Project
Project
Submitted by
DEPARTMENT OF COMMERCE
KHALLIKOTE UNITARY UNIVERSITY,
BERHAMPUR -760001
2021-24
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DECLARATION
time before.
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CERTIFICATE
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ACKNOWLEDGEMENT
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TABLE OF CONTENT
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CHAPTER – 1
INTRODUCTION
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InTRoduCTIon
The word 'Retail' is derived from a French word with the prefix re and the verb trailer
meaning "to cut again". Evidently, retail trade is one that cuts off smaller portions
from large lumps of goods. It is a process through which goods are transported to
final consumers. In other words, retailing consists of the activities involved in selling
directly to the ultimate consumer for personal, non-business use. It embraces the
direct-to-customer sales activities of the producer, whether through his own stores
by house-to-house canvassing or by mail-order business. Manufacturers engage in
retailing when they make direct-to-consumer sales of their products through their
own stores (as Bata and Corona shoe companies, D.C.M. Stores, Mafatlals and
Bombay Dyeing) by door-to-door canvass or mail order or even on telephone. Even a
wholesaler engages in retailing when sells directly to an ultimate consumer, although
his main business may still be wholesaling. A retailer is a merchant or occasionally an
agent or a business enterprise, whose main business is selling directly to ultimate
consumers for non-business use. He performs many marketing activities such as
buying, selling, grading, risk-trading, and developing information about customer’s
wants. A retailer may sell infrequently to industrial users, but these are wholesale
transactions, not retail sales. If over one half of the amount of volume of business
comes from sales to ultimate consumers, i.e. sales at retail, he is classified as a
retailer. Retailing occurs in all marketing channels for consumer products.
The global retail industry is mature and highly competitive in the developed
economies of Europe and North America. On the other hand, the developing
economies of Asia-Pacific, the Middle East, and Latin America have been instrumental
in driving the market growth. Countries, such as Singapore, Malaysia, and Thailand,
are popular shopping destinations in the Asia-Pacific region, with visitors contributing
substantially to the retail sectors in the respective markets. Tourists are augmenting
the demand for products related to fashion, apparel, and electronics. Consumer
spending, which typically accounts for more than two-thirds of the GDP, has been a
key indicator of the health of the retail market. Moreover, the increasing strength of
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online shopping has been a major driver (especially during the COVID-19 crisis). Apart
from this, the growing Smart phone penetration across countries is driving the e-
commerce channel. Also, IoT, augmented reality, and other disruptive technologies
are reshaping the retail industry. However, price variation between online and brick-
and-mortar stores can challenge the retail market growth.
India is the world’s fifth-largest global destination in the retail space. In FDI
Confidence Index, India ranked 16 (after US, Canada, Germany, United Kingdom,
China, Japan, France, Australia, Switzerland, and Italy).
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MARkET sIzE
Revenue of India’s offline retailers, also known as brick and mortar (B&M) retailers, is
expected to increase by Rs. 10,000-12,000 crore (US$ 1.39-2.77 billion) in FY20.
India’s direct selling industry is expected to be valued at US$ 2.14 billion by the end
of 2021. E-Retail has been a boon during the pandemic and according to a report by
Bain & Company in association with Flipkart ‘How India Shops Online 2021’ the
eretail market is expected to grow to US$ 120-140 billion by FY26, increasing at
approximately 25-30% p.a. over the next 5 years. Despite unprecedented challenges,
the India consumption story is still robust. Driven by affluence, accessibility,
awareness and attitude, household consumption stood at Rs. 130–140 trillion (US$
1.63-1.75 trillion) in 2021.
India has the third-highest number of e-retail shoppers (only behind China, the US).
The new-age logistics players are expected to deliver 2.5 billion Direct-to-Consumer
(D2C) shipments by 2030. Online used car transaction penetration is expected to
grow by 9x in the next 10 years. I chose Arvind Lifestyle Brands Limited at Kalpana in
Bhubaneswar to do my project under the topic “A study on impact of visual
merchandising on the consumer impulse buying of apparels at Arvind life style Brand
Limited”, Arvind life style Brand Limited is one of the most well-known Retail firms in
India. I found Retail business appropriate for the topic as this is the only business
which gives importance for visual merchandising and Arvind life style Brand Limited is
one such firm a leading player in the industry and also encourages students like me to
conduct this kind of studies in their outlets and providing proper support and
assistance.
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oBJECTIVEs oF THE sTudY
The primary objective is to measure the impact of visual merchandising tools on
consumer impulse buying. Two broader objectives of the study are;
To identify various visual merchandising tools use in Arvind life style for us U.S.
Polo apparels.
