How big can BIG be? How much choice can make you shop till you drop? Spoilt for choice? All these cliche will acquire a new meaning when bigshoebazaar.com retail outlets open its doors for customers in Patna. The said store is located in Deo Siddhi Plaza, Kankarbagh, Main Road, Near Colony More,Patna, Bihar. This event marked the auspicious presence of Valmiki Singh, M.L.C.
Bigshoebazaar.com introduces itself as India’s largest ecommerce store which is the first and only online shopping portal in Asia which provides a complete shopping solution of your footwear, have a diverse reach in more than 1500 cities in the country and 30 countries of the world. Bigshoebazaar.com consists of more than 85 brands and 15,000 designs on one platform. This family shoe store has variety for men’s, women’s and kids in formals, casuals and sports. There are shoes on discounts, the latest shoes as well as international brands.
In the first of its kind format for retail business, Bigshoebazaar.com is offering its customers an experience which till date had been a fantasy. Bigshoebazaar.com’s multi-branded retail outlets will not only have a huge collection under its roof, but will virtually have shoes from all over the world.
The largest e-commerce company brings together all leading international and domestic brand like Woodland, Adidas, Puma, Reebok, Nike, LeeCooper, Red Tape, ID and the list just goes on and on. What’s more interesting for the customers of BSB is that you will not only find the International brands but also the national and local brands just within a single click of the button. The dispatch system is very fast and it just takes maximum 72 hours to get you your desired shoes.
It is the only store that provides its customers more variety that a physical store can hold, they will get access to an unlimited virtual variety. The customer has to just log in to www.bigshoebazaar.com via a touch-screen kiosk and a whole new world of footwear opens to him, giving him dozens of brands and thousands of shoes to choose from. But that’s not all whenever a customer is dissatisfied, he will be provided with all the customer support. The return policy is very efficient and is without any hassle or any cost or fee involved.
The Company will take franchise route to expand its footprint. The first phase itself involves the launch of its first franchise store in East India in Bihar.
The focus of expansion in the initial phase will be cities other than metros and will be looking to open more franchise stores across the country. Bigshoebazaar.com will set out its footprint in large metros in the second phase.
Retail outlets with virtual access to the entire industry, will also help footwear industry clear its inventory faster, thus bringing a big relief to footwear manufacturers whose biggest problem has been real-time inventory clearance and all other troubles associated with it.
“Our unique retail model offers vast choices to customer on one hand and helps the industry clear its inventory fast and in real-time on the other. Thus it’s a win-win model for all stakeholders. We are confident that this model will be hugely successful and become a benchmark for the industry,” said Manmohan Agrawal, Director of Bigshoebazaar.com.
Showing posts with label Adidas. Show all posts
Showing posts with label Adidas. Show all posts
Monday, March 22, 2010
Thursday, December 31, 2009
Franchising Poised To Explode In Small Format Retail In 2010
Mumbai: Even as retailers shelved their expansion plans last year and struggled to keep company-owned stores running, they figured out a way to multiply their stores and sustain business — through franchising.
Franchise India Holding Ltd, estimates a rise in the adoption of franchise model by small-format retail players in the country since the slowdown last year.
As per its estimates, 85% of all small-format retail business in India now operates on the franchise model.
“Earlier, only 50% of small-box retail companies in India operated through franchise model, while the rest is operated only through company owned stores. This is a very significant growth from what it used to be a year or two ago,” Gaurav Marya, president, Franchise India Holding said.
During the recession, most retailers were starved of capital for expansion. Franchising offered a model to sustain their business.
“That was when we saw the growth in retail and companies that were earlier not franchising started looking at the model,” Marya said.
Brands such as Koutons, Levis, Reebok and Adidas, which were traditionally not franchising, have lately started looking at the model.
So much so, the retail format ratio for most brands now stands at 80% dedicated to franchising and 20% for company run at strategic locations.
According to Franchise India, large-box retailers typically desist from taking the franchise route, although some, like Trent’s Westside chain, are franchised.
