Turnover of Apranga Group in October 2021
03 November 2021 - 08:52PM
Turnover of Apranga Group in October 2021
The retail turnover (including VAT) of the Apranga Group
amounted to EUR 22.9 million in October 2021 and has increased by
0.4% in comparison to October 2020.
In accordance with the resolutions of the Government of the
Republic of Latvia, the Republic of Latvia has introduced new
restrictions due to the aggravation of the situation related to
COVID-19. From 14 October 2021 stores that operate in shopping
malls were not allowed to work on weekends, and from 21 October
2021 until 15 November - all Group’s stores in Latvia had to
be temporarily closed. These temporary closures had a significant
impact on the generated turnover in October 2021 in Latvia.
In October 2021, the retail turnover of the Group in Lithuania
increased by 10.3%, in Latvia decreased by 26.9% and in Estonia
increased by 8.9% year-to-year.
Due to epidemic coronavirus (COVID-19) infection, from 16
December 2020, all the Group’s stores in Lithuania were temporarily
closed. Stores in Lithuania with a separate entrance from outside
and a sales area not exceeding 300 square meters had been open
since 15 February 2021. All stores with a separate entrance from
outside had been open since 15 March 2021. All Group’s stores have
been reopened in Lithuania from 19 April 2021, however, stores
operating in shopping malls were not allowed to work on weekends,
unless they had separate entrance from outside. Eventually, all
Group’s stores have been open in Lithuania as of 29 May 2021. In
Latvia, stores were temporarily closed from 19 December 2020.
Stores with a separate entrance from outside and an area not
exceeding 7,000 square meters have been open in Latvia from 7 April
2021. Group‘s stores that operate in shopping malls and have
separate entrance from outside were reopened as of 22 May 2021.
Eventually, all Group’s stores had been open in Latvia as of 3 June
2021. In Estonia, all Group’s stores were temporarily closed from
11 March 2021, and from 6 March 2021 to 11 March 2021 stores were
not allowed to work on weekends. All Group‘s stores have been
reopened in Estonia from 3 May 2021. All these temporary closures
had a significant impact on the Group's generated turnover in
2021.
The retail turnover (including VAT) of Apranga Group reached EUR
181.1 million in January through October 2021 and increased by 4.5%
year-on-year.
In January-October 2021, the retail turnover of Apranga Group in
Lithuania increased by 13.2% year-to-year, in Latvia decreased by
15.5% and in Estonia increased by 4.9%.
Currently Apranga Group operates the chain of 171 stores (102 in
Lithuania, 46 in Latvia and 23 in Estonia) covering the gross area
of 92.9 thousand sq. m., or by 0.6% less than a year ago.
Rimantas Perveneckas„Apranga“ Group General
Manager+370 5 2390801
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