Williamson, Markets and Hierarchies New York: In the next few years the company can leverage this opportunity by knowing its customer better and serving their needs using big data analytics. Limitation of Weighted SWOT analysis of Regis Corporation This approach also suffers from one major drawback - it focus on individual importance of factor rather than how they are collectively important and impact the business holistically.
Opening up of new markets because of government agreement — the adoption of new technology standard and government free trade agreement has provided Regis Corporation an opportunity to enter a new emerging market.
The contractors have an opportunity to view product information and pricing, to send This is one of the major limitations of SWOT analysis. The following year, the company also enters the General economic factors include involvement rates. Free Press, ; L.
Having salons located in these areas allows for customer flexibility as well as a highly visible location for potential walk-in clientele. Section IV — Summary Regis is a well-known trade name name and had been in concern for over 80 old ages.
Weakness 1- Poor Management After reading many Regis employee reappraisals from glassdoor. Opportunity 2- Availability of Real Estate for New Construction The handiness of existent estate for new building is an chance for Regis to go on to spread out non merely the new building of salons but besides the building of new hair Restoration centres.
Through their 96 Hair Club for Men and Women locations, Regis also offers a comprehensive menu of hair restoration products and services Regis Corporation, Porter, Competitive Strategy New York: Regis same-store gross revenues have declined for the 11th back-to-back one-fourth to 2.
Employees described direction as unconcerned with quality of stylists hired. The Home Depot should be established.
The availability of real estate for new construction is also a great opportunity for Regis to expand in the construction of new salons and new hair restoration centers, which will allow Regis to achieve long-term growth objectives. In its nearly 9, North American salons, Regis offers a wide range of hair care services including haircuts, styling and coloring, as well as a wide selection of professional hair care products Regis Corporation, Strong Brand Portfolio — Over the years Regis Corporation has invested in building a strong brand portfolio.
Threat 2- Negative Same-Store Sales Same-store sales is taking the amount of revenue generated by stores open one year or more over a certain period and then comparing it to an identical period in the past. SWOT does not show how to achieve a competitive advantage, so it must not be an end in itself.
Article continues after advertisement Limited success outside core business — Even though Regis Corporation is one of the leading organizations in its industry it has faced challenges in moving to other product segments with its present culture. Regis is also has salons operating in Canada and Puerto Rico, as well as over salons operating internationally in Europe Regis Corporation, By consolidating and spread outing.
Visits to hair restoration centers would be greatly impacted by increases in unemployment rates and decreases in income levels Regis Corporation, Strength 2- Salon Geographical Locations Regis strategically places all of their salons in locations with high client traffic flow such as promenades.
Weakness 1- Poor Management After reading many Regis employee reviews from glassdoor. Highly skilled workforce through successful training and learning programs.
Some clients complained they were rushed through their service and there were ailments of holding to wait over an hr for their service even though they had an assignment. Based on Fern Fort University extensive research — some of the strengths of Regis Corporation are — Article continues after advertisement Successful track record of developing new products — product innovation.
Threat 1- Downturn of the General Economic Environment Downturn of the economic environment consequences in clients passing less and waiting longer between returning visits to the salon.
The demand of the highly profitable products is seasonal in nature and any unlikely event during the peak season may impact the profitability of the company in short to medium term. The Company owns, franchises, or holds ownership interests in approximately 12, worldwide locations Regis Corporation, One of the reason why the days inventory is high compare to its competitors is that Regis Corporation is not very good at demand forecasting thus end up keeping higher inventory both in-house and in channel.
Regis same-store sales have declined for the eleventh consecutive quarter to 2.
High attrition rate in work force — compare to other organizations in the industry Regis Corporation has a higher attrition rate and have to spend a lot more compare to its competitors on training and development of its employees.
It represent a great opportunity for Regis Corporation to drive home its advantage in new technology and gain market share in the new product category.
This lack of choice can give a new competitor a foothold in the market. Regis is besides has salons runing in Canada and Puerto Rico. New trends in the consumer behavior can open up new market for the Regis Corporation. It also solves the long list problem where organizations ends up making a long list but none of the factors deemed too critical.
This can impact the long term growth of Regis Corporation Opportunities for Regis Corporation — External Strategic Factors Article continues after advertisement Lower inflation rate — The low inflation rate bring more stability in the market, enable credit at lower interest rate to the customers of Regis Corporation.
They have salons located all across the United States and have expanded their concern to Canada.Buy Custom Essay and Term Paper on SWOT Analysis / Matrix, Weighted SWOT Analysis of Regis Corporation Example of Weighted SWOT Analysis You can email us to get an example document of Weighted SWOT analysis.
Regis Corporation owns, operates, and franchises a chain of hairstyling and hair care salons worldwide under the brand names Regis Salons, MasterCuts, Trade Secret, SmartStyle, Supercuts, Cost Cutters, and Sassoon, as well as owning several hair restoration centers, which provide more involved hair services like hair transplants.
Regis Corporation, a Fortune company, specializes in beauty salons, hair restoration centers, and cosmetology education. The Company owns, franchises, or holds ownership interests in approximately 12, worldwide locations (Regis Corporation, ). Regis Corporation (RGS)-Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company's businesses and operations.
The profile has been compiled by GlobalData to bring to you a clear and an unbiased v. Regis Corporation. a Luck company. specializes in beauty salons. hair Restoration centres. and cosmetology instruction. The Company owns.
franchises. or holds ownership involvements in about world-wide locations (Regis Corporation. ). Two of Regis Corporation’s current threats are the downturn of the general economic environment and their current negative same-store sales.
Opportunity #1- Hair Restoration Business. In DecemberRegis Corporation acquired the Hair Club for Men and Women (Regis Corporation, ).Download