St. Petersburg, Russia, 2017-Dec-01 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of two new supermarkets in Yekaterinburg.
The first store is located at 200 Moskovskaya street. The store has a total area of 1,494 sq.m with 983 sq.m of selling space. The store has 72 parking spaces and 8 cash registers.
The second supermarket is at 3 Kuznetsova street. The store has a total area of 934 sq.m with 389 sq.m. The store has 21 parking spaces and 4 cash registers.
Stores offer a broad product assortment of 7,800 and 3,600 SKUs which has been selected specifically for residents of Yekaterinburg and includes Lenta’s private labels and federal product ranges alongside local produce. Both stores operate from 8 am to 11 pm, seven days a week.The properties are leased by Lenta.
The new openings are Lenta’s twenty seventh and twenty eights supermarket launches in 2017 and bring the total number of Lenta stores to 217 hypermarkets in 79 cities across Russia and 77 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 77 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,298,457 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