Apranga Group's Retail Performance in August
In a positive sign of growth, Apranga Group reported a retail turnover of EUR 31.1 million in August, which is a significant increase of 5.9% compared to the same month last year. This result underscores the company's ability to draw in consumers even in a competitive retail landscape.
Year-to-Date Turnover Insights
From January through August, Apranga Group's retail turnover (including VAT) reached EUR 222.9 million. This marks a robust 9.0% increase compared to the same period last year, demonstrating a consistent upward trend in their business performance.
Regional Performance Breakdown
Looking at the performance across various markets, Lithuania saw a year-over-year increase in retail turnover of 6.8%. In contrast, Latvia showcased impressive growth at 17.9%, while Estonia recorded a 4.1% increase. These results reflect the group's strong market presence and effective strategies across different regions.
Store Expansion and Coverage
Currently, Apranga Group operates a comprehensive network of 169 stores, which includes 101 locations in Lithuania, 44 in Latvia, and 24 in Estonia. The total gross area of these stores spans 91.3 thousand square meters, indicating a growth of 3.2% from the previous year. This expansion highlights the group's dedication to enhancing its market footprint and reaching a wider customer base.
Company Leadership
At the helm of these initiatives is Gabrielius Mork?nas, the CFO of Apranga Group. He emphasizes the necessity of adapting to market trends and fulfilling consumer needs. For any questions, he can be contacted directly at +370 5 2390843.
Frequently Asked Questions
What was Apranga Group's turnover in August 2024?
Apranga Group’s retail turnover in August 2024 amounted to EUR 31.1 million, reflecting a 5.9% increase compared to the previous year.
How much did the year-to-date turnover increase?
From January to August 2024, the year-to-date turnover increased by 9.0%, totaling EUR 222.9 million.
Which region saw the highest growth?
Latvia experienced the highest growth with an increase of 17.9% in retail turnover compared to last year.
How many stores does Apranga Group operate?
Apranga Group currently operates a total of 169 stores spread across Lithuania, Latvia, and Estonia.
Who is the CFO of Apranga Group?
The CFO of Apranga Group is Gabrielius Mork?nas, who plays a key role in the company’s financial strategy and operations.
