PLANET M
INTRODUCTION
- Planet M is an Indian music retail store originally founded by The Times Group.
- It was sold to Videocon group for Rs. 200 crores in Nov 2007.
- The Planet M stores are mainly known for selling music and movies and related accessories.
- Planet M Retail Ltd. is a part of the $ 5 billion Videocon group, which is a fortune 500 company.
- Currently Planet M has 85 stores across India.
- These stores are mainly known for selling Mobiles, Music, Movies Games and related accessories.
Product
Line
- Music retailing
- Mobile and accessories retailing.
- Gaming and gaming products and accessories.
- Gift, greeting items and apparel.
COMPETITORS
Off-line competitors:-
1.CROSSWORD
2. LANDMARK
3. MUSIC WORLD
USIC WORLD
Online competitors :-
1.EBAY.IN
2. FUTUREBAZAAR.COM
Current
Scenario
Planet M's share of
music in its revenue has fallen from 40 per cent a few years ago to 25 per
cent. (CE:- Sanjay Karwa )
Planet M has seen
about 100 per cent growth in the toys segment.
The company intends
to launch 15 new stores this year in kiosk format — V. Ganesan
60 % profits from
mobile telecom which is low margin category- Bhupesh Grover( CFO)
Promotions
Achievements
& Awards
Opened around 207
stores in a span of two years.
Recognized as the most admired retailer
of the year Leisure 2004, 2006 and 2008.
Won awards for Retail Excellence-
Retailer of the year (organization) Leisure and Specialty - 2006 and 2009.
Recognized as the
most Popular Music destination amongst Youth - 2010 (Global Youth marketing
awards).
Initiated
the Connoisseur's Club - Planet M association with MTV for Shop Lifter property
References
·
http://www.business-standard.com/article/companies/lifestyle-chains-no-longer-hear-rhythm-in-retail-music-113061301254_1.html
THANK
YOU;
NIKHIL
JADHAV
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