Home » Business » The manager of the store network ‘LaTS’ ‘Latvijas Tirgotauiu savienė’ earned 1.05 million

The manager of the store network ‘LaTS’ ‘Latvijas Tirgotauiu savienė’ earned 1.05 million

SIA “Latvijas Tirgotauju savienė”, which unites small and medium-sized Latvian food retail companies in the “LaTS” network, has increased its turnover to 11.10 million euros in the past year. Compared to the previous year, the indicator increased by 6.24% during the past year. SIA “Latvijas Tirgotauju savienė” closed the financial year with a profit of EUR 1.05 million after tax, informs “Lursoft Client portfolio”.

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Analyzing the market and its development trends, SIA “Latvijas Tirgotauju savienė” has concluded that the Latvian retail market is saturated. “Trends show that in 2022 fierce competition between food retailers’ chains/associations will continue, consolidation of market participants will take place, as well as their luring from one association to another,” SIA “Latvijas Tirgotauiu savienė” stated in the management report, adding that the store owners themselves this will be a year of stabilization. The company expects that the strength of the brand will increase, an important factor will be the reduction of the cost of goods.

In order to improve its competitiveness, SIA “Latvijas Tirgotauju savienė” makes investments in the field of IT. In order to strengthen competitiveness, significant resources will also be invested in the development of logistics.

“Lursoft” data shows that the real beneficiaries of SIA “Latvijas Tirgotauju savienė” registered in 2007 are Raimonds Okmanis and Inga Tunste. Last year, the company had 19 employees.

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