BWI: Globalite Industries Open Footwear Range in India

Press release from Business Wire India
Source: Globalite
Wednesday, May 23, 2012 11:10 AM IST (05:40 AM GMT)
Editors: General: Consumer interest, Fashion; Business: Advertising, PR & marketing, Business services, Clothing & accessories, Retailers, Sports
--------------------------------------------------
Globalite Industries Open Footwear Range in India


New Delhi, Delhi, India, Wednesday, May 23, 2012 -- (Business Wire India) -- M/s Globalite Industries Private Limited, the wholesale licensee for Lotto Open Footwear range in India, based in Delhi, announces the launch of its own brand GLOBALITE. Globalite introduces a globally inspired footwear line for the youth of the country that is also cost-effective. The brand's tagline "Playfree" accurately expresses its functional aspects, as each pair of Globalite footwear is ultra light, comfortable, durable, ready to take on challenges and perform with gusto and energy.

Despite similarities in India and China's demographics and business potential, unlike China, the branded or organized players in the footwear industry in India, constitute less than a mere 5% of the total market share. Globalite is the first to have identified this opportunity in the branded market segment in India. With a population of over a billion, 60% of which comprises of youth, Globalite believes the country can be the largest consuming economy in the world. Hence, its market acquisition potential is of an astronomical size, and has the potential to grow exponentially.

The brand aims to support and promote the majority of young sportsmen who cannot afford the existing sportswear labels in India. "The Sports sector in India represents a vast chunk of under-utilized talent. Globalite as the first home grown sports brand has realized this deprivation, and has taken upon itself, the promise to usher in a new era of sports, in the country," says Lalit Kishore, Managing Director, Globalite.

Besides matching global fashion tastes, the brand is supported by international partnerships and arrangements, and it is driven by people who hold experiences of working across the world. Brand Globalite is always working out efficient ways of working, putting in place measures which help it extend world class footwear at affordable prices. Brand Globalite is driven by a DNA of innovation and creativity. Inspired by trends observed worldwide, Globalite presents a product line that combines technology, innovation, style and quality. This encompasses striving towards better and newer ways across product R&D, marketing strategies, manufacturing techniques etc. Combining these, the brand is able to create footwear which keeps improving the industry standards.

With every new technology launch, the brand invests in a mega viral launch plan. It continues to tap into the television space with HomeShop18 reaching 5 million consumers across 5000 cities instantly. Besides, Globalite is the only sports brand in India with its own webshop which uses new age tools to link offline traffic to e commerce while offering an exclusively international shopping experience for its young consumers.

Globalite wishes to cultivate in the nation, the spirit of health and fitness. In an attempt to make a difference at the macro level and bring India's sports industry on par with the global platform; it wishes to promote the culture of sports, from the grass roots. As a State Sports Partner, it plans to seek patronage from the state leader and empower the masses by sponsoring state level sports events and teams, sports coaches' kits at government schools and colleges and bringing out a health shoe. As a Corporate partner, it is targeting corporates, colleges, schools etc in a big way by getting associated as sports partners with big names like McKinsey, SRCC College, and Amity University and so on thus offering certain benefits directly to the customers.

Globalite is easily available in retail outlets and plans to widen its base by opening up its own retail outlets and be in major wholesale markets across India. Its modern whole sale accounts include Bharti-walmart, MetroCC, Carrefour and Aditya Birla. It is also present in three thousand MBOS (Multi Brand Outlets) across India, through a robust distribution network.

About Globalite:

M/s Globalite Industries Private Limited is the wholesale licensee for Lotto Open Footwear range in India, headquartered in New Delhi. Globalite Industries is a SPV company, an extension of Sports lifestyle Pvt Ltd (Master licensee for Lotto in India).

In addition, the company has launched its own brand by the name of GLOBALITE, specializing in a globally inspired footwear line for the youth in the country at the right price. GLOBALITE has identified the largest growing consumer segment in the country - the middle segment urban youth. It aspires to bring to the fore revolutionary product lines combining innovation, style and quality. The middle segment in India is aggressively spearheading its growth. There is a large potential for a brand which caters to the section of the population, that wishes to wear an international aspiring brand but cannot afford to.



CONTACT DETAILS
Kanika Chhabra,Sr. Accounts Manager, Value 360 Communications - An Affiliate of Huntsworth, +91 (11) 46658888/+91 9811773639, kanika@value360india.com

KEYWORDS
CONSUMER, FASHION, MARKETING, BUSINESS SERVICES, CLOTHING, RETAIL, SPORTS

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com