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Presented by:
Sameer, Abhinandan, Shreya, Trishant, Rohit, Inamdar.

                                                 Page 1
Explore endless possibilities with
             Westside

                              Page 2
• Story began circa 1998 when
  TATA acquired LITTLEWOOD’S
  a London based retail chain
• Acquisition was followed by
  establishment of Trent Ltd.
• LITTLEWOODS was
  subsequently renamed
  WESTSIDE
• WESTSIDE has carved a niche
  for its brand of merchandise
  creating a loyal following
• Has garnered numerous          Page 3
Contd…
• The store sizes range between 15000-
  30000 sq. feet.

• Annual Sales for 2010 was Rs. 543 cr.

• With net profit of Rs. 40 cr.



                                      Page 4
Features


• Designed to be one-stop
  shop for complete family.

• Offers broad product variety.

• There is huge price band.

                                  Page 5
Westside as a “Brand”
• The name itself gives an upbeat feel.

• The stores are designed to convey this
  message.
                                          Page 6
Place strategy
• Chain of stores mainly functioning in
  malls.
• Stores mostly located very near its
  competitor.
• Products distributed from Mumbai
  headquarter.
• Stock replenishment done mainly on
  Fridays.


                                          Page 7
Place strategy Contd…

• Product availability mainly depends on the
  city of operations.
• Opening of exclusive store to women,
  keeping in mind that, women form the
  biggest and most loyal customer base for
  them.




                                       Page 8
Product Strategy

• Has about 7-8
  product category.

• Displays majorly in-
  house brand.

• Has tie-ups with
  other brands.

                         Page 9
Product Range-


•   Men’s Wear and Accessories.
•   Women’s Wear and accessories.
•   Kid’s Wear.
•   Crockery and Kitchen.
•   Daily Necessities.
•   Branded Jewellery
•   Gift items.
•   Furniture.
•   Footwear.
•   Interior decoration.
                                    Page 10
• To earn high profit margins on
  Private Labels Brand
• Grab the opportunities to stand out
  from the crowd
• International retailers using own
  label brands
• To control on quality of the product
• To offer unique valuable product to
  customers
                                         Page 11
Page 12
Page 13
Page 14
Product Positioning
• Positioned as value for
  money products- good
  quality , low prices
  ,contemporary and
  exclusive designs and
  wide variety
• Good store ambience –
  shelves not overloaded
• Focus on “ I-got-a quality-
  product-at-a-reasonable-
  price” feelings
                                Page 15
Division
  • Women Wear
    – Western formals, casuals and
      ethnic wear
    – Range had great depth
    – Designer clothing introduction
  • Kids wear
    – Sporty and international look
    – Catered to wide age group :
      infants to teens
    – For girls – Gypsy ,Sporty ,
      guns n roses line
    – For boys – skull and stud
      lines


                             Page 16
Cont.
• Mens Wear
   – Formals, casuals, ethnic ,sports wear, part wear
   – Latest styles
• Household
   – Towels, bathroom sets etc
   – Well coordinated, allowed mix n match
   – New introductions each week




                                                    Page 17
Cont.
• Gift Section
   – Diyas , terracotta pots ,urns
   – Range of furniture
• Utility
   – In wrought iron and rope : magazine racks , stools ,
     etc




                                                     Page 18
“ Fashion at affordable pricing ”

• Focus on 2 parameters – style and
  affordability
• Total advertising spend 8% of sales




                                        Page 19
Beyond Products

• Employees are trained on various aspects
  like:
  – Product Knowledge.
  – Workplace Ethics.
  – Communication Skills
  – Courteousness.




                                      Page 20
RETAIL OUTLETS
Strategy
 Westside decided to push its own brands to
  earn high margins as they had more control
  over the manufactures, quality and
  distribution.
 By selling the products under Westside
  brand, the company was able eliminate
  intermediaries and hence intermediaries
  commission was saved that leaded to higher
  profits.
Problems Faced
 Expensive real estate: To save costs on real
  estate, Westside decided to get shop-space
  on lease.
 Difficult task to find spacious locations in   Page 21
Contd.


Stocks
Each store on average stored 30,000
 SKU’s of different products.
Merchandise sourced from 250
 exporters from Delhi , Mumbai and
 Bangalore.
Centralized buying for all products
 except cosmetics and perfumes to      Page 22
Services and Store Atmosphere
 Pre-purchase services include accepting telephone & mail orders,
advertising, window & interior display, fitting rooms, fashion shows.

