This was stated by the General Director and the basic owner "the Magnet" Sergey Galitsky.

"I guess in 2017 we will open a few more stores than in 2016, but this is unlikely to be much more", — said Galitsky in a conference call with analysts.

He pointed out that the network gives importance to the number of stores and their effectiveness. This year the number of open stores may be smaller, since the company is simultaneously working on closing underperforming stores, said the head of "Magnet".

This year Magnit plans to open about 1 thousand grocery stores, 1.2 thousand cosmetics stores and 80 hypermarkets. Since the beginning of the year to 30 September, the network has already opened 544 "shop at home", 9 hypermarkets, 24 "Magnit Family" and 698 of cosmetics stores.

The total number of stores of the retailer at the end of September amounted to 13 thousand 364: 10 138 thousand "convenience stores", 228 hypermarkets, 179 stores "Magnit Family" and 2 thousand 819 cosmetics stores.

About the company:

"Magnet" has almost 13 thousand 2.4 thousand settlements of the country, the share network in the food retail market is more than 7%, follows from data of the company for the first six months of 2016. The company is the industry leader in revenue for the first half of 2016, the network turnover amounted to 522 billion.

magnit-info.ru