Retailer Magnit has separated the financial technology segment into a separate business format and formed a management team. It will focus on developing partner financial products, payment services, and tools, including the Magnit Pay service, which was launched earlier this year. Alexey Kalinogorsky, head of the company’s fintech direction, has been appoint...

Retailer Magnit has launched the Magnit Parcels service for delivering items between individuals. Currently, the service operates within a single settlement in more than 900 cities and towns, and the retailer plans to launch intercity delivery in October. New service will allow the company to make better use of its existing infrastructure — stores, couriers,...

Retailer Magnit has opened dark stores for the first time outside Moscow and St. Petersburg. Four food dark stores under the Magnit Migom brand have started operating in Tyumen. Area of the facilities ranges from 300 to 450 sq. m. The assortment exceeds 5,000 SKUs. Delivery from the dark stores covers about 75% of the city’s area. Average delivery time will...

Magnit’s loss under IFRS for 6 months of 2026 amounted to ₽9.55 billion, compared to a profit of ₽0.15 billion in the previous year. Revenue increased by 11.2% to ₽1.89 trillion, compared to ₽1.67 trillion a year earlier.