Published in IT & Technology category by MBA Skool Team
Koovs is one of the leading brands in the IT & Technology sector. Koovs 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 Koovs:
Collaboration with biggest names of international fashion industry.
Fresh fashion with 150 plus branded products getting launched every week.
Private label fashion collection gets launched every month with the help of its London based fashion hub..
Decision to go public by listing under AIM, a sub market of London Stock Exchange.
Collaboration with UK’s popular contemporary fashion company- Supremebeing leading to Stanton Warriers creating a fresh collection for Koovs.
Collections like “Giles at Koovs” by famous designer Giles Deacon or collection by British brand “Hype” increases the fashion quotient of Koovs.
It has international brands like French Connection, Emporio Armani, Calvin Klein etc .
Above are the strengths in the SWOT Analysis of Koovs. The strengths of Koovs looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Relatively less brand visibility in India in comparison to its strong competitors.
People in India still not very comfortable making online payments means limited customers
These were the weaknesses in the Koovs SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Tie ups with various high end offline fashion stores to sell products under “Koovs” brand.
Bringing in more high profile Indian fashion designers on board to cater to Indian taste.
Increasing its brand visibility by showcasing their collections in major fashion weeks like Lakme Fashion Week, Wills India Fashion week etc
Above we covered the opportunities in Koovs SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Increased competition from ecommerce giants like myntra, jabong etc who have better visibility
Heavy discounts offered by competitors.
Reliance on offline stores and designer’s boutiques for high end fashion products
The threats in the SWOT Analysis of Koovs are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
High on fashion appeal with many international brands onboard.
Fashion and brand conscious online shoppers
Middle-High income, fashion conscious, young online shoppers
One stop store for every fashion need
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