Kaubamaja sales up, shoppers undeterred by economic woes

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Kaubamaja sales up, shoppers undeterred by economic woes

Oct 15, 2008
By Matt Withers

DONT STOP ME NOW: Despite economic woes and the world financial crisis, figures indicate that Estonians aren’t letting anything stand in their way of personal consumer lifestyles.

TALLINN - Recent revenue figures from the Tallinna Kaubamaja Group indicate that Estonians are continuing to pursue consumer lifestyles, despite gloomy economic forecasts and the ensuing credit crunch. Tallinna Kaubamaja Group, one of the country’s oldest and best-established shopping center chains, announced unaudited revenues of 4.7 billion kroons (300.3 million euros) for the first nine months of the year, up 13 percent on last year. As of the third quarter over 20 million purchases had be ...

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