Retail

E-commerce leader Ulmart acquires satellite TV distributor No Limit Electronics

October 3, 2014

Ulmart, the leading Russian e-commerce company, whose sales exceeded $1 billion last year, is in the process of acquiring Satellite Company, which operates No Limit Electronics, a leading distributor and retailer of digital TV equipment. Satellite Company, which expects a turnover of around $375 million this year, has been valued “somewhere between $200 million and …

E-commerce leader Ulmart acquires satellite TV distributor No Limit Electronics Read More

Action Media Group invests $200,000 in SaaS service Arnica.pro

August 30, 2014

Action Media Group, a large Russian B2B-publishing house, has invested $200,000 in SaaS service Arnica.pro. This is already the third round of investment for the company. Arnica.pro is aimed at smaller beauty salons, who can use the software for client registration, staff work schedules, CRM, transactions, accounts and integration with external services. The company was founded …

Action Media Group invests $200,000 in SaaS service Arnica.pro Read More

Chinese giants make their move into Russia’s booming cross-border e-commerce scene

January 21, 2023

The past few months have seen several significant moves on the booming China-to-Russia cross-border e-commerce scene. This important market represents roughly one half of international e-retailers’ total sales to Russia, or up to $1.5 billion last year, according to a study by East-West Digital News, but still suffers from product quality and delivery time issues. …

Chinese giants make their move into Russia’s booming cross-border e-commerce scene Read More

Ukrainian startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA

August 1, 2014

Life.SREDA, a Moscow-based venture capital firm focusing on mobile and online fintech startups, is to invest $1.5 million in Settle, a mobile payment service developed by Kiev-based startup Advice Wallet. Combining mobile payments and a loyalty scheme in one app, Settle makes it possible to both order and then pay your bill at a restaurant or café through a smartphone. …

Ukrainian startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA Read More

Russian retail loyalty solution provider Synqera prepares international expansion

July 28, 2014

Earlier this month Synqera, a provider of solutions for retailers, announced that its “Loyalty Generators” kiosks have been installed in three stores of Korablik, a Russian retail chain specializing in children’s goods. Customers who enter the store can swipe their loyalty card at these kiosks to access their history of purchases and customer profile. The …

Russian retail loyalty solution provider Synqera prepares international expansion Read More

Retailers from 20 countries to meet in London to discuss cross-channel e-commerce (and enjoy a World Cup football match)

May 27, 2014

Across the numerous industry events offered in Western Europe, precious few are worth a plane or train trip to attend. Among those that make the cut, the eTail Europe multi-channel retail event being held June 23-25 in London stands apart. East-West Digital News, a partner of the event, has obtained an exceptional 50% discount off …

Retailers from 20 countries to meet in London to discuss cross-channel e-commerce (and enjoy a World Cup football match) Read More

Crowdsourced retail analytics startup raises $1 million from InVenture Partners

May 19, 2014

CrowdSystems, the developer of retail analytics tools based on crowdsourcing technology, announced Friday that it closed a $1 million Series A round of financing from Russian venture fund InVenture Partners at an undisclosed valuation. Similar to the international platform Quri.com, CrowdSystems provides retail companies and brands with crowdsourcing tools for retail audits and consumer research. Consumers …

Crowdsourced retail analytics startup raises $1 million from InVenture Partners Read More

Retailers’ e-commerce challenges to be highlighted this week at Moscow conference

April 8, 2014

As Russia’s traditional retail networks are toeing the waters of e-commerce, an industry event this week in Moscow will address the different dimensions and challenges of this transition. On April 11 and 14 “Online Retail Russia 2014” will feature a bevy of speakers representing real business cases and years of professional experience – including retail …

Retailers’ e-commerce challenges to be highlighted this week at Moscow conference Read More

E-tickets for events tripled in 2013

March 19, 2014

In 2013 the share of events tickets bought online increased almost threefold to 12.4%, according to e-ticketing service TicketForEvent. The figure, which include tickets for entertainment, sporting and business-related events in Russia, is based on open data provided by ticket-vendors and event organisers, as well as TicketForEvent’s own statistics. TicketForEvent expects this growth to continue, …

E-tickets for events tripled in 2013 Read More

Smartphone sales grew 35% in 2013

February 3, 2014

Svyaznoy, a leading mobile device retailer, reports that smartphone sales in Russia reached 176 billion rubles (approximately $5.6 billion) last year, up 35% from 2012. While still significant, the rate of growth has slowed compared to previous years. Meanwhile, smartphone penetration in Russia has continued to progress, reaching 48%. 18.5 million out of the 39 …

Smartphone sales grew 35% in 2013 Read More

Russian government considers systematic RFID tagging for clothing and footwear

January 13, 2014

The Russian government is considering RFID tagging all labels on clothing and footwear fabricated and sold throughout Customs Union member-states (Russia, Belarus and Kazakhstan), reported the Russian daily Izvestia in late December. Officials believe this is the only remedy for an ongoing plague of counterfeiting. The government estimates that more than $30 billion worth of …

Russian government considers systematic RFID tagging for clothing and footwear Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.