SWOT Analysis of Harrys of London with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis
Harrys of London |
|
Parent Company |
Majority stake held by Atelier Fund LLC |
Category |
Luxury Footwear |
Sector |
|
Tagline/ Slogan |
We stand for Quality, Integrity and Creativity. |
USP |
Combines traditional craftsmanship(hand sewn deigns) with latest technology |
Harrys of London STP |
|
Segment |
Premium Leather shoes |
Target Group |
Cosmopolitan, High income and Status males |
Positioning |
High quality comfort leather shoes |
Harrys of London SWOT Analysis |
|
Strengths |
Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Harrys of London : 1. They have the technology to manufacture very high quality shoe soles. It partners with Italy and other countries for latest technological innovation in the field. 2. Highly skilled workforce who can produce handcrafted designs and finish. 3. The layout of the stores are extremely customer appealing and luxurious. 4. Customer satisfaction on quality of shoes (comfort of leather, sole performance, design) is very high and the brand is fast gaining brand loyalty. 5. They have been able to distinguish themselves with their high quality trademark flat and colourful rubber soles. |
Weaknesses |
1. New entrant in the luxury shoe market and hence does not have much brand awareness as of now. 2. Very high price means less market share |
Opportunities |
1. Women market is huge and hence can tap into the women leather shoe market by category extension 2. As it has excellent designing and craftsmanship capabilities and skilled workforce, it can take custom orders and charge a premium for the service 3. Can partner with institutions to offer workshops on shoemaking and hence can popularise the brand among the young who would soon join the workforce. |
Threats |
1. The recent recession and poor world economic performance has reduced the purchasing power of the people 2. Lots of competition for people to switch |
Harrys of London Competition |
|
Competitors |
Below are the 6 main Harrys of London competitors : 1. Tod’s 2. Hugo Boss 3. Paul Smith London 4. Horace Batten 4. Schuh 5. New Lingwood |
The brandguide table above concludes the Harrys of London SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.
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