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Egypt’s huge and expanding population, urbanisation, and rising middle class all help to fuel the expansion of the retail sector. Traditional markets, small businesses, neighbourhood bazaars, supermarkets, hypermarkets, shopping centres, and e-commerce websites all make up Egypt’s retail environment. Street sellers and neighbourhood markets are examples of informal retail that are important.
Egyptian consumers have a variety of tastes. Consumers place a premium on quality, brand reputation, and convenience in addition to price and affordability. A sizable section of the population is still served by traditional markets and corner businesses. The retail industry in Egypt faces difficulties like inflation, currency volatility, and regulatory changes.
The Egypt retail market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
GMG, a worldwide wellness company that owns top brands in the sports, daily-use products, health and beauty, real estate, and logistics industries, announced its intention to launch more than 100 sports retail outlets throughout Egypt. All of Egypt’s sports brands have a lot of promise in Egypt. This fits with their distinctive retail ideas, portfolio of the greatest sports and wellness brands in the world, and expanding digital footprint.
In order to provide fresh retail experiences and encourage the development of new lifestyle habits centred on health and wellbeing, they will keep investing in this dynamic sector. With the support of a bold omnichannel approach, GMG is also eagerly investigating the country’s e-commerce potential with local distribution partners.
They are excited to announce the opening of a new location in Egypt, which begins a new phase in the plan for global expansion. It’s ready to present the nation’s sports aficionados to some of the top goods and ideas available worldwide.
Egypt offers GMG a variety of chances to interact with new partners and clients because of its extensive history, lively culture, and booming retail industry. One of the largest in the Middle East and one of the fastest expanding is the Egyptian retail industry. While developing locally sourced, quality-focused brand concepts, GMG has imported more than 120 international names into its marketplaces.
