20 November 2020
Lenta opens a new hypermarket in Moscow
St. Petersburg, Russia; 20 November 2020 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its new hypermarket in Moscow.
The new store is Lenta hypermarket located at 177 Volgogradsky prospect. The store has a total area of 8 352 sq.m with 5 069 sq.m of selling space and is open from 24 hours a day, 7 days a week. A broad assortment of products of 17,000 SKUs has been selected specifically for residents of Moscow. The store has 26 cash registers including 10 self-checkout lanes. The property is leased by Lenta.
Product assortment of the hypermarket includes Lenta’s private labels and federal product ranges alongside local produce.
The new opening is Lenta’s fourth hypermarket launch in 2020 and brings the total number of Lenta stores to 252 hypermarkets in 88 cities across Russia and 138 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 252 hypermarkets in 88 cities across Russia and 138 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1.5 mn 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’
For further information please visit www.lentainvestor.com, or contact:
Public Relations and Government Affairs Director
Tel.: +7 812 380-61-31 ext.: 1892
1 FTE (full-time equivalent). Average FTE for 2019 was 51,908 employees