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

Published on Sep 9 2020 10:59 AM in Retail tagged: Featured Post / Russia / Magnit / Paywall / Sova Capital

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 retail analyst has said.

Artur Galimov of Sova Capital was commenting following the hosting of a virtual store tour by the retailer and a call with Ruslan Ismailov, the retailer's chief operating officer.

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