International Internet Magazine. Baltic States news & analytics
Sunday, 26.10.2014, 03:03
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.
Keyword tags: Estonia, Good for Business, Markets and Companies, Retail
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.
Lithuanian supermarket chain Maxima Group which operates Maxima grupe with stores in Lithuania, Latvia, Estonia, Bulgaria and Poland, is changing its name to UAB Franmax, as the portal Vz.lt reported on Wednesday, referring to information posted on Linkedin by Maxima Group, cites LETA.
According to Statistics Estonia, in August 2014 compared to August of the previous year, the retail sales of goods of retail trade enterprises increased 7% at constant prices. In July, the retail sales increased 9% compared to the same month of the previous year, whereas in August the retail sales growth decelerated a little.
Computer electronics wholesaler MoonCom increased its turnover by 109% last year, as information provided by Firmas.lv indicates, cites LETA/Nozare.lv.