Foodhall Case StudyWhile Big Bazaar, the flagship company of Future Group’s retail arm Future Retail, replicates the local India bazaar with its chaotic nature, Foodhall the retail giant has a different story to tell. Foodhall has been built as the premium lifestyle food superstore, aimed at the affluent Indian customer who appreciates gourmet markets. Avi Biriyani, the concept head of Foodhall. states in a Yourstory article, "Before launching Foodhall, we noticed a gap in the retail industry for gourmet food. There was an absence of brands that sold premium and exotic food. Foodhall identified the gap in the food market and attempted at closing it with an exhaustive range of offerings curated specially for the food connoisseur."
Foodhall, founded by Avi Biyani, is the answer to India’s elite gourmet's love for global cuisine. The food hall offers an exhaustive range of products from daily essentials to exotic foods to premium fresh and packaged foods in International and Indian cuisine. It stocks everything from that resonates to an International grocery store with offerings ranging from tomatillo (green tomatoes of Mexico) to gluten-free bread such as pizza dough, bagels, to a range of superfood options such as Greek yoghurts, fat-free organic milk, tofu, gourmet chocolates, avocado, truffle oils, smoked salmon, vegan mock meats, speciality cold cuts, teas, fresh truffles and various food delights, including a variety of Indian delicacies and traditional cuisine mix.
Founded in May 2011, Foodhall is the one-stop premium destination for well-travelled urban customers who have a deep appreciation for the nuances of gourmet cooking. Foodhall was set up with the vision to make food shopping a holistic experience through a luxury food store curated with both inventory and premium experience. In a short span of time, the concept store that was launched in Palladium, Mumbai gained a discerning customer base and loyalty. Within 8 years Foodhall has established itself as the luxury food destination in three of the major metro cities – Mumbai, Bengaluru, and Delhi. Future Retail is spawned across 240 cities in India and occupies 11 million sq. ft in retail space and is focused on exploring the Indian retail space through diversion formats.
To add to its mojo and burnish the store’s reputation, Foodhall has launched a string of its own highly renowned brands which include spices from Foodhall has also launched a tier of its own highly acclaimed brands, which includes the spices brand Arqa, The House of Tea, dry fruit brand Bustaan, a traditional food range under Traditions, personalized chef service Party Chef and gifting brand Blue Ribbon. Recently another premium dessert brand with chef Pooja Dhingra, WhisQ was also added to its branches, which led to the production of a nine-piece macaroon set under the brand.
Typical Customer Profile
The potential customers varied from - the ex-pats, the well-travelled male and female in their 40s and the homemakers in their 60s looking for upgrades in their lifestyle through food. These imbibe shoppers who have travelled a lot and are aware of global cuisine. Foodhall stores are strategically placed in neighbourhoods that are a brisk walk distance for expatriate communities - in areas such as Saket and Vasant Kunj in Delhi and Whitefield in Bengaluru. There are also a lot of curious customers who are keen to explore new food trends and want to buy ingredients. Tourists who wish to take back a flavour of India when they return are also some of Foodhall’s common visitors.
Customer Proposition and Market Positioning
Foodhall is focused on the urban traveller who has a global taste palette. It showcases itself as the foodie’s paradise with an exhaustive range of offerings from daily essentials to exotic food. It provides a one-stop shop for people looking for “exotic, hard-to-find” cooking ingredients like avocado and truffle oil to the equipment required for specialized gourmet cooking. Foodhall makes sure they stay ahead with the world trends to update their product line to retain and attract a new customer base to cook better, plate better and even eat better. The growing fad for travel to foreign countries, the emergence of varied food channels, increasing NRI and ex-pat population, growing numbers of food explorers, rising disposable income among others are some of the few factors that have accentuated the growth of gourmet and international cuisine category. Foodhall aims to give people a 'food lifestyle' and an experience, wherein they can enjoy all the finer nuances of food and the goodness that comes with it.
Customer Interaction and Marketing
Not only does Foodhall provide a multisensory experience for the elite customer but also makes sure they educate and inform the customer about newer things. Foodhalls’ visual merchandising team does a wonderful job at making sure the products are displayed beautifully with all the required information using guides, recipe cards and how-to manuals placed around it. Negating bay breakers with unique bite-size information to engage and excite the customer with information on various products the curious customer may not be familiar with. Apart from this, ‘experience zones’ engage the customer's taste buds with product samples. Foodhalls’ strategy of engaging the customers through all the senses – taste, touch, feel and thus make them comfortable with the product that they long wanted to try but was hesitant to. Nothing remains the same about these interactive zones as the themes are changed every other month.
