Cenomi Retail, Saudi’s largest vertically integrated retailer, has forayed into Uzbekistan with the signing of nine international brands to open in Tashkent City Mall.
The retailer completes its entry into its 11th international market with the confirmation that it will open seven Inditex brand stores in the new development, anchored by a Zara store, in addition to Pull & Bear, Stradivarius, Massimo Dutti, Bershka, Oysho and Zara Home.
CEO of Cenomi Retail, Dr Gunther Helm, said: “The retail sector in Uzbekistan is continually picking up pace, seeing double-digit growth in sales and a consumer that is asking for greater choice in modern, experiential lifestyle destinations.
“Having experienced strong success in several CIS countries to date, where Cenomi Retail operates some of the world’s leading fashion, beauty and F&B brands, we are confident that our know-how will promote Uzbekistan as a vibrant market for growth.”
This follows Cenomi’s agreements with Aldo and Cinnabon in April.
Uzbekistan has seen a marked increase in interest from international retail brands looking to capitalise on maturing consumer habits. Having previously been dominated by the traditional market format, the country’s retail sector is moving towards adopting retail chains as it modernises to meet the increasing demands of its large consumer population.
Established in Saudi Arabia in 1990, Cenomi has an established presence across the Mena and CIS regions.
Cenomi Retail now trades in over 1,300 stores across 100 shopping malls in 11 countries, with a retail platform operating on a total GLA of more than 400 thousand square meters.