New Market Research Report: Retailing in Latvia
The Latvian economy managed to return to growth in 2011 and posted a further healthy increase in 2012. A declining unemployment rate and higher household disposable incomes accounted for increasing consumer purchasing power. For this reason, the majority of consumers were able not only to spend more on staples but also increase their expenditure on discretionary goods such as apparel and electronics. As a result, retail sales value of grocery and non-grocery retailers grew in line with the...
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