Wildberries has just launched its first financial product — a virtual debit card that allows its customers to make purchases on the marketplace with a 2% discount. The news was reported earlier this week by RB.RU, which cited the company’s press service. Only users with a Wildberries account can get the ‘WB Card,’ which is provided at …
Russia’s largest online retailer Wildberries has launched direct cross-border sales from Belarus, Kazakhstan and China to Russian consumers, the company announced on June 23, presenting the move as a pilot project. Cross-border delivery of goods will be carried out both by Wildberries’ own logistics service (for example, in Belarus and Kazakhstan) and via international logistics partners (in …
Wildberries launches cross-border sales to Russian consumers Read More
Wildberries, the number one Russian e-commerce company, is making its first steps on the US market with dedicated versions of its website and mobile app. The site’s URL, us.wildberries.ru, betrays its Russian origin, while no US suppliers have been onboarded for the moment, as reported by Kommersant. Deliveries will be carried out from Russian warehouses with the help …
Russian e-commerce leader makes first steps on US market Read More
In late February Wildberries, the number one Russian e-commerce company, launched in three new EU countries: France, Italy and Spain — just weeks after its debut on German soil. Through localized web and mobile interfaces (France, Italy, Spain), online shoppers from these three countries can access more than four million products from some 40,000 brands — from …
Russian e-commerce leader Wildberries launches in France, Italy and Spain Read More
Ulmart, the former Russian e-commerce leader, is going bankrupt after three years of dire shareholder disputes. Founded by Alexey Nikitin in St. Petersburg in 2008, Ulmart developed a hybrid online-offline model: “part IKEA and part Amazon,” as former CEO Sergey Fedorinov put it. In its best days, the company had nearly 50 urban and suburban …
Former Russian e-commerce leader Ulmart under bankruptcy procedure Read More
Wildberries, Russia’s leading e-commerce player, considers expanding across Europe’s largest countries. After first steps in Slovakia and Poland, the company said it is “studying possible options to work in other countries of the EU, including France and Germany,” as reported last week by the Prime news agency. “Discussions are being held with officials from foreign …
Wildberries, Russia’s leading e-commerce player (nearly $1.8 billion in revenues generated in 2018), has plans to enter the EU market via Slovakia, the RIA news agency reported, citing company founder Tatyana Bakalchuk. The statements were made at a bilateral Russian-Slovakian government meeting on Sept. 27. Wildberries eyes Central and Eastern European (CEE) countries as an entry point …
Russian e-commerce leader Wildberries plans to invest €200 million for EU expansion Read More
Russian e-commerce kept growing fast in the first half of this year, reaching 725 billion rubles (slightly more than $11 billion), up 26% from H1 2018. This estimate, provided by research agency Data Insight, concerns only domestic sales of physical goods. During this period, 191 million orders were processed by Russian sites, up 44% year-on-year. …
Russian e-commerce continued fast growth in H1 2019, Wildberries stronger than ever Read More
Each year specialized research agency Data Insight releases its ranking of Russian e-commerce sites. Sites are ranked by sales volume (incl. VAT), number of orders and average order value as estimated by the research agency and, in certain cases, confirmed by the companies. (The ranking excludes foreign players, which explains why AliExpress is not mentioned.) …
In the spring of 2004, school teacher Tatyana Bakalchuk and her husband Vyacheslav, a radiophysicist, realized they weren’t earning enough money to provide for their infant son. So they decided to launch an online clothing store. Fond of brightly colored clothes, Bakalchuk named her business “Wildberries.” She was the company’s first customer, and she used …
According to a Morgan Stanley report released last month, the Russian e-commerce market for physical goods will grow to $31 billion by 2020 and may reach $52 billion by 2023 – up from around $18 billion (1,040 billion rubles) in 2017. “Russia is the last major emerging market without a dominant online retailer. Russia is at …
Morgan Stanley sees Russian e-commerce grow nearly 3-fold by 2023 Read More
Data Insight, a specialized research agency, and Ruward, a publisher of industry rankings, have released their ranking of Russian e-commerce sites in 2016. Sites are ranked by sales volumes, number of orders and average order value as estimated by the research agency and, in certain cases, confirmed by the companies. Fashion site Wildberries.ru jumps from second place …
Local fashion site Wildberries tops Russian e-commerce ranking Read More
