Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Virgin Megastore analyses the brand by its strengths, weaknesses, opportunities & threats. In Virgin Megastore SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Virgin Megastore to benchmark its business & performance as compared to the competitors. Virgin Megastore is one of the leading brands in the lifestyle and retail sector.
The table below lists the Virgin Megastore SWOT (Strengths, Weaknesses, Opportunities, Threats), top Virgin Megastore competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
Below are the Strengths in the SWOT Analysis of Virgin Megastore:
1. First Music store opened in London 2. Worldwide presence – hundreds of stores worldwide 3. Supported by highly diversified parent company 4.Well established in middle east
5. The brand is present across 15 countries worldwide
6. Strong backing of brand name Virgin and Richard Branson
Virgin Megastore Weaknesses
Here are the weaknesses in the Virgin Megastore SWOT Analysis:
1. Most of their stores are closed even in UK 2.Low product portfolio and limited business
Virgin Megastore Opportunities
Following are the Opportunities in Virgin Megastore SWOT Analysis:
1. Start their own albums to attract people to stores 2. Tap into movies and sponsorships – Videogame markets 3.Can upward integrate into manufacturing of music electronics
Virgin Megastore Threats
The threats in the SWOT Analysis of Virgin Megastore are as mentioned:
1. Technology changing rapidly 2.High competition by innovative models 3.Extinction period for music stores
Virgin Megastore Competition
Virgin Megastore Competitors
Below are the top 3 competitors of Virgin Megastore:
1.Online Music Stores 2.Circuit City 3.HMV
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.
Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Virgin Megastore. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. The companies are not associated with MBA Skool in any way. Edit the brand or add a new one to SWOT Analysis section : Contribute