LITHUANIA: Apranga swings into H1 profit
By just-style.com | 17 August 2010
Baltic States retailer Apranga has swung into first-half profit, despite reporting lower sales during the period.
Its consolidated revenue during the period was LTL127.9m (EUR37.1m) for the six months, decreasing 15.1% compared to the same period last year.
The company's unaudited consolidated profit before income tax was LTL0.8m, compared to a loss of LTL13.2m in the same period of 2009.
Apranga currently operates a chain of 116 stores in the Baltic States, 75 in Lithuania, 31 in Latvia, and ten in Estonia. The company also operates Zara franchise stores in the Baltic States under an agreement with Spanish textiles firm Inditex.
View next/previous articles
17 Aug 2010 -
17 Aug 2010 -
Currently reading -
LITHUANIA: Apranga swings into H1 profit
17 Aug 2010 -
Related research
Childrenswear Retail in Europe: Market Size, Retailer Strategies and Competitive Success
The childrenswear sector has not been immune to the impact of the recession, with EU expenditure tumbling 3.5% in 2009. However, its replacement-driven nature has kept sales comparatively resilient, outperforming other clothing categories. As a resul...
The financial crisis has hit Norway as hard as other countries, with uncertain economic prospects regarding the retail environment. Many Norwegian households actually had more disposable income as a result of lower interest rates on loans such as mor...
In 2009, the economic slowdown in Ukraine, which began in the fourth quarter of 2008, continued. The major local currency devaluation, political instability, limited efficiency of the government’s crisis policy, and the big budget deficit in 2009 and...
Related articles
EGYPT: Arafa production back on track following unrest
Arafa Holding, Egypt's biggest garment exporter, is shrugging off the impact of two weeks of political unrest in its home country, and says production is back to full capacity and that none of its orders have been cancelled.
THE FLANARANT: Is RFID in apparel finally coming of age?
With apparel retailers and brands looking for new ways to bring down their buying-in prices, could now be the time for Radio Frequency Identification (RFID) to finally come into its own? Mike Flanagan certainly thinks so, pointing out that costs are coming down, suppliers are beginning to collaborate, and benefits could include better management in garment factories.
There are currently no comments on this article
Be the first to comment on this article