- Published: November 14, 2021
- Updated: November 14, 2021
- University / College: Essex, University of
- Language: English
- Downloads: 16
Strengths
– concept called “ Accessible Luxury” which means matching luxury on quality of bag while making it affordable
– introduction of new and fresh styles and collections
– monthly product launches used in introducing new product
– affordable prices made available to middle-class customers
– customer- oriented employees
– wide range distribution by using catalog and email as means of selling
– full- price stores categorized into three namely; core locations, fashion locations, and flagship stores
– appealing brand to customers
– stores made available in US and Japan, top two countries in selling luxury bags and other collections
Weakness
– growth of luxury industry
– retail stores where most customers may not be seen
– maintenance of discounted price
Opportunities
– Continued growth of luxury industry in Europe an in Asia
– Middle class customers looking for affordable luxury bags
– New technologies for distribution and selling methods
– Laxity of regulating the industry
Threats
– regulations of the industry due to competition with top brands in the industry
– counterfeiting
– demand for a lesser price or more discount from customers