Russia to witness online retail boom in 2013

Published on : Friday, February 15, 2013

Online shoppingOnline shopping in Russia will see a real boom in 2013, according to analysts from US investment bank Morgan Stanley. They estimated that market volume for online purchase in Russia will double this year, and is due to increase to 40 billion dollars by 2015.
Every second Internet user currently buys products through the Internet, namely, 25 million Russians are annually involved in online shopping. Last year’s market volume for e-commerce in Russia stood at 12 billion dollars, a figure that experts say may increase drastically in 2013 thanks to broadband Internet access. They are echoed by Moscow-based analyst Ilya Rachenkov who mentions two major factors to add to expanding online shopping in Russia.
“First and foremost, this year will see further growth in broadband Internet access in Russia, where the number of Internet users is almost certain to increase, Rachenkov says. Another factor is the spread of online banking and electronic payment systems, including Yandex Money and many others.”
Shopping clothes and electronics online has been not uncommon in the Runet in the past few years, something that was also the case with the online service of collective purchases. Experts say that such a service will see a decline in 2013 due to overstocked market.
Meanwhile, Morgan Stanley experts predict that the market volume for products purchased online in Russia will increase to 36 billion dollars by 2015 and more than 70 billion dollars by 2020. This means that part of the shopping business will be gradually transferred to the Internet to reduce expenses, says Sergei Khestanov, chief executive of the Alor company.
“Online shopping, Khestanov says, will contribute to enhancing the consumer retail market due to the fact that as compared to traditional trade, online one can introduce a lot more goods to be purchased by customers all across Russia.”
According to Russia’s leading Internet search engine Yandex, last year saw an increase in regional online shopping in Russia, a trend that experts say will play into the hands of young trade specialists who could support online shopping. This, in turn, will add to creating more jobs in Russia in the future.

Tags: , ,

3 Responses to Russia to witness online retail boom in 2013

  1. mourcence says:

    This seriously answered my dilemma, thank you!

  2. Jessica says:

    I believe that is one of the most important information for me.
    And i’m happy reading your article. But should remark on some common things, The web site taste is ideal, the articles is in point of fact excellent : D. Just right task, cheers

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 ITE-HCMC 2018
  • 13 aite 2018
  • 14 traveltechme 2018
  • 15 TravelDaily TDC 18
  • 16 OTDYKH 2018
  • 17 Hotel Show dubai 18
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 18 thincindonesia 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 europecongress 18
  • 20 sahicsouthamerica 2018
  • 21 bitmchina 2018
  • 22 Hotel Management Singapore Summit 18
  • 23 PTM 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com