Magnit to add up to 10,000 stores

Date : 08 April 2013

Magnit is planning an aggressive expansion plan, opening almost 10,000 stores within the next five years.

Convenience stores a focus

The retailer is aiming to double the number of convenience stores that it operates to 12,000, and to boost the number of drugstores to 4,000. It also plans to increase the number of hypermarkets to 500 - almost quadruple its current total.

Investment in supply chain

With retailers looking to expand into new regions within Russia, retailers are having to work within the constraints of their supply chains. Magnit will be spending around a third of its investment in developing its supply chain by opening new warehouses and distribution centres and buying more trucks in order to facilitate its growth into new regions.