Hyper One Ramps Up Expansion

Local Egyptian retailer Hyper One has announced its ambitious expansion plans for the coming years, as it looks to expand its presence in the lucrative Egyptian MGR sector. After having established the successful El Hawary supermarket chain, the company established its first hypermarket under the Hyper One banner in 2005 in Cairo's Sheikh Zayed district. With this outlet recording sales of EGP30mn (US$5.5mn) annually, with an average of 45,000 customers each day, the company has announced its plans to open five new Hyper One branches over the next two years. As the local mass grocery retail (MGR) market continues to

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