Net retail sales for the largest grocery retailer Russia PJSC “Magnit”, in July 2016 was $ 92,916 billion rubles by 13.77% over July of 2015, says the company.
During the first seven months of 2016 revenue of PJSC “Magnit” increased by 14.38% from 535,368 billion rubles to 612,375 billion.
The largest revenue growth was demonstrated by the drogerie shops selling cosmetics, perfumes, and other non-food consumer goods (+74,8%). At the same time, sales of hypermarkets “Magnit” for January-July 2016 fell at an annual rate of 0.72%.
One of the reasons for the growth of the total revenue of “Magnet” was the increase in shops in July is 133, while the network drogerie has expanded from 74 per store. By the end of July 2016 PJSC “Magnit” belonged to 13 thousand 21 stores compared with 10 thousand 939 stores a year earlier.