Top retailers like Jumbo Electronics, UAE's leading consumer electronics company and Rivoli, the leading luxury goods retailer are optimistic about prospects in the last few weeks of the retail and shopping extravaganza and are projecting higher sales figures.
Mr. Arvind Nair, Chief Operating Officer, Jumbo Electronics, says; "We are witnessing an increase in the footfalls particularly at stores based within shopping malls. Jumbo's approach to shift into malls and out of high street locations seems to be paying off well as more and more as consumers prefer the shopping experience within malls which is evident this DSS. MP3 players, Digital Cameras, Playstation Consoles and Games are the hottest buys this season."
He adds; "The year on year growth compared to last year's festival has been an approximate 20 percent. There is almost a 15 percent rise in sales during DSS as compared to the period prior to DSS. Our pivotal promotion with SONY, where four Star Cruise Packages are up for grabs has received a terrific response. For those who have missed out, there are still about three weeks more to avail of this exciting Jumbo-Sony promotion."
Mr. Ramesh Prabhakar, Managing Partner of the Rivoli Group, said: "This year Rivoli has experienced a marked increase in sales in all its various outlets, in the UAE. With a lot of the consumers leaving the UAE to visit relatives this summer, there has been an increase in watch sales in both Rivoli stores and various brand boutiques. This is especially in the case of Hour Choice, which gives the consumer a wide variety of branded watches available in different styles. The promotional prices that Rivoli was able to offer its consumers this DSS received a great response, and this is truly evident in the sales figures for this season."
UAE's leading retailers, Jumbo and Rivoli expect a further boost in sales in the next few weeks of DSS, particularly as a lot of the expatriate population are scheduled to return from their annual summer sojourn.
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Boom time for retailers this DSS
- United Arab Emirates: Tuesday, August 09 - 2005 at 11:14
- PRESS RELEASE
With another exciting month remaining for this year's Dubai Summer Surprises, retailers are already sending out positive feedback, signaling higher footfalls and an increase in sales with comparison to last year's DSS.
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Corporate BackgrounderRivoli Group: Since 1988, the Rivoli Group has been building its strong position in the fast growing retail environment in the UAE and the lower Gulf states. The Group has become one of the largest importers and retailers of luxury brands in the Middle East and offers a wide range of product categories from watches and writing instruments to menswear accessories, gift items and eyewear. The Rivoli Group represents brands such as Montblanc, Longines, dunhill, Links of London, Glashütte, Carl. F. Bucherer, Milleret, Hour Choice, Kenzo, Vertu and more. The Rivoli Group operates over 50 Hour Choice and mono brand boutiques of various franchises. The Rivoli Group is also well known throughout the Emirates for its 8 Rivoli textile stores, which have an impressive portfolio of designer fabrics and professional tailoring services.
Jumbo Group and Jumbo Electronics LLC
The Jumbo Group, an international industrial and trading conglomerate, enjoys a presence in over 25 countries with 28 companies covering its multi-faceted operations in diverse segments such as consumer electronics, tyres and tubes, breweries, chemicals, industrial machinery and logistics management.
Its flagship company, Jumbo Electronics LLC, is one of the biggest names in the field of Consumer Electronics, Information Technology and Telecommunications in the UAE. One of UAE's first transnational corporations, the Dubai-headquartered Jumbo Electronics has a well spread out network of 23 showrooms and 10 service centres that spans the entire UAE.
Partner for Global Brands
Jumbo's retail and distribution network have made it a natural choice for manufacturers who want to tap the growing Middle East market. One of the largest Sony distributors in the world, the company has an enviable line-up of brands in its portfolio that includes Acer, Brother, Canon, Casio, Citizen, Dometic, Dyson, Epson, Fujitsu Siemens, Genius, Handspring, HP-Compaq, IBM, I-Mate, Logitec, Motorola, Nokia, Orson, Palm, Philips, Rionet, Samsung, Sendo, Siemens, Sony-Ericcson, Supra, Targus, Teleview, Thuraiya etc.
Media Contacts
Jai Tolani / Sharon Carvalho
Bates PanGulf PR
04-295 3456 (P)
04-2951027 (F)
Anne-Birte Stensgaard, Senior News EditorTuesday, August 09 - 2005 at 11:14 UAE local time (GMT+4)
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