Explaining
the rationale for introducing non-character merchandise as opposed to the much
loved Disney characters, Softlines - Disney Consumer Products (DCP) Regional Director
Lester W Lee said, "The non character market is seven to eight times larger
than the character market, comprising almost 85 per cent and therefore we see
this as a big opportunity for us. From packaging, labels and tags the range will
bear the Disney identification."
The
Disney Jeans product range will however, have cartoon strips and comics on the
inner pockets and undercuffs of jeans. This range will also extend to accessories
lie bags, hats, socks and footware.
"We
wanted to create a non-character apparel brand that kids like. Ultimately the
range will evolve, to provide a total head-to-toe fashion experience for kids
through diversification into footwear, eyewear, watches and innerwear," added
Lee.
"The
launch of Disney Jeans is an exciting milestone as we continue to build the depth
and breadth of Disney brand among new consumers in India," said The Walt
Disney Company (India) MD Rajat Jain. "We are focused on delivering internationally
successful products that appeal and offer great quality, "fashionability"
and functionality and are appropriately customized for the local consumers."
Eyeing
the 'tween' market as having great potential, Lee added, "Tween consumers
are a key segment, they will be the new generation of spenders as they determine
the trends in the market."
The
Kids branded Apparel and Accessories market in India was at $ 600mn in FY'05 and
is estimated to grow to $ 850mn by 2010. The Softlines revenue generated from
Asia is pegged at 300 million, China making up for 40 per cent and India 10 per
cent of overall revenues.
"Indus
Clothing continues to be the front-runner in the organized Indian fashion business.
Our mission is to lead the apparel industry through a superior product portfolio,
innovative technology and an unrivalled commitment to customer driven excellence.
We have aggressive marketing and promotional plans to build and strengthen our
portfolio of brands in India," said Indus Clothing managing director HP Singh.
In
addition to an extensive retail push, ICL plans innovative marketing initiatives
to drive optimum product visibility for the consumers. ICL also plans to invest
around 210 million rupees to set up the exclusive 'Disney Jeans Stores' by the
end of 2007. The number of Disney Jeans Stores is expected to be increased to
50 by year 2008.
The
brand is already present in France, Italy, Spain and Belgium. The range will be
launched shortly in North America and other parts of Europe. In Asia, the brand
is currently available in Taiwan, Thailand, China and in Hong Kong the store as
even been extended to include adult merchandise.
Also
Read:
Indus
Clothing to pump in Rs 210 mn for branded 'Disney Jeans' stores