vip ppt
DESCRIPTION
TRANSCRIPT
Group Members
Rupak choudhary 10
Nihar nautiyal 29
Sweta sharma 45
Shakti singh 47
Suraj singh 48
Puneet soni 55
CASE FACT
• VIP industry has sway for over two decades in the organised luggage market.
• Customers perceives value for money.
• Alfa is sold at much lower price. (VIP ecnomically price brand)
• Alfa sells 1.5 lakhs pieces a month.
• Market Research which shows that an average Indian family pulls out the suitcases merely for a outstation travel a few times a year.
• VIP has a wide range of market segment starting from Rs 295 to Rs 6000 a piece.
• Competition from the unorganised sector (hurts the company most.)
• This enables the unorganised sector to typically sell 20 times more than VIP.
• In the range of Rs1500(premium) the main competitor is samsonite.
• So the obvious tactics for VIP is to cut Distribution and logistic. Transportation. Advertising expenditure.
SWOT ANALYSIS
STRENGTHS
Brand Name
Asias no 1
2nd largest luggage manufacturer (in world after samsonite)
Market leader (60%mkt share)
Diversified product range (suitcase-purse)
Weakness
• Over employed organisation
• High inventory & Transportation cost
• No proper distribution channels
• No CRM
Opportunities
Tie-ups with European players (carlton & delsey carlton is the worlds 4’th largest mfg) so that they can catter the upper level segment
Untapped consumers in non metro cities.
Youth segment and executive class.
Threats
• Low demand Industry
• Competitions
• Price war
• Cannibalization that took place between V.I.P's premium range and the Delsey range
NEW FACE OF VIP
TARGETING WORKING WOMEN
NOW ALSO MFG LIGHT WEIGHT SUITCASE WHICH IS CATEERING UPPER SEGMENT MKT
BIZ CLASS & EXECUTIVES
EASY 2 CARRY
STRENGTHING THE DIST BY OPENING EXCLUSIVE SHOWROOMS
Tapping the lucrative European market.
Tie up with the French Co. Delsey
Acquired worlds 4’th largest co. Carlton for 20 Crores.
3 independent focus groups.
42 exclusive showroom across the country.
Available over 1300 retail outlets spread across 27
countries
NEW FACE OF VIP