UAE-based home furnishing retailer PAN Emirates Home Furnishings announces major expansion plans across the GCC as it celebrates its 28th anniversary.
The furniture retailer will soon open new stores in Al Ain Mall in Al Ain, Capital Mall Abu Dhabi, and a few more stores in Oman, following the retailer witnessing a 30% growth in the Sultanate.
Currently, the overall market value of the furniture industry stands at AED 6 billion, and PAN Emirates Home Furnishings holds approximately 9-10% of the total market share.
It witnessed a 35% increase in sales from last year and a 100% increase in customer footfall, comprising a 55% gain in new customers.
The retailer to mark the 28th anniversary has announced a promotional campaign to reward its customers with the offer of gift vouchers worth AED 28,000 to 28 winners.
The promotion is open for customers on a minimum purchase of AED 500, from October 27 to November 7, 2020, across all stores in the UAE.
Currently, the retailer has 19 stores across the GCC, which include seven in Dubai, three in Abu Dhabi, two in Al Ain, one each in Sharjah, Ras Al Khaimah and Fujairah. At present it has three stores in Oman, two in Muscat and one in Salalah and has plans for further expansion across the Sultanate. The retailer’s success is attributed to the product quality, great in-store experience, and dependable after-sales service.
Founded in 1992, PAN Emirates Home Furnishings is the region’s leading indoor, patio, and outdoor furniture brand that has a had a successful year so far in terms of sales figures, customer acquisition and regional expansion. In addition to the exceptional progress, the expansion plans of stores across the GCC, and expected to give PAN Emirates Home Furnishings an added edge to increase its market share in the coming year.
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