RUSSIA: Magnit sales increased 8.6% | Progresiv
Magnit has reported sales of 236 billion roubles (4.5 billion dollars) for Q2 2015, an increase of 27.6% year-over-year (y-o-y) from 185 billion roubles (5.3 billion dollars). Like-for-like (LFL) sales increased 8.6%. 
Convenience stores sales increased 24.7% to 175.8 billion roubles (3.3 billion dollars). Hypermarkets reported sales of 40.6 billion roubles (772 million dollars), an increase of 18.1%. Cosmetic (Drogerie stores) sales increased 102.3% to 8.3 billion roubles (157 million dollars).
Magnit Family sales increased 90.7% to 10.7 billion roubles (204 million dollars).
During the period, the retailer opened 608 new stores including 309 convenience stores, 5 hypermarkets, 288 cosmetics stores, and 6 Magnit Family stores.
Selling area increased 23.2% to 3,928,000 square meters.
As of 30 June 2015, Magnit operated 10,728 stores including 8,890 convenience stores, 201 hypermarkets, 1,527 cosmetics stores, and 110 Magnit Family stores. (www.kantarretailiq.com)
