Uniqlo SWOT Analysis, Competitors & USP

Uniqlo

Parent Company

Fast Retailing Ltd

Category

Retail stores

Sector

Lifestyle and Retail

Tagline/ Slogan

Driven by innovation

USP

Unique high fashion

Uniqlo STP

Segment

Departmental and retail store chain

Target Group

Middle class and premium class households

Positioning

Huge variety of styles and high quality at affordable prices

Uniqlo SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Uniqlo :

1. Uniqlo is Japan's leading clothing retail chain in terms of both sales and profits.

2.The company also operates innearly 15 countries worldwide

3.Offer very discounted prices which increase footfall in store

4.Strong presence in international market

5. Uniqlo had begun outsourcing their clothing manufacturing to factories in China where labor was cheap, a well-established corporate practice

6. A strong workforce of over 30,000 employees

Weaknesses

1.Despite being a popular brand it has a limited brand recall

2.Bargaining power of customers is high hence brand switching affects value

Opportunities

1.Good brand image could leverage on that and increase product portfolio along with clothing

2. The brand can promote itself by viral advertising and aggressive social media usage

3.High opportunity in campaign in various sports events

4. Increase global presence

Threats

1. Increasing competition from domestic market and global players

2.Strategic cost leadership is not long term sustainable

3. Brand switching could happen easily as only concentrated target segment for clothing

3.Regulation in different countries for FDI pull on aggressive growth

Uniqlo Competition

Competitors

Below are the 2 main Uniqlo competitors :

1. Walmart

2. Tesco