Magnit

Russia's Magnit Races To Open Discount Stores As Living Standards Slump

Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options...

Russia's Magnit Reports H1 Profit And Revenue Jump

Russian retailer Magnit has reported a revenue and profit jump in the first half of this year, boosted by strong sales growth that it said has accelerated...

Russia's Magnit Launches Retraining Programmes For Unemployed Workers, Refugees

Russian retailer Magnit has announced the launch of a number of retraining programmes for those that have recently lost their jobs – such as tho...

Epic Partners Suspends Collaboration With Magnit

European retail alliance Epic Partners has decided not to conduct joint negotiations on behalf of Russian retailer Magnit in response to Moscow's invasion...

Russian Retailers Limit Margins On 'Socially-Important Products'

Leading Russian retailers including Magnit, O’Key and Auchan have said that they are voluntarily limiting margins on 'socially-important' products, s...

Magnit May Raise Dividends, Hints At M&A Opportunities: CEO

Russian retailer Magnit may be able to return more money to shareholders through dividends even as it keeps the door open to acquisitions, CEO Jan Dunning...

Sustainability 2022 – Anna Meleshina, Corporate Relations and Sustainability Director, Magnit

In the most recent edition of ESM, as part of our Sustainability 2022 feature, we spoke to a number of top executives working across the global retail and...

Magnit Continues Expansion With Radezh Takeover In Volgograd

Magnit has upgraded its store opening guidance for 2021 following the announcement that it has reached agreement to take-over the long-term leasehold right...