Oman’s First Ikea Store to Open on This Date
Swedish home furnishings giant IKEA, has announced the opening of its first store in Oman in June 2022. Spanning 25,000 square metres, the two-level flagship is set to launch in Lulu Group’s Oman Avenues Mall. Bringing customers affordability and a comfortable shopping experience, the new IKEA will be located in the centre of the city making it more accessible for many people. It will feature inspirational room setups and creative solutions for visitors with over 9000 articles across Living Room, Bedroom, Kitchen, Bathroom, and other home furnishing accessories. Leveraging digital innovation, Oman’s first IKEA store will also be available virtually, making it easier for shoppers to browse and buy the latest products. Read More…
LuLu Hypermarket Joins Talabat
Talabat, a leading technology company in food delivery and express trade, announced the inclusion of LuLu Hypermarket on its platform. LuLu Hypermarket is considered one of the favourite markets of Bahraini consumers, for the availability of a wide variety of groceries products manufactured locally and abroad. Talabat allows LuLu customers to browse the application from home, choose groceries and have them delivered to them. “The LuLu Group is always at the forefront of making the retail experience enjoyable, affordable, and valuable in terms of quality to our shoppers. This partnership with Talabat opens yet another access to our retail presence in Bahrain, while also strengthening our omnichannel approach for e-commerce,” said LuLu Group Director, Juzer Rupawala. Read More…Source: The Daily Tribune News of
(Source: Times of Oman (https://bit.ly/3vJuU5J)
Bahrain (https://bit.ly/3w8U7pg)
Macy’s to open $584M Fulfillment Center
Uniqlo to Ramp Up Store Expansion in North America
The $584 million projects is part of the retailer’s wider push to grow its e-commerce operational capacity. In February, the company announced plans to move and expand its Houston distribution centre into a 1-million-square-foot facility in Tomball, Texas. Macy’s is also investing in new automation technology for its Portland, Tennessee, and Martinsburg, West Virginia, distribution centres to better support its digital business, according to the press release. “This stateof-the-art facility is a significant milestone for Macy’s, Inc. as we invest in strengthening our omnichannel ecosystem,” Dennis Mullahy, Chief Supply Chain Officer of Macy’s, said in a statement. “It will support the growth of our business as a leading omnichannel retailer.” Source: Retail Dive (Read More: https://bit.ly/3uh4lEo)
Japan’s Fast Retailing Co. is looking to expand its footprint more aggressively in North America. On the heels of strong first-quarter results, the parent company of Uniqlo said it plans to step up expansion, opening about 400 to 500 stores annually around the globe. A big focus of its expansion will be North America, where the company is targeting 30 new Uniqlo stores annually. It plans to expand Uniqlo’s North American footprint to 200 locations in five years, up from its current total of 43 in the U.S. and 14 in Canada. For the six months ended Feb. 28, Fast Retailing’s net profit rose 38.7%, to $1.17 billion. Read More… Source: Chain Store Age (https://bit.ly/3KMyYXn)
Spinneys Opens a New Store in Nasr City
Spinneys continues to expand in Egypt with its latest opening of a new store in Nasr City on 30 April. The store is located in Abdel Hamid Lotfy street next to “El Serag Mall’. The opening marks an important milestone for the company as it continues its expansion drive across the country through 2022. “This is our first store in the Nasr City area and it reflects our ongoing commitment to the Egyptian market despite the global health and economic challenges,” Spinneys CEO Mohanad Adly, said. “This marks the second store opening this year after the successful launch of our Zahraa El Maadi store earlier in February. We want to introduce Spinneys to as many Egyptian consumers as we possibly can, and we will be looking at locations not just in Cairo, but across various other main cities as well.” Read More…Source: The Egypt Toda (https://bit.ly/3Fqwz3t)
Home Depot Launches Venture Capital Fund
The Home Depot is on the lookout for emerging technologies. The home improvement giant has launched a $150 million venture capital fund to identify, invest in and partner with emerging tech companies focused on improving the customer experience and shaping the future of home improvement. The new Home Depot Ventures fund aims to invest in companies that “advance The Home Depot’s ability to provide a seamless interconnected shopping experience, develop new and differentiated capabilities,” the company said. “With Home Depot Ventures, we’re lending our support and expertise to enable rapid scale of innovation,” said Richard McPhail, executive VP and CFO of The Home Depot. “This is an exciting opportunity to find and scale the next big ideas in technology and retail.” Read More…Source: Chain Store Age (https://bit.ly/3OYyh0k)
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