Client Introduction
Baazar Style Retail Limited is a leading value fashion and lifestyle retailer operating under the “Style Baazar” brand, primarily catering to consumers in Tier-2, Tier-3, and Tier-4 cities across India.
Company Profile
Operational Presence
- 260+ retail stores
- Presence across 10 states in India
- West Bengal
- Odisha
- Bihar
- Assam
- Jharkhand
- Uttar Pradesh
- Tripura
- Andhra Pradesh
- Chhattisgarh
- Madhya Pradesh
Workforce
The company has 5,000+ employees that are helping the company to expand their business in the retail industry.
Product Portfolio
Baazar Style Retail Limited has a wide range of affordable fashion and lifestyle products wherein the company has been actively putting thoughts to offer products that are sustainable and environment friendly. These range of products include:
Menswear
- Casual Wear
- Ethnic Wear
- Denim
- Formal Wear
- Innerwear
- Legwear
- Set
- Top-Wear
- Athleisure
- Footwear
- Lower
- Shirts
- T-Shirts
Womenswear
- Sarees (Cotton, Handloom, Lehenga, Silk, Synthetic. Tant)
- Kurtis
- Leggings
- Western Wear
- Ethnic Sets
- Ethnic Top Wear
- Fusion Wear
- Lingerie
- Loungewear
- Western Legwear
- Western Sets
- Western Top-wear
- Nightwear
General Merchandise
- Home Fashion
- Beauty & Personal Care
- Toys
- Seasonal products, homeware products
- Life Style – Sunglasses belt& clutch
Kids Wear
- Accessories, Ethnic, Legwear, Set and Top-wear
- Girls same as Boys, and
- Infants Accessories
Accessories
- Handbags
- Wallets
- Fashion Accessories
Footwear
- Men’s footwear
Challenges faced before GCMS Implementation
-
Multi-State Compliance Management:
Baazar Style Retail Limited operates across 10 different states, each governed by distinct state and municipal laws.
Challenges included:
- Mapping the compliances that are applicable on the multiple jurisdictions
- Mapping of compliances for the corporate offices and store locations separately.
- Handling large volumes of compliance data during implementation in the GCMS.
-
Listed Company Compliance Requirements:
As a publicly listed company, Baazar Style Retail Limited is subject to additional regulatory obligations.
These include:
- Corporate governance regulations
- Stock exchange reporting requirements
- Enhanced compliance monitoring and documentation
-
HR Compliance Mapping Complexity
The HR department had the largest number of compliance requirements, which created operational challenges
Issues faced:
- Large number of compliances across multiple stores
- Difficulty in managing reporting across locations
- Confusion in determining responsibility between corporate and store teams
A remapping exercise was conducted:
- HR compliances managed centrally were mapped to the corporate office.
- These compliances were deactivated at store locations.
- Store-specific HR compliances remained mapped to respective store locations.
-
Remapping and Deactivation
The remapping and deactivation process required detailed compliance reviews.
Each compliance requirement was:
- Reviewed by the Advisory Team
- Validated before final implementation
Post-Implementation Support- User-specific training sessions
- In-person training
- Addressing user queries
- Guiding users on GCMS usage, reporting, and compliance tracking
Outcomes and Impact
-
Centralized Compliance Visibility
- 260+ stores compliance status can be monitored in real time basis through Lawrbit’s GCMS.
- The management of the business activities has improved from corporate office.
-
Improved Accountability
Clear separation between:- Corporate responsibilities
- Store-level responsibilities
-
Risk Reduction
Automated reminders for the due, overdue and upcoming compliances to the users has reduced:- Missed deadlines
- Regulatory penalties
-
Simplified HR Reporting
Centralized HR compliance tracking improved:- Reporting accuracy
- Management oversight
-
Audit Ready Compliances:
Digital repository for:- Licenses
- Filings
- Renewals
- Regulatory documentation
-
Scalable Compliance Framework
- System designed to support future store expansion.
- The GCMS can easily adapt to new locations and regulatory changes.
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