Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How can you explain American Eagle Outfitters and Threat of substitute products it's supposed to be part of the Porter's five forces but I am

How can you explain American Eagle Outfitters and Threat of substitute products it's supposed to be part of the Porter's five forces but I am unsure how to explain it or how to start.

This is wHAT I HAVE SO FAR

The threat of substitutes in the fashion industry is moderate. American Eagle Outfitters has established itself in the market as a recognizable and respected brand, however, it faces competition from other traditional fashion retailers and e-commerce giants such as Amazon. Competitors offer similar clothes in the same price range making it easy for people to buy clothes from these competing brands. The ease of online shopping has also made it even easier for customers to explore alternative brands. However, strong brand loyalty amongst their customer base can reduce the likelihood of people switching over.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Kin Lo, George Fisher

3rd Edition Vol. 1

133865940, 133865943, 978-7300071374

Students also viewed these Accounting questions

Question

Please Help with this software Engeneering

Answered: 1 week ago