PANTALOONS
PANTALOONS
HYDERABAD
17% 16%
10% WEEK
17% MONTH WEDNESDAYS
During Big Offers
Never
40%
8%
12%
36%
T24 SIM
PAYBACK CARD PROFIT CLUB CARD
None
44%
Reason for Shopping at pantaloons
4%
16% 28%
Single Window Shopping
12% Different Brands at one place Loyalty schemes
Discounts and Offers
None
40%
4%
24%
Quality & Quantity
After Sales & Service Discounts & Offers Convenience
Hardly Matters
60%
12%
0%
Areas of Loyalty scheme
20%
Using
Not Using
80%
24%
76%
Savings at pantaloons through Loyalty
vouchers & cards
44% Yes
56% No
28%
Yes No
72%
Spending less money at store in absence of Loyalty cards
40%
Yes
No
60%
FEEDBACK FOR LOYALTY SCHEMES
8%
44%
Agree
48% May be
Disagree
24%
52% Agree
May be Disagree
24%
Substantial savings on bills due to the
Discount vouchers offered by pantaloons
28%
Agree
52% May be Disagree
20%
16%
24% Agree
60% May be Disagree
FEEDBACK FOR T24 SIM
40% 36%
Agree
May be Disagree
24%
40%
44%
Agree
May be Disagree
16%
Keeps me udpate for offers and discounts at
pantaloons and help me to remain loyal
through Free text message alert
36%
44%
Agree
May be Disagree
20%
FINDINGS
The customers are not much aware of the loyalty schemes of Pantaloons or
some other stores. They shop for 10,000/- or above but they don’t want to
make their profit club cards, some of the excuses we got form them are as
follows:-
1. Stocks are out which they want at store, so the stock should be
well maintained.
2. The categories in Apparels are limited, wants something new
according to the new fashion.
3. Exchange offers which Pantaloons offers to the customer is not worth of
it.
4. The points are not valuable according to the shopping amount in
the payback card scheme.
5. Not satisfied with the offers because they are getting the same product
at same or less price outside on traditional retailing center.
6. Jamshedpur citizens complain about the inconvenience they face due
to the distance of store from the city.
7. The quality and taste of food is not good, it needs
improvement.
8. Fully satisfied with the T24 network outside India too they are having
the service but needs some improvement in Jamshedpur area.
CONCLUSION
The retail industry in India is likely to grow 15-20% every year but then also
the India fallen down 6 rank downwards in the world ranking (Source by
GRDI) just not only because of the different govt. policies which needs some
amendments but also because the Retailers are not able to understand their
customer and failed to make a strong bond between them. The Pantaloons is the
top most retail industry in India with 251 stores in 101 cities Including
hyderabad recently opened in December 2014. The customers are interested to
do shopping at one place where they get all the products from pin to fin under
one roof so they rush to the Pantaloons. In this manner they once come in the
store then they must come again and become our regular customer, for this the
loyalty programs are offered to them. Some customers are not aware of these
loyalty programs but then also they visit the store frequently and do their
shopping which is strange to hear. Its time to understand the customers want
and to increase the sales and retention of consumer.
References :
1. www.wikipedia.com/bigbazaar
2. Levitt,1986; Gronroos, 1994; Morgan,1994;
Gummesson,1994; Bejou et al,1998
3. 4. Retail management book, Gibson G. Vedamani
5. www.financialservice.com , www.moneycontrol.com
6. www.scholargoogle.com ,
7. www.pantaloons.com
8. www.bigbazaar.com
9. www.wikipedia.com/bigbazaar