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Monday, 28.07.2014, 23:29
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.
Keyword tags: Estonia, Good for Business, Markets and Companies, Retail
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.
Data of Central Statistical Bureau show that, compared to April, the total retail trade turnover in May 2014 dropped by 3.0%, according to seasonally adjusted data at constant prices. Compared to May 2013, the total retail trade turnover in May 2014 increased by 2.1%.
The consolidated net turnover of Estonia’s largest retail group ETK Grupp was 438.6 million euros in 2013, increasing 18.6 million euros in a year, LETA/Postimees Online reports.
Retail trade turnover in Latvia in April 2014 was 10.5% higher than in April 2013, Latvia recording the steepest increase in retail trade turnover among all European Union member states for which data are available, according to the latest report by the European Union's statistical office Eurostat, cites LETA.