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Volcom

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Submitted By bethanyharris42
Words 1008
Pages 5
BUS 480
National University
May 16, 2014

Volcom Inc is a clothing manufacturer, entrenched in action sports such as skateboarding, surfing, and snowboarding. There distinctive diamond-shaped “Volcom Stone” logo is well known in the apparel footwear and accessories industry. Their brand is symbolized by a diamond shaped stone. Richard R. Woolcott, 43, founded Volcom in 1991 after borrowing $5,000 from his father to start the company, while he surfed and snowboarded on the side. As a primary player in the boardsports community, Woolcott was committed to maintaining its brand, position, and lifestyle. Creating energy that along with a rebellious attitude is what stimulated him, but when the economic decline of 2008 hit Woolcott had to consider the implications on the retail landscape, he had to reevaluate his inventories and turned to lowering prices to move products. Woolcott had to consider what this meant for the overall operations and strategies. Concerned with effectively influencing revenue and growth, defining the corporate mission, specifying achievable objectives, developing new strategies, and setting policy guidelines would be key to Volcom’s sustainability.
A SWOT analysis will help Woolcott in analyzing the factors, to identify their problem areas and review and revise their corporate mission and objectives. The internal strengths of Volcom are that they have built a large boardsport brand. The image of Volcom Inc. is recognized everywhere and their brand name are in the top ten of the U.S. Athletic Apparel and Footwear Industry. Also, Volcom used an integrated software package designed for apparel distributors and producers. It was used for stock keeping unit (SKU) management and classification inventory tracking, purchase order management, merchandise distribution, and integrated financial management, among other activities. The system provided

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