CH Swati Patro
CH Swati Patro
Submitted by:
Ch Swati Patro
REGISTRATION NO. 2006284008
Of
DECLARATION
I hereby declare that the Summer Internship project entitled “ONLINE RETAILING
CHALLENGES AND OPPERTUNITIES” submitted by me as a partial fulfilment for the
award of Masters of Business Administration (MBA) to Astha School Of
Management, BBSR is original and genuine work carried out by me.
Apart from my own efforts, the success of any project depends largely
on the encouragement and guidelines of many others. I take this
opportunity to express my gratitude to the people who have been
instrumental in the successful completion of this project.
I would thank the entire Management of Reliance Trends Limited for
giving me the wonderful opportunity to work on a 45 days internship
project in their esteemed organization.
I am highly obliged to Mr. Kishore Kumar Swain, Store Manager for
giving me this project and guiding me throughout my summer
internship research. His encouragement, time and effort motivated me
to work sincerely in this project.
I would also like to thank Prof. Sayad Isharul Hasnain, Assistant
Professor ASM, BBSR, for their kind cooperation and providing me
with the academic support.
I would like to thank my project faculty guide Prof. Sayad Isharul
Hasnain ASM, BBSR for his constant follow-up, support,
encouragement and guidance to complete this project within the
allotted time frame.
Place: Bhubaneswar Name: [Link] Patra
REGISTRATION NO. 2006284008
CONTENTS
Chapter No Title
1. Introduction
2. Company Profile
5. Research Methodology
6. Findings
7. Questinarie
Conclusion
8 uestionarie0
Bibilograohy
ee
.
INTRODUCTION
• The group activities span exploration and production of oil and gas,
petroleum refining and marketing, petrochemicals, textiles, retail, infotel and
special economic zones.
• Reliance enjoys global leadership in its business, being the largest polyster
yarn and fiber producer in the world and among the top five to ten producers
in the world in major petrochemical products.
Reliance in Retail:-
Business Division:-
1. Reliance Mart:
It is designed to be an all under one roof
supermarket that again caters to household needs.
2. Reliance Fresh:
It was the first amongst various format stores to be launched by
Reliance Retail Ltd. The ideology behind the initiative has been to bring “Farm to
fork” thereby removing middle men and benefitting both farmer and consumer. The
stores would typically be of an area of around 3,000-5,000 sq ft.
Each store is to provide fresh fruits, vegetables and also products of Reliance select and
other related groceries.
Reliance Super:
3. Reliance Digital:
It is a consumer electronics concept mega store. It is designed to be a
one stop shop for all technology solutions in the field of consumer
electronics, home appliances, information technology and
telecommunications.
• The stores are to cover an area of more than 15,000 sq ft and offer a variety of
over 4,000 products spread across 150 brands along
with solution bundles to meet diverse customer
needs. The staff will counsel and guide customers
not only to buy products but also provide complete
solutions to ensure consumers buy the right product
at the right price.
4. Reliance Footprint:
• It is a specialty footwear store that would offer over 25,000 pairs of formal,
casual, ethnic, party wear and sportswear in men, women and children
footwear. The store is to be spread over 7,500 square feet and be dedicated
to footwear, handbags and accessories.
5. Reliance Jewels:
• It is a stand-alone fine jewellery format. It is to be a one stop shopping
destination for the jewellery. Reliance Retail ventured
into gems and jewellery trade the aim of launching
300 stores all over India within a 3 year time frame.
With a growing demand for jewellery and lower
competition.
The gold jewellery range shall include Kolkata filigree, Rajkot minakari
jewellery, Kundan from jaipur, temple jewellery from Kerala, Jaadu from
Amritsar and more. In Diamond jewellery, Reliance Jewels will offer the
finest quality of diamonds and the widest range of daily wear, party wear
and wedding designs.
6. Reliance Trend:
• It is a specially apparel store that will sell men, women andchildren‟s
garments. The store will carry the best of national and international brands
like John players, Peter England, Indigo Nation, Wrangler, Rebook, and Lee,
apart from in-house brands.
