Final Report
Final Report
REPORT ON MARKETING OF
RELIANCE RETAIL LIMITED
Submitted by
PRAVEEN R
Regd. No. 2201510007
On 11th August 2023
Submitted by
PRAVEEN R
Regd. No. 2201510007
On 11th August 2023
I also thankful to Dr. K. Hema Divya, Professor & Head of the Department of
Business Administration Business School for giving me this opportunity to
take up the project work and helping me to do this wonderful project. I would
also like to thank Dr. Venkata Ramana, Professor & Internship Co-
coordinator, Department of Business Administration, for his valuable
guidance and support for the completion of my SIP work. I thank my university
guide Dr. Sundari dadhabai Professor, for bringing us all together on online to
combine our objectives and mutually work on it.
1. ACKNOWLEDGEMENT 3
2. SUMMARY 5
6. SWOT ANALYSIS 11
7. 3 CET REPORT 13
9. METHODOLOGY 22
10.CONCLUSION 24
11.BIBILOGRAPHY 24
The internship targets vary based on the format, with interns required
to interact with a certain number of customers daily and collect their
feedback. Formats like Reliance Trends, Avantra, Reliance Digital,
Trends Women, and Reliance Fashion Factory have specific daily
targets for customer interactions.
OBJECTIVE OF REPORT:
AN OVERVIEW OF INDUSTRY: -
INTRODUCTION:
Reliance Retail is one of India's largest and most prominent retail companies,
part of the Reliance Industries conglomerate. Founded in 2006, it has rapidly
grown to become a dominant player in the Indian retail sector. The company
operates a diverse range of retail formats across various segments, catering to
the needs of Indian consumers.
1. Retail Formats:
Reliance Retail operates various retail formats, including Reliance Fresh
(grocery stores), Reliance Trends (fashion apparel), Reliance Digital (electronic
and digital products), Reliance Smart (hypermarkets), Reliance Jewels (jewelry
stores), Reliance Footprint (footwear), and many others. This diverse portfolio
allows the company to target different customer segments and offer a wide
range of products.
2. Pan-India Presence:
Reliance Retail has an extensive network of stores across India, with a
presence in major cities, towns, and even rural areas. This vast reach enables the
company to tap into diverse consumer markets and demographics.
3. Omni-channel Approach:
Reliance Retail has embraced an omni-channel strategy, integrating
offline retail with an online platform. Customers can shop through the
company's website and mobile app, providing a seamless shopping experience.
5. Strategic Partnerships:
The company has formed strategic partnerships with global brands and
companies, enabling them to offer a wide range of international products and
enhance their product offerings.
6. Diversification:
Apart from its core retail operations, Reliance Retail has also ventured
into other areas, such as agriculture and food processing, in line with its
commitment to supporting India's economic growth.
7. Employment Generation:
Reliance Retail's widespread presence has led to the creation of a
significant number of jobs, contributing to the country's employment growth.
AN OVERVIEW OF COMPANY: -
INTRODUCTION:
2. Extensive Reach:
The company has an extensive retail presence with stores located in major
cities, towns, and even smaller towns across India. This widespread presence
allows Reliance Retail to tap into diverse customer markets and regions.
3. Multi-Brand Offerings:
Reliance Retail offers a diverse range of products from various national
and international brands. Whether it's groceries, fashion, electronics, or lifestyle
products, customers can find a wide selection of choices under one roof
5. E-commerce Presence:
Reliance Retail has also expanded its presence in the online retail space
with its e-commerce platform. Customers can conveniently shop for products
online and have them delivered to their doorstep. (example, ajio, jiomart,
Trends, Reliance digital, Tira)
The retail industry, including Reliance Retail, faces various challenges that can
impact its operations, growth, and profitability. Some of the key challenges in
the industry include:
1. Intense Competition:
The retail sector is highly competitive, with numerous players vying for
market share. Competition can lead to price wars, reduced profit margins, and
the need for constant innovation to stay ahead.
3. E-commerce Disruption:
The rise of e-commerce has disrupted traditional brick-and-mortar retail.
Online shopping platforms offer convenience, competitive pricing, and a vast
range of choices, challenging physical retail stores to maintain their relevance.
5. Regulatory Compliance:
The retail industry is subject to various regulations, including labor laws,
taxation, and product safety standards. Complying with these regulations can be
complex and may increase operational costs.
SWOT analysis is a strategic planning tool used to assess the internal strengths
and weaknesses, as well as the external opportunities and threats, of a company.
Here's a SWOT analysis of Reliance Retail:
STRENGTHS:
2. Extensive Reach:
The company has a widespread presence across India, with stores in
major cities and towns. This extensive network provides a significant advantage
in reaching a large customer base.
