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Learn moreMar 2021
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In light of the pandemic, retailing in Latvia performed relatively well in 2020. The emergency situation came into force on 13 March when a two metre social distancing measure was introduced to observed in stores and other public places, along with restrictions on public events and social gatherings while schools were closed.
The Latvian government declared a state of emergency from 13 March to 14 April, which saw the introduction of a number of restrictions and prohibitions. From 17 March, this prohibited movement of persons and vehicles through border-crossing points with the EU via air, sea, rail and road travel as well as at crossing points for local border traffic.
During 2020, modern grocery retailers fastened the development of self-services. This is a continuous trend, but the pandemic accelerated the implementation of self-service check-outs at major grocery retail chains throughout the country.
Large store formats – or hypermarkets – have grown in popularity in Latvia in recent years. This trend is mainly prevalent in grocery and non-grocery retail.
Modern grocery retailers are set to continue expanding, remaining a significant threat to the value sales of traditional grocery retailers. The entrance of Lidl to the landscape is set to significantly shake things up, with a low-priced model bringing stiff competition to supermarkets and hypermarkets.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Latvia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Retailing industry in Latvia, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.