Magnit Announces Opening of 82nd Hypermarket
OREANDA-NEWS. December 23, 2011. OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the 82nd hypermarket of a medium format.
We are glad to inform you that today the Company has opened its 82nd hypermarket of a medium format located at
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North- Caucasian, Central and
As of September 30, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,705 vehicles.