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CHAPTER - 1
 INDUSTRY PROFILE




                    1
1. INDUSTRY PROFILE

1.1 ABSTRACT:-


This paper provides detailed information about the growth of retailing industry in India.
It examines the growing awareness and brand consciousness among people across
different socio-economic classes in India and how the urban and semi-urban retail
markets are witnessing significant growth. It explores the role of the Government of
India in the industry growth and the need for further reforms. In India the vast middle
class and its almost untapped retail industry are the key attractive forces for global retail
giants wanting to enter into newer markets, which in turn will help the India Retail
Industry to grow faster. The paper includes growth of retail sector in India, strategies,
strength and opportunities of retail stores, retail format in India, recent trends, and
opportunities and challenges. This paper concludes with the likely impact of the entry of
global players into the Indian retailing industry. It also highlights the challenges faced
by the industry in near future.



1.2 INTRODUCTION:-

The India Retail Industry is the largest among all the industries, accounting for over 10
per cent of the country GDP and around 8 per cent of the employment. The Retail
Industry in India has come forth as one of the most dynamic and fast paced industries
with several players entering the market. But all of them have not yet tasted success
because of the heavy initial investments that are required to break even with other
companies and compete with them. The India Retail Industry is gradually inching its way
towards becoming the next boom industry. The total concept and idea of shopping has
undergone an attention drawing change in terms of format and consumer buying
behavior, ushering in a revolution in shopping in India. Modern retailing has entered into
the Retail market in India as is observed in the form of bustling shopping centers, multi-
storied malls and the huge complexes that offer shopping, entertainment and food all
under one roof.

A large young working population with median age of 24 years, nuclear families in urban
areas, along with increasing workingwomen population and emerging opportunities in the
services sector are going to be the key factors in the growth of the organized Retail sector
in India. The growth pattern in organized retailing and in the consumption made by the
Indian population will follow a rising graph helping the newer businessmen to enter the
India Retail Industry.

In India the vast middle class and its almost untapped retail industry are the key attractive
forces for global retail giants wanting to enter into newer markets, which in turn will help
                                                                                                2
the India Retail Industry to grow faster. Indian retail is expected to grow 25 per cent
annually. Modern retail in India could be worth US$ 175-200 billion by 2016. The Food
Retail Industry in India dominates the shopping basket. The Mobile phone Retail Industry
in India is already a US$ 16.7 billion business, growing at over 20 per cent per year. The
future of the India Retail Industry looks promising with the growing of the market, with
the government policies becoming more favorable and the emerging technologies
facilitating operations.

1.3 GROWTH OF RETAIL SECTOR IN INDIA:-

Retail and real estate are the two booming sectors of India in the present times. And if
industry experts are to be believed, the prospects of both the sectors are mutually
dependent on each other. Retail, one of India largest industries, has presently emerged as
one of the most dynamic and fast paced industries of our times with several players
entering the market.

 Accounting for over 10 per cent of the country GDP and around eight per cent of the
 employment retailing in India is gradually inching its way toward becoming the next
 boom industry.

 1.4 RECENT TRENDS:-

       Retailing in India is witnessing a huge revamping exercise as can be seen in the
       graph
       India is rated the fifth most attractive emerging retail market: a potential
       goldmine.
       Estimated to be US$ 200 billion, of which organized retailing (i.e. modern trade)
       makes up 3 percent or US$ 6.4 billion
       As per a report by KPMG the annual growth of department stores is estimated at
       24%
       Ranked second in a Global Retail Development Index of 30 developing countries
       drawn up by AT Kearney.
       Multiple drivers leading to a consumption boom:
           o Favorable demographics
           o Growth in income
           o Increasing population of women
           o Raising aspirations: Value added goods sales
       Food and apparel retailing key drivers of growth
       Organized retailing in India has been largely an urban
       Phenomenon with affluent classes and growing number of double-income
       households.
       More successful in cities in the south and west of India. Reasons range from
       differences in consumer buying behavior to cost of real estate and taxation laws.


                                                                                        3
Rural markets emerging as a huge opportunity for retailers reflected in the share
    of the rural market across most categories of consumption.
    IT is a tool that has been used by retailers ranging from Amazon.com to eBay to
    radically change buying behavior across the globe.




1.5 RETAIL SALES IN INDIA:-




                                                                                   4
1.6CONCLUSION:-

The retail sector has played a phenomenal role throughout the world in increasing
productivity of consumer goods and services. It is also the second largest industry in US
in terms of numbers of employees and establishments. There is no denying the fact that
most of the developed economies are very much relying on their retail sector as a
locomotive of growth. The India Retail Industry is the largest among all the industries,
accounting for over 10 per cent of the country GDP and around 8 per cent of the
employment. The Retail Industry in India has come forth as one of the most dynamic
and fast paced industries with several players entering the market. But all of them have
not yet tasted success because of the heavy initial investments that are required to break
even with other companies and compete with them. The India Retail Industry is
gradually inching its way towards becoming the next boom industry.




                                                                                             5
CHAPTER - 2
 COMPANY PROFILE




                   6
2. Company profile



2.1 Introduction:-

Big Bazaar is a chain of shopping malls in India, owned by the Pantaloon Group and
which work on Wal-Mart type economies of scale. They have had considerable success in
many Indian cities and small towns. Big Bazaar provides quality items but at an
affordable price. It is a very innovative idea and this hypermarket has almost anything
under one roof….Apparel, Footwear, Toys, Household Appliances and more. The
ambience and customer care adds on to the shopping experience.

