Supermarket giant Carrefour has set itself a target to open 50 stores in total throughout the year.
Following on from news we brought you yesterday regarding MAF opening its largest Carrefour fulfilment centre, it has been announced that Majid Al Futtaim are planning to open an additional 15 Carrefour stores across the GCC by the end of 2020.
Hani Weiss, CEO, Majid Al Futtaim – Retail, told Arabian Business that the openings will include hypermarkets, supermarkets and small format convenience stores and will be concentrated in the UAE, Oman, Bahrain and Saudi Arabia.
Outside the GCC region, more stores are planned to open in Egypt, Uzbekistan and Eastern Africa.
Weiss said: “We’ve seen Covid-19 impacting all sectors, but I would say the retail business, unlike other sectors where we have seen a major decline in business, here we have seen a major increase in demand, especially when it comes to grocery.”
Majid Al Futtaim holds the exclusive franchise rights to operate Carrefour in over 30 countries and currently operates around 300 Carrefour stores in 16 markets.
