LuLu Group International ranked among the top 250 global retailers

LuLu Group International ranked among the top 250 global retailers

 

Abu Dhabi, UAE, 2017-Feb-27 — /EPR Retail News/ — Three retailers from the GCC which includes UAE’s LuLu Group International and Majid Al Futtaim Holding have ranked among the top 250 global retailers whose combined revenues reach approximately $ 4.31 trillion in 2016, according to Deloitte’s 250 global retailers report.

Herye Ballantyne, the partner and Consumer & Industrial Products Industry Leader for Deloitte Middle East said, “The Middle East remains an attractive destination for retailers, with three retailers ranking in Deloitte’s report of the 250 largest retailers around the world: Lulu Group, Majid Al Futtaim Holding and Savola Group. Together, the Africa/Middle East region’s 19.1 per cent growth rate and 5.8 per cent net profit margin were the highest among the five geographic regions in FY2015. ”

Emke/LuLu Group which is ranked 153rd in the global rankings emerged as the top retailer in the Middle East with a retail revenue of $ 6.2 billion. LuLu Group which has operations in nine countries was also ranked 27 in the list of the fastest growing retailers in the world.

Yusuffali M.A, the chairman for LuLu Group said, “Today (25 FEB 2017), it is completely a consumer-driven market and the shopper needs only the very best. We have been continuously innovating in all aspects of our business process, right from store layout to product offering and pricing structure. We see no slowdown in our industry and we intend to go ahead with our announced expansion plans. Currently, we have 133 stores which will reach 150 by mid-2018, with new stores coming up in almost all GCC countries.”

Ranked among the top 10 retailers were Walmart, Walgreens Boot Alliance, The Home Depot, The Kroger Co and Amazon of the United States, Scwarz Unternehmenstreuhand KG Lidl and Aldi of Germany, Carrefour from France along with Tesco from UK. The 10 largest e-tailers in the world included Amazon.com, Apple, Walmart, Liberty Interactive Corporation and Macy’s all from the United States. Otto from Germany, Tesco from the UK, Vipshop, JD.com and Suning Commerce Group all from China.

Contact:

Tel: +971 2 4182000
Fax: +971 2 6421716
headoffice@ae.lulumea.com marketing@ae.lulumea.com

Source: Lulu Group

LuLu Hypermarket opened its 118th outlet in Sinaw, Oman

Sinaw, Oman, 2015-9-23 — /EPR Retail News/ — LuLu Hypermarket opened its 118th outlet in Sinaw, Oman, on 20 September, building on our stated policy to reach out to the Wilayats of the Sultanate and to provide a world class shopping experience closer to its customers. The new store was officially inaugurated by H.E Sheikh Yahya Bin Hamoud Hamed Al Maamari, Governor of Al Sharqiya North, in the presence of Yusuffali M.A., Managing Director – LuLu Group, Ashraf Ali, Executive Director, Saifee Rupawala, CEO, Ananth A.V., Regional Director – Oman, and other senior dignitaries.

Spread over an area of 125,000 square feet, the new store is specially designed to offer the residents of Sinaw, a world class shopping experience like never before with fair prices and friendly service. The hypermarket will provide the widest range of quality and value-for-money products all under one roof. It will have separate sections for fresh fruits and vegetables, meat and poultry, dairy products, ready-to-eat products and a live bakery. It also offers a huge area dedicated to electronics, IT products, home appliances, sports, furnishing and furniture, daily needs, personal care, kitchenware, crockery, kids toys, apparel and stationery, and health and beauty products. The outlet, which is the 15th one in Oman, also has a wide choice of world-class fashion brands and products for ladies, gents and kids.

The systematically arranged sections promise the customers an easy and hassle-free shopping experience. Extra-wide aisles, extensively laid out counters and ample parking space are some of the distinguishing features of this new store.

Commenting on the Sinaw outlet, Mr. Yusuffali said, “With more than a decade of success and accomplishment in Oman, LuLu is now pleased to embark on a new journey to reach customers in the interior areas of the Sultanate. The opening of the new store is indeed a moment of great pride and joy. We plan to open more LuLu stores in the interior regions in the coming months as we believe that every customer should be able to enjoy a world-class shopping experience, no matter where they are.”

“The hypermarket will also offer a window of opportunity to local community. LuLu group has always been firm in its commitment to encourage the locally available talent and empower local communities from wherever we operate. We believe that having a strong national workforce is vital to our long-term success as it helps in creating sustainable community living. We do have an ambitious plan to absorb enterprising youngsters and generate more job opportunities for them in the future,” he added.

marketing@ae.lulumea.com

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LuLu Hypermarket opened its 118th outlet in Sinaw, Oman

LuLu Hypermarket opened its 118th outlet in Sinaw, Oman