aA
Apranga, the Baltics' leading clothing retailer, is overhauling its retail chain to improve the efficiency of operations, the business daily Verslo Zinios reported on Thursday.
Vaikiškų drabužių parduotuvės atidaryme – žinomos mamos ir jų atžalos
Vaikiškų drabužių parduotuvės atidaryme – žinomos mamos ir jų atžalos
© Vidas Černiauskas

"A rather radical overhaul has been launched. Shop concepts are being changed, in line with the approach that it is better to have fewer but bigger stores," it quoted Apranga CEO Rimantas Perveneckas as saying.

The Vilnius-based group plans to close 20 stores and open 35 to 40 new ones this year, with investments planned at 12 million to 15 million euros, according to the CEO.

Apranga also plans to merge merge physical and online stores, he said.

MG Baltic Investment, a holding company of Darius Mockus' MG Baltic, held a 62.3 percent stake in Apranga in late December 2018. Minister, another company controlled by Mockus, owned 10.7 percent of shares and Swedbank's customers held 6.6 percent.

Apranga's shares are quoted on the blue-chip Main List of the Nasdaq Vilnius Stock Exchange.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Number of workplace deaths down by one-third

The number of workplace deaths in Lithuania shrank by 33 percent, or 7 cases, in the first half of...

Unique integrated health monitoring system for stroke survivors patented in Lithuania

Group of biomedical engineers from biotech company Gruppo Fos Lithuania together with researchers at...

President hopes for fair distribution of EU recovery fund

Increased financing for the European Union’s (EU) cohesion policy is one of the biggest expectations...

Lithuanian Airports regain their tempo

The three international airports of Lithuania summarised the results of the second quarter and...

Vilnius approved works of arrangement of the environment of the Palace of Concerts and Sports

The Vilnius City Council approved a joint activity agreement between the Vilnius City Administration...

Top news

Rzeczpospolita editor: Polish president sees Nauseda as his personal ally

Polish President Andrzej Duda regards Lithuania as a strategic partner and considers President...

Interior minister sees no need for tighter controls on returnees

Interior Minister Rita Tamasuniene currently sees no need for tightening controls on people returning...

Zalgiris Kaunas names Austria's Schiller as head coach

Zalgiris Kaunas has named Martin Schiller , a 38-year-old Austrian specialist, as its head coach,...

Minister: facemasks to become mandatory again if coronavirus cases spike

The Lithuanian government would consider making facemasks mandatory in public again if coronavirus...

Only 1 new coronavirus case

On Monday, only 1 new COVID-19 case has been confirmed in Lithuania. In total, Lithuania has already...

|Maža didelių žinių kaina