OREANDA-NEWS. OJSC “Magnit”, Russia's largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of new hypermarkets and “Magnit Family” stores.

Please be informed that on December 22, 2013 the Company has opened its 158th hypermarket.

The 158th hypermarket (medium format) is located at 7 Mira street (“Marmelad” shopping center), Taganrog, Rostov region, Southern federal district. Assortment of the hypermarket consists of more than 12,100 SKUs, out of which about 68% are food items. There are 19 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 10 am to 10 pm.

On December 23, 2013 the Company has opened its 42nd, 43rd and 44th “Magnit Family” stores and 159th hypermarket.

The 42nd “Magnit Family” store is located at 37 Kavkazskaya street (“Khimik” cultural center), Cherkessk, Karachay-Cherkess Republic, North-Caucasian federal district. Assortment of the store consists of more than 3,900 SKUs, out of which about 85% are food items. There are 11 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 10 pm.

The 43rd “Magnit Family” store is located at Svobody street, Salsk, Rostov region, Southern federal district. Assortment of the store consists of about 4,900 SKUs, out of which about 76% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 9 am to 10 pm.

The 44th “Magnit Family” store is located at 2 Budennogo street (“Karnaval” shopping center), Krasnodar, Southern federal district. Assortment of the store consists of more than 7,200 SKUs, out of which about 89% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 10 am to 10 pm.

The 159th hypermarket (small format) is located at Lenina street, Slantsy, Leningrad region, North-Western federal district. Assortment of the hypermarket consists of about 8,300 SKUs, out of which about 71% are food items. There are 19 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.