GMG’s Everyday Goods retail division has opened its second Monoprix store in the UAE – at Nakheel Mall, Palm Jumeirah.
The outlet is part of the company’s plan to build the Monoprix brand in the UAE and grow its physical footprint.
President, Retail – Everyday Goods at GMG, Marc Laurent, said: “We are delighted to open the latest Monoprix and continue our efforts to provide the highest quality of products and services, as well as follow a sustainable approach in our daily operations and in the way we serve our consumers.”
The company said it has already established its credentials after the opening of its Monoprix in 2022 at Dubai Hills Gardenia Residence.
The company’s Nakheel Mall outlet will also encourage local produce to support the company’s overall ‘farm to fork’ approach, whilst also housing private-label food and non-food products.
The Monoprix at Nakheel Mall will showcase for the first time the Monoprix Maison concept.
Mr Laurent added that the Nakheel Mall outlet is part of the company’s plan to build the Monoprix brand in the UAE and grow its physical footprint.
On July 17, GMG opened the first Monoprix Maison outlet outside of France.
Monoprix net sales grew by more than 1.2 per cent on a same-store basis throughout 2022 and by over 1.8 per cent in Q4.
Monoprix City and Monop’ stores recorded same-store sales growth of around 2.8 per cent and a more than 4 per cent increase in customer traffic over the quarter, buoyed by strong momentum at Monop.
