Central regions | Retail, FMCG | Finance, business

E-commerce partially recovers, but pre-crisis buoyancy still far ahead

28 May '20
The Russian Postal Service yesterday reported a 21% average daily increase in the number of online retail purchases in May after a 6% average daily decline observed in April. However, overall online purchasing activity in May has remained below pre-crisis levels, the USRBC reported.

Some online retailers have noted that limited access to European and Chinese online stores due to Covid-19 restrictions has led to a marked increase in demand for domestic goods. While April saw a short-term spike in online demand for basic items such as food, disinfectants and personal protective equipment, the last few weeks have seen a broad-based increase in household items, clothing, and seasonal goods sales.

Some analysts have attributed the recovery in e-commerce to stronger consumer confidence and many online retailers' rapid adaptation to Covid-19 restrictions. Additionally, many senior citizens have begun to shop online during the pandemic.

The National Association of Online Retailers has noted that the May recovery in sales has mostly benefited large online retailers while many smaller vendors may return to pre-crisis sales volumes no sooner than in the second quarter of 2021.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: e commerce (9) / Covid 19 (21) / online retail purchases (0) / Russian Postal Service (0) /

Latest News: Central regions
3 Jul '20 | Technology & innovation
3 Jul '20 | Technology & innovation | Finance, business
2 Jul '20 | Technology & innovation
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masksan...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 22071)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

3 Jul '20
A California-based start-up of Russian origin raised...
2 Jul '20
A Covid-19 vaccine has been unofficially tested on...
30 Jun '20
A Russian Linux-based operating system has been...

Most read stories from last week

3 Jul '20
Russian biophysicists have created a compact device...
3 Jul '20
Piezus LLC, a resident of the Technopolis Moscow SEZ,...
3 Jul '20
A California-based start-up of Russian origin raised...