St. Petersburg, Russia; 6 May, 2016– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its seventh supermarket in St. Petersburg.
The new store is located at 111 A, Grazhdanskiy avenue, St. Petersburg. The supermarket has a total area of 938 sq.m with 468 sq.m of selling space and is open from 8 am to 12 pm, seven days a week. This is the Company’s first store of a ‘small supermarket’ format.
A broad product range of 3,500 SKUs has been selected specifically for residents of St. Petersburg and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 4 cash registers. The property is leased by Lenta.
The opening in St. Petersburg is Lenta’s seventh supermarket opening in 2016 and brings the total number of Lenta stores to 143 hypermarkets in 70 cities across Russia and 39 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 143 hypermarkets in 70 cities across Russia and 39 supermarkets in Moscow and St. Petersburg, with a total of approximately 899,525 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 6,000 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates six owned hypermarket 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 38,414 people as of 31 December 20151.
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:
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 and Marina Zakharova
Ňel: +44 207 282 2886
E-mail: lentateam@citigatedr.co.uk
FTI Consulting
Russian Media:
Anton Karpov & Victoria Afonina
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