Latvia E-commerce Market Share

Market Share of Latvia E-commerce Industry

The Latvia E-commerce market appears to be fragmented because of the intense competitive rivalry among the players. Major players in the Latvia E-commerce market are adopting strategies like acquisitions and partnerships to expand their reach in the region. Some of the major players in Latvia's E-commerce market include H&M, SportsDirect.com, Euronics, Amazon.com, Inc, etc.

• March 2022 - FedEx Express announced its international, day-definite e-commerce service is now available to customers in 24 European countries with connections to 47 markets worldwide. After a successful market launch in 2021, FedEx International Connect Plus (FICP) is now available in an additional 14 countries: the Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Ireland, Latvia, Lithuania, Luxembourg, Norway, Romania, Slovenia, and Switzerland.
• April 2022 - Tallinn-based Montonio raised USD 12 million in a Series A funding round led by Index Ventures as it presses forward with its one-stop-shop checkout solution for e-commerce merchants and consumers' mission. In conjunction with the new lining of the coffers, the startup has announced the launch of its services in Poland, adding to the Estonian, Latvian, and Lithuanian collections. The new funds will be used, in part, to drive expansion efforts even further afield later this year.

Latvia E-commerce Market Leaders

1. H&M

2. SportsDirect.com

3. Euronics.lv

4. ASOS.com, Ltd.

5. Amazon.com, Inc.

*Disclaimer: Major Players sorted in no particular order