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Russia's Magnit opens test wholesale hypermarkets

PJSC Magnit said Aug. 3 that it has opened test wholesale hypermarkets in three Russian cities, namely Krasnodar, Ulyanovsk and Saratov.

The stores were launched so it can study the wholesale hypermarket format, Magnit said in a release, but will also serve retail customers.

The Russian retailer operates a chain of 14,844 stores and 35 distribution centers.