Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Citymax makes heavy investment across Kingdom in first quarter  Join our daily free Newsletter

MENAFN - Arab News - 08/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN -Arab News) Citymax, a major value fashion brand, is increasing investment into the Saudi Arabian market, opening four stores in the first three months of 2014

The stores are located in Dammam and Jeddah demonstrating the span of Citymax?s extensive expansion plans for the country. The stores will provide Citymax?s range of value fashion, including womenswear, menswear, homeware and childrenswear

Aiming to have over 100 stores in #SaudiArabia by mid 2014, Citymax?s investment plans are reflective of the confidence it has in the Saudi retail sector

The country is one of the fastest growing markets for Citymax, which corresponds to the year-end report by Saudi investment firm Al-Rajhi Capital, which said retail was one of the best performing areas of the Saudi economy in 2013

The new Citymax stores will feature the new Citymax look and feel, with anupdated design and interior layout. The new stores are located in Dammam, in Qatif and Dammam Corniche, Abqaiq Mall, Aswak Al-Qariah, and in Jeddah at Max Yanbu, Sabt Al-Alaya, and Red Sea Mall. In addition to the four brand new Max stores, three existing stores in Jeddah and Dammam have been relaunched with the new layout



?Saudi Arabia is one of our most important markets for 2014 and we are looking to greatly increase our presence. The malls we have selected for Citymax represent good settings with high footfall and convenient locations for our customers. As a homegrown Middle East brand we understand our customers and always strive to provide them with ?More Fashion, More Value.? Opening 4 brand new stores in Q1 is a testament to Citymax?s commitment to developing the region and a credit to Citymax?s long term vision for the Kingdom,? said Hariharan, CEO of Citymax.

 
 


Arab News




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help