Russian retailer Lenta is to spend US$40m on building hypermarkets in the cities of Rostov-on-Don and Ryazan.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company, based in St. Petersburg, said today (26 April) that both outlets are expected to be open later this year.
The hypermarkets are the “standard” Lenta format, the company said, a format which is already being rolled-out in other Russian cities. The stores will be 12,000 square metres with trade space of around 7,500 square metres.
Lenta operates 14 hypermarkets and now has 15 sites under construction. Ten of the existing retail complexes are in St Petersburg.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
