The website and application of the marketplace 'Magnit (MOEX
The website and application of the marketplace 'Magnit (MOEX: MGNT) Market' will cease operations starting September 6.
Consensus
- The 'Magnit Market' marketplace will stop its main customer-facing operations on September 6.
- The closure of the public storefront is part of a transformation and integration with Magnit's e-commerce infrastructure.
- The platform will continue to work with sellers, but in a new format.
- Starting August 20, FBS shipments through partner pickup points (PVBs) will be discontinued.
- The change involves moving away from the universal marketplace model and avoiding direct competition with two major market players.
Points of divergence
- The platform will continue to operate for sellers using sorting centers and cross-docks after August 20, but not through partner PVBs. — gazeta_spb
- Partner PVBs will be phased out by August 31. — kommersant
- The updated offer on July 27 included drone attacks in the list of force majeure events. — gazeta_spb
Coverage (2 sources)
- From September, one of the marketplaces will stop working in Russia - SPB Newspaper - Saint Petersburg news — Gazeta.SPb
- «Magnit Market» will abandon the marketplace business model — Коммерсантъ