Magnit: latest retail news, insights and analysis | ESM Magazine

'Decent Outlook' For Russian Retail In 2021, Despite COVID Challenges: Sova Capital

The Russian food retail market is in line for a 'decent outlook' in 2021, despite the challenges presented by COVID-19, according to a new report by Sova C...

Russia's Magnit Launches New Delivery Service

Russian retailer Magnit has launched a new online ordering and delivery service, offering around 5,000 SKUs with delivery available within 60 minutes or at...

Magnit Chief Executive Confident After Strong Q3 Growth: Interview

Magnit chief executive Jan Dunning has told ESM that the Russian retailer's performance in the recent third quarter, a period which saw COVID-19 restrictio...

X5 Launches 'Hard Discounter' As Russians Turn To Low-Cost Convenience Stores

Russian market leader X5 launched a new line of discount shops on Thursday while Magnit reported strong sales growth at its convenience stores, with low pr...

Russia's X5 To See Benefit From Increased Food Demand, Online Growth

Russia's X5 Retail Group is expected to see like-for-like sales increase by around 6% in the third quarter, a leading retail analyst has said, on the back...

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...