St. Petersburg, Russia, 2016-Nov-09 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its 34th supermarket in Moscow region.
The new store is a Lenta large supermarket format located at 3G Prishvina str., Moscow. The store has a total area of 1,500 sq.m with 963 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. A broad product assortment of 6,500 SKUs has been selected specifically for residents of Moscow and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 8 cash registers. The property is leased by Lenta.
The opening in Moscow is Lenta’s eleventh supermarket opening in 2016 and brings the total number of Lenta stores to 160 hypermarkets in 74 cities across Russia and 43 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 160 hypermarkets in 74 cities across Russia and 43 supermarkets in Moscow and St. Petersburg, with a total of approximately 990,442 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,900 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 34,134 people as of 30 June 2016 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:
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
Corporate Communications Manager
Тel:+7 (812) 336 39 97
Тel: +44 207 282 2886
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
1 FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees