Vol 1 Issue 14
عربي THURSDAY, APRIL 18
The projected revenue in the Grocery Delivery market in Saudi Arabia is expected to reach US$1,545.00m in 2024. This market is expected to show an annual growth rate (CAGR 2024-2028) of 15.76%, resulting in a projected market volume of US$2,774.00m by 2028.
The grocery delivery market is booming in KSA and it is showcasing a prominent growth as customers are embracing the convenience and safety of shopping from their homes as compared to shopping at brick and mortar stores. According to reports user penetration in the Grocery Delivery market in Saudi Arabia will be at 25.8% in 2024. The average revenue per user (ARPU) in the Grocery Delivery market in Saudi Arabia is projected to be US$162.50 in 2024. And the number of users in this market is expected to reach 13.4m users by 2028.
COMMUNITY BUILDING APPROACH
Selling grocery in a convenient way not only helps to win customers, but it is also helps in building the right community that propels the growth of the ecosystem.
Our mission remains steadfast – to enrich lives, empower communities and establish CircleK as a beacon of quality and innovation across the region. We are aiming to reach more households than ever before through our footprint expansion across various geographies and locations across the Middle East as well as through the launch of our omnichannel operations.”
LIFESTYLE IS PUSHING SHOPPING GROWTH
The resurgence of the pilgrim market in 2023 holds exceptional significance to its business, aligning with the overall dynamism within the Kingdom.
BinDawood Holding’s strategic priorities include a dedicated focus on elevating customer footfall and retention, refining the sales mix and basket size and a meticulous expansion of its geographic footprint through thoughtful site and format selections. We are driven by a distinct vision to establish the foremost retail business in the region. Towards that goal, our ongoing efforts involve the introduction of cuttingedge technologies, expansion of our store portfolio and individualisation of customer experiences. Our goal is to provide customers with an extraordinary and unique shopping experience.”
RetailME Shelf Talk Episode 7
Fadi Serhal – Executive Director YOGi
Cenomi Retail has signed a contract with Abdullah Al Othaim Fashion Company to sell the franchise of 5 brands: Aldo, Aldo Accessories, Charles & Keith, Pedro and La Vie en Rose and related assets of about 121 stores in the region.
Van Cleef & Arpels open a new store in the Panorama Mall in Riyadh. This takes up the store count of the brand in the region to 5+ in the region.
DOLCE & GABBANA steps in to KSA and the brand along with AlMalki Group unveils its first boutique in the vibrant heart of VIA Riyadh, in Riyadh, one of the most prestigious and renowned destinations in Saudi Arabia.
/ˌhaɪˈspiːdˈriː.teɪl/ High-speed retail refers to a retail model that emphasizes efficiency, convenience, and speed in serving customers. This concept is inspired by the fast-paced lifestyles of modern consumers who value convenience and instant gratification. In high-speed retail, the focus is on reducing wait times, streamlining processes, and maximizing convenience for customers.
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