Lenta announces the opening of two new hypermarkets in Moscow

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.

About Lenta
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

Contact:

Lenta
E-mail: pr@lenta.com

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media
Leonid Fink & Victor Pomichal
Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com
victor.pomichal@fticonsulting.com

Source: Lenta

Lenta announces the opening of five new hypermarkets in Moscow

Saint-Petersburg, Russia, 2017-Nov-16 — /EPR Retail News/ — Lenta (LSE, MOEX: LNTA), one of the largest retail chains in Russia, announces the launch of five 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 standard and compact hypermarkets were opened on Yaroslavskoye Highway, Orekhovyi Boulevard, Dmitrovskoye Highway, Reutov, and Govorovo following a complete renovation and comprehensive internal refurbishment of the premises. The product mix on offer is tailored to the needs of Moscow residents and features between 20,000 and 28,500 SKUs. As is traditional for Lenta, along with nationally supplied products and private labels, the stores also offer wide assortment of local produce. To ensure customers’ convenience, the stores are complete with parking areas, a larger number of checkouts, and self-checkout points. The hypermarkets are open 24 hours a day, seven days a week.

Lenta’s Chief Executive Officer Jan Dunning said:
“Despite entering the Moscow market later than our competitors, we are rapidly expanding our footprint here. Lenta opened its first store in Moscow in 2013, and ended that year with 10 supermarkets and one hypermarket in full operation. Currently, our presence in Moscow is comprised of 21 hypermarkets and 39 supermarkets. Moving forward, we plan to open four more hypermarkets before the end of the year, almost doubling our market presence in Moscow’s hypermarket segment. By the end of 2017, Lenta will become the second largest player in the Moscow hypermarket space.”

The newly opened stores bring the Lenta chain to 214 hypermarkets in 79 Russian cities, and 70 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg, and the Central Region.

About Lenta
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 214 hypermarkets in 79 cities across Russia and 70 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,281,595 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.

Contact:

Lenta
E-mail: pr@lenta.com

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink & Victor Pomichal

Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com

Source: Lenta

RUSSIA: Lenta opens new hypermarkets in Chelyabinsk and in Rostov-on-Don

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.

About Lenta
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

Contact:
Lenta
E-mail: pr@lenta.com

NW Advisors
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

Source: Lenta

Lenta signs agreements with MCapital and OTZR for long-term leases of hypermarkets operated under the NASH brand

St. Petersburg, Russia, 2017-Jul-31 — /EPR Retail News/ — Lenta Ltd, (LSE, MOEX: LNTA / “Lenta” or the “Company”), one of the largest retail chains in Russia, is pleased to announce signing of agreements with MCapital and OTZR for long-term leases of hypermarkets in Moscow and Russian regions, currently operated under the NASH brand.

Assets
The agreements contemplate a 15-year arrangement for 14 hypermarkets in Moscow and the Russian regions, currently operated under the NASH brand with the total selling space of approximately 78,400 sq.m. This includes seven hypermarkets with total selling space of around 43,600 sq.m located in Moscow and another seven hypermarkets with total selling space of around 34,800 sq.m located in the Moscow region, Nizhniy Novgorod, Chelyabinsk, Perm, Ryazan, Yaroslavl and Rostov-on-Don. The average size of the stores is around 5,600 sq.m of selling space. The stores are compatible in terms of size and layout with existing Lenta standard, compact and supercompact hypermarket formats, and locations are complementary to Lenta’s existing stores.

Lenta’s Chief Executive Officer, Jan Dunning said:
“We are very pleased to have reached agreement with MCapital and OTZR based on a partnership approach, beneficial to both parties, to lease hypermarket locations in Moscow and the regions to Lenta. While Lenta remains primarily focused on its organic expansion, we continue to pursue strategic opportunities in parallel.

The stores all have good urban locations and complement Lenta’s existing network. The hypermarkets have well-trained personnel, so Lenta looks forward to welcoming NASH store employees into its family. As part of the transaction Lenta will also acquire the existing store equipment.

We have a very strong track record of successful integration and are confident this deal will significantly strengthen Lenta’s network in Moscow, where we currently operate 13 hypermarkets, and will complement our offering in each of the other regions. Upon the completion of integration, the stores will operate under the Lenta brand.”

Approvals and integration
The agreements have been approved by the Lenta Board, no further internal approvals are necessary. The transaction does not require any regulatory approvals.

The Company intends to invest in renovation of the sites to match Lenta’s standards and offer customers the high quality shopping experience they expect from Lenta. All the stores will be closed for renovation for a short period, then re-opened under the Lenta brand. The openings under the Lenta brand are planned to be completed within approximately two months.

Lenta will provide more details and revised store opening guidance at a later stage.

About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2016 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 195 hypermarkets in 78 cities across Russia and 59 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,173,416 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 2016.

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.

Forward looking statements:

This announcement includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as “anticipate”, “target”, “expect”, “estimate”, “intend”, “expected”, “plan”, “goal”, “believe”, or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond Lenta’s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.

Any forward-looking statements made by or on behalf of Lenta speak only as at the date of this announcement. Save as required by any applicable laws or regulations, Lenta undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.