Videocon India, which runs two retail formats — Next (electronics chain) and Planet M (music and departmental chain) — is now starting to franchise Planet M, which was earlier being expanded through company-run stores.
Bata India, the largest retailer and manufacturer of footwear in the country with 1,200 stores, is starting its own franchise network to expand retail presence in a few months, Marcelo Villagran, managing director and chief executive officer of the company, had told DNA Money in October. Bata is looking at opening 60 flagship stores every year and tapping the franchise model will help the brand accelerate further in the market that is getting highly competitive.
Cookie Man, the retail chain store owned by Australian Foods Ltd, which runs over 50 stores across India, is looking at reaching a total of 250 stores through franchising in another 5-6 years.
“Not only does the franchisee bring in the capital, but also, the retailers are able to save 4-8% on the point of sales,” Marya of Franchise India said.
Currently, 45% of organised retail sales in India are through franchised outlets.
This is in line with the developed world countries like US and Europe, where these models are well incepted in the business world.
As per Franchise India estimates, the fashion retail industry in the country is pegged at $29 billion and growing at 12% per annum. India is now opening up as a competitive apparel retail market.
The market potential for footwear is 1.1 billion pairs and it is estimated to be a $2 billion sector.
The jewellery market is estimated at $9.7 billion, with gold contributing 98% to retailing. And the industry is touting retail franchising as the best mode of tapping the market’s potential.
Source:Shailaja Sharma / DNA
Friday, January 1, 2010 2:17 IST
Franchise India Holding Ltd, estimates a rise in the adoption of franchise model by small-format retail players in the country since the slowdown last year.
As per its estimates, 85% of all small-format retail business in India now operates on the franchise model.
“Earlier, only 50% of small-box retail companies in India operated through franchise model, while the rest is operated only through company owned stores. This is a very significant growth from what it used to be a year or two ago,” Gaurav Marya, president, Franchise India Holding said.
During the recession, most retailers were starved of capital for expansion. Franchising offered a model to sustain their business.
“That was when we saw the growth in retail and companies that were earlier not franchising started looking at the model,” Marya said.
Brands such as Koutons, Levis, Reebok and Adidas, which were traditionally not franchising, have lately started looking at the model.
So much so, the retail format ratio for most brands now stands at 80% dedicated to franchising and 20% for company run at strategic locations.
According to Franchise India, large-box retailers typically desist from taking the franchise route, although some, like Trent’s Westside chain, are franchised.
Videocon India, which runs two retail formats — Next (electronics chain) and Planet M (music and departmental chain) — is now starting to franchise Planet M, which was earlier being expanded through company-run stores.
Bata India, the largest retailer and manufacturer of footwear in the country with 1,200 stores, is starting its own franchise network to expand retail presence in a few months, Marcelo Villagran, managing director and chief executive officer of the company, had told DNA Money in October. Bata is looking at opening 60 flagship stores every year and tapping the franchise model will help the brand accelerate further in the market that is getting highly competitive.
Cookie Man, the retail chain store owned by Australian Foods Ltd, which runs over 50 stores across India, is looking at reaching a total of 250 stores through franchising in another 5-6 years.
“Not only does the franchisee bring in the capital, but also, the retailers are able to save 4-8% on the point of sales,” Marya of Franchise India said.
Currently, 45% of organised retail sales in India are through franchised outlets.
This is in line with the developed world countries like US and Europe, where these models are well incepted in the business world.
As per Franchise India estimates, the fashion retail industry in the country is pegged at $29 billion and growing at 12% per annum. India is now opening up as a competitive apparel retail market.
The market potential for footwear is 1.1 billion pairs and it is estimated to be a $2 billion sector.
The jewellery market is estimated at $9.7 billion, with gold contributing 98% to retailing. And the industry is touting retail franchising as the best mode of tapping the market’s potential.
Source:Shailaja Sharma / DNA
Friday, January 1, 2010 2:17 IST
Subscribe to:
Posts (Atom)