Analytics, Baltic, Financial Services, Retail

International Internet Magazine. Baltic States news & analytics Friday, 24.11.2017, 03:40

Baltic consumers spend most in retail chains

BC, Vilnius, 12.06.2017.Print version
Consumers of the three Baltic states spend more than half of their spending in retail chains, followed by spending in specialized stores, shows a survey by the research company Baltic Market Insights (Baltmi), writes LETA/BNS.

"In the first quarter of 2017, 29% of all household consumer spending went to supermarket chains, 17% to hypermarket chains and 15% to small supermarket chains. In the first quarter of 2017, the respective figures were 26%, 21% and 12% in Latvia and 32%, 23% and 6% in Estonia," Baltmi said in a press release.


According to the communique, specialized stores rank second in terms of the share of spending, with Lithuanian consumer spending 15 % of household spending there and Latvian and Estonian spending at over 18%.


Different goods in retail chains and specialized stores feature different penetration, with specialized and traditional stores generating 30% turnover of beer, 29% of soft drinks and nearly 13% of water category in the January-March period of this year. Meanwhile, Lithuanian households spent nearly 3 % of fast turnover goods online and nearly 3% in marketplaces.






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