Magnit on the Russian retail market
X5 Retail Group and Magnit together account for 74% of total growth in retail space. In 2018, Magnit, despite lower investment activity, increased its share in the overall growth in retail space by 6.1 percentage points to 24.9% and expanded its total retail space by 497.4 th. sq. m. over the periodexcluding “Magnit Cosmetic” and “Magnit Pharmacy”. Growth in the number of stores of Magnit network in 2018 (1,318 new storesexcluding “Magnit Cosmetic” and “Magnit Pharmacy”) slowed down compared to 2017 (1,624 new storesexcluding “Magnit Cosmetic” and “Magnit Pharmacy”). As was the case in 2017, convenience stores generate most of the growth.