St. Petersburg, Russia - 31 October 2019 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its second hypermarket in Arkhangelsk.
The new store is Lenta compact hypermarket located at 12 Moscovsky avenue. The store has a total area of 9,656 sq.m with 5,237 sq.m of selling space and is open 24 hours a day, 7 days a week. A broad assortment of products of 24,000 SKUs has been selected specifically for residents of Arkhangelsk. The store has 361 parking spaces and 28 cash registers including 10 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 fifth hypermarket launch in 2019 and brings the total number of Lenta stores to 247 hypermarkets in 88 cities across Russia and 131 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region.
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 247 hypermarkets in 88 cities across Russia and 131 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and Central regions, with a total of approximately 1,478,106sq.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 12 distribution centers.
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 50,509 people as of 30 June 2019 .
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:
Public Relations and Government Affairs Director
Tel.: +7 812 380-61-31 ext.: 1892
Ňel:+7 495 795 06 23