According to experts’ opinion, their index will be restored due to the expansion of sales areas and increase of net sales. In Q1 2011 Magnit opened 134 stores, among which 126 convenience stores, 6 hypermarkets and 2 drugstores. The company’s sales area grew by 36%, from 1,092.6 sq.m in Q1 2010 to 1,485.72 sq.m in Q1 2011. The total number of the chain’s stores is 4,189. Today the retailer’s shares top the favorites list. In the middle of trading the company’s quotations grow by 4.577% up to RUB 3,879.8, whereas the MICEX index added 0.744% to 1,690.62 points.
Source: www.retailer.ru