St. Petersburg, Russia, 2017-Nov-21 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of two new hypermarkets in Moscow. The stores open on premises previously operated under the NASH hypermarkets brand, as part of the long-term lease agreement signed in July.
The new stores are Lenta compact format hypermarkets. The first store is located at 10/2 Bibirevskaya street. The store has a total area of 8,053 sq.m with 3,189 sq.m of selling space and is open 24 hours a day, seven days a week. The store has 230 parking spaces and 20 cash registers including 4 self-checkout lanes. The property is leased by Lenta.
The second store is located at 1 Cheremushkinskaya street. The store has a total area of 11,320 sq.m with 5,063 sq.m of selling space and is open around-the-clock, seven days a week. The store has 24 cash registers including 4 self-checkout lanes. The property is leased by Lenta.
New stores offer a broad product assortment of 12,500 and 21,500 SKUs which has been selected specifically for residents of Moscow and includes Lenta’s private labels and federal product ranges alongside local produce.
New stores bring the Lenta chain in Moscow to 23 hypermarkets and 40 supermarkets.
The new openings are Lenta’s twenty fourth and twenty fifth hypermarket launches in 2017 and bring the total number of Lenta stores to 216 hypermarkets in 79 cities across Russia and 71 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 216 hypermarkets in 79 cities across Russia and 71 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,290,772 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
Leonid Fink & Victor Pomichal
Тel: +44 7497 783 705