Apranga Group accelerates expansion
The turnover of Apranga Group, the leader of retail apparel market in
Lithuania and the Baltics, made LTL 28.7 million in November (EUR 8.3
million), increasing by 54,5% comparing to the November, 2005.
Retail turnover of Apranga Group has increased by 62.9% in Lithuania,
78.0% in Estonia, and 25.5% in Estonia in November.
Turnover of retail chain of Apranga Group in eleven months, 2006 was LTL
267.3 million (EUR 77.4 million), or 48.5% more than in corresponding
period last year.
Apranga Group has already opened 17 new stores in 2006. There will be 4
new openings before the end of the year.
“Apranga” group plans especially rapid expansion and rearrangement in
1st quarter, 2007. Only in February trough March there are plans to open
13 new stores, to rearrange 2, and to close 3.
Currently Apranga Group owns a chain of 64 stores: 46 in Lithuania, 15 in
Latvia, and 3 in Estonia.
Apranga Group is owned by the concern MG Baltic.
Rimantas Perveneckas
Apranga Group General Manager
+370 5 2390801