Founded : 2007
Headquarters : Mumbai
with each store‟s area of more than 15,000 sq. Ft. Of shopping area,
and has been designed and furnished by the best of the international
design agencies to offer a high style and lavish experience to the
Indian consumer.
• Product quality has been ingrained into the DNA of Reliance Trend
and is integral to the mission of “Grahak Devo Bhava”. The
quality system are designed, implemented and monitored as per
international standards by a highly competent team of professionals.
• To deliver the customer the best value for their money. Only those
products that demonstrate an exemplary safety and quality meeting
both implicit and explicit needs of the consumer are approved for
purchase.
• Some of the quality standards that are being followed are American
Association of textiles, chemists and colourists.
American Standard, ISO and BIS methods.
• Sparsh range of Indian wear for women, offers the finest collection
of salwar kurtas, churidars and a fast evolving Mix and Match range
of garments. An exclusive label Panda has been developed for
toddlers, while the FRENDZ range of garments would complement
the wardrobes of the growing generation of boys and girls.
• Apart from this private label, the store is also offering some ofthe
most renowned brands in the country like Levis Strauss Signature,
Peter England, Indigo Nation, American Tourister, John Players etc.
Some designer labels either directly or through their sub brands
most of these exclusively for Reliance Trends.
• AVASA ASHMITA
• SIYAHI STYLE BY
PRAFUL
GO COLOURS
Product Profile
• NETPLAY
• NETWORK
• PURIZA
External Brand:
• London Bridge
• Vivaldi
• John Players
• Peter England
• Network
• Vimal
• Crimsoune Club
• Turtle
Men’s Casual:-
Private Brand:
• DNMX
• TEAMSPIRIT
• PERFORMAX
• GRAVITI
External Brand:
• PROLINE
• DUKE
• CLASSIC POLO
• TAANZ
• TWILLS
• FLYING MACHINE
• JOHN PLAYER
• LEE COOPER
• PARX
• KILLER
[Link]’s Wear:-
Private Brand:
• PERFORMAX
• TEAMSPIRIT
• RIO
• HUSS
• DNMX
• AVAASA(Indian Wear)
• FUSION
• GRAPHITE
External Brand:
• CRIMSOUNE CLUB
• FUSHION TADKA
• TAANZ
• SIN
• FLYING MACHINE
• MONTE CARLO
• LEE COOPER
• RECAP JEANS
• KRAUS
[Link]’S Wear:-
BOYS
Private Brand:
• TEAMSPIRIT
• FRENDZ
• DNMX
• POINTCOVE
GIRLS-
Private Brand:
• TEAMSPIRIT
• FRENDZ
SWOT ANALYSIS: -
STRENGTH:
Lower Price
Coupns, Voucher
Promotional Products
Good Quality
Value to money
Understanding the customer needIs
Implementation of the pint theory
Offer on national holiday like 15 august, 26 jan, 16 june.
Ultimate offer (offer for the whole year)
WEAKNESS:
Repeated Collections
Not Much Collecton Lack Of Awareness
OPPORTUNITIES:
THREATS:
• Be patient, look from the customer‟s point of view and work from
there. This point of view will always give you the best outlook on
the situation.
In order to stay competitive and remain profitable, businesses have to focus on the
quality of their customer service. Companies that invest time, energy and money
into developing and nurturing quality so customers can have a
satisfactory experience are going to be more profitable and better likely to
experience more sustained growth over the long-term.
Customer Care:
Customer Focus:
Communication:
BENEFITS:-
CRM helps to customize the products and thereby reducing the rate
ofcustomer defection.
Customer delight is when the standard of the goods and services are
much higher than the expectations of the customers; this not only
satisfies them but surprise and delights them.
Promotional Strategies:-
Product Promotion is one of the necessities for getting your brand in
front of the public and attracting new customers.
