Marks & Spencer Swot Analysis
Marks & Spencer SWOT Analysis
Strengths
High Quality Products.
This is the key strength that makes the company successful. Marks & Spencer is capable of delivering high quality products for food as well as cloth. Its suppliers are required to produce a product that meets a range of quality, safety, environmental, and social standards.
Customer Services
Marks & Spencer is customer oriented. The company provides superior customer service to customers and always be there if somebody needs help and assistance. This makes Marks & Spencer be able to maintain a good relationship with the customers, and this is critical if the company wants its customers to be loyal to the company.
Shopping Environment
Marks & Spencer provides customers with a great of shopping experience. By designing a modern concept store, fancy interior, and cleanliness, the company offers the customers with coziness, comfort, and pleasantness when shopping in stores.
Commits to Innovations
Marks & Spencer focuses on developing innovative products; it is reflected by the fact that 80 percent of its general merchandise products and 30 percent of its food products will be new every season.
Environmentally-Concerned
Marks & Spencer concerns about the environment problem. The company has developed many strategy and system of its business to address the environmental problem. Marks & Spencer is able to save many dollars, improve efficiency, improve quality, and reduce any waste.
Weaknesses
Outdated Fashion & Lack of Newness
The pace of changing the clothes is slow compared with other competitors such as H&M, Debenhams, and TK MAX. Most of its design is outdated especially for ladies segment.
Slow Sales
Based on the company’s income statement