Russian e-commerce leader Wildberries launches in France, Italy and Spain

Russian e-commerce leader Wildberries launches in France, Italy and Spain
Russia's e-commerce market leader Wildberries is continuing its European expansion drive by adding more countries and moving into France, Italy and Spain / wiki
By East West Digital News in Moscow March 11, 2021

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 localised web and mobile interfaces (FranceItalySpain), online shoppers from these three countries can access more than four million products from some 40,000 brands — from fashion items, to electronic and household appliances, to books, to sports items, to cosmetics and more, reports East-West Digital News (EWDN).

“We offer a large assortment of items from various manufacturers, from famous global brands to small local businesses, and we are open to partnerships with entrepreneurs from all countries” Vyacheslav Ivaschenko, director of development, was quoted as saying. Thanks to local logistics partnerships, Wildberries provides home deliveries by courier in the three countries, as well and pickup point deliveries in France and Spain, with 2,500 and 1,900 pickup points respectively, as reported by Russian publication Retail & Loyalty.

In addition to Russia, its home market, Wildberries currently serves several countries of the former Soviet Union: Armenia, Belarus, Kazakhstan and Kyrgyzstan as well as Ukraine, where it launched operations this past September (via its Polish subsidiary).

The Russian e-commerce company also operates in Poland (since January 2020), Slovakia (since May 2020) and Israel (since December 2020).

Wildberries reported total sales of more than $6bn in 2020 (up from $3.3mn in 2019, according to DataInsight).

Emerging outbound e-commerce Wildberries offers a rare example of a Russian online retailer selling outside Russian-speaking countries. While cross-border sales to Russia account for several billion US dollars every year, Russian e-commerce majors have essentially focused on their domestic market so far.

Among the exceptions is Ozon, whose products are popular among Russian-speaking communities in the US, Israel and other countries. However, Ozon, which made a triumphant NASDAQ IPO in late 2020, has no in-house logistic infrastructure outside Russia. While focusing mainly on China-to-Russia sales, market leader AliExpress Russia (a joint property of Alibaba, Mail.Ru Group, Megafon and sovereign fund RDIF) also provides Russian merchants with international sales opportunities.

The international successes of JOOM are also noteworthy. This company, whose mobile apps sell Chinese products at cut-rate prices, did not start from Russia, but it was founded in 2016 by Russian entrepreneur Ilya Shirokov. France is among its main markets.

-

This article first appeared in East-West Digital News, a partner of bne IntelliNews

 

Related Articles

Turkish bankers refilling ATMs three times a day as Erdogan resists printing bigger banknotes

Turkish banks are having to refill ATM machines three times a day with 100 and 200 lira banknotes, local business daily Ekonomi ... more

TBC Uzbekistan launches in-house processing centre to boost digital banking growth

TBC Uzbekistan, billed as the leading digital banking ecosystem in Central Asia, has launched a high-tech in-house processing centre to streamline payment processing and ... more

Kyrgyzstan’s president wants new, more patriotic national anthem

Kyrgyzstan’s President Sadyr Japarov has announced plans to revise the country's national anthem, which he says fails to inspire patriotism and unity. The ... more

Dismiss