Gymshark Essay

1016 Words3 Pages

There has been an explosive increase of start-up companies in recent years that try to sell their range of sports garment to the vast number of consumers in the industry. However, few companies achieve success in doing so. The differences between the successful and unsuccessful brands are how their unique selling an efficient business model and marketing strategy translates into staying ahead of the competition in an increasingly competitive environment.
Gymshark is the UK’s fastest growing brand of fitness apparel accessories brand, manufacturer & online retailer based located in Redditch in Worcestershire in the United Kingdom created in 2012 by Ben Francis and high school friends who were teenagers at the time (Gymshark UK 2017). Gymshark support is high, engaging in social media followers and …show more content…

The difference is new competitors have different operating models and with the increase of cost pressures combining this is forcing retailers to rethink what they need to do to remain profitable radically. The rate of this changing is showing little sign of slowing. Gymshark aim of having a winning strategy will be to efficiently compete to make profits, therefore, by identifying direct competitors will help gymshark to introduce new products as an immediate threat to the competition that will attract success and profitability. Gymshark strategy is to reflect the beneficial impact of the dangers that the business will draw from competitors, therefore containing actions and countering them, stated in Wilson (2003) your approach in what you sell or how you sell it should incorporate specific features to hold the threat from existing suppliers. Therefore gymshark will need to have some structural and operational changes in the

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