Shoppers Drug Mart SWOT Analysis, Competitors & USP

SWOT analysis of Shoppers Drug Mart analyses the brand by its strengths, weaknesses, opportunities & threats. In Shoppers Drug Mart 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 Shoppers Drug Mart to benchmark its business & performance as compared to the competitors. Shoppers Drug Mart is one of the leading brands in the lifestyle and retail sector.

The article below lists the Shoppers Drug Mart SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Shoppers Drug Mart SWOT Analysis:

SWOT Analysis of Shoppers Drug Mart

For Shoppers Drug Mart, 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.

Shoppers Drug Mart Strengths

The strengths of Shoppers Drug Mart 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 Shoppers Drug Mart :

1. Shoppers Drug Mart is Canada's largest pharmacy chain with 1,200+ stores

2. Implementation of successful loyalty program

3. Shoppers Drug Mart introduced its first BeautyBoutique, setting a new standard for the industry with its open-sell display and unbiased approach to customer service in prestige cosmetic retailing.

4. Strong presence across Canada and easy accessibility

5. Presence of private label brands

Shoppers Drug Mart 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 Shoppers Drug Mart SWOT Analysis:

1. Strong competition from local stores and unorganised retail means limited market share

2. Very less global presence of Shoppers Drug Mart so standards are set domestically

Shoppers Drug Mart 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 Shoppers Drug Mart SWOT Analysis:

1. High business opportunity in Canada for pharma products for Shoppers Drug Mart

2. Could leverage on brand equity and extending product portfolio into home care category

3. Marketing themselves as high caring brand by supporting medical health campaigns

4. Global tie-ups and expansion

Shoppers Drug Mart 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 Shoppers Drug Mart are as mentioned:

1. High investment in R& D division

2. Various norms in pharma industry by government which could be entry barriers

3. All products in phrama are same only great positioning in customer minds helps to increase sales

Shoppers Drug Mart Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 6 competitors of Shoppers Drug Mart:

1. Walmart

2. Walgreens

3. Kroger

4. Rite Aid

5. Target Corporation

6. CVS Caremark

Hence this concludes the Shoppers Drug Mart SWOT analysis.

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About Shoppers Drug Mart

Shoppers Drug Mart Overview
Parent Company	Shoppers Drug Mart
Category	Drug retailor
Sector	Lifestyle and Retail
Tagline/ Slogan	Your Life Store ; Take care of yourself
USP	Shoppers Drug Mart is Canada's largest pharmacy chain
Shoppers Drug Mart STP
Segmentation	Pharma retail chain segment
Target Market	Middle class and upper class households
Positioning	Shoppers Drug Mart is a retail chain looking after its customers health

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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