All Russia articles – Page 4
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News briefs
Wildberries to accept payment by instalments in Russia
The Russian online retailer Wildberries is expanding a new financial service enabling clients to pay by instalments. Interest-free instalments have so far been available only for some household appliances and electronics. But, Wildberries plans to expand the range of products that can be bought in instalments to 11 million items. ...
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News briefs
Heat wave spurs demand for light shoes in Russia
The demand for sandals and open-toe shoes skyrocketed in Russia during the past few weeks in the wake of an abnormal heat wave in the European part of the country, the Russian marketplace Lamoda reported. Sales of sandals jumped by 182 percent and grew by 164 percent for open-toes shoes ...
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News briefs
Russian shoes gain in popularity according to Wildberries
In the first four months of 2021, sales of Russian-made goods jumped by 130 percent to 114 billion rubles (€1.3bn-$1.6bn), with shoes and clothes being the most popular product categories, according to Russia’s biggest online retailer Wildberries. Ivanovo Oblast region was the biggest supplier of adult shoes and clothes, while ...
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News briefs
Russian labeling causing problems for shoe imports
The mandatory labeling introduced by the Russian government for footwear is causing problems with imports, according to market participants. As foreign suppliers are not familiar with labeling rules, Russian importers have to print the labels and send them to their partners with clear instructions on how they must be used, ...
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News briefs
Russia postpones to June 15 deadline to sell unlabeled shoes
The Russian government has once again pushed back the deadline for retailers to sell stocks of unlabeled footwear. The new date is June 15. Labeling shoes with special electronic tags became mandatory in Russia on June 1, 2020. As of April this year, 82,000 companies have registered with the new ...
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ArticleRussian shoe sales remain weak except in main cities
In March, demand for shoes in Russia was estimated 15 percent lower in volume than during the same period of the previous year, according to a research conducted by the Russian IT firm Evotor. The decline can be partially attributed to a price increase caused by the depreciation of the ...
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News briefs
Russia appeals less to foreign brands
A research by CBRE indicated that international brands have partly lost interest in the Russian market due to the Covid-19 pandemic. In the first quarter of 2021, only three fashion brands entered the country: Ecco Kids, Shikkosa and Accessorize. This is estimated to be the lowest number since the 2014 ...
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ArticleOnline sales in Russia skyrocket
In 2020, the Russian online market totaled 3.2 trillion rubles (€35.4bn-$43bn), which was 58.5 percent higher compared to the previous year, Russia’s Association of Internet Trade Companies (AKIT) estimated. The turnover for domestic platforms doubled, reaching 2.8 trillion rubles (€31bn-$36.7bn). The remainder of the spending went to foreign online marketplaces, ...
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News briefsUnichel claims tagging has not eradicated counterfeiting in Russia
The mandatory tagging of shoes has not solved the problem of the wide presence of counterfeit footwear in Russia, according to Ekaterina Zheleznyakova, development director of the shoe producer and retailer, Unichel. So far, the project has only had a negative impact on legitimate businesses, resulting as an additional control ...
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News briefs
The second-hand market is growing in Russia
The Covid-19 pandemic has spurred the demand for second-hand shoes and clothes in Russia, a research conducted by the Russian consulting agency Fashion Research Group showed. As of today, this segment accounts for 6 percent of sales of the Russian fashion market. The continuing deterioration in purchasing power is likely ...
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ArticleFootwear stores hit hard in Moscow, St. Petersburg
In September, independent footwear stores in Russia experienced, on average, a 17 percent slump in sales, compared with the same period of the previous year, on the back of a second wave of Covid-19 in the country, Moscow-based think tank Evotor estimated. It is believed that chains are performing slightly ...
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News briefsRussia reportedly planning to limit shoe imports
The Russian government is mulling over measures aimed at limiting footwear imports, according to the Russian press. The local authorities plan to take advantage of the situation created by the Covid-19 pandemic, including a slump in the import of fashion goods and restrictions on international travel, to expand the domestic ...
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News briefsTamaris launches an online store in Russia
Tamaris, the shoe brand owned by the Wortmann Group, has launched an online store in Russia to support growing sales in the country. The opening of a digital store comes after a successful marketing campaign for the spring-summer season and a rapid development of offline sales, the company said. As ...
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ArticleRussian fashion retailers end up with huge unsold stocks
On average, Russian fashion retailers failed to sell 30 percent of their summer collections due to the Covid-19 pandemic, resulting in record levels of unsold stocks, according to the Moscow-based think tank Fashion Consulting Group. Some retailers were unable to sell half of their summer collections, which now remain on ...
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News briefs
Russian shoe market nearly 3 times larger than previously estimated
The recent introduction of mandatory tagging of footwear in Russia has shown that up to 1.3 billion pairs of shoes are sold in the country on average per year. This is nearly three times more than previous official estimates, said Denis Manturov, the Russian industry and trade minister The tagging ...
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News briefs
Russian shoe market may recover from mid-2021
The most optimistic forecast envisages that the sales on the Russian fashion market will recover only around mid-2021, Anna Lebsac-Kleimans, director of the Russian analytical agency Fashion Consulting Group said. In 2020, sales are likely to contract by 25 to 40 percent compared to the previous year, she said. The ...
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News briefs
Russian customs wants to check parcels for counterfeit shoes
The Russian Federal Customs Service is seeking to obtain authorization from the government to inspect parcels entering the country for the presence of counterfeit products purchased through foreign online stores, according to Sergey Shklyaev, director of the trade restrictions department of the Customs Service. Shoes and clothes are the biggest ...
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ArticleFashion retail in Russia fails to return to pre-crisis sales levels
In Moscow, turnover of the fashion retail market has stabilized at 72 to 75 percent of pre-coronavirus crisis levels, research conducted by the Moscow-based IT company Evotor showed. Fashion retail is recovering slower than other retail segments, and as of the end of July the growth in turnover on this ...
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ArticleMandatory tagging of footwear is finally introduced in Russia
After several delays and despite the continuing protests of some market participants, the Russian government has introduced a mandatory tagging of footwear on the domestic market from July 1. Now, all shoes not featuring Data Matrix tags will be illegal. The government estimates that this measure will wipe out counterfeit ...
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News briefs
Kari inks partnership with AliExpress
Russia’s biggest footwear retailer, Kari, has begun selling shoes and accessories through AliExpress. Kari placed nearly 1,000 different items on the AliExpress website – nearly half of its product range - offering a 40 percent discount on everything. Kari decided to conclude the agreement with AliExpress when it became impossible ...
