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abhi16 · 3 years ago

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Frozen Food Products Sales and Marketing Agency in Pune

The Importance of Marketing Plan for Frozen Food SalesBranding and marketing are the two important pillars when it comes to business strategy and improving your sales. However, there is a vast difference between branding and marketing, as well as the actions for success for each. Branding relates to creating a company’s name, logo, and design that easily describe belonging to the company. It helps to identify the product and differentiate it from other products and services.Brand Improves RecognitionBrand Build TrustBrand Increases The Business ValueBrand Attracts New CustomersMarketing gets the word out about your business. It allows you to connect with potential customers and inform them of all the services you offer. Proper marketing and branding combined can boost your sales at an astounding pace and help you build a consistent client-base. Marketing Informs The ConsumerMarketing Sustains The Company ExistenceMarketing Engages More Customers and Sells More ProductsNot doing sales planning is like running your business on a wing and praying and hoping that the dart you threw blindfolded will hit the bullseye.There might be a chance you will get lucky and hit the bull’s eye but there is also a chance you’ll poke someone’s eye out.Planning Helps To Overcome The Unforeseen RisksPlanning Minimizes Your RiskPlanning sets Achievable Goals And MilestonesOur main tasks to cater to improving your sales, therefore involve Distribution Network Set-Up, Find Channel Partners, Appointing Distributors and Dealers and Find Sales Agents.We are a frozen food sales and marketing agency in Pune, and do sales pitching of your products for distribution to our interested sellers and give them appropriate marketing support to create demand. We are a one stop B2BMarketing and B2B distribution solution all over India. Our up to date marketing and branding strategies are top notch and cater to the present market and customer choices. Want our trusted services and offers to boost your frozen food sales, then continue reading about us.

About Pune

Pune is the 8th largest metropolis in India and the largest in Maharashtra. It is situated on the western side of Western Ghats and has a booming real estate market right now.

It has been ranked as "the most livable city in India" several times. It is one of the fastest growing economies in the world and the key sectors of the local economy are education, manufacturing and information technology. It has also emerged as the new hub for tech startups in India.

Pune has witnessed engineering and other crucial sectors making it their headquarters, transforming it into a major industrial centre. Considered as the greenest urban areas of the nation, Pune has more than 40% of its area covered by greenery that is slowly degrading because of the real estate boom in Pune.

How to Reach

By air- The nearest airport is in Lohegaon, 10 kms from the main city of Pune. It is accessible by buses, cars or cabs.

By rail- Pune Railway Station is one of the major and most important railway junctions in the country. It is connected to all major Indian cities.

By Road- Indian and state highways are all connected to Pune. NH-4 connects Pune, Bangalore, Mumbai and Kolhapur. NH-9 joins the city to Hyderabad and NH-50 to Nashik. There is also a high-speed expressway connecting Pune to Mumbai.

Top Places of Commercial Interest in Pune

The Market Yard in Pune is a well-known market and vegetables, fruits and flowers are sold here at wholesale rate. Other major marketplaces in the city are Tulsi Baug Market, Chhatrapati Sambhaji Nagar Market, Juna Bazaar or Old Market, Laxmi Road Market, Phule Market (Mahatma Phule Mandai), The Hong Kong Market Lane, Phoenix Market City, Viman Nagar, Inorbit Mall, Viman Nagar, SGS Kakde Mall, Amanora Town Centre, Hadapsar, Jewel Square, Koregaon Park.

India’s Frozen Food Market and Demand

The frozen food market in India is expected to continue its growth trajectory in the forecast period, and its market is expected to be US$ 3.1 Billion by 2026, from US$ 1.1 Billion in 2020.

