19 August 2020
Lenta opens two new supermarkets in Moscow and Saint-Petersburg
St. Petersburg, Russia; 19 August 2020 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its two new supermarkets in Moscow and Saint-Petersburg.
The first store is a Lenta supermarket located in at 17 Kavkazsky boulevard, Moscow. The store has a total area of 1,188 sq.m with 678 sq.m of selling space. The store has 6 cash registers and is opened from 8.00 am to 11 pm 7 days a week. The supermarket is opened within long term agreement with ADG Group.
The second supermarket is located at 50B Karl Marks street, Tikhvin, Leningradskaya oblast. The store has a total area of 1,760 sq.m with 1,136 sq.m of selling space. The store has 150 parking spaces and 11 cash registers. The store is opened from 8.00 am to 11 pm seven days a week. The new supermarket is opened in premises previously operated by SPAR.
Both stores offer a broad product range of 7,700 and 12,000 SKUs, which has been selected specifically for residents of Moscow and Saint-Petersburg and includes Lenta’s private labels and federal product ranges alongside local produce. The properties are leased by Lenta.
Lenta resonstructed premises to meet different clients’ needs and fulfill various customer journeys. The layout design of both stores is made to promote fresh fruits and berries as well as healthy food. New equipment allows making shopping more convenient and ensuring perfect representation of food.
Lenta undertook explicit measures to ensure safe environment for its customers and employees during the pandemic of coronavirus. All Lenta stores are equipped with sanitizing stations and protective screens at checkouts and own production areas to minimize health related risks. The personnel is provided with high quality respirators and gloves and goes through body temperature control procedure daily. All the equipment and premises are cleaned with disinfectants several times a day.
Lenta is committed to expand its supermarket business. In 2019, the Board of Directors approved capex of 1.9 bn Roubles to open 29 supermarkets in Moscow during 2020-2021 with total selling space of approximately 24,000sq.m. within the contract with the ADG real estate development group. The company also leased twelve ex-SPAR premises in Saint-Petersburg that are located in proper catchment areas and meet the high standards of Lenta.
The new openings are Lenta’s sixth and seventh supermarket launches in 2020 and bring the total number of Lenta stores to 248 hypermarkets in 88 cities across Russia and 138 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 248 hypermarkets in 88 cities across Russia and 138 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,487,611 sq.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 twelve 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 48,391 people as of 31 December 20191.
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 Manager
Tel.: +7 812 380-61-31 ext.: 1892
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 2017 was 42,366 employees