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Tuesday, 09.06.2026, 06:39
MAXIMA LT turnovers have been falling in July
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The company's sales went down by 122 million litas (35.29 million euros) in April-June this year, compared to the same period in 2008. The largest decrease – 15% – in the sales of MAXIMA LT was recorded in July. This has been the largest fall of the sales since the start of the company's activities.
According to the company's head, the turnover slumped at the faster pace than expected.
"Despite the efforts to put to optimize the activities and encourage consumption, our sales are falling faster than we have predicted. The results of the second quarter are worrying, though we understand that we are not an exception in this difficult economic situation and our turnover contracts at a similar pace as the entire food retail trade market in Lithuania," the CEO of MAXIMA LT Gintaras Jasinskas said.
According to the CEO, the early insights and forecasts about decreasing consumption made by the company's specialists came true. In the Q2 of this year, consumption fell most rapidly in Lithuania compared to the other Baltic States where the retail trade chain MAXIMA operates and reached the level of 2004-2005.
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