Russia: latest retail news, insights and analysis | ESM Magazine

Russia's Magnit Seeks To Foster E-Commerce Development

Russian retailer Magnit has announced a number of changes to its organisational structure in a bid to accelerate digital transformation and boost e-commerc...

Magnit Issues 5m Magnit Pay Cards In First Seven Months

Russian retailer Magnit has announced that its payment service Magnit Pay has issued five million virtual payment cards since its launch in December 2020....

Russia's X5 Restructures Digital Businesses, Eyes IPO

Russia's largest food retailer X5 has created a separate entity for its digital businesses, the company announced, paving the way for the new ent...

Russia's Magnit Launches Credit Broker Service

Russian retailer Magnit has launched a credit broker service through its mobile app, which enables users to apply for a credit card and receive a rapid res...

X5 Delivery Aggregator Okolo Expands Operations In Russia

X5 Retail Group is bringing its Okolo-branded delivery aggregator to new geographies outside Moscow and the Moscow region for food and ready-to-e...

Russia's Ozon Sees 135% Jump In Transactions In First Quarter

Russian online retailer Ozon has reported a sixth consecutive quarter of triple-digit growth in online transaction volumes – its core business metric...

Ozon Establishes Operating Company In Belarus

Russian e-commerce giant Ozon has announced the establishment of an operating company in Belarus, Ozon Rocket Bel LLC, with which it is aiming to 'scale up...

Russian Online Giant Yandex Improves Revenue Outlook As E-Commerce Booms

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery...