Submitted by: Submitted by Tsoulospan
Views: 1853
Words: 452
Pages: 2
Category: Business and Industry
Date Submitted: 06/28/2010 11:33 AM
The following SWOT analysis looks at under armour which is operating in clothing industry. The analysis shows under armour’s Strengths, Weaknesses, Opportunities and Threats. The SWOT analysis will give you a clear picture of the business environment under armour is operating in at the present time.
Strengths
• Being financially strong helps Under Armour deal with any problems, ride any dip in profits and out perform their rivals.
• A strong brand is an essential strength of Under Armour as it is recognized and respected.
• Under Armour’s distribution chain can be listed as one of their strengths and links to success.
• High net income in year 2009
• Offering wide range of casual apparel and sports wear
• High profit to earnings ratio
• Positive response from customers
• Official outfitter of schools and universities teams
Weaknesses
• Not reducing costs in the same way as their competitors’ means Under Armour is outlaying more of their profits. Having higher costs than competitors is a major weakness.
• Not having an effective marketing strategy seriously hampers the success of Under Armour.
• Online presence is vital for success these days, and lack of one is a limitation for Under Armour.
• Under Armour’s limited product line is a major weakness.
• Narrow focus
• It is considered as male targeted brand
Opportunities
• Looking at export opportunities is a way for Under Armour to raise profits.
• The changes in the way consumers spend and what they buy provides a big opportunity for Under Armour to explore.
• New market opportunities could be a way to push Under Armour forward.
• Expanding the product/service lines by Under Armour could help them raise sales and increase their product portfolio.
• Expanding into other markets could be a possibility for under armour.
• Forming strategic alliances and joint ventures is an opportunity for under armour to maximize profit and gain new business.
• Reduce prices of the products
• Increase...