Consumer Behaviour Towards Readymade Garments With Reference To ITC
Consumer Behaviour Towards Readymade Garments With Reference To ITC
Consumer Behaviour Towards Readymade Garments With Reference To ITC
WILLS LIFESTYLE
MARKETING RESEARCH
CONSUMER BEHAVIOUR
• Buying motive
• Buying roles
• Major factors influencing buying behavior
Working towards enhancing customer satisfaction
• The five stages in consumer buying process
customer has started becoming choosy about what to buy. Thus, all firms
are becoming not only customer focused but are also trying to build
relationships with them. This is done by continuously updating
knowledge, information and understanding of the customer’s needs and
expectations.
Awareness that is displayed by the firms have made consumers take more
interest in their own consumption related decisions. They are keen top
gain more knowledge about taking various decisions related to products
and the promotional influences that persuade them to buy.
BUYING MOTIVES
possession of the same. A buying motive can be said to be all the desires
considerations and impulses which induce a buyer to purchase a given
product. Basically, buying motives are of two kinds:
1. Product motives.
2. Patronage motives.
PRODUCT MOTIVES
The buyer will carefully think and work out the valid and relevant reasons
to justify the proposed purchase of the product.
However, sometimes it has been observed that some product motives may
be a mixture of emotion and rationality. In such a case, a buyer may react
quickly to a situation and make an impulsive buying decision but there
could be some conscious reasoning behind such a purchase. So a more
logical way of classifying product motives is by adding two dimensions
to the product motives- utility and prestige.
BUYING ROLES
A big task for the marketer is to identify the target buyers of a
particular new product. The marketer has to know who makes the buying
decision for the particular product category. Very often, most of the
purchase decisions involve a Decision Making Unit (DMU) comprising
of more than one person. So he has to understand the roles of the various
people involved in the decision making process. There are five different
types of roles that people play in a buying decision. They are as follows:
• Initiator: The person who first suggests the idea of buying the
product or service.
• Influencer: The person whose view or advice influences the
decision.
• Decider: The person who decides on any component of a buying
decision: whether to buy, what to buy, how to buy, or where to
buy.
• Buyer: The person who makes the actual purchase.
• User: The person who consumes the product or service.
It will be very useful for the company if it is able to identify the roles of
the persons involved in the decision making process. This is because this
information will help them in designing the product, allocate funds for
the promotional budget, work out the communication media, and decide
for whom the message is to be directed.
personal computer, and a new car are all very different. Complex and
expensive purchases are likely to involve more buyer deliberation.
with, the person has their own vision of their personality, called Self
Concept, which may or may not be the same has how others view us.
CULTURAL FACTORS
Culture:
Exert the maximum influence on consumer behavior. Culture is the basic
determinant of a person wants. It refers to a set of learnt beliefs, values,
attitudes, customs, habits and other forms of behavior that are shared in
society.
Sub Culture:
NATIONALITY GROUPS
RELIGIOUS GROUPS
RACIAL GROUPS
GEOGRAPHIC GROUPS
Social Class:
SOCIAL FACTORS
Reference Group
They are the social, economic or professional groups that have a direct or
indirect influence on the person’s attitudes or behavior. Consumers
accept information provided by their peer groups on the quality,
performance, style etc of a product. These groups influence the person’s
attitudes and expose them to a new behavior.
Family
It is the most influential group as the attitudes, habits and values are
shaped by the family’s influence. The members of family play different
roles such as influencer, decider, purchaser and user in the buying
process.
PERSONAL FACTORS
Age
According to Russell People buy different goods and services over their
lifetime. The lifecycle of a person is infancy, adolescence, teenage, adult
middle age and old age. In each stage the persons buying behavior is
different. The person is dependent on others during the first three stages,
then in the next stage he not only takes decisions but also influences
others buying decisions and in the last stage of the life cycle the decisions
are again made by others.
