St. Petersburg, Russia, 2017-Nov-11 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its sixth hypermarket in Chelyabinsk and its fourth hypermarket in Rostov-on-Don. Both stores open on premises previously operated by NASH hypermarkets, as the result of long-term lease agreement with MCapital and OTZR signed in July.
The new stores are Lenta compact format hypermarkets. The first store is located at 136 Artilleriyskaya street, shopping center ‘’Gorki’, Chelyabinsk. The store has a total area of 10,900 sq.m with 6,108 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. The store has 1,460 parking spaces and 26 cash registers including 4 self-checkout lanes.
The store in Rostov -on-Don is located at 17 Nagibina street, shopping center “RIO”. The store has a total area of 7,426 sq.m with 5,655 sq.m of selling space and is open around-the-clock, seven days a week. The store has 200 parking spaces and 29 cash registers including 4 self-checkout lanes.
Both stores offer a broad product assortment of 20,500 SKUs which has been selected specifically for residents of these two cities and includes Lenta’s private labels and federal product ranges alongside local produce. Properties in Chelyabinsk and Rostov-on-Don are leased by Lenta
These openings in Chelyabinsk and Rostov-on-Don are Lenta’s twelfth and thirteenth hypermarket openings in 2017 and bring the total number of Lenta stores to 204 hypermarkets in 79 cities across Russia and 69 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 204 hypermarkets in 79 cities across Russia and 69 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,223,933 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 40,400 people as of 30 June 20171.
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
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23