Russia: Top Russian retailers' results and 2017 outlook

Date : 13 April 2017

Top Russian retailers Magnit, X5, Dixy, and Lenta reported double-digit sales growth in 2016. We look at what’s driving this and provide our outlook for 2017. Magnit store expansion drives sales growth as like-for-like stagnates Magnit opened almost 2,000 net new stores in 2016 to drive…

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