1. ONLINE RETAILING OF FASHION CLOTHING BY- PRASHANT KUMAR (MBA/1005/2012) DIVYA AGARWAL (MBA/1006/2012) GURUDAS (MBA/1007/2012)
2. Introduction• Online retailing is a form of electronic commerce.• Shopping is 10th most popular online activity in India.• Approximately 8 million Indians shopped online in 2012.• Currently the online retail market stands at Rs 2,000cr which is likely to touch Rs 7,000cr by 2015.• The online retail market is growing at an annual rate of 35%• Online retail account for less than 1% of the total retail market in India. (Source: medianama.com, D10 conference Report,2012)
3. Defining the research problem: A Study on the drivers that lead to a shift of customers from brick and mortar style to the online buying of fashion clothing. This study mainly concentrate on the online buying of fashion garments. There has been a noticeable increase or growth in online shopping:-• Due to the busy life of people now a days, there is a change being seen or noticed in the buying style of various individuals belonging to the different fields of the society from brick and mortar style of buying to online buying.
4. Continued…• An increasing number of shoppers have had access to broadband and abandoned the high streets.• Also due to the easy availability of the credit cards to the middle income group.
5. Background• The online clothing industry is still in its infant stage. 2006 was marked as the year where many retailers chose to start selling their whole range online.• In total, online spending on clothing and footwear was only around 3% of the total for the category in 2006.• Online shopping has also been helped by the number of internet users climbing to 13.7 crores in June, 2012.
6. Continued...• Despite the substantial growth of online clothes shopping, it remains a relatively modest proportion of the overall market. It is calculated that the online fashion market represented just 10.2 per cent of the total clothing retail market in April 2012. (source: articles.economictimes.indiatimes.com)
7. Objectives:• To study the reasons behind the growth of online shopping of fashionable clothing.• To measure the satisfaction level of customers using online retailing services for fashion garments.• To study the various factors affecting online shopping. For example – the sale and return policy, varieties offered, delivery period, modes of payment, etc.• To study the major popular fashion sites such as myntra, fashion and you, and jabong.• To find the profile of online buyers.
8. Research Methods:There are two types of research methods that arebeing used in this research :-1) Library research: This includes -• Analysis of historical records• Analysis of documents2) Field research: This includes-• Questionnaire• Personal interview
9. Research Design This study involves a two phased study in which we are using two types of research designs:1. The 1st phase starts with an exploratory research:-• Survey of concerning literature• The experience survey This will help in the development of a hypothesis, if possible.2. The 2nd phase of the study uses the descriptive research design:-• A detailed study• Collection of primary data• Analyzing the data and reporting the findings
10. Hypothesis People belonging to the Upper1. class and Upper Middle class usually go for ONLINE SHOPPING. People belonging to one-tier2. cities shop online more than the people belonging to two-tier cities.
11. Sampling DesignType of Sampling:-• Convenience SamplingAdvantages of Convenience Sampling:-• Respondents easily available in BIT, Mesra.• Well qualified and educated respondents.• Internet users.• Coming from different social backgrounds.Sampling Size:-• 50 Respondents