Published in Lifestyle and Retail category by MBA Skool Team
Lotto Sport is one of the leading brands in the lifestyle and retail sector. Lotto Sport 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 Lotto Sport:
Lotto Sport has over 110 stores all over the world, and employs over 500 employees all over the world.
The brand’s strength lies in continuous innovation; product design and Italian touch to clothing.
Lotto's latest innovation “Twist and go” technology is a rotating stud for footballing players which has been tested to reduce injuries and improve performance.
The brand has sponsored very successful players from tennis and football and has been the sponsor of many International football Teams.
Lotto Sport has a very different strategy off supplying their products to dealers rather than opening specialty stores in developing countries has been a cost reduction strategy.
The first ever football shoes without laces were produced by lotto, which was a revelation.
Above are the strengths in the SWOT Analysis of Lotto Sport. The strengths of Lotto Sport looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Lotto Sport Weaknesses
Lotto Sport has limited online shopping option in many countries, which is a major weakness in today’s fashion world.
The brand has less advertising countries and brand visibility in countries like China, Korea where consumers are unable to connect with the product.
These were the weaknesses in the Lotto Sport SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Lotto Sport Opportunities
Lotto can expand its divisions into the online retailing arena.
The brand has to create awareness about the brand in South-east Asian countries with better advertising.
Above we covered the opportunities in Lotto Sport SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Lotto Sport Threats
Existing and strong competition from brands like Nike, Adidas can significantly eat up their market share.
Brand switching cost is very low so the brand has to be regularly updated in their designs and keep their customers intact.
Fake imitations can affect the sales of Lotto Sport products
The threats in the SWOT Analysis of Lotto Sport are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Lotto Sport is a brand with a passion for active sports, leadership in authentic sports of tennis and soccer and a rich sports inspired lifestyle collection incorporating the best of Italian designing.
Lotto Sport STP
All men, women and growing kids who have passion for sportswear and consumers who are fashion conscious with a semi-high purchasing power.
All young sports enthusiasts and Life style consumers
Lotto Sport is an aspiring brand for all sportsmen, and an active collection of lifestyle for all people.
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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