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Strong Growth on the Cards for BFL Group

The UAE-based Brands For Less (BFL) Group predicts strong growth in Qatar’s retail market and for its own business in the first quarter of this year.

The brand launched two sites in Qatar last year amid huge developments and global events. Ever since, the business has advanced significantly due to the rise in footfall in outlets which has had a positive impact on sales.

“As part of our expansion plans for 2022 we have successfully opened a number of stores across the GCC in countries like Saudi Arabia, Kuwait, Oman, and Qatar. Due to the growing retail market and the magnified economy brought on by the mega events that were taking place in the country, Qatar stood out as an ideal location for business growth,” said Toufic Kredieh, CEO and Co-Founder of BFL Group. “Given Qatar’s exceptional performance in retail sales, which reached $18.5bn in 2022, we are confident that Q1 of 2023 will remain strong and attract more customers. It is also anticipated that more retail businesses will emerge in 2023, owing to the recent exposure the country has received. With our innovative concepts, client-centred services and products from various brands we are well-positioned to ensure success in the country.”

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