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Russian food retailer Lenta upbeat on 2014 despite economic woes
date:Jul 16, 2014
r in helping our customers survive this economic crisis. We have not seen any trading down, we have seen a very slight trading upwards, Lenta's Chief Executive Officer, Jan Dunning, told Reuters.

Lenta expects full-year 2014 sales to grow by 34-38 percent, it said in a statement on Tuesday, compared with a rise of 31 percent last year.

Second-quarter sales rose 39 percent, year-on-year, to 46.3 billion roubles ($1.35 billion) as it opened more stores and the older ones performed strongly with

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