Douglas Latvia has increased its turnover up to 10 million lats

Last year the retailer managed to reduce the amount of its liabilities, as well as to reduce the amount of non-liquid goods reserves thus stabilizing financial performance of the company. Ltd SIA Douglas Latvia ended the reporting year with profit in the amount of 404.39 thousand lats, which is a significant improvement after loss in the amount of 65.56 thousand lats in 2011. During the last year the company gave special priority to increase of efficiency of activity of stores. Ltd Douglas Latvia has implemented product diversification and efficiency measures by introducing new groups and brands of goods, by refusing the products groups with low level of demand. This year the company`s management has planned to proceed to work with profit by maintaining stable increase of return. Within the current budget year the improvement of visual image of separate stores has been planned by purchasing new furniture and making cosmetic repairs. It is also planned to continue work on tapping of new groups and brands of goods.