MAGNIT STORE CHAIN WILL LAUNCH NEW “MAGNIT MASTER” STORES

MAGNIT STORE CHAIN WILL LAUNCH NEW “MAGNIT MASTER” STORES

MAGNIT STORE CHAIN WILL LAUNCH NEW “MAGNIT MASTER” STORES
It became known that the popular store chain is planning to open a new line of retail outlets called "Magnit Master". They will sell home and DIY supplies similar to the Leroy Merlin store range.

According to Kommersant, Magnit plans to master a new market segment - Russian Federal Agency for Intellectual Property, Patents and Trademarks has already received an application for registration of the Magnit Master trademark. The details of the new format have not yet been disclosed.

The store's logo will feature a hammer in a combination of yellow and blue.

The representatives of Magnit did not deny experiments with formats.

At the end of 2020, the number of retail outlets was estimated at 21.5 thousand. Net profit over the past year increased by almost 121% (37.8 billion rubles).

Magnit has already tested new formats in 2020 - branded online pharmacies have appeared in Moscow and Moscow region, and courier delivery from Magnit Cosmetic outlets has been launced in Yekaterinburg and Krasnodar. The retailer also launched a project of inexpensive stores "My Price" - the first discounter opened in the Kuban village of Nekrasovskaya. It is assumed that at least 10 stores will be opened.


22.03.2021