Sales at AB Apranga (APG1L), the biggest clothing retailer in the Baltic states, grew at least 28 percent in May from the same period last year, said Chief Executive Officer Rimantas Perveneckas.
Demand is driven by recovering consumer spending in the region and by “ideal weather conditions” for the clothing market this year, Perveneckas said in a meeting with investors in Vilnius today. The company also plans to revise its 2012 revenue forecast in the third quarter after sales grew more than estimated in the first quarter this year.
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