25 November 2020
Lenta opens a new supermarket in Moscow
St. Petersburg, Russia; 25 November 2020 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its supermarket in Moscow.
The new store is Lenta supermarket located at 1 Inzhenernaya street. The store has a total area of 1,091 sq.m with 654 sq.m of selling space and is open from 08.00 am to 11 pm, 7 days a week. The store has 6 cash registers. The supermarket was opened under a long-term partnership with ADG Group. The property is leased by Lenta.
A broad assortment of products of 7,900 SKUs has been selected specifically for residents of Moscow. It includes Lenta’s private labels and federal product ranges alongside local produce.
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 are 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.
The new opening in Moscow is Lenta’s ninth supermarket launch in 2020 and brings the total number of Lenta stores to 252 hypermarkets in 88 cities across Russia and 139 supermarkets in Moscow, St. Petersburg, Siberia, the 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 139 supermarkets in Moscow, St. Petersburg, Siberia, the Urals and the Central region with a total of approximately 1.5 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:
Head of Public Relations and Government Affairs
Tel.: +7 812 380-61-31 ext.: 1892
1 FTE (full-time equivalent). Average FTE for 2019 was 51,908 employees