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Shanghai (Profitable.com) The Walt Disney Company China, today officially announced plans to build the Company’s first, and the world’s largest Disney Store in Lujiazui in Shanghai.
Marking the occasion was the official signing ceremony between Mr. Stanley Cheung, Executive Vice President and Managing Director, The Walt Disney Company, Greater China and Mr. Li Jinzhao, General Manager Shanghai Lujiazui Finance and Trade Zone Development Co., Ltd. The event took place at the Pudong Government offices with Governor Mr. Jiang Liang and Vice Governor Madam Liu Zhengyi present at the ceremony.
“We are enormously proud to be building Disney’s largest store in the world in China,” said Mr. Stanley Cheung, Executive Vice President and Managing Director, The Walt Disney Company, Greater China. “Disney has combined the retail concept with storytelling, fun and innovation and will provide families with a uniquely immersive entertainment destination featuring our best-loved stories and characters,” he added.
Mr. Yang Xiao Ming, General Manager of Shanghai Lujiazui (Group) Company Limited said, “As the overall developer of Lujiazui Finance District and an investor in Shanghai Disney Resort’s Chinese joint venture partner, The Shanghai Shendi Group, we are very pleased to partner with The Walt Disney Company and have the Disney Store located here in Lujiazui. The addition of the store, the innovative design, and product and entertainment offerings will provide the Lujiazui area with a family friendly destination focus point and will contribute to Shanghai’s reputation and leadership as a family, business, cultural, entertainment and tourism destination.”
Slated to open in early 2015, the 5000 square meters (or 53,000 square feet) Disney Store Lujiazui site will be located in Shanghai’s financial hub, and will feature a state-of-the art Disney Store retail space (approximately 1000 square meters or 10,800 square feet) and a Disney-themed outdoor plaza area.
The interior of the store will be designed using Disney’s award-winning innovative store format. Featuring cutting-edge technologies, families and kids will be able to interact with their favorite characters and stories from across Disney, Pixar, Marvel and Star Wars. “China’s flagship Disney Store will feature the largest and most diverse collection of Disney products by local and international designers,” added Mr. Cheung.
The plaza will feature Disney-themed landscaping, a first for any Disney Store property in the world, and will have the capacity to host outdoor events providing a destination hub for family entertainment. It will also be an important site where fans can track the progress of Shanghai Disney Resort which is targeted to open at the end of 2015. The surrounding area commands foot traffic of over 40 million visitors a year and is a destination for many shoppers, visitors and tourists to Shanghai.
The Disney Store made its debut in 1987 and now spans 340 locations around the world. The store in Shanghai will represent the first store on the Chinese mainland.
About The Walt Disney Company in China
The Walt Disney Company (NYSE: DIS), together with its subsidiaries and affiliates, is a diversified international family entertainment enterprise with five business segments. Disney’s first animation screened in China in the 1930s and today our long association continues with offices in Beijing, Shanghai and Guangzhou with over 2000 employees. The company is focused on creating high-quality entertainment experiences and effectively building local and Disney franchises in China. Disney currently has several established businesses in the country, including studio entertainment, parks and resorts, consumer products, media networks, interactive media, and its English language program, Disney English, which launched in 2008. In September 2005, Disney opened its doors to its first theme park in China, Hong Kong Disneyland and in 2011 announced ground breaking for the Shanghai Disneyland Resort, a joint venture with Shanghai Shendi Group. Disney is a Dow 30 Company, had annual revenues of over US$40.9 billion in its most recent fiscal year, and a market capitalization of US$121.69 billion as of 23 Oct, 2013. For more information about The Walt Disney Company please visit: http://corporate.disney.go.com/
About Disney Store
The Disney Store retail chain, which debuted in 1987, is owned and operated by Disney in North America, Europe, and Japan. Disney Store is an affiliate of Disney Consumer Products, the business segment that extends the Disney brand to merchandise. Disney Store carries high-quality products, including exclusive product lines that support and promote Disney’s key entertainment initiatives and characters. Disney Store opened its first store in Glendale, California and, in doing so, originated the themed retail business model. There are currently more than 200 Disney Store locations in North America; more than 40 Disney Store locations in Japan; more than 100 Disney Store locations in the United Kingdom, France, Spain, Italy and Portugal, and online stores disneystore.com and disneystore.co.uk. Each Disney Store location offers a magical shopping experience that can only be delivered by Disney (NYSE: DIS), one of the world’s largest and most successful entertainment companies.