St. Petersburg, Russia, 2017-Nov-22 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its fourth hypermarket in Yaroslavl. The store opens on premise previously operated under the NASH hypermarkets brand, as part of the long-term lease agreement signed in July.
The new store is a Lenta compact format hypermarket located at 108 Moscovsky avenue, Yaroslavl. The store has a total area of 9,188 sq.m with 3,875 sq.m of selling space and is open is open from 8 am to 11 pm, seven days a week. A broad product assortment of 18,000 SKUs has been selected specifically for residents of Yaroslavl and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 490 parking spaces and 23 cash registers including 4 self-checkout lanes. The property is leased by Lenta.
This opening in Yaroslavl is Lenta’s twenty sixth hypermarket opening in 2017 and brings the total number of Lenta stores to 217 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 217 hypermarkets in 79 cities across Russia and 71 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,294,647 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.
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Anton Karpov & Victoria Afonina
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