06/07/2018 | Press release | Distributed by Public on 06/07/2018 03:12
St. Petersburg, Russia; 7 June, 2018 - Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its two new supermarkets located in Kemerovo and Novosibirsk.
The first store is a Lenta supermarket located in Kemerovo at 90/1 Lenina Street. The store has a total area of 2,777 sq.m with 1,138 sq.m of selling space. A broad product assortment of 11,220 SKUs has been selected specifically for residents of Kemerovo. The store has a parking and 9 cash registers. The property is owned by Lenta.
The second store is a Lenta supermarket located in Novosibirsk at 276 bld.11 Dusi Kovalchuk street. The store has a total area of 1,119 sq.m with 672 sq.m of selling space and offers a broad product assortment of 6,260 SKUs. The property is leased by Lenta.
Both stores are open from 8 am to 11 pm, seven days a week. Product assortment of both supermarkets include Lenta's private labels and federal product ranges alongside local produce.
The new openings in Novosibirsk and Kemerovo are Lenta's thirteenth and fourteenth supermarket launches in 2018 and bring the total number of Lenta stores to 232 hypermarkets in 84 cities across Russia and 110 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.
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 232 hypermarkets in 84 cities across Russia and 110 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,395,980 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,600 sq.m. The average Lenta supermarket store has selling space of approximately 900 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 53,100 people as of 31 December 20171.
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:
Public Relations and Government Affairs Manager
Tel.: +7 812 380-61-31 ext.: 1892
E-mail: [email protected]
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: [email protected]
Leonid Fink & Victor Pomichal
1 FTE (full-time equivalent). Average FTE for 2017 was 42,366 employees