Aspial SWOT Analysis, USP & Competitors

Posted in Lifestyle and Retail, Total Reads: 1651
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SWOT Analysis of Aspial with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Aspial

Parent Company

Aspial Corporation Limited

Category

Jeweler and Diamonds

Sector

Life style and retail

Tagline/ Slogan

Be a class apart. Shine with Aspial.

USP

Contemporary designs primarily in white gold

STP

Segment

Sophisticated and affluent women

Target Group

premium and upper class urban women

Positioning

Contemporary jewellery for the discerning woman

SWOT Analysis

Strengths

1. Only jewellery retailer to be listed on the Singapore Exchange
2. Strong backing from sister firms such as Lee Hwa Jewellery, Goldheart and Citigems
3. Caters top brands such as Balocchi Preziosi, Laurentia and K DI KUORE
4. Diversified into Property Development and Financial Services

5. Pawnbroking business through subsidiary , Maxi-Cash Group Pte. Ltd.

6. Lee Hwa Jewellery was the official jewellery for Audi Fashion Festival (AFF)

7. Parent company Aspial Corporation holds the largest market share in Singapore

8. World’s first purple gold, endorsed by World Gold Council

Weaknesses

1. Do not manufacture 916 gold jewellery anymore
2. Limited global presence and brand recognition
3. Tough competition from local jewelers and major international brands

Opportunities

1. Online retail is gaining popularity in this region, Aspial need a good webportal for viewing and retail of the jewellery
2. Joint initiative with some of the major fashion houses will give Aspial better exposure internationally
3. The 916 gold market from which Aspial withdrew in 1997 could be branched off into another retail chain catering to the middle class

Threats

1. The sales is effected by the economic condition, for instance the sales in the region dipped during the Eurozone debt crisis
2. Difficult to keep up with the changing trends in the industry
3. Property development which is also a core business of Aspial is strongly dependent on the housing market which has been very vulnerable in the past few years

4. Pawnbroking and Financial services are vulnerable to the ever changing government regulations of the various countries where Aspial operates

Competition

Competitors

1. Tiffany & Co
2. Swarovski 
3. Taka Jewellery Pte Ltd

 


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