Apranga opens 1st Stradivarius store in the Baltic States
April 11, 2008 - Lithuania
On 9 of April the Apranga Group opens the first Stradivarius store in the Baltic States in shopping and leisure centre Akropolis. The new store of 455 sq. m will present up-to-the minute fashion for the creative and dynamic young women.
Stradivarius is the fourth concept of the global clothing retail leader Inditex that will be developed by Apranga group in the Baltic States. According to the four-year 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. Today 388 Stradivarius stores in 25 countries are opened, 77 of them opened in 2007. Net sales of Stradivarius for 2007 reached LTL 1.8 million (EUR 521 million), 22% higher than in 2006.
Currently Apranga Group operates a chain of 86 stores (57 in Lithuania, 24 in Latvia, and 5 in Estonia). The retail turnover (including VAT) of Apranga Group has made LTL 121.5 million (EUR 35.2 million) in 1st quarter of 2008 and has increased by 32.4% comparing to 1st quarter.