Is se sasta aur acha kahin nahin:-

Big bazaar is the company’s foray into the world of hypermarket discount stores, the first
of its kind in India. Price and the wide array of products are the USP’s in Big Bazaar.
Close to two lakh products are available under one roof at prices lower by 2 to 60 per cent
over the corresponding market prices. The high quality of service, good ambience,
implicit guarantees and continuous discount programmers have helped in changing the
face of the Indian retailing industry. A leading foreign broking house compared the rush
at Big Bazaar to that of a local suburban train.




2.2 Products available in Big bazaar:-


Apparel and Accessories for Men, Women and Children.

Baby Accessories.                    Toys
                                                              Luggage
Cosmetics                            Home Textiles
                                                              Linens
Crockery                             Home Needs
                                                              Sarees
Dress Materials Suiting & Shirting   Household Appliances
                                                              Stationery
Electrical Accessories               Household Plastics
                                                              Utensils & Utilities
Electronics                          Hardware
Footwear                             Home Decor




                                                                                         7
CHAPTER - 3
 LITERATURE REVIEW




                     8
3. LITERATURE REVIEW:-

Sunil Kumar:-

Objectives of the study:-



1. To find out the buying behavior of the customers coming in to Big Bazaar in surat

2. To determine the current status of Big Bazaar.

3. To find out the customers response towards Big Bazaar.

4. To study the satisfaction level of customers in different attributes of Big Bazaar.

5. To identify main competitors of Big Bazaar.



Suggestion:-



       Big bazaar should include more of branded products its product category so as to
       attract the brand choosy people to come in to big bazaar.


       Big bazaar should provide large parking space for its customers so that they can
       easily park their vehicles.

       It should make different cash counters for different customers. Cash counter and
       credit card payment counter should be placed differently in order to reduce the
       rush and save the customer’s time. This will be a kind of motivator for the
       customers of big bazaar.




                                                                                         9
Conclusion:-


Big bazaar is a hypermarket as it provides various kinds of goods like apparels, grocery,
stationary, food items, electronic items, leather items, watches, jewellery, crockery,
decorative items, sport items, chocolates and many more. It competes with all the
specialty stores of different products which provide goods at a discounted rate all through
the year. It holds a large customer base and it seemed from the study that the customers
are quite satisfied with big bazaar. As of now there are 34 big bazaars in different cities of
India, it seems that there is a vast growth of big bazaar lying as customers demand is
increasing for big bazaars.

Big bazaar is a hypermarket store where varieties of products are being sold on different
product category. It has emerged as a hub of shopping specially for middle class people.




                                                                                           10
CHAPTER - 4
RESEARCH METHODOLOGY




                       11
4. Research methodology:-


Technology, customers tastes and preferences play a vital role in today’s generation.
Research Methodology is a set of various methods to be followed to find out various
information’s regarding market strata of different products. Research Methodology is
required in every industry for acquiring knowledge of their products.

4.1 Research objectives:-

         Primary objectives:-

> To find out the buying behavior of the customers coming in to Big Bazaar in surat city.

         Secondary objectives:-

> To determine the current status of Big Bazaar.
> To find out the customers response towards Big Bazaar.
> To study the satisfaction level of customers in different attributes of Big Bazaar.
> To identify main competitors of Big Bazaar.

4.2 Research design:-

                Exploratory research

4.3 Sampling design:-

              Non-probability sampling – convenience sampling


4.4 Type of data to be used:-

          >primary data
          >secondary data




4.5 Data collection method:-

                        Data is collected from various customers through personal
interaction. Specific questionnaire is prepared for collecting data. Data is collected with

                                                                                        12
mere interaction and formal discussion with different respondents. Some other relevant
information collected through secondary data .

4.6 Sample size:-

       >100 customers

4.7 Research instrument:-

          >survey by questionnaire




                                                                                   13
CHAPTER - 5
  DATA ANALYSIS




                  14
5. DATA ANALYSIS:-


Que-1:- How frequently do you visit big bazaar?



                                         Frequency      Percent
                             weekly      15             15
                             monthly     29             29
                             quarterly   14             14
                             on          42             42
                             unplanned
                             basis
                             Total     100              100



                               Frequency of visit

                                        15%


                                                                  weekly
                  42%
                                                                  monthly
                                                                  quarterly
                                                  29%             on unplanned basis




                                14%




Interpretation: From the above graph it interpret that in big bazaar 29% customers
visit monthly, 15% customer visit weekly 14% customers visit quarterly and 42%
customers visit on planned basis , it means mostly customers visit on un planned basis for
purchase their requirement.




                                                                                       15
Que-2:-apart from big bazaar do you intend to visit any other retail outlet in a mall?




                                        Frequency Percent
                              no        19        19
                              yes       81           81
                              Total     100          100




                         Visit other retail mall

                                                  19%




                                                                               no
                                                                               yes



                                81%




Interpretation: From the above graph it interpret that 81% customers of big bazaar
visit other retail stores for their requirements and 19% customers of big bazaar generally
do not visit other retail stores. It shows that customer’s satisfaction level is not more in
big bazaar.




                                                                                         16
Que-2(a):- if yes then what are the other retail outlet do you intend to visit in a mall?




                                                         Responses
                                                         N    Percent
                           outlet                        23 10.70%
                           footwear outlet               35 16.30%

                           food court                    50   23.30%
                           entertainment                 29   13.50%

                           gift corner            37          17.20%
                           jwelleryandwattchstore 41          19.10%


                        Total                            215 100.00%




                              Other retail frequencies
                                      11%
                        19%
                                                                outlet

                                                   16%          footwearoutlet
                                                                foodcourt
                                                                entertainment
                17%
                                                                giftcorner
                                                                jwelleryandwattchstore
                                             23%
                          14%




Interpretation:        customer go at other retail outlet 11%for outlet,16% for footwear
outlet, 23% for foodcourt,14% for entertainment, 17% for gift corner, 19% for jewelry
and watches store. It shows that customer not more satisfy with food court.




