Russian retailer Magnit saw its underlying sales accelerate in the third quarter of the year.

Magnit reported a 7.1% increase in like-for-like sales for the three months to the end of September. Traffic and the average ticket were both up.

In the first nine months of the year, like-for-like sales grew 4.6%, with the average ticket up but traffic down.

Net retail sales climbed 33% in the nine months to the end of September to RUR319.3bn (US$10.26bn). During the period, Magnit opened 810 stores, taking it to over 6,100 outlets in Russia.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now