Lithuania, Markets and Companies, Textile

International Internet Magazine. Baltic States news & analytics Friday, 25.07.2025, 06:40

Apranga plans 10.7% increase in turnover in 2011

Danuta Pavilenene, BC, Vilnius, 23.02.2011.Print version
The retail turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group plans to reach 420 million litas retail turnover in 2011, or 10.7% more, as compared with 2010, the company reports to NASDAQ OMX Vilnius.

Apranga Group will open five to eight new stores during 2011, and five-seven stores will be totally reconstructed, writes LETA/ELTA.

 

There is also opening of two new brand name stores in Lithuania and the Baltic States in plans of Apranga Group in 2011.

 

Apranga Group is going to open three new stores during last week of February 2011: "Promod" in a shopping center "Mega" in Kaunas, "Promod" in a shopping center "Akropolis" in Klaipeda, and "City" in a shopping center "Spice" in Riga.

 

Currently Apranga Group operates the chain of 115 stores in Baltic States: 74 – in Lithuania, 31 – in Latvia, and ten – in Estonia.

 

Apranga Group represents more than 40 best-known trademarks of European apparel manufacturers and works under franchise agreements with Zara, Hugo Boss, Emporio Armani, Max Mara, Ermenegildo Zegna, Mango, Promod, Bershka, Pull and Bear, Stradivarius, Mexx, s.Oliver.

 

Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.





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