RUSSIA: Magnit opens new distribution centre

By Katy Askew | 3 December 2013

Magnit expands back-end capabilities

Magnit expands back-end capabilities

Magnit, Russia's largest retailer by sales, has said that it will open a new distribution centre in Yaroslavl.

Located to the north-east of Moscow, Yaroslavl is a transportation hub connected to the rest of Russia via national and regional roads, railways and waterways.

Magnit's new distribution facility is about 58,904 square metres in size. The company said that the new facility would "improve the quality of service in central region".

Magnit has focused on expanding its sales in Russia through a programme of aggressive store openings. In the first nine months of this year, to the end of September, Magnit increased its selling space by over 25%, opening 762 stores throughout Russia. As a result of this strategy, the company expects full-year sales to climb by 28-29%.

The group operates 20 distribution centres with a total capacity of around 542,031 square metres.

Show the press release

OJSC "Magnit" Announces the Opening of a Distribution Center in Yaroslavl
Krasnodar, December 3, 2013:

OJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT) announces the opening of a new distribution center in Yaroslavl.

Please be informed that the Company opened a new distribution center (DC) in Yaroslavl. Total space of the DC is about 58,904 sq. m. Launch of the new distribution facility will improve the quality of service in Central region.

"Magnit" operates 20 distribution centers with their total capacity of about 542,031 sq. m.

Original source: Magnit

Sectors: Emerging markets, Retail

Companies: Magnit

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