1. SWOT Analysis
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  3. Officeworks SWOT Analysis

Officeworks SWOT Analysis

Published in Lifestyle and Retail category by MBA Skool Team Last Updated: October 16, 2023Reading time:

Here is a detailed SWOT analysis of Officeworks covering strengths, weaknesses, opportunities and threats.

Officeworks Strengths

  1. Over 150 stores with presence in all states across Australia, with over 6000 employees
  2. Bulk purchase gives Officeworks an edge over price
  3. Free delivery in some of the major cities
  4. Fun children engaging activities in the stores
  5. Free Wifi at all the stores, customers can instantly compare prices and be convinced that Officeworks offers the lowest
  6. Strong online and phone sales presence
  7. Products offered on rental too

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

Officeworks Weaknesses

  1. Geographic limitation makes in dependent only on Australian economy
  2. The furniture is not unique and designs are very common place

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

Officeworks Opportunities

  1. More emphasis on school supplies.
  2. Officeworks can offer some designer furniture for office and home use.
  3. Cater to nearby markets such as New Zealand and South East Asia
  4. Toys and other children entertainment section wouldwill interest mothers to purchase from Officeworks

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

Officeworks Threats

  1. Competition from Large supermarkets and hypermarkets that offer the same set of products and much more
  2. Electronics sold at Officeworks is available at their respective factory outlet or company websites at lower prices
  3. Competition from local furniture workshops and retailers

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

Hence this concludes the Officeworks SWOT analysis.

About Officeworks

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

Officeworks Overview
Parent Company

Wesfarmers Limited

Category

Retail

Sector

Lifestyle and Retail

Tagline/ Slogan

Big ideas. Lowest prices; We buy in bulk, so you get the lowest prices.

USP

Widest range of products at the lowest prices

Officeworks STP
Segmentation

Price conscious customers

Target Market

Office and home owners

Positioning

Unmatched 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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