![]() We will be very soon announcing our next initiative in the loyalty programme with bigger rewards and bigger savings," added Yussuf Ali.įor the last five years it has signed an agreement with the Ministry of Economy for freezing the prices of essential commodities and has also taken many steps to bring down the prices of imported products. ![]() "Obviously, it has been a fruitful partnership with ADCB. The group’s co-branded credit and loyalty card, launched in association with ADCB, is another product that has got them a sizeable number of loyal customers since its launch four years ago. The “Lulu Webstore” will be launched soon and will initially cater to the UAE market before adding other GCC countries. Having said that, I see no negative impact of this on our regular store business as the vast majority of shoppers here still prefer ‘touch and feel’ shopping and online will help us add more new shoppers,” Yussuf Ali said. The popularity of the Lulu brand will surely make it the most convenient way to shop. "Though online retailing is still in its early stages in the region, we see great potential in it, especially among the youth. The group also manages 10 shopping malls in the Gulf. In Abu Dhabi alone, we will have another six hypermarkets which will include Al Ain and Western Regions.” “We are going ahead with our expansion plans in all GCC countries. "Not a single project was shelved or postponed," said Yusuff Ali. The Lulu Group opened 23 hypermarkets and shopping malls in the last three years in almost all major cities of the GCC. With a sales turnover of Dh 15.5 billion, the retail group grew 19 per cent last year and this year it will achieve 20 per cent growth, he said, adding that a new outlet is planned in Egypt besides the existing one and more outlets are planned in Yemen, Iraq and other non-GCC Arab countries. ![]() With 100 shops and an investment of Dh 400 million, the 100th Lulu outlet was completed four months behind schedule. We are obviously pleased to announce that our 100th Lulu inside RAK Mall, also constructed by our group, will be inaugurated by Sheikh Saud Bin Saqr Al Qassimi, Supreme Council Member and Ruler of Ras Al Khaimah on April 26". Speaking at a press conference in Dubai, Yusuff Ali M A, Emke Lulu Group's managing director, said "it was part of our "Achieve 100" growth plan launched in 2009 to reach the 100-store mark within the next three years. In the beginning, electronics and electrical products would be sold through the proposed Webstore. Lulu is also entering online retailing with the planned opening a new ‘web store’ targeting young and affluent customers. Lulu, which claims to control about 32 per cent of the GCC retail market, is also in an aggressive expansion mode in the non-GCC Arab countries like Egypt, Yemen and Iraq. Gulf retailer Lulu announced the launch of its 100th store in Ras Al Khaimah later this month. ![]()
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