Latest news with #Spinneys'
Web Release
21-05-2025
- Business
- Web Release
'The Green Festival' at Spinneys: Students and Environmental NGOs Plant Seeds of Hope for a Sustainable Future
Spinneys strongly believes in the power of the new generation to shape a more sustainable future. On Tuesday, May 13, and Wednesday, May 14, 2025, Spinneys organized 'The Green Festival' at its Hazmieh branch. The event brought together several environmental NGOs and over 400 students from various schools to raise awareness about the importance of environmental protection and promote nature-friendly, sustainable practices. The festival offered an engaging and educational atmosphere, serving as an open space for students and NGO representatives to exchange ideas and experiences. A series of awareness activities introduced essential concepts such as sustainability, recycling, and waste management. Students had the chance to interact directly with environmental experts and learn about reusing containers, paper recycling, transforming e-waste into useful tools, and planting in recycled containers. On the occasion, Ralf El Kahe, Chief Marketing Officer at Spinneys, stated: 'With every new edition of this festival, we become more convinced that engaging students in such initiatives is the most effective way to embed sustainability values in our communities. We remain committed to supporting environmental efforts that foster positive change for individuals and society alike, while helping Lebanon align with the eco-friendly practices of leading countries.' The festival concluded with the distribution of symbolic eco-friendly souvenirs, allowing students to take home a meaningful experience filled with practical knowledge and sustainable habits they can implement and share within their families and communities. The participation of environmental NGOs played a key role in the success of the event by delivering informative and hands-on content that made environmental awareness both accessible and interactive. 'The Green Festival' is part of Spinneys' ongoing environmental initiatives launched years ago to encourage eco-consciousness among individuals and institutions. Spinneys has been a pioneer in this field, adopting sustainable solutions such as replacing plastic bags, using biodegradable shopping carts and baskets, and printing reusable promotional materials. Through such efforts, Spinneys continues to reinforce its leadership in supporting both the environment and society, with a clear vision of building a greener future for generations to come.
Arabian Post
13-05-2025
- Business
- Arabian Post
Spinneys Sees Strong Q1 2025 Profit Surge Amid Expansion Drive
Supermarket operator Spinneys reported a 14% year-on-year increase in net profit for the first quarter of 2025, reaching AED 85 million , buoyed by new store openings and a significant uptick in online sales. Revenue for the quarter climbed over 11% to AED 906 million, reflecting the company's strategic expansion and digital initiatives. The Dubai-based retailer, which went public on the Dubai Financial Market in 2024, attributed its robust performance to the launch of three new stores and a continued focus on enhancing its e-commerce platform. The company has been actively expanding its footprint, with plans to open 10 to 12 new stores across the UAE and Saudi Arabia by the end of the year. Spinneys' entry into the Saudi market marks a significant milestone in its regional growth strategy. The company inaugurated its first store in Riyadh's La Strada Yard, receiving an exceptional response from customers. CEO Sunil Kumar highlighted the strong demand in the Kingdom, stating that the early performance reinforces a positive outlook for Spinneys in Saudi Arabia. The retailer plans to open additional stores in Riyadh's King Abdulaziz Financial District and other locations before the end of 2025. The company's e-commerce segment has also shown impressive growth. Online sales increased by 21.7% year-on-year, surpassing AED 217 million in the first half of 2024. E-commerce now accounts for 14% of Spinneys' total revenue, driven by the launch of the Spinneys Swift app, which offers hyperlocal delivery services. The app's 60-minute delivery service has been piloted in key locations, with plans for a broader rollout across the UAE. See also Foreign Investors Flock to Gulf Markets Amid Economic Reforms Spinneys' strategic focus on premium grocery segments has positioned it well in the GCC's evolving retail landscape. The company's target market, comprising affluent households, is growing faster than the broader grocery sector. In the UAE, this segment is projected to expand at a compound annual growth rate of 4.4% from 2022 to 2028, while in Riyadh and Jeddah, the growth rate is expected to be 6.7%. The retailer's commitment to quality and innovation is evident in its product offerings and store concepts. Spinneys has introduced 'The Kitchen, by Spinneys,' a food hall concept in Dubai Mall, offering fresh meal solutions with margins exceeding traditional grocery retail. The company plans to open more locations of this concept in the UAE, catering to the growing demand for convenient and high-quality dining options. Financially, Spinneys maintains a strong position. The company reported a 9.9% increase in revenue to AED 1.6 billion in the first half of 2024, with a net profit of AED 146 million, up 15.2% year-on-year. Despite the introduction of a 9% corporate tax in the UAE, Spinneys has continued to deliver solid financial results, supported by efficient sourcing, supply chain management, and a successful private label strategy.