1. E-commerce Competition:
The growth of e-commerce platforms poses a challenge to Reliance
Retail's brick-and-mortar stores. The company needs to continually invest in its
online presence to stay competitive.
OPPORTUNITIES:
1. E-commerce Expansion:
There is a significant opportunity for Reliance Retail to expand its e-
commerce operations and leverage its existing customer base to compete in the
online retail market.
2. Technology Integration:
Integrating technology into the retail experience, such as digital
payments, personalized marketing, and omnichannel capabilities, can enhance
customer engagement and loyalty.
3. Diversification:
Reliance Retail can explore opportunities to diversify its product
offerings further and enter new segments to tap into different consumer needs.
4. International Expansion:
The company can explore opportunities for international expansion to tap
into new markets and diversify its revenue streams.
THREATS:
1. Intense Competition:
The retail industry in India is highly competitive, with both established
players and new entrants vying for market share.
2. Economic Uncertainty:
Economic fluctuations and uncertainties can impact consumer spending
patterns, affecting retail sales.
4. Regulatory Changes:
Retailers are subject to various regulations and policy changes that may
impact operations, pricing, or compliance.
3CET REPORT: -
Reliance Retail caters to a wide range of customers across various demographics and
income levels. The company's diverse portfolio of retail formats allows it to serve
different consumer segments. Here are some of the key customer groups of
Reliance Retail
1. Everyday Shoppers:
Reliance Retail's grocery formats, such as Reliance Fresh and Reliance
SMART, attract everyday shoppers looking for a wide range of daily essentials,
fresh produce, and household items.
2. Fashion Enthusiasts:
Formats like Reliance Trends and Trends Women cater to fashion-
conscious consumers seeking affordable and trendy apparel, accessories, and
footwear.
5. Luxury Shoppers:
The Avantra concept by Reliance Trends attracts customers seeking
premium silk sarees, wedding wear, and designer clothing.
1. Tata Group:
Tata Group's retail arm operates under the brand name "Tata CliQ" for
online retail and includes Tata-owned Croma for electronics and Westside for
fashion and lifestyle.
3. Amazon:
As a major e-commerce giant, Amazon India is a significant competitor to
Reliance Retail, especially in the online retail space.
4. Flipkart:
Flipkart, now owned by Walmart, is another major e-commerce player
that competes with Reliance Retail's online offerings.
5. Walmart:
Walmart operates wholesale cash-and-carry stores in India under the
brand "Best Price" and is a significant competitor in the wholesale segment.
7. Spencer's Retail:
Spencer's Retail operates supermarkets, hypermarkets, and convenience
stores, competing with Reliance Retail in multiple formats.
1. Market Competition:
Reliance Retail operates in a highly competitive retail market in India. It
faces competition from established domestic players, international retail chains,
and fast-growing e-commerce platforms. The competitive landscape drives
Reliance Retail to continually innovate, offer unique value propositions, and
maintain a strong brand presence.
3. Economic Factors:
The economic conditions in India, including GDP growth, inflation rates,
and consumer spending, impact the overall retail industry's performance.
Economic fluctuations can influence consumer confidence and spending
patterns, affecting Reliance Retail's sales and profitability.
4. Technological Advancements:
Rapid advancements in technology have transformed the retail landscape.
Embracing digitalization, leveraging data analytics, and offering an
omnichannel shopping experience are critical for Reliance Retail to stay
competitive and meet customer expectations.
9. Technological Competitors:
In the digital age, Reliance Retail competes not only with traditional
retail players but also with major e-commerce and technology giants like
Amazon and Flipkart, who have a significant presence in the online retail space.
TECHNOLOGY USED IN THE COMPANY: -
1. E-commerce Platform:
Reliance Retail operates an online shopping platform that allows
customers to browse and purchase products from the comfort of their homes.
The e-commerce platform incorporates user-friendly interfaces, secure payment
gateways, and personalized product recommendations to enhance the online
shopping experience.
2. Data Analytics:
Reliance Retail employs data analytics to gain valuable insights into
customer behavior, preferences, and trends. Analyzing customer data helps the
company make data-driven decisions, improve inventory management, optimize
pricing, and offer personalized promotions.(used software kiosk, omni channel,
SAP
5. Mobile Apps:
The company offers mobile applications for its various retail formats,
allowing customers to access a wide range of products, receive personalized
offers, and place orders conveniently from their mobile devices. Like
AJIO,trends,jiomart
FORMATS &TARGETS: -
1.FASHION FACRORY
Fashion Factory is Reliance Retail’s multi-brand fashion discount retail
chain that has an eclectic assortment of top international and national
brands in fashion wear, sportswear, luggage and accessories, at
unbeatable prices.
