Ruslan Ismailov

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.

Magnit Starts Piloting Discounters

Retrieved on: 
Tuesday, July 21, 2020

rasnodar, July 21, 2020: Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, continues to pilot additional store formats to cover the maximum number of the most relevant shopping missions.

Key Points: 
  • rasnodar, July 21, 2020: Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, continues to pilot additional store formats to cover the maximum number of the most relevant shopping missions.
  • As part of the pilot that will last for several months, Magnit plans to closely examine customer feedback with regard to the assortment and service.
  • Here, discounters are a perfect fit in order to satisfy the basic needs for fast-moving consumer goods.
  • I believe, given our competitive strengths, including own production capabilities, Magnit is the best positioned to capture this customer demand, while achieving acceptable returns on investments"- said Ruslan Ismailov, Magnit Deputy CEO and Retail Chain Director.