DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Russian Grocer Lenta Reports Q3 Sales Up 32.9%

By square1
Share this article
Russian Grocer Lenta Reports Q3 Sales Up 32.9%

Russian retail operator Lenta has announced its its third-quarter sales soared by 32.9 per cent to 48.5bn roubles.

The retailer posted like-for-like growth of 8.9 per cent.

The robust performance was helped by its store expansion and increased customer traffic to outlets, it said.

Lenta is continuing with its full-year forecast of revenue rising by 34 per cent - 38 per cent.

"We must be very careful about the market because buyers have already started to change their behaviour, adapting to the country's economic conditions," said the retail giant.

ADVERTISEMENT

Earlier this month, Lenta announced it will open a new hypermarket in Almetyevsk, Tatarstan in the fourth quarter of 2014.

© 2014 - European Supermarket Magazine

To receive ESM news directly in your Inbox, send an email with subject ‘ESM news sign-up’ to [email protected].

To subscribe to ESM magazine, please email [email protected].

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.