Nasdaq exchange last year.įounder Tatyana Bakalchuk still owns 99% of the company, making her the richest woman in Russia. The company is highly secretive about its finances, stating only that it sold $6 billion worth of merchandise in 2020 and that it is profitable - a difference from key rival Ozon, which turns a loss and raised $1 billion in funding for its own expansion plans on the U.S. The firm is now active in 13 markets, development director Vyacheslav Ivashchenko said Wednesday. Wildberries purchased a minor Russian bank - Standard Credit - in February in a bid to get an in-house payments system as it continues its rapid expansion across Russia and internationally. Wildberries controls around 13% of Russia’s e-commerce market, according to analytics firm Data Insight - more than twice the share of its nearest rivals, such as Ozon as well as spin-off initiatives from some of Russia’s largest companies, including Yandex, Sberbank and Mail.Ru. and Europe - with companies still jostling for position and investing heavily to win customers. However, the country lacks a clear dominant player - a role filled by Amazon in the U.S. Online retail is growing rapidly in Russia, and the pandemic has accelerated its development by years, analysts say. Wildberires will use local partners in each country to handle delivery logistics. The move follows other recent expansions, including into Germany, and means Wildberries is now active in all four of the EU’s largest consumer markets.Ĭustomers in France, Italy and Spain can use dedicated sites and mobile apps tailored to their market, the products on offer and in their language. The company has started selling in France, Italy and Spain, it said in a statement sent to The Moscow Times. In the near future, Wildberries plans to expand its assortment by connecting new sellers from various countries.Russia’s top online retailer, Wildberries, launched in three major European countries Wednesday. “We strive to make purchases on Wildberries even more profitable for Russians: to offer more goods at attractive prices, and fast delivery from reliable logistics partners will significantly reduce the time it takes to receive orders for cross-border purchases,” the Wildberries press service said. Delivery of orders to buyers will be free and will take from several days to two weeks, depending on the country of the seller, the company said. Russians will be able to receive parcels from foreign sellers at Wildberries' order pick-up points. The delivery of goods from sellers to buyers in other countries will be carried out both by Wildberries' own logistics service (for example, in Belarus and Kazakhstan) and via international logistics partners (in China and other countries). “To date, the online retailer, in addition to Russia, is represented in 13 more countries around the world, including the USA, Germany, France, Italy, Spain, etc.” “In the future, the online retailer plans to connect manufacturers from the European Union and other countries where it already works to the project,” the company said. Wildberries has launched a pilot project for direct sales from foreign markets, offering goods from sellers from Belarus, Kazakhstan and China, which have been made available to Russians. Russia’s largest online retailer Wildberries has launched direct sales from Belarus, Kazakhstan and China to Russian consumers, the company said in a statement on June 23.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |