Apranga Group Reports Impressive Growth in Retail Turnover
Strong Retail Performance of Apranga Group
In September 2024, Apranga Group reported a retail turnover of EUR 28.5 million, marking an impressive increase of 6.5% compared to the same month last year. This positive trajectory reflects the Group's commitment to enhancing its market presence and customer satisfaction.
Quarterly Achievements
During the third quarter of 2024, the overall retail turnover of Apranga Group reached EUR 89.8 million, which signifies a year-on-year growth of 7.4%. Breaking it down by regions, the Group experienced notable growth in its retail turnover in Lithuania with an increase of 6.3%, while Latvia exhibited even more remarkable performance with a 15.6% surge. However, in Estonia, the turnover witnessed a slight decline of 0.7% compared to the previous year.
Year-to-Date Performance
Looking at the broader picture, from January to September 2024, Apranga Group's retail turnover totaled EUR 251.4 million, resulting in an 8.7% increase year-on-year. This growth demonstrates the effectiveness of the Group's strategies in adapting to market changes and consumer demands.
Segment Growth by Region
In the first three quarters of 2024, the retail turnover in Lithuania amounted to EUR 148.6 million, with a year-on-year increase of 7.1%. Latvia showcased robust growth, reaching EUR 64.9 million, which is a significant rise of 16.5%. In Estonia, the retail turnover was EUR 37.8 million, reflecting a more modest increase of 3.2% year-on-year.
Expansion and Renovation Activities
Apranga Group has also made strides in its physical presence in the market by opening five new stores and renovating eleven others within the first nine months of 2024. Unfortunately, the Group had to close four stores during this period, but overall, it continues to expand its footprint in the Baltic region.
Store Overview
At present, Apranga Group operates 170 stores, distributed across Lithuania, Latvia, and Estonia, with 102 stores located in Lithuania, 44 in Latvia, and 24 in Estonia. The total retail space covered by these stores has increased by 1.7% compared to last year, totaling approximately 91.5 thousand square meters.
Contact Information
If you have any inquiries or need further information, please reach out to:
Rimantas Perveneckas
General Manager, Apranga Group
+370 5 2390801
Frequently Asked Questions
What is the total retail turnover of Apranga Group in September 2024?
In September 2024, the retail turnover of Apranga Group amounted to EUR 28.5 million.
How did Apranga Group's performance in Q3 2024 compare year-on-year?
In Q3 2024, Apranga Group's retail turnover increased by 7.4% year-on-year, totaling EUR 89.8 million.
What regions contributed to Apranga Group's growth in Q3 2024?
In Q3 2024, Lithuania and Latvia showed growths of 6.3% and 15.6% respectively, while Estonia saw a slight decline of 0.7%.
How many stores does Apranga Group operate currently?
Apranga Group currently operates 170 stores across the Baltic region.
What strategies is Apranga Group using to expand its market presence?
Apranga Group is expanding its market presence through store openings, renovations, and enhancing customer engagement.
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