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Lenta

June 22, 2020

Lenta opens two new supermarkets in Saint-Petersburg

St. Petersburg, Russia; 22 June 2020 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its two new supermarkets in Saint-Petersburg.

The first store is a Lenta supermarket located in at 6 Mikhaila Dudina street. The store has a total area of 1,605 sq.m with 982 sq.m of selling space. The store has 100 parking spaces and 9 cash registers. The store is opened 24 hours 7 days a week.

The second supermarket is located at 25 Dunaisky avenuĺ. The store has a total area of 1,597 sq.m with 1,079 sq.m of selling space. The store has 80 parking spaces and 9 cash registers. The store is opened from 8.00 am to 11 pm seven days a week.

Both stores offer a broad product range of 9,500 and 10,000 SKUs, which has been selected specifically for residents of Saint-Petersburg and includes Lenta’s private labels and federal product ranges alongside local produce. The properties are leased by Lenta.

The supermarkets are two of twelve stores previously operated by SPAR. Lenta reconstructed premises to meet different clients’ needs and fulfill various customer journeys. The layout design of both stores is made to promote fresh fruits and berries as well as healthy food. New equipment allows making shopping more convenient and ensuring perfect representation of food.

Lenta undertook explicit measures to ensure safe environment for its customers and employees during the pandemic of coronavirus. All Lenta stores are equipped with sanitizing stations and protective screens at checkouts and own production areas to minimize health related risks. The personnel is provided with high quality respirators and gloves and goes through body temperature control procedure daily. All the equipment and premises are cleaned with disinfectants several times a day.

Lenta is committed to expand its supermarket business. In 2019, the Board of Directors approved capex of 1.9bn Roubles to open 29 supermarkets in Moscow during 2020-2021 with total selling space of approximately 24,000sq.m. within the contract with the ADG real estate development group. The company also leased twelve ex-SPAR premises in Saint-Petersburg that are located in proper catchment areas and meet the high standards of Lenta.

The new openings in Saint-Petersburg are Lenta’s first and second supermarket launches in 2020 and bring the total number of Lenta stores to 248 hypermarkets in 88 cities across Russia and 133 supermarkets in Moscow, St. Petersburg, Siberia, the Urals and the Central region.

About Lenta

Lenta is the largest hypermarket chain in Russia and the country’s third largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 248 hypermarkets in 88 cities across Russia and 133 supermarkets in Moscow, St. Petersburg, Siberia, the Urals and the Central region with a total of approximately 1,482,976 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 twelve 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 48,391 people as of 31 December 20191 .

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 Severgroup, which is 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:

Lenta 
Maria Filippova
Head of Public Relations and Government Affairs 
Tel.: +7 812 380-61-31 ext.: 1892
E-mail: maria.filippova@lenta.com

NW Advisors
Victoria Afonina 
Ňel:+7 495 795 06 23 
E-mail: lenta@nwadvisors.com

1 FTE (full-time equivalent). Average FTE for 2017 was 42,366 employees

 

 

 

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