IMARC Services Private Limited’s Post

I want to share some great news. Yesterday, we had a major meeting with colleagues from Carrefour UAE. We discussed all possible ways of collaboration to enhance the online shopping experience for customers of one of the eCommerce leaders in the UAE and MENA region. Thanks to Alisher Ziyaev for the productive meeting. #24TTL #24AI #ecommerce #ecommerceinnovation

In NIQ's latest analysis, they explore the opportunities for accelerated growth in the FMCG and e-commerce sectors. Taking a closer look at the UAE and Saudi Arabia, consumer behaviour and market dynamics indicate a nuanced recovery, marked by shifts in preferences and increased price sensitivity. https://lnkd.in/dyEC26tq NielsenIQ

In line with the ongoing objectives of Vision 2030, the Kingdom has seen a remarkable expansion of the local e-commerce industry and holds a 45% share of the MENA region's online retail space. 🚀🛍️ With the number of e-commerce businesses reaching over 35,000 in the second quarter of this year, the number of Saudi e-commerce shoppers is predicted to reach SAR 49 billion by 2025. 📈 As technology and innovation continue to shape the local ecommerce landscape, we are dedicated to contributing all we can to the growth of this crucial industry, providing online retailers with the services and tools they need to scale their operations. 💻🛠️ #Salasa #Vision2030 #Ecommerce #Growth #Retail #Online #Shopping #Fulfillment #CustomerSatisfaction #BusinessSuccess #RetailLogistics #ShippingAndDelivery #FulfillmentPartner #OnlineRetail 

The retail industry in Saudi Arabia is experiencing a transformation, characterized by the exponential expansion of e-commerce surpassing conventional retail structures. This evolution is attributed to a demographic primarily composed of young, technologically adept consumers, coupled with regulatory frameworks that favor e-commerce.

🔴#SaudiArabia, here are the #top10 things happening in retail. 1. Growing E-commerce Market: The rise of #online_shopping in Saudi Arabia has led to a significant increase in e-commerce platforms and digital payments. 2. Expansion of International Brands: #Saudi_Arabia has seen a surge in international retailers entering the market, providing consumers with a wider range of options. 3. Shift towards Sustainable and Ethical Practices: #Consumers are becoming more conscious of their impact on the environment and are demanding sustainable and ethical practices from retailers. 4. Rise of Omnichannel Retailing: #Retailers are adopting an omnichannel approach to provide a seamless shopping experience to customers, combining online and offline channels. 5. Increase in Female Workforce: With more women joining the workforce, there is a growing demand for female-centric #products and #services in the retail industry. 6. Integration of Technology: Retailers are incorporating technology such as #artificial #intelligence, #virtual_reality, and augmented reality to enhance the shopping experience and improve efficiency. 7. Focus on Local and Traditional #Products: There is a growing trend of consumers supporting local and traditional products, leading to an increase in the availability and promotion of such products in retail stores. 8. Rise of Personalization: #Retailers are using data and analytics to personalize the shopping experience for customers, providing them with tailored recommendations and offers. 9. Increase in Retailtainment: Retailers are incorporating #entertainment elements such as live events, music, and interactive experiences to attract and engage customers. 10. Shift towards Contactless Payments: The COVID-19 pandemic has accelerated the adoption of contactless payments in Saudi Arabia, with more retailers offering this option to #customers. #retail #saudiarabia #vision2030 #malls #entertainment #familytime #highlights

Spotlight*Kuwait 2 : Online Shopping behavior and attitude in Kuwait At Ipsos, we're committed to amplifying our clients' knowledge through powerful #insights. In the second episode of our Spotlight*Kuwait series, we addressed the topic of #e-commerce in #Kuwait. The report reveals that around half of the people in Kuwait are #online #shoppers, primarily driven by attractive promotions (32%) and convenience (31%). Fashion and food & beverage emerge as the most popular online shopping categories, each garnering 65%. Interestingly, despite the rise of online shopping, the appeal of in-store shopping remains strong, where 6 in 10 individuals believe it cannot be replaced. Stay onboard as we continue to unveil incisive #insights across various sectors in Kuwait & Bahrain. Thanks to Farah Rihani and team #ipsos #ipsosmena #ecommerce #fashion #onlinedelivery #foodandbeverage

