Magnit

Rebuilding A Retail Giant – ESM Meets Magnit Chief Executive Jan Dunning

With more than 20,000 stores, Russia's Magnit is an undisputed retail behemoth. But the bigger you are, the more potential there is for cracks to start to...

Magnit Unveils Pilot Click-And-Collect E-Pharmacy Scheme

Russian retailer Magnit has launched a 'e-pharmacy' pilot scheme, enabling shoppers in the Moscow region to click and collect drugstore products from more...

Refurbished Stores Driving Like-For-Like Sales At Russia's Magnit, Says Analyst

Refurbished stores at Russian retailer Magnit are showing an 8% to 10% increase in like-for-like sales, driven by higher average basket sales, a leading re...

Magnit Sees Like-For-Like Sales Boost In Second Quarter

Russian retailer Magnit has posted a 7.2% increase in like-for-like sales in the second quarter of its financial year, boosted by a 24.7% increase in avera...

Russia's Magnit Announces Sustainability Commitments

Russian retailer Magnit has announced a comprehensive sustainability strategy, in which it pledges a 30% reduction in greenhouse gases and a 50% reduction...

Coronavirus Lockdown Drives Jump In Vodka And Whiskey Sales In Russia

Russian retailers have seen a sharp spike in alcohol sales in recent weeks, with consumers rushing to buy vodka, whiskey and beer at a time when Moscow and...

Russia's Magnit Sees Marginal Increase In Like-For-Like Sales In Full Year 2019

Russian retailer Magnit has posted a 0.4% increase in like-for-like sales in full-year 2019, with net retail sales for the period coming in at RUB 1,333 bi...

Russia's Magnit Reins In Expansion After Profit Slides

Russia's second biggest food retailer Magnit plans to open fewer stores this year and cut back on spending in a bid to improve efficiency after its net inc...