Home Bargains SWOT Analysis
Home Bargains is one of the leading brands in the lifestyle and retail sector. Home Bargains 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 Home Bargains:
Quick Glance:
Home Bargains Strengths
- Home Bargains is one of the leading retail chains in UK which offers a convenient and friendly shopping experience
- Home Bargains offers good quality products at extremely affordable prices for customers
- The company has more than 20,000 employees working across its stores
- The company stores offer a wide range of products and brands, along with a superior in-store customer service
- Fresh foods like pasta, rice, soups, cereals etc. is available at its stores
- Essential merchandise like clothing, health and beauty, toys and games are available available at Home Bargains
- The company has more than 500 stores are spread across the UK
- The ecommerce portal offers a good product range, which can be purchased online & shipped to customers directly
Above are the strengths in the SWOT Analysis of Home Bargains. The strengths of Home Bargains looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Home Bargains Weaknesses
- The company is limited to the UK for its revenues and has no global presence
- Intense competition especially from online brands means reduce in market share
These were the weaknesses in the Home Bargains SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Home Bargains Opportunities
- Home Bargains can expand in terms of shop area, number of stores, product assortment, and customer base outside UK
- Differentiating customer experience from other brands can help attract more customers
- Building on a comprehensive ecommerce capability can help in getting more business online
Above we covered the opportunities in Home Bargains SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Home Bargains Threats
- Difficulty to maintain the same quality and standards with expanding business can be a concern
- Decline in the purchasing power of people and lower demand of brands can lead to loss of business
- Competitors replicating its business model and economic recessions can reduce business for Home Bargains
The threats in the SWOT Analysis of Home Bargains 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 Home Bargains SWOT analysis.
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About Home Bargains
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Home Bargains Overview | |
|---|---|
| Parent Company |
TJ Morris |
| Category |
Grocery |
| Sector | |
| Tagline/ Slogan |
Top Brands, Bottom Prices |
| USP |
Home Bargains sells branded goods at the lowest prices possible |
| Home Bargains STP | |
| Segmentation |
Brands and utility shoppers |
| Target Market |
Shoppers seeking low priced branded products |
| Positioning |
Home Bargain offers a range of affordable brands spanning categories |
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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