Apranga Group expands the retail network in Estonia


On August 28, the Apranga Group, leader of retail clothing market in Lithuania
and the Baltic States, opens two stores in Tartu, Estonia, concurrently - the
first Mango store with an area of 300 square metres and the first Mexx store
with an area of 300 square metres. The stores will open in the new shopping
centre Tasku and will be the first stores of the Apranga Group outside the
Estonian capital Tallinn. In the next years, the Apranga Group plans to focus
more on the development in the Estonian market, consolidate its positions in
all segments and increase its market share. The development has been planned
not only in the Estonian capital Tallinn, but also in Tartu, Pärnu and Narva. 

The Apranga Group has been developing the franchise Mango store chain in
Lithuania since 2000, the Mexx store chain in Lithuania since 2004, and in
Latvia - since 2006. 

Currently, the Apranga Group operates a chain of 91 stores in the Baltic
States: 60 in Lithuania, 24 in Latvia, and 7 in Estonia. Over seven months this
year, the turnover of the Apranga Group (VAT included) accounted for LTL 273.5
million (EUR 79.2 million), which is 24.8% more as compared to the same period
last year. During the 7 months of 2008, the turnover of retail chain of the
Group in Latvia and Estonia amounted to LTL 91.5 million (EUR 26.5 million),
which is 24.8% more as compared to the same period in 2007. The share of
turnover in foreign markets constitutes 33.5% of the overall turnover of the
Group. 

This year, the Apranga Group opened 8 new stores and plans to open 13 new
stores more and close 4 stores by the end of the year. 

Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801

Irma Marcinkiene
Apranga Group Marketing Director
+370 5 2390802