Keeping pace with the competitiveness and growth of consumer demand after reaching levels exceeding 2019
Economic recovery stimulates “cooperatives” and retail centers to expand during 2023
Union Coop will add two sales outlets and is studying new expansion plans.
«Aswaaq» intends to add 4 new outlets in Dubai and abroad.
"Cooperatives" and retail centers in Dubai and Sharjah revealed plans to expand in the local markets, to keep pace with the growth of demand in the sector and the high competitiveness.
The "aswaaq" group intends to add four new outlets for retail trade in Dubai and abroad, at a time when the "Union Coop" will add two new outlets in the first half of this year, while studying new expansion plans.
In turn, Sharaf Group will add 23 new stores, and Sharjah Cooperative, three outlets before the end of this year.
Officials in those "cooperatives" and centers confirmed to "Emirates Today" that the retail trade sector recorded high levels of demand and revenues during 2022, which exceeded those in 2019, with the support of recovery indicators in the tourism, business, exhibitions and events sectors.
Abdul Hameed Al Khashabi, the official spokesman for the “Aswaaq” group centers affiliated with the Dubai Government Investment Corporation, said that the “group” intends to expand with new outlets in Dubai and abroad during the current year 2023, expecting that the number of retail outlets will increase from 22 outlets currently to 26 outlets before the end of the year. current year.
He added that the retail trade sector recorded recovery rates, and growth in demand and revenues, at levels that exceeded those in 2019 (before the period of the Covid-19 pandemic), especially in Dubai, with the support of the popularity of the tourism, business, exhibitions and events sectors, in addition to indicators of recovery recorded by many sectors. Economic, supported by government incentives.
He explained that the group's expansions will keep pace with the growth of demand in the sector, which is expected to rise during the current year, according to market indicators, and the high consumer demand linked to the growth of tourism activity and population.
For his part, Director of the Marketing and Happiness Department at Union Coop, Dr. Suhail Al Bastaki, said that the "Cooperative" is working on implementing plans to expand its sales outlets in Dubai markets, expecting that their number will increase during the first half of this year to 26 outlets, compared to It currently has 24 outlets, with new expansion plans being studied.
He added that the new expansions keep pace with the competitiveness in the retail trade sector, and meet the high demand recorded by the sector during the past year, and reached similar levels, or exceeded the levels of 2019, which enhances the continued growth in demand and revenues during the current year, especially in light of the economic recovery in Dubai, especially in the tourism, aviation and hospitality sectors.
In the same context, the Director of Community Relations at the "Sharjah Cooperative", Faisal Khaled Al Naboodah, said that the "Cooperative" intends to expand during the current year, from 50 outlets currently, to 53 outlets before the end of this year.
He stressed that the expansions are among the important policies in the retail trade sector, to keep pace with the high competitiveness in the sector and the growth of consumer demand.
It was agreed that the retail trade sector recorded growth rates in demand and revenues similar to or exceeding those during 2019, with expectations of continued growth during the current year, supported by the growth of business sectors, and high indicators of consumer spending in general.
"Sharaf Group" .. 23 new stores
"Sharaf Group" .. 23 new stores
Yasser Sharaf, Vice President of the Retail, Hospitality, Industry and Financial Services Department at Sharaf Group, said that the “group” intends to expand its operations in retail outlets, as it aims to launch 23 new stores during 2023.
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