Arabian Business
31-03-2025
- Business
- Arabian Business
Spinneys in Saudi Arabia: Supermarket chain expands in Riyadh and Jeddah, targets 12 stores by 2028
Spinneys is expanding in Saudi Arabia as it opens new supermarket stores in Riyadh and Jeddah. Cenomi Centres and Spinneys have announced the signing of leases for new Spinneys locations across Saudi Arabia and target 12 stores in the Kingdom by 2028. These include U-Walk Riyadh and U-Walk Jeddah locations, with U-Walk Jeddah bringing Spinneys to the city for the first time. The new stores are expected to open in Q4 2025. Spinneys in Saudi Arabia Founded in 1961 when its first store opened in Dubai, Spinneys' GCC business has since grown to become one of the leading premium grocery retailers in the region, with 80 stores (including Waitrose) across the UAE, Oman and Saudi Arabia. Spinneys will offer customers in Riyadh and Jeddah an exciting new option for purchasing food and groceries in store and online. U-Walk Riyadh and U-Walk Jeddah are two of Cenomi Centres' leading retail and lifestyle destinations and Spinneys is the latest brand to become part of these popular destinations. Alison Rehill-Erguven, CEO, Cenomi Centres, said: 'Having Spinneys secure the leases for new locations in our Jeddah and Riyadh U-Walks is an exciting development and one sure to appeal to the thousands of locals and tourists visiting the U-Walks every week. 'Spinneys' new stores will serve as welcome additions to Cenomi Centres' U-Walks in both cities and we look forward to bringing Spinneys to other Cenomi Centre locations in the future.' Sunil Kumar, CEO of Spinneys, said: 'After the resounding success of our first two stores in Riyadh, we are delighted to be preparing to launch two new locations, one in Riyadh and another in Jeddah, where we are opening in the city for the first time. 'While both Riyadh and Jeddah have been priority cities for our Saudi business plan for some time, we've been impressed by the volume of customer requests for us to open in Jeddah since launching our first location in the capital. 'This is a very exciting time for Spinneys in Saudi Arabia, as we look to meet growing demand for our unique premium offering.' Both new Spinneys locations will feature an extensive selection of bakery products, meats and meal solutions produced on-site, with in-house production capability critical to Spinneys' commitment to the freshness and quality that it is known for in other locations.
Zawya
18-03-2025
- Business
- Zawya
Cenomi Centers to host Spinneys in Riyadh and Jeddah, further expanding presence in Saudi Arabia
Spinneys is one of the best-known and most-loved premium grocery retail operators in the GCC with extensive brick-and-mortar and online offerings Cenomi Centers is proud to welcome the iconic brand to its portfolio, with U-Walk Riyadh and U-Walk Jeddah further expanding Spinneys' footprint in Saudi Arabia – including its first location in Jeddah. Riyadh, Saudi Arabia: Cenomi Centers, the leading owner, operator and developer of retail and lifestyle destinations in Saudi Arabia, and Spinneys, the leading premium fresh food retailer, today announced the signing of leases for new Spinneys locations across Saudi Arabia. These include U-Walk Riyadh and U-Walk Jeddah locations, with U-Walk Jeddah bringing Spinneys to the city for the first time. The new stores are expected to open in Q4 2025. Founded in 1961 when its first store opened in Dubai, Spinneys' GCC business has since grown to become one of the leading premium grocery retailers in the region, with 80 stores (including Waitrose) across the UAE, Oman and Saudi Arabia. Widely recognised for the breadth and quality of its fresh produce, Spinneys will offer customers in Riyadh and Jeddah an exciting new option for purchasing food and groceries in store [and through online channels]. U-Walk Riyadh and U-Walk Jeddah are two of Cenomi Centers' leading retail and lifestyle destinations and Spinneys is the latest brand to become part of these popular destinations. The centers already boast Saudi Arabia's most popular shopping, dining and entertainment brands, built with indoor retail boulevards, dedicated leisure districts and open-air promenades. Alison Rehill-Erguven, CEO, Cenomi Centers, said: 'Having Spinneys secure the leases for new locations in our Jeddah and Riyadh U-Walks is an exciting development and one sure to appeal to the thousands of locals and tourists visiting the U-Walks every week. Spinneys' new stores will serve as welcome additions to Cenomi Centers' U-Walks in both cities and we look forward to bringing Spinneys to other Cenomi Center locations in the future.' Sunil Kumar, CEO of Spinneys, commented: 'After the resounding success of our first two stores in Riyadh, we are delighted to be preparing to launch two new locations, one in Riyadh and another in Jeddah, where we are opening in the city for the first time. While both Riyadh and Jeddah have been priority cities for our Saudi business plan for some time, we've been impressed by the volume of customer requests for us to open in Jeddah since launching our first location in the capital. This is a very exciting time for Spinneys in Saudi Arabia, as we look to meet growing demand for our unique premium offering – tailored to local tastes while providing all the fresh food options that are loved by our customers from around the world.' Both new Spinneys locations will feature an extensive selection of bakery products, meats and meal solutions produced on-site, with in-house production capability critical to Spinneys' commitment to the freshness and quality that it is known for in other locations. Spinneys has a well-advanced store pipeline with further openings planned in Riyadh and Jeddah, the Kingdom's most affluent and populous cities, and expects to have opened as many as 12 stores in Saudi Arabia by 2028. -Ends- About Cenomi Centers: Cenomi Centers is the leading owner, operator and developer of contemporary lifestyle centers in Saudi Arabia. For over two decades, the company has provided customers with a complete range of high-quality lifestyle centers up to international standards, located in the most attractive areas of the country to satisfy all shopping needs and market requirements. Today, Cenomi Centers has a portfolio of 22 assets, with over 4,500 stores strategically located in 10 major Saudi cities. The Company's developments include several iconic lifestyle centers, such as Mall of Arabia Jeddah, U Walk Jeddah, Mall of Dhahran, and Nakheel Mall Riyadh, a consumers' favorite in Riyadh. With a total GLA of 1.4 million square meters, the company's malls provide Saudi shoppers with their preferred point of access to the full range of international, regional and local retail brands. For more information about Cenomi Centers, please visit About Spinneys: Spinneys' story started in 1961 when the first grocery opened in Al Nasr Square, Dubai. It has since grown to become the leading premium fresh food retailer in the region, with 80 stores (69 owned and 11 under operation services agreement, including Waitrose) across the UAE, Oman and Saudi Arabia. Much loved by expats and locals in the region, Spinneys enjoys a well-deserved reputation for forward thinking, keeping pace with changes in cooking trends and the emergence of new products worldwide. Today, Spinneys has built a name for supplying top-quality produce and offering an elevated level of customer service. Food quality, safety and freshness have always been at the forefront of the Company's ethos – just one reason the Spinneys brand is defined as 'The fresher experience'.
