Stockmann turnover decreases 3.7% in 2021

• Published date: 05 May 2022
• Publication title: LETA

RIGA, May 5 (LETA) - Shopping mall Stockmann turned over EUR 25.47 million last year, which is 3.7 percent less than in 2020, while the company's losses decreased by 33.7 percent to EUR 1.425 million, according to Firmas.lv.

The company's annual report explains that the decline in turnover occurred already in the first quarter of 2021 due to the Covid-19 restrictions, which significantly affected Stockmann's operations. Online sales could not compensate for the fall in turnover.

Despite the challenges posed by the pandemic and...