Vans SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Vans, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
Vans is one of the leading brands in the lifestyle and retail sector. The article below lists the Vans SWOT and includes its target market, segmentation, positioning & USP.
In this article:
For Vans, 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 Vans 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.
A list of strengths is mostly the starting point in starting SWOT analysis. Below are the Strengths in the SWOT Analysis of Vans :
1. Vans is an established brand and has been in business for many years.
2. Shoes Fit from infants to people with size 16 shoes
3. Not too expensive for the consumer, great product pricing
4. High product quality and strong brand reputation
5. Diverse product portfolio with many options for the customer
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 Vans SWOT Analysis:
1. It focuses on mostly skateboarding style of clothing
2. Hasn't been able to penetrate emerging markets compared to competitors
Read more about Vans
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 Vans SWOT Analysis:
1. To create awareness of different sports in emerging markets and become a first mover in exclusive sports shoes brand made professionally
2.To increase its online digital presence
3. Tie-ups with sports events, teams etc
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 Vans are as mentioned:
1.Competition from other brands in the same segment
2. Duplicate and fake product replicas
Similar to Vans
1. DC
2. Element
3.Jerry Hsu
4.Ryan Scheckler
Hence this concludes the Vans SWOT analysis.
Continue reading more about the brand/company.
Vans Overview | |
---|---|
Parent Company |
VF Outdoor Inc |
Category |
Apparel and Accessories |
Sector | |
Tagline/ Slogan |
Off the Wall |
USP |
Custom Made Footwear for all sizes |
Vans STP | |
Segmentation |
High quality premium footwear |
Target Market |
Urban upper middle and upper class |
Positioning |
Custom Made Footwear as per the customers requirements in style and fashion |
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 Vans. This section covers SWOT Analysis along with Segmentation, Target Market, Positioning & USP of more than 2000 brands from over 20 industry sectors.
Continue Reading:
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
What is MBA Skool?About Us
MBA Skool is a Knowledge Resource for Management Students, Aspirants & Professionals.
Business Courses
Quizzes & Skills
Quizzes test your expertise in business and Skill tests evaluate your management traits
Related Content
All Business Sections
Write for Us