St. Petersburg, Russia, 2017-Dec-22 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its first hypermarket in Cherkessk, Republic of Karachaevo-Cherkessiya.
The new store is Lenta “compact” format hypermarket located in Cherkessk, 387 Lenina street. The store has a total area of 7,950 sq.m with 4,311 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. The store has 345 parking spaces and 18 cash registers including 4 self-checkout lanes. The property is rented by Lenta.
The new store offers a broad product assortment of 17,000 SKUs, which has been selected specifically for residents of Cherkessk and includes Lenta’s private labels and federal product ranges alongside local produce.
The new opening is Lenta’s thirty third hypermarket launch in 2017 and brings the total number of Lenta stores to 224 hypermarkets in 81 cities across Russia and 78 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 224 hypermarkets in 81 cities across Russia and 78 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,338,226 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
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