BIG IDEAS PSYCHOLOGY / NEW FORMATS / WINTER WEAR INDEX • Consumer behavior • Impact on product • Product examples • Fashion trucks • Omni-channel platform • Supply chain • Marketing / Advertising • Payment • Employee engagement • Winter wear • Non – winter wear CONSUMER BEHAVIOUR Buying behavior will be based on 3 factors: RELIABILITY TRUST Consumers will make purchases from brands providing high standards of hygiene and strictly practicing safety guidelines Consumer purchasing decision will be based on brands providing maximum transparency in supply chain activities where delivery timelines and e-payment securities will be maintained FINANCIAL SUPPORT Consumer will seek credit buying support as a result of negative impact of lockdown on liquidity in hand. IMPACT ON PRODUCT • Consumers will shift towards purchasing essentials where buying less but buying well will be practiced The Shift • Essential table products, F/S T-shirts and masked hoodies can be centered to positive community based messages like “Together We Stand”, “Stronger together” and more. Use anti-bacterial and anti- microbial fabrics for germ-free protection. Introduce merchandise with hidden masks / detachable pockets and multi utility zippers as self – security Opportunity will be practiced post COVID – 19 impact. Can introduce fashion masks Big bets How to Sell? • Leisure line will see higher sales as a result of the Lockdown effect. Big Bets will be taken for Knitwear: H/S T-shirt, Joggers and Shorts for comfort. Fusion wear: Woven joggers having indoor and outdoor functionality. Shorts: Cargo and loose shorts as will be trend. Covered clothing: F/S T-shirts, hooded T-shirts and masked hoodies • Introducing Fashion Trucks – a grab and go model, strengthening E-Com and using Omni-channel platform to sell the products , along with contact less stores Shorts with detachable zip pouches Embedded masks FASHION TRUCKS Format based on Grab and Go / Fashion on Wheels • Fashion on wheels to reach to customers, can be used to drivesales and marketing , early player will grab attention of media • Service can be provided at close catchment areas demand by number of people and group buying living the same society / locality • Can function as a “One Stop Shop” which not only provides apparels but also non – apparels, fashion mask and hand sanitizers The truck will be covered in big glass windows to make the merchandise completely visible • QR codes will be assigned to products where the consumer can scan and make the purchase order through Pantaloons website/app (QR code will direct the consumer to shopping basket) or a packed piece will be given to the customer than and there subject to availability of stock • Idea is to minimize human contact based on “Contactless Shopping” experience MARKETING / ADVERTISING Shift will be seen in social media marketing where the consumer itself can be the voice of the brand Create product awareness on social media platforms like Instagram, Facebook and Twitter handles by popularizing tags like #YourFriendPantaloons , #HappyToHelp, # ShareYourStories, #PowerInOurHands Involve trusted social media influencers to curate styling videos and highlight brand offerings Apps like Zoom has shown drastic growth and can be used as a platform to show ads targeting school and college student and widen the reach to the right customer Tap emotional quotient of consumers by creating advertisement stories centered to family and togetherness led by COVID-19 which will in turn create a positive impact and consumer relatability, this can be shown as a 30min YouTube ad which cannot be skipped OFFERS: Utilize word-of-mouth strategy where a consumer can post a selfie with the garment and tag their friends in turn they can avail online discounts coupons on next purchase, this will also help in building trust among the consumers and generate potential targets Consumers adapt to the new normality of self-isolation, advertisers need to change their communications strategies to offer reassurance and support OMNI-CHANNEL PLATFORM Strategy: To improve consumer experience and build better relationships with target audience which will help in creating consumer reliability and a sense of trust Process: Focus on strong display of products can be given making styles visible to the consumer in stores who can scan QR codes assigned on the selected style and will be delivered to their doors or packed fresh will be given to them Customer need not to touch the garment This can be done using mobile app or on Pantaloons online website. The order can be accordingly tracked by the consumer. Product Display: The merchandise display can be revamped in a way where products are clearly visible to the consumers Cities targeted: Major shift can be seen in tier 2 and 3 cities as most of the people have moved to their respective hometowns SUPPLY CHAIN • Consumer will prefer online shopping from brands where hygienic and safety measures are strictly practiced • In order to ensure safety standards, footprint chronicles is required giving transparency of product details regarding manufacturing norms (where it was manufactured) to warehousing to final shipment, all the information can be accessed by the consumer through OR code scanning which will be attached on the package once delivered to the door, QR code will direct the consumer to website where details regarding the product will be displayed • A sticker indicating “Safe to Touch” will be attached on delivery boxes / package which will provide assurance on non carriers of any disease • Establish cleaning and disinfection programs to ensure the correct hygiene standards are met at warehouse level to reduce the risk of disease outbreak. “Safe to Touch” sticker on packages indicating non carriers of diseases SAFE TO TOUCH PAYMENT • Leveraging with Bajaj Finance and other credit service providers to enable credit buying facilities to loyal consumers where 0% interest will be charged on EMI in order to ensure financial support also applicable to bundle offers like 6k/ 6k offer EMPLOYEE ENGAGEMENT • Reward employees with customized hand sanitizers for showing maximum productivity • Provide local gift cards / vouchers which can be redeemed post COVID-19 • Circulate Pantaloons exclusive stickers to employees with their address stating “Pantaloons HO is here now” and ABFRL customized goodies like sanitizers which will encourage a positive working environment