In the previous years, only french fries and basic frozen vegetables were sold in India. But in the span of 5 to 10 years the frozen food industry in India has completely revolutionized. With the evolution of modern retail outlets like Food Bazaar, DMart, Spencers, and online grocery stores like Big Basket, Groffers frozen food industry in India is witnessing a positive growth. Although the consumption and supply of frozen food in India is still negligible in comparison to the world due to various reasons. These are a handful of existing players, the large population of India, higher-priced foods products, lower awareness among the consumers and challenges regarding infrastructure and logistics like shortage of cold storage are the present barriers to the growth of the frozen food market. A 180% increase in market is forecasted due to the fact that there has been a significant rise in the number of millennial and gen-Z consumers among the semi-urban and urban people. They are opting for improved awareness, convenience and acceptance of frozen food because it is quick and easily available. But the real challenge would be to maintain the price range of frozen food the same as normal products, for example fruits, vegetables and meat.

Several government schemes like Integrated Development of Horticulture (MIDH) and Pradhan Mantri Kisan Sampada Yojana (PMKSY) have provided financial support for building and enhancing new cold storage facilities in India. The advancement in cold chain infrastructure has further supported the supply and distribution of frozen food products in tier I cities. This has spurred growth in the country's frozen food market. The surging cases in this second wave of the coronavirus have made the whole country go into lockdown mode again. With most people working from home, shelves of frozen foods are clearing thick and fast these days. These items are available year-round regardless of the season.

COVID-19 greatly impacted the restaurant businesses, giving more momentum to frozen foods. The low-ingredient availability has left everyone shifting towards ready-to-cook meals and frozen food alternatives. Looking at the spike in frozen foods, Indian companies are capitalising on local delicacies that comprise organic ingredients.

Frozen food consists of frozen fruits, vegetables, fish & marine produce, meat, ready meals, bakery products, soups, and appetizers that provide domestic consumption and export opportunities. The surging number of Farmer Producer Organisations, solar-based refrigeration technologies, freezing and chilling facilities would boost the values of the farmers in India. When it comes to cuisine, India is known for its diversity. In order to satisfy the unique Indian palettes that require a different taste every now and then, companies have come up with more Indian variants like cutlets, samosas, parathas and kebabs, among others and there will never be a shortage of variety of food to freeze.

The key players of the India Frozen Food market are IFB Agro Industries Limited, McCain Foods (India) Private Limited, Godrej Tyson Foods Limited, Mother Dairy Fruit & Vegetable Private Limited, Tanvi Foods, Venky’s (India) Limited, ITC Limited, Innovative Foods Limited, West Coast Fine Foods Private Limited, Vadilal Industries Limited, Gadre Marine Export Private Limited, Al Kabeer Exports Private Limited and Darshan Foods Private Limited, among others.

Moreover, with the evolution of modern retail outlets like Food Bazaar, DMart, Spencers, and online grocery stores like Big Basket and Grofers, the frozen food industry in India is witnessing positive growth.

FRESH SNACKS AT HOME WITH A DELICIOUS RANGE OF FROZEN FOODS French FriesSoya ChaapFrozen ChapatiFrozen ParathaFrozen Baby CornFrozen IdliFrozen Chicken TikkaFrozen PotatoFrozen Aloo ParathaFrozen CutletFrozen Veg ParathaFrozen Cheese BallFrozen Chicken Seekh KababFrozen Sweet CornFrozen Spring RollFrozen Chicken Popcorn

Frozen Food Products Sales and Marketing Agency

As a frozen food products marketing and sales agency, we help to manufacture & market a broad assortment of indian frozen food acquired by local dealers that includes ready to heat and eat food items, ready to be fried food and snacks, frozen desserts and many more. Maintaining hygiene and safety protocols in accordance with modern food standards is of utmost importance to us. Our well installed facility and efficient team supports us to deliver products like frozen snacks food, that are of high quality, hygienic, nutritional and tasty.