Occupation
It also influences his or her consumption pattern because occupation
decides his ability to buy For example – A blue-collar worker will buy
work clothes and work shoes while a company’s president will buy
expensive suits, club memberships and a luxury car.
Economic Circumstances
Lifestyle
PYSCHOLOGICAL FACTORS
Perception
Learning
Problem Recognition
The buying process starts when the buyer recognizes a problem or need.
The need may be activated by internal or external stimuli. The intensity
of want will indicate the speed at which the person will move to fulfill it.
Information Search
The person will also search for information relating to the brand, its
location and the manner of obtaining the product.
Evaluation of Alternatives
This is an important stage in the process of buying where several
decisions are taken in the evaluation process.
Purchase Decision
While the customer is evaluating the alternatives the person will have
preferences among the various brands, a liking towards a particular brand
will lead to the purchase of the product thus a prospective buyer heads
towards final selection.
TEXTILE INDUSTRY
The Indian textiles industry is extremely varied, with the hand-spun and
Ihand-woven sector at one end of the spectrum, and the capital intensive,
sophisticated mill sector at the other. The decentralized power looms/
hosiery and knitting sectors form the largest section of the Textiles sector
The industry has several vast sectors within it, viz, the mill sector, the
clothing or garment sector, the handloom sector and the power loom
sector. Each of these sectors employs lakhs of workers and also
contributes significantly to the national economy. The tradable
commodities under textiles include readymade garments (clothing),
cotton yarns, fabrics, silk and woolen products, etc.
GARMENT SECTOR
The garment sector, however, has emerged as the most globalised sector
in the world today. This sector alone employs about 4.3million workers.
A large segment of the garment sector comprises of a vast domestic
market, while another significant segment caters to the export market.
Most of the units producing for exports are in Tirupur, Delhi and
Mumbai. According to the ministry of commerce, 53per cent of the total
textile exports in 2007-2008, was from the garment sector alone. Nearly
80 per cent of Indian clothing exports go to the USA and the EU where
they face quota restrictions. Apart from agriculture and Patents, textiles
and clothing in particular are the murkiest elements on the stage of world
politics. The struggle on these two sectors continued throughout the
Uruguay round for eight years. Textiles and clothing still remain as the
most contentious issues.
WHAT IS RETAILING?
EVOLUTION OF RETAILING
• Even though India has well over 6 million retail outlets of all
sizes and styles (or non-styles), the country sorely lacks anything that
can resemble a retailing industry in the modern sense of the term. This
presents international retailing specialists with a great opportunity.
• The India Retail Report 2009 compiled by research group Images
F&R Research is again optimistic about Indian Retail Industry. As per
the report, spiralling income and rising economic growth (I don’t know
where it is) will fuel the growth of industry and it will touch Rs.
18,10,000 crore by 2010. Organized Retail is expected to constitute 13%
of it i.e. Rs. 2,30,000 crore. The report says that though people are
perceiving that organized retail will hit mom & pop format hard, but
modernizing retail will generate employment for 15 million people in
different activities. Food and grocery dominated the retail segment with
59.5 per cent share valued at Rs 7,92,000 crore, followed by clothing
and accessories with a 9.9 per cent share at Rs 1,31,300 crore.
• The first challenge facing the organised retail industry in India is:
competition from the unorganised sector. Traditional retailing has
established in India for some centuries. It is a low cost structure, mostly
owner-operated, has negligible real estate and labour costs and little or
no taxes to pay. Consumer familiarity that runs from generation to
generation is one big advantage for the traditional retailing sector.
.1 RESEARCH DESIGN-
data and the researcher should find it easy to gather accurate data using
this instruments used in research are-
only in the order given in the questionnaire. This mode of data collection
is structured and direct in nature.
Primary data
These are :
a. Survey Method
b. Observation Method
c. Experience Method.
Personal Interview
Telephone Interview
Mail Interview
Secondary Data
-The secondary data for this research was obtained from textbooks,
brochures and internet. Very little research specific data was available;
hence much emphasis was given to primary data.
