Russians cut spending on marketplaces after warehouse strikes
Russians sharply reduced the number of purchases on marketplaces after strikes on Ozon and Wildberries warehouses. Financial director of Sberbank, Taras Skvortsov, reported that Russians have been spending less money on marketplaces since the start of Ukrainian strikes on Wildberries and Ozon warehouses.
Consensus
- Consumers in Russia reduced spending on marketplaces Wildberries and Ozon after drone attacks on their warehouses.
- Spending on marketplaces has decreased by 15% compared to two months prior, according to data from 'SberIndex'.
- Year-on-year growth in consumer spending on marketplaces continues, but the growth rate has slowed nearly in half.
- The slowdown is described as 'only first signs' of reduced consumer spending.
- Marketplaces account for 37% of non-food consumer spending and 15% of all consumer spending in Russia.
- This share has increased from 24% a year ago, indicating rapid growth of marketplaces relative to the rest of the market.
- Both marketplaces and the government recognize the economic importance of marketplaces.
- Efforts are underway to overcome current challenges and rebuild logistics chains without significant price increases.
- Drone attacks on Wildberries warehouses began on 18 July.
- Ozon warehouses were attacked starting 22 August.
Points of divergence
- Journalist Ivan Zhadayev conducted an investigation by registering as a seller to access internal marketplace statistics. — tg_svobodnieslova
- Orders on Wildberries are reportedly placed by the military. — tg_svobodnieslova
- The government approved a support package for entrepreneurs whose goods were damaged in drone attacks, if losses exceeded 5% of annual revenue. — thebell
- After attacks on Ozon, the Kremlin began considering other support options for marketplaces. — thebell
- The estimated damage to Wildberries and its sellers from drone attacks over 1.5 months may exceed 800 billion rubles. — tg_agentstvonews
- Ozon is linked to a shadow business empire belonging to Vladimir Putin, according to FBK. — tg_agentstvonews
Coverage (4 sources)
- Russians are spending less money on Wildberries and Ozon after strikes on warehouses — Вёрстка
- Russians are spending less on marketplaces — The Bell
- Russians sharply reduced number of purchases on marketplaces after strikes on Ozon and Wildberries warehouses — The Moscow Times
- Russians are spending less on marketplaces amid Ukrainian strikes on their warehouses — Агентство. Новости