Centrepoint to open 35 outlets in two years

Centrepoint has unveiled aggressive expansion plans across the Middle East, Asia and Africa. With 100 stores in its retail portfolio, Centrepoint is set to launch 20 stores this year and 15 stores next year across existing territories as well as new markets, including Iraq, Libya and other African countries.
The announcement was made during a press meet on Tuesday to celebrate the launch of the brand’s store at Al Ghurair Centre, Dubai — Centrepoint’s 100th outlet in the region.
Centrepoint has enjoyed significant success particularly in Saudi Arabia and Kuwait where the concept has evolved into a popular fashion destination for families. Saudi Arabia, top among the brand’s markets, has 56 Centrepoint stores, followed by the UAE market that has 15 stores.
The brand that was launched in 2005 in Kuwait currently retails four brands under one roof - Babyshop, Splash, Shoe Mart and Lifestyle - across Saudi Arabia, the UAE, Kuwait, Oman, Bahrain, Qatar, Egypt, Lebanon and Jordan that collectively span an aggregate retail footprint of over five million square feet.
“Our success is a testimony not only to the quality of products and services we offer, but also to the practicality of having a single destination that meets the shopping needs of the entire family,” said Vinod Talreja, director of Centrepoint.
Simon Cooper, head of Centrepoint, said: “We process 35 million transactions annually. The average customer visits Centrepoint at least nine times in a year and shops for at least three of the four brands with their families. These trends are strong indicators of Centrepoint’s viability as a successful retail format.”