With its impressive growth domestically, Bakalchuk’s Wildberries is now looking to expand into foreign markets where it will face multinational giant Amazon for the first time. All this despite the company’s humble beginnings operating out of Bakalchuk’s apartment. Wildberries, a Russian e-commerce retailer, also saw its business accelerate as a result of the pandemic, consolidating its position as the largest e-commerce platform in the country.įounded in 2004 by former teacher Tatyana Bakalchuk, Wildberries has since leapfrogged larger, better-financed competitors to become one of the country’s largest online retailers. In the fourth quarter of 2020, which includes the holiday season, the e-commerce provider reported revenue of US$125.56 billion, passing the US$100 billion mark during a quarter for the first time ever.Īmazon is not alone in seeing the benefits of the pandemic’s shift to e-commerce. haven’t been the only ones to profit.Ī report from International Business Machines Corporation’s (IBM) United States Retail Index in August 2020 suggested that the pandemic had accelerated the shift away from physical retail to digital retail by roughly five years.Īmazon, the largest e-commerce retailer and one of the most valuable global companies in the world, saw its business skyrocket as a result of the pandemic. The coronavirus pandemic has led to remarkable growth in the global e-commerce industry, but global giants like, Inc. Jeff Bezos’ online retail giant accounts for around one in every $3 spent online in the U.S., although its grip on the market has dipped since the start of the coronavirus pandemic as more shoppers and retailers have moved online.Please enter a valid email address! Founded in 2004 by former teacher Tatyana Bakalchuk, Wildberries has since leapfrogged larger competitors to become one of the country’s largest online retailers. will put Wildberries in even closer competition with Amazon, following launches in France, Germany and Italy in the last 12 months. That compares to 437 billion rubles ($5.4 billion) of domestic sales in Russia - more than twice the volume of Russia’s second-largest online retailer, Ozon.Įntry into the U.S. The company, which specializes in selling clothes and was a trailblazer for Russia’s e-commerce industry, says it almost doubled international sales last year to 23.7 billion rubles ($310 million). is the world’s largest online market and is Wildberries’ most ambitious international expansion to date. website and app - available in English and Russian - and says around 5.5 million items will be available from 40,000 brands. The company has launched a dedicated U.S. the latest international market it hopes to break into after opening online stores for customers across western Europe earlier this year. Wildberries, Russia’s largest e-commerce site, has launched in the U.S.
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