                                                                                            17
Que-3:-what is the purpose behind visiting big bazaar?



                                        Responses
                                        N     Percent
                               shopping 80    59.70%
                               outing   19    14.20%
                               others   35    26.10%
                             Total      134 100.00%



                          Purpose behind visiting


                       26%



                                                                        shoping
                                                                        outing
                                                                        others
                                                     60%
                    14%




Interpretation: Out of the 100 respondents 60% of respondents visit big bazaar for
shopping, 14% for outing and 26% visit big bazaar for other purposes.




                                                                                  18
Que-4:- what type of products do you mostly purchase in big bazaar?




                                                Responses
                                                N    Percent
                                clothes         61 24.90%
                                grocery         25 10.20%
                                food item       66 26.90%
                                letheritem      10 4.10%
                                electronic      13 5.30%
                                item
                                gift item    35       14.30%
                                anyotheritem 35       14.30%

                              Total             245 100.00%




                                product purchase

                              14%
                                                   25%
                                                                      clothes
                                                                      grocery
                   14%                                                fooditem
                                                                      letheritem
                                                                      electronicitem
                                                         10%
                    6%                                                giftitem

                         4%                                           anyotheritem


                                        27%



Interpretation:         The above graph shows that 25% of people visit garment outlet in
a mall other than that of big bazaar. 27% of people also prefer to visit food court in a mall
other than big bazaar. 4% of the people go to footwear outlet in a mall other than big
bazaar.




                                                                                          19
Que-5:- on an average how much amount of money do you spend in a visit to big bazaar?




                                         Frequency Percent
                                <500     26        26
                                500-     31        31
                                100
                                1000-    20           20
                                1500
                                1500-    13           13
                                2000
                                >2000    10           10
                                Total    100          100




                           amount of money spend

                              10%

                                                26%
                                                                        <500
                     13%
                                                                        500-100
                                                                        1000-1500
                                                                        1500-2000
                                                                        >2000
                    20%

                                              31%




Interpretation:        We can clearly see from this graph that majority of the customers
spend a lot in big bazaar that is 10% of people spend more than Rs2000 in a single visit to
big bazaar. number of people that is 20% of people each spend Rs 1000-1500 and 13%
peoples spend Rs 1500-2000 respectively in a visit to big bazaar.31% of people spend Rs
500-1000 and only 26% of customers are there who spends less than Rs500 in their visit
to big bazaar.




                                                                                        20
Que-6:- do you go with a planned list of products to be purchased from big bazaar?




                                        Frequency      Percent
                               yes      32             32
                               no       50             50
                               sometime 18             18
                               Total    100            100




                           planned list of product
                        18%

                                             32%

                                                                       yes
                                                                       no
                                                                       sometime



                        50%




Interpretation: As shown in the graph out of my total respondents of 100, 50% of
customers come to big bazaar without a planned list of products. 32% of people come in
to big bazaar with planned list of products to be purchased from big bazaar. And 18% of
customer come in to big bazaar sometimes with planned list.




                                                                                     21
Que-7:- what is your mode of payment in big bazaar?




                                                 Frequency Percent
                                  cash           86        86
                                  credit         11        11
                                  card
                                  debit          3         3
                                  card
                                  Total          100       100




                             mode of payment
                             3%
                       11%



                                                                     cah
                                                                     credit card
                                                                     debit card



                                           86%




Interpretation:     As per my study is concerned, out of the total respondents 86% of
people make cash payment in big bazaar. 11% of them uses credit card as their mode of
payment and 3% of the people makes payment in big bazaar through their debit card.




                                                                                   22
Que-8:- what encourages you to visit big bazaar?




                                                Responses
                                                N     Percent
                                   price        37    23.90%
                                   service      56    36.10%
                                   product      34    21.90%
                                   variety
                                   product      28    18.10%
                                   quality
                         Total                  155   100.00%




                                   encourages

                       18%
                                          24%

                                                                price
                                                                service
                                                                productvariety
                 22%                                            productquality


                                        36%




Interpretation:      36% customers also said that they feel good about the service and
ambience provided by big bazaar. Product quality is rated at very low that is only 18%
which encourages the customers to come to big bazaar.




                                                                                   23
Que-9:- how is the parking space availability in big bazaar?




                                          Frequency Percent
                                less then 11        11
                                adequate
                                adequate 62         62
                                more      27        27
                                then
                                adequate
                                Total     100       100




                          parking space availability
                                      11%

                    27%

                                                               less then adequate
                                                               adequate
                                                               more then adequate



                                         62%




Interpretation: As it is shown in chart most of 62% the people say big bazaar does
provide adequate parking space. 11% of people also say that less than adequate space is
provided for parking big bazaar.




                                                                                    24
Que-10:- give the rate of following parameters of big bazaar.




                                 price
                                          Frequency Percent
                                 strongly 26        26
                                 agree
                                 agree    34        34
                                 neutral 21         21
                                 disagree 7         7
                                 strongly 12        12
                                 disagree
                                 Total    100       100




                                         price
                           12%

                                               26%
                   7%
                                                                strongly agree
                                                                agree
                                                                nuteral
                 21%                                            disagree
                                                                strongly disagree

                                         34%




Interpretation:        As per the above chart it can be conclude that 34% customers are
agree with the price and only 7% customer disagree with price.




                                                                                    25
service
                                      Frequency    Percent
                          strongly    15           15
                          agree
                          agree       49           49
                          neutral     25           25
                          disagree    8            8
                          strongly    3            3
                          disagree
                          Total       100          100



                              3%     service
                         8%          15%

                                                             strongly agree
                                                             agree
                 25%
                                                             nuteral
                                                             disagree
                                                             strongly disagree
                                       49%




Interpretation:     from above chart it can be conclude that 49% customer are agree
and only 3% customer are strongly disagree with the service of big bazaar.




