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Russian online retailer rides out storm
Ulmart turned adversity into advantage by developing its own logistics system
Add BT as a preferred sourcePublished Fri, Mar 6, 2015 · 09:50 PM
Moscow
RUSSIAN retailers are being hit by consumers' loss of purchasing power, but Ulmart, the country's version of Amazon, expects to strengthen its position as people begin to count every kopeck.
"We are optimistic about this year," said Ulmart board chairman Dmitry Kostygin.
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