Top Secret to open 20 stores per year

Clothing brand Top Secret - a subsidiary of Redan - plans to expand its sales network at a rate of 2,000-3,500 sqm annually, i.e. about 20 stores a year, according to a statement from the company chairman, Grzegorz Lipnicki. "We have carried out analysis and in the next three years we are able to open about 20 stores a year, which means an increase in the area of 2,000-3,500 sqm per year to about 35,000 sqm at the end of 2020," said Lipnicki during a press conference. "Some 90 percent of the stores we open are franchise stores, and this year and next year we want to focus on development in our country. We are not excluding a stronger exit from our business in Poland in the future, but we are not necessarily talking about commercial outlets, but rather wholesale and e-commerce," said Lipnicki. Top Secret clothing is available in Poland, Ukraine, Russia, the Czech Republic, Slovakia and Belarus. Sales are realized mainly through retail and internet stores. Retail sales take place through franchise stores and the company's own outlets. The Redan capital group operates in the field of retail clothing sales in Poland and other countries of Central and Eastern Europe. The company has been listed on the Warsaw Stock Exchange since 2003.