Retail sales (including VAT) of the apparel group in October 2022 reached € 28.4 million and increased by 23.9% compared to October 2021.
Last October, the Republic of Latvia imposed restrictions related to the spread of the coronavirus: from 14 October 2021 in Latvia the operation of stores in shopping centers on public holidays was banned, and subsequently, from October, all the group’s stores in Latvia were temporarily closed. November 21-15, 2021. These restrictions significantly affected the turnover generated in Latvia in October 2021.
In October 2022, the group’s retail sales volume in Lithuania increased by 17.3%, in Latvia by 57.6% and in Estonia by 10.6% compared to the corresponding period of the previous year.
As of December 16, 2020, all of the group’s stores in Lithuania are temporarily closed due to the coronavirus (COVID-19) outbreak. From February 15, 2021, stores were opened outside a separate entrance and a sales area not exceeding 300 m2. Outside a separate entrance, shops and a sales area of over 300 m2 were opened from March 15, 2021. All of the group’s stores in Lithuania reopened from April 19, 2021, but stores operating in shopping centers could not operate on public holidays unless they had a separate entrance from the outside. After all, all the stores of the group have been opened in Lithuania since May 29, 2021. The stores in Latvia have been temporarily closed since December 19, 2020. The stores of the group, which operate in the shopping centers and have a separate entrance from the outside in Latvia , are open from 22 May 2021. Finally, all the group’s stores in Latvia were opened on 3 June 2021. In Estonia, all the group’s stores were temporarily closed from 11 March 2021 to 3 May 2021. These Temporary closures had a significant impact on the group’s turnover in the period January – May 2021.
The retail turnover (including VAT) of the apparel group from January to October 2022 reached 237.2 million euros and was 31.0% more than in 2021 and 19.7% more than in 2019.
The retail sales of the clothing group in Lithuania in the period January-October 2022 compared to the corresponding period of the previous year increased by 25.6%, in Latvia by 52.3% and in Estonia by 24.6%.
Apranga Group currently manages a network of 168 stores (100 in Lithuania, 44 in Latvia and 24 in Estonia) with a total area of 90.6 thousand square meters, or 2.5% less than last year.
Gabrielius Morkonass
CFO of the Clothing Group
+370 5 2390843
