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Lulu, the largest pan-GCC retailer, plans 50 new stores in the GCC over three years, boosted by strong 2025 revenue and e-commerce growth.
Lulu, the largest pan-GCC retailer, plans to open 50 new stores across the UAE, Saudi Arabia, and other GCC nations within three years, building on six new openings in Q3 2025.
The company reported $6 billion in revenue for the first nine months of 2025, a 4.7% year-over-year increase, with e-commerce revenue soaring 32.4% in Q3.
Private-label sales rose 6.4%, and net profit grew 7.5%.
Lulu is shifting to smaller store formats and expanding its online platform amid rising demand for value and digital shopping.
The company maintains a stable balance sheet with net debt of $2.6 billion.
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Lulu, el minorista pan-GCC más grande, planea 50 nuevas tiendas en el CCG durante tres años, impulsado por fuertes ingresos en 2025 y crecimiento del comercio electrónico.