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

UK, EU agree to take more time for Brexit deal

Textiles | On 19th Oct 2018

UK, EU agree to take more time for Brexit deal

After an ongoing Brexit summit produced no tangible results, European ...

Courtesy: Pexels

Textiles | On 19th Oct 2018

US announces intent for trade deals with Japan, EU, UK

US Trade Representative Robert Lighthizer recently notified the...

Courtesy: Turtle Limited

Fashion | On 19th Oct 2018

'We are trying to imbibe multi-utility factor in menswear'

Turtle Limited, a leading Indian brand in menswear fashion, is trying ...

Interviews View All

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


October 2018

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

news category


Related Categories:

Advanced Search