On Summer 2022, the company became a kit manufacturer for various Russian Premier League clubs, such as FC Spartak, PFC CSKA and FC Zenit. In February 2022, the company launched the program of 5 billion roubles to subsidy assistance of merchant discount rate for local sellers providing quick delivery. The company's speaker Wildberries didn't expect harm to the company. 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. Wildberries is the largest Russian online retailer founded in 2004 by Tatyana Bakalchuk.
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