Magnit Announces Opening of New Hypermarket and Magnit Family Stores
OREANDA-NEWS. PJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and "Magnit Family" stores.
Please be informed that today the Company has opened its 179th hypermarket and 71st and 72nd "Magnit Family" stores.
The 179th hypermarket (medium format) is located at Dovatortsev street, Stavropol, North-Caucasian federal region. Assortment of the hypermarket consists of more than 17,400 SKUs, out of which about 58% are food items. There are 23 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.
The 71st "Magnit Family" store is located at 175, Gafuri street, Beloretsk, Republic of Bashkortostan, Volga federal region. Assortment of the store consists of about 6,000 SKUs, out of which about 89% are food items. There are 11 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.
The 72nd "Magnit Family" store is located at 26, Mira street ("Orange" shopping center), Arzamas, Nizhny Novgorod Oblast, Volga federal region. Assortment of the store consists of more than 8,500 SKUs, out of which about 86% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.
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