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

Please be informed that today the Company has opened its 165th hypermarket and 50th "Magnit Family" store.

The 165th hypermarket (small format) is located at 27A Tereshkovoy street, Dzerzhinsk, Nizhny Novgorod region, Volga federal district. Assortment of the hypermarket consists of about 9,900 SKUs, out of which about 75% are food items. There are 19 cash desks installed in the sales area. The outlet is owned by the Company. From March 27, 2014 till May 25, 2014 the hypermarket is open 7 days a week from 9 am to 10 pm. Starting from May 25, 2014 the working hours will be from 9 am to 11 pm.

The 50th "Magnit Family" store is located at 69, Yuzhnaya street, Pavlovsky Posad, Moscow region, Central federal district. Assortment of the store consists of more than 5,500 SKUs, out of which about 89% are food items. There are 13 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.