Lacoste is expected to open eight new retail outlets, out of which two will be situated at Mumbai and Hyderabad domestic airports. The company already has a retail outlet at Bangalore airport, and it next plans to open such stores at Delhi and Kochi airports.
The company will sell fast moving products such as T-shirts and accessories and expects total sales of more than 6 per cent from its airport retail stores from the next financial year.
In July this year, as a result of facing slower sales in 2014 and witnessing the growing online shopping trend in India, the French retailer had announced the launch of a website in 2016 to sell its products online. The company also plans to pace up the process of adding more outlets in India in the beginning of next year.
Lacoste, a symbol of relaxed elegance since 1933 is built on its genuine sporting roots and offers a unique and original universe through a wide range of products for men, women and children. (HO)
Fibre2fashion News Desk - India