The Seventh Continent violated rules

Retail

Weekly report 01.11-10.11 2012

Barack Obama won the U.S. presidential election

Democratic candidate Barack Obama won the presidential election, according to preliminary results. The current U.S. leader received 303 votes, Republican Mitt Romney supported only 203.

Consumer prices in Russia increased by 5.6% in the year

Central Bank expects inflation may slightly exceed 6% by the end of 2012

quot;The Seventh Continent" violated rules

All tested stores of "The Seventh Continent" provoked criticism Rospotrebnadzor.

Rospotrebnadzor Moscow after conducted audits revealed violations of sanitary regulations in 123 stores of the chain's "The Seventh Continent".

MAGNET "increase revenue in October at 36%

"Magnet" for the month increased its sales by 36.2% - up to 38.380 billion rubles.

At the end of October "Magnit" has increased its revenues by 36.2%

up to 38.380 billion rubles from 28.171 billion rubles in the same period last year..

Citi raised its target price GDR «Magnet" from $ 43 to $ 47, the recommendation to "buy" has not changed.

HSBC raised its target price GDR «Magnet" with $ 43.8 to $ 44, the recommendation to "buy" has not changed.

"VTB Capital " has raised the target price GDR «Magnet" from $ 36 to $ 41, the recommendation to "hold " has not changed.

MEDIA MARKT run the store with RFID

Network Media Markt electronics launch in Russia, the first "smart" stores equipped with radio frequency identification tags (RFID).

RFID allows a distance to get information on the movement of goods and cargo.

X5 and "Rusnano" agreed to create "smart" store back in 2010. In the X5 said that the massive use of RFID chips will reduce operating costs by half, and the retail prices - by 25 %.

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