Revlon has several strengths including brand recognition, quality manufacturing, and aggressive advertising. However, it also has weaknesses such as high debt and restructuring costs. Opportunities exist in expanding markets like Asia and among new demographic groups. Threats include intense competition and concerns over corporate social responsibility. Revlon's strategies focus on promoting products for diverse groups, customizing for Asian markets, and modifying products to address weaknesses and seize opportunities in expanding consumer bases.
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SWOT Analysis For Revlon
Revlon has several strengths including brand recognition, quality manufacturing, and aggressive advertising. However, it also has weaknesses such as high debt and restructuring costs. Opportunities exist in expanding markets like Asia and among new demographic groups. Threats include intense competition and concerns over corporate social responsibility. Revlon's strategies focus on promoting products for diverse groups, customizing for Asian markets, and modifying products to address weaknesses and seize opportunities in expanding consumer bases.
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SWOT Matrix for Revlon: Strengths: 1.
Long term debt
nearly $2.3billion 1. $25 million spend on 2. High restructuring CSR programs costs ($17.9 2. Spend $24.4million on million, 2006) R&D 3. Higher prices than 3. Aggressive advertising competitors worth $120 million 4. Decrease in net 4. Great operating sales for 2006 by efficiency and use of $1 million capital assets 5. High net losses in 5. Quality manufacturing 2006 i.e. $251 standards million 6. Strong brand 6. Employee layoff recognition by 8 % 7. Rapid new product 7. Less variety of development products
SO Strategies: WO Strategies:
1. Promote companies products 1. Build new products to target
to target Hispanics (S3,O2) Asian markets (W7, O3, O5) 2. Make customized products 2. Launch new colors in hair Opportunities: to exclusively target Asian color products (W7, O7) markets (S7, O3,O5) 1. Increase in US teen market 3. Target men’s segment i.e. 20 million segment by (S7,O6) 2010 2. Growth in Hispanic population i.e. 40.5 million by 2010 3. Asian markets with 60% world’s population still uncovered 4. Increase in online retailing 5. Women in China, India and Middle East are rapidly, growing interest in purchasing cosmetics 6. Men also using the cosmetic products WT Strategies: ST Strategies: 7. Expansion in hair coloring market amongst youth 1. Modify products to serve 1. Go for market development diverse ethnic groups (S7, T1) and enter Asian markets Threats: (W4,W5, T1, T2, T6) 2. Promote company’s CSR 1. Racial and ethnic changes in activities (S1, T4) US market 2. Intense competition 3. Disposable income of Americans decreasing 4. Consumers’ concern about product safety and CSR activities 5. Major retailers reducing inventory 6. Decrease in the value of dollar Weaknesses:
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