Lulu Mall in preparation to knock in 12 more cities after Lucknow
After Lucknow, the capital of Uttar Pradesh, Lulu Group is preparing to knock in 12 more cities of the country. Considering the huge potential for growth in the Indian retail sector, this group of United Arab Emirates (UAE) is making a comprehensive plan to expand its business in India. The group plans to build around 12 more malls in the country. The group has so far built five shopping malls in India with an investment of Rs 7,000 crore. Lulu Group has five malls in Kochi, Trivandrum, Thrissur, Bengaluru and Lucknow. The group recently opened its mall in Lucknow and within a short span of time it has emerged as a center of attraction for the people.
Shibu Phillips, director (shopping malls), Lulu Group India, said the Indian retail market is yet to be fully tapped and the share of organized retail is still low. Philips said, “India is a very important market for Lulu. The population here is young, whose per capita income and consumption is increasing. This market is not fully utilized yet, if you look at organized retail, it is only 12 per cent. I believe if your business model is right then there is a lot of opportunity here. Lulu is paying full attention to India.
Will open in three more cities of UP
He informed that the group is building malls in Calicut, Kottayam, Tirur, Perinthalmanna and Palakkad in Kerala. At the same time, there are plans to build six shopping malls in Chennai, Ahmedabad, Prayagraj, Varanasi, Bangalore and Noida. In addition, the existing mall in Hyderabad is being renovated and will open in early 2023.
Lulu Group International is a multinational company headquartered in Abu Dhabi, the capital of UAE. Actually Lulu is an Arabic word, which means pearl. The group is named after this. Lulu Group runs a large chain of hypermarkets and retail companies. It was named after M.A., a resident of Kerala. Yusuf Ali started it. Lulu Group International opened its first supermarket in Abu Dhabi. The annual turnover of Lulu Group is $8 billion. The business of this group is spread the most in Arab countries especially UAE. The business of this group is in 22 countries including Middle East, Asia, America and Europe. Lulu Group has given employment to about 57 thousand people.
Lucknow Mall is spread over 11 acres
Lulu Mall was recently opened in Lucknow. It is the biggest mall of UP. On the very first day a crowd of lakhs had gathered here. Earlier, a midnight sale was held at Lulu Mall in Trivandrum, in which almost all goods were being given at half price. On seeing this, people broke down at the mall as if the whole city had entered the mall. That’s Lulu’s way of drawing people in. He gives very cheap goods and has made a lot of customers his own.
Lulu Mall is on National Highway 27, which is the Lucknow-Sultanpur National Highway. There is also a dedicated service lane beside the highway for this mall. It takes about 20 minutes to reach this mall from the city center and airport. This mall in Sushant Gold City is built in 1,85,800 square meters. This is the biggest mall of Lucknow, which is built in Sushant Golf City in 11 acres at a cost of about Rs 2 thousand crores. This mall is one of the largest shopping malls in the country. So far this company has built the biggest mall in Kochi.
Lulu’s Cell
If we talk about Lulu Mall, then it does not put such a strong sale just like that. Lulu has a mall as well as it has many stores. He is able to sell goods at very cheap prices at his stores because he is spread all over the world. He buys all the products by placing orders in huge quantities from different parts of the world, due to which he gets the goods at very cheap rates. In such a situation, Lulu is able to sell the product in its stores at a very cheap price. This is the reason that wherever Lulu goes, the big Lala also puts people in tension.