Why waste hours of your precious time, when you can prepare hot and delicious snacks within a few minutes? Frozen snacks are the best way to enjoy yummy, piping hot snacks at home. Scrumptious snacks such as burgers, french fries, pizza or kebabs, can be prepared within a matter of minutes. Buy delectable frozen snacks from renowned brands such as Foods, Yummiez, Mc Cain, Alf- Farms, Zorabian, IFB, and Prasuma. Enjoy mouthwatering and new Yummiez products like Lassooni Chicken Tikka, Sausages, Cheese Fingers, Afghani Seekh Kabab, Veg Pizza Pocket and Veg Burger Patty. Besides Yummiez, you can choose from popular brands of frozen snacks India such as McCain Chicken Nuggets, IFB Cocktail Fish Fingers, Bombay Bites Pizza Samosa, Frozen Pizza India, McCain Potato Cheese Shots and much more. We sell various packaging options and also supply in bulk to institutions using modern technology.

Frozen Pastes

We are also a well-known supplier of pastes that are best for quick cooking in domestic & commercial kitchens. We have a variety of frozen pastes including garlic, ginger, onion, tamarind etc. Use of modern processing technology assures product hygiene, retaining food value and ensuring good shelf life.

Crushed Garlic Paste

Ginger Paste

Garlic Paste

Coriander Paste

Methi (Fenugreek)

Green Chilli Paste

Frozen Desserts

This category includes delicious Indian desserts that are completely natural, preservative free and economical too. An important part of an Indian festivals & celebrations is sweets and desserts, thus we offer frozen desserts in a variety of packaging to meet buyer’s requirements.

Mango Basundi

Anjeer Basundi

Strawberry Basundi

Sitafal Rabdi

Gajar Halwa

A few Strategies to Increase Sales:-

Contemporize brand engagement- The type of snacks consumers purchase often depends on their age and lifestyle preferences, for example millennials tend to consume assorted snacks throughout the day whereas older people consume very less frequently and tend to have a certain specific choice.

Incorporate local flavours and tastes- For your business to thrive in Pune, you need to cater to understand the taste buds of local people. Their preferences and choices have to be considered to boost your sales.

Promote bundling opportunities- Encourage your customers to try something new by promoting a bundle or two-for deal, and buy one-get one free deals.

Know about your inventory- Customers are loyal to your best selling products, so be aware of the top products’ inventory levels.

Watch upcoming trends- It is important to keep a watchful eye on upcoming trends for continued growth in the industry. Trends in the snack category show which ingredients must be premiumtized at what time.

We help our clients solve their Sales, Marketing and Distribution issues and boost their ready-to-eat and instant food sales.

We offer Sales and Marketing services to help frozen food dealers on how to improve sales. Not only that, we also work with other small businesses and are dedicated to solving their issues. Complete Marketing plan for frozen food is prepared to help sort out your doubts and issues. The quality of the products is well taken care of, following the latest international market standards. Everything from creating standards of excellence to training your people to work in more effective ways, introducing ground-breaking strategies, assessing how you’re doing, and helping you perform even better in future.

The Importance of Marketing Plan for Frozen Food Sales

Branding and marketing are the two important pillars when it comes to business strategy and improving your sales. However, there is a vast difference between branding and marketing, as well as the actions for success for each. Branding relates to creating a company’s name, logo, and design that easily describe belonging to the company. It helps to identify the product and differentiate it from other products and services.

Brand Improves Recognition

Brand Build Trust

Brand Increases The Business Value

Brand Attracts New Customers

Marketing gets the word out about your business. It allows you to connect with potential customers and inform them of all the services you offer. Proper marketing and branding combined can boost your sales at an astounding pace and help you build a consistent client-base.

Marketing Informs The Consumer

Marketing Sustains The Company Existence

Marketing Engages More Customers and Sells More Products

Not doing sales planning is like running your business on a wing and praying and hoping that the dart you threw blindfolded will hit the bullseye.There might be a chance you will get lucky and hit the bull’s eye but there is also a chance you’ll poke someone’s eye out.

Planning Helps To Overcome The Unforeseen Risks

Planning Minimizes Your Risk

Planning sets Achievable Goals And Milestones

Our main tasks to cater to improving your sales, therefore involve Distribution Network Set-Up, Find Channel Partners, Appointing Distributors and Dealers and Find Sales Agents.

#increase_sales #frozen food sales #marketing plan

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eromart · 5 years ago

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judefan828-blog · 4 years ago

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dizzedcom · 5 years ago

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India’s Jumbotail raises $12.7 million to digitize convenience stores with its wholesale marketplace

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The Series B financing round for the Bangalore-based startup was led by Heron Rock, with participation from Capria Fund,…

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dragnews · 7 years ago

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Walmart, With Billions to Spend, Seeks Flipkart E-Commerce Site in India

Still, Walmart missed out on China’s e-commerce boom, and it does not want to make the same mistake with India — especially with its rival Amazon already a strong player there. Only about 2 percent of India’s retail sales are online now, but tens of millions of Indians are getting onto the internet every year via cheap smartphones and rock-bottom mobile data prices.

Amazon has committed at least $5.5 billion so far to building its India presence, fighting to gain market share among the country’s young, increasingly tech-savvy shoppers. After starting an Indian site, Amazon.in, from scratch in 2013, Amazon blew past local players like Snapdeal and is now a close No. 2 to Flipkart in sales.

Walmart’s interest in India is the latest extension of the retailer’s battle with Amazon. Rooted for decades in its network of stores, Walmart has been trying to bolster its online offerings. In just the past few years, it has acquired the hip, largely online clothing brands Bonobos and ModCloth, started a higher-end mattress and bedding line sold exclusively online and expanded home grocery delivery to 100 American cities.

Based in Bangalore, Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. The two men, who are not related, worked briefly at Amazon’s back-office operations in India before deciding to form their own company.

Like Amazon, Flipkart initially started selling books online before expanding into a vast array of products. On its way to becoming India’s top online retailer, it successfully navigated problems such as customers’ preference for paying in cash and the country’s spotty roads and delivery networks.

While Walmart operates stores around the globe, India would be a relatively new frontier for the huge retailer. The company operates wholesale stores in India, but it has no public-facing retail or e-commerce presence.

Flipkart would be one of Walmart’s largest acquisitions since it acquired Asda, a large British grocery chain, in 1999. That deal would be valued at about $16 billion today, adjusted for inflation.

Continue reading the main story

Analysts point out that Walmart has made very few large acquisitions in its 56-year history and that some of those deals remain works in progress.

Walmart made a big splash in 2016 when it purchased the e-commerce site Jet.com for $3.3 billion. Jet, based in Hoboken, N.J., was supposed to be Walmart’s answer to Amazon’s appeal with higher-income, urban-dwelling millennials in the United States.

But there are signs that Walmart is still trying to fully integrate Jet into its larger e-commerce strategy. After reporting that its e-commerce sales growth had slowed in the fourth quarter, Walmart said it would focus on driving new customers through its main Walmart.com site, not through the Jet platform.

Acquiring Flipkart would give Walmart an instant leg up on Amazon in India, but it is still likely to face stiff competition from its primary rival. Amazon’s chief executive, Jeff Bezos, views India as his chance to make up for the company’s failure to establish a major presence in China, just like Walmart. That likely means the online giant will double down on its investment there now that Walmart has come onto the scene.

“I don’t think they should do it,” Scott Mushkin, a retail analyst at Wolfe Research, said of Walmart’s potential deal for Flipkart. “Amazon is like an A.T.M. machine. I wouldn’t want to be competing with Amazon in India.”

In addition to pouring billions into its Indian e-commerce site, Amazon is also investing in original content from Bollywood movie studios and has developed local versions of crucial products, such as its Prime video streaming and Echo voice-activated speakers.

