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

The firm said today (10 July) total sales increased by 32.5% in the first six months of the year.

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Gains were primarily driven by space expansion, with 413 new stores opened during the period.

However, the group was also able to book same-store sales growth of 3.5% in the period, as Magnit attracted more customers to its existing stores and grew average basket size.

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