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Report of Live Project ( Market
Research )at K-lounge Store , Frazer
           Road , Patna
• Live Project handled by :-
1.     Ajeet Kumar
2.     Divya Singh
3.     Bandana Shekhar
4.     Abhishek Anand
5.     Arvind Kumar
In guidance of Mr.Toni Sharma Assistant Professor
, NIFT Patna .
.
• Sample Size :- 50
• Place of survey :- Inside K-lounge Store
• Sampling Technique :- Judgmental
• Timing of Survey :- 4:00 PM – 7:30 PM
• Questionnaire were being filled by 5 NIFT MFM
  -2nd semester students (3boys and 2 girls).
• Every Question was asked to respondent by
  students once they have completed shopping .
• Statistical Tools used :- Frequency Distribution
  , Cross-tab analysis , Chi-square analysis .
Sex of Respondent


26%



                  74%     Male
                          female
Age Basket of Respondent




                                12%              20%


                      30%                                                        15-20
                                                   28%                           21-25
                                                                                 26-35
                                                                                 35-45




Though the pie chart reveal approximately equi-distribution of Age basket but it still skewed
toward age basket 21-35
As sample is being taken
from the customer visited
the store ; equi-distributed
customer-occupation pie-
chart is an indication that
store has attracted
customers from different
section of society but at
the same time it also
indicates tough time in
coming future with
absence of a niche for itself
Occasion of
purchase of
fashion product




  Customer
  belonging to 15-
  25 year age group
  do purchase any
  day they feel
  comfortable with
  little specification
  while customer of
  age 25 and above
  preferred to buy
  during festivals
Customer Satisfaction




                                                                    Very Satisfied
                                 0%
                                  4%
                      26%
                                                                    Satisfied
                                              45%
                      25%                                           Neither satisfied nor
                                                                    dissatisfied
                                                                    Dissatisfied

                                                                    Very Dissatisfied



As store is new and brand has not yet achieved expected recognition among customer brand
has less satisfied customer so brand needs to take strategic decision such as “promise and
deliver consistently “ so as to retain customer by offering total customer satisfaction ..
Rate Quality




                               4%      18%
                       16%
                                                                   Very Good
                                                                   Good
                     30%                     32%
                                                                   Neither Good Nor Bad
                                                                   Bad
                                                                   Very Bad



Quality (colors/fabric/ stitch etc.) is being reported competitive enough as 30% respondent
rated it good and 18% rated it very good while 32% non-positive /non-negative response
confirmed about POP being attained by brand offerings .
Rate Fit of K-lounge products




                           10% 2%
                                           30%
                                                                    Bad
                                                                    Neither Good Nor Bad
                     58%
                                                                    Good
                                                                    Very Good




58% respondent rated Fit of K-lounge good which can be further used as POD(Point of
difference) most importantly 10% rated it very good
Rate Price Of K-lounge Products




                             8%     8%


                 40%                                                 Bad
                                              44%
                                                                     Neither Good Nor Bad
                                                                     Good
                                                                     Very good




As 40% respondent rated price comparatively good while other 44% do not find it POD
(point of difference ) for K-LOUNGE but it signifies that brand/store attains POP (point of
parity ) in terms of price.
Rate Style offered by K-lounge




                           8% 2%

                                          44%                  Very Bad
                 44%
                                                               Neither Good Nor Bad
                                                               Good
                                                               Very Good




As 44% respondent rated style comparatively good while other 44% do not find it POD
(point of difference ) for K-LOUNGE but it signifies that brand/store attains POP (point of
parity ) in terms of style while 8 % rated it very good ..so product development and careful
merchandise selection can result in better style collection which can be used by store as
POD. .
Rate Variety offered by K-lounge




                             4% 6%
                34%
                                                                  Bad
                                          56%                     Neither good nor bad
                                                                  good
                                                                  Very good




As only 34% respondent rated variety comparatively good while other 56% do not find it
POD (point of difference ) for K-LOUNGE but indicates narrow merchandise assortment so
store need to decipher reasons and rational behind offering narrow collection . And should
look to introduce few more variety
Rate Brand Image




                  30%


                                        70%


                                                                     Neither Good Nor Bad
                                                                     Good




As only 30% respondent rated the brand good while 70% were undecided . So brand building
requires more focus and attention . During survey it was observed that people /respondents
were knowing brand ambassador for LAWMAN only (that too only 20%) . So it is
recommended to hire well known Indian faces with which consumer can associate
themselves easily .
Rate Availability of K-lounge Product




                        18%       6%

                                              36%                    Very bad
                    40%                                              bad
                                                                     Neither good nor bad
                                                                     good




Respondent were not satisfied in-fact dissatisfied with the availability of brand (limited no.
of stores) as stats also support this fact as only 18% respondent rated it as good …
very few respondent
were skeptical about
recommending the
brand to their
friends. This is a big
+ive sign for the
brand & store
Above series of Crosstab study of Satisfied / very satisfied / dissatisfied customer with
different KPI (Key performance indicator) reveals following 3 important qualitative
information :-
• Company has offered satisfaction to its customer with better Fit & style and affordable
    price but customer loyalty index measurement will augment this generalized hypothesis
    .

