Ukraine fights to keep the lights on as Russia hammers power plants    Sweden asks China to cooperate over severed cables    Childcare worker who abused more than 60 girls jailed for life    Indian airlines hit by nearly 1,000 hoax bomb threats    K-Pop group NewJeans split from agency in mistreatment row    Lulu opens new store in Al Fakhriyah, Dammam as it further strengthening its presence in Saudi Arabia New Lulu stores are set to open in Makkah and Madinah    Defending the Truth: Saudi Arabia and the 2034 World Cup    UNCCD COP16 will witness ministerial dialogues to address global land degradation The conference to host first dual-track dialogue on environmental issues    Culture minister visits Diriyah Art Futures    Saudi Arabia calls for enhanced international cooperation to address water sector challenges    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    RCRC Chief: Riyadh Metro, featuring environmental sustainability, will improve quality of life and revolutionize transportation    Saudi Arabia hosts over 13 million foreign residents from 60 countries, says human rights official    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Elon Musk publicizes names of government employees he wants to cut    Al-Jasser: Riyadh Metro to accommodate one million passengers daily    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Best-selling novelist Barbara Taylor Bradford dies    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Citymax plans over 100 stores in Saudi Arabia by mid-2014
Published in The Saudi Gazette on 09 - 03 - 2014

CITYMAX, the leading value fashion brand, is increasing investment into the Saudi Arabian market, with the opening of four stores in the first three months of 2014. The stores are located in Dammam and Jeddah – demonstrating the span of Citymax's extensive expansion plans for the country. The stores will provide Citymax's range of value fashion including womenswear, menswear, homeware and childrenswear.
Aiming to have over 100 stores in Saudi Arabia by mid-2014, Citymax's investment plans are reflective of the confidence it has in the KSA retail sector. The country is one of the fastest growing markets for Citymax, which corresponds to the year-end report by Saudi investment firm Al Rajhi Capital which said that retail was one of the best performing areas of the Saudi Arabian economy in 2013. The new Citymax stores will feature the new Citymax look and feel, with an updated design and interior layout. The new stores are located in Dammam in Qatif & Dammam Corniche, Abqaiq Mall, Aswak Al Qariah, and in Jeddah in Max Yanbu, Sabt Al Alaya, Red Sea Mall. In addition to the four brand new Max stores, three existing stores in Jeddah and Dammam have been relaunched with the new layout.
“Saudi Arabia is one of our most important markets for 2014 and we are looking to greatly increase our presence. The malls we have selected for Citymax represent good settings with high footfall and convenient locations for our customers. As a homegrown Middle East brand we understand our customers and always strive to provide them with ‘More Fashion, More Value'. Opening 4 brand new stores in Q1 is a testament to Citymax's commitment to developing the region and a credit to Citymax's long term vision for the Kingdom” said Hariharan, CEO of Citymax.
With a rapid growth rate and having opened over 260 stores across 16 countries in the Middle East, North Africa and India in the past ten years, Citymax has cemented its position as the market leader in the value fashion segment in KSA. The company has an annual turnover of $1.2billion and is aiming to reach a $3billion status in the next five years. Hariharan's leadership has led the brand to surpass its initial business plan and grow substantially in the value fashion segment, achievements which have culminated in being recently awarded the accolade of ‘Retail CEO of the Year' award at the 2014 Arabian Business Indian CEO of the Year Awards.
The latest Spring 2014 collection is now available in store, which includes a huge variety of on-trend ladieswear, menswear and kidswear to choose from. Known as Citymax in KSA; Max Fashions is part of Landmark Group, one of the largest retail conglomerates in the Middle East and India. It currently operates in the UAE, Saudi Arabia, Kuwait, Oman, Jordan, Qatar, Bahrain, Egypt, Sudan, Yemen, Lebanon, Nigeria, Libya, Tanzania, Iraq and India. — SG


Clic here to read the story from its source.