Involuntary consolidation
05.11.2015 5103

Involuntary consolidation

At the end of last week, marketing company Nielsen reported that China surpassed the United States in online retail sales. At the end of 2014, the online sales market in the Middle Kingdom reached $ 2 trillion, and the entire Internet economy of the country amounted to 7% of GDP. The Russian e-commerce market looks tiny against the background of the Chinese one. In the best case, by the end of the year, it can reach $ 13 billion.

Now the growth of Russian Internet trade is mainly due to cross-border trade, where China is again in the lead. “The main driver of growth in cross-border e-commerce in Russia in 2014 was China - its share in the number of orders almost doubled - from 45 to 72% in one year,” analysts say.

In theory, amid devaluation, cross-border trade should have almost died, but it has only coughed and is now recovering again, said Ivan Kurguzov, head of the Electronic Commerce cluster of the Russian Electronic Communications Association.

Despite the economic crisis, Russia remains a promising sales market, confirms the commercial director of ZheldorExpedition Evgeny Mozhaev, however, the Chinese are losing their competitive price advantage due to long delivery times. It averages from three weeks to two months.

Mozhaev believes that this situation is forcing Russian online stores to cut prices and merge with each other.

Consolidation awaits Russian participants in the e-commerce market, Andrei Karpov, executive director of the Association of Retail Companies (ACORT), is also confident.

 

At the end of last week, marketing company Nielsen reported that China surpassed the United States in online retail sales. At the end of 2014, the online sales market of the Middle Kingdom reached 2 ...
5
1
Please rate the article

Materials on the topic

The share of marketplaces will grow

The footwear category on Ozon Fashion is showing steady growth The share of online sales in fashion is growing, and last year it was already more than 54%. Buyers are increasingly buying clothes and shoes online, and the lion's share of these purchases…
16.09.2025 7318

The Battle for the Sports Shoe Market

Fashion market experts and economic analysts predict a decline in sales of Nike and Adidas. The leadership positions of the unsinkable sports giants may be seriously shaken in the coming years, as they are being pushed out by young, bold and active competitors –…
08.07.2025 11344

Shoe factories in Russia are closing one after another

The footwear industry in Russia is in a severe crisis. A number of Russian shoe manufacturers have announced the end of their…
13.12.2024 34266

Shoemakers' problems are growing

The annual general meeting of the National Footwear Union (NOBS) was held in Moscow.
16.12.2024 14784

How to determine the effectiveness of a shoe business

Today, most entrepreneurs calculate and analyze their business performance indicators. However, about 30% either do not do this or do not understand anything about it (but would like to understand this issue and start working with…
16.09.2024 15096
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning