Baume & Mercier SWOT Analysis, Competitors & USP

Posted in Lifestyle and Retail, Total Reads: 13471

SWOT analysis of Baume & Mercier analyses the brand/company with its strengths, weaknesses, opportunities & threats. Baume & Mercier is one of the leading brands in the lifestyle and retail sector. The table below also lists the top Baume & Mercier competitors and elaborates Baume & Mercier segmentation, targeting, positioning & USP.

Baume & Mercier

Parent Company

Richemont group

Category

Watches and Accessories

Sector

Lifestyle and Retail

Tagline/ Slogan

Life is about moments

USP

Aesthetically designed watches that are high quality

Baume & Mercier STP

Segment

Luxury watches Segment

Target Group

High Income Men and women

Positioning

A watch that is part of life’s unique moments

Baume & Mercier SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Baume & Mercier. Strengths are:

1. The brands campaign Baume& Mercier& me was successful in building an effective brand image in the minds of the consumer

2. The brand has resorted to innovative marketing campaigns on digital mediums that have proved to be popular with the consumers

3. The special edition watches of Baume &Mercier are coveted among watch collectors

4. The brand has benefitted from the resources, marketing experience and the luxury brand image of the Richemont group

Weaknesses

Here are the weaknesses in the Baume & Mercier SWOT Analysis:

1. The brand does not have a brand recall as high as its competitors

2. Brand sales are affected by fake replicas

Opportunities

Following are the Opportunities in Baume & Mercier SWOT Analysis:

1. With its unique positioning, the brand can resort to extensive promotions, marketing and sponsorships to increase its brand recall among the consumers

2. The brand can improve its position in the luxury segment of developing economies by different startegies

3. Tie-ups with fashion houses and celebrities

Threats

The threats in the SWOT Analysis of Baume & Mercier are as mentioned:

1. Competitors with high brand recall threaten the sales and the brand awareness of the brand

2. The luxury segment in Swiss watchmaking is crowded with many known brands which are more ‘cost effective’ as they are considered to have high brand worth

Baume & Mercier Competition

Competitors

Below are the top 2 Baume & Mercier competitors:

1. Rolex

2. Tag Heuer


The brandguide table above concludes the Baume & Mercier SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.

Browse marketing analysis of more brands and companies similar to Baume & Mercier. The BrandGuide section covers SWOT Analysis, USP, STP & Competition of more than 6000 brands from over 20 categories.

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