Boston, MA -- (SBWIRE) -- 06/24/2014 -- 2013 was a very good year for internet retailing in Romanian with online payments increasing considerably. Although in 2012, for instance, the majority of consumers preferred to order products online while demanding an upon delivery payment, the high level of penetration and the rebound of the Romanian economy strengthened consumers' confidence in online payment methods. Product range diversity was also an important factor that stimulated growth with consumers looking for various promotional advantages.
eMAG from Dante International SA continued to lead in terms of online sales with value share of 33% in 2013. The large variety of products as well as the company's satisfactory quality products contributed heavily to the number of sales. One other point that reinforced the online retailers' position is the fact that its strategy is focused only on selling online which allows the reduction of costs of personnel and to focus on strategies that would increase the number of clients, while at the same time improving its services. For instance, the delivering system was improved by introducing the possibility of checking the product before accepting it from the courier, with consumers paying either upon delivery or online by credit cards.
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Internet retailing is expected to increase both in constant value terms with a CAGR of 11% for the forecast period and in terms of players, with more and more small players emerging at the bottom of the ranking. The evolution of the main competitor is set to increase as the online outlets are increasing in efficiency with more and more customers switching to online shopping.
Discover the latest market trends and uncover sources of future market growth for the Internet Retailing industry in Romania with research from Euromonitor's team of in-country analysts.
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The Internet Retailing in Romania market research report includes:
- Analysis of key supply-side and demand trends
- Detailed market shares for international and locally-based retailers
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- Who are the leading retailers in Romania?
- How quickly is internet retailing growing in Romania?
- What products are selling best over the internet?
- Which internet sites are attracting the most sales?
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