Southern Russia

Magnit Opens Ten Discounters in March

Retrieved on: 
Monday, April 5, 2021
Magnit, Southern Russia, Retailing, Russian culture, Krasnodar Krai, Discount store

Krasnodar, Russia (April 5, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, opened ten My Price discounters in March.

Key Points: 
  • Krasnodar, Russia (April 5, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, opened ten My Price discounters in March.
  • In early March, the Company opened discounters in Omsk and Yaroslavskaya village (Krasnodar Region).
  • This allows Magnit to control the cost and quality of goods on the shelf.
  • The discounters opened at the premises previously occupied by Magnit Convenience stores show an average 20% increase in LFL sales, mainly driven by growth in LFL traffic.

Publications - Statement by AFET and DROI Chairs following the sentencing of Oyub Titiev - Subcommittee on Human Rights

Retrieved on: 
Wednesday, April 10, 2019
Chechen people, Russian Muslims, Oyub Titiev, Chechnya, Antonio Panzeri, Caucasus, Southern Russia

Condemning Oyub Titiev's sentence to four years in penal colony, the Chairs of the Foreign Affairs Committee, David McAllister, and the Human Rights Subcommittee, Antonio Panzeri, stated:

Key Points: 
  • Condemning Oyub Titiev's sentence to four years in penal colony, the Chairs of the Foreign Affairs Committee, David McAllister, and the Human Rights Subcommittee, Antonio Panzeri, stated:
    "We strongly condemn the conviction of Oyub Titiev, a prominent human rights defender and Director of the Memorial Human Rights Centre in the Chechen Republic.
  • We call on the Russian authorities to immediately ensure his release.
  • The sentencing of Oyub Titiev signals that the authorities are cracking down on those working to protect and promote human rights instead of on those committing human rights violations in Chechnya.