•   But Company seems to loss the ground in the other key aspects Like Availability / Brand
    Image , Variety { narrow assortment} (it can be due to either poor/improper
    Merchandise planning or poor/improper merchandise display ).



•   Company needs to come up with new promotional strategy so as to reinforce its brand
    image in consumer`s mind and should put efforts to establish good customer connect
    with appropriate celebrity endorsement .
Satisfaction
level is higher
in respondent
belonging in
age Group 21-
35 years
Brand Recoginition Of KILLER



             4%
      16%

                            54%      1st
26%
                                     2nd
                                     3rd
                                     4th
Brand Recognition of Lawman




          12%      12%


30%                                 1st
                         46%        2nd
                                    3rd
                                    4th
Brand recognition of Integrity




      12%         22%

                                  1st
                        18%
48%                               2nd
                                  3rd
                                  4th
Brand Recognition of Easies




                4%
                       16%

                             8%
                                    1st
72%                                 2nd
                                    3rd
                                    4th
Highest Recognition   Brand Recognition Pyramid

                                 Killer(54%)

                               Lawman(46%)

                               Integrity(48%)

                                Easies(72%)

 Lowest Recognition
Brand Recognition pyramid of respondent belonging from
Highest Recognition  15-20 year age group



                                     Killer

                                   Lawman

                                  Integrity

                                    Easies
Lowest Recognition
Brand Recognition pyramid of respondent belonging from
Highest Recognition
                     21-25 year age group


                                Integrity

                                Lawman

                                  Killer

                                 Easies

Lowest Recognition
Brand Recognition pyramid of respondent belonging from
Highest Recognition
                     26-30 year age group


                                  Killer

                                Lawman

                                Integrity

                                 Easies

Lowest Recognition
Brand Recognition pyramid of respondent belonging from
Highest Recognition
                     31-35 year age group


                                  Killer

                                Lawman

                                Integrity

                                 Easies

Lowest Recognition
Brand Recognition pyramid of respondent belonging from
Highest Recognition
                     36-40 year age group


                                  Killer

                                Integrity

                                Lawman

                                 Easies

Lowest Recognition
• It has been observed that brand recognition for all the
  4 brands of k-lounge is consistent across all age-basket
  considered with a little deviation in age basket 21-25 &
  36-40.
• Most of the Respondent of Age – Basket 21-25 named
  Integrity 1st showing its being top of mind while
  strangely Killer appeared at 3rd time .

• Similarly Lawman was named 3rd by most of the
  respondent of age group 36-40 while for other age-
  grouped it appeared as 2nd consistently .
Questionnaire
    used

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K lounge patna report of market research on opening

