LuLu Hypermarket marks anniversary with mega sale
KUWAIT: LuLu Hypermarket, the region's leading retail chain, marks the 24th anniversary with a spectacular anniversary sale across all its stores in Kuwait with 50 percent off and unbeatable discounts on top brands and categories. The celebration kicked off on Wednesday, May 28, with LuLu's top management officially inaugurating the event with a ceremonial cake-cutting, drawing huge crowds of loyal customers and well-wishers.
As part of this milestone celebration, LuLu is offering flat 50 percent discounts on a wide selection of items across groceries (food and non-food), fresh fruits and vegetables, fish, meat, health and beauty products, mobiles, gadgets, wearables and much more.
Shoppers can enjoy a flat 50 percent off on selected brands and categories, along with daily deals on 24 exclusive products at unbelievable prices. The event also features a special Fish Fiesta and Meat Festival, perfect for food lovers. For footwear enthusiasts, the Big Brand Footwear Sale offers discounts ranging from 50 percent to 60 percent; Fashion shoppers can take advantage of a garment offer — spend 10 dinars on garments and get 50 percent off instantly.
In addition, there are massive discounts of up to 70 percent on a variety of items, including electronics, IT accessories, home appliances, home linen, household items, luggage, toys, ladies' bags, eyewear, and much more. Don't miss this limited-time shopping extravaganza packed with savings and surprises! The anniversary event not only highlights LuLu's retail strength but also reaffirms its commitment to providing high-value shopping experiences to its customers. The Management extends heartfelt thanks to the community for their ongoing support throughout the past two and a half decades.
'We are humbled and grateful for the trust our customers have placed in us over the years. This anniversary celebration is our tribute to them. We look forward to serving the community with even more dedication and innovation in the years ahead,' said a senior LuLu official. With its wide-ranging discounts and festive atmosphere, LuLu's 24th anniversary sale is expected to draw even larger crowds in the coming days. The offers are available for a limited time only at all Lulu Hypermarket branches across Kuwait.
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Kuwait Times
5 days ago
- Kuwait Times
LuLu Hypermarket marks anniversary with mega sale
KUWAIT: LuLu Hypermarket, the region's leading retail chain, marks the 24th anniversary with a spectacular anniversary sale across all its stores in Kuwait with 50 percent off and unbeatable discounts on top brands and categories. The celebration kicked off on Wednesday, May 28, with LuLu's top management officially inaugurating the event with a ceremonial cake-cutting, drawing huge crowds of loyal customers and well-wishers. As part of this milestone celebration, LuLu is offering flat 50 percent discounts on a wide selection of items across groceries (food and non-food), fresh fruits and vegetables, fish, meat, health and beauty products, mobiles, gadgets, wearables and much more. Shoppers can enjoy a flat 50 percent off on selected brands and categories, along with daily deals on 24 exclusive products at unbelievable prices. The event also features a special Fish Fiesta and Meat Festival, perfect for food lovers. For footwear enthusiasts, the Big Brand Footwear Sale offers discounts ranging from 50 percent to 60 percent; Fashion shoppers can take advantage of a garment offer — spend 10 dinars on garments and get 50 percent off instantly. In addition, there are massive discounts of up to 70 percent on a variety of items, including electronics, IT accessories, home appliances, home linen, household items, luggage, toys, ladies' bags, eyewear, and much more. Don't miss this limited-time shopping extravaganza packed with savings and surprises! The anniversary event not only highlights LuLu's retail strength but also reaffirms its commitment to providing high-value shopping experiences to its customers. The Management extends heartfelt thanks to the community for their ongoing support throughout the past two and a half decades. 'We are humbled and grateful for the trust our customers have placed in us over the years. This anniversary celebration is our tribute to them. We look forward to serving the community with even more dedication and innovation in the years ahead,' said a senior LuLu official. With its wide-ranging discounts and festive atmosphere, LuLu's 24th anniversary sale is expected to draw even larger crowds in the coming days. The offers are available for a limited time only at all Lulu Hypermarket branches across Kuwait.
Kuwait Times
21-05-2025
- Kuwait Times
LuLu celebrates Tea Day with a world of flavors
KUWAIT: LuLu Hypermarket is delighted to celebrate International Tea Day across all its outlets in Kuwait with a week-long promotion that invites customers to discover the rich and diverse world of tea. This exclusive event brings together over 150 plus premium tea varieties imported from some of the most renowned tea-producing countries, including India, Sri Lanka, South Africa, the United Kingdom, Malaysia, the USA, Canada, and more. The celebration reflects LuLu's commitment to offering global tastes under one roof, making it a true paradise for tea lovers. From the boldness of traditional black teas and the comforting spices of masala chai to soothing herbal infusions, fruity blends, and the ever-popular Karak, the range promises something to suit every palate. As a special highlight for the summer season, LuLu is also featuring a refreshing selection of iced teas to help customers beat the heat with cool, flavorful sips. Throughout the promotion, all tea ranges will be available at special discounted prices, making this the perfect time to explore new flavors or stock up on your favorites. To enhance the experience, free tea sampling stations will be set up in-store, giving shoppers the chance to taste a variety of blends before making their selections. This immersive celebration not only showcases the global love for tea but also reinforces LuLu's role as a destination for cultural and culinary experiences. Visit any LuLu Hypermarket in Kuwait during this exciting week and join us in raising a cup to the timeless tradition of tea.
