Magnit
Food industry company news
Latest Articles

8 Nov 2016
October saw Wal-Mart underline its ambitions in e-commerce, Supervalu sell under-pressure US hard discounter Save-A-Lot and Russian retailer Lenta add to its operations through M&A.

RUSSIA: Profits up at retailer Magnit
22 Apr 2014
Russian retailer Magnit has reported higher first-quarter earnings.

RUSSIA: Retailer X5 sees LFL sales accelerate
11 Apr 2014
Russian retailer X5 Retail Group has reported a 6% rise in like-for-like sales for the first quarter of 2014, a faster rate of growth than seen in 2013.

RUSSIA: Retailer Magnit books 7% in Q1 LFLs
10 Apr 2014
Russian retailer Magnit saw like-for-like sales rise over 7% in the first quarter of 2014, it said today (10 April).

RUSSIA: Magnit full-year earnings rise on sales, margins
27 Jan 2014
Russian retailer Magnit reported an increase in operating profit for fiscal 2013, boosted by higher sales and stronger margins.

RUSSIA: X5 drives 2014 turnaround despite "ebbing" confidence
23 Jan 2014
Russian retailer X5 Retail Group has said that it will push ahead with plans to improve its performance in 2014 in the face of what it described as "ebbing" consumer confidence in the country.

RUSSIA: Magnit FY sales up but December slowdown hits shares
10 Jan 2014
Magnit, Russia's largest food retailer by revenue, has booked higher sales for 2013, although a slowdown in the fourth quarter caused its shares to fall today.

UPDATE: RUSSIA: Magnit DC to support space expansion
3 Dec 2013
Russian retailer Magnit has said its new distribution centre in Yaroslavl will support the expansion of its store network in the region.

RUSSIA: Magnit opens new distribution centre
3 Dec 2013
Magnit, Russia's largest retailer by sales, has said it will open a new distribution centre in Yaroslavl.
RUSSIA: Auchan outlines expansion plans for 2014
19 Nov 2013
Auchan has outlined plans to open ten to 14 stores in Russia in 2014 across its three different formats.

RUSSIA: Magnit posts "record" profit, lowers sales guidance
28 Oct 2013
Magnit, Russia's largest retailer by sales, said it achieved "record" profitability in the first nine months of the year but lowered its sales target for the full year.
FMCG in Russia: Domestic, international grocers battle it out in Russia
30 Sep 2013
Russia has been described as one of the most dynamically developing retail markets in the world. The advent of the recession, however, resulted in a slowdown in growth that Russia has not yet fully recovered from. While it is debatable whether Russia will fully re-establish the pace of growth it enjoyed before the credit crisis, the market is seen as an attractive one for FMCG companies.

RUSSIA: Retailer Magnit ups 2013 margin forecast
26 Sep 2013
Magnit, Russia's largest retailer by sales, has lifted a margin forecast for this year.

RUSSIA: Retailer X5 tight-lipped over link to rival Seventh Continent
23 Sep 2013
Russian retail giant X5 Retail Group has declined to comment on reports it may acquire Moscow-based competitor Seventh Continent.
RUSSIA: H1 profits up at retailer Magnit
23 Jul 2013
Half-year profits at Russian retailer Magnit jumped almost 40%, pushing its shares higher today (23 July).
RUSSIA: H1 sales up at retailer Magnit
10 Jul 2013
Half-year sales at Russian retailer Magnit jumped 30%, thanks to the contribution of new stores and signs underlying sales were also up.

Comment: Mixed news for Dixy in FY, Q1 updates
26 Apr 2013
Russian retailer Dixy has reported both its full-year financial results today and a sales update for the first quarter of 2013 - and the picture was mixed. Full-year margins came in well below market expectations, and the company's bottom line took a notable hit. However, the company seems to be off to a better start this year.

RUSSIA: Magnit records Q1 profit increase
23 Apr 2013
Russian retail giant Magnit has booked an increase in profits in the first quarter of the year.

The week ahead: ABF H1s; Unilever, Hershey, Premier Q1s
22 Apr 2013
A raft of companies report to the market next week, including UK-based food group Associated British Foods, which is set to unveil its half-year results. Data for the first quarter of 2013 will continue to come in, with Unilever, Hershey and Premier Foods plc among those set to publish numbers.

Quote, unquote: just-food's week in words
22 Apr 2013
The industry's first-quarter results continued to pour in last week and two of France's leading retailers, Carrefour and Casino revealed sales figures that got analysts talking. Carrefour appeared pleased with its domestic performance, while Casino was encouraged by the results of recent pricing initiatives. Elsewhere, Tesco finally confirmed its plans to exit the US and revealed it had received and was pursuing interest in the business.

