Education and Science, Lithuania, Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 22.05.2025, 06:25

Lithuanian bookshop chain Pegasas earned achieved a turnover of 3.18 million euros in January-June 2008

Danuta Pavilenene, BC, Vilnius, 29.07.2008.Print version
Pegasas bookshop chain owned by the biggest book publishing and trade group in the Baltic States Alma Literra achieved a turnover of 11 million litas (3.18 million euros) (excluding VAT) in January-June 2008, an increase of 66% year-on-year.

"The good results were determined by the selling promotions, which attracted quite a number of visitors to the bookshops, and by the active bookshop chain development in Lithuanian regions," said Mindaugas Balciunas, director of the bookshop chain Pegasas.

 

According to Balciunas, it is planned to open 4-5 bookshops by the end of the year, the biggest of which (500 square meters) will be established in the retail trade center Panorama, in Vilnius.

 

The bookshop chain was established five years ago and at the moment it encompasses 26 bookshops in fifteen towns of Lithuania. Alma Littera plans to own 35 bookshops by 2009.

 

Alma Littera group owns publishing houses Alma Littera and Sviesa, as well as the book chain Pegasas and Knygu Klubas. The group consists of about 470 employees.





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