 It provides post purchase service including shipping & delivery, gift
wrapping, adjustments & returns, alteration & tailoring.

 It also provides ancillary services including general information ,
check cashing, parking, restaurants, repairs, interior decorating,
credit etc.




                                                               Page 23
Customer Services and
         Privileges                                             Well-designed interiors,
                                                                 Well-designed interiors,
                                                                sprawling space, prime
                                                                 sprawling space, prime
                                                                locations and coffee shops
                                                                 locations and coffee shops
                       Policy is to satisfy customers
                        Policy is to satisfy customers          enhance the customers’
                                                                 enhance the customers’
                       with the range, quality and
                        with the range, quality and             shopping experience.
                                                                 shopping experience.
                       value of the products . .
                        value of the products

If Customer is dissatisfied with any item they purchased, Westside
would take the necessary measures to assist them.
                                                  Westside have complete
                                                   Westside have complete
                                                  confidence in the quality of their
                                                   confidence in the quality of their
   In the event that customer do
    In the event that customer do                 merchandise however customers
                                                   merchandise however customers
   not have the receipt , ,then they
    not have the receipt then they                should have any grievances, they
                                                   should have any grievances, they
    would offer them an exchange
     would offer them an exchange                 would be happy to address them
                                                   would be happy to address them
   or provide them a gift voucher
    or provide them a gift voucher                once they are brought to our
                                                   once they are brought to our
   to the current or last known
    to the current or last known                  attention.
                                                   attention.
   selling price.
    selling price.

Customers can return unused merchandise along with its receipt within 30
days; They would exchange the returned items or give a complete refund.
                                                                              Page 24
“Shopper found dead in local
       store; cause of death –
              boredom”
                 Stanley Marcus, Chairman-Emeritus, Neiman Marcus
No other variable in the retailing mix influences the consumer’s initial
perceptions of a bricks & mortar retailer as much as the store itself.

The store is “where the action is” and includes such minor details as
                the placement of the merchandise.
                                                                    Page 25
Visual Merchandising
• The artistic display of merchandise and theatrical props used as
  scene-setting decoration in the store




                                                            Page 26
Store Front Design
• Storefronts must:
   – Clearly identify the name and general nature of the
     store
   – Give some hint as to the merchandise inside
   – Includes all exterior signage
   – In many cases includes store windows – an
     advertising medium for the store – window displays
     should be changed often, be fun/exciting, and reflect
     merchandise offered inside




                                                     Page 27
Page 28
Page 29
Lighting
• Important but often overlooked element in
  successful store design

  – Highlight merchandise

  – Capture a mood

  – Level of light can make a difference




                                              Page 30
Color
• Can influence behavior

  – Warm colors increase blood pressure, respiratory rate
    and other physiological responses – attract customers
    and gain attention but can also be distracting

  – Cool colors are relaxing, peaceful, calm and pleasant
    – effective for retailers selling anxiety-causing
    products



                                                   Page 31
Sound & Scent
• Sound
  – Music viewed as valuable marketing tool
  – Often customized to customer demographics
  – Can use volume and tempo for crowd control


• Scent
  – Smell has a large impact on our emotions
  – Victoria Secret, The Magic Kingdom, The Knot Shop
  – Can be administered through time release atomizers or via
    fragrance-soaked pellets placed on light fixtures


                                                      Page 32
Promotion Strategy




                     Page 33
PROMOTIONAL STRATEGIES

• Two parameters: style and
  affordability
• External communications through
  advertising
• Great shopping experience
• Based on theme like mix and
  match , live bands and other
  attractions
• By giving scratch and win cards
  during festive season
                                    Page 34
Page 35
Page 36
promotions and special offers through direct mailers.




                                                  Page 37
Page 38
Problems faced by Westside-

• Target customer base changed over time.
• Not much shelf-space is given to the
  International brands.
• Customer preferences are changing from
  in-house labels to international brands.
• Lesser media promotions.



