Vilnius, Lithuania, 2011-04-01 12:50 CEST (GLOBE NEWSWIRE) -- The retail turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 28.9 million (EUR 8.4 million) in March 2011, and has increased 7.4% in comparison to March 2010.
The retail turnover (including VAT) of Apranga Group has made LTL 86.3 million (EUR 25.0 million) in January through March 2011 or 8.3% more than in 2010.
In January through March 2011 the retail turnover of Apranga Group in Lithuania was LTL 56.2 million (EUR 16.3 million), and increased 4.7% year-on-year.
In 1st quarter 2011 the retail turnover of Apranga Group in Latvia has made LTL 19.9 million (EUR 5.8 million), and increased 7.7% year-on-year.
In 1st quarter 2011 the retail turnover of Apranga Group in Estonia has made LTL 10.2 million (EUR 2.9 million), and increased 35.0% year-on-year.
During 1st quarter 2011 Apranga Group opened four new stores and closed two Outlet stores. At the end of March it was completely renovated according to the latest concept the exemplar “Apranga” store in shopping and entertainment center “Akropolis” in Vilnius.
Currently Apranga Group operates the chain of 116 stores covering an area of 63.3 thousand sq. m. Comparing to 1st April 2010, the stores area was increased by 2%.
Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
Saulius Bačauskas
Apranga Group CFO
+370 5 2390843