“2023. The economy of the year is characterized by turbulence and uncertainty about the future. The decline in consumer confidence is reflected in the results of the whole year. The increase in the consumer price index and the increase in prices of food products have led customers to plan their purchasing decisions more carefully and to look for more discounted goods than before. A significant decrease in input prices is not expected in 2024 either. The normalization of energy prices and the control of operating costs help maintain balance,” said Raul Puusepp, Chairman of the Board of Directors of the TKM Group.
Volume sales of goods have remained in decline since spring 2022. At the end of the year, even weaker demand was observed for less important everyday and industrial food goods and continuously growing demand for countryside products . The share of promotional items in the shopping cart reached an all-time high at the end of the year about at the 55% level. It is also observed that the volume of thefts of common property has increased.
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2024-01-18 16:15:14
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