Wires

Russian retailer Magnit's Sept sales up 36 pct

MOSCOW, Oct 10 (Reuters) - Fast-growing Russian retailerMagnit said on Wednesday that its September sales grewby 36 percent, year-on-year, to 36.1 billion roubles ($1.16billion), after rising by 34 percent in August.

The company opened 145 new outlets last month, bringing itstotal number of stores to 6,119, it said in a statement.

Last month Magnit raised its full-year sales growth guidancefor 2012 to 30-32 percent from 30 percent and said that itexpected growth to slow to 25-27 percent next year.

(Reporting by Jason Bush; Editing by Douglas Busvine)

((jason.bush@thomsonreuters.com)(Tel: + 7 495 775 1242))

Keywords: MAGNIT SALES/