Landmark Group has announced a $1 billion investment to expand its footprint in the Gulf, India and South-East Asia and increase the group’s retail presence by 20% by 2028.
Over the next three years, the group plans to open 400 new stores, alongside investments in e-commerce, supply chain and technology, aiming to boost its current $7 billion annual revenue. The plan includes introducing its grocery brand, VIVA, to Saudi Arabia in 2025 and launching Babyshop in four Indian cities by the end of 2024.
Commenting on the planned expansion, Renuka Jagtiani Chairwoman of Landmark Group, attributed the Group’s growth to its people and partners.
“We are deeply committed to serving our customers through our own brand portfolio by offering relevant products and value,” Jagtiani said. “Physical stores remain a vital part of the retail experience, and we continue to upgrade store design whilst we invest in e-commerce and in the latest technology and innovation. We believe that this is key to staying relevant to ensure a seamless customer experience, both on and off-line.”
Kabir Lumba, CEO of Landmark Retail, added: “We still see great momentum with our stores, and our online business is growing strongly at over 20% per annum. To maintain this trajectory, we are committing $1 billion in the next three years towards our physical expansion and upgrading our e-commerce, technology and supply chain capabilities.”
Landmark Group boasts 12 million square feet of warehousing capacity, including a $350 million Mega Distribution Centre in Jebel Ali. The company’s logistics arm, Logistiq, handles over 20,000 daily shipments in the GCC with a fleet of 800 vehicles.
The group operates 22 brands across fashion, home, electronics, and more, with 33 million square feet of retail space in 17 countries. Landmark employs 53,000 people and runs 12 independent ecommerce stores, making up 20% of its total sales.
