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ICA has reported its Q2 results, with net sales increasing by 4.6% to SEK 31,924m (€3.1bn).

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Maxima Latvia has launched, what it claims is, the first mobile payment app in Latvia, enabling consumers to pay for groceries from their phones. The app will provide shoppers with convenience and functionality and act as a digital wallet, adding the Paladies loyalty card to the platform. To use the app, shoppers can link their payment cards onto the app and scan a QR code at the checkout. A m...
Maxima has set out plans to invest heavily in the digitalisation of its Latvia operations, while adding structural changes to its real estate. Maxima Latvia to invest in digitalisation Maxima Latvia will invest over €1m (US$1.12m) in new digitalisation initiatives in 2020. These will help the retailer to automate processes and introduce new and user-friendly tools, which are important in li...
Maxima Latvia will invest €50m (US$56m) in three priority areas over the next 12 months following the impact placed on the business by the coronavirus (COVID-19) pandemic. The initiatives include lowering prices, ensuring public health and sustainability and growing its store numbers. CEO: ‘we have revisited Maxima Latvia’s growth strategy’ Commenting on the new measures, Maxima Latvia’s ...

Presentations

27/03/2020
This guide to Latvia explores the key trends in grocery retail, the outlook for the market over the five year forecast period and the growth strategies of country’s leading retailers.
14/01/2020
In this month's snapshot: Lidl to enter two new markets, Dollar General strong expansion plans, a closer look at Hema partnerships and Aldi store openings to 2024.
30/07/2018
IGD’s Chief Economist looks at some of the forces shaping food and drink retail in the EU.
View all presentations

Key presentation

This guide to Latvia explores the key trends in grocery retail, the outlook for the market over the five year forecast period and the growth strategies of country’s leading retailers.

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