Retail growth powered by food sales
date:Feb 28, 2013
Supermarkets are a growing feature in Russia's retail sector.

Magnit is just one such example. The discount chain focused it attention in Russia's rapidly developing regions and, throughout the years of financial crisis, has consistently grown.

Its regions strategy resulted in a solid 32.6% of revenue growth last year, well ahead of analyst expectations, while profits almost doubled to reach $803m as the company became more efficient.

Despite being the clear leader in its sector, Magnit stil
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