Aldo to open nine stores in the GCC by 2014
Five stores to open in Abu Dhabi by the end of this year
Dubai: Shoe and accessory brand Aldo plans to open five stores in Abu Dhabi in the last quarter of this year, Sachin Banodkar, general manager of Aldo Group International Brands told Gulf News in an interview.
The stores will be a mixture of Aldo Group’s brands, including Aldo Footwear, Aldo Accessories and Call it Spring. There will be three stores in Deerfields Townsquare mall, and two in Ruwais Mall, which are expected to open in October and November, respectively.
In addition, two stores are planned to open in Qatar and two in Kuwait next year.
When asked about sales growth, Banodkar said: “We have been growing with strong double digit growth rates in the UAE year on year and we foresee the trend to continue in the short to medium term.”
The majority of Aldo’s customers are women. The female product categories account for “between 50 and 55 per cent” of its sales, he said.
The Aldo Group has 95 stores in the GCC, including the UAE, Kuwait, Bahrain, Qatar and Oman.
The retailer recently opened its new flagship store at Ibn Battuta Mall, covering an area of 5,984 square feet.