Kuwait Times
15-05-2025
- Kuwait Times
Lulu Retail reports Q1 2025 revenue of $2.1 billion, up 7.3% year-on-year
Continued progress on growth strategy, opened five new stores ABU DHABI: Lulu Retail Holdings PLC ('Lulu' or the 'Company'), the largest and fastest growing pan GCC full line retailer, on Wednesday announced its financial results for the three-month period ended 31 March 2025 ('Q1 2025'). Saifee Rupawala, Chief Executive Officer of Lulu, commented: 'We are pleased to have demonstrated good growth in the first quarter of this year, with revenue up 7.3 percent YoY. This was underpinned by a combination of like-for-like sales growth, supported by strong trading during the Ramadan period, and our store rollout program, which remains well on track with five stores opened in the quarter, in line with our plan to rollout a total of 20 stores in 2025. The first quarter also saw Lulu make good progress on delivering on our overall growth strategy, supported by robust sales in Private Label and e-commerce, which remain key components of our strategy.' 'Looking ahead, we expect our growth momentum to continue as we remain focused on several initiatives under each of our four key pillars, including driving growth in existing store network, opening new stores, driving operational efficiencies and delivering further upside through our private label and e-commerce offerings. Overall, we are pleased with the performance in the first quarter, marking a good start to 2025, and we look forward to continuing to deliver on our strategy throughout the rest of the year.' Financial summary Revenue performance driven by LFL sales and new store expansion Revenue grew a healthy 7.3 percent YoY to $2.1 billion in Q1 2025 driven by LFL sales growth of 3.6 percent, supported by strong trading during the Ramadan period. The good revenue performance was also driven by new store openings and high-volume growth across certain product categories, particularly in fresh food and lifestyle products. •Fresh food category revenue grew7.9 percent YoY in the first quarter, driven by the Ramadan period, improved consumption trends. •Electrical goods category witnessed revenue growth of 29.0 percent YoY, mainly due to an increase in sales across higher value items. •Lifestyle products grew6.9 percent YoY despite pressure as customers opted for more value products. •Consumer Packaged Goods (CPG) sales grew steadily at 1.4 percent YoY, with the sales increase mainly driven by strong volume growth, which was partly offset by some pricing pressure as a result of promotional campaigns. •E-commerce remains an important component of Lulu's growth strategy, with sales +25.3 percent YoY and customer count +26.1 percent YoY. Segment revenue performance driven by growth across all markets Lulu delivered revenue growth across all segments in Q1 2025, with particularly strong performances in KSA and Oman. •The UAE, Lulu's largest market, recorded a mid-single digit revenue increase of 5.2 percent YoY, led by particularly strong performance in the fresh food segment, which grew 15.6 percent YoY. This was further supported by strong e-commerce sales in the UAE which saw robust growth, rising 40.1 percent YoY, supported by an increase in sales through aggregators. •In the Kingdom of Saudi Arabia, revenue rose by 10.3 percent YoY, primarily driven by new store openings in last 12 months and strong LFL growth. Other key markets also delivered solid results in Q1 2025, with revenue in Oman increasing 7.8 percent YoY as a result of strong growth in the electrical goods product category, Qatar up 6.7 percent YoY following a good trading period during festive season, and Kuwait up 4.8 percent YoY, with supermarket sales contributing c.50 percent of overall growth in the region, further supported by a strong uptick in e-commerce sales. Profitability margins supported by cost efficiencies amidst promotional activity Gross profit increased 4.0 percent YoY to $464.5 million, with gross margins reaching 22.3 percent in the period, down 70 basis points compared to the prior year. This margin reduction was mainly due to promotional campaigns to drive higher footfall into Lulu stores during the festive period. EBITDA grew 6.4 percent YoY to $214.1 million, supported by improved operational cost efficiencies, which helped offset the lower gross margin. As a result, Q1 2025 EBITDA margin remained broadly stable at 10.3 percent compared to 10.4 percent in Q1 2024. On a post-lease expense basis, EBITDA margin improved by approximately 8 bps, reflecting Lulu's continued operational discipline. Net profit increased by 15.8 percent to $69.7 million, with net profit margins improving by 25 basis points as a result of stronger EBIT margin and lower interest expense, despite higher taxes in the period. Robust balance-sheet During the quarter, net debt decreased to $2.3 billion, with net debt/EBITDA improved from 3.2x in December 2024 to 2.9x at the end of Q1 2025. Excluding lease liabilities, leverage improved from 1.3x to 0.9x over the same period. Strategic progress Lulu continues to make good progress on delivering on its growth strategy, having rolled out five new stores in the period, delivered good LFL growth within its existing stores and also benefitting from further upside opportunities across Private Label and e-commerce sales. During Q1 2025,Lulu opened two hypermarkets and three express stores, adding 22,339sqm of retail space in the period, with the Company's total retail space up 2 percent to 1.34 million sqm, as at the end of Q1 2025. Within this, Lulu was pleased to open a 10k+sqm hypermarket in Makkah and an express store in Madinah, two uniquely located stores with high footfall given the proximity to religious landmark cities in KSA. In addition to the two stores in KSA, Lulu also opened two express stores in the UAE, alongside a Hypermarket in Bahrain. Lulu remains on track with its store roll out plans, with the Company expending to open a total of 20 stores in 2025, with the remaining 15 stores expected to open over the course of the year. Lulu is also pleased to have signed a Memorandum of Understanding (MoU) with The Endowment and Minors Trust Foundation (Awqaf Dubai) for the development of a group of retail stores as part of Dubai's endowment projects. Under the partnership, Lulu will collaborate with Awqaf Dubai on upcoming community projects to develop shopping facilities that will better serve and enhance the retail experience of residents and visitors, while also contributing to Awqaf's broader social and economic objectives. Following the successful roll out of its loyalty program across all regions in 2024, Lulu's Happiness Loyalty program continues to see good momentum in new members, having added c.904k new members in Q1 2025. Lulu now has a total of c.6.3 million loyalty members enrolled onto the program compared to the c.5.5 million at the end of 2024, with the loyalty program linked to c.65 percent of sales.
