The LuLu Group<\/a> invested AED10.7 billion in its expansion plans, which began in 2020, intending to open 91 stores before 2023.<\/p>\nFifty stores were opened during the Covid-19 pandemic, with 11 more to open this year and 27 stores to open next year.<\/p>\n
\u201cThe LuLu Group has emerged from the recent lull of the pandemic years with a strong and vigorous global growth blueprint,\u201d said Mr Ali MA.<\/p>\n
Retail sales in the UAE are estimated to value $70.5 billion by 2025, rising an at annual growth rate of 6.6 per cent, according to the Dubai Chamber of Commerce and Industry.<\/p>\n
\u201cWe believe that leading corporate brands like ours must show the way in the economic resurgence taking place today,” Mr Ali MA added.<\/p>\n
The LuLu Group operates 235 hypermarkets, shopping malls and fulfilment centres and employs 57,000 employees across 12 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hypermarket retailer opens express store and wholesale centre in UAE. <\/p>\n","protected":false},"author":39,"featured_media":17293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1323,1],"tags":[1506,1507,4014],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/17934"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=17934"}],"version-history":[{"count":1,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/17934\/revisions"}],"predecessor-version":[{"id":17937,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/17934\/revisions\/17937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/17293"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=17934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=17934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=17934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}