Amazon’s assault was so intense that a couple of years ago, some analysts were predicting that Flipkart would be crushed. Complicating matters, Flipkart was racked by management turmoil.

But Tiger Global, one of Flipkart’s earliest and largest investors, pushed for the appointment of one of its own executives, Kalyan Krishnamurthy, as chief executive in January 2017. Mr. Krishnamurthy is credited with steadying the company and improving the customer experience.

SoftBank, a Japanese investment firm that has been making large bets in India over the last few years, also agreed to provide $2.5 billion in fresh capital last summer.

Continue reading the main story

Walmart would bring an even larger potential source of funding to Flipkart as it tries to keep growing.

“For the ecosystem, this is good,” said Satish Meena, a senior analyst in New Delhi for Forrester, a technology research firm. “There is more money and more expertise coming into the system. And customers will get more products at a lower price.”

The e-commerce market in India, which includes categories like travel, was about $38.5 billion last year, and it is expected to grow to $50 billion in 2018, according to a recent study by Deloitte and the Associated Chambers of Commerce and Industry of India.

“The whole game now is scale,” said Bill Dreher, a retail analyst at Susquehanna International Group.

Continue reading the main story

The post Walmart, With Billions to Spend, Seeks Flipkart E-Commerce Site in India appeared first on World The News.

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cleopatrarps · 7 years ago

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Walmart, With Billions to Spend, Seeks Flipkart E-Commerce Site in India

Flipkart would be one of Walmart’s largest acquisitions since it acquired Asda, a large British grocery chain, in 1999. That deal would be valued at about $16 billion today, adjusted for inflation.

Continue reading the main story

Analysts point out that Walmart has made very few large acquisitions in its 56-year history and that some of those deals remain works in progress.

Amazon’s assault was so intense that a couple of years ago, some analysts were predicting that Flipkart would be crushed. Complicating matters, Flipkart was racked by management turmoil.

SoftBank, a Japanese investment firm that has been making large bets in India over the last few years, also agreed to provide $2.5 billion in fresh capital last summer.

Continue reading the main story

Walmart would bring an even larger potential source of funding to Flipkart as it tries to keep growing.

“The whole game now is scale,” said Bill Dreher, a retail analyst at Susquehanna International Group.

Continue reading the main story

The post Walmart, With Billions to Spend, Seeks Flipkart E-Commerce Site in India appeared first on World The News.

from World The News https://ift.tt/2jbRMoo via News of World

#Daily World News #Daily Entertainment #Daily Sports #Today News #World The News

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usviraltrends-blog · 7 years ago

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New Post has been published on https://usviraltrends.com/the-us-retail-battle-comes-to-india/

The US retail battle comes to India

Amazon and Walmart’s latest battle could be a tug-of-war over India’s biggest online retailer.

The US companies are angling to buy a substantial stake in Flipkart, India’s most valuable startup, according to media reports. Both firms reportedly value Flipkart at $20 billion, about $8 billion higher than the most recent estimate from data firm CB Insights.

Rumors that Walmart (WMT) wants to invest in Flipkart have been making the rounds since 2016, but the saga appears to be nearing a conclusion: Reuters reported on Thursday that Walmart is just weeks away from reaching a deal to buy a majority stake.

Walmart declined to comment, while Flipkart did not respond to a request for comment.

Related: India’s Flipkart now has a $4 billion war chest to take on Amazon

Amazon (AMZN) could yet spoil the party. It has invested billions in India in a bid to challenge Flipkart in the world’s fastest growing major economy, and could swoop in with a last minute takeover bid.

It has reportedly offered up to $2 billion as a “breakup fee” — an insurance policy of sorts that Amazon would pay Flipkart if the US company backed out of takeover talks.

“We do not offer comments on rumors and speculations,” an Amazon India spokesperson told CNNMoney when asked about the company’s alleged overtures to Flipkart.

$200 billion market

So what makes the Bangalore-based company so attractive to America’s retail giants?