• All the work is done under the assumption that the data collected
from the respondents was accurate. Throughout the survey and
throughout the time the report was prepared, errors and mistakes
have been made minimal despite the knowledge o the fact that with
a sample size of 100, various hindrances are bound to occur.
Summary of findings have been recorded and suitable suggestion
are given to improve the business at Wills Lifestyle.
• Utmost care has been taken while preparing this report to see that it
can be clearly understood by the reader as well as beneficial for the
company.
METHODS OF SAMPLING :
1. PROBABILITY SAMPLING :
COMPANY PROFILE
ITC was incorporated on August 24, 1910 under the name of `Imperial
Tobacco Company of India Limited'. Its beginnings were humble. A
leased office on Radha Bazaar Lane, Kolkata, was the centre of the
Company's existence. The Company celebrated its 16th birthday on
August 24, 1926, by purchasing the plot of land situated at 37,
Chowringhee, (now renamed J.L. Nehru Road) Kolkata, for the sum of
Rs 310,000. This decision of the Company was historic in more ways
than one. It was to mark the beginning of a long and eventful journey into
India's future. The Company's headquarter building, 'Virginia House',
which came up on that plot of land two years later, would go on to
become one of Kolkata's most venerated landmarks. The Company's
ownership progressively indianised, and the name of the Company was
changed to I.T.C. Limited in 1974. In recognition of the Company's
multi-business portfolio encompassing a wide range of businesses -
Cigarettes & Tobacco, Hotels, Information Technology, Packaging,
Paperboards & Specialty Papers, Agri-Exports and Lifestyle Retailing -
the full stops in the Company's name were removed effective September
18, 2001. The Company now stands rechristened “ITC Limited”
The Wills Lifestyle chain of exclusive stores later expanded its range in
2002 to include Wills Classic formal wear and Wills Club life evening
wear. ITC also initiated a foray into the popular segment with its men's
wear brand, John Players in 2002.
ITC entered the branded packaged Foods business in 2001 with the launch
of the Kitchens of India brand of premium ready-to-eat gourmet cuisines.
2004
In 2008-
THE sales of ITC had amounted to $2.98 billion and it made profits worth
$0.64 billion. Its assets were worth $3.57 billion and its market value was
around $19.01 billion. Today ITC provides its products and services in five
separate categories – fast moving consumer goods, agri-businesses, hotels,
information technology and paperboards and packaging. In fast moving
consumer goods section ITC offers cigarettes, education and stationery,
foods, safety matches, lifestyle retailing, incensesticks and personalcare.
In hotels section there are a number of hotels of ITC across India. There are
several brands of hotels run by ITC but major group is Welcomgroup. Hotels
of ITC also have some well known restaurants like Bukhara, DumPukht and
Dakshin that provide branded food. In paperboards and packaging section
ITC offers paperboards and specialty papers and packaging services.
ITC's Wills Lifestyle is the largest retail chain of premium apparel with
48 outlets across the country. ITC Limited launched Wills Lifestyle with
technical expertise from ADIG (American Design Intelligence Group), a
company with worldwide experience in store designing and
merchandising. The first Wills Lifestyle store in up-market South
Extension, New Delhi, continues to be the design format for all the stores
that have opened thereafter. An international ambience, achieved by the
extensive use of glass, steel and granite, provides the perfect backdrop for
a leisurely, international and thoroughly satisfying shopping experience.
VISION
MISSION
wills sport summer collection is Exciting vibrant and full of energy this
spring summer. it has also launched glamours collection for men. It
includes yarn dyes focused on neutral bases with bright color stripes.
0n 28 Feb. 2009- ITC personal care business launched the first book in
the Di Wills series essence of hair at the salon De wills during wills
lifestyle India fashion week autumn winter 09 in NEWDELHI
This season Wills Classic, new age formal wear, presents a story of
elegance and sophistication.
