Magnit, Delivery Club launch delivery from Magnit Cosmetics

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AK&M 08 December 2020 11:18

PJSC Magnit and Delivery Club have launched express deliveries fr om the Magnit Cosmetics retail chain. Delivery Club couriers already deliver goods from Magnit Cosmetics stores in Krasnodar and Yekaterinburg, with prospects to launch this service in Moscow, St. Petersburg and all major cities wh ere Magnit is operating in 2021, the retailer informed.

Magnit Cosmetics is Delivery Club's first specialized partner in cosmetics deliveries. Delivery time is 30-45 minutes.

Delivery Club is the largest food delivery service in Russia launched in 2009. At the first stage it operated as a marketplace combining restaurants with own couriers. The company has been developing its own logistics service since 2016.

Magnit-Cosmetics is one of the Magnit chain's retail formats. For the first 9 months of 2020, its revenue increased by 24% to reach RUB 97.3 billion.

PJSC Magnit (tax number: 2309085638) is the Krasnodar-based holding company for a group of entities engaged in the retail trade through the same-name retail chain. Magnit's 12-month IFRS net profit for 2019 dropped by 49% year-on-year to RUB 17.1 billion. Total revenue increased by 10.6% to RUB 1,368.7 billion; EBITDA amounted to RUB 83.1 billion. The company opened 2,377 stores net (1,195 stores corner stores, 6 supermarkets and 1,176 drogerie stores). The total number of stores in the chain was 20,725 as of December 31, 2019.