MAGNIT PJSC: Magnit's discounters show 30% LFL sales uplift
Retrieved on:
Wednesday, July 7, 2021
Krasnodar, Russia (July 07, 2021): Discounters operated by Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, showed a 30% uplift in like-for-like sales versus convenience stores that previously occupied the premises.
Key Points:
- Krasnodar, Russia (July 07, 2021): Discounters operated by Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, showed a 30% uplift in like-for-like sales versus convenience stores that previously occupied the premises.
- This was announced by Ruslan Ismailov, Magnit's Deputy CEO and Director of Retail Chain Management, during the Company's investor call.
- The increased sales performance is largely due to the uptick in traffic.
- Today, Magnit has 76 My Price discounters.