🛍️ Investment Overview
On November 12, 2024, the UAE's Landmark Group shared exciting news. They plan to invest $1 billion over three years. This investment will help them open 400 new shops. The company believes this will grow their retail presence by 20% by 2028. Their expansion will target the Gulf, India, and Southeast Asia. Renuka Jagtiani, chairwoman of Landmark Group, stated, "We believe that this is key to staying relevant to ensure a seamless customer experience, both on and offline."
📈 E-commerce Growth
Landmark Group is also focused on e-commerce. Their online sales are increasing by more than 20% each year. In addition to new shops, they are investing in technology and supply chain improvements. Kabir Lumba, CEO of Landmark Retail, highlighted the strong momentum in their physical stores while emphasizing growth online. They are committed to enhancing both online and offline shopping experiences.
🌍 Market Expansion
The Gulf retail market is booming. A report from Alpen Capital indicates a growth rate of 4.6% from 2023 to 2028, with the UAE and Saudi Arabia leading. Retail sales in these countries are projected to rise to $161.4B and $139.1B, respectively. Together, they will account for 77.7% of Gulf retail sales by 2028. Landmark's new Babyshop brand is set to launch in four Indian cities in six months, further confirming their growth strategy.
🚚 Logistics and Future Plans
Landmark Group is increasing its logistics power too! They have established Logistiq, a logistics company helping more than 50 clients deliver goods across Saudi Arabia and the UAE. They also plan to open their Viva supermarket in Saudi Arabia in 2025. With a fleet of over 800 vehicles, they expect to handle over 20,000 daily shipments. Landmark Group is truly on a path of rapid growth and innovation!
What do you think of Landmark's big investment?
