Two men have been arrested after an aggravated robbery in Dunedin.

At 4.30 on Saturday afternoon, two men threatened and attempted to assault the victim on the intersection of High and Hope Sts.

The two men stole the man's bag which contained shoes and socks. One of the men demanded the victim's wallet but was unsuccessful.

A second victim was then assaulted. The two men have been arrested, but police are looking for witnesses.

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Close to the time of the aggravated robbery, one of the men arrested also tried to obtain money from people on Hope St.

Anyone with information is asked to call Dunedin police on 03 4715 064.