Achieving largest Gulf expansion to date
Further growth plans announced with 47 store openings in pipeline for 2015
Gulf Marketing Group (GMG), one of the Middle East’s leading holding companies, today announced it has achieved its largest expansion to date, with 42 new store openings across the Gulf in 2014.
Since the beginning of 2014, GMG has successfully launched 38 new outlets for its flagship brand Sun & Sand Sports, opened three new Good Health stores and added one Super Care Pharmacy to its extensive regional portfolio, cementing the company’s position as one of the the largest independent retailers in the Gulf region.
“2014 has been a fantastic year for GMG, marking the most significant growth period in the Group’s nearly 40-year history,” commented Mohammad A Baker, Deputy Chairman and CEO, GMG. “With 42 new store openings across the Gulf, we have continued to expand our regional footprint and respond to the growing market and customer demands. Our success this year puts GMG on a robust growth path as we continue to work towards achieving our long-terms business goals.”
GMG’s extensive growth this year has been driven by continued business development in established regions such as Saudi Arabia and the UAE, as well as entry into new markets. Over the past year, GMG has opened its first Sun & Sand Sports outlet in Kuwait and launched Nike Yas – the first and largest multi-category brand experience Nike store in the Middle East.
The Group is set to continue on this growth trajectory in 2015 with another 47 new store openings already in the pipeline across its core retail divisions, Sun & Sand Sports, Good Health and Supercare Pharmacy. 2015 will also see the launch of Middle East’s first Sun Coast outdoor furniture store, further expanding GMG’s presence in the region and across sectors.
“With a highly diverse portfolio of brands and services, GMG works across some of the most dynamic and lucrative sectors including sport, food, healthcare, and real estate,” added Mr Baker. “This, coupled with the continuously robust performance of the Gulf retail sector, puts GMG in the perfect position to continue its ambitious expansion in 2015 and beyond.”