25 Oct 2021 09:30
MAGNIT PJSC (MGNT) Magnit opens pharmacy dark store 25-Oct-2021 / 11:30 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
MAGNIT OPENS PHARMACY DARK STORE
Krasnodar, Russia (October 25, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, launched its first dark store to provide its e-pharma capabilities. The pilot store was opened in Krasnodar. The dark store complies with the country's licensing requirements and operates as a click-and-collect pharmacy. The store with a total area of 250 square meters houses an online order picking zone, a selling floor for offline sales, as well as administrative premises. Customers ordering products from the dark store have access to a wider assortment compared to Magnit's brick-and-mortar pharmacies: around 8,000 prescription and over-the-counter medications, dietary supplements, medical devices, health goods and other things. The dark store will deliver online orders to around 30 Magnit Pharmacies that will be connected until the end of the week. Customers can shop for products they need via the Magnit Pharmacy website at any time and then collect the purchased goods from the most convenient pick-up point or directly from the dark store. There is no minimum order amount. Orders made before 10 p. m. can be picked up the next day. Products ordered after 10 p. m. will be available for pick-up a day later.
Previously, Magnit launched a service to allow customers to reserve medicines in the regions. To date, the service is available in Moscow, St. Petersburg, Leningrad, Murmansk, Novgorod, Pskov, and Tver regions, as well as in the Republic of Karelia. Until the end of the year, the project will be rolled out to the entire Magnit Pharmacy geography. Thus, the customers will be able to reserve orders at almost 900 of the Company's pharmacies across the country, including more than 100 outlets in Moscow and the Moscow region. In addition, Magnit started a partnership with Uteka, a pharmacy products marketplace, to bolster the number of customer contacts, increase awareness of the brand in this market segment, and obtain more information about consumer behavior. For the rest of the year, Magnit plans to test other partner platforms as well as further expand its own service offering.
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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.: | 125075 |
| EQS News ID: | 1243105 |
| End of Announcement | EQS News Service |
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