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

Five Top Executives Leave Russian Food Retailer Magnit

Russia's second-largest food retailer Magnit has said that five top managers are leaving the company, but denied a media report that chief financial office...

Russia's Magnit Sees Boost From Redeveloped Convenience, Drogerie Stores In H1

Russia's Magnit said that its sales were boosted by its reformatted convenience segment in the first half of its financial year, while its drogerie format...

CEO Of Russian Food Retailer Magnit Quits In Row Over Strategy

The chief executive of Russia's second-largest food retailer Magnit, Olga Naumova, has decided to leave the company just after a year in the role due to di...

Magnit Sees Like-For-Like Sales Up, However Supermarkets Still Down

Russian retailer Magnit has posted a 0.6% increase in like-for-like sales in the first quarter of its financial year, however, the group's supermarket divi...

Russian Retailer Magnit Makes $1.8bn Rival Bid For Lenta

Russian grocery chain Magnit has made a $1.78 billion(€1.6 billion) bid approach to smaller competitor Lenta, topping a rival offer from Russian steel...

Russia's Magnit Sees Revenue Up 8.2%, Driven By Expansion

Russian retailer Magnit has posted a 8.2% increase in revenue to RUB 1,237 billion (€16.7 billion) in full-year 2018, with the operator increasing its...

Like-For-Like Sales Up At Russia's Magnit For First Time In Two Years

Russia's Magnit has seen a turnaround in its like-for-like sales performance, posting a 0.6% increase in comparable sales in the fourth quarter of its fina...

Russia's Magnit Posts Like-For-Like Sales Decline In Third Quarter

Russian retail giant Magnit has posted a like-for-like sales decline of 2.0% in the third quarter of its financial year, which is an improvement on the 5.2...