                                                                                 26
variety
                                       Frequency    Percent
                            strongly   26           26
                            agree
                            agree      35           35
                            neutral    24           24
                            disagree   8            8
                            strongly   7            7
                            disagree
                            Total      100          100




                                       variety

                               7%
                       8%
                                              26%
                                                              strongly agree
                                                              agree
                                                              nuteral
                 24%                                          disagree
                                                              strongly disagree


                                        35%




Interpretation:     from above chart it can be conclude that 35% customer are agree
and only 7% customer are strongly disagree with the variety of product in big bazaar.




                                                                                  27
quality
                                      Frequency      Percent
                          strongly    14             14
                          agree
                          agree       30             30
                          neutral     25             25
                          disagree    23             23
                          strongly    8              8
                          disagree
                          Total       100            100



                              quality of products
                              8%
                                       14%

                                                                 strongly agree
                   23%                                           agree
                                                                 nuteral
                                               30%               disagree
                                                                 strongly disagree


                           25%




Interpretation:     from above chart it can be conclude that 30% customer are agree
and only 8% customer are strongly disagree with the variety of product in big bazaar. and
25% customer are neutral for variety of product.




                                                                                      28
experience
                                           Frequency Percent
                             strongly      20        20
                             agree
                             agree         28          28
                             neutral       30          30
                             disagree      13          13
                             strongly      9           9
                             disagree
                             Total         100         100




                             shopping experience
                             9%
                                           20%
                    13%                                          strongly agree
                                                                 agree
                                                                 nuteral
                                                                 disagree

                                                 28%             strongly disagree
                      30%




Interpretation: from above chart it can be conclude that 30% customer are neutral
and only 9% customer are strongly disagree with the variety of product in big bazaar. and
28% customer are agree for shopping experience of product.




                                                                                      29
convienance
                                            Frequency Percent
                           strongly         13        13
                           agree
                           agree            31          31
                           neutral          25          25
                           disagree         19          19
                           strongly         12          12
                           disagree
                           Total            100         100




                                 convienance
                          12%         13%


                                                                strongly agree

                 19%                                            agree
                                                                nuteral
                                                  31%           disagree
                                                                strongly disagree


                         25%




Interpretation: from above chart it can be conclude that 25% customer are neutral
and only 12% customer are strongly disagree with the variety of product in big bazaar.
And 31% customers are agree for of product.




                                                                                    30
Findings

1. At present time Big Bazaar provide different types of product assortments to the
customers.

2. Continuously opening of Big Bazaar chains in different major cities, increasing
quantities of the customers & profit show that Big Bazaar most accepted name in
organized retail chain in India.

3. Big Bazaar mainly deal with middle income group people who want qualitative product
with reasonable cost.

4. Big bazaar has a good reputation of itself in the market.

5. Big bazaar has positioned itself in the market as a discounted store.

6. Big bazaar holds a huge customer base. The majority of customers belong to middle
class family.

7. Impulse buying behavior of customers comes in to play most of the times in big bazaar.

8. There are more than 50 big bazaars in different cities of India, it seems that there is a
vast growth of big bazaar lying as customers demand is increasing for big bazaars.

9. Big bazaar is a hypermarket as it provides various kinds of goods like apparels,
grocery, stationary, food items, electronic items, leather items, watches, jewellery,
crockery, decorative items, sport items, chocolates and many more. It competes with all
the specialty stores of different products which provide goods at a discounted rate all
through the year.




                                                                                         31
Recommendation

Big bazaar should include more of branded products its product category so as to
attract the brand choosy people to come in to big bazaar.

It should make different cash counters for different customers. Cash counter and
credit card payment counter should be placed differently in order to reduce the
rush and save the customer’s time. This will be a kind of motivator for the
customers of big bazaar.

The service of the sales person is needed to be improved. Personal care should be
taken by the sales person for the customers so that the customers feel good.

Customer care department is needed to take proper care of customer complaints
and queries. The person sitting at the help desk of big bazaar should be able to
provide all necessary information to the customers whenever it is required.

The infrastructure is needed to be changed a bit during weekends as heavy crowd
comes in to big bazaar during those days.




                                                                              32
Conclusion

Big bazaar is a major shopping complex for today’s customers. It is a place where
customers find variety of products at a reasonable price. Big bazaar has a good reputation
of itself in the market. It has positioned itself in the market as a discounted store. It holds
a huge customer base. The majority of customers belong to middle class family. The
youth generation also likes shopping and moving around big bazaar. Volume sales always
take place in big bazaar. Impulse buying behavior of customers comes in to play most of
the times in big bazaar.

Different types of products starting from a baby food to pizzas all are available under one
roof. People not only visit big bazaar to do shopping but also visit for outing purpose as it
provides a very nice ambience to its customers. As people go to malls they just tend to
move around big bazaar whether it is for shopping purpose or for outing purpose. The
major significance of big bazaar is that it providing enough parking spaces for its
customers. Even though some customers say that they feel problem in parking their
vehicle.




                                                                                            33
Bibliography

Books

► Kotler Philip, marketing management, (Pearson       education, 12th edition)
► Malhotra K. Naresh, marketing research (An applied orientation), Research design,
(Prentice hall of India pvt. 5th edition)
► Berman B and Evans J.R, Retail Management (Pearson       education, 10th edition)
► Louden D.L. & bitta delia consumer behavior ( tata Mc. Graw hill, 4th edition )
► Newman A.J. and Cullen P,Retailing,Environment and operations(Vikas,1st Ed.)


