intercontinental journal of marketing … · provides an idea about the benchmarking of a store and...
TRANSCRIPT
www.icm
rr.or
g
16
Volume 1, Issue 8 (October, 2013)
INTERCONTINENTAL JOURNAL OF MARKETING RESEARCH REVIEW
Pee
r R
evie
wed
Jo
urn
al o
f In
ter-
Co
nti
nen
tal M
anag
emen
t R
esea
rch
Co
nso
rtiu
m
htt
p:/
/ww
w.ic
mrr
.org
A STUDY ON COMPETITION BENCHMARKING OF SPORTS SECTION
IN JUBILANT RETAIL, TOTAL SUPERSTORE, BANGALORE
*C.P MOHAMMED FAHIM **Dr. L. SURESH MALLYA
*Final year PGDM, SCMS Cochin School of Business, Cochin
**Professor, SCMS Cochin School of Business, Cochin
ABSTRACT
This study is about the competition benchmarking of sports section in Total Superstore. The report
provides an idea about the benchmarking of a store and also about the major players of sports goods in
hyper format in Bangalore. The study also benchmarks the sports section of Total Superstore with its
immediate competitors. The research helps to find and sort out the gap in sport section of the store in
comparison to others; thereby it helps to enhance the sports section of the store and to be the best in the
market. For benchmarking, data from competitors was collected through observation and direct interviews
with sales persons. A structured questionnaire was also constructed to find out customer satisfaction of
sports section in Total superstore. The primary data was collected through observation, questionnaire and
direct interviews. Secondary data was collected from websites and company reports.The study finds that
Total superstore is one of major players in sports goods in terms of the assortment. Customers find the
product price of sports goods cheaper in Total Superstore than other stores. In most of the hypermarket
brand presence in sports section was found less. A new assortment has to be made by sorting out the gaps
in the sports section in order to be the best in the market. Tie ups with some of the brands will be useful to
enhance the feel of the sports section. Branded products have to be included in new assortment.
Marketing in local games and sports fest can attract many sports customers. Findings were substantially
based on information given by the respondents and data collected through observation. However
subjective bias cannot be completely ruled out.
Jubilant Retail
Jubilant Retail is a Bangalore-based retail chain running state-of-the-art hypermarkets and malls. The
company has a significant presence in the Retail segment through five hypermarkets and malls in
Bangalore where it is the second largest chain in the city offering value for money to the customer. The
hypermarkets branded as 'Total' are designed on the lines of international shopping malls. The group's
focus on innovation is also reflected in this segment where its strategy of 'farm to fork' has led them closer
to the farmers who gets better price for their produce through cash and carry system and also results in the
company offering fresh - farm good quality products at an affordable price to the customers.
Objectives of the Research
To identify the major factors in benchmarking the sports section of the Total superstore.
To study the competitors in terms of the major factors identified for benchmarking the sports
section.
To benchmark sports section in order to achieve competitive advantage over the competitors.
To analyse the customer satisfaction of the sports section in Total Superstore.
Scope of the Study
ISSN:2321-0346-Online ISSN:2347-1670-Print
www.icm
rr.or
g
17
Volume 1, Issue 8 (October, 2013)
INTERCONTINENTAL JOURNAL OF MARKETING RESEARCH REVIEW
Pee
r R
evie
wed
Jo
urn
al o
f In
ter-
Co
nti
nen
tal M
anag
emen
t R
esea
rch
Co
nso
rtiu
m
htt
p:/
/ww
w.ic
mrr
.org
The study was conducted for the duration of three months at Jubilant Retail, Total Superstore. The project
provides an idea about the benchmarking process of a store. The findings of the project help to benchmark
the quality of the services and products in sports section of Total Superstore with their immediate
competitors. The project helps to find and sort out the gap in sport section of the store in comparison to
the other market players thereby it helps to enhance the sports section of the store and to be the best in the
market.
Type of Research
Descriptive research is done in this study. Descriptive research attempts to describe systematically a
situation, problem, phenomenon, service or program, or provides information about, say, living condition
of a community, or describes attitudes towards an issue.
Research Tools
Observation, Interview and Questionnaire survey methods were adopted for completing the data
collection in this research. The questionnaire was chosen as it provides a more comprehensive view than
any other research tool. A typical five level Likert Scale is also used to mark the responses.
Questionnaires were constructed based on the following types- Open ended questions as well as Close
ended questions.
Sampling Plan
Sample: The sample frame is sports market of Bangalore and customers of sports goods in Total
Superstore.
Sample Size: Four competitors of Total Superstore and hundred customers of sports goods in Total
Superstore, chosen by random sampling method.
Data Collection
Primary Data: Data of competitors were collected by observation and personal interview with sales
persons and satisfaction of customer was found out by direct interaction with the customers with the help
of questionnaire.
Secondary Data: The secondary data have been compiled from the internal and external sources. The
internal source includes the information from the company reports, journals etc. Besides this, a number
of discussions were held with the authorities concerned. The external data are from the websites and
literature on competition benchmarking of a store.
Data Analysis
The primary data and secondary data were analysed using observation, interview and graphical
presentation.
Statistical tools used: Tables, frequency charts and pie charts have been used to analyse the data.
Microsoft Excel was mainly used for analysis.
ISSN:2321-0346-Online ISSN:2347-1670-Print
www.icm
rr.or
g
18
Volume 1, Issue 8 (October, 2013)
INTERCONTINENTAL JOURNAL OF MARKETING RESEARCH REVIEW
Pee
r R
evie
wed
Jo
urn
al o
f In
ter-
Co
nti
nen
tal M
anag
emen
t R
esea
rch
Co
nso
rtiu
m
htt
p:/
/ww
w.ic
mrr
.org
Limitations of the Study
Accuracy of this report is restricted and limited by the degree of authenticity of data collected and
sincerity and honesty of respondents.
