7 August 2018
Lenta opens two new supermarkets in Siberia
St. Petersburg, Russia; 7 August, 2018 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its two new supermarkets in Kemerovo and Novokuznetsk, Siberia.
The first store is a Lenta supermarket located in Kemerovo at 28 Stroiteley bulevard. The store has a total area of 680 sq.m with 342 sq.m of selling space. A broad product assortment of 4,500 SKUs has been selected specifically for residents of Kemerovo. The store has 4 cash registers. The property is owned by Lenta.
The second store is a Lenta supermarket located in Novokuznetsk at 55 Kirova street. The store has a total area of 2,061 sq.m with 1,275 sq.m of selling space and offers a broad product assortment of 10,400 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 includes Lenta’s private labels and federal product ranges alongside local produce.
The new openings in Kemerovo and Novokuznetsk are Lenta’s nineteenth and twentieth supermarket launches in 2018 and bring the total number of Lenta stores to 233 hypermarkets in 84 cities across Russia and 115 supermarkets in Moscow, St. Petersburg, Siberia, Urals 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 233 hypermarkets in 84 cities across Russia and 115 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region with a total of approximately 1,404,938 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 800 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
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
1FTE (full-time equivalent). Average FTE for 2017 was 42,366 employees