Baltic, Good for Business, Internet, Markets and Companies, Retail, Technology

International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 08:35

Baltic e-commerce group's Pigu turnover grew to EUR 50 mln in 2014

BC, Riga, 23.07.2015.Print version
Baltic e-commerce group Pigu reached turnover of EUR 50 million in 2014, with an increase of 31% compared to 2013, when the turnover was EUR 38,2 million, Roberts Ziminskis, representative of Pigu, told LETA.

Pigu Group's online stores are Latvian 220.lv, Lithuanian Pigu.lt, and Estonian kaup24.ee. For many consecutive years, they have continued their development by strengthening their leader position in the Baltic countries.

 

Pigu Group's subsidiary company in Latvia is Pigu Latvia Ltd., their online store 220.lv in 2014 reached turnover of EUR 16,45 million, which is 33,7% more than in the previous year. Company has 70 employees and their main objective is retail sale of computers, electrical devices, perfumes, sporting goods and household items online.

 

This year, Pigu Latvia plans to invest EUR 75,000 in opening new space and large storage facility for their online store 220.lv in Riga.

 

"We have invested large amounts of resources to ensure customers have a better, safer, and more precise shopping experience. As of this moment, the storage facility contains 100,000 products and the new storage facility will provide a larger variety of products to choose from and reduce the time spent on preparing the product," says Ziminskis.

 

Depending on the load, online store 220.lv serve 2,500 customers daily and around 20,000 orders are being processed and prepared monthly.

 

220.lv was founded in 2005, on March 11, 2013 it was named Pigu Latvia Ltd. Companies fixed assets are EUR 554,904. Pigu Latvia runs under the Lithuanian e-commerce company group Pigu.






Search site