Zara chain of stores is developed in the Baltic States according to the
franchise contract signed between the Apranga Group and the global retail
clothing leader Inditex. Both companies started cooperation in 2004, when the
first Zara stores were opened in Tallinn, Riga, and Vilnius. Currently, the
Apranga Group operates 20 franchise Inditex Group stores in the Baltic States
(9 Zara stores, 7 Bershka stores, and 4 Pull and Bear stores). In spring 2008,
Vilnius will see the opening of the first Stradivarius store, which also
belongs to the Inditex chain. According to the development plans of the Apranga
Group, the franchise Inditex store chain will be expanded to 50 stores in
Lithuania, Latvia, and Estonia by 2011.
The Apranga Group operates a chain of 82 stores in the Baltic States: 55 - in
Lithuania, 22 - in Latvia, and 5 - in Estonia. This year, the Apranga Group
opened or reconstructed 29 stores, including the first clothing and accessory
department store in Lithuania with an area of 3000 square metres in Vilnius. In
2007, the area of the chain operated by the Apranga Group increased by 15.100
square metres, and now reaches 53.600 square metres.
In January-November 2007, the retail turnover of goods of the chain operated by
the Apranga Group amounted to LTL 392.6 million (EUR 113.7 million), and
exceeded the turnover of the same period of the previous year by 46.9% (LTL
267.3 million [EUR 77.4 million]). Over January-November, the turnover of the
Apranga Group chain increased by 46.8% in Lithuania, 54.8% - in Latvia, and
28.3% - in Estonia.
According to the specified forecasts, in 2007, the Apranga Group plans to reach
the retail turnover of LTL 435 million (EUR 126 million), and earn profit
before taxes amounting to LTL 32.5 million (EUR 9.4 million).
The company belongs to the concern MG Baltic.
Rimantas Perveneckas
Director General of Apranga Group
+370 5 2390801
Irma Marcinkiene
Marketing Director of Apranga Group
+370 686 94312
