Published in Lifestyle and Retail category by MBA Skool Team
Zales is one of the leading brands in the lifestyle and retail sector. Zales 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 Zales:
They have over 785 stores in US, which is one of largest buyers and processors of diamonds
They have decades of experience and expertise in the diamond industry
On line purchase has been a great experience for the people and thus increases in sales.
The revolutionary marketing strategy with a credit plan of "a penny down and a dollar a week," was introduced in 1925 for making jewelry and other merchandise affordable to the average working American.
Its the first company to use Institute management training in 1950
Has a strong workforce of nearly 13000 employees
Above are the strengths in the SWOT Analysis of Zales. The strengths of Zales looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Less concentration in growing economic countries
Limited brand awareness since there is a lot of competition from the local vendors as well as branded luxury products
These were the weaknesses in the Zales SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Going Global through franchisees and tie-ups
Use of TV, print media as a tool and expanding its awareness
More usage of social media like Face book, Twitter to take customer feedback and to see the current trends in the industry
Above we covered the opportunities in Zales SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Use of conflict diamonds, the diamonds are not legitimated
Govt intervention in the operations
High debt in case of increasing the retail space or expanding the business in other countries
The threats in the SWOT Analysis of Zales are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Has a commitment for excellence and is a brand which can be trusted
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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