International Internet Magazine. Baltic States news & analytics
Monday, 20.02.2017, 12:56
The retail chain Coop Eesti may decide in March to close up to six stores in South Estonia that are suffering from the impact of cross-border trade, the news portal of public broadcaster ERR said.
Maxima Grupe (Maxima Group), the operator of retail chains in the Baltics, Poland and Bulgaria, saw its consolidated retail turnover ticked up 0.2% to 2.684 bln euros (excluding VAT) in 2016 year-on-year.
Spending by foreign visitors at Lithuanian retail stores fell by 11% in 2016 compared with 2015 and the value of the average shopping basket was down by 5%, the business daily Verslo Zinios reported on Tuesday, citing data from the tax refund company Global Blue Lietuva, writes LETA/BNS.
Around 9% of Lithuanians make shopping trips to neighboring Poland on a regular basis, according to a poll released by the Delfi news website on Tuesday writes LETA/BNS.
Sweden's ICA Gruppen, which operates Rimi Lietuva retail chain in Lithuania, will shortly submit the necessary documents to the Competition Council in connection to the intentions of buying another retailer Palink, the operator of Iki supermarkets, LETA/BNS said according to Verslo Zinios business daily information,
The annual change in the consumer price index in Estonia was influenced the most by motor fuel and food
According to Statistics Estonia, the change of the consumer price index in January 2017 was 0.4% compared to December 2016 and 2.7% compared to January of the previous year.