Russian retailer Magnit has recorded an increase in sales in the first quarter of 2013.
Consolidated net revenue increased by 30.4% to RUR131.22bn (US$4.25bn), the group reported today (10 April). Magnit recorded like-for-like sales growth of 4.8%.
The retailer opened 191 stores in the three-month period, bringing the total number to 7,075. This comprises: 6,209 convenience stores, 132 hypermarkets, 21 Magnit Family stores and 713 cosmetics stores. Customer traffic was up 21.6%.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.
