Revenue largest retailer "Magnit" in 2016 rose by 12.8 percent to 1,069 trillion, said in a statement.Thus, the annual growth of the revenue of "Magnet" was the lowest in the past 11 years. At the same time, the revenue of the retailer for the first time exceeded one trillion rubles. For comparison, in 2015, the company's revenue growth amounted to 24.3%. Revenue and average check in comparable stores decreased year-on-year by less than 1%.

The increase in the revenue of "Magnet" in the fourth quarter slowed compared to the previous (9%) and amounted to 282 billion rubles throughout the year, Magnit has opened 1970 the stores – almost 20% less than for 2015.

The main competitor of the retailer X5 Retail Group (running the networks "Pyaterochka", "Perekrestok", "Karusel"), too, can achieve revenue of more than 1 trillion rubles, if the forecast of his leadership in sales growth in 2016 will be correct. In 2015, revenues amounted to X5 808,8 billion rubles, while growth in 2016 may reach 27-28%, said in December 2016, the company's CEO Igor Shekhterman.

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