For further information please visit www.lentainvestor.com

Contact:

Lenta
Anastasia Kuznetsova,
Corporate Communications Manager
Тel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com

FTI Consulting 
Russian Media:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com

FTI Consulting 
International Media: 
Leonid Fink & Jenny Payne
Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com
Jenny.Payne@fticonsulting.com

Source: Lenta

BRAZIL: Carrefour re-opens six hypermarkets as part of its New Generation concept

BRAZIL: Carrefour re-opens six hypermarkets as part of its New Generation concept
BRAZIL: Carrefour re-opens six hypermarkets as part of its New Generation concept

 

Brazil, 2016-Oct-12 — /EPR Retail News/ — This Thursday (6th October), Carrefour is re-opening six hypermarkets as part of its New Generation concept, in the cities of São Paulo (SP), Ribeirão Preto (SP), Piracicaba (SP), Taubaté (SP), Uberlândia (MG) and Belford Roxo (RJ). The New Generation concept is an innovative approach to architecture, carried out all across its network and based on qualitative research on the behaviour and preferences of Brazilian consumers.

Carrefour continues to roll-out new generation concept started in 2015 and now has 62 stores in the concept “New generation”

The main change is to the Fresh Produce area – consisting of the meat, fish, bakery, fruit & vegetable, cheese and deli sections – which now offers customers a panoramic vista of the products on sale, with specialist staff in each section. In these sections, customers can choose from a wide selection of meat, fish, fruit, vegetables, cheese and deli products, as well as freshly baked bread at all times. At the meat counter, it is also possible to choose from a variety of special cuts. To ensure maximum comfort and practicality, there is also a café serving drinks and a variety of sweet and savoury snacks.
Finally the offer is enriched with 4000 new products.

Staff training is also planned, in order to ensure more personalized and informed levels of service.

For all request about the Carrefour Group (sales, financial results, governance, international,…), please contact the Carrefour Group media relations office:

. By phone:

Switchboard: +33 (0)1 41 04 26 00

For journalists: +33 (0)1 41 04 26 17

. By e-mail: presse_groupe@

Source: Carrefour Group

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The Carrefour Group to acquire 36 compact hypermarkets from Eroski Group

SPAIN, 2016-Mar-03 — /EPR Retail News/ — The Carrefour Group announces it has signed an agreement with the Eroski Group to acquire 36 compact hypermarkets with a total sales area of 235,000 square meters, as well as 8 shopping malls and 22 gas stations adjacent to the stores.

This acquisition would allow Carrefour to grow its store network and gain a presence in 27 new cities while strengthening its position in the food segment. Carrefour is thus continuing its multi-format, omni-channel expansion for the benefit of its clients.

The acquisition of these stores is subject to conditions, including approval by the relevant antitrust authorities.

About Carrefour Spain
Present in Spain since 1973, Carrefour has more than 41,000 employees in the country and operates 173 hypermarkets, 126 supermarkets, 419 Express, 123 gas stations and 656 travel agencies (as of 31/12/2015).

About Carrefour Group
A multi-local, multi-format and omni-channel retailer, Carrefour employs more than 380,000 people globally. With 12,300 stores in 35 countries, the group generated revenues of €104.4 billion under banners in 2015. As a partner for daily life, Carrefour welcomes every day more than 12.5 million customers around the world. Carrefour is committed through its daily actions to sustainable and responsible trade. The Group’s Corporate Social Responsibility approach is built on three pillars: fighting waste in all its forms, protecting biodiversity and working alongside the company’s partners. For more information: www.carrefour.com, @CarrefourGroup on Twitter

Group Communication Tel : +33 (0) 1 41 04 26 17
Investor Relations Tel : +33 (0) 1 41 04 28 83

 

Magnit unaudited 9M 2015 results: Revenue up 27.23% YoY; 1,677 stores added and gross profit increased by 25.66%

Krasnodar, RUSSIA, 2015-10-26 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces its unaudited 9M 2015 results prepared in accordance with IFRS¹ .

During 9M 2015 the Company added (net) 1,677 stores (902 convenience stores, 18 hypermarkets, 30 “Magnit Family” stores and 727 drogerie stores) and increased its selling space by 24.89% in comparison to 9M 2014 from 3,327.00 thousand sq. m. to 4,154.99 thousand sq. m. The total store base as of September 30, 2015 reached 11,388 stores (9,246 convenience stores, 208 hypermarkets, 127 “Magnit Family” stores and 1,807 drogerie stores).

Revenue increased by 27.23% YoY from 542,675.00 million RUR in 9M 2014 to 690,442.57 million RUR in 9M 2015. The top line growth was due to an increase in selling space as well as to an 8.69% increase of like-for-like sales.

Gross profit increased by 25.66% from 155,476.42 million RUR to 195,375.92 million RUR. Gross margin in 9M 2015 amounted to 28.30%.

EBITDA increased by 23.93% from 60,607.56 million RUR in 9M 2014 to 75,112.79 million RUR in 9M 2015. EBITDA margin in the 9M of 2015 was 10.88%, which is 29 b. p. lower than 9M 2014 (11.17%). EBITDA margin in the 3Q of 2015 was 11.24%.

9M 2015 net income increased by 27.62% and amounted to 43,254.05 million RUR vs. 33,892.65 million RUR in 9M 2014. Net income margin for 9M 2015 was 6.26%.

¹Based on management accounts

For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Media Inquiries PR and GR Department
press@magnit.ru

Company description:
Magnit is Russia’s largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit’s local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor’s of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.

Carrefour China opens two new hypermarkets

CHINA, 2015-5-13 — /EPR Retail News/ — On 30 April, Carrefour China opened two new hypermarkets.

The first store to be opened in the north-east of China. With a sales area of more than 7000 m², it has 22 checkouts and a car park with space for 750 cars. This hypermarket is located in a shopping centre of 25 stores.

The second store – “Hefei Mingbang Store” – has a sales area of 7761 m² and 22 check-outs, as well as a car park with space for 780 cars. It is located in a large shopping centre made up of 48 stores.

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Carrefour China opens two new hypermarkets

Carrefour China opens two new hypermarkets