According to retail analysts at Kantar Retail, there is a positive outlook for Magnit and X5 Group from Russia – both retailers are expected to deliver good performances with new store openings planned over the next five years and a focus on multi-channel formats. Magnit is expected to enter the top 20 at number 12 – a big leap from its position at number 25 in the ranking – and sales are estimated to more than double by 2018 to €34.9bn.
Source: www.freshplaza.com