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Friday, 29.03.2024, 15:17
Pepco discounter to expand to Latvia in 2018
The
company’s representatives said that the first Pepco stores would open in Riga in March next year. Pepco plans to open 12 stores in Latvia
by the end of 2018 and to increase their number to 30 by 2020.
Pepco plans to
employ more than 200 people in its Latvian chain. The stores will be located in
various regions of Latvia, mainly in cities with more than 10,000 residents.
The company is currently looking for property owners to negotiate a lease of
500 square meters large premises.
Pepco does not
intend to set up franchises, the representatives said.
The company’s representatives also informed that Pepco stores sell
clothes, underwear, accessories, toys, home interior products, textiles and
other goods. Clothing makes up around 60 percent and households goods around 40
percent of the products sold by Pepco.
Pepco, established in
2004 in Poland, is now operating discount store chains in across Central and
Eastern Europe. Pepco operates more than 1,200 stores in the Czech
Republic, Croatia, Hungary, Poland, Slovakia, Slovenia and Romania. In December
2017, the company is going to open its first store in Lithuania. Pepco employs
11,000 people in several countries.
Pepco belongs to
the South Africa-based investment company Pepkor, which is listed on the
Frankfurt Stock Exchange.