Centrepoint Celebrates 100th Store Opening and Announces Aggressive Expansion Plans

As an avid shopper of the famous retailer in Middle East, I would like to share this good news to everyone.

·        Aims to Double Presence by 2019 and Expand Footprint to Iraq, Libya and African Countries

Dubai-UAE: 11 March, 2014 – Centrepoint, a unique retail format catering to families across the region with four leading brands from the Landmark Group under one roof, has unveiled aggressive expansion plans across the Middle East, Asia and Africa.

With 100 stores in its retail portfolio, Centrepoint is set to launch 20 stores this year and 15 stores next year across existing territories as well as new markets including Iraq, Libya and other African countries.

The announcement was made during a press meet on 11 March to celebrate the launch of the brand’s store at Al Ghurair Centre, Dubai – Centrepoint’s 100th outlet in the region.

The brand that was launched in 2005 in Kuwait currently retails four great brands under one roof - Babyshop, Splash, Shoe Mart and Lifestyle -  across Saudi Arabia, UAE, Kuwait, Oman, Bahrain, Qatar, Egypt, Lebanon and Jordan that collectively span an aggregate retail footprint of over five million square feet.

Vinod Talreja, Director, Centrepoint, said: “As an innovative, one-stop shopping concept, Centrepoint has received tremendous acceptance across all territories where it has a presence. Our success is a testimony not only to the quality of products and services we offer, but also to the practicality of having a single destination that meets the shopping needs of the entire family. With our experience of almost a decade, Centrepoint is well geared to enter new markets and explore further opportunities.”

Vinod Talreja, Director, Centrepoint  

Centrepoint has enjoyed significant success particularly in Saudi Arabia and Kuwait where the concept has evolved into a popular fashion destination for families. Saudi Arabia, top among the brand’s markets has 56 Centrepoint stores, followed by the UAE market that has 15   stores.

Simon Cooper, Head of Centrepoint, said: “Based on our exhaustive consumer research conducted in 2013 across our key markets in the GCC region, it is apparent that shoppers closely connect with the brand that Centrepoint represents. We process 35 million transactions annually. The average customer visits Centrepoint at least nine times in a year and shops for at least three of the four brands with their families. These trends are strong indicators of Centrepoint’s viability as a successful retail format.”

(Left to right) Vinod Talreja, Director, Centrepoint  and Simon Cooper, Head of Centrepoint 

Enjoying unparalleled customer acceptance, Centrepoint is poised for phenomenal growth driven by a workforce of over 10,000 trained personnel. The next five years look crucial for the brand as it consolidates existing operations and explores newer markets to widen its presence.

-ENDS-

About Centrepoint

Landmark Group launched the first Centrepoint store in Kuwait in 2005. Since then, the concept has grown to become the largest non-food retailer with an aggregate retail footprint of 5 million square feet across Saudi Arabia, the UAE, Kuwait, Oman, Bahrain, Qatar, Egypt, Lebanon and Jordan.

Each Centrepoint outlet is a large format store retailing four great brands - Babyshop, Shoemart, Splash and Lifestyle. With an extensive collection that comprises high-street fashion clothing, accessories, stylish footwear, beauty and grooming products, baby and child essentials, home decor and everything in between, Centrepoint caters to the needs of the entire family as the ultimate shopping destination.

Supported by over 10,000 personnel, the brand serves 35 million customers annually through its 100 outlets across the GCC-MENA region. Voted the UAE’s Superbrand, Centrepoint is considered among the most loved and admired retailers in the Middle East. 

Members of Landmark Group’s ‘Shukran’, the largest loyalty programme in the MENA region, collect loyalty points against every purchase made at Centrepoint outlets that can be redeemed in-store.

For more details, visit www.centrepointstores.com

Beso!