  • 1. Report of Live Project ( Market Research )at K-lounge Store , Frazer Road , Patna
  • 2. • Live Project handled by :- 1. Ajeet Kumar 2. Divya Singh 3. Bandana Shekhar 4. Abhishek Anand 5. Arvind Kumar In guidance of Mr.Toni Sharma Assistant Professor , NIFT Patna . .
  • 3. • Sample Size :- 50 • Place of survey :- Inside K-lounge Store • Sampling Technique :- Judgmental • Timing of Survey :- 4:00 PM – 7:30 PM • Questionnaire were being filled by 5 NIFT MFM -2nd semester students (3boys and 2 girls). • Every Question was asked to respondent by students once they have completed shopping . • Statistical Tools used :- Frequency Distribution , Cross-tab analysis , Chi-square analysis .
  • 4. Sex of Respondent 26% 74% Male female
  • 5. Age Basket of Respondent 12% 20% 30% 15-20 28% 21-25 26-35 35-45 Though the pie chart reveal approximately equi-distribution of Age basket but it still skewed toward age basket 21-35
  • 6. As sample is being taken from the customer visited the store ; equi-distributed customer-occupation pie- chart is an indication that store has attracted customers from different section of society but at the same time it also indicates tough time in coming future with absence of a niche for itself
  • 7. Occasion of purchase of fashion product Customer belonging to 15- 25 year age group do purchase any day they feel comfortable with little specification while customer of age 25 and above preferred to buy during festivals
  • 8. Customer Satisfaction Very Satisfied 0% 4% 26% Satisfied 45% 25% Neither satisfied nor dissatisfied Dissatisfied Very Dissatisfied As store is new and brand has not yet achieved expected recognition among customer brand has less satisfied customer so brand needs to take strategic decision such as “promise and deliver consistently “ so as to retain customer by offering total customer satisfaction ..
  • 9. Rate Quality 4% 18% 16% Very Good Good 30% 32% Neither Good Nor Bad Bad Very Bad Quality (colors/fabric/ stitch etc.) is being reported competitive enough as 30% respondent rated it good and 18% rated it very good while 32% non-positive /non-negative response confirmed about POP being attained by brand offerings .
  • 10. Rate Fit of K-lounge products 10% 2% 30% Bad Neither Good Nor Bad 58% Good Very Good 58% respondent rated Fit of K-lounge good which can be further used as POD(Point of difference) most importantly 10% rated it very good
  • 11. Rate Price Of K-lounge Products 8% 8% 40% Bad 44% Neither Good Nor Bad Good Very good As 40% respondent rated price comparatively good while other 44% do not find it POD (point of difference ) for K-LOUNGE but it signifies that brand/store attains POP (point of parity ) in terms of price.
  • 12. Rate Style offered by K-lounge 8% 2% 44% Very Bad 44% Neither Good Nor Bad Good Very Good As 44% respondent rated style comparatively good while other 44% do not find it POD (point of difference ) for K-LOUNGE but it signifies that brand/store attains POP (point of parity ) in terms of style while 8 % rated it very good ..so product development and careful merchandise selection can result in better style collection which can be used by store as POD. .
  • 13. Rate Variety offered by K-lounge 4% 6% 34% Bad 56% Neither good nor bad good Very good As only 34% respondent rated variety comparatively good while other 56% do not find it POD (point of difference ) for K-LOUNGE but indicates narrow merchandise assortment so store need to decipher reasons and rational behind offering narrow collection . And should look to introduce few more variety
  • 14. Rate Brand Image 30% 70% Neither Good Nor Bad Good As only 30% respondent rated the brand good while 70% were undecided . So brand building requires more focus and attention . During survey it was observed that people /respondents were knowing brand ambassador for LAWMAN only (that too only 20%) . So it is recommended to hire well known Indian faces with which consumer can associate themselves easily .
  • 15. Rate Availability of K-lounge Product 18% 6% 36% Very bad 40% bad Neither good nor bad good Respondent were not satisfied in-fact dissatisfied with the availability of brand (limited no. of stores) as stats also support this fact as only 18% respondent rated it as good …
  • 16. very few respondent were skeptical about recommending the brand to their friends. This is a big +ive sign for the brand & store
  • 17.
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  • 24. Above series of Crosstab study of Satisfied / very satisfied / dissatisfied customer with different KPI (Key performance indicator) reveals following 3 important qualitative information :- • Company has offered satisfaction to its customer with better Fit & style and affordable price but customer loyalty index measurement will augment this generalized hypothesis . • But Company seems to loss the ground in the other key aspects Like Availability / Brand Image , Variety { narrow assortment} (it can be due to either poor/improper Merchandise planning or poor/improper merchandise display ). • Company needs to come up with new promotional strategy so as to reinforce its brand image in consumer`s mind and should put efforts to establish good customer connect with appropriate celebrity endorsement .
  • 25. Satisfaction level is higher in respondent belonging in age Group 21- 35 years
  • 26. Brand Recoginition Of KILLER 4% 16% 54% 1st 26% 2nd 3rd 4th
  • 27. Brand Recognition of Lawman 12% 12% 30% 1st 46% 2nd 3rd 4th
  • 28. Brand recognition of Integrity 12% 22% 1st 18% 48% 2nd 3rd 4th
  • 29. Brand Recognition of Easies 4% 16% 8% 1st 72% 2nd 3rd 4th
  • 30. Highest Recognition Brand Recognition Pyramid Killer(54%) Lawman(46%) Integrity(48%) Easies(72%) Lowest Recognition
  • 31.
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  • 35. Brand Recognition pyramid of respondent belonging from Highest Recognition 15-20 year age group Killer Lawman Integrity Easies Lowest Recognition
  • 36. Brand Recognition pyramid of respondent belonging from Highest Recognition 21-25 year age group Integrity Lawman Killer Easies Lowest Recognition
  • 37. Brand Recognition pyramid of respondent belonging from Highest Recognition 26-30 year age group Killer Lawman Integrity Easies Lowest Recognition
  • 38. Brand Recognition pyramid of respondent belonging from Highest Recognition 31-35 year age group Killer Lawman Integrity Easies Lowest Recognition
  • 39. Brand Recognition pyramid of respondent belonging from Highest Recognition 36-40 year age group Killer Integrity Lawman Easies Lowest Recognition
  • 40. • It has been observed that brand recognition for all the 4 brands of k-lounge is consistent across all age-basket considered with a little deviation in age basket 21-25 & 36-40. • Most of the Respondent of Age – Basket 21-25 named Integrity 1st showing its being top of mind while strangely Killer appeared at 3rd time . • Similarly Lawman was named 3rd by most of the respondent of age group 36-40 while for other age- grouped it appeared as 2nd consistently .