Catering to all fashion needs under one roof, what cuts Fashion Factory from
the rest of the pack is our unique offering of fashion 365 days, 20-70%
discount, and the best of brands.
From trendy western wear to elegant ethnic wear, fashionable casual wear
to comfy sportswear and everything in between, come discover what lies
in store for you at Fashion Factory and enjoy some carefree shopping.
Designed for the fashion-savvy, brand-conscious and discount-seeking
shoppers that encompass pretty much every Indian, you are sure to be
delighted by the value-for-money shopping experience.
Company given daily target to interacting with 20 or more customers
daily and collecting feedback from customers. This target is for that entire
week.
by using survey money questionnaire.
2. TRENDS:
Trends is India’s largest fashion retail chain across India. Trends offers
stylish, high-quality products across Womenswear, Menswear, Kids
wear and fashion accessories through a diversified portfolio of own
brands, national and international brands.
The uniqueness of the store is the core, which delivers "fashion at great
value". Spread over 8,000 – 24,000 square feet of shopping area, each
Trends store is designed to offer a unique shopping experience for the
entire family through wide aisles, coordinated displays and highly trained
fashion professionals offering best in class customer assistance.
Trends customer through www.trends.ajio.com can access a large
collection of fashionable, high quality products at great value delivered at
their door steps.
Company given daily target to interacting with 20 or more customers
daily and collecting feedback from customers. This target is for that entire
week.
by using survey money questionnaire.
3. TRENDS FOOTWEAR
Trends Footwear is an exclusive fashion footwear destination store with a
collection to suit one and all. Trends Footwear houses latest, trendy and
fashionable footwear for men, women and children.
Going as close to the customers as possible and offering relevant and
affordable footwear fashion is core to how we operate at Trends
Footwear. The store offers a footwear shopping experience which is
exciting and products that are trendy and fashionable.
Company given daily target to interacting with 12 or more customers
daily and collecting feedback from customers. This target is for that entire
week.
by using survey money questionnaire.
4.TRENDS:
Trends is India’s largest fashion retail chain across India. Trends offers
stylish, high-quality products across Womenswear, Menswear, Kids wear and
fashion accessories through a diversified portfolio of own brands, national and
international brands.
5.SMART POINT:
Smart Point is a neighbourhood small format store of Reliance Retail
with an objective of “Bade Dukan ki Badi Bachat ab pados mein” (Big
Saving of Big Supermarkets, now near you) for customers.
Our Smart Point stores serve as the last mile delivery hub for all the
digital orders, while also providing easy accessibility for the customers as
they walk-in to the store and shop for their daily needs & services.
Key services and product offerings of Smart Point includes:
6. RELIANCE DIGITAL:
ACHIEVEMENTS: -
During my time in the Reliance Retail Summer Internship Program, I
successfully achieved the set targets by interacting with customers and
collecting their feedback at various retail formats such as Reliance
Trends, Footwear Reliance Digital, Trends, Reliance Fashion Factory,
Smart point, Smart bazaar and more.
Each week, I was assigned different stores with specific daily interaction
targets based on the format. For instance, in Reliance Trends and
Reliance Digital, my daily target was to interact with 20 or more
customers and collect their feedback. In Footwear target is 12 , the target
was 18 or more customers daily, while in Reliance Fashion Factory, it
was 20 or more customers daily.
2. Product Preferences:
The feedback data helped in understanding customer preferences for
various product categories. This information was valuable for the company to
stock the right products and offer a diverse selection that catered to customers'
needs and desires.
3. Shopping Experience:
The data analysis shed light on the shopping experience provided by
different retail formats. It allowed the identification of factors that positively
influenced customers' shopping experiences, such as helpful staff, organized
displays, and a pleasant shopping environment.
4. Customer Behavior:
By studying the responses, patterns of customer behavior were observed.
This included information on peak shopping hours, popular product categories
during specific times, and the frequency of customer visits.
6. Employee-Customer Interaction:
The feedback data also offered insights into the quality of interactions
between employees and customers. This was useful in assessing the
effectiveness of customer service training and identifying areas where staff
could further improve their communication skills.
7. Format Performance:
By comparing feedback data across different retail formats, it was
possible to evaluate the performance of each format in terms of customer
satisfaction and overall experience. This information assisted in refining
strategies for each format to better meet customer expectations.
8. Customer Loyalty:
The feedback data provided an opportunity to gauge customer loyalty and
identify ways to increase customer retention and attract repeat business.
9. Market Perception:
The data analysis helped in understanding how customers perceived the
brand and its different retail formats. Positive perceptions could be reinforced,
while negative perceptions could be addressed through appropriate actions.
