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Boot Bar Swot Analysis Paper

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Boot Barn is a retail chain company that is devoted to western and work connected clothing and accessories in the U.S. Boot Barn carries a wide version of different types of clothing and boots for the need of the consumer. Boot Barn offers a one-stop shopping experience for the customer with a long-lasting appeal of the footprint of the Boot Barn layout. Boot Barn uses a strategy to offer several products to attain customers return to the store an on-line service. Boot Barn made plenty of money, but does not have shareholders equity even though they are a profitable company. The Boot Barn was founded in 1978 by Ken Meany. Ken started the business in a family owned storefront in Huntington Beach, California. Boot Barn is an honest family …show more content…

Boot Barn has stores from California to Florida, from North Dakota to Texas and Louisiana. Boot Barn set up stores in or near shopping centers. They do business in malls an in-outlet centers. Boot Barn footprint is also in online with their E-commerce which has had over twenty million visits to their website (Boot Barn Form 10K, 2017). Boot Barn competitors are those retailers that sell western or work attire, both in stores and on-line. Boot Barn competes with various self-determining specialty stores and smaller regional chains that offer boots and accessories. Boot Barn also is competing with on-line and e-commerce to some type of degree. Some of Boot Barn competitors are Stein Mart, American Eagle, Foot Locker, Buckle, Cato, Ross, and Citi Trends to name a few that are trying to get an advantage on the clothing and footwear market (Boot Barn Form 10K, …show more content…

I would focus on the current and debt to asset ratio. Boot Barn current ratio was very good, but I would focus on the ability to lower the current liabilities. I would focus on paying the current liabilities off and as often as possible which in turn would improve the current ratio. I would also sell off any unproductive asset that is not bringing value added money which would improve the current ratio. This would allow little more inventory on hand which then we could investigate the sales of that product. I would concentrate on debt to asset ratio also. Boot Barn reported a .70 debt to asset ratio which is typically high because the company is being supported by debt rather than equity. I would investigate increasing sales and decrease overhead as much as possible to lower the debt to asset ratio. Another option would be debt to equity swap which would make a debt holder an equity shareholder in the company. This act would cancel the debt owed to him and would lower the ratio and reduce debt to the

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