Internet web page

      www.Bigbazaar.co.in
      Organizedretail.co.in
      Retail seminar. In
      Literature review on Big Bazaar.com
      Retailing.co.in




                                                                                34
Annexure


            “A Study on Buying Behavior of Customers in Big Bazaar in surat”



Questionnaire
Part-1

   1.    Name: -
   2.    Age: -
   3.    Gender: -
   4.    Address: -
   5.    Qualification: -
   6.    Profession: -
   7.    Ph.
   8.    What’s your monthly income?
                Below 10,000
                20,000 – 40,000
                40,000 – 60,000
                More than 60,000

Part-2

1. How frequently do you visit big bazaar?
            Weekly                     monthly
            Quarterly                on unplanned basis


2. Apart from big bazaar do you intend to visit any other retail outlet in a mall?

            Yes                                                no

2. (A). If yes then what are the other retail outlets do you intend to visit in a mall?
            Outlet
            Footwear outlet
            Food court
            Entertainment
            Gift corner
            Jewelery and watches store




                                                                                          35
3. What is the purpose behind visiting big bazaar?
            Shopping
            Outing
            Others


4. What type of products do you mostly purchase in big bazaar?
           Cloths
           Grocery
           Food item
           Leather item
           Electronic item
           Gift item
           Any other item


5. On an average how much amount of money do you spend in a visit to big bazaar?
           Below 500
           500 – 1000
           1000 – 1500
           1500 – 2000
           More than 2000

6. Do you go with a planned list of products to be purchased from big bazaar?
           Yes                          no                           some time


7. What is your mode of payment in big bazaar?
            Cash payment                credit card                  debit card


8. What encourages you to visit big bazaar?
                  Price                                     product variety
                  Service                                   product quality


9. How is the parking space availability in big bazaar?
                          Less than adequate
                          Adequate
                          More than adequate




                                                                                   36
10. Give the rate of following parameters of big bazaar.
         parameters                 1            2         3   4   5
Price
Service
Variety
Quality
Shopping experience
Convenience




