Grocery Retailers in Latvia - New Market Report
In recent years, the situation in grocery retailers in Latvia was mainly driven by the country's overall economic performance. During the economic crisis, Latvian consumers, assaulted by VAT tax increase and job cuts, dramatically reduced their spending. As a result, retailers froze their expansion projects and focused on adapting their assortment to appeal to struggling local customers. In 2010, however, the Latvian economy stabilised and even managed to return to growth in 2011. Grocery sales...
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