LIFESTYLE RETAILING
Over the last three years, ITC’s Lifestyle Retailing Business Division has
established a nationwide retailing presence through its Wills Lifestyle
chain of exclusive specialty stores. Beginning with its initial offering of
Wills Sport premium relaxed wear from the first store at South Extension,
New Delhi in July 2000, ITC has in a short span of time expanded its
basket of offerings to the formal segment with Wills Classic formal wear
and to the social evening segment with Wills Clublife, evening wear.
With a distinctive presence across segments at the premium end, ITC has
now initiated a foray into the popular segment with its men’s wear brand
‘John Players’ – thereby aspiring to build a dominant presence in the
apparel market through a robust portfolio of offerings.
At the ‘Wills Lifestyle’ store, customers can browse at leisure, and shop
in a relaxed and pleasing atmosphere. The use of space is refreshing in
the ‘Wills Lifestyle’ stores. This is reflected even in the spacious
changing rooms. Every ‘Wills Lifestyle’ store strives to offer an
international retailing ambience with the extensive use of glass, steel and
granite, reflecting the most contemporary trends in store design, thereby
creating a splendid backdrop for the premium offerings. The aim is to
provide an outstanding and relaxed premium buying experience.
ITC launched its brand of men’s apparel in the popular segment, ‘John
Players’, in December 2006 to broad-base the array of branded apparel
that the Company offers and
urther strengthen its robust branded garment portfolio. This foray into the
popular segment leverages ITC’s proven competencies in building long-
term trade partnerships and establishing omnipresent brand availability.
The essence of the brand and its message is that true intrinsic worth will
surely be seen, appreciated and admired. It is this essence that the base-
line of the brand’s advertisement encapsulates: "When you’re sure, it
shows".
WILLS CLUBLIFE
ACCESSORIES
With the introduction of premium formal and relaxed jackets in the range,
wills lifestyle will continue to offer the definitive look of the season.
Despite the current slowdown the apparel major has taken so many
initiatives like focusing more on production side, co-ordinating on loyalty
programmes in a big way. Wills lifestyle will open 10 new stores in
2009-10. At present it has 55 stores in 30 cities. It is also looking for
revenue sharing in new malls.
PRODUCTION DEPARTMENT
Production is the bias activity of all industrial units. All the other activities
revolve round this activity.
The end product of production activity is the certain of goods and services for
the satisfaction of human wants. According to economics, product is an activity
through which the form utility is either created or enhanced. Wills owns and
operates many manufacturing plans. It also sources from hundreds many other
authorized factories in order to always give customers the right garments at the
right price.At present wills has got four factories in Calcutta, Haryana, Patna,
mumbai.
Mumbai factory has its own in house R&D department. They instruct the
control of input of raw material and in the process quality control and checking
of finished goods.
In R&D department the importance is given to finest quality garments. From the
sales department they get the information about the market i.e., feedback.
PERSONNAL DEPARTMENT:
ORGANIZATIONAL CHART
MANAGING DIRECTOR
AREA MANAGER
SHIFT MANAGER
Definition of Analysis-
Analysis is the process of breaking a complex topic or substance into
smaller parts to gain a better understanding of it. The technique has been
applied in the study of mathematics and logic since before Aristotle,
though analysis as a formal concept is a relatively recent development.
Types of analysis –
In Economics
. In Statistics
ANALYSIS-
The above table analysis the age of the respondents at Wills Lifestyle.
40% of the respondents are between the age of 20-30 years, 25% are
teenagers, 20% fall in 30-40 years bracket and 15% of the respondents
are 40 years and above.
AGE
50
40
40
30 25
20
20 15
10
0
Below 20 years 20-30 years 30-40 years 40 and Above
AGE
INFERENCE-
It is inferred that the respondents are not evenly distributed on the basis
of age and a high percentage of the respondents are in the 20-30 years
age group.
ANALYSIS
The above table analysis the gender wise classification of the respondents
at Wills Lifestyle.
It is seen that 42% of the respondents are males and 58% are females.
GENDER
42%
Male
Female
58%
INFERENCE-
It is inferred that the survey group was not distributed evenly on the bases
of gender and there were more females as compared to males.
