BIBA SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of BIBA, 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 BIBA to benchmark its business & performance as compared to the competitors, and make strategic improvements. BIBA is one of the leading brands in the lifestyle and retail sector.
The article below lists the BIBA SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the BIBA SWOT Analysis:
In this article:
For BIBA, 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.
The strengths of BIBA 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 BIBA :
1.Emergence of a successful brand in the ethnic wear category with several awards like the Golden Seale trophy and consistently rated as the most admired ethnic wear brand
2. Pioneer of Bollywood merchandising in India with several successful film projects
3. Strong presence in over 40 cities with over 90 stores and in several MBO’s like Shopper’s Stop, Pantaloon, Lifestyle, Central etc.
4. Strong product mix which includes mix-match and unstitched fabrics
5. Done effective youth marketing on social media with campaigns like Quirky closet, guess the look
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 BIBA SWOT Analysis:
1.Strategic alliance with Future group in unstable due to financial concerns
2.Lack of self- procuring facilities would be a problem in the long run
3. Limited global reach where NRIs stay
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 BIBA SWOT Analysis:
1. Along with effective online marketing campaigns that it is currently into BIBA can think of selling merchandise online which has emerged as an effective medium.
2.It can also take to export and showcasing the merchandise in International markets to earn greater visibility globally
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 BIBA are as mentioned:
1. Entry of several Indian designers in the Indian Ethnic wear segment poses a serious threat
2. Highly fragmented fashion industry would lead to low brand loyalty
3. The recent Govt. tax policies on apparel would lead to a price rise.
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of BIBA:
Hence this concludes the BIBA SWOT analysis.
Continue reading more about the brand/company.
BIBA Apparels Private Ltd
Apparel and Accessories
Fashion at affordable prices
Affordable Designer Ethnic Wear
Women looking for classy ethnic Indian wear.
Women in the urban upper middle class.
Trendy fashionable ethnic wear.
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 BIBA. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
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