Retail in Latvia

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	42 Pages	Euromonitor International	March, 2023	EP17849103

Best Price Guarantee
Price	from $2,100
Length	42 Pages
Publisher	Euromonitor International
Published Date	March, 2023
SKU	EP17849103

Retail in Latvia

The War in Ukraine had a strong impact on Latvia in 2022, creating conditions for high inflation and economic and political uncertainty. This, in turn, affected consumer priorities and spending patterns in retail arenas. Meanwhile, retail in Latvia was impacted by ongoing digitalisation, which continued to reshape the retail landscape. This was characterised by the evolution of both e-commerce and offline channels and a shift to omnichannel strategies. Sustainability concerns and initiatives hav...

Euromonitor International's Retail in Latvia report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.

Product coverage: Retail E-Commerce, Retail Offline.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Retail market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Retail in Latvia
Euromonitor International
March 2023
List Of Contents And Tables
RETAIL IN LATVIA
EXECUTIVE SUMMARY
Retail in 2022: The big picture
Informal retail
What next for retail?
MARKET DATA: Table 1 Sales in Retail by Retail Offline vs Retail E-Commerce: Value 2017-2022; Table 2 Sales in Retail by Retail Offline vs Retail E-Commerce: % Value Growth 2017-2022; Table 3 Sales in Retail Offline by Channel: Value 2017-2022; Table 4 Sales in Retail Offline by Channel: % Value Growth 2017-2022; Table 5 Retail Offline Outlets by Channel: Units 2017-2022; Table 6 Retail Offline Outlets by Channel: % Unit Growth 2017-2022; Table 7 Retail GBO Company Shares: % Value 2018-2022; Table 8 Retail GBN Brand Shares: % Value 2019-2022; Table 9 Retail Offline GBO Company Shares: % Value 2018-2022; Table 10 Retail Offline GBN Brand Shares: % Value 2019-2022; Table 11 Retail Offline LBN Brand Shares: Outlets 2019-2022; Table 12 Retail E-Commerce GBO Company Shares: % Value 2018-2022; Table 13 Retail E-Commerce GBN Brand Shares: % Value 2019-2022; Table 14 Forecast Sales in Retail by Retail Offline vs Retail E-Commerce: Value 2022-2027; Table 15 Forecast Sales in Retail by Retail Offline vs Retail E-Commerce: % Value Growth 2022-2027; Table 16 Forecast Sales in Retail Offline by Channel: Value 2022-2027; Table 17 Forecast Sales in Retail Offline by Channel: % Value Growth 2022-2027; Table 18 Forecast Retail Offline Outlets by Channel: Units 2022-2027; Table 19 Forecast Retail Offline Outlets by Channel: % Unit Growth 2022-2027
DISCLAIMER
SOURCES: Summary 1 Research Sources
GROCERY RETAILERS IN LATVIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Ongoing expansion of modern grocery retailers in Latvia
Inflationary pressure affects consumer behaviour and paves the way for value for money formats
Lidl disrupts the competitive landscape
PROSPECTS AND OPPORTUNITIES
Discounters to continue to gain importance
Consumers to remain cautious and prioritise essentials
New technologies to add dynamism to the shopping experience
CHANNEL DATA: Table 20 Grocery Retailers: Value Sales, Outlets and Selling Space 2017-2022; Table 21 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2017-2022; Table 22 Sales in Grocery Retailers by Channel: Value 2017-2022; Table 23 Sales in Grocery Retailers by Channel: % Value Growth 2017-2022; Table 24 Grocery Retailers Outlets by Channel: Units 2017-2022; Table 25 Grocery Retailers Outlets by Channel: % Unit Growth 2017-2022; Table 26 Grocery Retailers GBO Company Shares: % Value 2018-2022; Table 27 Grocery Retailers GBN Brand Shares: % Value 2019-2022; Table 28 Grocery Retailers LBN Brand Shares: Outlets 2019-2022; Table 29 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2022-2027; Table 30 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2022-2027; Table 31 Forecast Sales in Grocery Retailers by Channel: Value 2022-2027; Table 32 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2022-2027; Table 33 Forecast Grocery Retailers Outlets by Channel: Units 2022-2027; Table 34 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2022-2027
NON-GROCERY RETAILERS IN LATVIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Non-grocery retailers moving towards omnichannel operations
Department stores offers convenience while low prices boost variety stores
Apparel and footwear specialists develop display and sales models
PROSPECTS AND OPPORTUNITIES
Second-hand clothing demand benefits from economic situation and digital platforms
Health and beauty specialists under pressure from modern grocery retailers
Phygital experience to move increasingly to the fore
CHANNEL DATA: Table 35 Non-Grocery Retailers: Value Sales, Outlets and Selling Space 2017-2022; Table 36 Non-Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2017-2022; Table 37 Non-Grocery Retailers GBO Company Shares: % Value 2018-2022; Table 38 Non-Grocery Retailers GBN Brand Shares: % Value 2019-2022; Table 39 Non-Grocery Retailers LBN Brand Shares: Outlets 2019-2022; Table 40 Non-Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2022-2027; Table 41 Non-Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2022-2027; Table 42 Forecast Sales in Non-Grocery Retailers by Channel: Value 2022-2027; Table 43 Forecast Sales in Non-Grocery Retailers by Channel: % Value Growth 2022-2027; Table 44 Forecast Non-Grocery Retailers Outlets by Channel: Units 2022-2027; Table 45 Forecast Non-Grocery Retailers Outlets by Channel: % Unit Growth 2022-2027
DIRECT SELLING IN LATVIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Health and beauty continues to dominate the direct selling landscape
Direct selling derives benefits from economic crisis
Flexibility adds dynamism to direct selling
PROSPECTS AND OPPORTUNITIES
Maturity and growing competition to hinder health and beauty direct selling
Digitalisation to grow apace and offer competitive advantages
Social media fast emerging as a vital tool for direct sellers
CHANNEL DATA: Table 46 Direct Selling by Product: Value 2017-2022; Table 47 Direct Selling by Product: % Value Growth 2017-2022; Table 48 Direct Selling GBO Company Shares: % Value 2018-2022; Table 49 Direct Selling GBN Brand Shares: % Value 2019-2022; Table 50 Direct Selling Forecasts by Product: Value 2022-2027; Table 51 Direct Selling Forecasts by Product: % Value Growth 2022-2027
RETAIL E-COMMERCE IN LATVIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Slower, but still, strong growth as consumers return to offline channels
Marketplaces offer opportunities to smaller players as the consumer base widens
Sophisticated evolution increases consumer engagement
PROSPECTS AND OPPORTUNITIES
Ongoing evolution offers robust growth opportunities
Store-based retail chains to cooperate with marketplaces
Parcel machines to continue to enjoy wider use and reach
CHANNEL DATA: Table 52 Retail E-Commerce by Product: Value 2017-2022; Table 53 Retail E-Commerce by Product: % Value Growth 2017-2022; Table 54 Retail E-Commerce GBO Company Shares: % Value 2018-2022; Table 55 Retail E-Commerce GBN Brand Shares: % Value 2019-2022; Table 56 Forecast Retail E-Commerce by Product: Value 2022-2027; Table 57 Forecast Retail E-Commerce by Product: % Value Growth 2022-2027