To study the impact of exterior design on impulse buying in U.S. Polo apparels
in Arvind life style.
To evaluate the influence of interior design on impulse buying in U.S. Polo
apparels in Arvind life style.
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VIsuAl MERCHAndIsInG
Exterior Signs
The purpose of the signs is to gain customer awareness and announce the store
identity. There are promotional, directional, location and informational signs.
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Marquee
A special type of signs is used to display the name of a store. Leather, wood, metal
or plastic material used.
Entrance
Important to attract the customers from visual appeal. Straight, arcade and angle
store front designs are different types.
Window Display
Get attention, create interest and invite people to the store. They are regularly
updated to show the latest products in the store. Enclosed, open back, corner,
showcase, angled and semi enclosed are some of the window display types.
Mannequins
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Essential for enhancing the appeal of the clothing by showing how it looks when put
on. Realistic, semi realistic, abstract, semiabstract, headless and three-quarter
mannequins are some types that are frequently used.
Colours
Lighting
Use to draw attention to a part of the area or a specific item in the display or to
coordinate parts of the total area. Soft lighting creates an intimate and inviting space,
while bright lighting creates a modern feel. Floodlights, revolving, flashing, and
spotlights are commonly used types.
Interior signs
Brand identification of specific products, identity classification of products, offer
direction to various departments, and announce upcoming events and providing
information about product benefits are some common purposes of using interior
signs.
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Space & Layout
It represents how effectively the retailer utilizes its space. The objectives of store
design are to guide the customer around the store and entice increase of purchase,
to create a balance between sales and shopping space, to create an effective
merchandising presentation and use multi-level to provide sense and variety.
Creative display
According to seasonal themes creating different displays & arrangements and use of
different folding and hanging methods are categories of the creative display. Props
and fixtures are commonly used.
Focal point
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A focal point is a place that peoples’ eyes will immediately focus on when they
first look at the display. Creating an attractively highlighted area with
mannequins, accessories and attractive designs is important.
Cleanliness
The cleanliness of the store and items is the very important. Maintain shop
floor and fit on rooms and racks and other fixtures in a cleanly manner.
Music
Western classical slow music played except at CIB. Background music makes
customers tend to spend more time and make choices freely.
Fragrance
For fragrance air fresheners are used.
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CHAPTER 2
COMPANY PROFILE
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About The Company
Voted as 'India's Most Trusted Apparel Retail Brand,' (Brand Equity
Survey 2016), Arvind Lifestyle Brands Limited, a division of ALBL has
always been one of the most loved large format fashion retailers in
India. Today is the fastest growing large format retailer in the country.
The rate of new store openings has increased from one every two
months to one every two weeks. The brand is now present in 127
Indian cities / towns.
Arvind Lifestyle Brands Limited posted revenues of INR 5,407.26
corers in FY16. The company offers a wide range of brand offerings
across apparel and non-apparel categories and across varied price
points.
It operates across categories of casual wear, ethnic wear, formal
wear, party wear and active wear for men, women and kids. Women
swear is the lead category contributing to half of total apparel sales.
Non-apparel products include footwear, handbags, cosmetics,
perfumes, fashion jewellery and watches.
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lEAdInG BRAnds AT ARVInd lIFEsTYlE BRAnds lIMITEd
Arvind Lifestyle Brands Limited to day retails over 200 licensed and
international brands, including 24 exclusive in- house brands.
The Arvind Lifestyle Brands Limited exclusive brands and many international
Brands including U.S. POLO ASSN., Gant, Arrow, Izod, Nautica, Elle, Ed Hardy,
Hanes, Cherokee, Sephora, Aeropostale, Nautica, GAP, The Children's Place.
The company launched new brand sin FY'16 TRUE BLUE, True Blue is a joint
venture between cricket legend Sachin Tendulkar and Arvind Lifestyle Brands
Limited.
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Company profile- Arvind Lifestyle Brands Limited
Arvind Limited (formerly Arvind Mills) is a textile manufacturer and the flagship
company of the Lalbhai Group. Its headquarters are in Naroda, Ahmadabad, Gujarat,
India, and it has units at Santej (near Kalol). The company manufactures cotton
shirting, denim, knits and bottom weight (khaki) fabrics. It has also recently ventured
into technical textiles when it started Advanced Materials Division in [Link] is India's
largest denim manufacturer. Sanjaybhai Lalbhai is the current Chairman and
Managing Director of Arvind and Lalbhai Group. In early 1980s, he led the 'Reno-
vision' whereby the company brought denim into the domestic market, thus starting
the jeans revolution in India. Today it retails its own brands like Flying Machine,
Newport and Excalibur and licensed international brands like Arrow, Tommy Hilfiger,
and Calvin Klein through its nationwide retail network. Arvind also runs three
clothing and accessories retail chains, the Arvind Store, Unlimited and Mega mart,
which stocks company brands.
