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‘cenuklubs.lv’ will use bank financing for current assets in the amount of 500 thousand euros

In order to increase the turnover of the store chain “cenuklubs.lv” when full-fledged sales will resume in Latvia, and to strengthen competitiveness, as well as sales in the current conditions – in one of the five on-site and online stores, the company will use banks “Citadel“working capital financing in the amount of 500,000 euros, informs the credit institution.

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“Due to the epidemiological situation caused by the pandemic, uncertainty about the changing trade opportunities, turnover, product order planning has taken more than a year, but” cenuklubs.lv “purposefully continues to work and sooner or later fully resume on-site trading. At that moment we want to be strong market participants One of the tools is stable working capital. Citadele’s financing is useful for ordering sufficient quantities of, for example, table and other lamps, which will be in demand in September. Christmas decorations and other goods for the winter, “says SIA” cenuklubs.lv “board member Arnis Šķerbergs.

He also admits that, like other companies, the delivery of “cenuklubs.lv” orders from manufacturers around the world has become slower. For example, in many places there is a situation that some factories do not receive or receive the components necessary for production late, because deliveries to one of the involved producers – suppliers are not working or are difficult. The recent incident involving a container ship in the Suez Canal has also had a slight effect on the work of cenuklubs.lv, as the order for goods, which was due to reach Latvia in April, will reach its destination only in May.

“In order to transform and dynamically adapt to the changing situation due to the pandemic, working capital financing has become increasingly important for companies operating in the retail sector. The cenuklubs.lv store chain is a 100% Latvian company and one of the market leaders able to adapt to the situation. , has created new trade solutions, saved jobs, as well as successfully organizes deliveries of goods from factories around the world, “comments Guntis Mincis, Head of Medium Business Services at Citadele Bank.

Marking the changes brought about by the time of restrictions in trade, “cenuklubs.lv” marketing manager Mārtiņš Skutāns remembers December last year, when he had to reorient to online sales, only a small part of goods can be offered to customers in the store: For example, a buyer comes to a store to choose a light fixture or room lamp, looks at it, shows how bright or soft the light it provides, but there is no such option on the Internet, so the turnover is declining. while in the online store, employees are more responsible for the proper sale and delivery of goods to customers, the workload is high. “

However, although many people in Latvia wait and do without the purchase of various things needed on the farm, since last year there has also been an increase in the demand for certain goods. For example, the onset of a cold winter suddenly caused a sled deficit, and as far as possible, “cenuklubs.lv” made additional deliveries. “If last spring, with the onset of the Covid-19 outbreak, the company seemed to be stagnant, waiting for what would happen next, then this year it is felt that we are used to what is going on, so the usual work continues – the goods needed for gardening are bought. is currently looking for the goods needed for active recreation – people want to move in the fresh air, “Skutāns shares his observations on trade demand.

The company has five stores, as well as sales in the “cenuklubs.lv” online store.

Decisions regarding trade regulations related to the epidemiological situation of Covid-19 in the country constantly bring with them some changes in the work of cenuklubs.lv. In the current circumstances, the “cenuklubs.lv” store is open Rezekne Street 3, Riga, where you can buy all goods and “cenuklubs.lv” garden, Rīgas Street 8, Talsi, where garden and seasonal goods can be purchased in person, but other goods can be ordered remotely, as well as goods are sold online. Other stores in shopping malls such as “Spice Home”, “Domina Shopping“, t / p” Alfa “, in Riga are closed.

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