Retail

Conference on luxury’s digital revolution: from eBay inspiration to 3D novelties

April 17, 2013 April 17, 2013

Earlier this month La Conférence Luxe & Digital gathered almost two hundred industry representatives, experts and journalists from Russia, France and the United States to share their experience and views on today’s digital trends in the luxury and fashion industry. Previously staged in Paris since 2010 and Moscow last year, the event was coordinated this …

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Enter.ru CEO Sergey Rumyantsev: “Our 38,000 items are equally accessible via offline stores, virtual interfaces, catalogs, and call center.”

April 16, 2013 April 16, 2013

Dismissing the widespread cliché of Russians only being capable of cloning existing Western business models, Enter.ru is a hybrid offline/online retailer with no known equivalent in the world. Launched in early 2011, the company recorded 3.1 billion ruble in turnover the next year (approximately $100 million, including VAT), quickly asserting itself as a major player …

Enter.ru CEO Sergey Rumyantsev: “Our 38,000 items are equally accessible via offline stores, virtual interfaces, catalogs, and call center.” Read More

Surface RT debuts in Russia: high price, modest sales

April 10, 2013 November 19, 2014

Last week Microsoft started the Russian rollout of Surface RT – which it describes as “a tablet with some laptop capabilities” – almost six months after the inaugural tablet premiered on its home turf and more than a month since the plans were first floated. Coming in 32GB and 64GB storage options with or without …

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Smart bank card provider IQcard raises $2.5 million from Russian and Ukrainian funds

March 13, 2013 March 13, 2013

IQcard, a Moscow-based startup offering multifunction bank cards, has raised “more than $2.5 million” in a Series A round from Paradigm Investments and TA Venture, as well as from existing investors Fastlane Ventures and Direct Group. Neither the exact amount of investment nor the startup’s valuation were disclosed. Launched in March 2012, IQcard offers a prepaid bank …

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MTS boosts Windows 8 through “demo zones” in outlet network

March 4, 2013 November 19, 2014

Weekly sales of Windows Phone powered smartphones at MTS’ new “demo zone” feature outlets have grown a sturdy 2.5 times over the past four months, and tablet PC sales have shown a 30% increase, MTS announced last week. Such are the early results of a strategic initiative the Russian mobile phone operator launched with Microsoft last November …

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E-Commercefacts.com to cover Russian online retail scene with East-West Digital News

February 27, 2013 February 27, 2013

Woerden, the Netherlands, and Moscow, Russia – As cross-border sales to Russia already amount to several billion dollars per year, E-Commerce Facts, a leading European resource on e-commerce, and East-West Digital News, the first international resource on Russian digital industries, are teaming up to provide international audiences with full coverage of the fast-growing Russian e-commerce …

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Megafon acquires 50% stake in mobile retailer Euroset, eyes mobile operator Tele2

December 10, 2012 December 10, 2012

Megafon, a major Russian mobile operator controlled by Russian billionaire Alisher Usmanov, has acquired a 50% stake in Euroset, Russia’s first mobile phone retailer, from Alexander Mamut, a prominent Russian businessman. Vimpelcom, another leading mobile operator, has increased its stake in Euroset from 49.9% to 50%. The deal has valued the company at $2.3 billion, …

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Retailers downsize offline outlets for online sales

December 4, 2012 December 4, 2012

Eldorado, a leading home appliance and consumer electronics retailer, is planning to open up to 200 small outlets next year for electronic ordering and delivery. As the company’s press service explained to Russian business daily Kommersant, these outlets of less than 100 sq. m. will be deployed in locations not suited for standard hypermarkets – …

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ShoppingPlus teams up with LG for Smart TV shopping

October 24, 2012 October 24, 2012

Shopping platform ShoppingPlus, a copycat of Germany’s KaufDA and a competitor of Lokata.ru on the Russian market, is experimenting with connected TV, having made its service available to users of LG’s Smart TV. Just like Lokata.ru, ShoppingPlus shows the products currently sold in stores and their prices, as well as special offers. It also lists …

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Megafon could acquire leading mobile phone retailer Euroset

September 26, 2012 September 26, 2012

On Monday, the Federal Antimonopoly Service (FAS) announced via Twitter that Megafon, one of Russia’s leading mobile operators, has officially filed a request to acquire a 50% stake in Euroset, the country’s largest mobile phone retailer. The terms of the deal have already been defined, the Russian media reported, with oligarch Alexander Mamut yielding his …

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Online retailer found guilty of trademark infringement in ‘gray import’ scheme

September 20, 2012 September 20, 2012

Last month, the Russian Supreme Court of Arbitration issued a ruling that dashed any hopes the Bestwatch.ru online retailer had for a favorable settlement with Longines Watch, a renowned Swiss watchmaker. Following the withholding of its petition to suspend an earlier legal resolution, the Russian online store will have to pay 3 million rubles, or …

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Anti-counterfeit technology developer from the Urals receives $1 million from Moscow investor

September 17, 2012 September 17, 2012

QRGL, a startup established in Russia’s third largest city Ekaterinburg in the Ural mountains, secured $1 million from Veles Capital, a Moscow asset management company, regional portal 66.ru reported last week. Veles Capital will receive a two-third stake in the company. Founded in April 2010 by Pavel Medvedev, QRGL has developed an anti-counterfeit technology that …

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