Ten new Brands For Less stores announced as part of 2021 expansion plan across GCC
Brands for Less (BFL) Group recorded a 56 per cent growth in its online sales during the first four months of 2021, compared to 38 per cent in the same period in 2020, following its positive growth in revenue last year, which translates to an annual increase of 38 per cent.
The Group ramped up investments in e-commerce activities to fuel the brand’s next growth phase, marked by their accelerated digital transformation in terms of technology and robotics throughout the last 12 months. Its investment in e-commerce reached to AED 44 million in 2020, bolstering its digital transformation efforts which were initiated even before the pandemic began. The company also partnered with IQ Robotics to install over 160 robots to help it boost processing of 150,000 items every day and record faster turnaround times.
BFL Group is currently developing a fulfilment center dedicated solely for its online orders to further support its e-commerce business and to keep pace with the rising demand from online customers. The new facility is set to further drive the company’s revenue and online business growth. The state-of-the-art e-commerce fulfilment facility is being built on more than 30,000 sqm of land to be launched by the end of H1 as BFL Group prepares to go global.
Yasser Beydoun, Co-Founder and Managing Partner of BFL Group, said: “The pandemic brought forth new realities to almost every aspect of our personal and professional lives. We had no other choice but to navigate this new normal and adjust ourselves to these changes and realign our strategies. The same is applied to our business goals after the pandemic struck, and instead of giving in to all the doom and gloom around, we saw it as an excellent opportunity to turn our attention to online sales.”
BFL group launched more than 12 stores in the UAE during 2020 and is set to launch more than 10 stores in the country as part of its 2021 expansion plan. Out of the 10 upcoming stores in the UAE, five are in Dubai, three in Abu Dhabi, one in Sharjah, and one in Ras Al Khaimah. Beyond the UAE, BFL has also started exploring new markets such as Kuwait and Oman and will launch new outlets in the mentioned countries soon. Furthermore, the group will expand its presence in Malta with the addition of four branches by the end of 2021. The success of its expansion measures confirms that this year is indeed a year of exceptional growth for the group.
