Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Norma Kamali analyses the brand by its strengths, weaknesses, opportunities & threats. In Norma Kamali 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 Norma Kamali to benchmark its business & performance as compared to the competitors. Norma Kamali is one of the leading brands in the lifestyle and retail sector.
The article below lists the Norma Kamali SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Norma Kamali SWOT Analysis:
For Norma Kamali, 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.
Norma Kamali Strengths
The strengths of Norma Kamali 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 Norma Kamali :
1. Norma Kamali’s reputation as a successful designer is the main USP of the brand. 2. The brand is attributed to be a very effective user of technology with it being attributed to starting the first fashion online store on e-bay and introduction of very effective smart phone applications for fashion related products. 3. The brand uses material of silk parachutes for most of its products and has a specialty of making multi-use pieces. 4. The brands policy of “Try before you buy” and keep whatever you like in 48 hours has been a success
5. Good brand visibility and positioning
Norma Kamali Weaknesses
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 Norma Kamali SWOT Analysis:
1.The brand has limited visibility outside the United States unlike its other competitors who are global entities. 2. The brand does not have its own procurement and manufacturing facility
Norma Kamali Opportunities
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 Norma Kamali SWOT Analysis:
1. The brand can expand its base outside the USA with MBO’s and boutiques at major cities for better visibility. 2. With the innovative string of products by the brand it can also take up green initiatives. 3. The brand can also extend its product portfolio towards being a complete lifestyle brand
Norma Kamali Threats
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 Norma Kamali are as mentioned:
1.The highly fragmented fashion industry means that there is low brand loyalty. 2. The recent slowdown in American markets would mean reduced spending on lifestyle products which would affect the brand. 3.The entry of several new designers in the same segment is a challenge to the brand.
Norma Kamali Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Norma Kamali:
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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