Promotional Objectives:
Promotional Budget:-
Promotional Mix:
Advertising:
The paid non personal presentation of ideas, goods, or services directed at a mass
audience by an identified sponsor by means of print and broadcast. Types of
Advertising-
Specialty items
Internet
Radio
Television
Outdoor advertising
Magazines
Newspapers
Publicity:
Personal Selling:
Displays
Premiums
Rebates
Samples
Sweepstakes and contests
1. Media Plan:-
Media plan involves communication through different media such as
• Print media
• social media
• Radio
• Cinema
• Outdoor communication.
Print Media:
Reliance trends is using the print media as one of its promotional activities,
Reliance spends lot of money in printing its advertisements in the most
major new dalies. The advertisement will be printed mostly on the weekends
(Friday, Saturday and Sundays) in
such a way that the advertisements
will grab the reader‟s attention and
making them to come into the
stores, which will not only
increase the football of the store
but also increase the revenue by
attracting the people to make a
purchase.
Social Media;-
With the ever increasing usage of internet in the country, most of the
population using the social networking sites such as Facebook,
twitter.
Reliance is having its own brand
pages and groups in the facebook
with the help of which
Reliance is doing some
campaigns in the social
networking sites for promoting
its brands, new offers and
creating brand awareness to the
people.
Radio:
Other than its own radio channel Reliance trends is using some other
radio channels for its promotions. In the radio channels like Radio
mirchi, big fm, radio city etc.
Cinema:-
Outdoor Communication:-
Trend stylish:-
The volunteers will find out the well dressed, good walking, good
looking person and
stylish person and
immediately will give
that person discount
voucher and announce
them as the Trends
Stylish by announcing them as Trends Stylish.
All the people who got the discount voucher will come back to the
stores to redeem the coupons.
Seasonal offers:-
The Reliance One Card (“the Card”) is issued by and remains the property of
Reliance Fresh Limited (“Reliance”).
7. Reliance will not be responsible for any loss of Points due to lossor
misuse of the Card.
8. Points cannot be encased
Legal issues. Getting to grips with e-commerce and the law can
be a challenge and you‟ll need to be aware of and plan to cope
with, the additional customer rights which are attached to online
sales. See the law and selling online.
OPPERTUNITIES FOR ONLINE RETAILING
The present business condition in india can possibly upgrade the development of
the online retail in india such as
As per google, india now have around 500 milion web clients which is relied upon
to achieve 1 bilion by 2025. Consistently there is an expected increament of 10
milion web clients consistently. E & Y & RAI(2014) one of the key components
added to the expansion in web clients is the spread of wide band network the
nation over. In 2013, the wide band availability is around 15.13 million.
Government is talking activities to build it by 214 million wide band associations
by 2014. This will improve the openness of web for ordinary citizens. Forrester's
Asia pacific retail predicts that online buyer population will reach 39 million by
2014 and 128 million by 2018 which can stimulate the growth of online retailing in
India.
India is one of the business sectors which is seeing development in advanced cell
clients. In 2013, there were 51 million advanced cell clients in India which is relied
upon to achieve 104 million by 2014. Be that as it may, this structures around 10
for each penny of the aggregate versatile clients at present. Forbes Online (2014)
The accessibility of modest advanced mobile phone can upgrade the development
rate in future. Access to 3G and 2G versatile information systems and accessibility
of shoddy PDAs can improve the client exchange International Journal of Pure and
Applied Mathematics Special Issue 621 utilizing mobiles. A large portion of the
online retailers are building up their versatile applications to upgrade the shopping
background. Amazon thought of their own 3D advanced cell "Fire telephone" to
improve the versatile shopping knowledge of their clients. On the off chance that
we look at the portable web clients we can watch expanding pattern as for versatile
web clients. As indicated by 2015 projection, out of 300 million web clients 200
million clients will get to web utilizing cell phones which can upgrade e-retailing
openings in India.
