SOURCE: DubLi.com

July 10, 2015 02:00 ET

DubLi.com Adds 47 New Stores to Its Russian Shopping Mall in First Six Months of 2015

FORT LAUDERDALE, FL--(Marketwired - Jul 10, 2015) -  DubLi.com, a leader in global Cashback shopping, today announced that it has added 47 new stores to its Russian Shopping Mall, an increase of 34%, in the first six calendar months of 2015 bringing the total number of merchants to over 140. The addition of these new stores, which include several leading international brands such as Lacoste, LEGO, Sony and Samsung, has put DubLi is in an even better position to satisfy its growing customer base and make DubLi a one-stop online shopping destination.

The importance of DubLi's expanding merchant base is directly related to overall growth in the B2C market. According to a recent report commissioned by Ecommerce Europe, the Russian market continues to grow in terms of ecommerce. In 2014, ecommerce sales of this region's markets of this region amounted to EUR 23.4billion, a growth rate of 24.6% compared to 2013. Russia is clearly the leading country in this region with ecommerce revenue of EUR 18.8billion. Russia's online population of 85.0 million people represented the largest Internet base in Europe in 2014. In fact, from 2009 to 2014 the number of people that purchase goods and/or services online more than tripled, from 8.5 million to 28.0 million. Russia was the fastest riser in Europe in 2014, as it established a growth rate of 25.4%.

DubLi experienced growth in its merchant base throughout Europe with increases in Italy of 32%, Austria and Denmark of 17% and 14%, respectively and Switzerland and the UK grew by 13% and 11%, respectively. Germany is DubLi's largest European mall with over 900 merchants. Other DubLi markets including the US, Canada, India and Australia also experienced double digit growth in their merchant bases.

Michael Hansen, Founder of DubLi, stated, "These figures speak well to DubLi's position in Russia as a top Cashback provider. We expect to capture additional market share in the Russian market in line with this continued growth."

About DubLi.com:

DubLi.com is a state-of-the-art online marketplace offering online shopping and Cashback rewards to customers worldwide. DubLi is emerging as a leading ecommerce platform currently serving customers in more than 120 countries. E-shoppers can browse through 21 different categories, which feature international and local brands, entertainment, travel, coupons, discounts and vouchers. DubLi has adapted its multilingual and multi-regional ecommerce platform to serve 12 international markets in local language and currency to strengthen its global ecommerce presence and encourage sales in its countries of operation. Depending on the market, DubLi.com features the world's most popular brands including Amazon.in, Walmart, Nike, Hotels.com, Zalando, Groupon and Expedia.

Since its founding by Michael Hansen in 2003, DubLi has embraced the multi-channel approach to market its ecommerce platform. DubLi offers entrepreneurs the opportunity to create their own distributor organization by joining the direct sales company, DubLi Network (dublinetwork.com). The global network of independent distributors generates traffic and the resulting sales to DubLi.com as well as markets a variety of memberships.  

DubLi and DubLi Network are headquartered in Fort Lauderdale, Florida.

Forward-looking Statements

This document contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding DubLi's strategy, future operations, future financial positions, prospects, plans and objectives of management are forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "target" or "continue" and similar expressions (or the negative of these terms) are intended to identify forward-looking statements. These forward statements include, among other things, statements about management's estimates regarding future revenues and financial performance and other statements about management's beliefs, intentions or goals. DubLi may not actually achieve the expectations disclosed in the forward-looking statements and you should not place undue reliance on DubLi's forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements, including, but not limited to: our ability to successfully obtain consumer and/or market acceptance of our membership Cashback program; the ability to attract customers who purchase through our website; our ability to obtain additional funding and/or generate sufficient working capital to fund our operations; the ability to establish and/or maintain a large growing base of productive business associates; the ability to develop and/or maintain our growing partner programs; the ability to obtain and maintain digital coupon content on our website; the risks related to DubLi's ability to manage its growth, including accurately planning and forecasting its financial results; the competitive environment for DubLi's business; DubLi's ability to protect consumer data and our intellectual property; the ability to adapt to mobile and technological change; the need to manage regulatory, tax and litigations risk; DubLi's ability to manage international business uncertainties; along with other risks and potential factors that could affect DubLi's business and financial results identified in DubLi's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2014.

Contact Information

  • DubLi.com Contact:
    Stefanie Kitzes
    Email Contact
    (561) 362-2399