Published in Lifestyle and Retail category by MBA Skool Team
Advance Auto Parts is one of the leading brands in the lifestyle and retail sector. Advance Auto Parts 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 Advance Auto Parts:
Second-largest retailer of automotive replacement parts and accessories in the United States
Operates over 3,800 stores in 40 U.S. states
Company has more than 60,000 employees
Above are the strengths in the SWOT Analysis of Advance Auto Parts. The strengths of Advance Auto Parts looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Advance Auto Parts Weaknesses
Geographic expansion is quite less
Competition from intra brand switches
These were the weaknesses in the Advance Auto Parts SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Advance Auto Parts Opportunities
Integrate forward- Manufacture customized automobiles and designs as a new business through JV with auto companies
Export opportunity to developing country
Participation in various auto expos and displaying auto design
Above we covered the opportunities in Advance Auto Parts SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Advance Auto Parts Threats
Customer prefers to buy parts from authorized dealer of company
Low maintenance car is potential threat to this type of business model
The threats in the SWOT Analysis of Advance Auto Parts are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
People in requirement of automotive replacement parts and accessories
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