- Annual Report 2022
BALTIC RETAIL MARKET OVERVIEW 2022
Baltic retail market overview 2022 supplemented with economy and investment overview and tax&legal latest updates.
51 pages in total.
Get more insights of 2021 and forecasts for 2022, as well as economy and investment updates, in our latest Baltic retail market overview.
Footfall in Tallinn SCs remained ca 5% lower than a year earlier, old Town and City Centre continue to suffer from the considerably decreased number of tourists in Tallinn, while demand continued to be largely driven by discount and low-price fast fashion brands, although other clothing segments.
Total retail turnover in Latvia managed a slight increase of 3.3% compared to 2020, despite a number of restrictions still in force. The shopping patterns have changed during the pandemic, chain retailers that have had good results through the pandemic are ready to expand, while smaller non-chain retailers are suffering, with several even forced to end operations.
2021 turned out to be most active compared to the previous four years and saw growth in Lithuania. The footfall remained low but basket volume increased. The dark store concept was enrolled in the market, e-commerce shops brought new customer flow to SCs by opening physical shops there.
Get more insights and forecasts, as well as economy and
investment updates, in our latest Baltic retail market overview.
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