An explosion in smartphone adoption and internet access, coupled with rapid economic growth, could make India’s e-commerce market worth $200 billion by 2026, according to a report last year by Morgan Stanley.

Amazon CEO Jeff Bezos — currently the world’s richest man — has made his intentions clear, saying in 2016 that he saw “huge potential” in India. The company has rapidly expanded its Indian business, introducing its Prime video and music services as well as its annual Prime Day blockbuster sale.

“Amazon is looking to reduce costly competition [with Flipkart] so that it can focus on developing its business,” Siddharth Shekhar Singh, a marketing professor at the Indian School of Business in Hyderabad, told CNNMoney. “The rivalry has taken focus away from spending in other areas.”

Related: Why Japan’s answer to Amazon is building a mobile network

Walmart, meanwhile, has been trying to open brick-and-mortar stores in India for years but it has been thwarted by restrictive rules on foreign investment. Its presence is currently limited to 21 wholesale distribution outlets.

“Walmart … has lots of retail experience that can complement the e-commerce business,” said Sandy Shen, a research director at consulting firm Gartner. The US retailer is looking to get its foot in the door in a “strategic market for its global presence,” Shen added.

Battleground: Grocery deliveries

Flipkart is reported to be leaning towards Walmart, which — unlike Amazon — is not a direct competitor, and could help it take on the US tech giant. A key area of potential collaboration is grocery deliveries, which Amazon received Indian government approval to launch last year.

“Flipkart will also benefit by bringing its online business offline,” analysts at BMI Research wrote in a recent note. “Through Flipkart’s partnership with Walmart, the e-commerce firm will be able to add groceries to its product portfolio.”

Walmart and Amazon are already locked in a grocery battle in the United States, with Amazon’s recent acquisition of Whole Foods and Walmart’s plans to expand online grocery deliveries to 100 cities by the end of this year.

Related: Trump is hitting Amazon where it hurts

Singh, from the Indian School of Business, said that while Walmart could give Flipkart a lot of ammunition in its battle with Amazon, a deal between the two online retailers instead could avoid billions of dollars being wasted on a fight to the death.

“The marketplace model of both Amazon and Flipkart would likely allow only one major player to survive,” he said. “The situation is not healthy for either company, and they would continue to bleed.”

CNNMoney (New Delhi) First published April 13, 2018: 4:02 AM ET

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homestudyhelp365-blog · 8 years ago

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Write notes on any three of the following a) Functions of Retailers b) Wheel of Retailing c) Responsibilities of Merchandising Manager d) CRM e) Ethical Responsibilities of Retailer

Assignment Solutions, Case study Answer sheets

Project Report and Thesis contact

[email protected]

www.mbacasestudyanswers.com

ARAVIND – 09901366442 – 09902787224

Xaviers Institute of Business Management Studies

RETAIL MANAGEMENT

Maximum Marks: 100

Note : (i) Attempt any three questions from Section A. (ii) Section B is compulsory. (iii) All questions carry equal marks.

SECTION A

1. Define retailing. Discuss the scope and prospects of retail sector in the Indian context, describing the drivers of growth of retailing in the country.

2. (a) What are the stages of consumer decision making and their impact on retail strategies ? Explain with suitable examples.

(b) What makes location decisions in retailing strategic in nature? Discuss with suitable examples the factors necessary to consider before selecting a final site for any store.

3. (a) How important is the role of pricing in retail marketing mix ? Briefly discuss the various retail pricing approaches available to the retailer.

(b) What are loyalty programmes? What purpose do they serve in the overall retail business? Explain.

4. Briefly discuss the various types of non-store retailing currently in vogue. What are their limitations?

5. Write notes on any three of the following:

(a) Functions of Retailers (b) Wheel of Retailing (c) Responsibilities of Merchandising Manager (d) CRM (e) Ethical Responsibilities of Retailer

SECTION B

6. Read the case given below and answer the questions given at the end of the case.

Margin Free Market Private Ltd.