                                      Page 39
Competitors
•   Pantaloons
•   Ruchi’s Big life
•   Maxx
•   Shoppers Stop
•   Globus
•   Big Bazaar
•   LifeStyle

                       Page 40
COMPETITIVE ANALYSIS
STORES            SHOPPPE LIFESTYL               WESTSIDE GLOBUS
                  RS STOP E
POSITIONING       EXCELLENT  TRENDY,             STYLE &      EXCELLENT
                  SHOPPING   YOUTHFUL &                       SHOPPING
                  EXPERIENCE VIBRANT             AFFORDABILIT EXPERIENCE
                             BRAND               Y




FORMAT            MULTI-        MULTI-           EXCLUSIVE      BRANDS AND
TYPE              BRANDS        BRANDS           TATA TREND     PRIVATE
                  {BRANDS &                      GROUP ONLY     LABELS
                  PVT LABELS}
PITCH             Shopping      Latest fashion   Affordable     LATEST
                  experience                     Style          FASHION AND
                                                                STYLE
Target Customer   Affluent      Affluent         Middle Class   Upper Class
                  Customers     Consumers
                                                                  Page 41
Thank You
            Page 42

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79564

  • 1. Presented by: Sameer, Abhinandan, Shreya, Trishant, Rohit, Inamdar. Page 1
  • 2. Explore endless possibilities with Westside Page 2
  • 3. • Story began circa 1998 when TATA acquired LITTLEWOOD’S a London based retail chain • Acquisition was followed by establishment of Trent Ltd. • LITTLEWOODS was subsequently renamed WESTSIDE • WESTSIDE has carved a niche for its brand of merchandise creating a loyal following • Has garnered numerous Page 3
  • 4. Contd… • The store sizes range between 15000- 30000 sq. feet. • Annual Sales for 2010 was Rs. 543 cr. • With net profit of Rs. 40 cr. Page 4
  • 5. Features • Designed to be one-stop shop for complete family. • Offers broad product variety. • There is huge price band. Page 5
  • 6. Westside as a “Brand” • The name itself gives an upbeat feel. • The stores are designed to convey this message. Page 6
  • 7. Place strategy • Chain of stores mainly functioning in malls. • Stores mostly located very near its competitor. • Products distributed from Mumbai headquarter. • Stock replenishment done mainly on Fridays. Page 7
  • 8. Place strategy Contd… • Product availability mainly depends on the city of operations. • Opening of exclusive store to women, keeping in mind that, women form the biggest and most loyal customer base for them. Page 8
  • 9. Product Strategy • Has about 7-8 product category. • Displays majorly in- house brand. • Has tie-ups with other brands. Page 9
  • 10. Product Range- • Men’s Wear and Accessories. • Women’s Wear and accessories. • Kid’s Wear. • Crockery and Kitchen. • Daily Necessities. • Branded Jewellery • Gift items. • Furniture. • Footwear. • Interior decoration. Page 10
  • 11. • To earn high profit margins on Private Labels Brand • Grab the opportunities to stand out from the crowd • International retailers using own label brands • To control on quality of the product • To offer unique valuable product to customers Page 11
  • 15. Product Positioning • Positioned as value for money products- good quality , low prices ,contemporary and exclusive designs and wide variety • Good store ambience – shelves not overloaded • Focus on “ I-got-a quality- product-at-a-reasonable- price” feelings Page 15
  • 16. Division • Women Wear – Western formals, casuals and ethnic wear – Range had great depth – Designer clothing introduction • Kids wear – Sporty and international look – Catered to wide age group : infants to teens – For girls – Gypsy ,Sporty , guns n roses line – For boys – skull and stud lines Page 16
  • 17. Cont. • Mens Wear – Formals, casuals, ethnic ,sports wear, part wear – Latest styles • Household – Towels, bathroom sets etc – Well coordinated, allowed mix n match – New introductions each week Page 17
  • 18. Cont. • Gift Section – Diyas , terracotta pots ,urns – Range of furniture • Utility – In wrought iron and rope : magazine racks , stools , etc Page 18
  • 19. “ Fashion at affordable pricing ” • Focus on 2 parameters – style and affordability • Total advertising spend 8% of sales Page 19
  • 20. Beyond Products • Employees are trained on various aspects like: – Product Knowledge. – Workplace Ethics. – Communication Skills – Courteousness. Page 20
  • 21. RETAIL OUTLETS Strategy  Westside decided to push its own brands to earn high margins as they had more control over the manufactures, quality and distribution.  By selling the products under Westside brand, the company was able eliminate intermediaries and hence intermediaries commission was saved that leaded to higher profits. Problems Faced  Expensive real estate: To save costs on real estate, Westside decided to get shop-space on lease.  Difficult task to find spacious locations in Page 21
