ASOS SWOT Analysis, USP & Competitors

Posted in Lifestyle and Retail, Total Reads: 4966
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SWOT Analysis of ASOS with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

ASOS

Parent Company

ASOS

Category

Clothing & Retail

Sector

Retail

Tagline/ Slogan

Discover fashion online

USP

One – stop fashion destination

STP

Segment

Fashion and beauty products

Target Group

Young adults

Positioning

Positioned as a platform to inspire and power your fashion discovery

SWOT Analysis

Strengths

1. Sells over 850 brands as well as its own range of clothing and accessories
2. Innovative ways to display merchandise to customers and interactive ways to shop, including customer created looks, company edited fashion trends, and the ASOS marketplace.
3. UK's largest independent online and fashion beauty retailer
4. Connects with its customers through social media platforms including Twitter, Facebook, Instagram, Tumblr, Youtube, and Google+

5. International expansion and growth with sales growth outside of UK

6. New international supply chain platform, Allport, increases visibility and cooperation across ASOS’ international supply chain

7. Has over 4000 employees as a part of the organization

8. It has its business spread over 200 countries

Weaknesses

1. The free shipping service provided by ASOS costs the company 100 million pounds on an annual basis.

2. Around 30% of purchases are returned to the company, resulting in additionally shipping charges for ASOS

Opportunities

1. Consumers are willing to spend more money on unique products
2.Increasing mobile penetration helps people to make more purchases from mobile platforms
3. Globalization is expanding the reach of retailers, as they are able to connect with consumers across the globe and grow their businesses

Threats

1. Larger retailers existing in both digital and physical form may have more brand recognition than ASOS, as they gain consumers through foot traffic as well as their online platform.

2. Uncertain economic times

Competition

Competitors

1.Bohoo
2.N Brown
3.Marks & Spencer
4.Tesco
5.New Look




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