LuLu Hypermarket opens 3rd outlet tomorrow
Manama, January 4, 2011
LuLu Hypermarket's third outlet in Bahrain is to open its doors tomorrow.
The 200,000 square feet outlet, the anchor store at the 900,000 square feet Ramli Mall in A'ali, will break new ground by becoming one of the largest retail chains in the region with 86 outlets, said LuLu Hypermarket group managing director Yusuffali M A.
'It is also the first store of this size in the A'ali area,' he said.
'It is both a significant achievement of rapid growth and confirmation of the group's confidence in the bright future of Bahrain,' he added.
'Bahrain, with its business-friendly environment and its expanding and prosperous middle class, has proved to be a fertile growth zone for our group's flagship LuLu Hypermarket.
'With the opening of the third LuLu Hypermarket at Ramli Mall in A'ali, the group is entering a new development phase.'
He said the mall will feature all the attractions of a premium family shopping destination.
'Ramli Mall taps a new geographic area which has not so far been explored and which is conveniently located in the tourist corridor off the King Fahad Causeway and also a busy intersection of residential and school-university zones in Bahrain.'
He said over 80 major brands have joined the mall and they are delighted with the enthusiasm of shoppers who have been checking the mall's development.
Yusuffali said the group has embedded the Economic Vision 2030 development blueprint into its growth model here.
'The rapid growth of the LuLu Hypermarket chain in Bahrain has been due to the stability and economic progress in the country, the far-sighted ambitions of the leadership and the policies that the government put in place to encourage business activity.'
He said the new outlet makes LuLu the only hypermarket with multiple stores in Bahrain.
'This is an important milestone in our journey to our 100th store landmark by the end of this year,' he said.
'This would also include a fourth hypermarket in Hidd, which will most likely be the largest hypermarket in Bahrain when completed.'
He said they started in 2007 with their first LuLu Hypermarket in Dana Mall.
'We have been humbled by the continuing trust and loyalty of our shoppers who have powered our expansion to Riffa and now in A'Ali.'
He said over the years, they have worked closely with the different ministries to align its development with Bahrain's growth.
'After establishing LuLu in all major cities in the Gulf, our current emphasis is on taking it to the different suburbs of main cities, closer to our shoppers so that they don't have to drive longer to reach us,' he said.
'We believe our emphasis on quality and customer service has helped us deliver stability to the retail market and keep the price of essential goods at an affordable level.
'We work closely with the Industry and Commerce Ministry and the Consumer Protection Department to ensure year-round supply of quality products at best prices,' he added.
He emphasised on the commitment of LuLu Hypermarket to meeting the goals of the Labour Ministry and making Bahrainis its partners in success and progress.
'We believe the community is our partner in progress and Bahrainisation is not just number-crunching but the inclusion of stake-holders in Bahrain's success story.
'Bahrain has one of the most forward-looking plans for its labour market and took an early lead in nationalisation. Now, powered by the labour market and education reforms, we believe that we shall have access to the talents of hundreds of bright young Bahrainis and are keen to involve them in our growth.
He said Bahrain's retail sector is developing rapidly and the group is proud of the contribution of LuLu Hypermarket to the sector's expansion and to the overall economic progress and prosperity in the country.-TradeArabia News Service