She exceeded 1 trillion rubles, but comparable sales declined
Revenue of the largest grocery network in Russia “the Magnet” according to the results of 2016 grew by 12.8% and for the first time topped the level of 1 trillion rubles.
Revenue “Magnet” made up 1.07 trillion rubles, but its comparable sales fell by 0.26%, reports anrt.info with reference to the report of the company.
For the year “the Magnet” has increased the number of stores by 16%, to 14 thousand points, including 10.5 thousand mostly format “shop at home”, while the total sales area increased by about 15%, to 5 million sq. m.
The number of buyers in the shops of “Magnet” grew by 13%, and “convenience stores” — by 12%.
The revenue of X5 Retail Group, the main competitor of “Magnet” in 2016 with high probability also crossed the level of 1 trillion rubles. However, annual sales of Magnet will enable it to maintain leadership in the volume of sales, assumed previously, the analysts of “VTB Capital”.