Ross Stores SWOT Analysis

Published in Lifestyle and Retail category by MBA Skool Team

Ross Stores is one of the leading brands in the lifestyle and retail sector. Ross Stores SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of Ross Stores:

Ross Stores Strengths

  1. 00+ stores covering most of the states in US
  2. dd’s discount(deep discount) chain for clothes and furniture
  3. Gift cards of denominations up to $ 250. Customers can even design their own gift cards
  4. Variety between products offered in various stores
  5. Over 55,000+ employees are working for the store chain
  6. The products available in the stores are Clothing, footwear, bedding, furniture, jewelry, beauty products, and house wares

Above are the strengths in the SWOT Analysis of Ross Stores. The strengths of Ross Stores looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.

Ross Stores Weaknesses

  1. Intense competition means limited market share and low brand loyalty
  2. Competitor differentiation is low and also it is only limited to US for its revenues

These were the weaknesses in the Ross Stores SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.

Ross Stores Opportunities

  1. Latest fashion items could be put up for auction
  2. Online retail is an easy way to increase sales of items produced in bulk
  3. Similar to dd’s , Ross could have a separate store for better quality products at a slightly higher or reasonable price

Above we covered the opportunities in Ross Stores SWOT Analysis. The opportunities for any brand can include prospects of future growth.

Ross Stores Threats

  1. Stores such as Zara is also able to change the products on display as fast as Ross.
  2. Some supermarkets also have garments for sale
  3. Boutiques sometimes offer old stock at their stores at a discount
  4. Fake products of major brands attract young customers

The threats in the SWOT Analysis of Ross Stores are as mentioned above. The threats for any business can be external factors which can negatively impact its business.

Hence this concludes the Ross Stores SWOT analysis.

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About Ross Stores

The table below gives the brand overview along with its target market, segmentation, positioning & USP

Ross Stores Overview
Parent Company

Ross Stores

Category

Apparel and Accessories

Sector

Lifestyle and Retail

Tagline/ Slogan

Dress For Less

USP

Latest fashion at throw away price

Ross Stores STP
Segmentation

Working women or single mothers

Target Market

Middle class with family income less than or around $100,000

Positioning

Items at a discount

 

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.

Browse marketing analysis of more brands and companies similar to Ross Stores. This section covers SWOT Analysis along with Segmentation, Target Market, Positioning & USP of more than 2000 brands from over 20 industry sectors.

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