18-04-2011, 10:47 AM
Submitted By:
Pravesh Marothi
Om Kumar
Pradhuman Sharma
Pankaj Singh
Gaurav Dhaka
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PANTALOON’S PROFILE:
Pantaloon Retail (India) Limited is India's leading retailer that operates multiple retail formats in both the value and lifestyle segment. Pantaloon has ushered a retail revolution in India and its founder Kishore Biyani is known as India's "King of Retail". Pantaloon's headquarter is in Mumbai(Bombay), the company operates over 12 million square feet of retail space, has over 1000 stores across 71 cities in India and employees over 30,000 people.
The company’s leading formats include Pantaloons, a chain of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, blends the look, touch and feel of Indian bazaars with aspects of modern retail like choice, convenience and quality and Central, a chain of seamless destination malls. Some of its other formats include Brand Factory, Blue Sky, aLL, Top 10 and Star and Sitara.
Future Value Retail Limited is a wholly owned subsidiary of Pantaloon Retail (India) Limited. This entity has been created keeping in mind the growth and the current size of the company’s value retail business, led by its format divisions, Big Bazaar and Food Bazaar.
The company operates 120 Big Bazaar stores, 170 Food Bazaar stores, among other formats, in over 70 cities across the country, covering an operational retail space of over 6 million square feet. As a focussed entity driving the growth of the group's value retail business, Future Value Retail Limited will continue to deliver more value to its customers, supply partners, stakeholders and communities across the country and shape the growth of modern retail in India.
A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a large-format home solutions store, Collection i, selling home furniture products and eZone focussed on catering to the consumer electronics segment.
Pantaloon Retail was recently awarded the International Retailer of the Year 2007 by the US-based National Retail Federation (NRF) and the Emerging Market Retailer of the Year 2007 at the World Retail Congress held in Barcelona.
Pantaloon Retail is the flagship company of Future Group, a business group catering to the entire Indian consumption space.
FUTURE GROUP
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics.
Led by its flagship enterprise, Pantaloon Retail, the group operates over 12 million square feet of retail space in 71 cities and towns and 65 rural locations across India. Headquartered in Mumbai (Bombay), Pantaloon Retail employs around 30,000 people and is listed on the Indian stock exchanges. The company follows a multi-format retail strategy that captures almost the entire consumption basket of Indian customers. In the lifestyle segment, the group operates Pantaloons, a fashion retail chain and Central, a chain of seamless malls. In the value segment, its marquee brand, Big Bazaar is a hypermarket format that combines the look, touch and feel of Indian bazaars with the choice and convenience of modern retail.
In 2008, Big Bazaar opened its 100th store, marking the fastest ever organic expansion of a hypermarket. The first set of Big Bazaar stores opened in 2001 in Kolkata, Hyderabad and Bangalore.
Future Capital Holdings, the group’s financial arm provides investment advisory to assets worth over $1 billion that are being invested in consumer brands and companies, real estate, hotels and logistics. It also operates a consumer finance arm with branches in 150 locations.
Other group companies include, Future Generali, the group’s insurance venture in partnership with Italy’s Generali Group, Future Brands, a brand development and IPR company, Future Logistics, providing logistics and distribution solutions to group companies and business partners and Future Media, a retail media initiative.
The group’s presence in Leisure & Entertainment segment is led through, Mumbai-based listed company Galaxy Entertainment Limited. Galaxy leading leisure chains, Sports Bar and Bowling Co. and family entertainment centers, F123. Through its partner company, Blue Foods the group operates around 100 restaurants and food courts through brands like Bombay Blues, Spaghetti Kitchen, Noodle Bar, The Spoon, Copper Chimney and Gelato.
Future Group’s joint venture partners include, US-based stationery products retailer, Staples and Middle East-based Axiom Communications.
The group’s flagship company, Pantaloon Retail was awarded the International Retailer of the Year 2007, by the US-based National Retail Federation, the largest retail trade association and the Emerging Market Retailer of the Year 2007 at the World Retail Congress in Barcelona.
Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values.’
Group Websites:
• FutureBazaar (www.futurebazaar.com)
• Future Brands (www.futurebrands.co.in)
• Future Group (www.futuregroup.in)
• Future Capital Holdings (www.fch.in)
• Future Generali (www.futuregenerali.in)
• Future Learning & Development (www.fldl.in)
Major Achievements of Pantaloon Retail
• Chosen as International Retailer for the Year 2007
• Chosen as Emerging Market Retailer of the Year 2007
• Best Employers in India (Rank 14th) in the Hewitt Best Employers 2007 survey.
• Best Managed Company in India (Mid-cap) for the year 2006.
• Won Images Retail Awards 2006 for Best Value Retail Store, Best Retail Destination, and Best Food & Grocery Store.
CORPORATE HIGHLIGHTS:
• CHART OF TOTAL REVENUE IN 2007 TO 2009
• CHART OF EBITDA MARGIN OF 2007 TO 2009
PANTALOON IS MAKING FASHION FASTER & FRESH:
The fashion category provides a relatively higher margin and value creation for a retailer, provided it is under constant scrutiny and continuous development. Having set up a talented team of professionals to design and source the merchandise, in the current year Pantaloon focused on strengthening their planning mechanism and backend efficiencies.
Pantaloon now have a full- fledged perpetual inventory management system that acts a fool-proof system of assuring them on optimum inventory levels through cycle bound processes running in the stores. Along with this, an automatic replenishment system ensures that the time taken between an order placed by a store to a warehouse and its delivery is tracked and continuously improved upon.
Pantaloon have completely revamped his business intelligence system with real time data stream coming out of our stores allowing them to react to promotions much faster and giving them a significant amount of control on the kind of promotions that Pantaloon need to do for each specific store. It has also helped in significant growth of sales during the full price period and that has led to an additional amount of margins coming through. The impact of these measures is the significantly higher availability of merchandize within the store, which translates into higher customer satisfaction and productivity.
Company-owned private brands like John Miller, Lombard, Annabelle and Bare have been strengthened and contribute to as high as 80% of total sales within formats like Pantaloons. Core fashion products which used to be only about 8% to 12% of Pantaloon’s collection now is generating close to 20% to 25% of their sales.
The success of these initiatives has emboldened them to expand their retail formats in the fashion category, with Pantaloons alone adding around 14 stores in the forthcoming year. Going ahead, Pantaloon believes that fashion category will contribute a much higher proportion to the both the top line and bottom line of the company.
PANTALOON’S BRAND
BALANCE SHEET AS AT 30TH JUNE 2010