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Financial restructuring
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Vision and mission of the company
Visions
Arvind Lifestyle Brands Limited shall deliver Everything, Everywhere,
Everytime for Every Indian Consumer in them cost profitable manner.
Mission
• We shall in fuse Indian brands with confidence and renewed
ambition
• We shall be efficient, cost-conscious and committed to quality in
whatever we do
• We shall ensure that our positive attitude, sincerity, humility and
united determination shall be the driving force to make us successful.
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CHAPTER – 3
RESEARCH METHEDOLOGY
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What is research?
Research is “creative and systematic work undertaken to increase the stock
of knowledge". It involves the unbiased collection, organization and analysis of
information to increase understanding of a topic or issue. A research project
may be an expansion on past work in the field. To test the validity of
instruments, procedures, or experiments, research may replicate elements of
prior projects or the project as a whole.
Definitions:
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souRCEs oF dATA
The study involves both primary and secondary data.
Primary Data:
Data that has been collected by the researcher himself through
surveys, specially designed for understanding and solving the
research problem at hand.
The primary data is first handed data collected with the help of a
structured questionnaire.
Secondary Data:
Secondary data is data gathered from previous studies, surveys, or
experiments that have been run by other people or for other
researches. The secondary data were collected from different sources
like books, reports, Research articles, Wikipedia, Google scholars.
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dATA CollECTIon TECHnIQuE
The primary data are collected from the customers who visited to the retail
store located inside the Utkala Kanika galleria, Kalpana for purchasing apparels
of U.S. Polo during my internship.
o Structured questionnaire:
Structured Questionnaire Method is a method for research and was
constituted by Emile Durkheim. They fall under the category of quantitative
research. Also known as closed questionnaire - they are positivist research
method.
In such questionnaires, there exists low level of involvement of the person who
is conducting the questionnaire and high level of involvement of the person
who is answering the questionnaire.
Structured questionnaires ask direct and close questions. If structured
appropriately, they can accumulate large amounts of valuable data that gives
deep insight into the minds of the large number of people who answer those
questions. Usually, they are used for market research or social research
questions. Closed answers are fixed and rigid and have no scope of confusion.
Upon analysing these results and applying them on various established
theories - statements can be made about the subject groups. These results can
be extrapolated and later on be used for making important business decisions.
Incorrect questions, their incorrect sequence or incorrect scales given to them
can give convoluted results.
A structured questionnaire was developed to collect the responses from the
customers. A Google form was asked to be filled by the customers from the
researcher’s device.
The questionnaire had two sections. The questions relating to demographic
profile were included in section A. whereas, statements related to visual
merchandizing and impulse buying were included in section B. The statements
were measured with the help of 5 point likert scale.
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o Mall intercept technique:
It is a method of data collection in which interviewers in a shopping mall
stop or intercept a sample of those passing by to ask them if they would
be willing to participate in a research study; those who agree are typically
taken to an interviewing facility that has been set up in the mall where
the interview is conducted, your objective of maximum data is achieved
with Survey Analytics.
A mall-intercept is a survey whereby respondents are intercepted in
shopping in malls. The process involves stopping the shoppers, screening
them for appropriateness, and either administering the survey on the
spot or inviting them to a research facility located in the mall to complete
the interview. While not representative of the population in general,
shopping mall customers do constitute a major share of the market for
many products. Survey Analytics helps you analyse the shoppers with
simple yet dynamic questionnaires.
Mall-intercepts are also an effective way to conduct package and product
tests. By locating these tests at a mall, you gain access to a wide range of
people who are already conveniently available at the testing facility.
In this study a Mall intercept technique was adapted here to collecting the
data.
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dATA AnAlYsIs TECHnIQuE
After collecting the primary data excel was use to analyse and
draw conclusions.
The data were presented in the form of pie-charts for
categorical questions.
For likert-scale based questions, mean, correlation were used.
Scattered diagram also use to present the correlation between
two variables in graphical manner.
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CHAPTER -4
DATA ANALYSIS & INTERPRITATION
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DATA ANALYSIS:
The data collected from the respondents are being analysed in this chapter. The
statistical tools like mean, standard deviation and correlation were used to
analyse the data. Subsequently, data of the variables like gender, educational
qualification, occupation, monthly income and marital status are presented
through a frequency distribution tables and graphs.
