SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
  
Brands For Less marks Entry to Saudi Market with Opening of New Store
 
Brands For Less marks Entry to Saudi Market with Opening of New Store

June 08, 2022:  Brands for Less (BFL) Group, one of the leading off-price and multi-brand retailers, has debuted its first store in Saudi Arabia, officially marking its entry into one of the MENA region’s biggest markets with a fast-growing retail industry. 

Located near Exit 6 Road, the new Saudi Arabia store is BFL’s first step towards building a strong presence in the Kingdom. It will also sustain the momentum of BFL’s rapid expansion in the region. 


This latest development comes amid immense developments in the Saudi Arabian retail market. The sector’s continuous growth is attributed to the country’s young population and increasing broadband and smartphone penetration rate. 
Euromonitor forecasts that Saudi Arabia’s retail industry will expand by about 20 per cent this year, while the value of e-commerce is seen to more than double. To date, Saudi Arabia’s e-commerce segment accounts for 3.8 per cent of the total local retail business. 
BFL, which aims to meet the domestic demand for unique but affordable fashion, also targets to create a robust presence in the local e-commerce industry. BFL opened its easy-to-navigate e-commerce platform to maximize the growth prospects in the industry.


Toufic Kreidieh, Co-Founder and CEO of the Brands For Less Group, said: “Opening a store in Saudi Arabia, one of the region’s major markets, is an incredible achievement for our brand. It is in line with our expansion plan covering key markets across the Middle East. The Kingdom of Saudi Arabia promises significant growth opportunities and joining the Saudi retail market is a strategic move, as it takes place amid the rising demand for branded clothes offered at discounted prices. The demand is influenced by the changing lifestyle of customers in Saudi Arabia. Moreover, we also take note of Saudi Arabia’s booming e-commerce industry. It gives us a venue to strengthen further our e-commerce business.” 

 

BFL is a retail brand that provides an exciting treasure hunt experience and exclusive prices on apparels from more than 3,000 brands. It keeps its customers in the loop about the newest fashion trends and the latest offerings of its stores. Customers in Saudi Arabia will now get to experience BFL’s creative concepts, with its newly opened outlet. The company’s MENA expansion strategy is in keeping with its goal this year to widen its market reach and address modern customer needs. 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 8241 times
PR Category : Real Estate & Retail
Posted on : Wednesday, June 8, 2022  2:48:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : Joud Lounge Opens at Al Faisaliah, Riyadh
Next Story : voco Riyadh Wins ‘Best Business Hotel in Riyadh' Award for S...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
It's Your Story, Wear it your Way [9151-Views]
Perfect Matches, For You and Your Pets [7060-Views]
Meet the New Pandora Muses [6696-Views]
TBO Holidays Announces ‘Winner' of Mega Promotional Campaign for Travel Agents [5251-Views]
Twitter rolls-out testing of most requested update: The Edit Button [5144-Views]
Twitter Introduces Greater Control and Personalisation of the Platform with Twitter Circle [3945-Views]
Legally Blind Man See Hope Through the World's Largest LEGO® Eyeglasses [3521-Views]
Gift of Umrah made seamless through Zamzam and Merit Incentives Partnership [3477-Views]
Lenovo Group: First Quarter Results 2022/23 [3059-Views]
Your Signature Style with Pandora [2952-Views]
Arab Achievements In The New Guinness World Records 2023 Book Revealed [2807-Views]
July Passenger Demand Remains Strong [2480-Views]
Time On Mars [2317-Views]
Pandora Reveals First Ever Art Collaboration With Keith Haring X Pandora [2273-Views]
Lincoln Model L100 Concept Signals the Brand's Future Vision; Explores Reimagined Space for Personal... [1938-Views]
Cartier Announces Deepika Padukone As An Ambassador [1843-Views]
The First-ever BMW XM. [1768-Views]
HONOR Unveiled the Iconic HONOR 70 5G, Delivering Industry's First Solo Cut Vlog Mode and Exceptiona... [1608-Views]
Saudi Infrastructure Expo to debut September, Unlocking Opportunities in Saudi Arabia's US$300bn Inf... [1367-Views]
Wizz Air Announces Major Expansion in Saudi Arabia [1334-Views]
 
RSS Facebook Twitter LinkedDin SaudiArabiaPR.com on Instagram
 
Top Sections
 
Top Stories