St. Petersburg, Russia; 28 December 2018– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its hypermarket in Pskov.
The new store is Lenta compact hypermarket located at 54 Truda street. The store has a total area of 8,200 sq.m with 4,266 sq.m of selling space and is open from 9 am to 11 pm, 7 days a week. A broad assortment of products of 17,500 SKUs has been selected specifically for residents of Pskov. The store has 300 parking spaces and 20 cash registers including 4 self-checkout lanes. The property is owned by Lenta.
Product assortment of the hypermarket includes Lenta’s private labels and federal product ranges alongside local produce.
The new opening is Lenta’s fourteenth hypermarket launch in 2018 and brings the total number of Lenta stores to 244 hypermarkets in 89 cities across Russia and 135 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 244 hypermarkets in 89 cities across Russia and 135 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region with a total of approximately 1,467,482 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,500 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 2018 1.
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.