Apranga Group retail turnover in October exceeded EUR 10 million for
the first time
The turnover of Apranga Group, the leader of retail apparel market,
made LTL 35.5 million in October, 2006 and for the first time exceeded
EUR 10 million (VAT included), increasing by 50% comparing to the
result of October last year.
Retail turnover of Apranga Group in October in Lithuania was LTL 24.0
million (EUR 6.9 million, increasing by 58.2%), in Latvia LTL 7.8
million (EUR 2.2% million, increasing by 32.8%), and in Estonia LTL
3.6 million (EUR 1 million, increasing by 41%).
Retail turnover of Apranga Group in January through October 2006 was
LTL 238.5 million (EUR 69.1 million), and has increased by 47.8% in
comparison to the same period last year.
High growth rates were characteristic to all five chains developed by
Apranga Group: economy chain (“Apranga”) turnover grew by 34.7%, youth
chain by 61.2%, business chain by 37.3%, luxury chain by 36.2%, and
Zara chain by 64.8%.
Apranga Group has already opened 17 new stores (12 in Lithuania, 3 in
Latvia, and 2 in Estonia) with the total area of 9,000 sq. m. and
investments of around LTL 20 million (EUR 5,8 million) this year.
Three new stores will be opened by the end of this year. 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
