Retail

Lokata.ru secures new funding from E.Ventures and Bonial

September 17, 2012

Last week, Lokata.ru, a startup driving Internet and mobile users to offline stores, completed a new round of financing from German-American venture fund E.Ventures (formerly known as E-Ventures Capital Partners) and Bonial International Group, a German company which has developed similar projects in several European countries. The terms of the deal have not been disclosed. …

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Oleg Ryazhenov-Siems of Svyaznoy: “The young generation will make a massive switch to e-commerce. Golden years are ahead.”

September 14, 2012

Oleg Ryazhenov-Siems has led the ambitious online strategy of Svyaznoy, the second largest Russian consumer electronics retailer, since 2009. Recognized as one of the best Russian e-commerce professionals, he has just been appointed as Svyaznoy’s Director of Strategic Marketing and Advertising. While offering insights on how the retailer has successfully developed online activities all across …

Oleg Ryazhenov-Siems of Svyaznoy: “The young generation will make a massive switch to e-commerce. Golden years are ahead.” Read More

Apple goes wholesale in Russia

August 22, 2012

Apple has registered a local company, Apple Rus, to supply its products directly to retail chains in Moscow and St. Petersburg as soon as 2013. According to data from SPARK-Interfax, Apple Rus is 99.5 percent owned by Apple Holding B.V. with the remaining 0.5 percent belonging to Irish company Apple Distribution. The company’s charter capital …

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Germany’s Media-Saturn acquires online consumer electronics retailer 003.ru

July 28, 2012

German consumer electronics retailing group Media-Saturn announced yesterday it has acquired 003.ru, a leading Russian online retailer of consumer electronics, from its founder Vladislav Ulendeev, for an undisclosed amount. Founded in 2000, 003.ru generated revenues of €20 million euros in 2011 with a headcount of approximately 50 employees. The brand 003.ru comes number four in the customer awareness ranking …

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International research study sheds full light on Russian e-commerce

July 24, 2012

Today, East-West Digital News is releasing a 316-page research study on the Russian online retail market – one of the fastest growing but least known (and most misunderstood) on the planet. The research – in which PwC in Russia and the Moscow Higher School of Economics, among others, took part – is based on interviews …

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Fast Lane Ventures partners with Springstar to enroll jewellery social-saleswomen

July 2, 2012

Fast Lane Ventures, the Moscow-based serial Internet startup developer, has teamed up with Springstar, the German incubator backed by Oliver Jung and Klaus Hommel, to localize Juvalia&You on the Russian market. Juvalia&You targets women Internet users who are willing to launch their own small businesses, regardless of their professional background or age. The company provides …

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Nokia ditches its Russian single-brand retail network, bets on online sales

June 28, 2012

Nokia has scrapped its plans for a single-brand retail presence in Russia and will close all of 50 of its existing Russian stores in the near future, reports RIA Novosti, citing an exchange with Nokia Vice President Erik Bertman, head of Nokia Eurasia. As of yet, there’s no official confirmation of the news on Nokia’s …

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Mamas&Papas e-caters to Russian moms and babies

June 27, 2012

Mamas&Papas, a UK-based retailer for babies and expectant mothers, has joined with Russia’s Ideas4Retail in a Russian e-store project, the company’s Russian partner announced last week. Mamas&Papas’ single-brand online outlet will offer 12 categories of goods and more than 3,500 items, including clothing for babies and pregnant women, buggies, wheelers, carrycots, pushchairs, bath essentials, furniture, …

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New online retailer association at war with gray commerce and marketplace’s influence

June 20, 2012

Twelve major Russian online retailers have founded the ‘Association of Internet Commerce Companies’ (AKIT in Russian), with the aim of combating market opacity and distortions as well as of “guaranteeing users’ security and trust.” The association has opened hostilities against ‘gray’ e-retailers, those who avoid taxes in order to sell cheaper and maximize their profits. …

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How to gray-trade for millions

June 20, 2012

What is the first thing you normally do when you want to buy, say, an LCD TV over the Internet?  Let me guess: you go to Russia’s leading online marketplace, Yandex Market, and look for the desired product – then buy it wherever it’s cheapest. Here is the paradox: the best offers usually come not …

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