Home / Knowledge / News / Apparel/Garments / Apparel leader Apranga expands with Stradivarius chain
Apparel leader Apranga expands with Stradivarius chain
07
Aug '08
On 6th of August, the Apranga Group opens the second Stradivarius store in the Baltic States.

The store will be opened in shopping and leisure centre Akropolis located in Kaunas. The first Stradivarius store was opened in Vilnius Akropolis beginning of spring.

Stradivarius - is the fourth concept of the global retail clothing leader Inditex that will be developed by Apranga group in the Baltics under the franchising agreement.

According to the four years development plan of Apranga Group, the Stradivarius chain in the Baltic States will be expanded up to 10 stores.

The first store of Stradivarius was opened in Barcelona, Spain in 1994 and was acquired by the Inditex Group five years later.

406 Stradivarius stores in 25 countries are opened, 77 of them opened in 2007. Net sales of Stradivarius for 2007 reached LTL 1.8 billion (EUR 521 million), 22% higher than in 2006.

Currently Apranga Group operates a chain of 89 stores: 60 in Lithuania, 24 in Latvia, and 5 in Estonia. The retail turnover (including VAT) of Apranga Group has made LTL 273.5 million (EUR 79.2 million) in seven month 2008 and has increased by 24.8% comparing to corresponding period of 2007.

Apranga Group already launched 6 new stores this year. Until the end of the year 15 new openings are expected, 4 stores will be closed.

Company intends to devote more attention to the expansion in Estonian market were chain operates 5 stores for the moment.

Apranga Group

Must ReadView All

Courtesy: House of Fraser

Textiles | On 27th Apr 2017

House of Fraser's online sales up 16.1%

British department store group House of Fraser's online sales have...

Textiles | On 27th Apr 2017

Rieter completes 20 years of launching Com4 yarn

Rieter, the world's leading supplier of systems for short-staple...

Textiles | On 27th Apr 2017

Walmart releases 10th Global Responsibility Report

Walmart has released its tenth annual Global Responsibility Report,...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search