ANALYSIS-
35% of the respondents are students followed by 28% are others, 22% are
businessman and 15% are professionals being the least.
OCCUPATION
Others 28
Businessmen 22
Professionals 15
Student 35
0 5 10 15 20 25 30 35 40
INFERENCE-
It is inferred that the respondents are not evenly distributed on the basis
of occupation and a high percentage of the respondents are students.
ANALYSIS
The above table analysis the monthly family income of the respondents at
Wills Lifestyle.
50 42
40
30 Below 25000
30 25000-50000
18
20 50000-75000
10 75000 and Above
10
0
NO.OF RESPONDENTS
INFERENCE-
It is inferred that the respondents are not evenly distributed on the basis
of monthly family income and a high percentage of the respondents have
a family income between 25000-50000.
ANALYSIS-
The above table analysis the data regarding the shopping preference by
the respondents for their apparels.
It is seen that 40% of the respondents prefer to shop from malls which is
the majority followed by 24% from exclusive showrooms, 16% from
discount stores, 12% from exhibitions and the least being the retail
stores which is 8%.
PREFERENCE OF SHOPPING
16% 8%
Retail stores
12% 24% Exclusive showroom
Malls
Exhibitions
INFERENCE-
ANALYSIS –
The above table analysis the data regarding the time of the year people
prefer purchasing their products. It can be observed that 36% of the
respondents are impulsive buyers, 18% buy on special occasion, 16
BUYING BEHAVIOUR
Special occasion
Month end
During festivals
On impulse
Need
0 5 10 15 20 25 30 35 40
INFERENCE-
Thus it can be inferred that majority of the respondent are not time bound
in their purchase and are impulsive buyers.
ANALYSIS-
CHART 7. ACCOMPANIED BY
45
45
40
35
30
25
20
20
15
15 12
10 8
5
0
Alone Friends Parents Spouse Others
INFERENCE-
ANALYSIS
The above table analysis the purchase opinion given by different people
to the respondents accounting to friends being the majority showing
45%,24% parents,12% take their own decision,12% from their spouse
and 7% depend on others respectively.
PURCHASE OPINION
Others Own
Spouse
7% 12%
12%
Parents
24% Friends
45%
INFERENCE-
Thus it can be inferred that friends are the most influencing group of all
the groups of people indicating this as the target market.
ANALYSIS
CUSTOMERS EXPECTATIONS
35 32
30 25
Quality
25 20
Price
20 15
Variety
15
8 Brand
10
Exchange facility
5
0
NO.OF RESPONDENTS
INFERENCE-
Thus it can be inferred that the respondents expect high level of quality
while purchasing a product and hence to satisfy them ,the company
should maintain high quality standards
ANALYSIS
The above table analysis the frequency of visits made by the respondents
to Wills Lifestyle.
FREQUENCY OF VISIT
50
41
40
32
30
20 17
10
10
0
Weekly Once in 15 Monthly During
once days special
events
INFERENCE-
Thus it can be inferred that most of the respondents visit Wills lifestyle
on a frequent basis of 15 days hence requiring periodly updation of the
stock.
RESPONDENTS
United colors of 44 44%
Benetton
Provogue 8 8%
Allen solly 18 18%
Others 30 30%
TOTAL 100 100%
ANALYSIS
In today’s market the customer is the king. He has many options for
making his purchase decisions. The above table analysis the data
regarding the respondents preference in purchasing products from other
brands if not Wills Lifestyle.
50
45
40
35
30
25 Series1
20
15
10
5
0
united provogue allen solly others
INFERENCE-
ANALYSIS-
25
40
A d v e r t is e m e n t
F r ie n d s
F a m ily
O th e r s
10
52
INFERENCE-
It can be inferred that friends were the most important source of creating
awareness. Recommendation from others also played an important role
in creating awareness among the respondents
ANALYSIS-
Price is the most important factor a customer looks for while shopping.
