Komentarai Siųsti draugui Spausdinti Vertinimas Neįvertintas

APG: Apranga Group optimises retail chain

Spekuliantai.lt | 2009-09-21 | NASDAQ OMX biržų naujienos | perskaitė: 1104
Raktiniai žodžiai: Apranga APB, APG
APG: Apranga Group optimises retail chain

Apranga APB Investor News 21.09.2009

Apranga Group optimises retail chain

On 21 September, Apranga Group closed the largest shop (3000 sq. m.) of its
chain which is City shop located in Vilnius Gedimino Avenue. However, after 2
days, two new stores will be opened in the central street of Vilnius - City
Women (total area of 485 sq. m.) and City Men (total area of 430 sq. m.). The
collections of the brand names Hugo Boss, Hugo, Max Mara, Armani Collezioni
will complement group managed luxury stores in the Vilnius' Town Hall Square.
The main reasons led to these adjustments were significant drop in consumption,
rent conditions inadequate to current market situation, and overestimation of
Gedimino Avenue potential as a commercial street.

Over the past 5 years Apranga Group has implemented an impressive development
programme, opening 70 new stores with a total area of almost 50000 square
meters. Group's turnover increased by 4 times and exceeded LTL 500 million in
2008. Development programme of the Group has been tied to the further growth of
the economy in the Baltic States.

In reaction to a substantial change in the economic situation in the Baltic
countries, Apranga Group started chain optimisation aiming to eliminate
non-profitable and unhopeful in a few years shops, what would increase
efficiency of the retail chain. Following to the optimisation process Group
owned chain area will decrease by 7 - 8% till spring 2010. In addition, 4 - 5%
of existing stores area will be redesigned. Group has already closed 3 stores
(2 in Lithuania and 1 in Estonia) in September. Another 6 stores (4 in
Lithuania and 2 in Latvia) were transformed into other concepts.

Currently Apranga Group operates the chain of 115 stores in the Baltic States:
75 in Lithuania, 32 in Latvia, 8 in Estonia.

Rimantas Perveneckas
Director General of Apranga Group
+370 5 2390801

Taip pat skaitykite

DPK: Decisions of the regular meeting of shareholders dated 27.05.2013

VLN: NEW MUTUAL FUND TO THE BALTIC FUND CENTER

VLN: The results of the primary placement auction of Lithuanian Government securities

VLN: VVP pirminio platinimo aukciono rezultatai

2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos

Komentarai



Ekonominis kalendorius

Prekybos statistika realiu laiku

Techninės analizės įrankis

Privatumo politika Reklama Kontaktai Paskolos RSS RSS
© 2006-2024 UAB All Media Digital