The Lithuanian clothing retail Apranga stock has been on my radar for a while already, see: Top Dividend Paying Stocks In Nasdaq Baltic I'm Planning to Acquire in 2018, there are a couple of reasons I like this stock.
Relatively cheap price (hell, most of the Baltic equities are relatively cheap), decent dividend yield (around 7% for 2018), and what's important for me - it has a dividend payment once in a year, in May. For May 2019, I have a goal to "supercharge" my dividend income, see: Super Charging May 2019 Dividend Income ($300/mo Goal)
The other day I was shopping at one of the largest shopping malls in Riga (Alfa), bought some skirts and shorts at Zara store, when at counter noticed - Zara (and many other brands in the Baltics are operated by Apranga group), idea of having a couple of euro cents next time when someone in the Baltics will buy a skirt, shorts or trousers at Zare is very appealing to me. Zara, in fact, is one of my favorite clothing stores, love the one located in Tbilisi Mall and Eastpoint shopping centers in Georgia. Now, I won't get a tetri from Zara sales in Georgia, but having Apranga stock I will get euro cents from the Baltics.
Investors looking for the quickest returns in the 'fast-fashion' sector should check out Zara-owner Inditex (IDEXY) , See: H&M Surprisingly Isn't The Best Fast-Fashion Stock to Own Right Now -- This One Is
Apranga Group is a distinct leader of clothing retail in the Baltic States.Apranga Group develops its own retail concepts: Apranga, Aprangos galerija, City, Mados Linija. Group also operates stores in Lithuania, Latvia and Estonia under the franchising agreements with Zara, Burberry, Hugo Boss, Emporio Armani, Ermenegildo Zegna, Max Mara, Mango, Massimo Dutti, Bershka, Pull and Bear, Stradivarius, Zara Home, s.Oliver, Promod, Orsay. Total sales area operated by Apranga Group by the end of 2017 was more than 84.000 sq. m.
The history of the company started in 1945 as a clothing and footwear wholesaler. In 1993 the retail chain was established. Apranga Group entered Latvia beginning of 2003. In 2004, company expanded to Estonia. In 2004, Apranga group became a partner of Inditex Group in the Baltic States. Presently, the Apranga group consists of the parent company Apranga APB and 23 subsidiaries.
In 2018, the Apranga group employed over 2100 people.