Central: Seamless mall providing the customer with a wide range of lifestyle products across multiple national and international brands • 3. Big Bazaar: Value retailing with a range of products from apparel, toys, accessories, consumer durables to household products and furnishing • 4. Food Bazaar: Food and personal care products including dry groceries and FMCG products
- 8. EMERGING TRENDS • Relaxation of Govt. on regulatory controls on FDI • Indian retail sector will grow up to 10 % of total retailing. • Emergence of Transactional companies. • Hypermart format of retailing. • Spending capacity of youth. • Brand Consciousness. • Easy customer credit.
- 9. GLOBAL CULTURAL ISSUES • Rising Income levels. • Changing lifestyle. (Western influences.) • Awareness and aspirations. • Consumerism in urban areas. • Steep rise in rural consumption. • Lack of trained manpower shortage. • Entry of global giants due to FDI.
- 10. CORPORATE CULTURE • High degree of professionalism and corporate ethics. • Stable and investor friendly Govt. at the helm of affairs. • Employee commitment. • Strong trust relationship. • 360 degree communication. • Support for innovation. • Effective leadership.
- 11. CHANGES IN WORKPLACE 1. Counter Service 2. Few 100 sq. feet shop 3. No Gadgets 4. No IT 5. Less than 200 SKU 1. Self Service 2. 50,000 plus sq. feet shop. 3. Advanced gadgets 4. Advanced IT 5. 8,000 to 10,000 SKU
- 12. ETHICAL ISSUES • Misuse of company’s assets. • Confidential codes. • Employee theft. • Pricing constraints- 1. Horizontal 2. Vertical 3. Deceptive • Promotional constraints (Deceptive ads and sales)