Increase in Transaction by Debit Cards, Credit Cards, Net and Mobile
Banking -
Retail electronic instalments was around INR 33.8 lakh crore in 2013 contrasted
and INR 50,000 crore in 2004. Master-card instalments has grown seven times
amid this period and achieved INR 1.2 lakh crore in 2013. On account of Debit
card exchange there was an expansion in 15 times which is valued-around INR
74,300 crore in 2013. On the off chance that we examine the pattern electronic
exchange has expanded amid 2013 which frames 57 % of keeping money
exchange contrasted and 43% of paper exchange. Tripathi, S (2013) There was an
expansion in enlisted web managing an account clients in India amid 2013 which
was around 35 % for open area banks 25 % for private part banks and 5% for
outside banks contrasted and 2012. Yet at the same time Internet managing an
account exchange frames 2-8% of aggregate saving money exchanges for every
single Indian bank. Portable managing an account is developing in India which
saw a development with 30 million clients in 2013 thought about 22.51 million
clients in 2012. From these patterns we can presume that Indian clients are step by
step changing regarding the way they do money related exchanges. Credit, Debit
cards and Net saving money can encourage speedy and advantageous exchange for
clients which can expand the development of eretailing in India. With the rise of
secure exchange techniques like two factor validation, One Time Passwords(OTP)
and instalment passages, customer's inclination to shop and do monetary
exchanges online has expanded. Alba, J.W and Hutchinson, J.W. (1987),This can
improve internet retailing due to upgraded security and effectiveness in doing the
exchange. A portion of the retailers are giving the office of money down choices
(COD) to clients the individuals who are suspicious about the safe exchanges in
online stages. This structures over 60% of the aggregate internet business exchange
in India. Banks and web based business destinations are making proactive strides
in improving on-line exchanges by tending to security and different issues
concerning on the web exchanges.
Despite the fact that India web based retailing has development prospects, there are
numerous difficulties for e-retailers in India advertise. It incorporates Logistics
Compelling coordinations assume a key part in deciding the operational
achievement of e-retailers. On the off chance that we take a gander at the India
International Journal of Pure and Applied Mathematics Special Issue 622 our
nation is vast and divided with poor foundation offices. So convenient conveyance
and other need administrations are the greatest difficulties for online retailers in
our nation. Also cost of coordinations in India is high because of absence of
framework. This has portion of the retail players like Flipkart and Amazon to
construct their own particular coordinations arms. Flipkart has e-kart coordinations
which takes look after their conveyance procedure. Prof. B. M. Hiremath Dr. C. R.
Gudasi.A portion of the online retailers are tied up with coordinations
organizations for satisfying client orders. One of the most serious issues looked by
strategic organizations is the restricted carrier feet size of calculated organizations.
We take a gander at the Indian situation we have restricted armada of cargo bearers
which can obstruct the need administrations like same day conveyance for clients.
One of the most serious issues India confronting is the moderate speed web
association which can influence the possibilities of online retail in long run. The
normal web speed is under 1 mbps which makes it one of the low positioned
countries in worldwide situation as for web speed. This can influence the
availability to shopping destinations and online exchanges which will thusly
decrease the client purchasing through online entrances.
Some of Indian online retailers need trust among the clients. Despite the fact that
we have trusted players like Flipkart, Myntra and Jabbong, different retailers were
not up to the stamp contrasted and different players. [Link], Inc. [Link]
section of remote online retailers like Amazon has constrained Indian players to
improve client faithfulness. Flipkart has begun an activity called Flipkart first
which gives same day conveyance, need client administrations, free shipments and
selective offers.
Indian clients want to touch and feel items before they buy. The greatest
difficulties looked by online retailers to beat this hindrance. Online retailers are
endeavoring to beat this boundary by including more details and data about items.
They additionally share client criticisms to upgrade the certainty of clients.
One of the real limitations looked by e-retailers is the mind boggling charge
administration in India. Non uniform VAT (Value included expense) are
demanded by various states. For some situation state governments charge VAT for
items sold within a state in which distribution centers are found. This has
influenced the cost for sourcing and conveying for items and administrations for
online retailers. Various point tax assessment, Octroi and section charges are other
significant disadvantages in India which can influence the possibilities of internet
retailing in India. It likewise constrained a portion of the retailers to open
distribution centers in various states to decrease the passage and different charges.
Online retailers taking a gander at execution of uniform Goods and Services charge
(GST) which can add operational accommodation to online retailers.
