Euromonitor International
- Item successfully added to cart!
  
  Your cart is empty
  
  Check Out View Cart

Country Report

Retailing in

Retailing in Latvia

64 pages, Feb 2018

US$2,100

Add to cart Pay by invoice

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Shift to one-stop locations

Latvia saw retailing value sales rise in 2017, as economic growth and falling unemployment, resulting in part from ongoing emigration, led to an increase in wages. While increased consumer purchasing power helped most channels to experience growth during the year, the market saw an ongoing shift from towards large-scale modern formats in grocery retailing, as busy consumers increasingly appreciated the convenience offered by one-stop shopping locations such as hypermarkets.

Internet retailing exerting a growing influence

Internet retailing continues to register dynamic growth in Latvia. The expansion of online sales is exerting a competitive pressure across all retailing channels, though its impact is being felt most in areas like non-grocery specialists, such as electronics and appliance specialist retailers, and direct selling.

Rimi extends its lead

Rimi extended its lead in the Latvian retailing market in 2017, as it benefited from the growing popularity of hypermarkets and its strong expansion in supermarkets. The company has successfully pursued a single brand strategy, both in terms of converting Supernetto stores to Rimi or Rimi Mini outlets and the development of private label sub-brands under the Rimi umbrella brand.

Increasing interest from multinationals

The Latvian retailing market is proving increasingly attractive to major foreign multinationals in both the grocery and non-grocery segments. German discounter, Lidl, and Swedish homewares and home furnishing specialist, Ikea, both plan to enter the market with new store openings early in the forecast period.

Growth ahead

The Latvian retailing market is forecast to see solid growth across most channels over 2017-2022. The trend towards large-scale modern formats is set to continue in grocery retailing, with hypermarkets taking the lead, while traditional independent small grocers experience ongoing decline.

Files are delivered directly into your account within a few minutes of purchase.

Samples

Retailing Sample Report Retailing Sample Data

Overview

Why buy this report?

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.

Samples (FAQs about samples):

Delivery: Files are delivered directly into your account within a few minutes of purchase.

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.

When you purchase this report, you also get the data and the content from these category reports in Latvia for free:

The Retailing in Latvia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic number of stores, selling space and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

How big is the grocery/non-grocery/non-store channel in Latvia?
Who are the leading retailers in Latvia?
How is retailing performing in Latvia?
What is the retailing environment like in Latvia?
Which channels are winning or losing in the fight for consumers’ money?

Why buy this report?

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

This industry report originates from Passport, our Retailing market research database.

Want to find out more about this report?

Request more information

Retailing in Latvia

EXECUTIVE SUMMARY

Shift to one-stop locations

Internet retailing exerting a growing influence

Rimi extends its lead

Increasing interest from multinationals

Growth ahead

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Summary 1 Standard Opening Hours by Channel Type 2017

Physical retail landscape

Cash and carry

Seasonality

Ligo and Jani – midsummer days
Christmas and New Year
Back to school

Payments and delivery

Emerging business models

MARKET DATA

Table 1 Sales in Retailing by Store-based vs Non-Store: Value 2012-2017
Table 2 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2012-2017
Table 3 Sales in Store-Based Retailing by Channel: Value 2012-2017
Table 4 Sales in Store-Based Retailing by Channel: % Value Growth 2012-2017
Table 5 Store-Based Retailing Outlets by Channel: Units 2012-2017
Table 6 Store-Based Retailing Outlets by Channel: % Unit Growth 2012-2017
Table 7 Sales in Non-Store Retailing by Channel: Value 2012-2017
Table 8 Sales in Non-Store Retailing by Channel: % Value Growth 2012-2017
Table 9 Retailing GBO Company Shares: % Value 2013-2017
Table 10 Retailing GBN Brand Shares: % Value 2014-2017
Table 11 Store-based Retailing GBO Company Shares: % Value 2013-2017
Table 12 Store-based Retailing GBN Brand Shares: % Value 2014-2017
Table 13 Store-based Retailing LBN Brand Shares: Outlets 2014-2017
Table 14 Non-Store Retailing GBO Company Shares: % Value 2013-2017
Table 15 Non-Store Retailing GBN Brand Shares: % Value 2014-2017
Table 16 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2017-2022
Table 17 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2017-2022
Table 18 Forecast Sales in Store-Based Retailing by Channel: Value 2017-2022
Table 19 Forecast Sales in Store-Based Retailing by Channel: % Value Growth 2017-2022
Table 20 Forecast Store-Based Retailing Outlets by Channel: Units 2017-2022
Table 21 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2017-2022
Table 22 Forecast Sales in Non-Store Retailing by Channel: Value 2017-2022
Table 23 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2017-2022

