With this opening, Lenta expands its network in the South region to 22 hypermarkets in 13 cities
St. Petersburg, Russia; 30 November, 2016 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its third hypermarket in Rostov-on-Don.
The new store is a Lenta compact format hypermarket located at 84 14th Line str., Rostov-on-Don. The store has a total area of 9,500 sq.m with 5,030 sq.m of selling space and is open 24 hours a day, seven days a week. A broad product assortment of 19,000 SKUs has been selected specifically for residents of Rostov-on-Don and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 310 parking spaces and 30 cash registers. The property is owned by Lenta.
The opening in Rostov-on-Don is Lenta’s twenty ninth hypermarket opening in 2016 and brings the total number of Lenta stores to 168 hypermarkets in 75 cities across Russia and 43 supermarkets in Moscow and St. Petersburg.
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 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 168 hypermarkets in 75 cities across Russia and 43 supermarkets in Moscow and St. Petersburg, with a total of approximately 1,039,113 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,900 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 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 34,134 people as of 30 June 20161.
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.
Forfurther information please visit www.lentainvestor.com, or contact:
Lenta
Anna Meleshina,
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com
Anastasia Kuznetsova,
Corporate Communications Manager
Ňel:+7 (812) 336 39 97
E-mail: a.kuznetsova@lenta.com
Citigate
International Media:
David Westover
Ňel: +44 207 282 2886
E-mail: lentateam@citigatedr.co.uk
FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
Ňel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com
1 FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees
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