North Face Swot Analysis

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I. INTRODUCTION The North Face Mission “Our passion is beyond setting records and achieving fame. For us, it's all about changing lives, not just our lives, but also, the lives of those people who inspire us to aim for extraordinary dreams” COMPANY INFO AND BRIEF HISTORY • 1966 - Founded in San Francisco as a retail store to help skiers, serious climbers and campers find quality backpacks and equipment. Named after the cold, unforgiving “North side” of a mountain. • 1968 - Invented the concept of backpacking. • 1980s - Skiwear was added, followed by camping equipment. • 1990s – Started with functional clothes in the 90s (TheNorthFace web, n.d.) • Continues to provide product range for outdoor clothing and footwear • 2016 – 50 years’ anniversary, with special ad …show more content…

(Wikipedia, n.d.) MARKET PROSPECT • Outdoor apparel still trending and has a high sales share, despite sports-inspired apparel gaining • Outdoor not only purchased for outdoor activities, also for travel, winter daily wear. • Target demographics: All age groups o Teenagers: Down Jackets o 20-30 years old: wear them for outdoor activities, exercise, daily wear o 40s and above: daily wear, attracted by comfort, functionality, vivid colours • To 10 companies according to combined market share and sales revenue in 2015 • 2 main competitors with strong internet marketing capabilities: Kolon Sports and Black Yak, both strong with sports jackets. FINANCIAL DATA • The North Face is now a wholly owned subsidiary of the VF Corporation. It is headquartered in Alameda, California, co-located with its corporate sibling, JanSport. (Wikipedia, n.d.) • Financial performance with profit per share and revenue growth between 2013 to 2016 falling short of the targets promised to investors. VF had promised compounded sales growth of 8% a year, but delivered only 6%. (Fortune.com,

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