You must leverage risk in retail yet be willing to experiment


October 18, 2016 | By Rupkatha B

RetailME spoke to Marka CEO Nick Peel, who brings with him over 20 years of multi-channel experience with some of the biggest names in sports marketing as well as leading retail brands in fashion and other categories, about his retail journey in this part of the world…

“It’s been a whirlwind of a journey,” says Peel about the two years he has spent so far with Marka, which is the UAE’s first publicly traded joint stock company focused on the country’s fast-growing retail sector.

Appointed CEO in August 2014, a little over a month after Marka launched its operations, Peel has been in the thick of action, guiding the company’s ambitious growth strategy to become, as he put it at the time of his appointment, “the premier retail operator in the UAE and across the region.”

How easy or difficult has it been for you to work with the Marka board?

We interact with each other at least quarterly but there are a couple of board members that I interact with more frequently, almost fortnightly or monthly. They are all pragmatic, positive, entrepreneurial individuals and are true to the vision of economic diversification propagated by His Highness Sheikh Mohammed bin Rashid Al Maktoum’s, vice president and prime minister of the UAE, and ruler of Dubai. They are approachable individuals who have been helpful and supportive during my journey.

Three biggest learnings at Marka:

  • I strongly believe in investing in people, listening to them and taking decisions only after talking to and learning from them. I have learnt to value human capital even more over the last 24 months.
  • Building relationships and collaborating is extremely important in this part of the world.
  • We have to invest in processes, procedures and financial diligence. You need strong analytical skills to complete that journey.

 

The full interview has been featured in RetailME October 2016 edition.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


A new branch of Waitrose comes up in Abu Dhabi’s Khalifa City

British grocer Waitrose has opened its newest store in Abu Dhabi’s Khalifa 

Continue Reading

January 25, 2023 | By RetailME Bureau
Its Netherlands Food Week at Al Maya Supermarkets

UAE-based Al Maya Supermarkets has kicked off its ‘Netherlands Food Week’ that 

Continue Reading

January 20, 2023 | By RetailME Bureau
Tesco announces price lock to support consumers amid inflation (PC: Andrew Parsons / Parsons Media)

British grocery retail chain Tesco has announced a price lock on over 

Continue Reading

January 13, 2023 | By RetailME Bureau
Union Coop renews ISO certification

Dubai-based grocery retailer Union Coop has successfully obtained the ISO 22301, an 

Continue Reading

January 12, 2023 | By RetailME Bureau
Spanish supermarket chain Mercadona announces salary increase amid inflation (PC: Mercadona)

Spanish omnichannel supermarket chain Mercadona has announced salary increase amid inflation that 

Continue Reading

January 3, 2023 | By RetailME Bureau
Choithrams partners with Rove Hotels to open 8 new outlets

Grocery retail chain Choithrams will open eight convenience stores across Rove Hotels’ 

Continue Reading

December 30, 2022 | By RetailME Bureau
Géant to open more than 20 stores in the UAE in 2023

Part of regional retail conglomerate GMG, Géant plans to open more than 

Continue Reading

December 23, 2022 | By RetailME Bureau
FMCG online sales growing by 68% in UAE and 58% in KSA

Online share in FMCG sales has been growing all over the world, 

Continue Reading

December 19, 2022 | By RetailME Bureau
Majid Al Futtaim Retail, Standard Chartered launch region’s first Sustainable Supply Chain Finance Programme

Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle 

Continue Reading

December 15, 2022 | By RetailME Bureau
GMG and Silal partner to support 1,100 UAE farms access local retail market

UAE-based diversified conglomerate GMG and Silal have signed a memorandum of understanding 

Continue Reading

December 12, 2022 | By RetailME Bureau
Lulu Group partners with Amazon expanding grocery offerings to online customers in the UAE

Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon 

Continue Reading

November 24, 2022 | By RetailME Bureau
Food Tech Valley partners with Tradeling to boost UAE’s food ecosystem

UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness 

Continue Reading

November 17, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine