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Retail Format Strategy


              Submitted by:
              Chandan Mishra
              Rajesh Kumar
              Shikha Gupta
Formats and approaches for Retailers

Size/Channel type   Formats


Small to medium     Mobile retailers, hawkers, convenience
                    (kirana, provisions and fancy) and specialty stores

Large               Supermarkets, departmental stores and hyper–
                    markets, manufacturer’s showroom

Co-operative        Co-operative stores and sahakari bhandars


Direct channel      Tele-marketing, internet marketing, in-home selling,
                    mail-order selling, vending machines
Objective and methodology of the study
Aim of the study:
•   Exploring awareness and preferences of farmers regarding
    rural retail outlets
•   Analyzing farmer satisfaction with respect to various services
    provided by them


Location: Punjab


Companies chosen for survey having rural retail outlet in the
   targeted location:
•   DCM Shriram Consolidated Ltd.
•   Godrej Agrovet
•   Tata Chemicals


Retail outlets selected at random were:
•   Hariyali Kisan Bazaar
•   Godrej Adhaars
•   Tata kKsan Sansars
• The sample of 60 buyers and 60 non buyers
  were selected randomly

• T test was applied to check significant
  difference between buyers and non buyers


Findings:

• T test: No significant difference in the views
  between buyers and non buyers

• Awareness: buyers and non buyers both were
  aware about the organized rural retail outlets
•   Retail preferences: Out of total only 39% had visited these outlets

          Rational for buying-Availability of better quality, technical service, veterinary
            service and home delivery

          Rational for not buying- Credit facility, lower prices and easy availability

•   Product/services purchased- Mostly consumers visited for agri inputs and technical
    knowledge. Around 20-25% of them purchased FMCGs.

•   Satisfaction (GAP between expectations and perceptions)




     Credit facility>field trials>water testing>soil testing>farmers
     meeting>veterinary services>technical knowledge
Q. Based on the findings of the study what in your view are the
                 areas that need improvement


• Discounts and offers

• Loyalty programs

• Field trials and demonstrations

• Delivery on call for loyal customers

• Customized service
Q. How do you increase awareness of the retail outlets and
                     customer satisfaction

Awareness:
       •   Trade fares
       •   Sponsoring sports such as cricket, hockey at district levels
       •   Regular farmer meetings
       •   By sponsoring sanitary solutions
       •   By hoardings, banners, pamphlet etc
Satisfaction:
       • Discounts and offers
       • After sales service
       • Offering convenience service
Retail format strategy

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Retail format strategy

  • 1. Retail Format Strategy Submitted by: Chandan Mishra Rajesh Kumar Shikha Gupta
  • 2. Formats and approaches for Retailers Size/Channel type Formats Small to medium Mobile retailers, hawkers, convenience (kirana, provisions and fancy) and specialty stores Large Supermarkets, departmental stores and hyper– markets, manufacturer’s showroom Co-operative Co-operative stores and sahakari bhandars Direct channel Tele-marketing, internet marketing, in-home selling, mail-order selling, vending machines
  • 3. Objective and methodology of the study Aim of the study: • Exploring awareness and preferences of farmers regarding rural retail outlets • Analyzing farmer satisfaction with respect to various services provided by them Location: Punjab Companies chosen for survey having rural retail outlet in the targeted location: • DCM Shriram Consolidated Ltd. • Godrej Agrovet • Tata Chemicals Retail outlets selected at random were: • Hariyali Kisan Bazaar • Godrej Adhaars • Tata kKsan Sansars
  • 4. • The sample of 60 buyers and 60 non buyers were selected randomly • T test was applied to check significant difference between buyers and non buyers Findings: • T test: No significant difference in the views between buyers and non buyers • Awareness: buyers and non buyers both were aware about the organized rural retail outlets
  • 5. Retail preferences: Out of total only 39% had visited these outlets Rational for buying-Availability of better quality, technical service, veterinary service and home delivery Rational for not buying- Credit facility, lower prices and easy availability • Product/services purchased- Mostly consumers visited for agri inputs and technical knowledge. Around 20-25% of them purchased FMCGs. • Satisfaction (GAP between expectations and perceptions) Credit facility>field trials>water testing>soil testing>farmers meeting>veterinary services>technical knowledge
  • 6. Q. Based on the findings of the study what in your view are the areas that need improvement • Discounts and offers • Loyalty programs • Field trials and demonstrations • Delivery on call for loyal customers • Customized service
  • 7.
  • 8. Q. How do you increase awareness of the retail outlets and customer satisfaction Awareness: • Trade fares • Sponsoring sports such as cricket, hockey at district levels • Regular farmer meetings • By sponsoring sanitary solutions • By hoardings, banners, pamphlet etc Satisfaction: • Discounts and offers • After sales service • Offering convenience service