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Articles with tag "Retail"
Russian Food Suppliers Warn of Price Hikes Up to 40%
Industry insiders blame high inflation and expensive loans, as well as the rising costs of shipping and raw materials.
Retailer Stockmann Buys Hugo Boss Russia
Stockmann was itself sold to local buyers by its former Finnish owners after Moscow annexed Crimea in 2014.
1 Min read
Russian Online Marketplace Avito Vanishes From Apple’s App Store
Avito, which is among the world’s most-visited classifieds websites, said it contacted Apple to find out why its app was no longer available.
1 Min read
Leroy Merlin’s Former Russian Business Changes Name
The first stores will be renovated by the end of this year, and the rebranding is expected to finish by 2025, the company said.
2 Min read
Home Appliances Made for Ukraine Sold in Russia – Kommersant
Retailers said that products intended for Ukraine were being sold through backchannels to Russia amid falling demand in the war-torn country.
1 Min read
Russia to Inspect Supermarket Chains for Egg Price Fixing
Among the major chains impacted by the inspections are the French-owned Auchan, stores operated by the X5 group, Magnit and Lenta.
1 Min read
French DIY Retailer Leroy Merlin to Cede Control of Russian Stores
The company has been accused of allowing pro-Kremlin activists to use its delivery network to supply the Russian military.
1 Min read
Swedish Clothing Giant H&M Shutters Last Stores in Russia
Swedish fashion retailer H&M announced on Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive...
Russian Online Retail Leaders Double Sales in 2021
Wildberries, Ozon and AliExpress Russia all expanded rapidly last year.
Rising Inflation Gives Boost to Russia’s Discount Retailers
Surging prices and weak wages are a win-win for Russia’s bargain stores, even as the wider economy slows.
Russian Online Retail Pioneer KupiVIP Shuts Down
A failed deal with Yandex was the final chance to save the company, which struggled to compete with well-backed online retail firms.
Russia Launches Price-Fixing Investigation Into Top Supermarkets
Competition authorities allege collusion to keep prices higher. Analysts suspect political concerns over inflation.
Russia’s Top Online Retailer Targets U.S. Market
Wildberries launches on Amazon’s home turf in latest international expansion.
‘We Need Our Government’: Surging Food Prices Put Kremlin on Edge
Food prices are rising fast in Russia and the government has rolled out temporary price caps, but discontent is simmering.
Russian Retailer Launches Facial Recognition Payments
The scheme is backed by Visa and Sberbank, and will be rolled out to 3,000 stores by the end of the year.
Russian Discount Chain Eyes Largest Foreign IPO Since Sanctions
FixPrice is aiming to raise up to $1.7 billion in its London stock market launch.
Russia’s Wildberries Launches in France, Italy and Spain
Russia’s leading online retail giant is betting big on Europe in a major expansion drive.
Russia's Top Online Retailer Launches in Germany
Marketplace Wildberries is plotting expansion into lucrative Western European markets.
Masks, Sofas & TVs Top Russians’ 2020 Shopping Lists
Stay-at-home items proved, unsurprisingly, to be the most popular consumer goods of the year.
Sberbank’s Big Plan to Become Russia’s Consumer Goliath Takes Shape
The state-owned lender will launch an online retail giant in 2021, as it aims to be the main player in almost every sphere of Russian life.
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