Cenomi Retail is proud to report a strong operational and financial performance in Q3-24, with revenues of SAR 1.2 billion and net profit of SAR 19 million. Key highlights: - 3.6% YoY revenue growth in Kingdom of Saudi Arabia, driven by an increase in sales of Zara & Inditex - 30.9% YoY growth in international markets, led by Azerbaijan & Georgia - Progress on brand optimization program, with SAR 212 million in capital gains - Net debt reduction of 23.7% YTD Read the full details on our website: https://bit.ly/4fHrggZ #CenomiRetail #FinancialResults #ProfitGrowth #SaudiArabia
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More on Saudi consumers and supermarkets landscape to think about: Lulu, Othaim, and Danube are leading the way as top brands for shoppers exploring new stores. Once visited, these stores often become regular shopping spots. Interestingly, about 60% of shoppers visit at least two stores monthly, and the same percentage are inclined to check out a new store if it opens nearby (it seems a good marketing practices to heavily promote on new opening stores) Key factors driving these visits include location convenience and word of mouth. It's clear that Lulu, Othaim, and Danube are making a significant impact in the retail landscape (NIQ) #RetailTrends #ShopperInsights #BrandLeadership #SustainabilityMatters #CorporateSustainability
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🌟 Navigating the Oud and Fragrance Landscape in Saudi Arabia: Key Consumer Trends 🌟 Discover the latest insights into Saudi Arabia's oud and fragrance market! Our new white paper explores key trends, from rising demand for premium products to the impact of e-commerce and sustainability. 🔹 High-Quality & Authentic Oud 🔹 Growth of Online Shopping 🔹 Customization & Personalization 🔹 Eco-Friendly & Ethical Practices 🔹 Tackling Fake Products Stay ahead of the curve with valuable market insights and strategic recommendations to thrive in this dynamic market. 📈 Download our full white paper now! #MarketInsights #ConsumerTrends #OudMarket #SaudiArabia #FragranceIndustry #InsightixMENA #SaudiConsumers #MENA
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𝗔𝗻 𝗔𝗻𝗺𝗼𝗹 𝗔𝗱𝘃𝗲𝗻𝘁𝘂𝗿𝗲 𝗮𝘁 𝗟𝘂𝗟𝘂 𝗛𝘆𝗽𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗶𝗻 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮! I recently had the pleasure to explore aisles of LuLu Hypermarkets in Saudi Arabia! I had the pleasure of discussing our latest products with enthusiastic LuLu managers, gaining invaluable insights into consumer preferences in this vibrant market. We're excited to explore how we can bring a taste of Anmol magic to even more homes in Saudi Arabia! What are YOUR favorite international grocery stores to explore? Share your experiences in the comments below! #AnmolBiscuits #SaudiArabia #LuLuHypermarket #biscuits #FMCG #international
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Pakistani mangoes sell for $10 in the city of Dubai but fetch a market price as high as $120 in the supermarket following repackaging and rebranding; differences are clear on value addition by presentation. This premium price shock explains how the same fruits can look attractive to gain a premium price in an international market with proper branding and packaging. It also hints at the lost opportunities of producers to gain more from such products for themselves by investing in similar strategies. #DekhoPakistan #PakistaniMangoes #DubaiMarket
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🔎 Delve into FMCG & Pharmacy Retail Distribution in Saudi Arabia... 📈 We are big fans of Saudi Arabia, where we anticipate significant growth in the upcoming decade. Our team is excited about the prospects for our business development in this promising market! According to Statista… 1️⃣ As of 2023, the biggest supermarket chain in Saudi Arabia was Al Othaim with 192 outlets. 2️⃣ Panda supermarkets followed in second place with 141 outlets. 3️⃣ The value of the retail sector in Saudi Arabia was forecasted to total $176.5 billion by 2026. 4️⃣ In 2021, the self-sufficiency ratio for milk/dairy was 81%, compared to 68.2% for meat. 5️⃣ Food production in Saudi Arabia reached 10.9 million metric tons in 2021. 👏 Thank you, Fadi H., for these impressions 🌍 KIMCO Saudi Arabia Country Card https://lnkd.in/dTrQryNv #TheKIMCOGroup #MasterDistributor #MiddleEast #MiddleEastInsights #SaudiArabia #SaudiArabiaInsights #Retail #DailyLife #Distribution