DEFINITIONS

SOURCES

Summary 2 Research Sources

Direct Selling in Latvia

HEADLINES

PROSPECTS

Increasing competition for beauty and personal care direct selling

Growth set to continue

Increasing threat from internet retailing

COMPETITIVE LANDSCAPE

Increasing fragmentation

Rising health-consciousness boosts Filuet Baltica

Amway’s strategic shift highlights issues facing direct selling

CHANNEL DATA

Table 24 Direct Selling by Category: Value 2012-2017
Table 25 Direct Selling by Category: % Value Growth 2012-2017
Table 26 Direct Selling GBO Company Shares: % Value 2013-2017
Table 27 Direct Selling GBN Brand Shares: % Value 2014-2017
Table 28 Direct Selling Forecasts by Category: Value 2017-2022
Table 29 Direct Selling Forecasts by Category: % Value Growth 2017-2022

Internet Retailing in Latvia

HEADLINES

PROSPECTS

Dynamic expansion

Important role for smartphones

Growth across categories

COMPETITIVE LANDSCAPE

Leader to accept Ether

Growing emphasis on multichannel strategies

Maxima acquisition to enhance e-commerce expansion

CHANNEL DATA

Table 30 Internet Retailing by Category: Value 2012-2017
Table 31 Internet Retailing by Category: % Value Growth 2012-2017
Table 32 Internet Retailing GBO Company Shares: % Value 2013-2017
Table 33 Internet Retailing GBN Brand Shares: % Value 2014-2017
Table 34 Internet Retailing Forecasts by Category: Value 2017-2022
Table 35 Internet Retailing Forecasts by Category: % Value Growth 2017-2022

Mixed Retailers in Latvia

HEADLINES

PROSPECTS

Signs of recovery

Providing an extensive offer

Enhancing the shopping experience

COMPETITIVE LANDSCAPE

Department store players dominate

Tiger Shop grows strongly after rebranding

Studio Moderna focuses on multichannel strategy

CHANNEL DATA

Table 36 Mixed Retailers: Value Sales, Outlets and Selling Space 2012-2017
Table 37 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 38 Sales in Mixed Retailers by Channel: Value 2012-2017
Table 39 Sales in Mixed Retailers by Channel: % Value Growth 2012-2017
Table 40 Mixed Retailers Outlets by Channel: Units 2012-2017
Table 41 Mixed Retailers Outlets by Channel: % Unit Growth 2012-2017
Table 42 Mixed Retailers GBO Company Shares: % Value 2013-2017
Table 43 Mixed Retailers GBN Brand Shares: % Value 2014-2017
Table 44 Mixed Retailers LBN Brand Shares: Outlets 2014-2017
Table 45 Mixed Retailers LBN Brand Shares: Selling Space 2014-2017
Table 46 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 47 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2017-2022
Table 48 Forecast Sales in Mixed Retailers by Channel: Value 2017-2022
Table 49 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2017-2022
Table 50 Forecast Mixed Retailers Outlets by Channel: Units 2017-2022
Table 51 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2017-2022

Mobile Internet Retailing in Latvia

HEADLINES

PROSPECTS

Deepening penetration of smartphones changes behaviour and drive growth

Changing behaviour particularly pronounced in Latvia

New mobile payment has indirect potential for m-commerce

COMPETITIVE LANDSCAPE

Mobile key to future of multichannel development

CHANNEL DATA

Table 52 Mobile Internet Retailing: Value 2012-2017
Table 53 Mobile Internet Retailing: % Value Growth 2012-2017
Table 54 Mobile Internet Retailing Forecasts: Value 2017-2022
Table 55 Mobile Internet Retailing Forecasts: % Value Growth 2017-2022

Modern Grocery Retailers in Latvia

HEADLINES

PROSPECTS

Trend towards large-scale modern formats

Convenience stores expansion

Lidl to provide boost to discounters

COMPETITIVE LANDSCAPE

Competition authority steps in on Rimi’s store expansion plan

Maxima opening new hypermarket

Dynamism in convenience stores

CHANNEL DATA

Table 56 Modern Grocery Retailers: Value Sales, Outlets and Selling Space 2012-2017
Table 57 Modern Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 58 Sales in Modern Grocery Retailers by Channel: Value 2012-2017
Table 59 Sales in Modern Grocery Retailers by Channel: % Value Growth 2012-2017
Table 60 Modern Grocery Retailers Outlets by Channel: Units 2012-2017
Table 61 Modern Grocery Retailers Outlets by Channel: % Unit Growth 2012-2017
Table 62 Modern Grocery Retailers GBO Company Shares: % Value 2013-2017
Table 63 Modern Grocery Retailers GBN Brand Shares: % Value 2014-2017
Table 64 Modern Grocery Retailers LBN Brand Shares: Outlets 2014-2017
Table 65 Modern Grocery Retailers LBN Brand Shares: Selling Space 2014-2017
Table 66 Modern Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 67 Modern Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2017-2022
Table 68 Forecast Sales in Modern Grocery Retailers by Channel: Value 2017-2022
Table 69 Forecast Sales in Modern Grocery Retailers by Channel: % Value Growth 2017-2022
Table 70 Forecast Modern Grocery Retailers Outlets by Channel: Units 2017-2022
Table 71 Forecast Modern Grocery Retailers Outlets by Channel: % Unit Growth 2017-2022

