retail literature review_121203
TRANSCRIPT
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RETAIL MARKETING
Literature Review
On
Study of retail mix of BIBA and ALL stores for
plus size fashion apparels
Submitted On: 18thJuly, 2013
Submitted By:
Ms. Anshita Shrivastava
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Literature Review:
Waistlines above 36 inches or above a US size 14 are considered part of plus-size clothing.
Up till now, heavier customers resorted to neighbourhood tailors or stores abroad for their
needs.The plus-size clothing industry in the western countries has shown a tremendous rise.
In 1960s, the average size of women in America was 8 while today it is 14[1].
Over 2/3 of Americans are overweight or obese, compared with 46% in the early 1970.s,
according to the American Obesity Association in Washington D.C. Sixty two percent of
American women wear a size 14 or larger. The plus-size clothing industry reached
approximately $32 billion in sales in 2005, and averages about a 10% growth rate each year
.The plus-size womens apparel category is expected to grow as the number of women ages
45 years old and over, continually increases. The prevalence of obesity among women has
differed significantly by racial and ethnic group. In 20012004, one-half of non-Hispanic
black women were obese compared with nearly one-third of non-Hispanic white women [2].
In Europe, England had the sixth highest level of obesity according to the International
Obesity Taskforce. The increased weight of Greek women can be attributed to a more
sedentary lifestyle and increased diet of processed foods rich in fat, salt, and sugar.
In India, womens waists grow comparably to the economy; urban areas have an overweight
population of 30%, and western marketers are securing a place in the growing $20 billion
plus-size apparel industry (Lahiri, 2006). Indian women are more increasingly purchasing
plus-size western apparel, specifically professional women in need of larger size suiting.
In addition to a growing market, plus-size retailers reap higher profits because plus-size
clothing averages an 8-10% higher mark up than non plus-size apparel, and it has less
frequent sale promotions [3].
Plus size apparel entered the Indian market in the early 90s and is growing slowly since then.
This sector has a huge potential. More than 12.1 percent of males and more than 17 per cent
females are overweight, according to the Third National Family Health Survey 2006. The
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domestic plus size market in India was valued at Rs. 122,400 crore in 2007, as per the India
Apparel Report 2008[4].
According to management consultancy firm Technopak, the plus size market in India, thoughin a very nascent stage, is worth almost Rs 11,000 crore and is on an upward trajectory with
an estimated growth rate of 25% per annum. According to a Technopak analysis, the demand
for fashionable plus-size apparel in India has accelerated and quite a few players like aLL (by
Pantaloons), Mustard and Revolution, are competing in the RTW (ready-to-wear) plus-size
opportunity. Other well-known private retail brands in the category include Plus S, X'Mex ,
Gia by Westside and Just Your Size, for both men and women[5].
Pantaloon brings to you 'aLL- A LITTLE LARGER', the first exclusive brand dedicated to
the fashion needs of plus size men and women in the country. A specialty store with separate
clothing brand, aLL, in Feb 2005, for its large customers ALL houses a wide range of
ready to wear fashionable western and ethnic wear and accessories that are otherwise not
easily available for the plus size customers. All is designed keeping in mind the fashion needs
of plus size men and women, who are fashion conscious and are looking for a dedicated
collection.
Indias leading plus-size apparel retailer with a pan-India presence, aLL offers a wide range
of ready to wear fashionable western and ethnic wear and accessories that are otherwise
not easily available for the plus size consumer. It operates through 19 stand-alone and 49 cut-
in stores across 29 cities in India, with the average store being 1,000 sq ft. It is present in a
largely untapped marketthe potential plus size market in the country is in
the range of Rs 13,000Rs 15,000 Cr.[6]
Biba, in Punjabi means a young, pretty girl or an endearment. Founded in 1988, Biba was the
brainchild of fashion visionary Meena Bindra. Biba specializes in ethnic garments with a
modern and contemporary look .We keep changing our designs with the trends retaining our
roots which are steeped in Indian traditional crafts like hand block printing with vegetable
dyes, exquisite hand embroideries and many more with the use of pure fabrics like silks,
chiffons, georgettes etc in vibrant-to-soothing shades. The accent here is on fashionable yet
affordable designer clothing ranging from medium-to-plus sizes which has won a large &
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loyal client base. it is available in over 100 retail outlets across 25 cities including 35 stand-
alone stores, 51 multi-brand outlets and 20 traditional retail establishments. The house
follows the shop-in-shop model for all and also retails its products through major chains like
shopper's stop, Pantaloon,Lifestyle and Indiabull store. Biba Apparels Pvt. Ltd. is planning
to open a total of 200 stand-alone stores by 2012.