The above bar diagram represent the comparison of independent retail, organised
retail B and M and organised retail, e-retailing in the year 2014 and will be in the
year 2020.
Convenience
Time saving
Price/ product comparision
Cost effective
Direct connection with customer
Improved customer interaction
Flexible target marketing
WEAKNESS:
Security
Fake website
Long delivery time
Fraud
Limitation of products
Lack of personal service
More shipping cost
Limited exposure
OPPERTUNITIES:
Challenging trends
New technology
Global expansion
High availability
Wide business growth
Cut down on local competition
Advertising
THREATS:
Competitors
Change in environment regulation
Innovation
Privacy concerns
Risk
The general assessment of qualities, shortcomings, openings, and dangers is called SWOT
investigation. SWOT Analysis is utilized by an e - retailer in the examination of key arranging.
Dr. Prakash M. Herekar, e-Commerce in India The SWOT investigation assembles the
organization targets more practical. To comprehend future dangers it is fundamental to know
qualities and shortcomings, openings and dangers
The External Challenges are 1. Product and market strategy 2. Customer and digital
experience 3. Payments and transactions 4. Fulfillments.
The online retailing also has two types of challenges which can classified as A) Internal
challenges and B) External challenges.
The Internal Challenges are -1. Organization Scaling 2. Tax and regulatory structuring 3.
Risk,Fraud and cyber security 4. Compliance Of framework .
QUESTIONARIES
[Link]: S. Mishra AGE : 22
GENDER: Male OCCUPATION : Student
QUESTION
1. How frequently do you visit Ajio?
Daily Weekly
Monthly Yearly
Discount
Saving of time
Yes No
5. Are you agree with the punch line; Sirf Dekhne me Mehenga”?
Yes No
Yes No
Yes No
Yes No
Yes No
How often?
MonthlyQuarterlySeasonally Offers
Occasionally
Yes No
1. Are you got the clothes according to your need, size, and
colour?
Yes No
1. How many times you have visited the store since it was opened?
5. Are the customers satisfied with the product in all segments offered by
Reliance Trends?
Yes No
6. NAME : S. Samantray AGE : 27
GENDER : Male OCCUPATION : Mechanic
Yes No
5. On which occasion do you take extra care to dress smartly and which brand
do you keep reserved for this occasion?(1 Brand)
Festivals Parties Dates Discotheques
Birthday
Variety
Not satisfied with previous
brand
Current Fashion
Qualities of new brand
2. Which service do you like most?
Yes No
Yes b) No
Yes
b) No
d) monthly e) occasionally
d) spouse
2. Who accompanies you for the purchase?
d) alone
d) weddings
Conclusion
This chapter enables to understand the e-retail industry in India, also discusses
opportunities and challenges to e-retail, strategic analysis of e-retail such as SWOT
analysis, PEST analysis, Porter‟s five forces analysis and attractiveness of e-retail
industry. It focuses on opportunity factors to e-retail this study. Emphasises on the
drivers for growth in the Internet-habituated and aspirational consumer base.
Indian retail area is seeing dynamic changes throughout the years. With a
consistent development rate of 50-60% online retail can influence huge
commitment to retail to industry and economy of our nation. Be that as it may, to
exploit these development patterns we have to enhance our physical foundation,
approach structure and operational condition in our nation. Indian retail segment is
seeing dynamic changes throughout the years. With a consistent development rate
of 50-60% online retail can influence critical commitment to retail to industry and
economy of our nation. In current situation, e-Retailing or internet shopping has
progressed toward becoming an integral part of the general population in India.
The new influx of consumerism combined with urbanisation with outlook changes
in the statistic and psychographic flow have driven shoppers every now and again
to utilise retail site to scan for item data and make a buy of items. There are a few
things have been examined to consider when e-retailing begin, This present paper
makes an endeavour to: manages the difficulties happening in the e-retailing,
openings in Indian situation, the techniques that are being followed in exhibit
situation in retailing.
BIBILIOGRAPHY
[Link].
[Link]