Luxury items selling once again

  • 2011-08-24
  • By Isabel Ovalle
RIGA - Luxury goods entrepreneurs in Latvia think that the business is doing “well, but not great.” Customers of these types of products are not only tourists, but also locals, with a potential clientele distributed in a “50/50” percentage, half foreigners, half Latvians.In a difficult financial context that affects all of the European Union, Latvia stands out with a negative consumer confidence indicator of 20.8 percent in July, the highest since the beginning of 2011. Nevertheless, regulars at stores like Dimax, with two shops, one in Riga’s Old Town an...
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