Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Food Bazaar analyses the brand by its strengths, weaknesses, opportunities & threats. In Food Bazaar 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 Food Bazaar to benchmark its business & performance as compared to the competitors. Food Bazaar is one of the leading brands in the lifestyle and retail sector.
The article below lists the Food Bazaar SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Food Bazaar SWOT Analysis:
For Food Bazaar, 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.
Food Bazaar Strengths
The strengths of Food Bazaar 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 Food Bazaar :
1. Considered India’s Walmart : High brand presence and equity, roped in popular celebrities 2. Extremely strong presence in local Indian markets 3. Business rests upon Variety, quality, affordability and convenience 4. Extremely wide product portfolio, large number of SKUs and attractive promotions and offers
5. Extensive availability of multi brand products
Food Bazaar 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 Food Bazaar SWOT Analysis:
1.Lack of brand presence and awareness outside India 2.A one-size-fit-all strategy across all its stores without considering local, regional, demographic, age, cultural variations etc. that lead to varied consumer choices
Food Bazaar 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 Food Bazaar SWOT Analysis:
1.Use of technology and financial services to offer more value-add services to its customers 2. Growth through increasing presence in rural markets 3.Developing and promoting private label brands which have higher margins
Food Bazaar 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 Food Bazaar are as mentioned:
1. Perception of Low prices to be seen as low quality products in Indian consumers mind 2.Increasing presence of local and global competitors in food retail 3.Rising costs of labour, fuel etc.
Food Bazaar Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Food Bazaar:
Unseen blend of a typical Indian bazaar and International supermarket atmosphere.
Food Bazaar STP
Price sensitive households
Population across India one and India two segments
Providing our customers with the flavors that they are looking for and in a range that offers them a delightful choice experience, supplemented by timely delivery and convenience
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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