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Lenta

February 12, 2016

Lenta opens its third hypermarket in Ufa

With this opening, Lenta expands its network in the Volga Region to 27 hypermarkets in 18 cities

St-Petersburg, Russia; 12 February, 2016– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its third hypermarket in Ufa.
The new store is a Lenta supercompact format hypermarket located in ‘Leto’ shopping mall at 156 Parkhomenko str., Ufa. The store has a total area of 5,423 sq.m, with 2,531 sq.m of selling space and is open from 8.00 am to 11.00 pm, seven days a week. A broad product assortment of 12,000 SKUs has been selected specifically for residents of Ufa and includes Lenta’s private label and federal product ranges alongside local produce. The store is equipped with 17 cash registers. The shopping mall has 990 parking spaces. The property is leased by Lenta.
The opening in Ufa is Lenta’s second hypermarket opening in 2016 and brings the total number of Lenta stores to 142 hypermarkets in 70 cities across Russia and 32 supermarkets in Moscow and St. Petersburg.
About Lenta
Lenta is the fifth largest retail chain in Russia and the country’s second largest hypermarket chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 142 hypermarkets in 70  cities across Russia and 32 supermarkets in Moscow and St. Petersburg, with a total of approximately 891,995 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 6,100 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 2015 .
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 seenhere.
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 & Marina Zakharova
Ňel: +44 207 638 9571
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] According to Lenta’s methodology for calculating number of cities of presence, since 1 May 2015 all cities located in Moscow City and the Moscow region are shown as Moscow, and all cities located in the Leningrad region and St. Petersburg are shown as St. Petersburg.
[2] FTE (full-time equivalent). Average FTE for 1H2015 was 29,776 employees.

 

 

 

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