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🎉Congratulations to Saudia Dairy & Foodstuff Company (SADAFCO), stc L'Oréal Paris's Garnier, Nova Water, Aujan Coca-Cola Beverages Company (ACCBC)'s Barbican , Procter & Gamble Asia Pacific, Middle East and Africa,'s Head & Shoulders, Baskin Robbins , #Galaxy, Alinma Bank and PepsiCo Middle East's Doritos for making it to the top 10 in KSA's biggest brand movers list! Discover the brands in KSA that made big moves from August to September 2024, based on positive movement across 13 brand metrics tracked by YouGov BrandIndex. View the top 10 biggest brand mover's performance here👉https://okt.to/RWNGyd
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Pakistani mangoes sell for $10 in the city of Dubai but fetch a market price as high as $120 in the supermarket following repackaging and rebranding; differences are clear on value addition by presentation. This premium price shock explains how the same fruits can look attractive to gain a premium price in an international market with proper branding and packaging. It also hints at the lost opportunities of producers to gain more from such products for themselves by investing in similar strategies. #Dekho #PakistaniMangoes #DubaiMarket
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Last year, Ramadan retail sales in the #MENA region were projected to reach $66 billion. 💰 With the convenience of e-commerce and consumer spending soaring by up to 70% in certain countries, #Ramadan emerges as the busiest shopping season in the Middle East and North Africa (MENA) region. There's a noticeable increase in searches for Ramadan-related products and deals, emphasizing the importance of launching targeted #ad campaigns across #RetailMediaplatforms to capitalize on this season. 🚀 Key opportunities for #retailers & #brands during Ramadan period include: ▪ A significant increase in consumer spending, with 64% of people in the UAE spending more during this period. ▪ According to MARKETING-INTERACTIVE, in Southeast Asia, retail sales during Ramadan surged by nearly 50%, with total consumer spending forecasted to rise by 43.41%. ▪ TGM Research reveals that 82% of consumers are focused on finding deals, with 76% preferring retailers offering unique gifts. ▪ The top category of goods during Ramadan is anticipated to be groceries, with 60% of consumers planning to purchase food more frequently, as stated by Arab News. ▪ Religious and ceremonial products witness a 101% increase in sales. ▪ Consumers see Ramadan as the best time to find deals and are open to trying new products, with 78% interested in exploring new brands. ▪ According to GMG, nearly 50% of consumers plan to increase their gifting budget for Ramadan. Join us to align your product offerings with consumers' needs and expectations during Ramadan and maximize your sales potential! 👉 https://lnkd.in/dMz99SDv #RetailMedia #RetailMediaNetworks #RMNs #RamadanShopping #RamadanDeals #ecommerce #Retail #RamadanMarketing #RamadanProducts #ConsumerBehavior #RamadanTrends #AdCampaigns #MarketingStrategy #OnlineShopping #digitaladvertising #MENA #MiddleEast #NorthAfrica
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Lulu Hypermarket Qatar launches Mega Special Offer: Save 25% and 50% on wide range
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At the retail leadership circle last week, there was a lot of debate on this topic. Fashion cross-border ecommerce in Saudi Arabia has exploded in recent years. Sales of the likes of Shein now exceed $5Bn representing ~25% of the entire fashion market across channels. While fashion cross-border ecommerce enabled consumers to get fashionable products at very low price, it has also come at a hefty cost for the Kingdom retail sector: imagine 25% of the retail fashion revenue going abroad every year! This negative sales impact has translated into fewer jobs and GDP in the Kingdom. there is also much debate on the sustainability impact as these fashion items are imported by air and do not last long due to low quality. Finally, retailers often complain about the unfair competitive advantages that cross-border operators have in terms of not complying with product quality standards, not paying VAT or Zakat, not contributing to Saudization... What do you think? Should cross-border ecommerce be further regulated? #saudiarabia #retail #fashion #mukatafa #rlcmena24
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