St. Petersburg, Russia; 21 December, 2018– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its two new supermarkets in Novosibirsk and Moscow.
The first store is a Lenta supermarket located in Novosibirsk at 30 Volkhovskaya street. The store has a total area of 1,931 sq.m with 945 sq.m of selling space. A broad product assortment of 9,500 SKUs has been selected specifically for residents of Novosibirsk. The store has 8 cash registers. The property is owned by Lenta.
The second store is a Lenta supermarket located in Krasnogorsk, Moscow region, at 2 Shkolnaya street. The store has a total area of 1,720 sq.m with 935 sq.m of selling space and offers a broad product assortment of 9,200 SKUs. The store has 8 cash registers. The property is leased by Lenta.
Both stores are open from 8 am to 11 pm, seven days a week. Product assortment of both supermarkets includes Lenta’s private labels and federal product ranges alongside local produce.
The new openings in Novosibirsk and Krasnogorsk are Lenta’s thirty-fifth and thirty-sixth supermarket launches in 2018 and bring the total number of Lenta stores to 239 hypermarkets in 88 cities across Russia and 130 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region.
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s third largest retail chain (in terms of 2017 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 239 hypermarkets in 88 cities across Russia and 130 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region with a total of approximately 1,419,459 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,600 sq.m. The average Lenta supermarket store has selling space of approximately 800 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 50,600 people as of 30 June 20181.
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, or contact:
Public Relations and Government Affairs Manager
Tel.: +7 812 380-61-31 ext.: 1892
Anton Karpov & Victoria Afonina
Ňel:+7 495 795 06 23
1FTE (full-time equivalent). Average FTE for 1H2018 was 49,643 employees.