Magnit plans to open 1,700 new stores in 2015, including 1,500 discounters: 800 will be located in Moscow and Moscow Oblast and 140 – in Siberia. The retailer also plans to open 100 new hypermarkets in 2015 as compared to 90 hypermarkets opened in 2014. In addition, Magnit will open 500 Magnit Cosmetic stores, testing “all for USD 1” concept. By 2017, Magnit plans to double its number of of distribution centers (DC), reducing the distance from each store to DC from approximately 204 km to 124 km. The total capital investment is estimated at USD 1.6-2.1 billion annualy. As of 30 June 2014, Magnit operated 7,614 discounters, 169 hypermarkets, 57 Magnit Family and 778 Magnit Cosmetic stores.