OJSC 'MAGNIT' (FRA:5M71) Magnit Launches its Own Delivery Service from Magnit Cosmetic Stores in Regions
Transparency directive : regulatory news
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MAGNIT PJSC (MGNT)
MAGNIT LAUNCHES ITS OWN DELIVERY SERVICE FROM MAGNIT COSMETIC stores IN REGIONS
Krasnodar, April 27, 2021: Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announced the launch of its own express delivery service from Magnit Cosmetic stores in regions. Today, this delivery service is available in eight cities, and six more cities will be connected until the end of the month. Stores in Moscow, Saint-Petersburg, Kazan, Rostov-on-Don, Samara, Voronezh, and Chelyabinsk have been connected to the delivery service which was previously tested in Krasnodar. Within the next few days, Ufa, Nizny Novgorod, Perm, Orenburg, Izhevsk, and Tyumen will be also connected to this service. Up to 10 thousand items of the Magnit Cosmetic assortment, including household chemicals, goods for health and beauty, make-up, and perfumes, are available for purchase. Customers can place an order via Magnit Dostavka mobile app, and it will be delivered within 60-90 minutes. When making an order, a customer can choose a store from which it is better to deliver goods. The Project has been launched in partnership with Yandex.Eda service, whose experts became part of the application development team. The delivery is free, the minimum order is RUB 500, and the payment is made online only. Prices and discounts for the Internet service are identical to those in brick-and-mortar Chain stores.
In total, Magnit currently runs seven online delivery projects, both independently and in cooperation with partners. E‑commerce services encompass over 1,300 of the Company's stores in 58 regions and 94 cities. Around 60% of revenue from online projects is generated outside Moscow and St. Petersburg. Magnit delivers up to 9,500 orders a day. The average ticket of the Company's own delivery service is up to RUB 1,400, which is almost 3.8 times higher than in the convenience stores (RUB 372 in 1Q 2021). During 2021, the Company plans to expand online delivery adding at least 1,500 convenience, drogerie and large-format stores in more than 50 regions across Russia.
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| ISIN: | US55953Q2021 |
| Category Code: | MSCU |
| TIDM: | MGNT |
| LEI Code: | 2534009KKPTVL99W2Y12 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 100683 |
| EQS News ID: | 1188492 |
| End of Announcement | EQS News Service |
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