EMAG-Extreme Digital leads online retail sales market
The eMAG-Extreme Digital group led Hungary's online retail market last year, state news wire MTI reports, citing a ranking compiled by GKI Digital.
Hungary's Extreme Digital and eMAG, a unit of South Africa's Naspers group, merged late in 2019. Last year, their gross online sales came to HUF 130 billion.
Runner-up was MediaMarkt and Alza.hu was in third place.
GKI Digital noted that the 15 biggest online retailers in Hungary generated gross sales of HUF 380 bln last year, taking 41% market share.
GKI Digital said online FMCG sales reached gross HUF 76.6 bln last year. Market leader in the category was TESCO, followed by kifli.hu and Auchan. It added that turnover of the five biggest online FMCG sellers exceeded HUF 50 bln.
ADVERTISEMENT
Number of Bank Branches Continues Decline
Gov't to Launch HUF 20 bln Workers Hostel Program
Dr. Rose Ends Year With Renewal and Expansion
Heineken Balaton Sound Announces 1st Phase Lineup
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