Mask Cloth face coverings/Home made masks should— •fit snugly but comfortably against the side of the face •be secured with ties or ear loops •include multiple layers of fabric •allow for breathing without restriction •be able to be laundered and machine dried without damage or change to shape Should cloth face/Home made masks be washed or otherwise cleaned regularly? How regularly? Yes. They should be routinely washed depending on the frequency of use. How does one safely sterilize/clean a face mask covering? A washing machine should suffice in properly washing a face covering. How does one safely remove a used face mask covering? Individuals should be careful not to touch their eyes, nose, and mouth when removing their face covering and wash hands immediately after removing. Usage and Care Tutorial 1. Cut out two 10-by-6-inch rectangles of 2. Fold over the long sides ¼ inch and hem. cotton fabric. Use tightly woven cotton, such as quilting fabric or cotton sheets. T-shirt fabric will work in a pinch. Stack the two rectangles; you will sew the mask as if it was a single piece of fabric. Then fold the double layer of fabric over ½ inch along the short sides and stitch down. 3. Run a 6-inch length of 1/8-inch wide elastic through the wider hem on each side of the mask. These will be the ear loops. Use a large needle or a bobby pin to thread it through. Tie the ends tight. 4. Gently pull on the elastic so that the knots are tucked inside the hem. Gather the sides of the mask on the elastic and adjust so the mask fits your face. Then securely stitch the elastic in place to keep it from slipping. TECHNICAL SPEC MATERIAL OPTIONS JERSEY MESH COTTON CHARACTER PRINTED MASKS GEOMETRIC MASKS GEOMETRIC PRINTED MASKS GRAPHIC MASKS STRIPED MASK PLAID MASK STRIPES AND PLAID MASK CONSUMER TREND POST COVID-19 Content •Overview of fashion industry •Consumer Sentiments •Consumer Engagement •E-commerce/ online shopping •In-store innovations •Product innovations Fashion industry post Covid-19 •Once the dust settles on the immediate crisis, fashion will face a recessionary market. •Post Covid-19 fashion will accelerate towards some of these consumer shifts, such as a growing antipathy toward waste-producing business models and heightened expectations for purpose-driven, sustainable action. •Digital acceleration, discounting, industry consolidation and corporate innovation will be prioritized once the immediate crisis subsides. •The five themes that will set the agenda once the dust settles are: 1. Survival Instincts 2. Discount Mindset 3. Digital Escalation 4. Darwinian Shakeout 5. Imperative Innovation Consumer Sentiments/Behavior •How brands react in this crisis will redefine the meaning of authenticity, casting them in a positive light as the human and economic toll of the outbreak sets in. •Understanding your consumers 'safety should be a fundamental part of a brand strategy. •As the nature of fear shifts and a new range of emotions emerges, such as eco-anxiety, brands should reassess their strategies and create a sense of security and adapt their relationship with consumers accordingly. •Make comfort a key focus and embed it in all of your brand's outputs, from the design of products to your communication on social media platforms. •Customers would have reflected on their needs as they increasingly question what brings fulfilment in their lives during lockdown not everyone will become impulsive shopper after lockdowns open up. •Consumers will be on the outlook for affordability , Product quality and looking to have their values reflected in what they consume. •People will avoid renting” REUSE AND RESALE” as consumers increasingly feel less comfortable about products that they don't know the full ownership history of. Consumer Engagement •Companies especially need to be cautious about communicating with inactive consumers •Potential medium to communicate with stake holders in addition to email are social media, online video and podcasts •45% of global consumers are devoting more time to social media- over 10% are also creating and uploading videos themselves • Important to have a human- first rather than consumer led approach in your messaging Consumer Engagement Pantaloons X Tik tok challenge • TikTok, with the app recording 113 million downloads in February, making it the app's best month for downloads, as the app nears 2 billion lifetime downloads. • Invest in virtual brand activations. Reallocate funds from physical activations to social, streaming and gaming. https://www.tiktok.com/@pantaloonsfashion?lang=en Digital Engagement • NEW RETAIL SOLUTION: Physical retailers should partner with ecommerce and online players to gain necessary tools of digital interfaces and distribution to reach consumers for last-mile delivery. • VIRTUAL ENHANCEMENT: Allowing users to virtually shop the stores and kiosks through Virtual reality. • Adapt marketing communication strategies to offer reassurance and support to engage customers such as use of live stream bloggers, customer engagement through various channels with fashion influencers, livestreaming sessions to turn empty stores into virtual shopping stages hosted by the staf • INFLUENCER PARTNERSHIP: Content related to new daily realities post covid-19. Ecommerce/Online Shopping • 13% of shoppers made their first online order in the last six months. (8% - First time in last six months, 5 % first time ever ) • In click and collect model, more than 19% of shoppers made an order first time in last six months and 14%, placed an order for first time • Curb- Side Pickup can be a means of doing so, where order can be placed online and pick can be made at any store as per convenience of the customer Ecommerce/Online Shopping • Digital at the center of operating model • In China, e-commerce has attracted new customer segments and markets • The opportunity to increase a digital and e-commerce offering for middle-aged or baby boomer customers is on the rise. • Explore new ways of partnering with established e-retailers. In store selling innovations • Consumers will look up to brands to redefine the value of trust • Upgraded level of in-house services that provide comfort and a sense of well being • More innovations for low-touch services, more sanitary display and handling of merchandise • Touchless or robust self-checkout options, In US , a whopping 87% of shoppers prefer to shop in stores with one form of self-checkout