Economic uncertainty is expected to continue to present challenges for non-grocery retailers in the forecast period. Consumers are rethinking their priorities as the cost of living crisis, on the back of the lingering economic effects of the pandemic, fosters caution over spending.
Many modern grocery retailers are offering an increasingly credible offer of health and beauty products at significantly cheaper price points. This trend is predicted to strengthen as average store sizes increase.
The ongoing process of digitalisation and the provision of a phygital experience underpin the shift to an omnichannel approach in Latvia. As e-commerce has yet to reach maturity in Latvia, non-grocery categories are expected to increase their online presence and sales during the forecast period, taking shares from offline players and operations.
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Understand the latest market trends and future growth opportunities for the Non-Grocery Retailers industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Non-Grocery Retailers industry in Latvia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Operators whose primary focus is selling merchandise that is not food/drink/tobacco from retail outlets, kiosks, or market stalls. This is the aggregation of general merchandise stores, apparel and footwear specialists, appliances and electronics specialists, home products specialists, health and beauty specialists, leisure and personal goods specialists, and other non-grocery retailers.
See All of Our DefinitionsThis report originates from Passport, our Non-Grocery Retailers research and analysis database.
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