Home / Knowledge / News / Apparel/Garments / Apranga plans to double investments in apparel retail

Apranga plans to double investments in apparel retail

03
Jan '12
The leader of retail apparel market in Lithuania and the Baltic States Apranga Group plans to reach LTL 461,8 million (EUR 133,7 million) retail chain turnover (including VAT) in 2012, or by 7.6% more, than in 2011.

Apranga Group plans to double investments into development and renovation of the chain in 2012. The Group will open 9-11 new stores during 2012, and 8 stores will be totally reconstructed.

The retail turnover (including VAT) of Apranga Group has made LTL 429.2 million (EUR 124.3 million) in 2011, and has increased by 13.1% comparing to 2010. The Group has exceeded the planned year 2011 turnover (LTL 420.0 million or EUR 121.6 million) by 2.2%.

During the year 2011 Apranga Group opened 9 and totally reconstructed 5 stores. Total investments into development of the chain exceeded LTL 6.5 million (EUR 1.9 million) in 2011.

Currently Apranga Group operates the chain of 121 stores.

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

Apranga Group is a distinct leader of clothing retail in the Baltic States. At the beginning of 2003, the company started its activity in Latvia. In 2004 company expanded to Estonia. Currently, the Group operates a chain of 116 stores in the Baltic States: 75 – in Lithuania, 31 – in Latvia, and 10 – in Estonia.

Apranga Group


Must ReadView All

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Digital e-com rules may negatively affect developing

Many digital rules being framed by a group of 86 countries under the...

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Jordan govt urged to impose tax on online purchases from

Asad Qawasmi, who represents the garment and jewellery sector at the...

Pic: Huntsman Textile Effects

Textiles | On 3rd Mar 2021

Huntsman, Sciessent partner for microbe & odour resistant

Huntsman Textile Effects, a Singapore-based provider of high-quality...

Interviews View All

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

DP Kumar,

DP Kumar

Weaves is South India's premier textile fair organised by Texvalley in...

Boban Charly,

Boban Charly

Bierrebi designs and manufactures automatic machines that cut fabric into...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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

Leave your Comments


February 2021

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


Advanced Search