Magnit’s transformation strategy

Amin Alkhatib
Senior Retail Analyst
@RetailAnalysis

Competition in Russia's grocery market is intensifying, and it is reporting little like-for-like (LFL) growth as shopper’s real wages are stagnant, and they continue to demand better products and service. In this report we show how Magnit is having to balance the two challenges as part of its transformation strategy for 2023.