p'kolino presentation by manish saran
TRANSCRIPT
Submitted To:Nitin Malik
Submitted By:Manish Saran
The P'kolino Story
J.B. Schneider: co-founder and Marketing & Product Development Manager
Background Marketing strategy and communications experience Manager a project
Antonio Turco-Rivas: co-founder and Sales & Operations Manager
Background Corporate Finance consultant special assets Manager in Corporate Banking in the US
Goal - to create an innovation driven play company
At P’kolino
Children learn and grow through play Creating a home that nurtures and encourages play P’kolino is an entirely new concept in play furniture Smart, multi-purpose products designed to be fun,
functional and stylish
“Children grow so fast but the furniture does not and the uses are so limited”
Product offered
Play Tables P'kolino Play Table P'kolino Klick - Children Desk Play Desk
Play Organization Play Ottoman - Storage P’kolino Clothes Tree P'kolino Kube Set P'kolino Kube P'kolino Kube Drawer
Play Seating P’kolino’s Little Reader Silly Soft Seating Play Bench The Wave
Accessories Play Kit P'kolino Colored Pencils Kube Table Table Lounge Pad Ottoman Dividers
Industry Overview
Toy & furniture market - $38 billion growing at 13% pre year Playroom furniture market-1.2billion growing at 7% annually for next five
year
According to Market research .com
Playroom is not playroom without toys
Furniture Industry Highlights
Households spend over $24 billion expected to grow at 2% per year
Companies competing in this market are:
Furniture brands international Lay z boys Ashley furniture Others : Ethan Allen and local players
Furniture industry highlights
DISTRIBUTION:1. Natworks of furniture centres2. Independent sellers3. National and local chain4. Departmental stores
ACCORDING TO AFMA 1.Children’s furniture market is fastest growing
segment with 8% growth in 2003 2.Genarated $4 billion in 2003 90% Children’s bedroom furniture 10% Children’s chair, tables and toys
Toy Industry Highlights
Accounted- $34billion in 2003 Growing at 5-9% per year with 60% import
According to playthings annual report 1.Industry is highly seasonal 2.more aware of importance of play and education result - sale growth of 9% 3.retail sale expected to grow 4.3% per year to total
$37.8 in 2007 reasons-new video game technologies and next
generation systems
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Column1
Trends influencing the playroom market
More children are being born. mom’s with more income and
spending more. Grand parent are spending
more. More aware/educated parent New laws The power play campaign
Play room market structure and competition
High end segment competitors1.Truck architecture2.Casa kids3.Kidkraft
Mid segment competitors 1.Pottery barn kids 2.Billni 3.land of nod Mass segment competitors 1.brio2.Little tykes3 Imaginarium
Opportunity
Parent are more willing to pay for the product.
Educational toys growing at 9%for last 3 years
Playroom furnishings growing at7% per year.
pkolino identified fore area for improvement
1.Playroom furniture loses its value fast
2.compromise play 3.child loses interest 4.play space are unorganized
Competitive Edge
Multi-purpose
Functional
Beautiful
Safe
Fun
Educational
Strategy Plan
Strong BrandSolid Customer BaseAchieve Predictable & Sustainable GrowthCulture of Innovation
High End Consumers
• Values innovation• Brand over price• Market influencer• offer highest margins
Mid -Market Segment
• Larger mass• Introduce Low cost
products
Target
Communication Strategy
Public relationWord of mouth (child expert) Direct to the customer (web, mail & phone)
Marketing Plan
“Concerned” Parents
• Educated
• Search web options
• Strong bias towards friends & family
Authorities
• Child care experts
• Teachers
• Publications
Grandparents
• More involved
• Richer than parentschil
dren's
Pricing PlanHigh-end Pricing strategyMarket-demand pricing to maximize/sale profit
$ 650 - $ 350 (Table A)
Mid Market consumers
High end consumers
Mid Market consumers
Distribution Strategy Retail store – Customer expose to the product
- Target non-traditional Retailers - Provide “showroom” for its designs
- Viral marketing also used
E-mail & web - Powerful online catalog - Generate awareness through e-mail, keyword
search…
Retail Sales Marketing Materials - Brochures & point of purchase displays
Advertising - focus on media (print)
Direct Mail - Target high end customers from northeast
Operations strategy
1s
t
50% payment & designs to mfg. (time 0)
Mfg. develops prototype (3r
d
week)
P’kolino reviews prototype (4t
h
week)
2n
d
50% payment to mfg. & production begins (5t
h
week)
Product ready for shipment (15t
h
week)
AFECOM
Critical Risk Highly competitive market Copycat Lawsuits Product defects
Recommendations
Not restrict themselves to 0-8 groups Come up with some outdoor playing also…
Bibliography
www.p’kolino.com Atrn.p’kolino.com Childrenmarket.com Kidstoday.com Urbanbaby.com