Alhokair Fashion Retail logo
Saudi Arabia based retail conglomerate Fawaz Abdulaziz Al-Hokair & Co. has reported a consolidated net loss of SAR681.2 million during the fiscal year ending March 31, 2020. The company had recorded a net profit of SAR138.1 million during the same period in 2019.
Also watch: Realigning Business-Critical Goals
According to the official statement, the company’s gross profit decreased at an annual rate of 62.4% during the fiscal year 2020, which is equivalent to SAR676.7 million compared to the previous year.
Alhokair Fashion Retail has now restarted store operations after the ease of movement restrictions in the Kingdom.
For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
As the demand for healthier food choices surges, ROOTS Food is leading
A new chapter unfolds for the leading tech-driven, hyperlocal e-commerce company, Rabbit,
Lulu Retail, the GCC’s retail powerhouse, has reported a transformative FY 2024,
The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with Lulu
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
/ 
New space offers personalised experiences, live demos, and a deeper dive into
Tanishq, Titan Watches, and Titan Eye+ come together for the first time
Luxury perfumery is an art that transcends time, weaving personal narratives with
Majid Al Futtaim accelerates its luxury retail strategy in the GCC, building
Born from a need for well-made, versatile activewear that transitions seamlessly into
Trendyol, the global e-commerce powerhouse, has strengthened its presence in the Gulf
Kangol, a brand synonymous with headwear innovation, has journeyed through decades of
Alshaya Group announces the opening of two standalone Disney Stores in the
Gymshark, the UK-based fitness apparel brand, has made its highly anticipated retail
GMG, a global well-being and retail conglomerate, has signed a 10-year strategic
Previous Article
