New 2,500sqm outlet opened at Fayfa Avenue in Jeddah
BinDawood Holding, one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia, announced the opening of a new Danube store in Jeddah.
The launch of this store marks Danube’s expansion to 47 locations across Saudi Arabia, in line with the brand’s growth strategy and the demand for modern grocery retailing in the Kingdom.
With the latest addition of Danube Fayfa Avenue, the company has opened five new grocery retail stores as at end of 2020; 47 of which are Danube stores and 27 are BinDawood stores. The Group’s portfolio now stands at 74 stores strong, a corporate press communiqué revealed. .
Danube has seen considerable growth in sales, reporting an increase of 23.5% as at 9M-2020, due to pantry stocking during the pandemic, continued availability of stock (including premium products) and large layout of stores conducive to social distancing.
Our latest Danube store has been built and designed in line with current industry and macro trends with the view to effectively meet our customers’ expectations now and in the years to come,” commented Ahmad AR. BinDawood, CEO, BinDawood Holding.
