Wildberries accused Ukraine of double standards and discrimination of business. Wildberries told that it sold goods that other foreign players sold in Ukraine. The company said it didn't have assets in Ukraine or capital, so sanctions wouldn't harm Wildberries, but only Ukrainian entrepreneurs using its platform. Trade in military uniforms and anti-Ukrainian books was named as the reason. In July 2021, Ukraine imposed sanctions against Wildberries and its owner Tatyana Bakalchuk. Since June 2021, Wildberries has started online sales by instalment and on credit in Russia. In April 2021, Wildberries launched an online store in the United States. In January 2022, Wildberries Bank started withdrawing prepaid virtual bank`s "WB-cards" with a digital wallet. In August 2021, the bank was rebranded as Wildberries Bank. In Wildberries the bank will be used for settlements with suppliers and for servicing consumer services. The bank's capital is 302 million rubles, the purchase price is unknown. In February 2021, Bakalchuk bought a small Russian bank Standard Credit (official site). About $305 million are accounted for overseas markets. ĭuring the COVID-19 pandemic in 2020, the company reported an increase in sales volumes almost doubled - up to $ 6 billion. The company managed to expand in the aftermath of the 2008 financial crisis, as foreign companies sought to offload their excess inventory at a steep discount.įorbes Magazine included Bakalchuk to the list "The 10 Most Notable New Billionaires Of 2019". It plans to open about 100 order distribution units in Poland and has opened the first in Warsaw. In January 2020, Wildberries started work in the European Union with the launch of sales in Poland. In 2019, Wildberries had revenues for $3 billion with net profit increasing from Rbs1.88bn to Rbs7bn, confirming Wildberries’ leading role in the Russia’s fast-growing $30bn ecommerce market. Based on Forbes’ analysis, Bakalchuk is worth approximately $1 billion in 2019. In 2018, Wildberries pulled in $1.9 billion in sales and attracted 2 million daily visitors. The company, originally based in Milkovo, Moscow Oblast, relocated to Moscow in 2018. In 2017 Wildberries became Russia's largest online retailer, surpassing Ulmart. Her husband, Vladislav, an IT technician, soon joined her to help build the business. She realized how difficult it was for her and other young mothers to shop for clothes for themselves with a newborn at home. īakalchuk started the business in 2004 at age 28 in her Moscow apartment while on maternity leave from teaching. The company was founded in 2004 by Tatyana Bakalchuk. The company processes 750,000 orders on average a day online. Wildberries sells 37,000 brands of clothing, shoes, cosmetics, household products, children goods, electronics, books, jewelry, food and much more. Besides Russia, they have services in 15 other countries: Armenia, Belarus, France, Germany, Israel, Italy, Kazakhstan, Kyrgyzstan, Moldova, Poland, Slovakia, Spain, Turkey, the United States, Ukraine and Uzbekistan, with more than 48,000 employees. 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.Wildberries is the largest Russian online retailer founded in 2004 by Tatyana Bakalchuk. 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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