St. Petersburg, Russia, 2017-Jun-24 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its 39th supermarket in Moscow.
The new store is a Lenta large format supermarket located in Melody shopping center at 14 Avgustovskaya str., Aprelevka, Moscow region. The store has a total area of 1,434 sq.m with 923 sq.m of selling space and is open from 8.00 am till 11.00 pm, seven days a week. A broad product assortment of 6,900 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.
This opening in Moscow is Lenta’s ninth supermarket opening in 2017 and brings the total number of Lenta stores to 195 hypermarkets in 78 cities across Russia and 57 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region.
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fourth largest retail chain (in terms of sales as of Q1 2017). The Company was founded in 1993 in St. Petersburg. Lenta operates 195 hypermarkets in 78 cities across Russia and 57 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,171,523 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned 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 45,689 people as of 31 December 20161.
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
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