Russia’s Magnit reins in expansion after profit slides
Russia’s second biggest food
retailer Magnit said on Thursday it would open fewer
stores this year and cut back on spending in a bid to improve
efficiency after its net income more than halved in the fourth
quarter.
retailer Magnit said on Thursday it would open fewer
stores this year and cut back on spending in a bid to improve
efficiency after its net income more than halved in the fourth
quarter.
Posted by Reuters