Editor's choice: the highlights on just-food last week
22 Apr 2013
Major food manufacturers began to report their first-quarter results last week. Nestle came under scrutiny for its performance in emerging markets. A cautious Danone saw signs of improvement from its European dairy operations, while its infant formula business was buoyant. Elsewhere, we shone the spotlight on the recent rationing of formula in Western markets amid high demand in China, looked at Marks and Spencer's latest European venture and analysed Magnit's move to Russian retail's top spot.

BRICs and beyond: Russian retailer Magnit looks to retain top spot
17 Apr 2013
Russian retail colossus Magnit has overtaken X5 Retail Group to become the country's largest by sales. While anticipated, speculation is now likely to turn to whether Magnit can extend its lead, or if X5 has what it takes to up its game and claw back the number one position.

Quote, unquote: just-food's week in words
15 Apr 2013
UK-based R&R Ice Cream last week snapped up local rival Fredericks Dairies, a deal its CEO told us will help it compete better with Unilever. We spoke to M&A analysts about the potential sale of Burton's Biscuit Co. and to the chairman of Canada's Dare Foods about his expansion plans. In Europe, the sector was rocked by fresh horsemeat revelations, including news an Asda product contained the veterinary drug phenylbutazone.

RUSSIA: X5 sales up on store openings, LFLs muted
12 Apr 2013
X5 Retail Group has booked an 8.1% increase in first-quarter net sales, driven by store openings - although like-for-like sales were less buoyant.

RUSSIA: Q1 sales up at retailer Magnit
10 Apr 2013
Russian retailer Magnit has recorded an increase in sales in the first quarter of 2013.

BRICs and beyond: Dixy takes prudent approach to ambitious expansion
18 Mar 2013
Dixy significantly beefed up its presence in Russia's food retail sector when it acquired local peer Victoria Group two years ago. While the company still has its foot on the throttle, with some ambitious plans to expand over the next three years, Dixy's attention has now turned to a lower-capital intensive organic growth phase. Katy Askew spoke to Dixy's head of investor relations Natalya Belyavskaya to find out more.
Editor's choice: the highlights on just-food this week
28 Jan 2013
This week saw the debate around the food industry's role in the obesity epidemic come to the fore once again, as the UK Government warned that the industry must do more or face the possibility of legislation. The inauguration of Barack Obama for his second term in office gave us a timely opportunity to look at what has been achieved under his administration - and what could be in store for US food makers. Meanwhile, news that Christine Tacon has been named UK Groceries Code Adjudicator put supply chain relationships firmly in the spotlight. We were able to delve a little deeper into Tacon's take on the subject when we interviewed her shortly after her appointment.

Quote, unquote: just-food's week in words
25 Jan 2013
just-food managed to secure a number of key interviews with leading industry figures this week, including that of the new Groceries Code Adjudicator, Christine Tacon, who outlined her new role and the challenges she might face. Other interviews included Warburton's free-from director Chris Hook Plum Organics CEO Neil Grimmer who told just-food about the firm's recent acquisition of Plum UK. Elsewhere, Unilever CEO Paul Polman told of his disappointment at the performance of its food division last year and the horsemeat scandal rumbled on.
UPDATE: RUSSIA: Magnit seen overtaking X5 as largest Russian grocer
23 Jan 2013
The release of X5 Retail Group's sales figures has prompted pundits to suggest that Magnit could overtake X5 as Russia's largest retailer this year.
On the money: Magnit profit rises on margin gains
22 Jan 2013
Russian retailer Magnit has seen profits benefit from improved purchasing terms and cost controls as it expanded its store footprint over the past 12 months.
1
Most Popular
Insights
- The UK snack-bar market during Covid-19
- Will Danone 2021 predictions placate critics?
- Can plant-based cheese come of age?
- China becomes Nestle's problem child
- Where is UK snack-bar market headed?
News
- Danone makes change at top amid investor pressure
- Beyond Meat hails fast-food deals but shares fall
- US investment firm Artisan renews Danone attack
- Danone moves to sell stake in Chinese dairy firm
- Maple Leaf takes action on plant-based brands
Market research
- Meal Kits (Prepared Meals) Market in the United Kingdom - Outlook to 2023: Market Size, Growth and Forecast Analytics
- Bangladesh In-depth PEST Insights
- Condiment Sauces (Seasonings, Dressings & Sauces) Market in Germany - Outlook to 2023: Market Size, Growth and Forecast Analytics
- RCL Foods Ltd (RCL) - Financial and Strategic SWOT Analysis Review
- Soups in the United States