The first Aldo store in Latvia will open in autumn
Apranga, the largest Baltic ready-to-wear retailer in the Baltic States, controlled by MG Baltic, opened the first Aldo shoe store in Vilnius in the Baltic States at the Akropolis shopping center. Apranga expects to open the first Aldo store in Riga this fall.
“Aldo is one of the fastest growing shoe and accessories chain stores in the world. Now the brand is especially actively developing in the European region, recently opened stores in the Czech Republic, Croatia, Bulgaria, a network is developing in England. I think it should fit into the Lithuanian footwear market, ”said Rimantas Pärvänäckas, General Director of Apranga Group.
Investments in each store amount to about 345 000 litas, and the area of the new store in Vilnius is 120 square meters.
The group plans to open a total of about 15 Aldo stores in Lithuania, Latvia and Estonia over the next five years. The network in the Baltic countries will operate on the basis of a franchising agreement with the Canadian Aldo Group of August 2011, writes biznes.delfi.lv.
In March, Apranga Group opens a total of 8 stores in Lithuania and Latvia.
“We are seeing signs of recovery in all three Baltic countries. We invest in updating the network, increasing the competitiveness of the company, and also developing those brands for which we see potential in all three Baltic countries. In addition, we constantly monitor the markets of Europe and America, the re-emerging brands in different segments, ”said Pärvänjackas.
Apranga, the largest Baltic ready-to-wear retailer in the Baltic States, controlled by MG Baltic, has opened the first Aldo shoe store in Vilnius in the Baltic States in the shopping center ...
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