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market moves |
Retail Revolution
with
steeljunction |
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Its an extremely unique concept. The brainchild of the Strategic Planning Group and
the task force of Tata Steels SBUs, steeljunction - a mid-size split
level speciality store - has brought under one roof 4500 steel products across 15
categories in Kolkata. It has created a new paradigm in steel relating for B2C
consumers.
The experience while walking into steeljunction is much like a lifestyle store
in a metro anywhere in the world. But imagine walking into the store and having every
imaginable product used to build a dream house - pipes, sheets, rods, and the like -all
conveniently displayed. Till now, convenience while buying |
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Mr B Muthuraman (extreme left), Dr T Mukherjee and Mr A
N Singh visit steeljunction |
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upper and lower levels of the split level store houses home construction and home
aesthetics products |
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construction
products in India meant depending on masons, carpenters and fabricators to make the
purchase. Consumers no longer have to do so. All they need to do is visit the ground floor
section of steeljunction. The ambience is inviting enough for consumers to
make the effort themselves.
Thoughtfully planned to guide consumers to the products they are looking for, the store
has Home Construction & Maintenance Productsat the ground level and
Home Aesthetics Products on the first floor. Home Aesthetics is further
divided into sections for modular kitchens, kitchenware, cutlery furniture as well as the
higher end life style products and even jewellery created out of steel. A bridge
connecting the two wings of the first
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The imaginative display
at the store |
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floor draws
even the uninterested consumer towards the construction products on the ground floor.
The Tata Steel News team browsed through the store looking for basics - kitchen knives, a
grater and a comfortable dining table set. The brands available were well known and the
range on display, offered a more than adequate choice. To add to the pleasure were sales
people keen to help find just what you want.
Tata Steels extensive consumer research, prior to the launch of the retail outlet
indicated that consumers are willing to try new formats and home products in this fast
emerging sector. Tata Steels products comprised only 10% of the entire range
available at steeljunction, while the rest are all top of the line brands in each of their
categories. The entire range of steel - mild steel, alloy steel and stainless steel - is
on offer. Especially appealing are the imaginative displays showcasing common and uncommon
uses of steel. The Company hopes to drive home the message that steel is functionally
resilient and yet aesthetically pleasing. steeljunction has taken the Company a full year
from concept to completion. Based on feedback from Indias steel capital Kolkata,
Tata Steel intends to launch 3-4 more pilot stores across the country. |
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