                                                                       37

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Big bazar

  • 1. CHAPTER - 1 INDUSTRY PROFILE 1
  • 2. 1. INDUSTRY PROFILE 1.1 ABSTRACT:- This paper provides detailed information about the growth of retailing industry in India. It examines the growing awareness and brand consciousness among people across different socio-economic classes in India and how the urban and semi-urban retail markets are witnessing significant growth. It explores the role of the Government of India in the industry growth and the need for further reforms. In India the vast middle class and its almost untapped retail industry are the key attractive forces for global retail giants wanting to enter into newer markets, which in turn will help the India Retail Industry to grow faster. The paper includes growth of retail sector in India, strategies, strength and opportunities of retail stores, retail format in India, recent trends, and opportunities and challenges. This paper concludes with the likely impact of the entry of global players into the Indian retailing industry. It also highlights the challenges faced by the industry in near future. 1.2 INTRODUCTION:- The India Retail Industry is the largest among all the industries, accounting for over 10 per cent of the country GDP and around 8 per cent of the employment. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. But all of them have not yet tasted success because of the heavy initial investments that are required to break even with other companies and compete with them. The India Retail Industry is gradually inching its way towards becoming the next boom industry. The total concept and idea of shopping has undergone an attention drawing change in terms of format and consumer buying behavior, ushering in a revolution in shopping in India. Modern retailing has entered into the Retail market in India as is observed in the form of bustling shopping centers, multi- storied malls and the huge complexes that offer shopping, entertainment and food all under one roof. A large young working population with median age of 24 years, nuclear families in urban areas, along with increasing workingwomen population and emerging opportunities in the services sector are going to be the key factors in the growth of the organized Retail sector in India. The growth pattern in organized retailing and in the consumption made by the Indian population will follow a rising graph helping the newer businessmen to enter the India Retail Industry. In India the vast middle class and its almost untapped retail industry are the key attractive forces for global retail giants wanting to enter into newer markets, which in turn will help 2
  • 3. the India Retail Industry to grow faster. Indian retail is expected to grow 25 per cent annually. Modern retail in India could be worth US$ 175-200 billion by 2016. The Food Retail Industry in India dominates the shopping basket. The Mobile phone Retail Industry in India is already a US$ 16.7 billion business, growing at over 20 per cent per year. The future of the India Retail Industry looks promising with the growing of the market, with the government policies becoming more favorable and the emerging technologies facilitating operations. 1.3 GROWTH OF RETAIL SECTOR IN INDIA:- Retail and real estate are the two booming sectors of India in the present times. And if industry experts are to be believed, the prospects of both the sectors are mutually dependent on each other. Retail, one of India largest industries, has presently emerged as one of the most dynamic and fast paced industries of our times with several players entering the market. Accounting for over 10 per cent of the country GDP and around eight per cent of the employment retailing in India is gradually inching its way toward becoming the next boom industry. 1.4 RECENT TRENDS:- Retailing in India is witnessing a huge revamping exercise as can be seen in the graph India is rated the fifth most attractive emerging retail market: a potential goldmine. Estimated to be US$ 200 billion, of which organized retailing (i.e. modern trade) makes up 3 percent or US$ 6.4 billion As per a report by KPMG the annual growth of department stores is estimated at 24% Ranked second in a Global Retail Development Index of 30 developing countries drawn up by AT Kearney. Multiple drivers leading to a consumption boom: o Favorable demographics o Growth in income o Increasing population of women o Raising aspirations: Value added goods sales Food and apparel retailing key drivers of growth Organized retailing in India has been largely an urban Phenomenon with affluent classes and growing number of double-income households. More successful in cities in the south and west of India. Reasons range from differences in consumer buying behavior to cost of real estate and taxation laws. 3
  • 4. Rural markets emerging as a huge opportunity for retailers reflected in the share of the rural market across most categories of consumption. IT is a tool that has been used by retailers ranging from Amazon.com to eBay to radically change buying behavior across the globe. 1.5 RETAIL SALES IN INDIA:- 4
  • 5. 1.6CONCLUSION:- The retail sector has played a phenomenal role throughout the world in increasing productivity of consumer goods and services. It is also the second largest industry in US in terms of numbers of employees and establishments. There is no denying the fact that most of the developed economies are very much relying on their retail sector as a locomotive of growth. The India Retail Industry is the largest among all the industries, accounting for over 10 per cent of the country GDP and around 8 per cent of the employment. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. But all of them have not yet tasted success because of the heavy initial investments that are required to break even with other companies and compete with them. The India Retail Industry is gradually inching its way towards becoming the next boom industry. 5
  • 6. CHAPTER - 2 COMPANY PROFILE 6
  • 7. 2. Company profile 2.1 Introduction:- Big Bazaar is a chain of shopping malls in India, owned by the Pantaloon Group and which work on Wal-Mart type economies of scale. They have had considerable success in many Indian cities and small towns. Big Bazaar provides quality items but at an affordable price. It is a very innovative idea and this hypermarket has almost anything under one roof….Apparel, Footwear, Toys, Household Appliances and more. The ambience and customer care adds on to the shopping experience. Is se sasta aur acha kahin nahin:- Big bazaar is the company’s foray into the world of hypermarket discount stores, the first of its kind in India. Price and the wide array of products are the USP’s in Big Bazaar. Close to two lakh products are available under one roof at prices lower by 2 to 60 per cent over the corresponding market prices. The high quality of service, good ambience, implicit guarantees and continuous discount programmers have helped in changing the face of the Indian retailing industry. A leading foreign broking house compared the rush at Big Bazaar to that of a local suburban train. 2.2 Products available in Big bazaar:- Apparel and Accessories for Men, Women and Children. Baby Accessories. Toys Luggage Cosmetics Home Textiles Linens Crockery Home Needs Sarees Dress Materials Suiting & Shirting Household Appliances Stationery Electrical Accessories Household Plastics Utensils & Utilities Electronics Hardware Footwear Home Decor 7
  • 8. CHAPTER - 3 LITERATURE REVIEW 8
