{"id":19846,"date":"2022-12-06T15:07:34","date_gmt":"2022-12-06T15:07:34","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=19846"},"modified":"2022-12-07T15:08:53","modified_gmt":"2022-12-07T15:08:53","slug":"brands-for-less-group-launches-its-fourth-outlet-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2022\/12\/06\/brands-for-less-group-launches-its-fourth-outlet-in-saudi-arabia\/","title":{"rendered":"Brands for Less Group launches its fourth outlet in Saudi Arabia"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\"><a href=\"https:\/\/www.meretailnews.com\/2022\/10\/06\/brands-for-less-opens-first-shopping-centre\/\">Brands For Less Group<\/a>, one of the leading off-price and multi-brand retailers in the GCC region, has opened its fourth store in Saudi Arabia in line with the Group\u2019s rampant growth plans in the kingdom.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The new standalone store, located on King Abdullah Street in Riyadh, reflects the company&#8217;s overall growth strategy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Co-founder and CEO of the Brands For Less Group, <a href=\"https:\/\/www.meretailnews.com\/2022\/10\/18\/7-questions-with-toufic-kreidieh\/\">Toufic Kreidieh<\/a>, said: \u201cWe at BFL, with the goal of offering our products to customers across the region, continue to expand our exclusive collection of brands at the best value.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;This is further supported by the fact that more stores are being accommodated in malls and shopping centres as a result of the expanding population, giving customers access to a wider variety of products. Furthermore, with Saudi Arabia&#8217;s retail sales expected to thrive in the next five years, the Group remains in a strong position to expand the business and further solidify its presence in the region.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Two months ago,\u00a0<\/span><span data-preserver-spaces=\"true\">Brands For Less<\/span><span data-preserver-spaces=\"true\">\u00a0opened its first shopping centre in the UAE- in Motor City, Dubai.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">First brought to the UAE in 2000, Brands For Less Group opened 11 stores in 2020, turning the crisis into a lucrative opportunity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The BFL Group offers special prices on apparel from over 3,000 brands.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Group&#8217;s latest store opened at a time when the Saudi retail industry was projected to reach $176.5 billion by 2026.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brands for Less Group unveils its fourth outlet in Saudi Arabia, in Riyadh, in keeping with its expansion strategy<\/p>\n","protected":false},"author":40,"featured_media":18432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4105,1],"tags":[4498,3958,2683],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/19846"}],"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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=19846"}],"version-history":[{"count":4,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/19846\/revisions"}],"predecessor-version":[{"id":19850,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/19846\/revisions\/19850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18432"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=19846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=19846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=19846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}