Retail

International Internet Magazine. Baltic States news & analytics Tuesday, 23.05.2017, 13:56

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Profit of Swedish clothing retailer H&M in Latvia shrinks twice

Profit of Swedish clothing retailer H&M in Latvia shrinks twice

17.05.2017

Swedish clothing retailer Hennes & Mauritz (H&M) in the past fiscal year that lasted from December 1, 2015, until November 30, 2016, posted EUR 28.434 million in sales in Latvia, up 4.3 percent from the previous fiscal year, while the company’s profit dropped twice to EUR 705,682, according to Firmas.lv business database writes LETA.

Keyword tags: Financial Services, Latvia, Markets and Companies, Retail



The average level of consumer prices in Latvia increased by 3.4%

The average level of consumer prices in Latvia increased by 3.4%

13.05.2017

The latest data of the Central Statistical Bureau (CSB) show that during the year* (in April 2017, compared to April 2016) the average level of consumer prices increased by 3.4 %. Prices of goods grew by 3.2% and prices of services by 4.0%.

Lithuanian consumer prices rise 1% in Apr from March

Lithuanian consumer prices rise 1% in Apr from March

09.05.2017

Lithuanian consumer prices rose by 1 percent in April compared with March, marking the eighth straight month of inflation, figures from Statistics Lithuania showed on Tuesday.


Prisma stores in Latvia and Lithuania to be closed in June

Prisma stores in Latvia and Lithuania to be closed in June

03.05.2017

Suomen Osuuskauppojen Keskuskunta (SOK) Group has decided to shut down all Prisma stores in Latvia and Lithuania in June, as the company's representatives told.

The turnover of retail trade enterprises in Lithuania increased by 1%

The turnover of retail trade enterprises in Lithuania increased by 1%

03.05.2017

Statistics Lithuania informs that, based on provisional data, in March 2017, the turnover (VAT excluded) of retail trade1enterprises amounted to EUR 822.2 mln at current prices; against February 2017, seasonally and calendar adjusted, it increased by 1% at constant prices (unadjusted – by 13.4%).


03.05.2017

Retail trade turnover in Latvia grew by 1.5%

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to March 2016, total retail trade turnover rose by 1.5 % in March 2017. Turnover of retail trade in food products declined by 0.8%, whereas turnover of retail trade in non-food products grew by 3.3%.

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