AGBI

Lulu profit falls as shoppers cut non-food spending

Lulu Retail, one of the largest grocery retailers in the GCC, said a drop in consumer spending, particularly in the high-value electronics segment, and lower non-food sales, impacted revenue in the second quarter of 2026. The quarterly top line fell 2.3 percent to $2 billion despite a modest increase in food sales following the opening […]

By AGBI

1 min read

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