Riyadh – Sharikat Mubasher: Majid Al Futtaim is accelerating its expansion in Saudi Arabia’s lifestyle retail sector, announcing plans to open 13 new stores across the Kingdom in 2025, five of which are already operational.
The move will bring the company’s total store count in the Kingdom to 31, reinforcing its commitment to the Saudi market, as per a recent press release.
The expansion includes a mix of global lifestyle and luxury brands, with new stores launching in Riyadh and Jeddah. Among the latest additions are the first Saudi locations for Italian smart luxury brand Eleventy and menswear label Corneliani, which opened this month at Solitaire Mall in Riyadh. In May, Italian furniture house Poltrona Frau will open its first Saudi store at Centria Mall, marking its debut outside the UAE.
Last month, Abercrombie & Fitch and lululemon also expanded their footprint in the Kingdom with new openings in Solitaire Mall. Both brands now operate six and nine stores respectively across Saudi Arabia, with further locations slated for Jeddah later this year.
Fahed Ghanim, CEO of Majid Al Futtaim Lifestyle, said: “Saudi Arabia continues to be a core focus for our business, and our retail expansion reflects both growing consumer demand and our confidence in the market.”
Majid Al Futtaim will also introduce a new Crate & Barrel store at Riyadh’s Sahara Mall, while in Jeddah, five new outlets, including lululemon, Hollister, Eleventy, Abercrombie & Fitch, and AllSaints, will open at Jawharat Mall.
The expansion follows a strong 2024 performance for Majid Al Futtaim’s Lifestyle division, which saw a 26% increase in revenue and a 31% rise in digital sales, 22% of that growth driven by the Saudi market.
