15 December 2018
Lenta opens its hypermarket in Kurgan
St. Petersburg, Russia; 15 December 2018 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its hypermarket in Kurgan, Urals.
The new store is a Lenta compact hypermarket located at 8 Koli Myagotina Street in Kurgan. The store has a total area of 7,700 sq.m with 4, 649 sq.m of selling space and is open from 8 am to 24 pm, 7 days a week. The store has 700 parking spaces and 20 cash registers including 4 self-checkout lanes. The property is leased by Lenta.
A broad product assortment of 18,000 SKUs has been selected specifically for residents of Kurgan and includes Lenta’s private labels and federal product ranges alongside local produce.
This opening in Kurgan is Lenta’s seventh hypermarket opening in 2018 and brings the total number of Lenta stores to 237 hypermarkets in 86 cities across Russia and 128 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region.
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s third largest retail chain (in terms of 2017 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 237 hypermarkets in 86 cities across Russia and 128 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region with a total of approximately 1,427,677 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 50,600 people as of 30 June 20181.
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
1 FTE (full-time equivalent). Average FTE for 1H2018 was 49,643 employees.