Retailers see slump in business

Updated 12 October 2014

Retailers see slump in business

Low customers’ turnout this Eid has dampened the spirit of the retailers in Jeddah.
Festivities during Eid days are generally a high season for shops and malls which are crowded with customers doing shopping to celebrate the occasion with their friends and families.
Not so this year, said Mohammed Khalid, an owner of three ready-made garment stores.
“Every year, during Eid Al-Adha there is less inflow of customers even though we offer attractive discounts and sales on our garments. This year we witnessed business going down by about 15 percent as people are more involved in celebrating the Eid with sacrificial meat than going shopping.”
Although women have been shopping well ahead of the Eid, the markets and shopping malls did not see a high turnover in their sales, he said. “Sales of jewelry, footwear and other related items did not do well this Eid as they are not considered so important.”
Ismail Ahmed, a salesman at a shop in Bawadi, said: “There has been a decrease in the sales of bags, cosmetics and related items during Eid Al-Adha.” The market saw smaller crowds this Eid than the Eid Al-Fitr as people were more interested in preparing to cook elaborate meat dishes than in shopping.
Saleh Bassam, a resident said: “Eid Al-Adha is all about celebrating and sharing the sacrificial meat with the poor and needy, family and friends. This festival invites us to enjoy the three-day festival mainly by consuming meat so the majority give less importance to going shopping.”
However, major supermarkets and hypermarkets are expecting to witness a boom this Eid with some of them already citing a jump in sales of more than 20 percent following a slash in prices of essential items.


KSA highlights support for Bosnia massacre victims

Saudi Foreign Minister Faisal Bin Farhan al Saud delivers a speech during the opening of the UN Human Rights Council's main annual session on February 24, 2020 in Geneva. (AFP)
Updated 13 July 2020

KSA highlights support for Bosnia massacre victims

  • The minister added that King Salman continued to support and stand by Bosnia and Herzegovina, further confirming the unique and friendly relations between the two countries

GENEVA: Saudi Arabia participated in the 25th anniversary memorial of the Srebrenica genocide that took place in July 1995.
Foreign Minister Prince Faisal bin Farhan bin Abdullah delivered the Kingdom’s speech via video conference.
He conveyed the greetings of King Salman and Crown Prince Mohammed bin Salman to the chairman of the Council of Ministers of Bosnia and Herzegovina, Sefik Dzaferovic, and UN Secretary-General Antonio Guterres, and dignitaries who were participating in the event.
The minister affirmed that Saudi Arabia stood side by side with its brothers, the families of the victims of the massacre.
He said: “Our participation on behalf of Saudi Arabia, its leaders, government, and people, is a humanitarian and moral obligation that the Saudi leadership stands by every year.”
The minister added that King Salman continued to support and stand by Bosnia and Herzegovina, further confirming the unique and friendly relations between the two countries.