date:Aug 19, 2013
sales and could see the retailer falling from third to fourth largest retailer in Europe by 2018.
There is a more 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.
Lead