Future Plans and Omni-channel retailing
The brand aims to make Rs 250 crore revenue and is introducing some new categories like pet food, health supplements, functional beverages and are also extending the already existent categories which are showing growth. Store expansion is also underway in Mumbai with another store launch set to open at Foodhall@Vama on Peddar Road. With the surge in omnichannel retailing ( https://www.yourretailcoach.in/digital-retail/omnichannel/ ) Foodhall is now pinning its hopes on the digital model. With 12 Foodhall stores and three Café by Foodhall in the country, the company is planning to take the e-grocery route for expansion. With stores set up in all the large metropolitan cities in the country, Foodhall believes these would cater to a large customer base in the e-grocery model. E-commerce offers greater choice, value, and convenience for the elite Indian consumers of Foodhall. As lines between online retail and brick-and-mortar stores ( https://www.yourretailcoach.in/digital-retail/brick-mortar/ ) are blurring for the new-age consumers, it is vital that the brand be present in both these channels. The fact that the urban Indian customers spoilt by a multitude of choices want to touch, feel the products they chose to buy as much as they want to shop from the comfort of their homes has made it necessary for the premium brand to embark upon a multi-prong retail strategy ( https://www.yourretailcoach.in/set-up-retail-store/ ).
Acquisition by Reliance Group
In August this year, the Future Group reached an agreement to sell its retail, wholesale and logistics and warehousing units to the Reliance group led by Ambani. Reliance will take over Future Retail operating around 1550 stores including its flagship brands like Foodhall and BigBazaar.
Get advise for Retail Business Consulting : https://www.yourretailcoach.in/contact/
Empowering Retail & E-commerce businesses worldwide.
If you aspire to build a brand like foodhall and capture the growing premium grocery market, get in touch with Your Retail Coach (YRC) retail experts and explore the opportunity and viability of your business idea.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Foodhall Case Study here
News-ID: 2398003 • Views: …
More Releases from YourRetailCoach
YRC Simplifies Choosing Store Layouts in Retail
Given the increasing problems in getting real estate space in preferred locations and ensuing space restrictions faced by retailers, retail consultants YRC touched base with this issue in a recent message. The retail experts emphasised that picking the best-fit layout plan is not problematic if the deliberations made are on point. In addition to that, an understanding of the common layout models helps identify and apply the right layout plan.
Rise of Co-Working and Emerging Business Challenges
The rising popularity of co-working spaces as a commercial avenue has also brought many new, unseen challenges for businesses in this sector. Business consulting firm ( https://www.yourretailcoach.in/ ) YRC has come out with certain relevant insights on this topic in this communiqué addressing aspiring entrepreneurs who are thinking of starting a co-working business and looking for co-working business solutions. 𝗠𝗲𝗮𝗻𝗶𝗻𝗴 𝗼𝗳 𝗖𝗼-𝗪𝗼𝗿𝗸𝗶𝗻𝗴 Co-working spaces can be considered as clubs or gyms
Starting a Plus Size Clothing Business
In this communiqué, retail and eCommerce consulting brand, Your Retail Coach (YRC) addresses aspiring entrepreneurs on starting a plus size clothing business. In consideration of the novelty of this product category and various emerging challenges faced by apparel businesses, YRC's team of retail and eCommerce consultants speaks on addressing these challenges and emerging as a successful and sustainable brand. 𝗙𝗶𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 Is the business idea of starting a plus
Retail Experts YRC on the rise of Shop-and-Go technology in Africa
With capabilities to transform the shopping experience, Shop-and-Go allows customers to check out by scanning their purchase items and paying from their smartphones. This technology is known by different names (e.g. Scan-and-Go) but the essence is the same. As Shop-and-Go technology is beginning to gain popularity in many African countries, retail consulting firm - YRC ( https://www.yourretailcoach.in/ ) shares insights on the reasons, advantages, suitability, and the future of Shop-and-Go
More Releases for Foodhall
Sarda Dairy expands footprint with launch of Vachan Farm Classics Cow Milk in Mu …
Premium quality, pure, healthy cow milk for health-conscious consumers Mumbai, 8th July 2021: Sarda Dairy and Food Products Limited (SDFPL), one of the India’s largest integrated dairy farms, today announced the expansion of its product portfolio in Mumbai with the launch of its Vachan Farm Classics Cow Milk. The premium cow milk, completely untouched by human hands - right from milking to packaging, will be available in the city in 500
Indian Frozen Pizza Market Size, Industry Trends, Share and Forecast 2020-2026
Indian frozen pizza market is estimated to grow at a CAGR of 7.5% during the forecast period. The expansion of food service chains is supporting to drive the consumption of frozen pizza in the country. Domino's Pizza has more than 1,250 stores present in all over India. Further, in November 2018, Pizza Hut India declared plans to open more than 200 more outlets in the country by 2022, which aims
Celebrate this Festivity with PAYBACK’s Loyalty Points
Celebrate this Festivity with PAYBACK’s Loyalty Points Loyalty programs which reward buyers for engaging with the brand have steadily grown in popularity in the recent years. So let's find out how the loyalty points system works? We all have received communication from brands regarding loyalty programs in the past and as a customer, you must have thought what loyalty programs & points are about? The mechanism behind loyalty program and