Carrefour expands self-checkout service to Karen's Hub store, enhancing customer experience. Launched last year in Kenya, the service aims to attract customers seeking autonomous shopping experiences while saving time. However, it's exclusively available for buyers with less than 15 items, streamlining quick transactions. In alignment with Carrefour's commitment to seamless shopping, the self-checkout option empowers customers to complete purchases independently. By eliminating the need for cashier assistance, the service reduces queuing time and enhances convenience for shoppers. This move underscores Carrefour's dedication to #innovation and #customersatisfaction. The Hub store's adoption of self-checkout marks Carrefour's third location in Kenya to offer this feature. Building on successful implementations at Westgate Shopping Mall and the Village Market, Carrefour continues to prioritize technological advancements to meet evolving consumer needs. With #cashless payment options like M-PESA Africa, debit/credit cards, and MyCLUB loyalty points accepted, the self-checkout service provides flexibility and convenience. Carrefour remains committed to enhancing the retail experience, leveraging technology to create efficient and customer-centric solutions. #selfcheckout #customers #hakunamatatamedia

Modern Trade Retailers and the Discount Stores in GCC Region. Referring to my last week's LinkedIn post, "Discover the Power of Discount Stores," the  #Statista analytics below reaffirms that other retail channels need to be watchful of their retail strategies. One of the main reasons discount stores perform better is that a large chunk (85%) of the population belongs to Lower middle and lower-income groups,(according to the #GilbertSocialClass2018model ).This means there is a higher tendency for many to save money by patronizing discount stores, saving 30% to 40% of their grocery spends . Although #ALDI, #LIDL, #Walmart, #Amazon, and #Costco have successfully embraced the discount store concept in the US & Europe, it has yet to be adopted by the big three retailers in the GCC region, other than #Nesto #Gala, #MarkandSave & #vivamarkets in UAE and Oman. #ValueForMoney #ModernTrade #FMCG #Retail #Relianceretail #Tesco #Panda #Othaim #Discountstores #DRC #Kantar

The e-commerce industry in #SaudiArabia is undergoing a remarkable transformation, marked by rapid growth and the emergence of major players like Amazon, noon, and Namshi.com. This expansion is evident in Amazon's recent inauguration of a large fulfillment center in #Riyadh in 2023 and the introduction of innovative loyalty schemes like Noon One, highlighting the highly competitive and innovative nature of the market. In particular, the #fashion and #apparel segment is witnessing significant revenue growth. This is largely fueled by initiatives like the 100 Saudi Brands by the Saudi Arabian Fashion Commission, which are propelling local designers and brands into the spotlight and revolutionizing the e-commerce landscape for fashion. Similarly, the beauty and personal care sector is thriving, with a growing demand for organic, vegan, and ethically produced products. This trend is especially prominent among the younger generations, with #GenZ and #Millennials showing a keen interest in product ingredients and ethical production practices. The #B2C e-commerce segment is also experiencing substantial growth. This surge is driven by a shift from traditional offline shopping to online platforms, enhanced by improved delivery services and a broader array of accessible products and services. The high per capita income in Saudi Arabia further fuels the demand for luxury and high-end products, making it a lucrative market for e-commerce businesses. Navigating the #eCommerce space in Saudi Arabia also requires understanding and adhering to its regulatory environment. Businesses are required to register with the Ministry of Commerce - Saudi Arabia and comply with Saudi Arabia's Electronic Commerce Law, ensuring a smooth operational framework within the market. Apart from global giants like Amazon and AliExpress, local companies such as eXtra (United Electronics Co.).com, Namshi, and Jarir Bookstore are notable for their diverse product offerings and strong customer service, establishing themselves as significant players in the Saudi e-commerce market.

📢 New report alert! 2024 Ramadan & Eid al-Fitr Insights: Spotlight on KSA and UAE spending trends. Toluna and MetrixLab's latest report for the region sheds light on how consumers are planning to shop in the coming weeks and how they're planning to spend the holiday season, revealing key trends for brands and retailers. Here are a few takeaways from the report: 📈 Increased Spending Sentiment: In 2024 there's a noticeable uplift in spending sentiment among residents of both UAE and KSA, marking Ramadan as a prime time for making new purchases. This trend represents a significant shift from 2023. 🛍️ Shopping Preferences: When it comes to choosing where to shop, our findings indicate distinct preferences between the two regions. UAE consumers are increasingly valuing hassle-free returns and the availability of multiple payment counters, seeking convenience and efficiency in their shopping experiences. Meanwhile, KSA residents are placing a higher priority on the convenience of location, underscoring the importance of accessibility. 🎉 Attractive Offers: The report also reveals that 46% of consumers plan to increase their spending during Ramadan and Eid this year compared to 2023. What attracts them the most? Price discounts, bundle offers, free gifts or services, and deals that offer more quantity for their money. As businesses look to connect with consumers during this key shopping season, understanding these insights can help tailor strategies to meet evolving needs and preferences. For a deeper dive into these insights download the report: https://bit.ly/49ciX9E #Ramadan2024 #ConsumerInsights #KSA #UAE #BusinessIntelligence