Popular retail initiatives like the SKD (salwar-kameez-dupatta) exchange programme,
Bollywood merchandising in 2002 and the movie gallery. A breakthrough for the brand came
in during the late 1990s when Kishore Biyani approached the brand for a movie partnership
with filmNa Tum Jano Na Hum. Post that came in a series of movies including the likes of
Devdas, BagbhanThe core strength of Biba is that it is well designed garments at affordable
price points, without compromising on quality. Biba is recognized as the only national brand
for womensethnic wear [7].
This chain pioneered large-size clothing in this segment a decade earlier. The category is
much matured now and has a large dedicated customer base for it. It has added sizes up to 46
inches in mix-n-match section. This category contributes about 10 per cent to our total
revenue, Bibas section of pre-matched salwar-kameez sets already has 42, 44 and 46 inch
sizes. The chain is growing at 35-40 per cent every year and the plus-size category is keeping
pace with that [8].
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References:
1.http://www.entrepreneurindia.com/article/starting-a-business/business-opportunity/The-
business-of-plus-size-clothing-269/
2. WANG, MENG, M.S. The U.S. Plus-size Female Consumer: Self-Perception, Clothing
Involvement, and the Importance of Store Attributes. (2007)
http://libres.uncg.edu/ir/uncg/f/umi-uncg-1449.pdf
3. Cole Larinda , The Effects of Visual and Written Fit Information on Plus -size Womens
Perceived Fit Risk, Purchase Intention, and Loyalty Intentions in Internet Apparel Shopping
http://scholar.lib.vt.edu/theses/available/etd/302200913256/unrestricted/LarindaColeThesis2.
pdf
4.http://www.smetimes.in/smetimes/in-depth/2008/Dec/03/exports-slump-indian-textile-
businesses-should-go-domestic.html
5.http://articles.timesofindia.indiatimes.com/2012-07-15/special-report/32684301_1_size-
zero-size-market-technopak
6. http://www.futuregroup.in/pdf/Investor-Presentation.pdf
7.http://indiaretailreview.wordpress.com/2013/05/29/the-story-of-biba-brand-for-ethnic-
indian-and-indian-fusion-wear/
8.http://www.business-standard.com/article/companies/stores-find-pluses-in-plus-size-
clothes-brands-realise-potential-112011600044_1.html
http://www.entrepreneurindia.com/article/starting-a-business/business-opportunity/The-business-of-plus-size-clothing-269/http://www.entrepreneurindia.com/article/starting-a-business/business-opportunity/The-business-of-plus-size-clothing-269/http://libres.uncg.edu/ir/uncg/f/umi-uncg-1449.pdfhttp://www.futuregroup.in/pdf/Investor-Presentation.pdfhttp://indiaretailreview.wordpress.com/2013/05/29/the-story-of-biba-brand-for-ethnic-indian-and-indian-fusion-wear/http://indiaretailreview.wordpress.com/2013/05/29/the-story-of-biba-brand-for-ethnic-indian-and-indian-fusion-wear/http://www.business-standard.com/article/companies/stores-find-pluses-in-plus-size-clothes-brands-realise-potential-112011600044_1.htmlhttp://www.business-standard.com/article/companies/stores-find-pluses-in-plus-size-clothes-brands-realise-potential-112011600044_1.htmlhttp://www.business-standard.com/article/companies/stores-find-pluses-in-plus-size-clothes-brands-realise-potential-112011600044_1.htmlhttp://www.business-standard.com/article/companies/stores-find-pluses-in-plus-size-clothes-brands-realise-potential-112011600044_1.htmlhttp://indiaretailreview.wordpress.com/2013/05/29/the-story-of-biba-brand-for-ethnic-indian-and-indian-fusion-wear/http://indiaretailreview.wordpress.com/2013/05/29/the-story-of-biba-brand-for-ethnic-indian-and-indian-fusion-wear/http://www.futuregroup.in/pdf/Investor-Presentation.pdfhttp://libres.uncg.edu/ir/uncg/f/umi-uncg-1449.pdfhttp://www.entrepreneurindia.com/article/starting-a-business/business-opportunity/The-business-of-plus-size-clothing-269/http://www.entrepreneurindia.com/article/starting-a-business/business-opportunity/The-business-of-plus-size-clothing-269/