The above table analysis the opinion of the respondent about the price
range of Wills Lifestyle products.
12% of the respondents are satisfied with the price range offered by Wills
Lifestyle but 30% of the respondents are not satisfied with the same. 2%
of the respondents are highly satisfied with the price range. Neutral
accounts to 56% of the total respondent.
C U S T O M E R S P E R C E P T IO N T O W A R D S P R IC E
60 56
50
40
30
30
20 12
10 2 0
0
S a tis fie d H ig hly N eu tra l D is s atis fie d H ig hly
s a tis fie d d is s a tis fie d
INFERENCE-
Thus it can be inferred that majority of the respondent have neutral view
about the price range but there is large percentage of respondents who are
not satisfied with the price range offered by Wills Lifestyle.
ANALYSIS-
The above table analysis the opinion of the respondents about the Wills
Lifestyle location.
39% of the respondents are satisfied with the present location of the store
but 3% of the respondents are not satisfied with the same whereas 34% of
the respondents are highly satisfied with the location and only 2% are
highly dissatisfied with the current location. Neutral accounts to 22% of
the total respondents.
C U S T OM E R S P E R C E P T IO N T O W AR D S T H E
L O C AT IO N
Neutral
S atis fied
0 5 10 15 20 25 30 35 40
INFERENCE-
Thus it can be inferred that majority of the respondents are satisfied with
the location but there is a very small percentage of respondents who are
dissatisfied regarding the location of the store.
ANALYSIS
The above table analysis the opinion of the respondent regarding the
interiors of Wills Lifestyle.
60% of the respondents are satisfied with the interiors of the store but 2%
of the respondents are not satisfied with the same whereas 18% of the
respondents are highly satisfied with the interiors and only 2% are highly
dissatisfied with the present interiors. Neutral accounts to 18% of the
total respondent.
Highly dissatisfied
Dissatisfied
Neutral
Highly satisfied
Satisfied
0 10 20 30 40 50 60
INFERENCE-
Thus it can be inferred that majority of the respondent are satisfied with
the present interiors.
ANALYSIS-
The above table analysis the perception of the respondents regarding the
quality of the products available at Wills Lifestyle.
50% of the respondents are satisfied with the quality of products available
at Wills Lifestyle but 6% of the respondents are not satisfied with the
same.10% are highly satisfied and Neutral accounts to 52% of the total
respondents.
C U S T O M E R S P E R C E P T IO N T O W A R D S Q U A L IT Y
0
H ig hly d is s atis fied
D is s a tis fie d 6
N eu tral 34
S a tis fie d 50
0 10 20 30 40 50
INFERENCE-
Thus it can be inferred that a very high percentage of the respondents are
satisfied with the quality of the products.
ANALYSIS-
37% of the respondents are satisfied with the present product range but
8% of the respondents are not satisfied with the same. 51% of the
respondents fall under the neutral category. 4% of the respondents are
highly satisfied with the current product range.
C U S TOME R S P E R C E P TION T OW AR D S R AN GE
OF P R OD U C TS
60 51
50 S atisfied
37
40 Highly satis fied
30 Neutral
20 Diss atisfied
8
10 4 Highly dis satis fied
0
0
1
INFERENCE-
Thus it can be inferred that majority of the respondent have neutral view
about the product range but there is large percentage of respondent who
are satisfied with the current product range offered by Wills Lifestyle.
ANALYSIS-
The above table analysis the opinion of the respondent regarding the
customer service at Wills Lifestyle store.
48% of the respondents are satisfied with the present service but 2% of
the respondents are not satisfied with the same. 33% of the respondents
fall under the neutral category. 17% of the respondents are highly
satisfied with the current service at the store.
48
50
40 33 S atis fied
Highly s atis fied
30
Neutral
17
20 Dis s atis fied
Highly dis satisfied
10 2 0
0
INFERENCE-
Thus it can be inferred that majority of the respondent are satisfied with
the customer service at Wills Lifestyle and very small percentage of
respondent who are dissatisfied with the current service offered at Wills
Lifestyle.