METHODOLOGY: -
The methodology used in the Reliance Retail Summer Internship Program
involved a combination of qualitative and quantitative data collection
techniques to gather customer feedback and analyze the results. Here's an
overview of the methodology:
1. Questionnaire Design:
The company provided two types of questionnaires, one for each format.
These questionnaires were designed to capture relevant information about the
customers' shopping experience, satisfaction levels, product preferences, and
suggestions for improvement. The questionnaires were carefully structured to
ensure they covered all the essential aspects of the retail experience.
2. Customer Interactions:
As an intern, you were assigned specific daily interaction targets based on
the format you were working in. These interactions involved engaging with
customers at various retail outlets, such as Reliance Trends, Avantra, Reliance
Digital, and others. During these interactions, you administered the
questionnaires and collected the customers' responses.
3. Data Collection:
The data collection process was carried out in real-time during your
interactions with customers. As customers filled out the questionnaires, you
recorded their responses systematically. The data collection was likely done
through digital means to ensure efficiency and accuracy.
4. Data Management:
After each day's interactions, the collected data was organized and stored
securely. This process involved data cleaning and validation to ensure the
accuracy and consistency of the information.
5. Data Analysis:
Once the data collection phase was complete, the next step was to analyze
the data. This involved applying statistical techniques to identify patterns,
trends, and correlations within the feedback responses. Data analysis tools such
as Excel or specialized software may have been used for this purpose.
7. Strategic Implications:
The findings from the data analysis were then used to inform strategic
decisions. The company could use this information to make targeted
improvements in each retail format, optimize product offerings, enhance
customer service, and tailor marketing strategies to meet customer expectations
better.
8. Continuous Improvement:
The data collected and analyzed during the internship also provided a
basis for ongoing evaluation and improvement. The company could use the
feedback to implement changes and monitor the impact of these changes over
time.
CONCLUSION: -
In conclusion, the Reliance Retail Summer Internship Program offered
me a valuable and comprehensive learning experience in the modern
retail environment.
Throughout the internship, I had the opportunity to work across various
retail formats, including Reliance Trends, Footwear Reliance Digital,
Reliance Fashion Factory, Smart point, Smart bazaar and more.
By interacting with customers and collecting their feedback through well-
designed questionnaires, I successfully achieved the set targets for each
format.
Overall, I am grateful for the opportunity to be a part of the Reliance
Retail Summer Internship Program. The knowledge and experiences
gained during this internship have not only allowed me to meet the
company's targets but have also provided a solid foundation for my future
endeavors in the retail sector.
BIBILOGRAPHY: -
www.reliance retail.com
www.wikipedia.org
www.google.com
K L UNIVERSITY
EVALUATION OF THE EXECUTIVE TRAINING
FINAL REPORT
SIP -2023
Remarks, if any
Place :
Date :
Signature :
Name of the Evaluator :
Designation :
SIP Location : NELLORE
K L UNIVERSITY
EVALUATION OF EXECUTIVE TRAINING
FINAL PRESENTATION
SIP-2023
University ID No. : 2201510007 SIP Location : NELLORE
Remarks, if any
Place :
Date :
Signature :
Name of the Evaluator :
Designation :
SIP Location : NELLORE
K L UNIVERSITY
EVALUATION OF EXECUTIVE TRAINING
CAMPUS PRESENTATION
SIP-2023
University ID No. : 2201510007 SIP Location : NELLORE
Remarks, if any
Place :
Date :
Signature :
Name of the Evaluator :
Designation :
SIP Location : NELLORE
K L University
K L University Business School
Summer Internship 2023 - Final Evaluation
Company Guide's Evaluation Form (Report)
S ID Number Name of the SIP Compan Do G& Co QR PEI RU Co
N Compan T n (10 (20 (10 G
Student y Guide E
o y (30) (25) ) ) ) (5)
Reliance Vimal D
1 2201510007 PRAVEEN R
Retail Patel
Signature of Company
Guide Signature of Faculty Guide
Legends
Achievement of targets: Targets assigned; tasks worked on; desired
AoT (30)
outcome; timely completion; variance, if any.
Strategies applied: Understanding of the significance of the work; reporting
SA (30)
results of the efforts.
Performance: Training effectiveness; carrying out jobs entrusted; success of
Per (20) the efforts; result orientation; delivery of results; reliability; resourcefulness;
team work.
Overcoming Limitation: Effective ways of overcoming constraints,
OL (10)
problems.
Attitude and Conduct: Interpersonal skills; punctuality, discipline and
A&C (10)
sincerity.
DoE Date of Evaluation