Nike SWOT Analysis, USP & Competitors

Posted in Lifestyle and Retail, Total Reads: 27197
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SWOT Analysis of Nike with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Nike

Parent Company

Nike Inc

Category

Apparel, Sports Equipment and Accessories

Sector

Lifestyle and Retail

Tagline/ Slogan

Just do it

USP

Nike shoes that are made for professional athletes across sports worldwide

Nike STP

Segment

Sports enthusiasts

Target Group

Men, women and children from urban upper-middle and upper class

Positioning

Nike offers high quality sports products at a high price which gives satisfaction and comfort

Nike SWOT Analysis

Strengths

1. Nike is the world’s leading brand for sports shoes and apparel

2. Recognized many times by fortune magazines on “100 best companies to work for”

3. Nike is listed among 50 most innovative corporate companies worldover

4. Nike differentiates by making innovative products which has global recognition

5. Effective business relationship-building is done by the company globally

6. It has launched many other products in collaboration with companies e.g. launched music player, Nike watches etc

7. Nike is a leading top of the mind brand with excellent innovative advertising and branding

8. Exclusive shops all over the world apart from availability through multi-brand retail stores

9. It is ranked among the top companies for climate-friendly companies
10. Nike associates itself with leading international sports teams, players and events

Weaknesses

1. The Nike company faced allegations of labor and wage laws with employees, poor working conditions etc

2. Constant competition means limited market share growth for the company

Opportunities

1. Product expansion in areas like more concentration in sunglasses, sportswear etc. which gives high profit

2. Nike can open their stores in tier 2 cities in emerging economies as well
3. Enhance brand visibility by opening sports academies across the world for nurturing talent

4. Tap the online opportunities to reach out to as many customers as possible

Threats

1.Footwear market is so competitive, major competition from other brands

2. As it is an international brand currency fluctuations of countries affects the business of Nike

3. Fake imitations and replicas often cause a problem for a brand like Nike

4. Adaption of new techniques and innovation by other brands

Competition

Competitors

1.Adidas

2.Reebok

3.New Balance

4.Converse

5.Puma

6.Fila

7.Bata

8.Liberty Shoes


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