Over the past 5 years Apranga Group has implemented an impressive development
programme, opening 70 new stores with a total area of almost 50000 square
meters. Group's turnover increased by 4 times and exceeded LTL 500 million in
2008. Development programme of the Group has been tied to the further growth of
the economy in the Baltic States.
In reaction to a substantial change in the economic situation in the Baltic
countries, Apranga Group started chain optimisation aiming to eliminate
non-profitable and unhopeful in a few years shops, what would increase
efficiency of the retail chain. Following to the optimisation process Group
owned chain area will decrease by 7 - 8% till spring 2010. In addition, 4 - 5%
of existing stores area will be redesigned. Group has already closed 3 stores
(2 in Lithuania and 1 in Estonia) in September. Another 6 stores (4 in
Lithuania and 2 in Latvia) were transformed into other concepts.
Currently Apranga Group operates the chain of 115 stores in the Baltic States:
75 in Lithuania, 32 in Latvia, 8 in Estonia.
Rimantas Perveneckas
Director General of Apranga Group
+370 5 2390801