Subhiksha in Chennai, Margin free in Kerala, Bombay Bazaar in Mumbai, RPG'S Giant in Hyderabad, and Big Bazaar in Kolkata, Hyderabad, and Bangalore have one thing in common - they all price their products below MRP. Discount stores are slowly arriving in India and industry insiders feel they will spearhead a revolution in organized retailing. On the list of top retailers in the world, quite a few are discounters. Around 60% of the business abroad comes from this format. Incidentally, the largest retailer in the world, Wal-Mart, is a discount store.

Margin Free was registered as a co-operative society in 1993 in Kerala and entered the supermarket business in 1994. It is run by the Consumer Protection and Guidance Society, a charitable organization based in Thiruvananthapuram. Today, it has emerged as India's number one supermarket chain with 150 stores and a turnover of Rs. 450 crores. Margin Free purchases directly from manufacturers at ex-factory price and sells at lower prices than the MRP, as it eliminates the margin accrued in the traditional manufacturer-stockist-wholesaler-retailer network.

Margin Free takes extreme care while pricing the products through its entire stores. It has employed software which evaluates the price by minimizing profits. Every store is computerized and utilizes the software to determine the pricing. This helps in ensuring that the products are rationally priced.

Margin Free has found exceptional success in its scalable franchised model. It is now looking to upgrade to a central warehouse concept. which will help it manage growth further. The success of Subhiksha and Margin Free indicate that the discount war will hot up in the coming months but it will be the customer who will emerge as the final winner.

Margin Free also gets an average credit of 20-22 days from suppliers, which it sells, on an average in 10 days, thereby even earning a notional interest on its sales also. Its strategy has made it flush with funds, which can finance further expansion. Margin Free uses its customer base as a bargaining power to strike discount deals. Any dealer who wants to set up a Margin Free store has to buy at least rupees one lakh worth of share of the main Margin Free holding company. Margin Free has a consumer base of 6 lakhs and it sells them consumer cards at Rs. 40 per year Customers who buy using this card get discounts on bulk purchases and also on government subsidized products like Rs. 2 per kg rice.

The stores are now opting for a major expansion drive. A key part of this is the introduction of private labeling, which is the season's flavor in the retailing industry. For the purpose they have shortlisted 15 items - all generic labels like rice, sugar, etc. - and will add to the list in future.

Hence, they will be in a better position to provide quality stuff at considerably low prices within easy reach of an average middle-class family. For example, a packet of tea which sells for an MRP of Rs. 120 at one of the corporate retailers will be available for Rs. 90 at the Margin Free stores.

The chain is now planning to open huge Margin Free hyper markets, The first such hyper market, featuring an array of wares and spread over 50,000 square feet of well-laid out space, is planned to open at Ernakulum. The two other hyper markets would be opened in Thiruvananthapuram and Kozhikode.

If the success of retail activity is measured in the number of outlets, the existing 240-odd chain of franchisees must have already made Margin Free the largest 'pure retail chain' (as distinct from retailers who are manufacturers) in the private sector Even going by the number of footfalls, the Kerala-based retailer must have already beaten competition by a handsome margin.

The hyper markets will feature almost all conceivable retailing products under one roof - textiles, leather, cosmetics, provisions, electronic goods, consumer durables, grains; and grocery. As for ambience and class, they are most likely to resemble the Giant retailing chain operating out of Hyderabad and other cities.

The hyper market would not dabble in imported items - Chinese or otherwise - that are flooding the retail market right now. The cooperative society is in the process of mobilizing resources for the hyper market initiative. It plans to rope in outside investments over and above what the Consumer Protection and Guidance Society hopes to raise on its own.

The Society chose Ernakulum first because it happens to be the most commercialized city in the state Also, the comparable purchasing capacities are higher there. The nomenclature for the hyper market has a Margin Free prefix to it, seeking to build on the enormous trust that the discount chain has been able to build over a span of eight years of existence.

