SPINNEYS EXPANDS AND REACHES THE COASTAL RESORT TOWN OF AIN SUKHNA
st
store on Sunday February 16. The new store is located in the coastal resort town of Ain Sukhna by the Red Sea. This is the first Spinneys store opening in 2025 and it marks another milestone in the company's journey towards nationwide expansion.
The new branch promises to deliver a diverse range of high-quality products along with an unparalleled customer experience to local residents as well as vacationers. With the opening of this latest branch, the company reaffirms its commitment to serving different communities across Egypt.
'As we inaugurate our 31
st
store, we are proud to be able to provide convenient access to premium quality products and services to customers in a new governorate in which we had no presence before,' said Mohanad Adly, CEO of Spinneys Egypt. 'With this expansion, we added our 10
th
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.'
Despite some of the economic challenges facing Egypt recently, Spinneys has been making steady strides to expand the underdeveloped retail sector, aiming to reach consumers all around Egypt with its unique model offering a diverse range of FMCG, fresh food and general merchandise items. Looking ahead, the company remains steadfast in its expansion efforts, aiming to open another 6 branches before the end of the fiscal year in June.
Spanning approx. 1,400 m2, the new store offers more than 20,000 SKUs including 2,500 private label essential products under the Spinneys name. The Spinneys products typically offer reliable quality at more affordable prices, with an average discount of 25% compared to mainstream brands. The investment in the new store amounted to approximately EGP 70 million and created more than 70 new job opportunities.
In addition to the unrivalled shopping experience that Spinneys provides to Sukhna locals and vacationers, customers can conveniently place orders through the delivery platform by ordering online at
Spinneys established itself as a household name in Egypt since its introduction to the market in 2006. Since then, the company created thousands of employment opportunities through its now 31-store strong network. After the successful launch of 2 stores so far this fiscal year, Spinneys plans to open a total 8 new stores in FY24/25 with plans to add another 7 stores next year.
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