Shaker Group rolls out ‘Breakthrough Program’

The headquarters in Riyadh of Shaker Group, a Saudi importer, manufacturer and distributor of air conditioners and home appliances.
Updated 04 February 2019
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Shaker Group rolls out ‘Breakthrough Program’

Shaker Group, a Saudi importer, manufacturer and distributor of air conditioners and home appliances, has announced the launch of its “Breakthrough Program,” a transformation plan to be implemented during 2019 and 2020. 

The “Breakthrough Program” has four pillars for improving performance. The first pillar, Core Business Turnaround (CBT), will focus on achieving profitable sales while delivering excellence in cost management. The second pillar, Talent Upgrade Plan (TUP), seeks to attract and develop talent at the company while improving organizational structure and rationalizing headcount. The third pillar, Performance Infrastructure (PI), will see improvements to the processes and architecture of the business, as well as enhancing reporting methods; while the final pillar, Strategic Moves (STR), will see strengthening of relationships with principals and business partners and exploration of opportunities beyond core operations, to ensure an unparalleled value proposition to customers. 

Azzam Saud Almudaiheem, chief executive officer of Shaker Group, said: “While we have faced pressure on sales revenues as a result of market challenges including increased competition, a lackluster construction sector and unfavorable seasonality, we are very pleased to be formally rolling out our Breakthrough Program, having already realized recent success in efforts to reduce operating expenses and improve efficiencies. We are confident of the positive impact we expect to see from them and I am pleased to say that our staff are fully engaged in support of the program for turning our business around.”

He added: “While we have experienced difficult years in a challenging market, the Breakthrough Program shows that we are addressing these issues head-on to achieve improved performance. We are bullish that the market for AC and home appliances shows long-term promise, which we intend to actively exploit.”

Mohammed Ibrahim Abunayyan, chief strategies and transformation officer at Shaker Group, said: “We are proud to unveil the Shaker Group Breakthrough Program, the development of which has been a key focus area for management. While the program extends through 2020, we are optimistic that material improvements in performance will be delivered.”


Bosch opens flagship store in Jeddah

Updated 16 February 2019
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Bosch opens flagship store in Jeddah

European home appliances brand Bosch has opened its flagship store in the Kingdom. The showroom, located in the heart of Jeddah, was recently inaugurated in the presence of Holger G. Ziegeler, the German consul general in Jeddah. 

Spread across 300 square meters of built-up area, the new Bosch store makes room for a product display ranging over 100 different appliances and models, all designed by German engineers. 

The showroom follows a two-story structure, with the ground floor dedicated to product showcases according to themes and categories. 

It hosts a welcome area, a brand heritage and innovation wall along with areas dedicated to kitchen inspiration, cooling, laundry, cooking and baking. The floor above makes room for a live cooking area and a “Perfect Kitchen” concept. 

“Our new flagship store strengthens our brand presence in the Saudi market and complements our existing network of outlets — which are currently in shop-in-shop forms,” said BSH Home Appliances CEO Tomas Alonso.

He added: “This purpose-built space will help us deliver the quality, innovation, design intelligence and efficiency that Bosch stands for. Bosch prioritizes innovation in the service of a healthy balanced life, and I look forward to people exploring the concept themselves in this beautiful new space.” 

The showroom will also showcase the strides Bosch is making toward intelligent eco-friendliness, where appliances reduce their energy and water footprints. Consumers not only give back to the environment but also save costs through reduced utility bills. 

The store, operated by Bosch Home Appliances Saudi Arabia distributor and partner Abdul Latif Jameel Electronics, also serves as a logistics hub for Bosch products across the Kingdom.

“Bosch products have proved very popular with Saudi households thanks to the brand’s association with quality, trust and excellent design. Bosch products are invented for life, with the goal of making life noticeably easier, healthier and more balanced. We are proud to be exclusive partners and distributors of Bosch in the Kingdom, and are delighted to be able to welcome customers to a new, easily accessible location,” said Hisham Hamza, CEO of Abdul Latif Jameel Electronics.

The showroom is open from 9 a.m. until 9 p.m., Saturday to Thursday.

BSH Bosch und Siemens Hausgeräte GmbH is the largest manufacturer of home appliances in Europe and one of the leading companies in the sector worldwide. 

The group was founded in 1967 as a joint venture between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich). Today, BSH operates 40 factories in 13 countries in Europe, the US, Latin America and Asia.