Retail

International Internet Magazine. Baltic States news & analytics Monday, 18.06.2018, 19:50

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EUR 2.9 mln invested in Maxima XXX store in Riga Plaza

EUR 2.9 mln invested in Maxima XXX store in Riga Plaza

07.06.2018

Maxima Latvija today opened the most modern Maxima XXX store in Latvia at the fashion and entertainment center Riga Plaza, investing EUR 2.9 million in it, the company reported.

Keyword tags: Good for Business, Investments, Latvia, Markets and Companies, Retail



Lithuanian Iki to revive frozen projects after failed merger with Rimi

Lithuanian Iki to revive frozen projects after failed merger with Rimi

07.06.2018

The chief executive officer of Palink, the owner of Iki, says that the company plans to bring to life all of its frozen projects and pursue further growth in the Lithuanian market after its failed takeover by Rimi, another major retail chain, reports LETA/BNS.

Euronics Latvia turnover increases by 14.4% in 2017

Euronics Latvia turnover increases by 14.4% in 2017

01.06.2018

Electrical retailer Euronics Latvia turned over EUR 26.777 million last year, a 14.4% increase on 2016, while the company's profit decreased 4.9% to EUR 625,800, writes LETA, according to Firmas.lv.


Latvian food wholesaler Baltstor raises 2017 sales 23.9%

Latvian food wholesaler Baltstor raises 2017 sales 23.9%

31.05.2018

The Latvian food wholesaler Baltstor which manages the brands of Mego and Vesko retail stores last year increased its turnover to EUR 37.258 million at a 23.9% rise from 2016 but its profit fell 42% to EUR 22,461, informs LETA, according to Firmas.lv business information website.

Retail trade turnover in Latvia grew by 3.1% in April

Retail trade turnover in Latvia grew by 3.1% in April

30.05.2018

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to April 2017, in April 2018 total retail trade turnover rose by 3.1%. Turnover of retail trade in food products increased by 2.1%, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 3.7%, whereas turnover of retail sale of automotive fuel – by 3.5%.


30.05.2018

In April, the turnover of retail trade in Estonia increased by 1%

According to Statistics Estonia, in April 2018, compared to April of the previous year, the turnover of retail trade enterprises increased by 1% at constant prices. In April, the turnover of retail trade enterprises was 560.4 million euros.

24.05.2018

Maxima Latvija invests EUR 250,000 in first Express convenience store in Riga

The Maxima Latvija supermarket chain has invested EUR 250,00 in opening up its first Maxima Express convenience store in Riga, the company's spokeswoman Liene Dupate-Ugule told LETA.

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