  • 22. Contd. Stocks Each store on average stored 30,000 SKU’s of different products. Merchandise sourced from 250 exporters from Delhi , Mumbai and Bangalore. Centralized buying for all products except cosmetics and perfumes to Page 22
  • 23. Services and Store Atmosphere Pre-purchase services include accepting telephone & mail orders, advertising, window & interior display, fitting rooms, fashion shows. It provides post purchase service including shipping & delivery, gift wrapping, adjustments & returns, alteration & tailoring. It also provides ancillary services including general information , check cashing, parking, restaurants, repairs, interior decorating, credit etc. Page 23
  • 24. Customer Services and Privileges Well-designed interiors, Well-designed interiors, sprawling space, prime sprawling space, prime locations and coffee shops locations and coffee shops Policy is to satisfy customers Policy is to satisfy customers enhance the customers’ enhance the customers’ with the range, quality and with the range, quality and shopping experience. shopping experience. value of the products . . value of the products If Customer is dissatisfied with any item they purchased, Westside would take the necessary measures to assist them. Westside have complete Westside have complete confidence in the quality of their confidence in the quality of their In the event that customer do In the event that customer do merchandise however customers merchandise however customers not have the receipt , ,then they not have the receipt then they should have any grievances, they should have any grievances, they would offer them an exchange would offer them an exchange would be happy to address them would be happy to address them or provide them a gift voucher or provide them a gift voucher once they are brought to our once they are brought to our to the current or last known to the current or last known attention. attention. selling price. selling price. Customers can return unused merchandise along with its receipt within 30 days; They would exchange the returned items or give a complete refund. Page 24
  • 25. “Shopper found dead in local store; cause of death – boredom” Stanley Marcus, Chairman-Emeritus, Neiman Marcus No other variable in the retailing mix influences the consumer’s initial perceptions of a bricks & mortar retailer as much as the store itself. The store is “where the action is” and includes such minor details as the placement of the merchandise. Page 25
  • 26. Visual Merchandising • The artistic display of merchandise and theatrical props used as scene-setting decoration in the store Page 26
  • 27. Store Front Design • Storefronts must: – Clearly identify the name and general nature of the store – Give some hint as to the merchandise inside – Includes all exterior signage – In many cases includes store windows – an advertising medium for the store – window displays should be changed often, be fun/exciting, and reflect merchandise offered inside Page 27
  • 30. Lighting • Important but often overlooked element in successful store design – Highlight merchandise – Capture a mood – Level of light can make a difference Page 30
  • 31. Color • Can influence behavior – Warm colors increase blood pressure, respiratory rate and other physiological responses – attract customers and gain attention but can also be distracting – Cool colors are relaxing, peaceful, calm and pleasant – effective for retailers selling anxiety-causing products Page 31
  • 32. Sound & Scent • Sound – Music viewed as valuable marketing tool – Often customized to customer demographics – Can use volume and tempo for crowd control • Scent – Smell has a large impact on our emotions – Victoria Secret, The Magic Kingdom, The Knot Shop – Can be administered through time release atomizers or via fragrance-soaked pellets placed on light fixtures Page 32
  • 34. PROMOTIONAL STRATEGIES • Two parameters: style and affordability • External communications through advertising • Great shopping experience • Based on theme like mix and match , live bands and other attractions • By giving scratch and win cards during festive season Page 34
  • 37. promotions and special offers through direct mailers. Page 37
  • 39. Problems faced by Westside- • Target customer base changed over time. • Not much shelf-space is given to the International brands. • Customer preferences are changing from in-house labels to international brands. • Lesser media promotions. Page 39
  • 40. Competitors • Pantaloons • Ruchi’s Big life • Maxx • Shoppers Stop • Globus • Big Bazaar • LifeStyle Page 40
  • 41. COMPETITIVE ANALYSIS STORES SHOPPPE LIFESTYL WESTSIDE GLOBUS RS STOP E POSITIONING EXCELLENT TRENDY, STYLE & EXCELLENT SHOPPING YOUTHFUL & SHOPPING EXPERIENCE VIBRANT AFFORDABILIT EXPERIENCE BRAND Y FORMAT MULTI- MULTI- EXCLUSIVE BRANDS AND TYPE BRANDS BRANDS TATA TREND PRIVATE {BRANDS & GROUP ONLY LABELS PVT LABELS} PITCH Shopping Latest fashion Affordable LATEST experience Style FASHION AND STYLE Target Customer Affluent Affluent Middle Class Upper Class Customers Consumers Page 41
  • 42. Thank You Page 42