Apranga Group Reports Steady Growth in Retail Turnover

Author: Ryan Hughes Updated: 04-01-2025 09:19 AM

Apranga Group's Retail Performance in March 2025

Apranga Group has reported a notable retail turnover of EUR 26.9 million in March 2025, marking a 2.5% increase compared to the same month last year. This consistent growth reflects the company’s commitment to enhancing its market presence and customer engagement in the Baltic retail sector.

First Quarter Overview

During the first quarter of 2025, Apranga Group achieved a retail turnover (including VAT) of EUR 73.8 million, a year-over-year increase of 2.2%. This performance indicates a steady result, highlighting the resilience of the company in a competitive retail environment.

Regional Growth Trends

In terms of regional performance for Q1 2025, Apranga Group witnessed a solid growth rate of 4.5% in Lithuania. Conversely, Latvia experienced a modest increase of 1.7%, while Estonia faced a decline of 6.6%. Such mixed results underline the diverse market dynamics across the Baltic region.

Store Renovations and Changes

Apranga Group undertook significant renovations during the first quarter, completing updates in 4 of its stores. This included the enlargement of 2 locations, enhancing the shopping experience for customers, while 2 stores were closed as part of strategic operational adjustments.

Operational Scope

Currently, Apranga Group operates a robust network of 169 stores across the region, with 102 situated in Lithuania, 43 in Latvia, and 24 in Estonia. Encompassing a total gross area of 91.7 thousand square meters, the total store area saw an increase of 1.1% year-over-year, reflecting ongoing investment and growth in retail space.

Future Prospects

Looking ahead, Apranga Group continues to adapt to market changes, focusing on strategic renovations and store expansions. The proactive measures taken to enhance its retail offerings are expected to bolster its growth trajectory and improve customer satisfaction. Maintaining a competitive edge in the retail landscape is vital as they navigate through ongoing economic fluctuations.

Commitment to Quality

Under the leadership of General Manager Rimantas Perveneckas, Apranga Group aims to continue its expansion and enhance its service offerings. The removal of underperforming stores and investment in successful locations demonstrates a clear strategy aimed at maximizing profitability and customer reach.

Frequently Asked Questions

What was Apranga Group's retail turnover in March 2025?

Apranga Group reported a retail turnover of EUR 26.9 million in March 2025.

How did the turnover change compared to March 2024?

The turnover experienced a growth of 2.5% compared to March 2024.

What was the total turnover for Q1 2025?

In the first quarter of 2025, the total retail turnover was EUR 73.8 million.

Which Baltic country saw the highest growth in turnover?

Lithuania saw the highest turnover growth, with an increase of 4.5% in Q1 2025.

How many stores does Apranga Group currently operate?

Apranga Group operates a total of 169 stores across the Baltic region.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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