Apranga Group sales in January, 2007 – excellent start of the year
The turnover of Apranga Group, the leader of retail apparel market
in Lithuania and the Baltics, made LTL 33.6 million (EUR 9.7 million)
in January, 2007, increasing by 55.1% comparing to the January, 2006
(LTL 21.7 million (EUR 6.3 million)). Growth rate in January was 40%
higher than planned yearly turnover growth of 38.6%.
Retail turnover of Apranga Group has increased by 68.4% in Lithuania,
60.2% in Estonia, and 36.7% in Latvia in January.
Turnover of luxury fashion chain developed by Apranga Group has
increased by 95%, youth fashion chain more than 2 times, business
chain (City) by 45%, Zara chain by 46%, Apranga chain by 27%.
Apranga group plans to open 14 new stores within nearest 2 month
period, also seeking increase of operational efficiency 4 stores will
be closed, and 2 rearranged. The area of 14 new stores will be around
8500 sq. m. and this will increase retail chain’s total area by 20%.
Currently Apranga Group owns a chain of 65 stores: 47 in Lithuania, 15
in Latvia, and 3 in Estonia. Capitalisation of “Apranga” shares has
reached LTL 542 million (EUR 157 million) January 31, 2007.
Apranga Group is owned by the concern MG Baltic.
Rimantas Perveneckas
Apranga Group General Manager
+370 5 2390801
