Magnit

Russia's Magnit Sees Revenue Up 7.7% In First Half

Russian retailer Magnit has posted a 7.7% increase in revenue in the first half of its financial year, to RUB 822.2 billion (€9.48 billion), with the...

Russia's Magnit Sees Revenue Up 9.6% In Second Quarter

Russian retailer Magnit has said that shopper behaviour is starting to normalise, with the group reporting an acceleration in like-for-like sales in its se...

Magnit, Wildberries Launch Express Delivery Partnership

Russian retailer Magnit has announced a collaboration agreement with Wildberries, the country's largest online operator. The two companies have lau...

Russia's Magnit Completes Acquisition Of Dixy Group

Russian retailer Magnit has completed the acquisition of the Dixy Group, which encompasses 2,477 stores across Russia, for RUB 87.6 billion (€1.01 bil...

Magnit Enters Dagestan With Two New Stores

Russian retailer Magnit has opened its first two stores in the republic of Dagestan. The new openings include a convenience store and a cosmetics stor...

Russia's Magnit Seeks To Foster E-Commerce Development

Russian retailer Magnit has announced a number of changes to its organisational structure in a bid to accelerate digital transformation and boost e-commerc...

Magnit To Buy Fewer Dixy Stores To Comply With Competition Law

Retailer Magnit's purchase of rival Dixy was approved by Russia's competition regulator on Thursday with the provision that 142 convenience stores be left...

Russia's Magnit Sees 30% Uplift In Sales From Discount Arm

Magnit has said that sales in its 'My Price' discounter portfolio have shown a 30% like-for-like sales uplift, with the Russian retailer planning to increa...