Looking ahead<\/strong><\/p>\nIn recent years, LuLu has focused on its expansion strategy.<\/p>\n
In Saudi Arabia, the company is expanding rapidly.<\/p>\n
LuLu launched its 27th hypermarket in Saudi Arabia in 2022, which would measure 168,000 square feet and spread over one level. It was opened in the Al Rawabi area of Jeddah.<\/p>\n
Meanwhile, LuLu is also eyeing smaller Saudi cities.<\/p>\n
In a statement last year, Mr Ali had said that the group was seeking to tap the potential of the Tier-2 and Tier-3 Saudi cities which are developing rapidly.<\/p>\n
The company also opened hypermarkets in the Saudi city of Saihat, the Al Ruwais district of Jeddah, and in the eastern province of Dammam, apart from others. In Taif, the company had invested $13.6 million to build a hypermarket in the Taif City Walk Mall.<\/p>\n
Earlier in 2018, the group said it would invest $500 billion in Saudi Arabia’s upcoming Neom megacity project.<\/p>\n
Last year, Nandakumar Vijayan, director of marketing and corporate communications at Lulu Group International told Arab News that the group had opened nine hypermarkets and two stores in 2020, and 24 hypermarkets and three stores at the height of the pandemic in 2021. In 2022 they opened 25 hypermarkets.<\/p>\n
Mr Vijayan had also said that LuLu would open a further 27 hypermarkets in 2023.<\/p>\n
Last year, the company had also revealed a $621 million expansion plan in India, which\u00a0will include malls, hypermarkets and food processing centres.<\/p>\n
LuLu already operates five malls across India, with plans to open 12 more in the next three years. These would be in Calicut, Tirur, Perinthalmanna, Kottayam, Palakkad, Noida, Varanasi, Prayagraj, Ahmedabad, Hyderabad, Bengaluru and Chennai.<\/p>\n
The group also spent $365 million to build Gujarat’s largest mall. The mall will have 300 national and international brands and will be located in Ahmedabad.<\/p>\n
All of this shows that over the years, the company has tapped into the burgeoning middle class from the Middle East and other emerging markets.<\/p>\n
This has allowed it grow from a hypermarket to a brand that caters to multiple ethnicities.<\/p>\n","protected":false},"excerpt":{"rendered":"
In 1973, a young MA Yussuf Ali left his village in India to join his uncle\u2019s small distribution business in Abu Dhabi. By 1995, Mr Ali had opened his own supermarket and named it LuLu Hypermarket.<\/p>\n","protected":false},"author":42,"featured_media":18101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3927],"tags":[4014,3966],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/21193"}],"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\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=21193"}],"version-history":[{"count":10,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/21193\/revisions"}],"predecessor-version":[{"id":21275,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/21193\/revisions\/21275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18101"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=21193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=21193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=21193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}