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Russia's Magnit Nov sales up 35 pct yr/yr
December 10, 2012 / 7:08 AM / 5 years ago

Russia's Magnit Nov sales up 35 pct yr/yr

MOSCOW, Dec 10 (Reuters) - Fast-growing Russian retailer Magnit said on Monday its November sales grew 35.1 percent, year-on-year, to 39 billion roubles ($1.27 billion) after a 36-percent increase in October.

The company opened 196 outlets last month, bringing its total number of stores to 6,477, compared to 5,023 a year ago, it said in a statement.

Magnit is targeting 30-32 percent sales growth in the whole of 2012.

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