Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Colorplus analyses the brand by its strengths, weaknesses, opportunities & threats. In Colorplus 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 Colorplus to benchmark its business & performance as compared to the competitors. Colorplus is one of the leading brands in the lifestyle and retail sector.
The table below lists the Colorplus SWOT (Strengths, Weaknesses, Opportunities, Threats), top Colorplus competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
Below are the Strengths in the SWOT Analysis of Colorplus:
1. Usage of pioneered techniques like Golf ball wash, Cone Dyed casuals to maintain product quality. 2. Provides Spectrum is an exclusive membership to premium customers, with excellent rewards and benefits. 3. All garments are handcrafted and use modern technology like “chinos 6030” which ensures wrinkle free clothing. 4. The brand has over 350 stores across the country and is prevalent in the Middle East
Here are the weaknesses in the Colorplus SWOT Analysis:
1. Global penetration is limited as compared to a few other international brands 2. Presence of Indian and international brands offers more offering to customers therefore high brand switching
Following are the Opportunities in Colorplus SWOT Analysis:
1.Growing Market in India and abroad 2.Consistent growth in India and more fashion conscious people 3.Leverage bigger brand of Raymond
The threats in the SWOT Analysis of Colorplus are as mentioned:
1. Competition from international brands entering the market 2. Constantly changing fashion trends means inventory issues
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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