For the convenience of residents in the Agenskalns district of Riga, a new store of the retail network 'LaTS' opened at the end of February, reported SIA 'Latvijas Tirgotāju savienība'.
“The store on Olgas Street, 4 is already our third store in Riga operating under the 'LaTS' network,” said the manager of 'Juva S', Ivan Savlyak. “The concept is similar to the other two stores — it is a neighborhood store for residents of the nearby quarters, where they can quickly purchase everyday necessities without going to large supermarkets.”
In the current market situation, where retail is affected by rising costs, consumer sensitivity to prices, and strong competition from large retail chains, the expansion and increase in the number of stores becomes one of the main conditions for the survival of small retail outlets. “A broader network of retail locations allows for more efficient distribution of expenses, strengthens brand recognition, and attracts a more stable flow of customers, thereby creating better opportunities to maintain competitiveness in the long term,” emphasizes I. Savlyak.
Already on the first day of operation — February 26 — there was a significant flow of visitors to the new store. Customers actively took advantage of special opening offers and paid attention to seasonal products; however, alongside them, the most necessary everyday items — fresh food, beverages, and household goods — also found their way into shopping baskets. This indicates that the store has become part of the daily routes of local residents from day one and meets their practical needs.
The store on Olgas Street is not just another retail point on the map, but an important part of the district's infrastructure. The 'neighborhood store' format allows residents to shop quickly and conveniently, saving time and avoiding long trips. This approach is especially important in densely populated areas, where the ability to purchase everything needed within minutes from home is highly valued.
SIA 'LaTS' was founded in 2007 with the aim of uniting small and medium-sized food retailers in Latvia, reducing costs, and increasing competitiveness. Currently, the network unites about 270 enterprises and has over 700 physical retail locations throughout Latvia. The wide coverage allows for the presence of local stores both in the capital and in the regions, strengthening the position of small and medium-sized businesses in a competitive environment.
