Retailers see slump in business

Retailers see slump in business
Updated 12 October 2014

Retailers see slump in business

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.