Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of ECCO analyses the brand by its strengths, weaknesses, opportunities & threats. In ECCO 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 ECCO to benchmark its business & performance as compared to the competitors. ECCO is one of the leading brands in the lifestyle and retail sector.
The article below lists the ECCO SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the ECCO SWOT Analysis:
For ECCO, 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 ECCO 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 ECCO :
1.Attributed to be one of the only shoe company in the world to own and manage each and every step in the production process from tanning to the end-point of sales. 2. Strong brand presence in over 90 countries with more than 4000 points of sale. 3. Company maintains economies of scale with over 5 tanneries in five countries spread across Asia and Europe and nearly 80% of the shoes are manufactured in its own factories. 4. Company’s research program to reduce the environmental impact of the tanning process has been a success.
5.The brand’s foray into leather accessories has been a success .
6. The brands exclusive retail outlets as performance centers have been a great success.
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 ECCO SWOT Analysis:
1.The brand does not heavily advertise as its competitors who only brand and market their products. 2.Fake replicas and imitation products affects brand image
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 ECCO SWOT Analysis:
1.The brand can tap new emerging markets like India and Africa. 2. In lieu of the research process to prevent environmental degradation the company can also work on a green campaign to promote its wares.
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 ECCO are as mentioned:
1. The fragmentation in the leather shoes segment is high leading to low customer loyalty. 2.The recent slowdown in the European and other markets could affect the profitability. 3. Many products coming as cheap substitutes for leather also pose a serious threat to the brand.
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of ECCO:
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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