Home Retail Group SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Home Retail Group, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
Home Retail Group is one of the leading brands in the lifestyle and retail sector. The article below lists the Home Retail Group SWOT and includes its target market, segmentation, positioning & USP.
In this article:
For Home Retail Group, 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 Home Retail Group 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.
A list of strengths is mostly the starting point in starting SWOT analysis. Below are the Strengths in the SWOT Analysis of Home Retail Group :
1. Constituent of the FTSE 250 Index making it a competitive player
2. The Company comprises the following businesses:
Argos (including HomeStore&More), Homebase, Hygena, Schreiber, Alba, Bush etc.
3. Also has financial services like HOME Insurance Services
4. More than 57,000 employees
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 Home Retail Group SWOT Analysis:
1. Company is newly established hence lesser market share
2. Range of products and offerings are lesser than global giants
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 Home Retail Group SWOT Analysis:
1.Disposable income is increasing of the customers
2. Tapping the international market specially emerging economies
3. Acquisition of smaller retail chains
4. More visibility through advertising and customer focused services
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 Home Retail Group are as mentioned:
1.Increase raw material prices
2.Increase problems of wages and labor availability
3.FDI restrictions in many country for expansion
Similar to Home Retail Group
1. Isetan Mitsukoshi Holdings
3. JC Penny
Hence this concludes the Home Retail Group SWOT analysis.
Continue reading more about the brand/company.
|Home Retail Group Overview|
Home Retail Group plc
Mid sizes chain of retail of consumer goods
|Home Retail Group STP|
Households seeking consumer goods
Urban upper middle class households
Bring unrivalled convenience and value to customers’ everyday lives, whether shopping at home or on the move
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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