Non-Grocery Specialists in Latvia

HEADLINES

PROSPECTS

Increasing online competition to dampen growth

Shopping centres increase in popularity

Pressure to develop multichannel strategies

COMPETITIVE LANDSCAPE

Competition Council imposes fines on home and garden specialists for cartel

Ikea to enter market

Sportland expands strongly

CHANNEL DATA

Table 72 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2012-2017
Table 73 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 74 Sales in Non-Grocery Specialists by Channel: Value 2012-2017
Table 75 Sales in Non-Grocery Specialists by Channel: % Value Growth 2012-2017
Table 76 Non-Grocery Specialists Outlets by Channel: Units 2012-2017
Table 77 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2012-2017
Table 78 Non-Grocery Specialists GBO Company Shares: % Value 2013-2017
Table 79 Non-Grocery Specialists GBN Brand Shares: % Value 2014-2017
Table 80 Non-Grocery Specialists LBN Brand Shares: Outlets 2014-2017
Table 81 Non-Grocery Specialists LBN Brand Shares: Selling Space 2014-2017
Table 82 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 83 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 84 Forecast Sales in Non-Grocery Specialists by Channel: Value 2017-2022
Table 85 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2017-2022
Table 86 Forecast Non-Grocery Specialists Outlets by Channel: Units 2017-2022
Table 87 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2017-2022

Traditional Grocery Retailers in Latvia

HEADLINES

PROSPECTS

Ongoing decline

Cross border trade bolsters alcohol specialists

Opportunities for specialists

COMPETITIVE LANDSCAPE

Consolidation as channel shifts from small grocers to specialists

Growth across a range of specialisms

Alcohol specialists expand border presence

CHANNEL DATA

Table 88 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space 2012-2017
Table 89 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2012-2017
Table 90 Sales in Traditional Grocery Retailers by Channel: Value 2012-2017
Table 91 Sales in Traditional Grocery Retailers by Channel: % Value Growth 2012-2017
Table 92 Traditional Grocery Retailers Outlets by Channel: Units 2012-2017
Table 93 Traditional Grocery Retailers Outlets by Channel: % Unit Growth 2012-2017
Table 94 Traditional Grocery Retailers GBO Company Shares: % Value 2013-2017
Table 95 Traditional Grocery Retailers GBN Brand Shares: % Value 2014-2017
Table 96 Traditional Grocery Retailers LBN Brand Shares: Outlets 2014-2017
Table 97 Traditional Grocery Retailers LBN Brand Shares: Selling Space 2014-2017
Table 98 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2017-2022
Table 99 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2017-2022
Table 100 Forecast Sales in Traditional Grocery Retailers by Channel: Value 2017-2022
Table 101 Forecast Sales in Traditional Grocery Retailers by Channel: % Value Growth 2017-2022
Table 102 Forecast Traditional Grocery Retailers Outlets by Channel: Units 2017-2022
Table 103 Forecast Traditional Grocery Retailers Outlets by Channel: % Unit Growth 2017-2022

Why buy this report?

Want to find out more about this report?

Request more information

Megatrends

Country Report

Retailing in Latvia

New Report Guarantee

Executive Summary

New Report Guarantee

Shift to one-stop locations

Internet retailing exerting a growing influence

Rimi extends its lead

Increasing interest from multinationals

Growth ahead

Samples

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Retailing in Latvia

EXECUTIVE SUMMARY

Shift to one-stop locations

Internet retailing exerting a growing influence

Rimi extends its lead

Increasing interest from multinationals

Growth ahead

OPERATING ENVIRONMENT

Informal retailing

Opening hours

Physical retail landscape

Cash and carry

Seasonality

Payments and delivery

Emerging business models

MARKET DATA

DEFINITIONS

SOURCES

Direct Selling in Latvia

HEADLINES

PROSPECTS

Increasing competition for beauty and personal care direct selling

Growth set to continue

Increasing threat from internet retailing

COMPETITIVE LANDSCAPE

Increasing fragmentation

Rising health-consciousness boosts Filuet Baltica

Amway’s strategic shift highlights issues facing direct selling

CHANNEL DATA

Internet Retailing in Latvia

HEADLINES

PROSPECTS

Dynamic expansion

Important role for smartphones

Growth across categories

COMPETITIVE LANDSCAPE

Leader to accept Ether

Growing emphasis on multichannel strategies

Maxima acquisition to enhance e-commerce expansion

CHANNEL DATA

Mixed Retailers in Latvia

HEADLINES

PROSPECTS

Signs of recovery

Providing an extensive offer

Enhancing the shopping experience

COMPETITIVE LANDSCAPE

Department store players dominate

Tiger Shop grows strongly after rebranding

Studio Moderna focuses on multichannel strategy

CHANNEL DATA

Mobile Internet Retailing in Latvia

HEADLINES

PROSPECTS

Deepening penetration of smartphones changes behaviour and drive growth

Changing behaviour particularly pronounced in Latvia

New mobile payment has indirect potential for m-commerce

COMPETITIVE LANDSCAPE

Mobile key to future of multichannel development

CHANNEL DATA

Modern Grocery Retailers in Latvia

HEADLINES

PROSPECTS