* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, September 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

‎Retail landscape shows considerable growth potential, Spinneys eyes expansion in Saudi Arabia: CEO

February 15, 2024
in Business
‎Retail landscape shows considerable growth potential, Spinneys eyes expansion in Saudi Arabia: CEO
Share on FacebookShare on Twitter

Retail landscape shows considerable growth potential, Spinneys eyes expansion in Saudi Arabia: CEO

Spinneys’ CEO, Sunil Kumar

Spinneys’ CEO, Sunil Kumar, said that the Group’s performance in 2023 was strong in terms of sales, driven by significant like-for-like growth and the opening of new stores in both Dubai and Abu Dhabi.

In an interview with Argaam, Kumar added the group has 75 stores in the UAE and Oman. It plans to expand its presence soon in Saudi Arabia.

He added that the retail landscape in both Saudi Arabia and the UAE demonstrates considerable potential for growth, with a projected increase in demand for high-quality fresh food and a diverse range of products being a driving force for Spinneys’ expansion in these markets.

Here’s the full interview with Kumar:

Q: How was the company’s performance in 2023 and what are your expectations for 2024?

A: The Group’s performance in 2023 was strong in terms of sales, driven by significant like-for-like growth and the opening of new stores in both Dubai and Abu Dhabi.

Looking ahead to 2024, we anticipate an exciting year for our business. The roll-out of our new Kitchen by Spinneys dine-in concept is an important diversification play for us, as is our scheduled launch of Spinneys in the Saudi market – where we are aiming to build a footprint in the Kingdom for the first time in our history. We expect to open our first store in Riyadh in 2024, with the aim to open more stores over the coming years.

Q: What is your view on the retail market, particularly supermarkets in Saudi Arabia and the Emirates, and the level of competition within this sector?

A: The retail landscape in both Saudi Arabia and the UAE demonstrates considerable potential for growth, with a projected increase in demand for high-quality fresh food and a diverse range of products being a driving force for our own expansion in these markets.

When you combine healthy projected population growth and positive GDP projections with comparatively lower inflation than OECD countries, the macroeconomic environment in both countries is supportive of consumer spending. In Saudi Arabia, Riyadh and Jeddah are particularly attractive markets for us, given higher household income and share of total population.

When it comes to competition, there are a number of important and established players within the wider grocery segment. At Spinneys, we distinguish ourselves with a differentiated value proposition that is centred on an extensive range of high-quality fresh food products. We also have a powerful vertically-integrated local and international supply chain, that helps us maintain product availability on our shelves, even as other businesses may face supply chain challenges.

Q: How many branches do you have in Saudi Arabia and the Emirates? What are your plans to increase it?

A: We have been continually expanding our store network, which currently stands at 70 stores in the UAE, including 15 Waitrose stores that we operate the franchise for, and five Spinneys and Al Fair stores in Oman. The growth of our store network has been made possible by the strong reputation of our brand, and we expect to open more stores in the UAE this year.

Having recently announced our expansion of the Spinneys brand into Saudi Arabia, we are looking forward to establishing our presence in the Kingdom this year, and we hope to continue to expand our Saudi footprint of stores over the coming years, with a focus on Riyadh and Jeddah.

Q: What challenges are you currently encountering, especially in relation to international shipping and emerging global issues? Additionally, are there any impacts on the company as a result?

A: Our business operations benefit from a powerful, vertically-integrated supply chain, featuring a flexible global sourcing model and owned local production facilities. This setup enables us to effectively navigate the supply chain challenges of the retail industry. With respect to current challenges for Red Sea shipping, the impact remains limited so far. Collaborating closely with our freight forwarders and shipping companies enables us to respond promptly to the situation, and our extensive air freight network helps us to mitigate reliance on shipping.

Q: Is it the company’s strategy to extend its presence into high-income regions? In the case of a widespread expansion across all regions, is there a tendency to adjust prices downward?

A: Our strategy is focused on meeting the needs and tastes of our customers. While we don’t specifically target high-income regions, we aim to provide high quality fresh food products with a focus on convenience and accessibility for consumers. Our priority is to deliver value to our customers, and our pricing strategy is reflective of our commitment to freshness and quality across the communities we serve.

Q: Do you intend to delve deeper into online selling? Is there competition from this sector that affects the company?

A: During the Covid-19 pandemic, we launched online shopping platforms for Spinneys and Waitrose, and while our brick-and-mortar stores still significantly outweigh our e-commerce offering in terms of sales, we are seeing strong growth online.

To put that in context, as compared to 0% in 2019, online sales reached 14% for the first nine months of 2023. This is supported both by our own online platform and our partnerships with leading food delivery companies such as InstaShop, Noon and Deliveroo. Our current focus is on developing a refreshed mobile app, to increase convenience for customers.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1705560

Tags: businessLandscaperetail
Previous Post

‎ACWA Power fulfills terms to withdraw funding for SAR8.6B PV solar plants

Next Post

‎Americana board recommends $180M special, cash dividend

Blending art, culture and native plants at Wakamatsu – Mountain Democrat

Discover the Harmony of Art, Culture, and Native Plants at Wakamatsu

September 6, 2025
The Two-Body Problem for Women in Science – Nautilus | Science Connected

The Two-Body Problem for Women in Science – Nautilus | Science Connected

September 6, 2025
How AI and Automation are Speeding Up Science and Discovery – Berkeley Lab News Center (.gov)

How AI and Automation Are Accelerating Breakthroughs in Scientific Discovery

September 6, 2025

American Trust Investment Services Serves as Exclusive Placement Agent in $9 Million Follow-On Offering for Nova LifeStyle, Inc. – Morningstar

September 6, 2025
Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

September 6, 2025
EA SPORTS™ and New York City FC Extend Partnership to Power the Future of Football Fandom in NYC – New York City FC

EA SPORTS™ and New York City FC Join Forces to Transform Football Fandom in NYC

September 6, 2025
News – Ancient DNA Pinpoints Culprit Responsible for World’s First Pandemic – Archaeology Magazine

Ancient DNA Reveals the True Cause of the World’s First Pandemic

September 5, 2025
Fears of US recession as economy adds just 22,000 jobs – The Times

Fears of US recession as economy adds just 22,000 jobs – The Times

September 5, 2025
Musiq Soulchild Surprises Fan’s Bride With “Dontchange” Wedding Serenade – yahoo.com

Musiq Soulchild Captivates Wedding Guests with Heartfelt Serenade of “Don’tchange

September 5, 2025
States fight feds over future of school mental health services – Courthouse News Service

States Clash with Federal Government Over the Future of School Mental Health Services

September 5, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (809)
  • Economy (827)
  • Entertainment (21,704)
  • General (16,879)
  • Health (9,868)
  • Lifestyle (840)
  • News (22,149)
  • People (829)
  • Politics (834)
  • Science (16,038)
  • Sports (21,326)
  • Technology (15,808)
  • World (808)

Recent News

Blending art, culture and native plants at Wakamatsu – Mountain Democrat

Discover the Harmony of Art, Culture, and Native Plants at Wakamatsu

September 6, 2025
The Two-Body Problem for Women in Science – Nautilus | Science Connected

The Two-Body Problem for Women in Science – Nautilus | Science Connected

September 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version