ANALYSIS –
The above table analysis the opinion of the respondents about the various
discounts and offers given by Wills Lifestyle.
8% of the respondents are satisfied with the discounts and other offers
given by Wills Lifestyle but 30% of the respondents are not satisfied with
the same. Only 10% are highly dissatisfied with the discounts and offers.
Neutral accounts to 52% of the total respondent.
C U S T OM E R S P E R C E P T ION T OW AR D S T H E
D IS C O U N T S AN D OF F E R S
10% 8% 0%
S atis fied
Highly s atis fied
Neutral
30% Dis s atis fied
52% Highly dis s atis fied
INFERENCE-
ANALYSIS-
The above table analysis the data regarding the overall rating of the Wills
Lifestyle showroom by the respondents.
C U S T O M E R S P E R C E P T IO N T O W AR D S W IL L S
L IF E S T YL E
70 62
60
50
40 30
30
20
8
10
0
E x c ellent G ood F air
INFERENCE-
Thus it can be inferred that a very high percentage of the respondents are
happy with the wills lifestyle store in regard to product,variety, quality
etc.
YES 61 61%
NO 32 32%
CAN'T 7 7%
SAY
TOTAL 100 100%
ANALYSIS
The above table analysis if the display in the showroom has any appeal to
the respondents of the Wills Lifestyle.
61% of the respondents found the display appealing whereas 32% of the
respondents were not satisfied. 7% were not certain to say about it.
7%
32% Y es
No
c an't s ay
61%
INFERENCE-
RESPONDENTS
Create more 13 13%
awareness
improve quality 9 9%
less pricing 42 42%
more outlets 16 16%
any other 0 0%
more offers, 20 20%
discounts
TOTAL 100 100%
ANALYSIS-
The above table analysis is the data about the suggestions of customers
regarding improving the market share of the company in present
situation.
s u g g e s tio n to im p ro v e th e ir m a rk e t
45
40
35
30 N O .O F R E S P O N D E N TS
25
…
20 42
15
10 20
16
13
5 9
0 0
c re a t e m o reim p ro ve q u a lit lye s s p ric in g m o re o u tle ts a n y o th e r m o re o ffe rs ,
a w a re n e s s d is c o u n ts
INFERENCES-
SUMMARY OF FINDINGS
view regarding price, product range and the discounts and offers
provided by Wills Lifestyle. There were very few respondents who
were either highly dissatisfied or dissatisfied regarding the above.
High percentage of the respondents are happy with the overall
performance of Wills Lifestyle including the display which is of a
great appeal to them.
6.1 RECOMMENDATIONS:
2. As it is found that friends are the most influencing group for all the
group of people, Wills Lifestyle should consider this as there target
market and target this group for increasing their sales.
3. As Wills Lifestyle clothing and accessories is a part of ITC group it
should spend more on advertisement and sponsor corporate events
to create awareness Advertisement through radio and newspaper
will help them to create awareness to a greater extent.
4. Wills Lifestyle should try and create more awareness for its low
priced products because only handful of people know about this
and most of them perceive that Wills Lifestyle products are high
priced.
5. Though few people are not satisfied with the current location for
various reasons, Wills Lifestyle should try and open few more
branches in some of the main area away from current location.
6. Wills Lifestyle should give more discounts and offers particularly
during local festival or main festivals and should create awareness
for the same through newspaper or radio or by putting hoardings at
main places.
7. Respondents feel that Wills Lifestyle has limited sets of design.
They suggest Wills Lifestyle should introduce few more sets of
design and create awareness for the same through window display.
8. Respondents prefer Wills Lifestyle products in other shopping
malls. For the same they suggest Wills Lifestyle to keep their
products in big shopping malls because there is a large percentage
of respondents who shop only in big shopping malls and not in any
exclusive store. So availability of products at different places will
increase the sale and create new customers.
6.2 CONCLUSIONS