Lenta announces the opening of its fifth and sixth hypermarkets in Omsk, Russia

St-Petersburg, Russia, 2016-Aug-31 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its fifth and sixth hypermarkets in Omsk.

Each new store is a Lenta compact format hypermarket. The larger new store is located at 33 Lukashevicha str., Omsk and has a total area of 9,386 sq.m, with 5,225 sq.m of selling space. It is open 24 hours a day, seven days a week and has 499 parking spaces and 30 cash registers.

The second new store is located at 190, bld.2 10 Let Oktyabrya str., Omsk and has a total area of 8,899 sq.m, with 5,224 sq.m of selling space. It is open from 8 am to 11 pm, seven days a week and has 337 parking spaces and 30 cash registers.

Each store has a broad product assortment of 19,000 SKUs selected specifically for residents of Omsk and including Lenta’s private labels and federal product ranges alongside local produce. Both properties are owned by Lenta.

These openings in Omsk are Lenta’s tenth and eleventh hypermarket openings in 2016 and bring the total number of Lenta stores to 150 hypermarkets in 72 cities across Russia and 42 supermarkets in Moscow and St. Petersburg.

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 150 hypermarkets in 72 cities across Russia and 42 supermarkets in Moscow and St. Petersburg, with a total of approximately 939,402 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 6,000 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates six owned hypermarket distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 38,414 people as of 31 December 2015[1].

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com, or contact:

Lenta
Anna Meleshina,
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Anastasia Kuznetsova,
Corporate Communications Manager
Тel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com

Citigate
International Media:
David Westover and Marina Zakharova
Тel: +44 207 282 2886
E-mail: lentateam@citigatedr.co.uk

FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

[1]   FTE (full-time equivalent). Average FTE for 2015 was 31,307 employees.

Source: Lenta