Kay Jewelers SWOT Analysis
Kay Jewelers is one of the leading brands in the lifestyle and retail sector. Kay Jewelers SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of Kay Jewelers:
Quick Glance:
Kay Jewelers Strengths
- Years of experience have made Kay one of the finest jewelers in United states
- They are using a tool which enhances the sales by a technology including customer assisted selling systems
- Use of advertising using various tools like TV, radio, print, catalog, direct mail telephone marketing, POS signage, in store display and online methods has a great impact on the sales
- Strong financial position and brand equity
- High brand awareness among the customers in US
Above are the strengths in the SWOT Analysis of Kay Jewelers. The strengths of Kay Jewelers looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Kay Jewelers Weaknesses
- Needs to increase the retail presence in the US as its penetration is less
- Global penetration is low as compared to leading international players
These were the weaknesses in the Kay Jewelers SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Kay Jewelers Opportunities
- US division’s ecommerce sales increased hence an opportunity to expand sales
- Needs to invest in the social media websites like mobile applications to add to customer shopping experiences
- Going international through franchising or tie-ups
Above we covered the opportunities in Kay Jewelers SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Kay Jewelers Threats
- Customer experience is constantly fluctuating since the preferences changes
- Fluctuation in Gold prices
- Changing govt policies and competitor threat
The threats in the SWOT Analysis of Kay Jewelers are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
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Hence this concludes the Kay Jewelers SWOT analysis.
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About Kay Jewelers
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Kay Jewelers Overview | |
|---|---|
| Parent Company |
Kay Jewelers |
| Category |
Jewellery and diamonds (USA) |
| Sector | |
| Tagline/ Slogan |
Every kiss begins with Kay |
| USP |
Value addition in customer experience |
| Kay Jewelers STP | |
| Segmentation |
Woman looking to wear glamorous diamond jewellery |
| Target Market |
Urban upper middle and upper class women |
| Positioning |
A diamond brand which brings happiness and joy |
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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