date:Jul 16, 2014
Russian food retailer Lenta is confident its price policies will help it weather a weaker economy, brought lower by the Ukraine crisis, as it predicted faster sales growth for 2014 and confirmed expansion plans.
By offering consumers loyalty cards and targeted promotions, Lenta said it had successfully navigated a second quarter when the economy stagnated and capital outflows highlighted its poor prospects following sanctions on Moscow over Ukraine.
We were very successful in the second quarte