E-Tailing refers to the buying of products and services over the internet. Sellers that sell their products online either maintain their own websites or operate through other online retailers. Until recently, there were few e-tailing vendors in Russia, but buyers today can find numerous web portals that offer products across various categories. e-Tailing is beneficial for both buyers and sellers. Buyers can purchase products and services of their choice from any location and at any time while sellers can save the cost of setting up physical stores. Analysts forecast the e-Tailing market in Russia will grow at a CAGR of 23.72 percent over the period 2014-2018.
The Report recognizes the following companies as the key players in E-tailing Market in Russia: OOO Yulmart RSK, Ozon LLC, Wildberries LLC, Yandex NV, Biglion, Kupishuz OOO, Novyy Impu`s-50 OOO, OOO Edil-Import, Privat Treyd OOO, Wikimart.
Recently, the vendors in the e-Tailing market in Russia have started using the multi-channel retailing model. Retailers now sell through their own online websites and retail stores as well as through other popular online retailers. This helps them influence the large consumer base of popular e-tailing vendors and increase their penetration in the market. It also helps them compete with other popular brands present on multiple websites.
This report covers the present scenario and the growth prospects of the e-Tailing market in Russia for the period 2014-2018.
The e-Tailing market in Russia can be segmented into eight retail categories: household appliances and electronics; clothing, shoes, and accessories; household goods and furniture; goods for children; cosmetics and perfumes; books, DVDs, and CDs; sporting goods; and gifts and luxury items. The e-Tailing market has huge growth potential. The growth in transportation and logistics, development of online payment portals, and increase in internet penetration will increase the revenue of the e-Tailing market in Russia during the forecast period.
e-Tailing Market in Russia 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Russia; it also covers the e-Tailing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the e-Tailing market in Russia is driven by many growth factors, one of which is the increased internet penetration. The internet has resulted in a more connected world and provides shoppers the convenience of purchasing a wide variety of products at varied prices.
Further, the report states that the issues with logistics are a major challenge. The vendors have to take into consideration the shipping costs and approximate the delivery time. This is essential for customer satisfaction, which would be later converted to customer loyalty.