St. Petersburg, Russia, 2016-Aug-31 — /EPR Retail News/ — One of the largest retail chains in Russia, is pleased to announce the opening of its twenty second hypermarket in St. Petersburg.
The new store is a Lenta compact format hypermarket located at 11 Magnitogorskaya str., St. Petersburg, at the Okhta Mall shopping center. The store has a total area of 9,299 sq.m, with 6,088 sq.m of selling space and is open 24 hours a day, seven days a week. A broad product assortment of 19,000 SKUs has been selected specifically for residents of St. Petersburg and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 1,200 parking spaces and 26 cash registers. The property is leased by Lenta.
The opening in St. Petersburg is Lenta’s ninth hypermarket opening in 2016 and brings the total number of Lenta stores to 148 hypermarkets in 72 cities across Russia and 42 supermarkets in Moscow and St. Petersburg.
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 148 hypermarkets in 72 cities across Russia and 42 supermarkets in Moscow and St. Petersburg, with a total of approximately 928,953 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 20151.
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:
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
Corporate Communications Manager
Tel: +7 (812) 336 39 97
David Westover and Marina Zakharova
Tel: +44 207 282 2886
Anton Karpov & Victoria Afonina
Tel: +7 495 795 06 23
1 FTE (full-time equivalent). Average FTE for 2015 was 31,307 employees.