Retail

Russian startup Synqera brings online shopping experience to physical retail storefronts

December 24, 2013 December 24, 2013

Synqera, a Russian startup operating internationally, has announced that it will test its personalization and data analytics technology with LAND, a premium supermarket with nine stores in St. Petersburg. This technology brings online shopping experiences to physical retail storefronts, leveraging data collection and analysis for real-time prediction of customer preferences and relevant product recommendations. LAND …

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Otto Group’s eTraction helps third-party fashion brands migrate online

December 12, 2013 December 12, 2013

eTraction, the B2B e-commerce service division of the Otto Group launched earlier this year, has supported the e-commerce launch of the brands of Melon Fashion Group, a sizeable player in the fashion retail industry with over 550 outlets in Russia and neighboring countries. The three brands of the group – Befree, Zarina, and Love Republic …

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iTech Capital invests $10 million in Ticketland

December 6, 2013 December 6, 2013

iTech Capital, a Russian PE & VC fund, announced earlier this week that it has invested $10 million in Ticketland, a major Russian event ticketing company. More than two million tickets for more than 40,000 events are marketed annually via Ticketland outlets and Internet platforms, according to the company. The Russian market of sport and …

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Huawei launches online sales in Russia

November 26, 2013 November 26, 2013

One of China’s largest manufacturers of smartphones and tablets, Huawei, has opened an online store in Russia. Online sales began last week, and purchases can be paid for via cash on delivery and cash on delivery, bank card, Yandex.Money, WebMoney or other electronic payment systems. Huawei’s online store delivers all over Russia, provides technical support and guarantees …

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Otto Group Russia CEO Martin Schierer: “We feel the increasing competition and the higher marketing costs in e-commerce”

November 22, 2013 November 22, 2013

With net sales reaching €550 million in 2012 – including more than half generated online – the Otto Group has asserted itself as a leading player on the Russian e-commerce scene. In this exchange with East-West Digital News, CEO Martin Schierer shares his vision of this fast-growing market, speaking about the challenges of building a …

Otto Group Russia CEO Martin Schierer: “We feel the increasing competition and the higher marketing costs in e-commerce” Read More

Finnish retail analytics startup raises €3 million from Sberbank’s venture arm

November 18, 2013 November 18, 2013

Last week, Walkbase, a marketing optimization platform for brick & mortar retailers, announced a €3 million Series A round investment led by SBT Venture Capital, the venture arm of the Russian national savings bank Sberbank. Olli-Pekka Kallasvuo, former CEO of Nokia, also participated in the round. Walkbase will invest the funds in “strengthening its sales, …

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Government seeks to curb online alcohol retail

November 15, 2013 November 19, 2014

Rosalkogol, a government agency that oversees the sale of alcohol in Russia, is seeking permission to be able to blacklist Internet sites that sell alcoholic beverages online, which is in violation of current Russian legislation. If the Russian Cabinet approves the move, the regulator will have the power to engage Roskomnadzor, another federal agency that keeps …

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Online consumer goods testing platform raises $1 million from Moscow business angels

October 31, 2013 October 31, 2013

Product Test, a project aimed at testing and giving expert evaluations of consumer products, has announced that it received approximately $1 million from Moscow serial angel investor Igor Ryabenkiy and four other business angels. Conceived as a platform to test consumer goods including electronics and household goods, Product Test buys the products it assesses rather …

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Over 15,000 iPhone 5S and 5C sold in Russian retail outlets during the first weekend of sales

October 30, 2013 October 30, 2013

In Russia, official sales of the new iPhone 5s and 5c were launched through leading Russian mobile operators MTS and Beeline and in stores such as Media Markt, M. Video, Svyaznoy, Euroset, ION and Eldorado. The IPhone 5c costs 24,990 rubles and the 16G version of the iPhone 5s costs 29,990 rubles (approximately $750 and …

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Russia’s online travel market posts 50% yearly growth

October 28, 2013 October 28, 2013

Travelata.ru, a Russian online travel agency focusing on package tours, has just released an in-depth presentation on the Russian online travel market. Citing a recent report by the global travel market research company PhoCusWright, Travelata reports that the Russian travel market was worth $53 billion in 2012. Only 14% of travel in Russia is currently …

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London conference calls Russian online retailers to discuss “new services, new techniques, new thinking”

October 21, 2013 October 21, 2013

Russian participants are welcome to the first annual Online Retail Conference, which will look over the horizon to predict what online retailers should be thinking about and aiming to achieve next. This major industry event is all about new thinking, new techniques, new design, new ideas and new services. The conference will be held on …

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Prostor Capital invests $2 million in retail marketing solution Smart Checkout

October 17, 2013 October 17, 2013

Open Retail, a subsidiary of marketing communications agency Open Group, has raised about $2 million from Prostor Capital to develop Smart Checkout, a hardware and software system that identifies customer preferences during checkout and produces a targeted advertising message via coupon. The company claims that its technology currently has no direct competitors on the Russian …

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