Online retail site recognised for achievement in e-commerce
- United Arab Emirates: Wednesday, November 19 - 2003 at 14:46
- PRESS RELEASE
The alliance of two leading names, American Express and Jashanmal & Sons, has been key to the success of Hadaiya.com, the only retail site to have been shortlisted for the Gulf Brands of the Decade Award for e-commerce and IT, according to the site's managing director Bharat Jashanmal.
Jashanmal explained: "Brands that have high perceived value are always included in a customer's decision-making process. If a brand's combined tangible and intrinsic equities are consistently higher than any other brand in the category, that brand will have the highest customer loyalty in terms of purchase and recommendation."
"To this end, the strength of brand names is one of the key points behind Hadaiya.com's marketing strategy - the site went live on May 15 this year - as the site is exclusive for American Express Cardmembers, operated by Jashanmal & Sons in Bahrain.
"The combined value that both brands bring to the table, alongside delivery partner DHL, is what gives Hadaiya.com the competitive edge in a market where online shopping has not evolved to the levels of other parts of the world."
The international research company Ipsos-Stat has been commissioned to put each nominated brand through Gulf-wide market research, before a panel of expert judges reviews the quality of brand communications and selects category winners.
The GMR 10th Anniversary, Gulf Brands of the Decade Awards cover 10 categories - as well as a Marketeer of the Decade award - including finance, FMCG, shopping malls, duty free, e-commerce, tourism, and media and advertising. The gala dinner will take place at Madinat Jumeirah in Dubai on November 30.
The event is sponsored by Gulf Air and CNBC, and category sponsors are The Economist, Arjo Wiggins, Visa, HP, Cadillac, Nokia, Masafi, Scintilla Monaco, Synovate and HSBC.
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Gulf Air was founded in 1950. Today, it is owned by the Kingdom of Bahrain, the Sultanate of Oman and the United Arab Emirates, and is the only truly pan Gulf airline in the region. The airline's network extends from Western Europe to Asia and covers 45 cities in 33 countries. The fleet is one of the most modern in the Middle East and comprises 33 aircraft.
The airline is in the second year of a three-year strategic recovery program, headed by President and Chief Executive, James Hogan. The airline's aim is to further evolve by taking its renowned cultural strengths, which have been gained over more than half a century, into a global environment.
About CNBC
CNBC Arabiya is the region's first and only 24-hour Arabic language financial and business information channel, presenting in-depth and up-to-the-minute coverage of regional and international business and political events. CNBC Arabiya's innovative daily program schedule features early morning business news, in-depth coverage of the local stock markets, analysis and reports of corporate Arabia, nightly business news that covers not only the region's business and economic developments but financial news developments from Europe and America as they impact on the Middle East. The channel broadcasts from its studio in Dubai Media City with bureaus in Beirut, Cairo and Manama and correspondents in London. Additional bureaus and correspondents in Saudi Arabia and New York will be operational by the end of 2003.
Further information:
Strategic Solutions, for The Gulf Marketing Review 10th Anniversary
Gulf Brands of the Decade Awards,
tel +971 4 391 5390
Conference Division; Gray Business Communications
tel +971 4 349 6663
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Posted by Anne-Birte Stensgaard, Senior News Editor



