Half-year sales at Russian retailer Magnit jumped 30%, thanks to the contribution of new stores and signs underlying sales were also up.
The London-listed retailer, Russia’s largest by sales, said today (10 July) its net retail sales were RUR47.48bn for the first six months of 2013, up 30.3%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Magnit opened 532 outlets over the period, taking its store count to 7,416. The retailer provided a number for the growth it saw in its average ticket on its like-for-like basis, which increased 5.7%.
Magnit said its first-half “sales growth dynamics” were “stable”.
Click here for the full release.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
