Now Available: Retailing in Lithuania
The poor performance of the economy during the recession had predictable consequences on retailing in Lithuania. The tradition of retailing imitating the movements of the GDP movement was noticed once again, with sales nose-diving. The country's economy rebounded, but the cost of the revival, such as soaring levels of unemployment and decreased wages, had a negative impact on the performance of retailers. Only in 2011, did turnover of players start to grow again.
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