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Friday, 31.10.2014, 11:06
Data of Central Statistical Bureau show that, compared to August, the total turnover of retail trade enterprises in Latvia in September 2014 dropped by 0.3%, according to seasonally adjusted data at constant prices.
Keyword tags: Analytics, Latvia, Markets and Companies, Retail
Stockmann has announced plans to cut some 380 jobs at its Seppala retail chain, Yle/LETA reports.
Statistics Lithuania said that, based on provisional data, in September 2014, the turnover (VAT excluded) of retail trade enterprises amounted to LTL 2.5373 billion (EUR 734.9 million); against August, it decreased by 6.4% at constant prices (seasonally adjusted – increased by 0.2%), informs LETA/ELTA.
The consolidated unaudited sales revenue of the Tallinn Kaubamaja group was 133.2 million euros during the third quarter of 2014; this exceeded the previous year's sales revenue by 6.8% while the company's profit fell, the retail sales company informed the Tallinn Stock Exchange, cites LETA.
Small rural shops have requested that commercial banks work on holidays on the eve of the euro adoption, because these shops lack working capital to acquire substantial amounts of the euro and to freeze the exact same amount in the litas for a week, informed LETA/ELTA, referring to Vakaro zinios.
In August 2014, compared with August 2013, Latvia's retail sales increased by 3.9%, which is the sixth fastest growth among all European Union (EU) member states that have provided information, according to latest data collected by Eurostat. Estonia’s and Lithuania’s results are even better, writes LETA.
A poll of Swedbank among retailers shows that e-commerce that so far was strongly developed only in some spheres of trade in Estonia, has this year become almost a self-evident solution in all trade sectors, LETA/Postimees Online report.