Table 4.1: GENDER
CATEGORY GENDER FREQUENCY PERCENTAGE
MALE 45 76.28%
FEMALE 14 23.72%
TOTAL 59 100%
Source: primary data
It can be observed from the table 4.1 that majority of the respondents are
male (76.9%) and rest (23.1%) are female. The same result is presented bellow
in the figure 4.1.
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Table 4.2: EDUCATIONAL QUALIFICATION
CATEGORY FREQUENCY PERCENTAGE
UNDERGRADUATE 45 76.27%
GRADUATION 3 5.08%
POST GRADUATION 9 15.25%
ANY OTHERS 2 3.4%
TOTAL 59 100%
Source: primary data
It can be seen from the table 4.2 that the educational qualifications of
majority respondents are Post graduation (15.25%). Whereas, (5.08%),
have an educational qualification of graduation, followed by under
graduation (76.27%), others (3.4%). The same result is presented bellow
in the figure 4.2.
EDUCATIONAL QUALIFICATION
UNDER GRADUATE GRADUATE POST GRADUATE OTHER
4%
15%
5%
76%
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Table 4.3: MARITAL STATUS
CATEGORY FREQUENCY PERCENTAGE
MARRIED 4 6.78%
UNMARRIED 55 93.22%
OTHERS 0 0%
TOTAL 59 100%
Source: Primary data
It can be evident from the table 4.3 the majority of the respondent are
married (6.78%) and rest (93.22%) are unmarried. The same results are
presented in the figure no 4.3.
MARITAL STATUS
7%
MARRIED
UNMARRIED
93%
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TABLE 4.4: AGE
It can be viewed from the table 4.4 that 95% of respondents belongs to
the age group 34 or less, and majority is in the age group 18 - 24. The
same result is presented bellow in the figure 4.4
AGE
3%
2%
10%
18 - 24
25 - 34
35 - 44
85%
45 or above
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TABLE 4.5: OCCUPATION
It can be observed from the table 4.5 that majority of the respondents’
occupation are business (23.73%) and which is followed by service
(5.08%), Housewife (6.78%), students (61.02%) and rest of the
respondents’ occupation are from others (3.39%). The same result is
presented bellow in the figure 4.4.
OCCUPATION
7% 3%
STUDENTS
24%
SERVICE
61%
BUSINESS
5%
HOUSEWIFE
OTHER
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TABLE 4.6: ANNUAL INCOME (individual in per annum in Rupees)
It can be observed from the table 4.5 that majority of the respondents i.e.
48 % are having a annual income of Rs.20, 000 and above. The same
result is presented bellow in the figure 4.6.
ANNUAL INCOME
7%
5%
41%
Less than 20,000
20,000-39,999
47% 40,000-59,999
60,000 or above
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VARIABLE MEAN
EXTERIOR 4.32
DESIGN
INTERIOR 4.03
DESIGN
It can observe that Exterior Design is having a higher MEAN value of 4.33
in compare to Interior Design where MEAN value is 4.03. So, we can
inform that Exterior Design is playing a very important role than Interior
Design in case of U.S. POLO in Arvind Life Style Brand Limited.
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CORELATION BETWEEN
EXTERIOR DESIGN AND IMPULSE
BUYING=0.209
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CORELATION BETWEEN INTERIOR DESIGN AND IMPULSE BUYING= 0.168
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FINDINGS
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SUGGESTIONS
Mannequins
Colours
Lighting
Interior signs
Space & Layout
Creative Display
Focal point
Cleanliness
Music
Fragrance
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CONCLUSION
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BIBlIoGRAPHY
Journals
Websites
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ANNEXURE
Questionnaire
Dear Respondent,
I am doing a survey on the topic “Impact of Visual Merchandising on the consumer Buying
Behaviours of Apparels at Arvind life style brand limited” for my project. I kindly request you to spare
few minutes of your valuable time in filling the following questionnaire. Your response in this regard
shall be great input for the act of which I shall be thankful to you.
(Guidance to complete)
Please mark your selected answer with (✓) in the given chart and write the specified answer
in given space.
Section A
1. Name: _______________________________
2. Gender
3. Education
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Section B
Mark your response (✓) in the appropriate column,
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11 The way of presenting the items and
decorations of the store would increase
the interest to purchase. (ID_8)
12 Video displayed in digital screens and
walls help you to get information about
new arrivals and promotions. (ID_9)
Impulse Buying
13 I often buy things spontaneously. (IB_1)
14 I often buy things without thinking. (IB_2)
15 Sometimes I feel like buying things on the
spurof-the-moment. (IB_3)
Any Suggestions:
___________________________________________________________________________
___________________________________________________________________________
__________________________________________________________________________.
THANK YOU
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