8 Hrs
Source:
الاقتصادية
Al Othaim Markets adopts smaller hypermarket formats
Grocery retail companies in Saudi Arabia are moving towards redesigning their stores to smaller sizes to enhance operational efficiency and reduce costs, amid changing consumer behaviors and increasing reliance on digital channels. The size of a typical supermarket has decreased from around 4,000 square meters to between 1,500 and 2,000 square meters, while the basket value has fallen to approximately 100 riyals. At the same time, visit frequencies are rising, but the size of each purchase is shrinking. The sector is facing pressures from a 4.39% decline in the consumer goods market in the first quarter, as well as increased competition from e-commerce and digital services.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)