Tag "Magnit"
Russian retail looks for growth options
Russian retailers are looking for new ways to increase their market share. Top retailers in the east of Europe are struggling with the same issues as their Western European counterparts:...
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Vkusvill challenges Russian market leaders X5 and Magnit
Russian health food retailer Vkusvill is on its way to becoming a formidable force in Russian food retailing. Although market leaders X5 and Magnit dwarf the former niche player when...
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Russia’s Magnit To Buy Back Around 21.5% Of Shares From Western Investors
Russian retailer Magnit said it plans to buy back approximately 21.5% of its shares, finalising the results of a tender offer that could enable some Western investors to sell off...
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Russia’s Magnit Races To Open Discount Stores As Living Standards Slump
Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options amid a recession that is further...
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Russia’s Magnit reaches milestone in online orders
Russian retailer Magnit has hit a milestone of 50,000 online orders a day, as it continues to expand its e-commerce services. The retailer has strengthened its online capabilities in recent...
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Magnit to Open 2000 New Stores
Magnit, the number two in Russian grocery retail, plans to open 2,000 new stores this year. In 2020 the company opened 839 objects, but not under the leading convenience store...
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X5 vs. Magnit: 1:0
Russian fruit and vegetable retailer Magnit keeps losing ground against rival company X5 Retail Group. The price of the company’s shares has reached an all-time low and CEO Olga Naumova...
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