International Internet Magazine. Baltic States news & analytics
Saturday, 23.08.2014, 06:33
Local producers are a priority to Latvian supermarkets and department stores, as the Latvian Food Retailers Association's CEO Noris Kruzitis said in an interview with the LNT show "900 sekundes", reports LETA/Nozare.lv.
Keyword tags: Baltic States – CIS, Foodstuff, Latvia, Legislation, Markets and Companies, Retail
The giant British sports goods seller Sports Direct will open its first store in Estonia at the Ülemiste shopping centre in Tallinn at the end of October 2014, where the Sportland store it owns is located too, LETA/Postimees Online reports.
Cosmetics and household goods retailer Drogas turnover amounted to EUR 63.16 million in 2013, according to information provided by Firmas.lv, cites LETA.
Estonian retail trade company Tallinna Kaubamaja Group informed the Tallinn stock exchange that the group`s consolidated unaudited net profit was 5.4 million euros in the second quarter of 2014, which is 16.0% higher on the year-on-year basis, informs LETA.
The company Latvian Traders Cooperation Aibe (Aibe) turned over EUR 17.54 million in 2013, reports LETA/Nozare.lv, referring to information provided by Firmas.lv.
All stores owned by Tiimari Latvia are now closed, and the liquidation process for the company has begun, as former regional director of Tiimari, Ineta Zaharova, told the business portal Nozare.lv, cites LETA.
According to Statistics Estonia, in May 2014 compared to May of the previous year, the retail sales of goods of retail trade enterprises increased by 4% at constant prices. In April retail sales increased 8% compared to the same month of the previous year, while in May the retail sales growth decelerated.