Magnit Launches Its Own Delivery Service in Fourteen More Cities
Prices and discounts for online ordering are identical to those in brick-and-mortar Magnit stores.
MAGNIT PJSC (MGNT) Magnit Launches Its Own Delivery Service in Fourteen More Cities Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
Magnit Launches Its Own Delivery Service in Fourteen More Cities
Krasnodar, Russia (April 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announced the launch of its own express delivery service in 14 cities. Convenience stores in the cities of Ufa, Kazan, Rostov-on-Don, Samara, Yekaterinburg, Nizhny Novgorod, Voronezh, Perm, Orenburg, Saratov, Izhevsk, Yaroslavl, Tyumen, and Chelyabinsk have been connected to the service.
Customers can select the goods, place an order, and pay for it via Magnit Dostavka mobile app, available for iOS or Android. Over 5,000 products, including dry foods, fruits and vegetables, fresh and perishable goods, as well as the most popular household, care, and pet products along with many other items are available for order via the app. Prices and discounts for online ordering are identical to those in brick-and-mortar Magnit stores. The delivery is free, the minimum order is RUB 500. The order is delivered within 60 minutes.
Magnit is developing this project in partnership with Yandex.Eda service, whose experts became part of the application development team. In the future, the Company plans to gradually transfer technological and operational solutions into its own perimeter while simultaneously developing various ways of cooperation with its partner.
In total, Magnit currently runs seven online delivery projects, both independently and in cooperation with partners. E‑commerce services encompass over 1,300 of the Company's stores in 58 regions and 94 cities. Around 60% of revenue from online projects is generated outside Moscow and St. Petersburg. Magnit delivers up to 9,500 orders a day. The average ticket of the Company's own delivery service is up to RUB 1,400, which is almost 3.8 times higher than in the convenience stores (RUB 372 in 1Q 2021). During 2021, the Company plans to expand online delivery adding at least 1,500 convenience, drogerie and large-format stores in more than 50 regions across Russia.
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ISIN: | US55953Q2021 |
Category Code: | MSCU |
TIDM: | MGNT |
LEI Code: | 2534009KKPTVL99W2Y12 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 99149 |
EQS News ID: | 1184960 |
End of Announcement | EQS News Service |
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