Jumbo Electronics outlines key initiatives and plans for 2006

The unveiling of key initiatives comes close on the heels of Jumbo Electronics announcing an excellent financial performance for 2005. The group recently completed 31 years of operations in the UAE, providing a vast array of quality products and top-notch services.

Announcing the future plans, Mr. Arvind Nair, Chief Operating Officer, Jumbo Electronics, said:

"It has been a fantastic 2005 for us overall. We have consolidated as a group, our figures look very strong and we are poised on the threshold of rapid local and regional growth. Currently, most of the regional markets are robust with high growth forecast, increase in per capita income and expected spurt in tourism. In line with the market expectations, Jumbo has decided to strengthen its presence in the coming months and expand into future growth markets including Oman, Bahrain, Kuwait and few African markets like Sudan."

As it unveiled its future growth path, Jumbo also confirmed that SONY is the biggest selling brand for the company, followed closely by HP, Nokia, Sony-Ericcson amongst others. High growth products included cameras, flat panels, MP3 players, laptops amongst others.

In line with the vision of its Founder, Jumbo Electronics also announced more Corporate Social Responsibility related initiatives. The group has decided to formalize the CSR function with a Core Committee that will channelise funding from the departments into deserving local and international charities, including the Al Noor Training Centre for Children with Special Needs.

Also on the agenda is an Emiratisation programme. With a commitment to the development and progress of UAE, Jumbo has taken up the initiative to partner with the Government in ensuring that the national Human Resources find adequate representation at various levels of the hierarchy in the organization.

Mr. Nair added: "Our objective at Jumbo is to strategically create effective opportunities aimed at developing the talents of our national workforce. The purpose is to equip UAE nationals with the knowledge and skills needed to function within a changing economy and create a society which can share the responsibilities and challenges that come with economic development. At Jumbo, we realize the need for in-depth training and this is the reason why one of the most favored places to work for in today."

Jumbo also realizes the need to evolve continuously as the consumer becomes more sophisticated and savvy by adopting new technology. Highlighting trends for the future, Jumbo believes that 'Customization' will continue to dominate as top priority for customers, with an innate desire for individual preferences.

Always the innovator, Jumbo is known for several firsts that has revolutionized the retail industry in the Middle East. Jumbo, one of the first transnational corporations in the UAE, is the exclusive distributor for Sony, the world's biggest consumer electronics company and is notably recognized for being the first organization in the UAE to create a customer service team devoted to its consumers. Jumbo is also one of the first companies to recognize the impact of Internet in business and start trading its products online.

Today, Jumbo houses the world's leading brands in consumer electronics, information technology and telecommunications. These include global brands such as Sony, Acer, Apple, Brother, LG, Palm, Creative, Dell, Dyson, Epson, Fujitsu Siemens, Hewlett Packard, Hitachi, IBM, Kenwood, Lenovo, Linksys, Motorola, I-mate, Nokia, Samsung, Siemens, Sony Ericsson, Supra, Toshiba, etc.