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Wednesday, 24.04.2024, 14:27
Owner of Zara fashion stores in Latvia raises sales 8.7% in 2017
BC, Riga, 15.08.2018.
Print version
Print versionApranga LV, the Lithuanian-controlled owner of Zara fashion stores in Latvia, closed 2017 with higher turnover and profit, according to Firmas.lv business database, informed LETA.
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The company posted EUR 15.118 mln in annual turnover, up
8.7% from 2016, while the company's profit grew 8.3% to EUR 1.561 mln.
The company’s management said that 2017 had been successful
in Latvia’s market. The price reduction strategy brought the planned results
and ensured a sustainable growth in the competition.
2018 will be a significant year for the Zara brand to keep
the achieved turnover result. The role of online channel will increase.
As reported, in 2016, the company posted EUR 13.914 mln
in sales and earned EUR 1.441 mln in profit.
Established in 2004, Apranga LV has a share capital of EUR
142,287. The company belongs to Lithuania's Apranga Akcine Prekybos Bendrove.
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