The study was conducted with a limited number of samples.
The findings were substantially based on information given by the respondents and in many cases,
subjective bias cannot be completely ruled out.
Findings
Benchmarking with competitors
From the competitors’ data which were collected through observation and personal interview with the
sales persons, the Total Superstore can be considered as one of the major players in hyper format in sports
goods business in Bangalore. From the study conducted the following findings are made.
As the study was focused only on hypermarket, most of the hypermarkets kept only basic
products in sports section with more focus on cricket section.
Sports section in hypermarkets focus more on middle class range products.
In most of the hypermarkets the brand presence in sports section was found low.
Hyper city and More are considered as the major competitors for Total Superstore in sports
section.
Total Superstore is a major player in hyper format in sports section in terms of assortment.
Big bazaar and Auchan have very less assortment in sports section.
Display and layout of sports section in Hypercity can be considered as one of the best in the
market.
Customer satisfaction of sports section
The satisfaction of customer of sports section was found out through questionnaire and personal
interviews. Some of the interesting findings were:
Customers find the product price in sports section cheaper in Total Superstore than the other
stores.
Most of the customers find it easy to reach the product with the help of signage boards and most
of them find offer board helpful in their purchase.
The product availability has to be increased in sports section of Total Superstore as less number
of customers find their desired products.
Majority of the customers rate the behaviour as satisfactory which has to be improved.
Suggestions and recommendations
After conducting competitor survey and customer satisfaction survey in sports section of Total
Superstore, following suggestions and recommendations are made:
New assortment in sports section has to be made with more number of SKUs and wide range of
products.
ISSN:2321-0346-Online ISSN:2347-1670-Print
www.icm
rr.or
g
19
Volume 1, Issue 8 (October, 2013)
INTERCONTINENTAL JOURNAL OF MARKETING RESEARCH REVIEW
Pee
r R
evie
wed
Jo
urn
al o
f In
ter-
Co
nti
nen
tal M
anag
emen
t R
esea
rch
Co
nso
rtiu
m
htt
p:/
/ww
w.ic
mrr
.org
More branded products have to be included in the sports section. Products from brands like Nivia
and Yonex can be introduced more.
Good tie ups with well known sports suppliers could enhance the sports category.
The display and layout of sports have to be improved in order to enhance the aesthetics and feel
of the sports section.
Branding of different brands in sports section will help to improve the look and feel of the
section.
Marketing has to be more aggressive for the sports section in order to compete with local players.
Marketing in some local sports and games fest will be a good idea to attract more sports lovers to
the store.
Wide range of sub categories can be added to make the store a sports destination.
Conclusion
From the study of competitors of Total Superstore in sports section, Hypercity and More Mega store can
be considered as the major competitors in sports section. Total Superstore is also a major player in sports
section in Bangalore. The local kirana sports shops pose major competition to the hyper markets. As a
department store Total Superstore has a good range of products in sports section. The display and layout
of sports section has to be improved in order to enhance the category.
Total Superstore has a competitive pricing of sports products. More brand and quality products have to be
introduced into the sports section. Total Superstore has to allocate trained sales persons to the sports
section.
Total Superstore can become the leader in the sports section in hyper format by including more range and
variety of products as they have a large customer base in Bangalore. The location of Total Superstores is
also a major advantage.
Bibliography
Books
Kothari, C. R.. Research Methodology: Methods and Techniques. New Delhi: New Age International,
2008.
Kotler, Philip. Marketing Management. India: Pearson Education, Dorling Kindersley Pvt. Ltd., 2007.
Saxena, Rajan. Marketing Management. New Delhi: Tata McGraw –Hill, 2009.
Websites
Decathlon sets off with 100 fdi in sports retail. (n.d.). Retrieved from Forbes india:
:http://forbesindia.com/blog/business-strategy/ decathalon-sets-off-with-100-fdi-in-sports-
retail/#ixzz2fkGJkyzi Indian sports industry. (n.d.). Retrieved from bharathividyapeeth:
http://akfdc.bharatividyapeeth.edu/About/Indian-Sports-Industry/default.aspx
KIT:sports goods market in india. (2013, march 28). Retrieved from Business standards:
http://www.business-standard.com/article/management/kit-the-sports-goods-market-in-india-
111032800074_1.html
Mukherjee, A., goswami, R, & Goyal, T. M. (N.D.). Sports retailing in india: oppportunities,constraints
and way forward. Retrieved from eaber: http://www.eaber.org/node/23032
ISSN:2321-0346-Online ISSN:2347-1670-Print
www.icm
rr.or
g
20
Volume 1, Issue 8 (October, 2013)
INTERCONTINENTAL JOURNAL OF MARKETING RESEARCH REVIEW
Pee
r R
evie
wed
Jo
urn
al o
f In
ter-
Co
nti
nen
tal M
anag
emen
t R
esea
rch
Co
nso
rtiu
m
htt
p:/
/ww
w.ic
mrr
.org
Appendix
Questionnaire
Name:
Age:
Place:
1. Is the price of products in the sports section cheaper in comparison to other stores?
Yes No
2. Is it easy to reach or find the products?
Yes No
3. Is the desired product available? Yes No
4. Is the signage board or offer board helping you for the purchase in sports section?
Yes No
5. Rate the behaviour of our Sales persons/ promoters –
Excellent Good Satisfactory Poor
6. Rate the functioning of Billing Counter
Excellent Good Satisfactory Poor
7. Any suggestion to enhance the sports category ----------------
Thank you for your valuable Time and kind cooperation
ISSN:2321-0346-Online ISSN:2347-1670-Print