International Internet Magazine. Baltic States news & analytics
Saturday, 25.04.2015, 09:32
Retail trade company Stockmann operated with EUR 176,932 in losses in 2014, according to ''Firmas.lv'', cites LETA.
Keyword tags: Latvia, Markets and Companies, Retail
Computer hardware dealer Also Latvia increased its turnover by 28% in 2014, while the company's profit reduced by 15%, according to "Firmas.lv" data, cites LETA.
In 2014, the total sales of direct selling industry in the Baltic States grew by 2.5% and exceeded 102,5 million euro (without VAT). Meanwhile, the number of people involved in direct sales increased by 1.5% and it reached more than 128 thousand persons.
The Tallinna Kaubamaja retail trade concern informed the Tallinn Stock Exchange that its net loss in the first quarter of this year was 1.2 million euros due to income tax calculated from dividends to the amount of 3.9 million euros, reports LETA.
Xnet, the company that runs the Latvian online store Xnet.lv, plans on investing half a million euros into the company's development over the next two years, Xnet representative Jorens Kovalovs told LETA.
In February 2015, compared with February 2014, the volume of retail trade increased by 9% in Latvia, which is the second best growth among the European Union member states for which data are available, according to latest information provided by Eurostat, cites LETA.
Eastern European IT product wholesaler Elko Grupa turned over USD 1.27 billion (EUR 1.18 billion) in 2014, the company informed LETA.