Russian retail group Lenta has announced the opening of its 200th hypermarket in the country, with the unveiling of its second hypermarket in Astrakhan.
The store is described as a ‘compact format hypermarket’, boasting a total sales area of 4,283 square metres, and some 17,500 SKUs. It is open 24 hours a day, seven days a week, and will feature both Lenta’s national private labels as well as local produce.
Ninth Opening This Year
This opening in Astrakhan is Lenta’s ninth hypermarket opening in 2017 and brings the total number of Lenta stores to 200 hypermarkets in 79 cities across Russia and 61 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region.
“Today, Lenta reached the milestone of 200 hypermarkets, marking yet another major achievement for the Company and a clear indication of our ability to maintain rapid expansion in a challenging economic environment,” said Lenta chief executive Jan Dunning.
“The new opening increases Lenta’s presence in the Southern Federal District to 25 hypermarkets in 15 cities, further strengthening our substantial position in this market. We plan to continue our expansion in the Southern District, providing our customers with high-quality products at competitive prices every day, developing our supplier network and maintaining our reputation as a socially responsible business.”
The new opening brings the total sales space at Lenta’s operations to 1,195,796 square metres. The average Lenta hypermarket store has selling space of approximately 5,700 square metres.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.