India is leading in terms of growth rate among Asia-Pacific (APAC) markets for Lacoste, and the brand anticipates continued robust growth in the country. According to Marcus Meyer, Chief Executive Officer, Asia-Pacific, Lacoste, India holds the top spot for growth rate in the APAC region. He cited the rising buying power of Indian consumers and increasing disposable incomes as key drivers of this growth. Meyer also highlighted the positive outlook for the Indian retail market, which is expected to grow significantly from $690 billion in 2022 to around $2.3 trillion by 2032, according to estimates from institutions like Anarock and the Retail Association of India. Even if the market reaches $1.6 trillion, it presents substantial growth opportunities for Lacoste. The brand, known for its polo neck shirts, has been present in India for three decades and currently operates in 17 cities. Meyer expressed intentions to expand into more cities and enhance the brand’s offerings in various categories, such as footwear, leather goods, kids’ wear, accessories, and eyewear. Despite increasing competition in India’s market over the past few years, Lacoste remains optimistic about its growth prospects in the country. Meyer did not provide a specific timeline for the brand’s expansion plans.
India is the top market in terms of growth rate
