Published in Lifestyle and Retail category by MBA Skool Team
Harry Winston is one of the leading brands in the lifestyle and retail sector. Harry Winston 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 Harry Winston:
This brands is from century, crafting world’s most beautiful jeweler.
Harry Winston diamonds have become an image of international style
Involves in many philanthropy activities like providing services to the underserved
The high quality craftsmanship and exclusive designs
Has its presence in over 10 countries
Above are the strengths in the SWOT Analysis of Harry Winston. The strengths of Harry Winston looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Harry Winston Weaknesses
Limited global presence and visibility as compared to leading players
Retaining the skilled employees and key executives because of recession mostly lay off happens
These were the weaknesses in the Harry Winston SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Harry Winston Opportunities
Expansion and revamp of existing network into many countries
Tapping strong growth in luxury goods sales as a result of growing tourism
Tie-ups with fashion houses and sponsorship of fashion events
Above we covered the opportunities in Harry Winston SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Harry Winston Threats
Currency Risk: Diamonds are sold throughout the world based principally on the US dollar price
New laws and regulations, or more stringent implementation or changes in enforcement policies
Material adverse effect on the Company’s results of operations.
Competition in Luxury Brand market
The threats in the SWOT Analysis of Harry Winston are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Elite and high woman clientele , powerful industrialists, wealthiest potentates, prominent royal families, and celebrated stars
Exceptional and timeless beauty
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