Spinneys Opens New Store in Ain Sukhna as Part of Expansion Drive
The expansion comes as Spinneys continues to grow its presence in Egypt's retail sector despite economic challenges. The company now operates in ten governorates and plans to open six more stores by the end of the fiscal year in June.
Spinneys CEO Mohanad Adly said the new store reflects the companys commitment to broadening its reach.
With this expansion, we added our 10th governorate to the existing network, which exemplifies our commitment to growth in the Egyptian market and underscores our vision to become the preferred destination for grocery shopping nationwide, he said.
Spanning approximately 1,400 square meters, the Ain Sukhna store offers more than 20,000 stock-keeping units (SKUs), including 2,500 private-label products under the Spinneys brand. The company says its private-label range is priced around 25% lower than mainstream brands. The EGP 70 million investment in the store has also created more than 70 jobs.
Customers in Ain Sukhna can shop in-store or place orders online via the Spinneys website, mobile app, or hotline. The company, which first entered the Egyptian market in 2006, has been steadily expanding, with plans to open a total of eight stores in the 2024-25 fiscal year and another seven the following year.
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