28 December 2017
Lenta opens its third hypermarket in Saratov
St. Petersburg, Russia; 28 December 2017 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its third hypermarket in Saratov.
The new store is Lenta “compact” format hypermarket located in Saratov at 17 Verkhnyaya street. The store has a total area of 8,914 sq.m with 5,232 sq.m of selling space and is open 24 hours a day, seven days a week. The store has 1,000 parking spaces and 24 cash registers including 4 self-checkout lanes. The property is leased by Lenta.
The new store offers a broad product assortment of 20,500 SKUs, which has been selected specifically for residents of Saratov and includes Lenta’s private labels and federal product ranges alongside local produce.
The new opening is Lenta’s thirty ninth hypermarket launch in 2017 and brings the total number of Lenta stores to 230 hypermarkets in 83 cities across Russia and 85 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg 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 230 hypermarkets in 83 cities across Russia and 85 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,368,361 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 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 40,400 people as of 30 June 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:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
Leonid Fink & Victor Pomichal
Тel: +44 7497 783 705
1 FTE (full-time equivalent). Average FTE for 1H 2017 was 40,197 employees