Magnit

Wal-Mart's online offensive, Save-A-Lot sold, Lenta and Magnit in spotlight in Russia - retail round-up, October 2016

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: 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.

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: 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.

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.

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.

RUSSIA: Moloko to begin Russia's first organic milk production

9 Nov 2012

Multinational dairy company Moloko Holdings is to start production and distribution of Russia's first organic milk in the Ulyanovsk province.

Quote, unquote: just-food's week in words

30 Jul 2012

Major food multinationals last week reported their first-half results. Unilever saw food volumes fall, PepsiCo insisted it had "momentum" in Europe, Hershey believed US candy had reached a new growth phase and Danone faced criticism from analysts. Elsewhere, the UK milk farmers' protests appeared to pay off, with processors shelving plans for price cuts.

UPDATE: RUSSIA: Retailer Dixy focuses growth on c-stores

25 Jul 2012

Russian retailer Dixy is focusing its growth strategy on expanding its convenience store network in the country.

RUSSIA: Magnit H1 profits double

24 Jul 2012

Russian grocery retailer Magnit has booked a 142% jump in first-half profits, driven partly by higher sales.

What the analysts say: The surprise exit of X5 CEO Gusev

17 Jul 2012

Last week's shock announcement that X5 Retail Group CEO Andrey Gusev resigned caused the Russian retailer's share price to tumble. X5 also booked a mixed set of second-quarter results that showed the retailer was only able to slow - but not reverse - declining like-for-like and customer traffic trends. Analysts in Moscow are split over its performance in the market and the outlook for the country's largest retailer, but there is agreement the departure of Gusev will come as a blow.

RUSSIA: Magnit sees sales rise

10 Jul 2012

Store openings have driven first-half revenue growth at Russian retailer Magnit.

RUSSIA: Magnit opens distribution centre

28 May 2012

Russian retailer Magnit has opened a new distribution centre to serve the Volga region.

RUSSIA: Magnit launches Magnit Family retail banner

15 May 2012

Russian retailer Magnit has launched a store format under the banner Magnit Family.

RUSSIA: Hypermarkets boost Magnit Q1 sales

10 Apr 2012

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: Retailer Magnit sees Q4 sales slow

12 Jan 2012

Russian retailer Magnit has posted an 11% rise in underlying annual revenues, although its sales slowed in the fourth quarter of the year.

RUSSIA: Retailer Magnit reports mixed results

28 Oct 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.

RUSSIA: Magnit H1 profits up after Q2 recovery

24 Aug 2011

Russian grocery retailer Magnit has seen its profits increase in the first half of 2011 after a recovery in the second quarter.

RUSSIA: Former Tesco executive Martins to join X5

5 Aug 2011

Former Tesco and Casino executive Paul Martins is set to X5 Retail Group, Russia's largest retailer, as commercial director.

RUSSIA: Magnit director Ermolenko joins X5

2 Aug 2011

X5 Retail Group, Russia's largest retailer, has appointed Alexander Ermolenko from rival Magnit to oversee its supply chain.a

RUSSIA: Magnit H1 sales up 51%

11 Jul 2011

Russian grocery retailer Magnit today (11 July) reported a leap in first-half sales, driven by store openings.

RUSSIA: Magnit profit hit by higher costs

11 May 2011

Russian grocery retailer Magnit said today (11 May) that net income fell during the first quarter as margins were hit by higher fuel costs and consumer taxes.

RUSSIA: Magnit Q1 sales up

11 Apr 2011

Russian grocer Magnit saw sales rise during its first quarter, with its hypermarket format reporting the strongest gains.

RUSSIA: Magnit coy on talk of share offering

4 Apr 2011

Russian grocery retailer Magnit has remained coy on speculation that it may hold a share offering in the autumn to raise at least US$500m to finance investment.

RUSSIA: Magnit records FY sales increase

11 Jan 2011

Russian grocery retailer Magnit today (11 January) booked an increase in full-year sales.

RUSSIA: Magnit profits grow

22 Oct 2010

Russian grocery retailer Magnit's profits grew 22.3% in the first nine months of the year on the back of rising sales.

RUSSIA: Magnit revenues boosted by new stores

24 Aug 2010

Magnit has said that its first half revenues have jumped 31.84% year-on-year, as the company benefited from increased selling space, despite a fall in margins.

RUSSIA: Magnit LFL sales growth accelerates

12 Jul 2010

Russian retailer Magnit said today (12 July) that its like-for-like sales growth had accelerated during the second quarter of the year.