Lulu Retail, which recorded strong growth in the first financial quarter of this year, has further strengthened its market presence in the GCC. The company recently announced a substantial dividend of ₹867 crore for its investors.
Lulu also opened a new Express store in Nad Al Hammar, Dubai, marking its 260th outlet in the GCC. With this launch, the group now operates 112 stores across the UAE.
The 22,000 sq. ft. Lulu Express at Nad Al Hammar is set to offer a superior shopping experience for customers in the area. The store features a wide range of fresh fruit and vegetables, groceries, bakery items, seafood, meat, dairy products, household goods, and beauty products.
According to M. A. Saleem, director of Lulu Global Operations, the outlet also guarantees enhanced e-commerce services. He added that more Lulu Express stores will be opened across the UAE in the near future.
Also present at the ceremony were Shabu Abdul Majeed, director of Lulu Global Operations; Mujeeb Rahman, buying director; V. Nandakumar, director of global marketing and communications; James K. Varghese, regional director for Dubai and the Northern Emirates; and Thamban K. P., Dubai regional director.