Retailers in Russia, including online store Ulmart and consumer-electronics chains M.video and Metro AG’s Media Markt, will hold a third Cyber Monday event next week with the stakes higher than in the past two years as the economy heads into recession.
At least 50 companies will participate, offering online discounts and promotions, shares Russian e-commerce lobby group Akit, which has been organising the event since 2013. Other retailers participating in the event include children’s goods chain OAO Detsky Mir and Rocket Internet AG’s (RKET) online fashion vendor Lamoda.
Russia holds Cyber Monday later than the US and UK because Russians shop actively until the very end of December, then we have a 10-day holiday, and the end of January is the time to give a boost to sales, believes Akit spokeswoman Uliana Vlasenko.
This year, Cyber Monday may be more important for retailers trying to attract trade. Many Russians brought forward purchases to the end of 2014 as they rushed to convert funds into goods before a weakening ruble further inflated prices.
Majid Al Futtaim has made significant strides toward environmental, social, and corporateJuly 5, 2022 | By RetailME Bureau
Consumers, investors, and other key stakeholders of fashion retail are at aMay 11, 2022 | By Zubina Ahmed
The Frozen Chicken’ as Spinneys was fondly referred to back in the
Veppy.com, a Q-Commerce marketplace startup just announced their go live date in the
GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading
Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot
Eid Al-Fitr is an occasion to gather with your friends and family
Leading retailer LuLu Group further strengthened its presence in the Emirate of
Jones the Grocer, the Australian gourmet grocer and café chain, announces further
What is a perfect healthy snack for Ramadan? An assortment of dried
With Ramadan almost at it’s first week, we are wondering where can
In spirit of the holy month, Amazon announced that it will contribute
As consumer behaviour is changing and the demand for delivery is expanding,
As part of the ‘Gift an Iftar’ campaign, Festival Plaza, part of
As consumers are becoming more aware of the impact of cosmetic ingredients
UAE based leading retail conglomerate Lulu Group announced major investments in food
One of Marilyn Monroe’s most famous quotes was: ‘Give a girl the
Retailers in the Middle East are making strides in their multichannel offerings,
Gulf Marketing Group (GMG) is gearing up for a continued surge in
Blush & Bloom, an online maternity boutique that provides maternity, nursing, and
Abu-Dhabi based Rizek, the first app for on-demand home services in the
It is impossible for any retailer to survive without e-commerce capabilities, according
The unprecedented challenges of 2020 made way for the untapped opportunities that
GCC-based noon.com, the homegrown digital marketplace, announced its biggest ever Yellow Friday Sale
A new UAE e-commerce platform, Flip19.com, goes live in Dubai. The site