Businesses in Russia Are Actively Moving Online

Retail Sales in Russia Up in April
Photo: EPA

Not only large companies in Russia but also small firms are actively switching to online sales, Russian media informs.

Their volume has grown by almost one and a half times over the past year. Experts predict that more and more Russians will remain in the habit of ordering via the Internet in the future.

The largest electronics and grocery retailers have benefited from the transition to online. For example, M.Video already sells more than 40 percent of its products. The turnover of X5 Group, which owns Pyaterochka and Perekrestok stores, has grown by hundreds of percent on the Internet.

2020 has been an incredibly successful year for online retailers. The total turnover amounted to 159 billion rubles. By the end of 2021, online food sales will grow from 33 to 50 percent, Russian media add.

The drop in income can be especially noticeable in the catering and entertainment sectors. Restaurants and cafes are open at this time only for delivery. They will be allowed to enter theaters and museums by QR codes, while cinemas are closed for the time being.