  • 9. 3. LITERATURE REVIEW:- Sunil Kumar:- Objectives of the study:- 1. To find out the buying behavior of the customers coming in to Big Bazaar in surat 2. To determine the current status of Big Bazaar. 3. To find out the customers response towards Big Bazaar. 4. To study the satisfaction level of customers in different attributes of Big Bazaar. 5. To identify main competitors of Big Bazaar. Suggestion:- Big bazaar should include more of branded products its product category so as to attract the brand choosy people to come in to big bazaar. Big bazaar should provide large parking space for its customers so that they can easily park their vehicles. It should make different cash counters for different customers. Cash counter and credit card payment counter should be placed differently in order to reduce the rush and save the customer’s time. This will be a kind of motivator for the customers of big bazaar. 9
  • 10. Conclusion:- Big bazaar is a hypermarket as it provides various kinds of goods like apparels, grocery, stationary, food items, electronic items, leather items, watches, jewellery, crockery, decorative items, sport items, chocolates and many more. It competes with all the specialty stores of different products which provide goods at a discounted rate all through the year. It holds a large customer base and it seemed from the study that the customers are quite satisfied with big bazaar. As of now there are 34 big bazaars in different cities of India, it seems that there is a vast growth of big bazaar lying as customers demand is increasing for big bazaars. Big bazaar is a hypermarket store where varieties of products are being sold on different product category. It has emerged as a hub of shopping specially for middle class people. 10
  • 11. CHAPTER - 4 RESEARCH METHODOLOGY 11
  • 12. 4. Research methodology:- Technology, customers tastes and preferences play a vital role in today’s generation. Research Methodology is a set of various methods to be followed to find out various information’s regarding market strata of different products. Research Methodology is required in every industry for acquiring knowledge of their products. 4.1 Research objectives:- Primary objectives:- > To find out the buying behavior of the customers coming in to Big Bazaar in surat city. Secondary objectives:- > To determine the current status of Big Bazaar. > To find out the customers response towards Big Bazaar. > To study the satisfaction level of customers in different attributes of Big Bazaar. > To identify main competitors of Big Bazaar. 4.2 Research design:- Exploratory research 4.3 Sampling design:- Non-probability sampling – convenience sampling 4.4 Type of data to be used:- >primary data >secondary data 4.5 Data collection method:- Data is collected from various customers through personal interaction. Specific questionnaire is prepared for collecting data. Data is collected with 12
  • 13. mere interaction and formal discussion with different respondents. Some other relevant information collected through secondary data . 4.6 Sample size:- >100 customers 4.7 Research instrument:- >survey by questionnaire 13
  • 14. CHAPTER - 5 DATA ANALYSIS 14
  • 15. 5. DATA ANALYSIS:- Que-1:- How frequently do you visit big bazaar? Frequency Percent weekly 15 15 monthly 29 29 quarterly 14 14 on 42 42 unplanned basis Total 100 100 Frequency of visit 15% weekly 42% monthly quarterly 29% on unplanned basis 14% Interpretation: From the above graph it interpret that in big bazaar 29% customers visit monthly, 15% customer visit weekly 14% customers visit quarterly and 42% customers visit on planned basis , it means mostly customers visit on un planned basis for purchase their requirement. 15
  • 16. Que-2:-apart from big bazaar do you intend to visit any other retail outlet in a mall? Frequency Percent no 19 19 yes 81 81 Total 100 100 Visit other retail mall 19% no yes 81% Interpretation: From the above graph it interpret that 81% customers of big bazaar visit other retail stores for their requirements and 19% customers of big bazaar generally do not visit other retail stores. It shows that customer’s satisfaction level is not more in big bazaar. 16
  • 17. Que-2(a):- if yes then what are the other retail outlet do you intend to visit in a mall? Responses N Percent outlet 23 10.70% footwear outlet 35 16.30% food court 50 23.30% entertainment 29 13.50% gift corner 37 17.20% jwelleryandwattchstore 41 19.10% Total 215 100.00% Other retail frequencies 11% 19% outlet 16% footwearoutlet foodcourt entertainment 17% giftcorner jwelleryandwattchstore 23% 14% Interpretation: customer go at other retail outlet 11%for outlet,16% for footwear outlet, 23% for foodcourt,14% for entertainment, 17% for gift corner, 19% for jewelry and watches store. It shows that customer not more satisfy with food court. 17
  • 18. Que-3:-what is the purpose behind visiting big bazaar? Responses N Percent shopping 80 59.70% outing 19 14.20% others 35 26.10% Total 134 100.00% Purpose behind visiting 26% shoping outing others 60% 14% Interpretation: Out of the 100 respondents 60% of respondents visit big bazaar for shopping, 14% for outing and 26% visit big bazaar for other purposes. 18
  • 19. Que-4:- what type of products do you mostly purchase in big bazaar? Responses N Percent clothes 61 24.90% grocery 25 10.20% food item 66 26.90% letheritem 10 4.10% electronic 13 5.30% item gift item 35 14.30% anyotheritem 35 14.30% Total 245 100.00% product purchase 14% 25% clothes grocery 14% fooditem letheritem electronicitem 10% 6% giftitem 4% anyotheritem 27% Interpretation: The above graph shows that 25% of people visit garment outlet in a mall other than that of big bazaar. 27% of people also prefer to visit food court in a mall other than big bazaar. 4% of the people go to footwear outlet in a mall other than big bazaar. 19
  • 20. Que-5:- on an average how much amount of money do you spend in a visit to big bazaar? Frequency Percent <500 26 26 500- 31 31 100 1000- 20 20 1500 1500- 13 13 2000 >2000 10 10 Total 100 100 amount of money spend 10% 26% <500 13% 500-100 1000-1500 1500-2000 >2000 20% 31% Interpretation: We can clearly see from this graph that majority of the customers spend a lot in big bazaar that is 10% of people spend more than Rs2000 in a single visit to big bazaar. number of people that is 20% of people each spend Rs 1000-1500 and 13% peoples spend Rs 1500-2000 respectively in a visit to big bazaar.31% of people spend Rs 500-1000 and only 26% of customers are there who spends less than Rs500 in their visit to big bazaar. 20
  • 21. Que-6:- do you go with a planned list of products to be purchased from big bazaar? Frequency Percent yes 32 32 no 50 50 sometime 18 18 Total 100 100 planned list of product 18% 32% yes no sometime 50% Interpretation: As shown in the graph out of my total respondents of 100, 50% of customers come to big bazaar without a planned list of products. 32% of people come in to big bazaar with planned list of products to be purchased from big bazaar. And 18% of customer come in to big bazaar sometimes with planned list. 21
  • 22. Que-7:- what is your mode of payment in big bazaar? Frequency Percent cash 86 86 credit 11 11 card debit 3 3 card Total 100 100 mode of payment 3% 11% cah credit card debit card 86% Interpretation: As per my study is concerned, out of the total respondents 86% of people make cash payment in big bazaar. 11% of them uses credit card as their mode of payment and 3% of the people makes payment in big bazaar through their debit card. 22
  • 23. Que-8:- what encourages you to visit big bazaar? Responses N Percent price 37 23.90% service 56 36.10% product 34 21.90% variety product 28 18.10% quality Total 155 100.00% encourages 18% 24% price service productvariety 22% productquality 36% Interpretation: 36% customers also said that they feel good about the service and ambience provided by big bazaar. Product quality is rated at very low that is only 18% which encourages the customers to come to big bazaar. 23
  • 24. Que-9:- how is the parking space availability in big bazaar? Frequency Percent less then 11 11 adequate adequate 62 62 more 27 27 then adequate Total 100 100 parking space availability 11% 27% less then adequate adequate more then adequate 62% Interpretation: As it is shown in chart most of 62% the people say big bazaar does provide adequate parking space. 11% of people also say that less than adequate space is provided for parking big bazaar. 24
