customer relationship management on shoppers stop
DESCRIPTION
The uploaded presentation provides a detailed description Crm managemnet of shoppers stop.Shoppers Stop is one of the oldest retail store in india. The presentation is prepared by students of Xavier Institute Of Social Service Ranchi.TRANSCRIPT
Aman Manish(07)Aakash Bara (04)
Deepak Toppo(05)Sumit Sharma (17)
Saurabh Shagger(32)Amlaan Chatterjee (08)
Max Manish(18) Abhijeet John(11)
CUSTOMER RELATIONSHIP MANAGEMENT
Shoppers stop zeroed in retailing men’s wear in 1991.
Concept of a lifestyle store in a luxurious space.
In a span of 9 years annual turnover of 160 crores.
More than 60% of the customers who walked in were women.
This was when they decided to go ahead as a full fledged retail outlet for all apparel and lifestyle needs.
Shoppers stop executives stated training IMRB conducted a research to reveal
that majority of the customers came from the age group 21-25 years.
INTRODUCTION TO THE CASE
Traditionally retailing in India can be traced to The emergence of the neighborhood ‘Kirana’ stores
catering to the convenience of the consumers. The latter half of the 1990s saw a fresh wave of
entrants with a shift from Manufactures to Pure Retailers.
For e.g. Food World, Subhiksha and Nilgiris in food and FMCG; Planet M and Music World in music; Crossword and Fountainhead in books.
Emergence of hyper and super markets trying to provide customer with 3 V’s - Value, Variety and Volume
Expanding target consumer segment: The Sachet revolution - example of reaching to the bottom of the pyramid.
At year end of 2000 the size of the Indian organized retail industry was estimated at Rs. 13,000 crore
RETAIL OVERVIEW IN INDIA
The foundation of Shoppers' Stop was laid on October 27, 1991 by the K. Raheja group of companies
28 retail outlets across the country and is planning to spread its wings with futuristic expansion plans to meet the challenges of the retail industry
With a Gross Retail Turnover of Rs. 8996 million, Shopper's Stop has become the highest benchmark for the Indian Retail Industry.
Has progressed from a single brand shop to a Fashion & Lifestyle store for the families.
SHOPPERS STOP: INTRODUCTION
Is the country's largest chain of Department Stores.
International and domestic brands across categories such as apparel, accessories, cosmetics, home & kitchenware as also its own exclusive brands
HomeStop is the first-of-its-kind premium home concept store at Bengaluru, Mumbai and New Delhi, offering a wide range of products
SHOPPERS STOP: INTRODUCTION
Denim festival Customer Care association First Citizen Card Surprise Sale Valentine Sale
SHOPPERS STOP: PROMOTION
Loyalty programs are: Key drivers for enhancing customer experience. Active point of differentiation. Help pinpointing individual buying patterns and
predicting future customer behavior.
Objective:
Ensure stickiness by increasing rewards to customers on every purchase they make at the shop.
Eligibility:
Any customer who purchase goods worth a predetermined amount.
FIRST CITIZEN CLUB
Modalities: Earn points which can be redeemed against
their bill amount.
Three tiers with increasing value per point at each level.
Members are given special sale previews, birthday gifts & unique focused offer.
Results: Has generated a database of over 4 lakh members who contribute to nearly 50% of the total sales of Shoppers’ Stop.
FIRST CITIZEN CLUB
Avg spend per visit
Up to Rs.500
Rs. 501- 1000
Rs. 1001-2000
Rs. 2001- 3000
Rs.3001-4000
Rs. 4001-5000
Rs. 5001 above
Total
Up to 35- 1000
15 10 22 8 9 6 105
10001-2000
9 84 61 56 21 16 6 253
20001-25000
6 48 10 8 11 5 5 93
25001-30000
10 45 68 190 6 6 4 149
Total 60
192 149 96 46 36 21 600
BENEFITS AT A GLANCE
Benefits Classic moments Silver edge Golden glow
First citizen reward points(on net purchase)
One reward point for every purchase of Rs. 100
One reward point for every purchase of Rs. 50
One reward point for every purchase of Rs. 34
Extra Reward Points on preferred brands
- 1% 2%
Associate Card Yes ( Rs. 125) Yes( Up to Rs.125) Yes
Regular Updates Yes Yes Yes
Exclusive cash counters
Yes Yes Exclusive golden glow cash counters
Free Parking Yes Yes Yes-Reserve parking on a first come first served basis
Valet Parking Yes Yes Yes
Free First update - - Yes
Home Delivery of Alternatives
- - Yes
Out-store offers Yes Yes Yes
Exclusive Previews-Merchandise & Sale
Yes Yes
BENEFITS AT A GLANCE
Privileges of being a Shoppers Stop First Citizen
Earning Reward PointsPreferred Brands Reward PointsA few pointersRedeeming Reward PointsTracking your Reward PointsShoppers Stop First Citizen Desk56161-Shoppers Stop First Citizen First How to maintain or upgrade your
Shoppers Stop First Citizenship