Documente Academic
Documente Profesional
Documente Cultură
ON
“WILLS LIFESTYLE”
- Based on a Comparative Study
Conducted in the C.P. Market
SESSION 2007-2010
Submitted to
Prepared by
MS. SUMEDHA DUTTA ROOPESH
KUMAR
(Project Guide)
0191471707
1
2
3
TO WHOM SO EVER IT MAY CONCERN
This is to certify that the project work title “ WILLS LIFESTYLE BASED
ON A COMPARATIVE STUDY ” made by ROOPESH KUMAR
(0191471707) is an authentic work carried out by him under my
guidance and supervision in the Marketing of Maharaja Agrasen
Institute Of Management Studies.
The report submitted has been found satisfactory for the partial
fulfillment of the degree of BBA.
(Project Guide)
DECLARATION
4
The project titled “ WILLS LIFESTYLE BASED ON A COMPARATIVE
STUDY ” being submitted by ROOPESH KUMAR in the partial fulfillment
of requirements for the award of BBA degree from Maharaja Agrasen
Institute Of Management Studies, affiliated to GGS Indraprastha
University, Delhi.
I, anywhere else for any other degree or diploma have not submitted
this work.
All sources of information and help are authentic and have been
acknowledgement in the report.
ROOPESH KUMAR
0191471707
ACKNOWLEDGEMENT
5
Nothing concrete can be achieved an optimal combination of
inspiration and perspiration. No work can be accomplished without the
guidance of the experts. It only the critiques from ingenious
intellectuals that help transform a product into a quality product
6
TABLE OF CONTENTS
OBJECTIVE OF STUDY
7
• To study the about Wills Lifestyle brand.
Lifestyle brand.
INTRODUCTION
8
PURPOSE & IMPORTANCE
It is vital for every organization to ‘know’ its consumers inside
out and act accordingly & timely to the ever changing trends
of the market. Along with this know-how of consumers, it is
also crucial to be acquainted with the competitors. The report
deals with gaining an insight into the choices and preferences
of the customers of high-end apparel brands. It delves into
knowing what the expectations of a consumer from a brand
(or product) are and what leads him into making a purchase
or into choosing a brand over another.
This project undertaken is an attempt to measure the brand
effectiveness of Wills Lifestyle, based on a comparative study
conducted in the Connaught place market. This study takes
into account both the consumers and the competitors of the
brand.
LIMITATIONS
9
The study conducted for the brand has been undertaken
in the Connaught Place Market. All the surveys conducted
as well as the showrooms of the competing brands visited
were limited to this market.
COMPANY PROFILE
10
ITC Lifestyle Retailing Business Division made foray into the
Rs. 200 billion ready to wear apparel industry with the launch
of its Wills Sport range of internationally-styled premium
relaxed wear for men & women in the year 2000. The
company’s first exclusive store “Wills Lifestyle” was opened in
South Extension in Delhi in July 2000.
The WLS chain of exclusive stores later expanded its range to
include Wills Classic formal wear in 2002 and Wills Clublife
evening wear in 2003. Later in 2006, WLS became the title
partner of the premium fashion event “India Fashion Week”.
This association has helped the brand grow stronger and also
make the product portfolio richer.
The lifestyle retailing business division also caters to the mid-
segment market through its brands John Players and Miss
Players.
HISTORY
THE REVOLUTION
11
The Connaught Place Market
13
Comparative Study of Brands
“Poor firms ignore their competitors; Average firms copy their
competitors; Winning firms lead their competitors.”
14
customer needs and offer similar products or services, close
substitutes or brands to them”.
16
Methodology
FINDINGS
20
Van Heusen had the
highest percentage at
Rank 1 with 19% and
a very close 18% for
Rank 5 & ‘No
Opinion’.
21
Allen Solly shows a
consistent trend all
through with a
highest of 19% for
Rank 3 & 4; 15% for
rank 5 & 6; and 14%
& 12% for rank 2 &
‘no opinion’
respectively.
22
the most favored factors for that particular brand and the
ones with the highest mean are the least favored.
23
The one word definitions for the brands were as follows:
Benetton – Colors, Casuals, Funky, Cool.
Wills Lifestyle – Fashionable, Stylish/Trendy,
Classy, Quality, Expensive.
Levis – Jeans/Denims, Awesome, Comfort/Casual.
Van Heusen – Formals, Elegance, Good Fits, Style.
Louis Philippe – Official Wear, Class, Formals.
Allen Solly – Formals, Fridays, Quality, Affordable.
25
On the other hand, Wills Lifestyle has 29% of the people
recognizing it as a brand of global eminence. It shows that the
brand’s image & its offering goes well with the audience and
in turn acts in favor of it.
