Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Steve Madden analyses the brand by its strengths, weaknesses, opportunities & threats. In Steve Madden 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 Steve Madden to benchmark its business & performance as compared to the competitors. Steve Madden is one of the leading brands in the lifestyle and retail sector.
The article below lists the Steve Madden SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Steve Madden SWOT Analysis:
For Steve Madden, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
Steve Madden Strengths
The strengths of Steve Madden looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Steve Madden :
1. 100+ Steve madden retail stores across US, presence in 50+ countries 2. Loyal customers and Good return policy 3. Connects well with target market 4. Fun and innovative promotions
5. Operates out of stand-alone stores, alone
6.Seen as a fashion forward line
7. The brand has been recognized with several awards
8. Known for innovative and stylish products
Steve Madden Weaknesses
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Steve Madden SWOT Analysis:
1. Intense competition & low global presence means limited market share 2.Similar styles produced each season & less competitor differentiation
Steve Madden Opportunities
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Steve Madden SWOT Analysis:
1.Global expansion especially growing economies 2.Celebrity endorsers can give a boost to the brand 3.Increasing product placement
4. Differentiating men’s line
Steve Madden Threats
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Steve Madden are as mentioned:
1.Price similar to competitors 2.Kenneth Cole and DKNY have a perceived status 3.Competitors have similar access to channels
Steve Madden Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Steve Madden:
Young individuals from upper middle and upper class
Delivering trend right designs to customers consistently
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.
Browse marketing analysis of more brands and companies similar to Steve Madden. 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