Canada's fashion brand Aldo picks Shanghai for comeback

Canada-based fashion footwear, handbag and accessories company Aldo has made an ambitious comeback to the China market by opening a flagship store in Shanghai on June 15.

The company plans to operate about 75 stores in China and expects up to 10 percent of its global revenue to come from China in the coming decade, said its founder.

Aldo had a branch in China in 2018, but closed all its operations, including retail stores in the country, in 2019 due to changes in the Chinese market dynamics and consumer demands.