Support The Moscow Times!

Magnit Does $1.3Bln in November

Retailer Magnit said Monday that its November sales grew 35.1 percent year on year to 39 billion rubles ($1.27 billion) after a 36 percent increase in October.

The company opened 196 outlets last month, bringing its total number of stores to 6,477. That number was 5,023 a year ago, it said in a statement.

Magnit is targeting sales growth of 30 to 32 percent in 2012.


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.