Russian food retailer Magnit has revealed that it experienced a year-on-year sales boom through the first quarter of the year ended 31 March.
Like-for-like sales grew 4.12 per cent on the same period of 2011, compared with quarterly like-for-like growth of 3.12 per cent in the prior quarter.
Total sales jumped 34.1 per cent in rouble terms through the quarter, the group said, up to RR100.6bn (US$3.39bn), boosted by the launch of over 150 new stores in the country.
Executive chair Richard Walker says he wants to advocate for customers and colleagues and narrow the gap between government and British high streets
The UK discounter will remove and recycle pineapple crown prior to sale
Real-terms market growth expected to continue at lower level throughout 2025-26
Sign up to Fruitnet Grape Congress tours today to avoid disappointment
The group said it was confident Sosef’s “extensive experience and innovative vision” would drive the division to new heights
Eight members elected at the organisation’s recent AGM
No comments yet