Published by MBA Skool Team, Last Updated: April 26, 2020
SWOT analysis of Festival foods analyses the brand by its strengths, weaknesses, opportunities & threats. In Festival foods 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 Festival foods to benchmark its business & performance as compared to the competitors. Festival foods is one of the leading brands in the lifestyle and retail sector.
The article below lists the Festival foods SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Festival foods SWOT Analysis:
For Festival foods, 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.
Festival foods Strengths
The strengths of Festival foods 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 Festival foods :
1. Large number of stores in Minnesota and Wisconsin 2. Good distributor and supplier network providing fresh quality groceries 3. High operating Efficiency which helps to keep the prices low 4. Good and quick online service for the customer
5. The store also has private labels provided by SuperValu
Festival foods 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 Festival foods SWOT Analysis:
1. Couldn’t leverage its old brand to expand its presence in other states 2. Product mix low compared to big retailers in other states 3. Some stores are not in good condition to attract customers
Festival foods 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 Festival foods SWOT Analysis:
1. Use old brand name and expand in other states of US 2. Can work on store size, ambience, product mix to compete with big retail competitors 3. Promote the brand well to change the perception of the people towards it, so that people rate it at par with big retailers in other states
Festival foods 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 Festival foods are as mentioned:
1. Earlier they had monopoly, but now many local stores opening up 2. Big retailers eyeing to enter these markets and opening up stores 3. Online retailers providing a large variety of products at cheaper rates becoming a craze amongst consumers
Festival foods Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Festival foods:
1. Kroger 2. Safeway 3. Supervalue
Hence this concludes the Festival foods SWOT analysis.
Large variety of fresh products and affordable prices
Festival foods STP
People buying grocery from retail stores near them
Middle class people who likes buying there grocery from retail stores at affordable prices
Stores which provides you with the best quality grocery at affordable prices
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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