Retail

Russian online retailers allowed to sell goods through AliExpress

October 26, 2015 February 12, 2016

AliExpress, the Chinese B2C marketplace which last year became number one online retailer in Russia, will allow Russian vendors to sell their goods through its platform starting from Nov. 11, news agency RBC reported last week. Nearly 20 Russian retailers will be available on AliExpress at start, said Mark Zavadsky, GM of Alibaba Russia. These companies include marketplace Wikimart.ru, online retailers …

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H&M to open online store in Russia

September 28, 2015 February 12, 2016

Swedish clothing brand H&M said it would launch an online store in Russia this fall to boost already rising sales in the country. In a report of its results over the first 9 months of this year, Stockholm-based H&M said year-on-year sales in Russia had risen by 15 percent to 2.6 billion Swedish krona ($312 million). …

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US brand Vans launches online retail store in Russia

September 25, 2015 February 18, 2016

Earlier this month Californian brand Vans launched an online retail store in Russia to make its collections — including “California,” “Classic,” “LXVI,” “OTW,” “Surf” and “Pro Skate” — more readily available to local consumers. Also displayed on Vans.ru are items co-branded with Disney, Eley Kishimoto and Antihero. So far Vans had 17 offline stores and outlets in …

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Payment watches take first steps in Russian market

September 7, 2015 February 14, 2016

Russian banks now offer customers a new way to pay for purchases. In mid-July, Alfa Bank started selling Austrian Watch2pay watches, and it was soon followed by Center-Invest, based in Rostov-on-Don. Gazprombank and AK Bars in Kazan, however, introduced the gadget even earlier, in April 2013. The watch has a built-in bank card with MasterCard …

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Apple iPhone and iPad sales plummet in Russia

June 3, 2015 June 8, 2015

Apple has seen the market share of its smartphone in Russia nearly halve year-on-year by number of units sold, as the collapse of the ruble drove up prices, according to a recent report by German market researcher GfK cited by Vedomosti and The Moscow Times. The iPhone’s market share by units sold fell to 5.2% in …

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Retail analytics solution provider RetailNext secures giant funding round for global expansion

May 14, 2015 May 19, 2015

Earlier this month RetailNext, a global provider of retail analytics solutions with Russian connections, secured $125 million in growth funding. The company intends to use the new funding to strengthen its presence in North America, Europe and Asia, pursue relevant strategic acquisitions, and grow in new markets. With more than 160 retail customers and new store deployments …

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Wikimart co-founder and CEO Maxim Faldin: “Virtually all Russian legitimate e-commerce companies are unprofitable”

May 7, 2015 July 2, 2017

Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition of creating a Russian analog of eBay. Funded initially by major US investment funds, then by Russian investors, the startup has now become a major marketplace offering its own products alongside nearly 2 million items from over 1,000 merchants. In a recent …

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Yota clinches contract to sell its smartphone in China

February 11, 2015 February 26, 2016

The Russian manufacturer of smartphones Yota Devices has found a partner to enter the Chinese market, as reported by Russian business daily Kommersant. The new partner, Potevio, is one of the largest local distributors of mobile electronics. Over the next 18 months, Yota Devices expects to supply some 1 million units of its YotaPhone 2 …

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National tax service and Sberbank team up with 2can to develop innovative transaction platforms

November 13, 2014 November 13, 2014

Mobile acquiring solution developer Smartfin, which operates under the 2can brand, has been selected as the first technological partner of national savings bank Sberbank for a pilot project of “Business Tablets.” The Business Tablet consists of three portable gadgets: a modern tablet computer with an embedded mobile acquiring application; a bank card reader compatible with …

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Cross-border sales to Russia: super mild tax regime maintained

October 28, 2014 October 28, 2014

In what looks as a final decision after a long period of discussions and unconfirmed announcements, Russia Economic Development Minister Alexey Ulyukaev announced yesterday a new threshold for customs taxation affecting cross-border sales to Russian online consumers. These will continue to enjoy tax-free shopping through foreign retailers, as long as their purchases do not exceed …

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Online Retail Russia 2014: Senior e-commerce management to meet in Skolkovo on Nov. 27-28

October 28, 2014 October 28, 2014

This year, the annual Online Retail Russia conference will be held on November 27-28 at the Skolkovo Business School. With its unique format and content, this forum is designed for networking and the exchange of information between key market players. The event will be a mix of informative presentations, business contacts and informal networking for …

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Supply Chain & Fulfilment 2015 Congress: Join Tesco, John Lewis, Travis Perkins, ShopDirect.com to discuss solutions

October 15, 2014 October 15, 2014

With e-commerce sales in Europe anticipated to reach over £131.3 billion by year’s end, one of the biggest challenges this fast growing sector is facing is how to adapt their e-commerce and omni-channel supply chain and fulfilment operations to meet rapidly changing customer delivery expectations. To help with this, leading retailers including Tesco Group, John …

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