Krasnodar, September 18, 2019: PJSC “Magnit” (MOEX and LSE: MGNT; hereinafter — the “Company” or the “Group”), one of Russia’s leading retailers, announces the launch of its 21st Cash&Carry outlet. The store utilizes a new pricing model and boasts new services for the customers. The new Magnit Cash&Carry opened its doors in L City mall in Lipetsk, becoming Magnit’s 21st shopping center under this format. The fundamental difference between this Cash&Carry and the ones that came before it lies in the updated pricing system. For this store, the company has set the prices at the lowest level among other Magnit stores, as well as most competitors present at the location. Furthermore, the store provides volume discounts, so shoppers can save an additional 5% to 25% if they buy three or more units of the same item.

For professional customers, the revamped Cash&Carry offers an extended range of products that are not available for purchase from the shelf, in addition to a new service — wholesale manager assistance. The manager can help in ordering the necessary amount of goods, including products from the extended range, and provide full support for the wholesale purchase. Professional customers may use advance payments and wire transfers, and receive all necessary documents (consignment notes, VAT invoices, declarations, etc.).

The new Magnit Cash&Carry has a sales floor of 1000 sq. m and offers around 3000 most sought-after items across all product categories. The store is designed with the needs of the wholesale customer in mind, with wide aisles to allow for heavy-duty carts and pallet jacks, and a possibility to load goods using a ramp.

“We continue to develop the Cash&Carry format. Our motto is ‘buy more — pay less.’ In the revamped store, Magnit has implemented a new pricing model that allows customers to save even on small purchases, and to save more when buying wholesale. We’ve pushed ourselves to provide a more convenient service to our professional customers and introduced the position of the wholesale manager, who will support them in picking and ordering the assortment they need, preparing the documents, making payments, and dispatching the goods. We plan to carefully analyze the feedback on the new concept and will consider rolling it out across all existing Magnit Cash&Carry stores”, — noted Ruslan Ismailov, Magnit’s Director of Retail Chain.

Magnit opens a revamped Cash&Carry store in Lipetsk