Two projects received an investment of 500,000 euros, covering expenses that included a range of books and other merchandise, necessary repairs, furniture, rent, and general operating costs. Following the opening of its new bookstores in Klaipėda and Šiauliai, “Knygos.lt” will operate physical locations across the four largest cities in Lithuania. The company has expressed ambitions to establish itself as the largest network of physical bookstores within the country.
Furthermore, the company plans to expand its reach by opening stores outside of Lithuania in the coming years. Regarding D. Grinkevičiūtė’s literary works, not all of her texts have been published.
A comprehensive collection focusing on “Western Lithuania” has been a significant strategic direction for the company’s physical bookstore network for some time. The company noted the high level of customer engagement in the Klaipėda and Šiauliai regions, reporting that sales from these areas account for 28% of their online revenue, excluding sales generated in Vilnius. The initial investment of 500,000 euros was crucial in supporting the establishment and operation of these key retail outlets.
The expansion strategy underscores a commitment to strengthening its brick-and-mortar presence while capitalizing on regional market strengths.
Topics: #bookstores #physical #invested
Two new bookstores have opened in Klaipėda and Šiauliai, each receiving an investment of 500,000 euros. This funding covers various expenses, including inventory of books and merchandise, necessary re