Report Published: "Retailing in Lithuania"
The retailing industry in Lithuania went through some tumultuous years over the review period. The severity of the economic recession was worse than even the most pessimistic projections and austerity measures taken at both the macroeconomic and household level exposed the vulnerabilities of retailers. While the survival of most grocery retailers was never in question due to inelastic demand, some non-grocery sectors struggled to survive. Enterprises selling anything related to the housing...
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