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Articles with tag "Retail"
Embroiled in controversy
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.
withdrawal complete
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...
GROWING FAST
Russian Online Retail Leaders Double Sales in 2021
Wildberries, Ozon and AliExpress Russia all expanded rapidly last year.
PRICE CONSCIOUS
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.
OVERTAKEN
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.
PRICE PROBE
Russia Launches Price-Fixing Investigation Into Top Supermarkets
Competition authorities allege collusion to keep prices higher. Analysts suspect political concerns over inflation.
AMERICAN EXPANSION
Russia’s Top Online Retailer Targets U.S. Market
Wildberries launches on Amazon’s home turf in latest international expansion.
PRESSURE POINT
‘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.
Smile, please
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.
TAKEOFF
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.
GOING WEST
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.
HEADING WEST
Russia's Top Online Retailer Launches in Germany
Marketplace Wildberries is plotting expansion into lucrative Western European markets.
MOST WANTED
Masks, Sofas & TVs Top Russians’ 2020 Shopping Lists
Stay-at-home items proved, unsurprisingly, to be the most popular consumer goods of the year.
THE SBER ECONOMY
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.
STAYING HOME
Russian Spending Down 40% on Black Friday
Retail outlook darkens, as online boost fails to compensate for in-store slump.
CLEAR FOR LAUNCH
Ozon Sets Price for Blockbuster $5Bln Share Sale in Quest to Be Russia’s Amazon
Online retail giant gears up for most hotly anticipated Russian stock market launch in years.
RETAIL SLOWDOWN
No Lockdown, But Russia's Shoppers Start Self-Isolating
Consumer spending has dropped to levels not seen since the first wave.
WINDOW SHOPPING
Idle Moscow Stores Reveal Emerging Economic Scars
Shop vacancy rates in the Russian capital are set to hit a record high, and experts expect a wave of bankruptcies in Russia’s services sector.
SIGNS OF RECOVERY
Consumer Spending Approaches Pre-Coronavirus Levels
Sberbank payments data shows spending levels are just 8% down on last year.
SHOPPING DROPPING
Russia’s Shops Reopen Their Doors, But Customers Only Trickle In
Tills are starting to ring as Russia's lockdown eases, but business owners expect revenues to stay lower for longer.
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