The management feels that the Margin Free retail chain has been able to earn the wholesale trust of consumers in a very short span. However, in its journey to success, the Margin Free stores have made life slightly uncomfortable for entrenched interests who have, on one hand, been fleecing consumers and on the other, resorting to indiscriminate under invoicing to avoid tax. The latter leads to loss of crores of rupees in realizable revenue for the state government.

Every month, Margin Free is opening up to 12 stores and the number has grown to 241 at last count. The chain has spread to literally all parts of Kerala. It has seven franchisees in neighboring Tamil Nadu already and two in Karnataka. The overall turnover has grown to Rs. 600 crore.

Questions :

(a) What has been the role of pricing strategy in the success of Margin Free Markets?

(b) What are the salient features of Margin Free Market pricing strategy ?

(c) Analyze the external and internal factors that have made it possible to sustain the present pricing strategy of Margin Free Market.

(d) Discuss the limitations of the existing pricing strategy of Margin Free Market. Suggest appropriate changes.

Assignment Solutions, Case study Answer sheets

Project Report and Thesis contact

[email protected]

www.mbacasestudyanswers.com

ARAVIND – 09901366442 – 09902787224

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un-enfant-immature · 4 years ago

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5-months-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace

Five-year-old Indonesian startup Ula that aims to help small retailers solve inefficiencies that they face in supply chain, inventory, and working capital, said today it has raised $10.5 million in a new financing round to grow its business in the Southeast Asian market.

The Seed round was led by Sequoia India and Lightspeed India. SMDV, Quona Capital, Saison Capital, Alter Global and a clutch of prominent angels including the whole founding team of Bangalore-headquartered business-to-business marketplace Udaan, participated in the round, Ula said.

The Jakarta-headquartered startup, which was launched in January this year, operates a wholesale e-commerce marketplace to help store owners stock only the inventory they need, and also grants them with working capital.

Ula today operates in Indonesia, where like other Asian markets, traditional retail still accounts for the vast majority of retail sales in the country. These shop owners, several run by families, know how to run their businesses in a cost efficient manner. But they struggle with accessing working capital and sourcing inventories.

“A grocery store might need to source inventory from up to 50 different sources (wholesalers/ distributors) every week and sometimes order in bulk to get better rates, even when they don’t need such large quantities,” said Derry Sakti, co-founder of Ula.

Ula, which is currently in private beta, uses data science to grant working capital credit to retailers, it said.

Abheek Anand, Managing Director at Sequoia Capital, said as more small and medium sized enterprises in Indonesia begin to adopt technology, platforms such as Ula could help them streamline their businesses.

“Ula has a highly experienced team bringing together the right mix of experience in local and global e-commerce, retail and fintech markets and we are excited to be early partners in this journey,” he said.

Without disclosing exact figures, Ula said its business has grown 10 times since launch with several customers returning to buy significantly more. Stores have purchased more in May amid the global pandemic than they did earlier this year, the startup claimed.

The startup plans to use the fresh capital to expand across Indonesia over the next year and service inventory in more categories including apparel and electronics.

“For us, the true measure of Ula’s success will be in how much we can improve our customers’ lives and businesses. Our collective vision is to revolutionize SMB trade using technology, helping increase their efficiency and providing them with tools to conduct their business seamlessly and more profitably” said Riky Tenggara, co-founder of Ula.

Tenggara was part of the early team at e-commerce giant Lazada, while Sakti oversaw consumer goods giant P&G’s operations in Indonesia. Ula’s other co-founders are Nipun Mehra, who helped build businesses and categories at Amazon and Flipkart and was part of the leadership team at the Indian payments firm Pine Labs; and Alan Wong, who helped build distributed systems in supply chain, catalog and search at Amazon.

#TechCrunch

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eromart · 5 years ago

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