Utenos Trikotazas: Utenos Trikotažas is Expanding Its Store Network

Utena, Lithuania, 2017-12-13 09:00 CET (GLOBE NEWSWIRE) --
Over the past two years, the number of stores of Utenos Trikotažas, the largest
textile company in Central and Eastern Europe, has doubled. The company will
start the year 2018 with 15 stores. Four of them were opened in Lithuania in
November-December of this year. The store network is being developed mainly on
franchise basis. 

New stores of Utenos Trikotažas were opened in the last months of 2017 in
Mažeikiai, Alytus and Taurage, however, the most significant recent changes in
the company's network took place in Kaunas. A year ago, a new store designed
according to a new concept was opened in Kaunas' Mega shopping centre. This
December, both a new store in Molas shopping centre and a store on Laisves
aleja, fully reconstructed and redesigned, were opened in the city. 

We had seven stores at the end of 2015, and now, after two years, we are glad
to invite customers to 15 stores of Utenos Trikotažas. The active store network
development started upon renewal of our trademark. We are gradually changing
the visual concept of the stores to ensure that it is in line with modern
clothing brands' trends and attractive to customers and to encourage our
commercial partners to further expand the network of our brand stores', says
Algirdas Šabunas, the Managing Director of Utenos Trikotažas. 

 Utenos Trikotažas' store currently under reconstruction on Laisves aleja,
Kaunas will be completely redesigned according to the new concept: the
interior, equipment and display of goods are being changed in order to increase
the store's attractiveness to customers. The concept is intended to be applied
to all new stores of the company in the future. 

 In addition to modernisation of physical retail stores, at the beginning of
2017 Utenos Trikotažas presented a substantially redesigned online shop. Since
then the company's customer numbers have grown by more than one-third (35 %),
whereas the average basket of an online shopper has increased by nearly
one-fifth: from EUR 36.7 to EUR 43.3. 

 Utenos Trikotažas AB is the largest and one of the most modern jersey
production companies in Central and Eastern Europe. Utenos Trikotažas group of
companies which also includes Šatrija, Gotija and Mrija (the Ukraine) forms
part of SBA Concern. In the first three quarters of 2017, the company's sales
income totalled EUR 16 million and the group's operating profit before tax was
EUR 420,000. Utenos Trikotažas AB is the owner of Utena and About retail
trademarks. 

For more information please contact:

Algirdas Šabunas, Managing Director

Utenos Trikotažas AB

 Tel. [phone]