RUSSIA: Retailer Magnit reports mixed results
By: Dean Best | 28 October 2011
Store opening costs have hit the bottom line at Russian retailer Magnit in the first nine months of the year, although it saw its EBIT rise.
just-food articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.

Store opening costs have hit the bottom line at Russian retailer Magnit in the first nine months of the year, although it saw its EBIT rise.

- Unlimited access to all the latest global food news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-food market research
- Plus much more
If you’re already a member, login here
More articles related to this one
RUSSIA: Magnit Q1 profits soar on expansion
Russian retailer Magnit saw its profit more than double in the first quarter, boosted by rapid expansion and stores openings.
RUSSIA: Hypermarkets boost Magnit Q1 sales
Russian retailer Magnit has reported a 4% increase in like-for-like sales for the first three months of 2012 thanks to robust growth from its hypermarket network.
RUSSIA: Magnit "confident" on FY profits growth
Russian retailer Magnit said it is "gaining confidence in the market" after booking an increase in full-year profits.
Market research related to this article
OJSC Magnit: SWOT Analysis & Company Profile
WMI’s OJSC Magnit contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company....
OJSC Magnit: Company Profile and SWOT Analysis
ICD Research's "OJSC Magnit: Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, financial ratios, competitor benchmarking data...
Grocery Retailers in Russia
Budget outlets, mainly hypermarkets and supermarkets, improved their sales in 2010. Hypermarkets was boosted over the review period by more operators entering the category, which led to a higher number of outlets in this format. Many retail companies...