Allen Solly
6%
Louis Phillippe
Benetton
18%
22%
Van Heusen
12%
Wills Lifestyle
18%
Levis
24%
26
According to the responses obtained through the survey, four
people selected Allen Solly as the brand they most frequently
shop from; Eleven people chose Benetton; Ten people Levis;
Three Levis; Four Van Heusen; and Ten Wills Lifestyle. We can
see that as compared to the formal wear brands, Wills
Lifestyle is much ahead with 24% as compared to 10%, 9% &
7% of Allen Solly, Van Heusen & Louis Philippe respectively.
27
that the customer service provided at Benetton was not up to
mark and should be improved.
For Wills, many people felt the pinch of the prices. Apart from
that, many females felt that larger sizes in women apparel
were what Wills was lacking in. A few respondents also
mentioned the need for outer-branding on the garments of
Wills.
SELF OBSERVATION
28
o Displays – Huge and catchy displays are especially
visible at the first floor. The displays are full of colors
& show happy expressions on the faces of the
models.
o Size – relatively small store with approximately 2100
sq. ft. of selling space.
Layout
o Mannequins – A lot of display has been done through
the use of mannequins. Six female mannequins &
seven male mannequins have been used.
o Fixtures –
Market Activity
o Promos – Assured voucher of Rs. 500 on purchases
worth Rs. 3999. Started on 29th of April.
o Benetton has come up with its new store in inner
circle, Block E.
29
Price Points
o Casuals – Rs. 299 (t-shirt) to Rs. 4999 (jacket)
VAN HEUSEN
Layout
o Mannequins – 4 for the main window display along
with 3 mannequins in the middle of the store which is
a very unique mannequin display as compared to the
other brands.
30
Separate
section for
Shoes,
Handbags
& Stoles.
Mannequin
display in
the middle
Market Activity of the
store
o Promos – APRIL: “Exciting offer on
catches
women’s bags & shoes. Buy any item attention
and get accessories worth 50% of the at Van
value free”. Heusen
Women
MAY: “We Win, You Celebrate.” Buy
merchandise worth Rs. 3000 & get
accessories worth Rs. 1500 free.”
ALLEN SOLLY
Layout
o No. of mannequins – Since the store is not a very big
one, there only approximately four to five
mannequins.
o Fixtures – Low height tables are used for displaying
selected styles in tops. White wooden panels are
used at the top for stacking with bars for hangs
below them.
32
Stacks &
hangs with
clear color
blocking
Market Activity (theme
‘Collection
o New categories – Allen Solly Youth,
Metal’)
which was launched around a year
back is the only new category, with
new styles being introduced in it at lower
& affordable price points.
Price Points
o Allen Solly Youth priced at Rs. 399 to Rs. 1499.
33
o Accessories – Rs. 109 (socks) to Rs. 2500 (handbags)
Limitations:
34
• The tracking is done from 3 p.m. to 8 p.m. only
35
RECOMMENDATIONS
From the study of the other brands along with the experience
of working at the store, a few points were identified which are
mentioned here. An attempt has been made to come up with
a few suggestions which would help in increasing the
effectiveness of the store as well as the brand.
36
• SIZES – Waiting for sizes becomes a turn-off for the
customer if it takes too much time. It sometimes results
in the customer walking out of the store.
37
INITIATIVES & CONTRIBUTIONS
38
QUESTIONAIRES
Study on the High-End Apparel Brands Present in
CP Market
Name: Age:
Gender: Occupation:
39
2. What attracts you to the following stores?
(For each brand, please give a ranking of 1 to
6 to the mentioned parameters.)
Brand
Image
Look of
the Store
Product
Quality
Styles /
Variety
Customer
Service
Price
40
3. The first word that comes to your mind
when you think of:
a. Benetton
_________________________________
b. Wills Lifestyle
_________________________________
c. Levi’s
_________________________________
d. Van Heusen
_________________________________
e. Louis Philippe
_________________________________
f. Allen Solly
_________________________________
41
4. Do you associate any of the brands with
having a global image? (Please Tick)
a. Benetton ____
b. Wills Lifestyle ____
c. Levi’s ____
d. Van Heusen ____
e. Louis Philippe ____
f. Allen Solly ____
Product
Quality
42
Custom
er
Service
Styles /
Designs
Look of
the
Store
Thank You!
REFERENCES
Books
43
• Levy & Weitz – “Retailing Management”, 6th Edition,
McGraw Hill International Edition
• Churchill & Iacobucci – “Marketing Research”, 9th
Edition
Articles
• “Challenges & Opportunities of Organized Retailing in
India”. Journal of Marketing & Communication,
September – December 2007 Vol. 3 Issue 2.
Websites
• http://www.itcportal.com
• http://www.willslifestyle.com
• http://www.vanheusen.com
• http://www.benetton.com
44