Inflation in Lithuania eased as 2023 progressed, reaching a rate of 2.3% in November 2023, which is down considerably from the 21.4% inflation rate reported a year earlier, according to Eurostat data.
As of October 2023, real food inflation in the country had dropped to 2.7%, providing further good news for shoppers.
Retail trade volumes have remained relatively steady too, seeing a month-on-month increase of 0.3% from September to October 2023.
Read More: Lithuanian Shoppers Using 'Five Times Less' Single-Use Plastic Bags
Here's an overview of the top ten supermarket retail chains in Lithuania, according to their most recently-available full-year turnover. All data is supplied by Retail-Index.
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1. Maxima
Turnover: €1.76 billion (2021)
Maxima is the largest supermarket chain in Lithuania, reporting a turnover of €1.76 billion in 2021. The company operates under two brands – Maxima, under which it runs several banners of different sizes, and Barbora. Maxima operates 252 outlets in Lithuania as of this year.
Read More: Maxima Grupė Appoints Agnė Voverė As New General Manager
2. IKI
Turnover: €719 million (2021)
IKI is the second-largest supermarket chain in Lithuania, with a turnover of €719 million as of 2021. The company has 238 stores across the country. Sweden's ICA Gruppen acquired the IKI business in December 2016.
Read More: Lithuania's IKI Expands Autonomous Delivery Partnership
3. Lidl
Turnover: €673 million (2022)
Lidl entered Lithuania in 2016, and has steadily built up its network, operating 68 stores in the country as of this year. The Lithuanian arm of the discounter, which is part of Germany's Schwarz Group, reported a turnover of €673 million in 2022.
Read More: Lidl Continues Construction Of Second Logistics Centre In Lithuania
4. Norfa
Turnover: €587 million (2021)
Norfa operates a network of supermarkets, hypermarkets and neighbourhood stores in Lithuania, with a turnover of €587 million in 2021. The company operates under five different banners – Norfa Hyper, Norfa L, Norfa S, Norfa XL, and Norfa XXL, and has a total of 156 stores across the country.
5. Rimi
Turnover: €395 million (2021)
Rimi operates in Lithuania under four different banners – Rimi Express, Rimi Hyper, Rimi Mini, and Rimi Super. The company, which is owned by Sweden's ICA Gruppen, reported a turnover of €395 million in 2021 and has 84 stores in Lithuania as of this year.
Read More: Rimi Lietuva To Build New Logistics Centre In Elektrėnai
6. Silas
Turnover: €68 million (2021)
Silas operates 21 stores in Lithuania and had a turnover of €68 million in 2021. The group was founded in 1992 and largely operates around the capital, Vilnius.
7. Cia
Turnover: €45 million (2021)
Cia operates 114 stores in Lithuania under the Cia Market banner, and reported a turnover of €45 million in 2021. The group was formed in 1996, originally specialising in dairy products, before being expanded in 2011.
8. Kubas
Turnover: €32 million (2021)
Kubas has 34 stores in Lithuania and a turnover of €32 million as of 2021. It was founded in 2000, in Šiauliai in the northern part of the country.
9. Express Market
Turnover: €25 million (2021)
Boasting 37 stores in Lithuania, Express Market reported a turnover of €25 million as of 2021. The retailer is headquartered in Kaunas.
10. Gruste
Turnover: Unknown
Gruste operates 28 stores in Lithuania as of this year. It was founded in 1992 and also offers wholesale and public catering services.
About Retail-Index
Retail-Index is a specialist supplier of management information on consumer retail markets, provided by Veraart Research Group in the Netherlands. Its mission is to supply managers with up-to-date key information on retail markets in Europe and support them in their international expansion.
The company dates back to 1964, when it started as a market research and marketing consulting company for consumer products and services. In 1989, it started publishing written reports on various retail sectors in Europe. As of 2005, it publishes its information on retailers through the online database and curated datasheet exports available on www.retail-index.com. A team of researchers manages the data to reflect upon current developments in the markets, collected from an extensive number of sources.
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© 2023 European Supermarket Magazine – your source for the latest retail news. Article by Robert McHugh. Click subscribe to sign up to ESM: European Supermarket Magazine.