  • 25. Que-10:- give the rate of following parameters of big bazaar. price Frequency Percent strongly 26 26 agree agree 34 34 neutral 21 21 disagree 7 7 strongly 12 12 disagree Total 100 100 price 12% 26% 7% strongly agree agree nuteral 21% disagree strongly disagree 34% Interpretation: As per the above chart it can be conclude that 34% customers are agree with the price and only 7% customer disagree with price. 25
  • 26. service Frequency Percent strongly 15 15 agree agree 49 49 neutral 25 25 disagree 8 8 strongly 3 3 disagree Total 100 100 3% service 8% 15% strongly agree agree 25% nuteral disagree strongly disagree 49% Interpretation: from above chart it can be conclude that 49% customer are agree and only 3% customer are strongly disagree with the service of big bazaar. 26
  • 27. variety Frequency Percent strongly 26 26 agree agree 35 35 neutral 24 24 disagree 8 8 strongly 7 7 disagree Total 100 100 variety 7% 8% 26% strongly agree agree nuteral 24% disagree strongly disagree 35% Interpretation: from above chart it can be conclude that 35% customer are agree and only 7% customer are strongly disagree with the variety of product in big bazaar. 27
  • 28. quality Frequency Percent strongly 14 14 agree agree 30 30 neutral 25 25 disagree 23 23 strongly 8 8 disagree Total 100 100 quality of products 8% 14% strongly agree 23% agree nuteral 30% disagree strongly disagree 25% Interpretation: from above chart it can be conclude that 30% customer are agree and only 8% customer are strongly disagree with the variety of product in big bazaar. and 25% customer are neutral for variety of product. 28
  • 29. experience Frequency Percent strongly 20 20 agree agree 28 28 neutral 30 30 disagree 13 13 strongly 9 9 disagree Total 100 100 shopping experience 9% 20% 13% strongly agree agree nuteral disagree 28% strongly disagree 30% Interpretation: from above chart it can be conclude that 30% customer are neutral and only 9% customer are strongly disagree with the variety of product in big bazaar. and 28% customer are agree for shopping experience of product. 29
  • 30. convienance Frequency Percent strongly 13 13 agree agree 31 31 neutral 25 25 disagree 19 19 strongly 12 12 disagree Total 100 100 convienance 12% 13% strongly agree 19% agree nuteral 31% disagree strongly disagree 25% Interpretation: from above chart it can be conclude that 25% customer are neutral and only 12% customer are strongly disagree with the variety of product in big bazaar. And 31% customers are agree for of product. 30
  • 31. Findings 1. At present time Big Bazaar provide different types of product assortments to the customers. 2. Continuously opening of Big Bazaar chains in different major cities, increasing quantities of the customers & profit show that Big Bazaar most accepted name in organized retail chain in India. 3. Big Bazaar mainly deal with middle income group people who want qualitative product with reasonable cost. 4. Big bazaar has a good reputation of itself in the market. 5. Big bazaar has positioned itself in the market as a discounted store. 6. Big bazaar holds a huge customer base. The majority of customers belong to middle class family. 7. Impulse buying behavior of customers comes in to play most of the times in big bazaar. 8. There are more than 50 big bazaars in different cities of India, it seems that there is a vast growth of big bazaar lying as customers demand is increasing for big bazaars. 9. Big bazaar is a hypermarket as it provides various kinds of goods like apparels, grocery, stationary, food items, electronic items, leather items, watches, jewellery, crockery, decorative items, sport items, chocolates and many more. It competes with all the specialty stores of different products which provide goods at a discounted rate all through the year. 31
  • 32. Recommendation Big bazaar should include more of branded products its product category so as to attract the brand choosy people to come in to big bazaar. It should make different cash counters for different customers. Cash counter and credit card payment counter should be placed differently in order to reduce the rush and save the customer’s time. This will be a kind of motivator for the customers of big bazaar. The service of the sales person is needed to be improved. Personal care should be taken by the sales person for the customers so that the customers feel good. Customer care department is needed to take proper care of customer complaints and queries. The person sitting at the help desk of big bazaar should be able to provide all necessary information to the customers whenever it is required. The infrastructure is needed to be changed a bit during weekends as heavy crowd comes in to big bazaar during those days. 32
  • 33. Conclusion Big bazaar is a major shopping complex for today’s customers. It is a place where customers find variety of products at a reasonable price. Big bazaar has a good reputation of itself in the market. It has positioned itself in the market as a discounted store. It holds a huge customer base. The majority of customers belong to middle class family. The youth generation also likes shopping and moving around big bazaar. Volume sales always take place in big bazaar. Impulse buying behavior of customers comes in to play most of the times in big bazaar. Different types of products starting from a baby food to pizzas all are available under one roof. People not only visit big bazaar to do shopping but also visit for outing purpose as it provides a very nice ambience to its customers. As people go to malls they just tend to move around big bazaar whether it is for shopping purpose or for outing purpose. The major significance of big bazaar is that it providing enough parking spaces for its customers. Even though some customers say that they feel problem in parking their vehicle. 33
  • 34. Bibliography Books ► Kotler Philip, marketing management, (Pearson education, 12th edition) ► Malhotra K. Naresh, marketing research (An applied orientation), Research design, (Prentice hall of India pvt. 5th edition) ► Berman B and Evans J.R, Retail Management (Pearson education, 10th edition) ► Louden D.L. & bitta delia consumer behavior ( tata Mc. Graw hill, 4th edition ) ► Newman A.J. and Cullen P,Retailing,Environment and operations(Vikas,1st Ed.) Internet web page www.Bigbazaar.co.in Organizedretail.co.in Retail seminar. In Literature review on Big Bazaar.com Retailing.co.in 34
  • 35. Annexure “A Study on Buying Behavior of Customers in Big Bazaar in surat” Questionnaire Part-1 1. Name: - 2. Age: - 3. Gender: - 4. Address: - 5. Qualification: - 6. Profession: - 7. Ph. 8. What’s your monthly income? Below 10,000 20,000 – 40,000 40,000 – 60,000 More than 60,000 Part-2 1. How frequently do you visit big bazaar? Weekly monthly Quarterly on unplanned basis 2. Apart from big bazaar do you intend to visit any other retail outlet in a mall? Yes no 2. (A). If yes then what are the other retail outlets do you intend to visit in a mall? Outlet Footwear outlet Food court Entertainment Gift corner Jewelery and watches store 35
  • 36. 3. What is the purpose behind visiting big bazaar? Shopping Outing Others 4. What type of products do you mostly purchase in big bazaar? Cloths Grocery Food item Leather item Electronic item Gift item Any other item 5. On an average how much amount of money do you spend in a visit to big bazaar? Below 500 500 – 1000 1000 – 1500 1500 – 2000 More than 2000 6. Do you go with a planned list of products to be purchased from big bazaar? Yes no some time 7. What is your mode of payment in big bazaar? Cash payment credit card debit card 8. What encourages you to visit big bazaar? Price product variety Service product quality 9. How is the parking space availability in big bazaar? Less than adequate Adequate More than adequate 36
  • 37. 10. Give the rate of following parameters of big bazaar. parameters 1 2 3 4 5 Price Service Variety Quality Shopping experience Convenience 37