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Russia's Lenta Sees Like-For-Like Sales Up, Despite "Challenging" Market

Published on Aug 28 2019 11:00 AM in Retail tagged: Trending Posts / Lenta / Russia / Hypermarkets / Paywall / World News / Hermann Tinga

Russia's Lenta Sees Like-For-Like Sales Up, Despite

Russian retailer Lenta has posted a 2.9% increase in like-for-like sales in the first half of its financial year, to 30 June, with store traffic up 2.1% and average basket size up 0.7%.

The sales increase comes despite what the company's CEO said was a "challenging" period for the sector.

It posted a 5.0% increase in like-for-like sales in the first quarter of the year, followed by a 0.8% increase in the second quarter.

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