Apranga announces retail turnover for October 2007

07 Nov '07

2 min read

The retail turnover of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 47.8 million (EUR 13.9 million) in October 2007, increasing by 34.8% in comparison to October 2006. Apranga Group beats absolute monthly retail turnover record for fourth month in a row.

In October 2007 the retail chain turnover of Apranga Group in Lithuania was LTL 31.7 million (EUR 9.2 million) increasing by 32% in comparison to the 2006 result. Retail turnover of Apranga Group in foreign markets was LTL 16.1 million (EUR 4.7 million) and has increased by 40.6%.

In spite of unusually warm weather, 33 of 79 stores of “Apranga” group reachedabsolute monthly turnover records in October. The turnover of Apranga Group retail chain has made LTL 354.3 million (EUR 102.6 million) in January through October 2007, increasing by 48.5% comparing to corresponding period of last year.

In ten months of 2007 the retail chain turnover of Apranga Group has increased by 48.4% in Lithuania, 54.1% in Latvia, and 35.3% in Estonia.

The highest growth rate was achieved by the youth chain stores (96.6%), and luxury chain stores (43.8%).

In 2007 Apranga Group has already opened or reconstructed 23 stores, 6 stores were closed. Apranga Group will open 4 more stores in November 2007, including 3000 sq. m. department clothing store in Vilnius, biggest in Northern Europe “Hugo Boss” store in Riga, and the first “Bershka” store in Tallinn.

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