Latest news with #MohanadAdly
Daily News Egypt
30-06-2025
- Business
- Daily News Egypt
Spinneys Opens A New Store in Hurghada
Spinneys, one of Egypt's largest and leading grocery retail chains, today announced the opening of its new store in the residential Al-Kawthar district of Hurghada. This marks Spinneys' third store in the city after the successful operation of its Senzo Mall hypermarket and Dahar district supermarket previously. The new Hurghada store is also Spinneys' 33rd overall across 11 governorates nationwide. With a total gross area of 900 sqm, the Al-Kawthar store is situated in a high income residential neighborhood characterized by its strong purchasing power. It delivers Spinneys' renowned quality across fresh produce, groceries, and home essentials. Capital and operational investments in the new branch total EGP 50 million, covering advanced cold-storage and refrigeration facilities as well as flexible merchandising systems that ensure ease of movement and an enhanced shopping experience. Shoppers will find more than 9,000 SKUs spanning fresh foods, meat, dairy, grocery, and home-ware departments. The store also offers home delivery service via Spinneys' website and mobile app, catering to both residents and tourists. This opening underpins Spinneys' ambitious expansion plan for the Egyptian market: the retailer has launched four new branches since the beginning of the year and will inaugurate a fifth store next week in Sahl Hasheesh, with five additional openings scheduled before the end of 2025. Commenting on the launch, Mohanad Adly, CEO of Spinneys Egypt, said: 'We're proud to welcome Al-Kawthar as the latest addition to our growing network in Egypt. This investment underscores our commitment to meeting the evolving needs of Egyptian consumers with the highest standards of quality and service. We believe that strengthening our store footprint and digital services will help further elevate the shopping experience for customers who have an affinity for quality and value'. The new Spinneys store opening reflects Spinneys' commitment to the Egyptian market and represents a good example for sustainable growth, leveraging modern technology at every stage of the customer journey to support Egypt's economic and tourism development.
Daily News Egypt
17-02-2025
- Business
- Daily News Egypt
Spinneys Opens New Store in Ain Sukhna as Part of Expansion Drive
Supermarket chain Spinneys has expanded its footprint in Egypt with the opening of a new store in the coastal resort town of Ain Sukhna. The store, which officially opened on Sunday, marks the company's 31st branch and its first in the Red Sea governorate. 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.
Daily News Egypt
17-02-2025
- Business
- Daily News Egypt
SPINNEYS EXPANDS AND REACHES THE COASTAL RESORT TOWN OF AIN SUKHNA
Spinneys, one of the leading supermarket chains providing quality products and services across Egypt, proudly announced the opening of its 31 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.
Egypt Today
16-02-2025
- Business
- Egypt Today
Spinneys Expands and Reaches the Coastal Resort Town of Ain Sukhna
Spinneys, one of the leading supermarket chains providing quality products and services across Egypt, proudly announced the opening of its 31st 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 31st 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 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.' 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 or via the Spinneys hotline 16005. They can also use the Spinneys mobile application available for Android and iPhone, benefiting from exclusive online offers and a generous loyalty program. 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.
