Stradivarius - is the fourth concept of the global retail clothing leader
Inditex that will be developed by Apranga group in the Baltics under the
franchising agreement. According to the four years development plan of Apranga
Group, the Stradivarius chain in the Baltic States will be expanded up to 10
stores.
The first store of Stradivarius was opened in Barcelona, Spain in 1994 and was
acquired by the Inditex Group five years later. Today 406 Stradivarius stores
in 25 countries are opened, 77 of them opened in 2007. Net sales of
Stradivarius for 2007 reached LTL 1.8 billion (EUR 521 million), 22% higher
than in 2006.
Currently Apranga Group operates a chain of 89 stores: 60 in Lithuania, 24 in
Latvia, and 5 in Estonia. The retail turnover (including VAT) of Apranga Group
has made LTL 273.5 million (EUR 79.2 million) in seven month 2008 and has
increased by 24.8% comparing to corresponding period of 2007.
Apranga Group already launched 6 new stores this year. Until the end of the
year 15 new openings are expected, 4 stores will be closed. Company intends to
devote more attention to the expansion in Estonian market were chain operates 5
stores for the moment.
Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801
Irma Marcinkiene
Apranga Group Marketing Director
+370 5 2390802
