Tuesday, April 14, 2026

Headlines

consumer behavior

The manager of SKY stores goes bankrupt

Announcing that it is unable to compete with foreign-capital supermarket chains, SIA Skai Baltija, which operates the SKY supermarket network, submitted an insolvency application on Friday, March 13, the company reports. The management of SIA Skai Baltija indicates that the company can no longer compete in the price war with the large foreign-capital retail chains. Likewise, in recent years the geopolitical situation has significantly increased operating costs. In order to […]

Online shopping has not yet outcompeted the in-person experience

Even after the holidays, in-person shopping remains an unmatched and important part of shoppers’ everyday lives, especially during sales periods, when people hurry to buy the products they need at more favorable prices, according to the results of a sociological study commissioned by Domina Shopping. The study data show that at the beginning of the year, in the so‑called “long January,” people plan their shopping during sales consciously and practically. The results indicate that food and beverage […]

Tele2 is now led by Arnis Priedītis

Today, on January 14, Arnis Priedītis has officially become the Chairman of the Board of Tele2. Previously, he held the position of Chief Financial Officer and was acting Chief Executive Officer. As reported earlier, the former head of “Tele2” Valdis Vancovičs decided last November to leave his position as Board Member and Chief Executive Officer. Arnis Priedītis has been working at Tele2 for more than 18 years, during which time […]

Used car buyers choose “prestige”

New car buyers appreciate reliability and modern technologies more, while in the choice of used cars, prestige and classic appeal gain greater importance, according to Citadele Leasing data for the first eight months of 2025 in Latvia. New car buyers appreciate reliability and modern technologies more, while in the choice of used cars, prestige and classic appeal gain greater importance, according to Citadele Leasing data for 2025. […]

Revolut becomes more family-friendly: Two paid plans, one reduced price

The global financial app Revolut, which has more than 400,000 users in Latvia, today announced the launch of a new program – Duo – in Latvia. The new offer allows two users to enjoy all the benefits of a Revolut plan at a reduced total price, providing premium-level features while maintaining the autonomy of each individual account. Revolut Duo is intended for family members or partners who want to share […]

In customer service, artificial intelligence is not a panacea

Are you sure that artificial intelligence solutions are providing your clients with a more personalized experience? Or perhaps it’s the opposite – these solutions are actually making them angry? Jim Eckes says that when he founded the telecommunications company Tie Technology in 2006, the quality of customer service was really low. When AI tools appeared almost 20 years later, it seemed that business owners would finally be able to solve […]

In Latvia the green lifestyle exists only on social networks – in Europe it brings in billions

“Young people only talk about a green lifestyle on social media; we don’t see them in our store,” says Eco Baltia Vide chairman of the board Jānis Aizbalts. At the beginning of the year, the company he heads opened the store “Lab!”, where you can find electrical goods that previous owners had thrown away but that the company’s craftsmen have repaired again. Worldwide this is a business worth billions. Aizbalts says that the average customer in the store is around 50 years old […]