Swot Analysis For Ross Dress For Less

Based off of my last journal about the fashion industry and how it has an economic impact. Recently a friend of mine opened up a fashion boutique in a mall. He has always been into fashion probably the most fashion intellectual person I know. In the boutique my friend has inventory ranging from shoes, hoodies, jeans, accessories, etc. All the inventory are clothes or shoes that are either hard to find or sold out due to the demand of the product being higher than the supply. The shoe prices range from $200-$2000 depending on what shoe you are looking at. The prices of clothes are practically the same price range as the shoes. One of the clothing brands that are probably in my opinion the grail items in the boutique is the collection of clothes

Ross Stores, Inc. is an American off-price department store, which has two different stores: Ross Dress for Less and dd’s DISCOUNTS. Ross Dress for Less has around 1,340 stores in 36 states in the United States, and dd’s DISCOUNTS is much younger image than Ross and has 193 stores in 15 states. Its headquarter is located in Dublin, California, and it is the second largest off-price retailer in the USA after TJX Company. Ross offers trendy name brand and designer apparel, accessories, home furniture, footwear, and snacks for everyone from young children to old seniors. Ross Dress for Less and dd’s DISCOUNTS sell products at 20% to 70% off from the regular prices to target people who have limited income but also want to have new products every season. They not only focus on business but also focus on social responsibility. Since they want to know more and be closer to their consumers, they are focusing on four different areas to touch their target customers.

In the past, JCP had, on average, one price campaign every day. The stores were full of sale signs and retail rise was getting out of control. JCP partnered with numerous exclusive collaborations which was hoped to bring about an expansion for the firm. However, due to the economic slump, the oversaturation of the market, and an expected lack of quality in the goods from the consumer perspective, JCPenney’s success was degrading in contrast to its competitors. (Sloan, 2010).

Polo Ralph Lauren is an American apparel company founded in 1967 and is currently based in New York. It was founded by designer Ralph Lauren, who still serves as CEO, Chairman, and chief designer for the company. The company does business by engaging in the design, marketing, and distribution of premium lifestyle products. The company sells apparel products for men, women, and children, accessories such as footwear, eyewear, watches, jewelry, hats, belts, and leather goods including handbags and luggage, fragrances, and home furnishings which include bedding, bath products, furniture, fabric, wallpaper, paint, tabletop, and giftware. The company owns a well-established portfolio of brands that are globally recognized and

J.Crew as an iconic brand targeting young working professional by focusing on preppy and classy look failed in identifying brand focus. Also, their business model is performing poorly in the fast-fashion industry compare to traditional competitors, with its high prices, diverging quality, and undesirable brand image. Hence, the brand perception by customers has changed and many of them prefer to purchase the discounted products rather than full-priced items.

One of the most successful clothing brands in the world, Polo Ralph Lauren has built its success around more than just its line of luxurious designer clothes, but the company is one of the top marketing designers also. It was awarded “ Luxury Brand of the Year” in 2010 by the Luxury Daily. A company that was founded by a man named Ralph Lifchitz, better known as Ralph Lauren of the Bronx, New York in 1968. Since the age of 12, Lauren’s had a strong appeal and taste for looking classy. He would spend the money he earned working with his father after school, purchasing expensive suites. In his latter years, while working for a company called A. Rivetz & Co., Lauren began designing wide ties, the beginning of what latter evolved into the

Ross Dress for Less has been keen to ensure it retains competitive edge where substitutes are concerned. The company through its price strategy coupled with purchasing methods which are unique can be said to be the key factors that counteract the threat of substitutes. There is the need for the company to keep watch of fake commodities in the market which may serve to undercut its market.

There has been many ups and downs in the fashion industry and is always changing, being a store that offers that kind of merchandise you need to stay at the top of the game. Since J.C. Penney’s has opened its doors it has been through a great depression, a great recession, and many more ups and downs, and has still made it. Reason being they move with the economy not afraid to change and take the first step. They first open its doors as a fashionable store, and moved down the line to pretty much everything, some J.C. Penney’s have pharmacies,

Unlike more mainstream oriented department stores such as JCPenney or Macy's the target demographic for Nordstrom is more upscale. Nordstrom markets products that are indented for those with more disposable income. Because of this, they may not sell the same volume of products as JCPenney or Macy's. However, what they do sell is likely priced significantly higher than the more mainstream competition. The major draw of Nordstrom is the quantity and status of the designer brand names that they offer. Some of these brands include Gucci, BOSS, Calvin Klein, as well many more designer labels. In other words, brand names that not would likely be found at the likes of more mainstream department stores. Furthermore, these brands could be considered

Of the hundreds of named brand clothing that form part of the retail and fashion industry I chose to compare, for my analysis, Abercrombie & Fitch, Forever 21, American Eagle, and H&M. These stores are prominent, well-known for selling apparel, shoes, and accessories by the means of offering sales and promotions to their customers. This is a clever strategy for attracting customers, allowing them to believe that they bought goods at affordable, convenient prices – and not to mention the prestigious name prescribed to the clothing brands. Using keyhole.co as my main source, I obtained relevant and valuable information regarding the status of these brands. My intentions were to compare a period of 14 days, however, due to the limited access that I received from my free trial, the program only allowed me to see fewer of the dates than I anticipated. I want to take this opportunity and mention ahead of time that due to the various and distinctive products that are sold from these stores, when looking for the “spending capacity” I decided to focus on shirts/ jeans for men and women and compare the prices among them since each of these retailers carry those items and as a way to make this report easier to contrast and comprehend. Also, when approaching the section of “setting”, I screen-shotted some of the images on Instagram and made them into a collage to separate the type of clothes and trends that each of these brands sell currently. In the following modules

The intensity of rivalry and the threat of substitutes are strong components for J.C. Penney to consider as they continue to strive for increased revenue and market share. Their two primary competitors are Macy’s and Kohl’s, both of whom have fiercely competitive strategies to be strong retail operations. For instance, while Macy’s offers a multitude of promotional deals and is working hard to choose products based upon demographics and geographic segmentation, Kohl’s is attempting to reduce their inventory levels and improve their marketing strategies in order to become a stronger competitor in the department store segment of the retail industry. In order to compete with their competitors, J.C. Penney aims to focus on their previously successful promotions and home department segmentations by bringing in new reputable designers in order to attract a larger customer base. Due to the fact that the intensity of rivalry and threat of substitutes are both moderately strong in the retail department store industry, J.C. Penney ought to be diligent in their implementation of strategies in order to achieve success in the retail business.

Ralph Lauren employs a business level strategy of Focused Differentiation. Differentiation is value as perceived by customers through unique features and characteristics of an organization 's products rather than by the lowest price (“Generic Competitive”, 2017). This is done through providing high quality, unique features, exceptional customer service, innovation, or advanced technology, etc. (Baba, 2015). RL’s focus on differentiation is described best on their own website when they state “Ralph Lauren is one of the world’s premier luxury lifestyle brands, universally recognized and associated with distinct design and quality” (“Ralph Lauren Investor”, 2017).

The industry that Lululemen operates in is the Women`s Apparel industry which is a mature, large and fragmented market that has highly sensitive to the economic conditions and trends.

According to Primark, the cheaper the clothes, the more shoppers will buy. This is reflected in its sales. Primark is able to sell on low prices because Primark enjoys economies of

There will be several more in 2018. The merchandise is attractive and offered at very cheap prices. The concept is extremely appealing to young people on a tight budget. Primark will present a competitive challenge for every promotional retailer selling apparel, fashion jewelry, and various seasonal and home novelties.