MSHA M&S Middle East Expansion Flagship Beauty Salon
< p > > a href= "http://sjfzxm.com//business/" > British < /a > chain store retailer Marks Spencer Group PLC (MKS.L), Marsha general merchandise, Middle East market partner, Saudi Arabia real estate and franchised retailer, and the company of the company, the company, said that it will expand the MSHA department store in the middle East market, including stationing in Azerbaijan and expanding in Saudi Arabia.
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Simon Marshall, chief executive officer of P Alhokair Fashion Retail, said that M&S has proved its attraction to consumers. Alhokair Fashion Retail is committed to rapidly expanding its brand in the Middle East market, increasing profit growth for its core business and creating new store concept.
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< p > > a href= "http://sjfzxm.com//business/" > Alhokair < /a > Fashion Retail announced the plan in the first quarter earnings report recently. As of the first quarter of June 30, 2014, the Alhokair Fashion Retail net profit was recorded at 191 million 200 thousand Saudi Arabia rial, 15.74% higher than the 165 million 200 thousand Saudi Arabia rial in the same period last year, and the gross profit margin was 441 million 700 thousand 441 million 700 thousand Saudi Arabia rial, up 339 million 600 thousand from Saudi Arabia rial in the same period last year; operating profit recorded 215 million 800 thousand; Saudi Arabia rial increased 175 million 100 thousand over the same period last year.
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After the opening of the first Marsha M&S underwear and beauty store in March 2014, Alhokair Fashion Retail plans to add 10 new stores to the market by April 2015. It is expected that two new stores will be opened in Jida and September in Riyadh in August, and two new underwear and beauty shops will be added in Jeddah and Medina in the autumn, and 6 M&S underwear and beauty shops will be added before the end of the fiscal year. P
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< p > < < a href= > http://sjfzxm.com//business/ > > Marsha /a > department store M&S new store in Azerbaijan. Alhokair Fashion Retail will be located Baku Mall, and the first store of 1700 square meters is expected to open in autumn 2014.
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Mark Koprowski, regional director of the Middle East and CIS market of Marsha general M&S, said that the franchise partners have always been the core of the group's international growth. Alhokair Fashion Retail, the largest retailer in the Middle East, will bring more fashionable and high quality products to consumers in the region.
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P, M&S, also said it was seeking partners for the Chinese market, but said it would remain in control.
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