International Internet Magazine. Baltic States news & analytics
Tuesday, 31.05.2016, 01:15
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to April 2015, total retail trade turnover in April 2016 rose by 1.8%. Retail trade in food products decreased by 0.4%, whereas retail turnover in non-food products increased by 3.0%.
Keyword tags: Analytics, Good for Business, Latvia, Markets and Companies, Retail
Vilniaus Prekyba, the owner of Lithuania's grocery chain Maxima, the drugstore chain Eurovaistine and the DIY-chain Ermitazas, posted 3.17 billion euros in consolidated revenue, not including VAT, for 2015, up 3.7% from 3.06 billion euros in 2015, informs LETA/BNS.
In April 2016, 31,000 new mobile telephones, more than in any other month so far this year, were bought in Estonia, of which 19% were bought through internet sales channels, a survey by GfK Retail and Technology indicates, cites LETA/BNS.
Prisma Latvija, the Latvian subsidiary of Finnish retail chain Prisma, has increased its share capital by EUR 450,000, informs LETA, according to information from Firmas.lv.
The second phase of Vilnius' 50-million-euro shopping complex Nordika opened on May 20th next to the Lithuanian capital's only Ikea store, informs LETA/BNS.
Polish clothing company OTCF, the owner of 4F sportswear and apparel brand, is opening two more 4F stores at Riga's largest shopping malls this month, 4F spokeswoman Marija Vorkule informed LETA.
Vilniaus Prekyba, one of Lithuania's biggest business groups, has purchased the Akropolis shopping centers for more than 400 million euros, closing a deal that dragged on for over a year after being challenged in courts, reports LETA/BNS.